Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — 9M FY2022 Earnings Presentation
23 slides from Chubu Electric Power Company,incorporated's earnings presentation, Jan 30, 2023
Slide 1: Presentation Materials for Nine-Months ended December 31, 2022
Presentation Materials for Nine-Months ended December 31, 2022 January 30, 2023
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Nine-Months ended December 31, 2022 Summary of Financial Results ･･･････････････01 Summary of Financial Results by Segments ･･･････････････04 Electrical Power Generation ･･･････････････08 [Reference] Image of Time Lag (Result) ･･･････････････09 Summary of Fo
Slide 3: Outline of Financial Results for Nine-Months ended December 31, 2022
Outline of Financial Results for Ⅰ Nine-Months ended December 31, 2022 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2022 represents the fiscal year begun on April 1, 2022, and ending on March 31, 2023. 3rd Quarter (3Q) represents nine months period ended
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 2,814.0 billion yen Operating revenues increased by 987.1 billion yen compared with 2021/3Q, mainly due to an increase in fuel cost adjustment charge (561.0 billion yen). ■ Ordinary income/loss: -27.8
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues increased by 987.1 billion yen) (Billion yen) 30,000 3,000.0 An increase in electrical energy sold to other companies, etc. Others 28,000 2,800.0 26,000 2,600.0 426.2 An increase
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income/loss> (Ordinary income/loss decreased by 22.7 billion yen) (Billion yen) 200 20.0 An expansion of time lag loss 00 -5.1 2021/3Q -27.8 △200 (20.0) Ordinary JERA Others Loss (Excluding time lag) approx. 2.
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2022/3Q 2021/3Q Change (A) (B) (A-B) (A-B)/B Miraiz 2,141.6 1,371.3 770.2 56.2 Power Grid 840.7 596.2 244.4 41.0 Other (*1) 625.0 604.1 20.9 3.5 Adjustment (793.3) (744.8) (48.5) - Total 2,814.0 1,826.8 987.1 54.0 [Or
Slide 8: Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income/loss> Ordinary income/loss increased by 38.5 billion yen compared with 2021/3Q, mainly due to an increase in fuel cost adjustment revenues etc. due to higher fuel prices, and a reduction in power
Slide 9: Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid <Factors contributing to change in Ordinary income/loss> Ordinary income/loss decreased by 4.2 billion yen compared with 2021/3Q, mainly due to a decrease in transmission revenue and an increase of supply and demand adjustment costs. (Billion
Slide 10: Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income/loss> Ordinary income/loss decreased by 59.4 billion yen compared with 2021/3Q, mainly due to an expansion of time lag loss in spite of an increase in income of LNG and coal trading. [Reference] Ord
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Decreased by 0.3 TWh since the flow rate was lower than 2021/3Q ■ Renewable energy Same as 2021/3Q (TWh,%) Change 2022/3Q 2021/3Q (A) (B) (A-B) (A-B)/B Hydro 6.8 7.1 (0.3) (3.7) <flow rate> <95.5> <103.9> <(8.4)
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) Loss Loss (105.0 billion yen) (199.0 billion yen) Elements of cost (fuel procurement) Elements of income (time lag from fuel procurement) 9 C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Slide 13: Summary of Forecast for FY2022 <1>
Summary of Forecast for FY2022 <1> <Forecast> (Consolidated) Forecast has been revised from the previous announcement made in October 28, 2022. Consolidated operating revenues: 4,000.0 billion yen (forecast) It’s expected to decrease by approx. 100.0 billion yen compared with the previous forecast,
Slide 14: Summary of Forecast for FY2022 <2> Principal Figures
Summary of Forecast for FY2022 <2> 【Principal Figures】 Competitive impacts in sales (approx. 0.2) <Electrical Energy Sold> An Impact of temperature and market, etc. (approx. 1.5) (TWh,%) Current October 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 103.5 105.2 (1.7) (1.6) Electrical Energy
Slide 15: Dividends
Dividends <Policy of Return to Shareholders> Chubu Electric Power will continue to invest in plants and equipments for a safe and stable supply of electricity as well as in growth sectors to maintain sustainable growth and increase our corporate value. Providing strong shareholder returns is an impo
Slide 16: [Reference] Image of Time Lag (Forecast)
[Reference] Image of Time Lag (Forecast) ○October 28 <(150.0 billion yen)> ○Current <(100.0 billion yen)> FY2022 FY2022 Loss Loss (150.0 billion yen) (100.0 billion yen) Elements of cost Elements of cost (fuel procurement) (fuel procurement) Elements of income Elements of income (time lag from fuel
Slide 17: Reference Data: Financial Results
Ⅱ Reference Data: Financial Results C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Slide 18: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2022/3Q 2021/3Q Change (A) (B) (A-B) (A-B)/B Operating revenues 2,814.0 1,826.8 987.1 54.0 Share of profit of entities accounted for using equity method - 2.4 (2.4) - Other 8.3 13.5 (5.2) (38.7) Nonoperating revenues 8.3 16.0 (7.6) (48.0) Ordinary re
Slide 19: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Dec. 31, 2022 Mar. 31, 2022 Change (A) (B) (A-B) <Major factors for change> Assets 6,502.9 6,174.7 328.2 Increase in cash and cash equivalents, etc. Liabilities 4,315.2 4,051.4 263.7 Increase in outstanding interest-bearing debt, etc. An increase in Net
Slide 20: Forecast for FY2022 by Segments
Forecast for FY2022 by Segments [Ordinary income/loss] (Billion yen, %) Change Current (A) October 28 (B) (A-B) (A-B)/B Miraiz 10.0 (35.0) approx. 45.0 - Power Grid (30.0) (60.0) approx. 30.0 (50.0) JERA 32.0 (118.0) approx. 150.0 - <ordinary income <132.0> <32.0> <approx. 100.0> <312.5> excluding t
Slide 21: Consolidated Financial Indicators etc.
Consolidated Financial Indicators etc. (%) Forecast for FY2025 [Medium-term FY2022 management plan] ROIC approx. 3.0 3.0 or more ROA approx. 3.0 - ROE approx. 7.0 approx. 7.0 *Figures excluding time lag (Billion yen) Forecast for FY2022-FY2025 2022/3Q [Medium-term FY2022 management plan] Strategic I
Slide 22: DISCLAIMER
DISCLAIMER The forecasts in this presentation are based on information available as of the date of this announcement was made, and also, assumptions as of the date of this announcement were made on uncertain factors that would affect future results. Actual results may materially differ by various ca
Slide 23: C o p y r i g h t © C h u b
C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Chubu Electric Power Company — 9M FY2022 Earnings Presentation on 6ix