"Over the decades, Enbridge has delivered superior shareholder value. Our low risk business model has resulted in strong and consistent growth in the dividend which we are continuing to deliver."
Al Monaco, President and Chief Executive Officer
Highlights of Strategic Plan
Shareholder Value Proposition
Enbridge offers a unique value proposition that brings together the combination of a superior low risk business model, high quality infrastructure and strong organic growth. We credit this unique value proposition for delivering excellent returns to shareholders year after year, and we plan to stick with our proven formula.
Our best-in-class value proposition:
- Superior low risk business model:
- Low-risk pure regulated business model
- Unparalleled commercial underpinning
- Minimal commodity price exposure
- Investment grade customers
- High quality infrastructure:
- Critical energy delivery infrastructure
- Positioned to capitalize on strong underlying fundamentals
- Strong organic growth:
- Attractive 6.2 dividend yield
- 10% DCF and dividend growth rate through 2020
- 5-7% DCF per share beyond 2020
Superior low risk business model
"Our reliable business model is supported by strong commercial constructs, limited commodity exposure and the strong credit profile of our customers."
Resilience demonstrated through Enbridge’s record growth despite the business and commodity price cycles
High quality infrastructure
“Long-term energy fundamentals remain strong and our core businesses are strategically positioned to capitalize on this growth"
Strong organic growth
Post-2020, a combination of base business growth and $5-6b of annual capital growth will yield a long-term earnings and cash flow growth rate of 5-7%.
Continued commitment to grow DCF and dividend per share at 10% through 2020.
- Strong organic growth opportunities from 3 core businesses
- Low risk business model
- Self funded equity
- Prudent leverage levels
- Disciplined capital allocation
Letter to Shareholders
Positioning Enbridge for the future.