Shizuoka Gas Co. Ltd. · TSE:9543
Shizuoka Gas — FY2013 Earnings Presentation
22 slides from Shizuoka Gas's earnings presentation, Feb 14, 2014
Slide 1: Financial Results 2013 (January-December)
Financial Results 2013 (January-December) F e b r u a r y 1 4 , 2 0 1 4
Slide 2: Contents
Contents Ⅰ. Summary Financial Results … 13 Ⅱ. Mid-Term Strategy … 8 Ⅲ. Supplementary Information … 18 Disclaimer Forecasts are based on information available to the management when this was drafted. Actual financial results may significantly differ from these forecasts due to any unforeseen economic
Slide 3: Summary Financial Results
Ⅰ. Summary Financial Results
Slide 4: Volume of Gas Sold (Non-Consolidated)
Volume of Gas Sold (Non-Consolidated) ～ Year-on-year comparison ～ 98.3% 1,393 △24] [△ 1,369 Unit; Million m3(45MJ/m3) * Figures in [ ] are million m3 562 100.0% Wholesale • Almost same as the previous year [0] 562 • Newly developed demand [+5] Large-lot • Full operation through a whole year of Sale
Slide 5: Sales & Operating Profit Year-on-year comparison
Sales & Operating Profit ～ Year-on-year comparison ～ Sales Operating Profit Unit; ¥ Billion Unit; ¥ Billion 9.1 ＋ -1.8 153.4 7.9 144.3 6.0 2012 2013 2012 2013 ‹#› 5
Slide 6: Breakdown of Consolidated Operating Profit
Breakdown of Consolidated Operating Profit ～ Year-on-year comparison ～ Unit; ¥ Billion Sales 153.4 [+9.1] *[ ] denotes year-on-year change *Transactions between the consolidated companies are offset City Gas 132.5 [+7.7] Gross Profit 30.7 [-1.9] LPG 11.9 [+0.4] City Gas 26.5 [-1.9] Others 8.9 [+0.9]
Slide 7: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results Gas sales volume decreased by 1.7% year-on-year (Shizuoka Gas non-consolidated) to 1.369 billion m3. This was mainly due to the reduction of gas sales volume for existing Point 1 large-lot industrial customers despite the increase of gas sales volume for the
Slide 8: Mid-Term Strategy
— I. Mid-Term Strategy
Slide 9: Various Efforts for Further Growth
Various Efforts for Further Growth Development in an area of Gotemba and along areas of Shizuhama Trunkline (Western regions of Shizuoka Prefecture) (p.10) Natural Gas New development by LNG lorries To expand sales of ENEFARM (targeting 2,700 unit sales by 2016) Materialization of local power genera
Slide 10: Development along Shizuhama Trunkline and in Gotemba Area
Development along Shizuhama Trunkline Natural Gas and in Gotemba Area Shizuhama Trunkline Shizuhama Trunkline : Online between Shizuoka and Kakegawa in Jan. 2014 Minami Enshu Pipline : Start of wholesales in 2015 Start of supply to Gotemba area in Aug. 2014 Profile of pipeline areas Gotemba Area Shi
Slide 11: Materialization of Local Power Generation for Local Development Project
Materialization of Local Power Generation Integrated for Local Development Project Energy Set-up of Regional PPS (Power Producer and Supplier) Power distribution generated by various sources such as existing co-generation, newly developed co-generation with power supply, and renewables Development o
Slide 12: Development of 'T-Grid System'
Integrated Development of ‘T-Grid System’ Energy Construction of smart town with ‘T-Grid System’ Construction plan with Toray Construction Co. Ltd. at the eastern region of Shizuoka Prefecture Mixed smart town with condominiums and single-family houses (2 blocks of Condominiums: 100 units each, Sing
Slide 13: Projects for Local Revitalization
Projects for Local Revitalization Total Energy Project of Eco Life Square Good track record for co-generation Mishima Kiyozumi in the industrial sector Regional PPS Fuji-City, Shizuoka Prefecture, etc. Development of T-Grid System Construction of Smart town Regional supply system of heat & power Min
Slide 14: Target Sale of Gas in Volume (Non-consolidated)
Target Sale of Gas in Volume (Non-consolidated) Unit; Million m3 1,654 Average 1,592 Total sales increase volume 1,399 +6.5% 1,369 770 743 Average 562 575 Wholesale increase +11.1% Average Large-lot increase sale 642 658 681 711 +3.5% Average Small-lot increase sale 165 165 169 173 +1.7% 2013 2014 2
Slide 15: Forecast Sales & Operating Profit
Forecast Sales & Operating Profit Sales Operating Profit Unit; ¥ Billion Unit; ¥ Billion 187.9 8.5 178.1 7.3 164.8 6.0 153.4 5.3 2013 2014 2015 2016 2013 2014 2015 2016 2013 2014 2015 2016 Gross Profit Sensitivity -60 million E x c h a n g e r a t e （Yen/US$） 96.9 100 100 100 （+） 1 yen/$ yen C r u d
Slide 16: Assumption of Consolidated Operating Profit
Assumption of Consolidated Operating Profit ～ Year-on-year comparison ～ Unit; ¥ Billion Sales 164.8 [+11.4] *[ ] denotes year-on-year change *Transactions between the consolidated companies are offset City Gas 143.2 [+10.6] Gross Profit 33.0 [+2.3] LPG 12.2 [+0.3] City Gas 28.2 [+1.6] Others 9.3 [+0
Slide 17: Cash Flow & Capital Expenditure
Cash Flow & Capital Expenditure Operating cash flow Investing cash flow Unit; ¥ Billion 13.6 12.9 10.5 6.4 2013 2014 2013 2014 (plan) Capital Expenditure 8.1 8.7 D e p r e c i a t i o n 9.6 10.9 ‹#› 17
Slide 18: Supplementary Information
Ⅲ. Supplementary Information
Slide 19: Forecast Gas Sale (Non-Consolidated)
Forecast Gas Sale (Non-Consolidated) Unit; Million m3 2013 2014 2015 2016 Volume of sale 1,369 1,399 1,592 1,654 O w n s a l e 807 824 850 884 Residential 88 88 89 90 Commercial 68 68 69 71 I n d u s t r i a l 651 668 691 723 W h o l e s a l e 562 575 743 770 〈Large-lot sale （A part of “Own sale”）〉
Slide 20: Statement of Income
Statement of Income Unit; ¥ Billion 2013 2014 2015 2016 T o t a l S a l e s 153.4 164.8 178.1 187.9 Cost of sales 122.7 131.8 142.5 150.9 G r o s s p r o f i t 30.7 33.0 35.6 36.9 S a l e s a n d 24.6 27.7 28.2 28.4 administration expenses M a n p o w e r 9.9 10.1 10.3 10.8 Other expenses 8.4 10.0 1
Slide 21: Balance Sheet
Balance Sheet Unit; ¥ Billion 2013 2014 2015 2016 A s s e t s 115.7 117.2 114.9 111.5 Current assets 27.7 30.4 31.4 32.2 Fixed assets 88.0 86.8 83.4 79.2 Tangible/Intangible f i x e d a s s e t s 69.3 67.7 65.0 61.4 Investments and other a s s e t s 18.7 19.1 18.4 17.7 L i a b i l i t i e s 51.0 51.
Slide 22: Statement of Cash Flows & Capital Expenditure
Statement of Cash Flows & Capital Expenditure Unit; ¥ Billion 2013 2014 2015 2016 Operating cash flow 12.9 13.6 15.6 16.6 Inve sting c ash f lo w -6.4 -10.5 -7.3 -6.1 Financing cash flow -6.4 -3.2 -8.3 -10.4 Net increase in cash and 0.0 -0.0 -0.0 0.0 cash equivalents Capital expenditure 8.1 8.7 8.0