Enhanced Investments - Financial Portal

Published: 2022-02-11

ENBRIDGE GAS INC.
	Supplemental Financial Information (unaudited)
	Exhibit to the Consolidated Financial Statements
Earnings Coverage Ratio
		The fol owing earnings coverage ratio for Enbridge Gas Inc. (the Company) has been calculated on a consolidated basis for the 12 month period ended December 31, 2021 and is derived from audited financial information prepared in accordance with general y accepted accounting principles in the United States of America (US GAAP).
		The earnings coverage ratio gives pro forma effect to the issuance or repayment by the Company, from time to time, of debt. No debt securities were issued subsequent to December 31, 2021.
		Adjustments for normal course issuances and repayments of debt subsequent to December 31, 2021 would not material y affect the ratio and, as a result, have not been made. The earnings coverage ratio set forth below does not purport to be indicative of the earnings coverage ratio for any future periods.
			Twelve Month Period Ended
				December 31, 2021
		Earnings coverage1			2.5 times
		1 Earnings coverage is calculated as earnings before interest and income taxes divided by the sum of interest expense and capitalized interest.
		The Company evaluates its performance using a variety of measures. As a non-GAAP measure, the earnings coverage ratio is intended to measure the Company's ability to meet its financial obligations. The earnings coverage ratio is not defined under US GAAP and, therefore, should not be considered in isolation or as an alternative to, or more meaningful than, earnings as determined in accordance with US GAAP as an indicator of the Company's financial performance or liquidity. This measure is not necessarily comparable to a similarly titled measure of another company.
		The Company’s interest requirements amounted to approximately $401 mil ion for the 12 month period ended December 31, 2021. The Company’s earnings, before interest and income taxes of $457 mil ion, were approximately $1,008 mil ion for the 12 month period ended December 31, 2021, which is 2.5 times the Company’s interest requirements for this period.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.