Enbridge Operations and Financial Update

Preliminary 2022 Outlook EBITDA Outlook' (SB) EENBRIDGE $13.9 - $14.3 Annualized benefit of 2021 growth capex $13.3 • Moda acquisition 2020 2021e 2022e • Energy Services •Weaker USD2 (Partially hedged) Roll out of 2022 guidance and 3-year strategic plan priorities at Enbridge Day (1) Adjusted EBITDA is a non-GAAP measure. Reconciliations to GAAP measures can be found at www.enbridge.com. (2) Including impact of hedges. 23

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