Chubu Electric Power Company,incorporated · TSE:9502

Chubu Electric Power Company,incorporated — 1H FY2014 Earnings Presentation

65 slides from Chubu Electric Power Company,incorporated's earnings presentation, November 2014

  1. Slide 1: Investors Meeting 1st Half FY 2014

    I Investors t M Meeting ti 1st Half H lf FY 2014 November 2014 November, Note: The Company's fiscal year (FY) is from April 1 to March 31of the following year. FY2014 represents the fiscal year begun on April 1, 2014, and ended on March 31, 2015. 1st Half (1H) represents six months period ended Sept

  2. Slide 2: Table of Contents

    Table of Contents I Outline of Financial Results for Six Six-Months Months Ended September 30, 2014 Summary of Financial Results <1> 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 1 Summary of Financial Results <2> 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 2 Electricity Sales Volume 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 3 Generated and Received Power 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 4 Non-consolidated Statements

  3. Slide 3: Outline of Financial Results for Six-Months Ended September 30, 2014

    I Outline of Financial Results for p Six-Months Ended September 30,, 2014 Note: We hereby announces a revision of this "Investors Meeting 1st Half FY 2014". We correct it as follows. follows (August 26,2015) 26 2015) Corrected parts Slide4 Generated and Received Power Change (A-B)/B correct incorrec

  4. Slide 4: Summary of Financial Results <1>

    Summary of Financial Results <1> 㻥1 [C [Consolidated] lid t d] -Operating revenues increased for five consecutive years since 1H of FY 2010. -We recorded an ordinary income and net income. (Th first (The fi t time ti ini four f years after ft 1H off FY2010) (Billion yen,%) 2014/1H 2013/1H Change (A)

  5. Slide 5: Summary of Financial Results <2>

    Summary of Financial Results <2> 㻥 2 < Main factors for year-on-year change in Consolidated ordinary income (loss) > -Positive factors - Influence of electricity rates increase +59.7 billion yen j - 2014/1H Fuel cost adjustment charge g +48.5 billion yyen -Negative factor - An increase in fuel price

  6. Slide 6: Electricity Sales Volume

    Electricity Sales Volume 3 <Demand from customers under regulation> -Electric lighting Dropped by 6.0% to 15.2TWh, compared with 2013/1H,due to a decrease in air conditioning demand by lower temperature in this summer and customer's power saving effect. -Electric Electric power Dropped by 6.8% to 2.

  7. Slide 7: Generated and Received Power

    Generated and Received Power 4 -Hydro Thanks to higher water flow, hydro power output increased by 0.2TWh. (flow rate for 2014/1H:93.5%, 2013/1H:88.6%) -Interchanged purchased Power Decreased by 11.5 -Interchanged, 5 TWh , due to an increase in supply of interchanged power to other power utilities.

  8. Slide 8: Non-consolidated Statements of Income <1>

    Non-consolidated Statements of Income <1> 5 (Billi yen, %) (Billion 2014/1H 2013/1H Change (A) (B) (A-B) (A-B)/B [Major factors for Change] Electricity sales revenues 1,261.6 1,167.6 93.9 8.0 -Influence of electricity rates increase 䠖+59.7 -2014/1H fuel cost adjustment Sold power to other electric c

  9. Slide 9: Non-consolidated Statements of Income <2>

    Non-consolidated Statements of Income <2> 6 (Billion yen, yen %) 2014/1H 2013/1H Change [Major factors for Change] (A) (B) (A-B) (A-B)/B Salaries and 90.8 94.8 (3.9) (4.2) - Thermal : +10.1 +10 1 employee l benefits b fi A decrease in consumption volume : -18.4 Fuel 631.1 620.9 10.1 1.6 An Increase

  10. Slide 10: Non-consolidated Statements of Income <3>

    Non-consolidated Statements of Income <3> 7 (Billion yen, %) [Major factors for Change] 2014/1H 2013/1H Change (A) (B) (A B) (A-B) (A B)/B (A-B)/B Electricity business 䠖+79.9 Operating income (loss) 63.8 (19.2) 83.1 Incidental business 䠖 + 3.2 Non-operating p g revenues 7.0 10.9 ((3.9)) ((35.7)) Non

  11. Slide 11: Consolidated Statements of Income

    Consolidated Statements of Income 8 (Billion yen, yen %) 2014/1H 2013/1H Changes (A) (B) (A-B) (A-B)/B Revenuees Electricity business 1,387.7 1,246.9 140.8 11.3 Other business 138.3 120.4 17.8 14.8 1,526.0 1,367.4 158.6 11.6 63.4 (13.9) 77.4 ʊ oome (loss) Electricity business Operating Other busines

  12. Slide 12: Segment Information

    Segment Information 9 (Billion yen,%) 2014/1H 2013/1H Changes (A) (B) (A-B) (A-B)/B Electricity y business 1,387.7 , 1,246.9 , 140.8 11.3 Other business 138.3 120.4 17.8 14.8 venues <Energy business> <54.0> <39.1> <14.9> <38.3> Rev <Other business> <84.2> <81.3> <2.8> <3.5> 1,526.0 1,367.4 158.6 11.

  13. Slide 13: Consolidated Financial Standing

    Consolidated Financial Standing 10 -Assets A Decreased D dbby 122 122.4 4 billi billion yen from f the h endd off FY2013 FY2013, because b off a decrease d in i noncurrent assets due d to progress in depreciation, and also a decrease in current assets due to a reduction in short-term investment. -Li

  14. Slide 14: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows 11 -Cash flows from operating activities. Increased by 142.9 billion yen from the previous year, mainly because electricity utility operating revenue increased due to the electricity rates increase and an increase in fuel cost adjustment charge. - Cash flows fro

  15. Slide 15: Summary of Forecast for FY 2014

    Summary of Forecast for FY 2014 12 1213 - Consolidated C lid t d (billion yen) FY 2014 forecast FY 2014 forecast Change (Current) (July 31) (A) (B) (A)-(B) Operating revenues 33,120.0 120 0 33,090.0 090 0 30 0 30.0 Operating income 75.0 75.0 Ordinary income 30.0 30.0 Net income 38.0 38.0 (billion ye

  16. Slide 16: Non-consolidated Forecast for FY 2014

    Non-consolidated Forecast for FY 2014 1213 (compared to FY 2013) (Billion yen) FY 2014 FY 2013 Change Forecast Result (A) (B) (A)-(B) Operating 2,900.0 2,638.2 approx. 262.0 revenues O Operating ti 2,840.0 2,715.4 approx. 125.0 expenses Operating 60.0 (77.2) approx. 137.0 income (loss) Ordinay 20.0

  17. Slide 17: The Policy on Shareholder Return

    The Policy on Shareholder Return 14 - Dividend Forecast - The Company has been endeavoring to improve profitability by implementing an electric rate hike and enhancing the company-wide management efficiency. However, taking into consideration the future fluctuations of profitability and the necessit

  18. Slide 18: Management Situation

    Management g Situation © 2014 Chubu Electric Power Co., Inc. All rights reserved.

  19. Slide 19: TEPCO and Chubu Electric Comprehensive Alliance <1>

    TEPCO and Chubu Electric to form Comprehensive Alliance <1>: Significance of the participation and MOU 15 Significance of the participation -Chubu Electric determined to participate in bidding for partnership with TEPCO for Comprehensive Alli Alliance, based b d on theth understanding d t di hhatt t

  20. Slide 20: TEPCO and Chubu Electric Comprehensive Alliance <2>

    TEPCO and Chubu Electric to form Comprehensive Alliance <2>: Scope and Effect 16 Fuel is not only LNG but also includes Coal and Oil ᲶScope of AllianceᲸ Fuell F Receipt R i t and d Thermall power Th TEPCO Upstream fuel procurement storage generation Transportation investment 25 million tons 4 termin

  21. Slide 21: Safety Measures at Hamaoka: Partial Review of Construction Works

    Safety Measures at Hamaoka Nuclear Power Station : Partial Review of the Construction Works for Safety Improvement 17 㻙With respect to the safety improvement measures for Unit 4 of the Hamaoka Nuclear Power Station, we will implement a partial review of the construction works based on the details of

  22. Slide 22: Electricity Supply & Demand <1>: Results for Summer FY 2014

    Electricity Supply & Demand <1>: 18 Results for Summer FY 2014 䕔Electric Power Demand Results for Summer FY 2014 Owing to - Many days when temperature is lower than the summer 2010 - the continuous efforts of many customers to conserve energy ĺPeak load (instantaneous peak load) fell by 2,570MW from

  23. Slide 23: Electricity Supply & Demand <2>: Outlook for Winter FY 2014

    Electricity Supply & Demand <2>: 19 Outlook for Winter FY 2014 ŠPeak load (three-day average) We estimate the peak load at 22,950MW, considering several factors including the actual peak load in winter 2013, effects of customers’ energy conservation, weather and economic condition. (We estimate the

  24. Slide 24: Outlook for Fuel Procurement in FY2014

    Outlook for Fuel Procurement in FY2014 20 - Outlook for fuel procurement (LNG) - After the suspension of all the units of Hamaoka Nuclear Power Station, the Company has increased the utilization of thermal power plants, mostly LNG, to compensate for the loss of power output by nuclear plants. -The C

  25. Slide 25: Fund Raising

    Fund Raising 21 - Progress of fund raising in FY2014 -We plan to raise approximately 150 billion yen in long-term funding in FY 2014. -We have raised approximately 60 billion yen by the end of the second quarter (end of September 2014). (Billion yen) others 80.0 Funding result bond 20.0 Fund to be r

  26. Slide 26: Reference Data

    Reference Data The New Regulatory Standards<1>: Outline of "the 䞉䞉䞉䞉䞉䞉䞉䞉 Electric Power System Reform <1>: Schedule of the Growth Business <1>: Sales Strategy 䞉䞉䞉䞉䞉䞉䞉䞉 48 22 䞉䞉䞉䞉䞉䞉䞉䞉 32 New Regulatory Standards" Electric Power System Reform Growth Business <2>: Promotion of the electricity The New R

  27. Slide 27: The New Regulatory Standards<1>: Outline

    The New Regulatory Standards<1>: 22 Outline of "the New Regulatory g y Standards" Compared to the former safety standards, the new regulatory standards have been strengthen the standards to prevent a severe accident, and newly added the standards to cope with a severe accident or a terrorist attack.

  28. Slide 28: The New Regulatory Standards <2>: Method for Review and Inspection

    The New Regulatory Standards <2>: Method for Conducting Review and Inspection After Enforcement of 23 the New Regulatory Standards (Image) - Application for compatibility check to New Regulatory Requirements, the effectiveness of the both hardware and software, software such as the design of facilit

  29. Slide 29: The New Regulatory Standards<3>: Influence of 40-years regulation

    The New Regulatory Standards<3>: 24 Influence of 40-years y regulation g < Article 43, Paragraph 3, Item 32 of the Law for the Regulations of Nuclear Source Material, Nuclear Fuel Material and Reactors> - The operation period of a power reactor shall be 40 years from the start of operation. When app

  30. Slide 30: Hamaoka Nuclear Power Station <1>: Submission of Applications

    Hamaoka Nuclear Power Station <1>: 25 Submission of Applications pp for Review of Compliance p with New Regulatory g y Standards - On February 14, 2014 , the company has submitted application document for change in reactor establishment permission, an application document for approval of constructio

  31. Slide 31: Hamaoka Nuclear Power Station <2>: Current Situation of Review

    Hamaoka Nuclear Power Station <2>: 26 Current Situation about Review of Compliance with New Regulatory Standards -New regulatory standards for the regulation of nuclear facilities (New Regulatory Standards) were enacted on July 8, 2013. - On February 14, 2014, the Company applied to the Nuclear Regu

  32. Slide 32: Hamaoka Nuclear Power Station <3>: Earthquake countermeasures

    Hamaoka Nuclear Power Station <3>: 27 =Design basis measures] Earthquake countermeasures 㻙 Taking into consideration elements of uncertainty, we have conducted an evaluation of seismic ground motion in relation to inland crustal earthquakes, interplate earthquakes and oceanic intraplate earthquakes,

  33. Slide 33: Hamaoka Nuclear Power Station <4>: Tsunami countermeasures

    Hamaoka Nuclear Power Station <4>: 28 [Design basis measures] Tsunami Tsunami-counter counter measures - We have conducted surveys and studies on factors causing huge tsunami, regarding interplate earthquakes, oceanic intraplate earthquakes, earthquakes crustal earthquakes produced by active faults,

  34. Slide 34: Hamaoka Nuclear Power Station<5>: Roadmap for Safety Improvement Works

    Hamaoka Nuclear Power Station<5>: 29 Roadmap p for Safety y Improvement p Works FY 2014 FY 2015 FY 2016 FY 2017 Tsunami countermeasures Reflecting designs for additional safety measures Severe accident countermeasures Reflecting designs for additional safety measures Unit 4 Earthquake countermeasure

  35. Slide 35: Hamaoka Nuclear Power Station <6>: Seawater inflow at Reactor No.5

    Hamaoka Nuclear Power Station <6>: 30 Seawater inflow via damaged tubes in the main condenser for Hamaoka Reactor No.5 Fact - On May 14, 2011, when preparing for cold shutdown after reactor No. 5 was suspended, a portion of the tubes in the main condenser, through which seawater flowed to cool steam

  36. Slide 36: Hamaoka Nuclear Power Station <7>: Reinforcement of disaster measures

    Hamaoka Nuclear Power Station <7>: 31 18 Reinforcement of disaster measures of Hamaoka Nuclear Power Station - Review and Strengthening of Nuclear Disaster Prevention System -In addition to construction of tsunami protection wall and other tangible measures, we will strengthen its disaster preventio

  37. Slide 37: Electric Power System Reform <1>: Schedule

    Electric Power System Reform <1> : 32 Schedule of the Electric Power System Reform - Schedule of the Electric Power System Reform schedule for implementing the schedule for enacted/submitting the bill measures 1st phase: Establishing the Organization for Nationwide In about 2015 Enacted on November

  38. Slide 38: Electric Power System Reform <2>: Smart Meter

    Electric Power System Reform <2> : Smart Meter 33 㻝㻡 - The introduction schedule of smart meters - Installation of smart meters has already been completed for our special high-voltage and high-voltage (500 kW and above) customers. - In the case of other high-voltage (less than 500kW) customers, we b

  39. Slide 39: Electricity Supply & Demand <1>: Outlook for Winter (January 2015) in Japan

    Electricity Supply & Demand <1>: Outlook of Electricity Supply and Demand for Winter (January 2015) in Japan 34 29 (GW) West Japan 100 6.7% 7.4% 8.0% 80 Hokkaido 5.1% 4 8% 4.8% 6.0% 60 4.0% 3.0% 3.0% 4.0% 40 (1.60) 2.0% 20 (0.77) (0.21) (0.77) (0.25) (0.46) 0 0.0% Chubu Kansai Hokuriku Chugoku Shiko

  40. Slide 40: Electricity Supply & Demand <2>: Strengthen Mutual Support

    Electricity Supply & Demand <2>: Strengthen Mutual 䠍 Support among power companies 35 䕔 Reinforcement of the FC (Frequency Converter) (Outline of the master plan interim report regarding strengthening inter-regional inter regional gridconnection, gridconnection etc. etc ) - To reinforce 900MW FC cap

  41. Slide 41: Electricity Supply & Demand <3>: Composition of Power Sources

    Electricity Supply & Demand <3>: Composition of Power Sources and Electric Power Output 36 - Composition of Power Sources (GW) 0 5 10 15 20 25 30 35 40 FY2010 12% 13% 41% 15% 19% FY2011 12% 13% 41% 15% 19% FY2012 11% 12% 43% 15% 19% FY2013 Ƃ37GWƃ 11% 13% 45% 12% 19% N l Nuclear C l Coal LNG Oil etc.

  42. Slide 42: Electricity Supply & Demand <4>: Trend of Large-lot demand

    Electricity Supply & Demand <4>: 㻥 37 Trend of Large Large-lot lot demand 㻙 Trend of Large-lot demand (Large-lot demand by industry; year-on-year change 䠅 FY2014 <1H> year on year change Ɔ%Ƈ year-on-year Electricity sales component rate volume Ɔ%Ƈ April May June July August September ƆGWhƇ Papers an

  43. Slide 43: Thermal Power Plants <1>: Development and Thermal Plant Bidding

    Thermal Power Plants <1>: Development of Thermal Power Plants 㻝㻡 and Thermal Plant Bidding 38 - Outline of development of LNG thermal power plants with enhanced efficiency 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (FY) 䕰Mar.-07: construction started 䕰Jul.-12: commercial o

  44. Slide 44: Thermal Power Plants <2>: Reinforcement Plan for LNG Handling Facilities

    Thermal Power Plants <2>: Reinforcement Plan for LNG 㻝㻢 Handlingg Facilities 39 - Supporting stable yet flexible LNG procurement 䐣Installation of new gas pipeline 䐟Additional LNG tanks & reinforcement to LNG 䐠 s o oof ggass 䐠Installation receiving dock Shin-Nagoya pipeline across Ise Bay 䐢Installati

  45. Slide 45: Fuel Procurement<1>: LNG Contracts

    Fuel Procurement<1>: LNG Contracts 40 - Principal LNG Contracts (1,000 t/year) Contract volume Projects / <delivery> Period of contract (approximate figure) Qatar1 Q 1 / <Ex-ship> E hi 1997 - 2021 ( (approx.25 25 years)) 4 000 4,000 Australia (extension) / <Ex-ship> 2009 - 2016 (approx.7 years) 500

  46. Slide 46: Fuel Procurement<2>: LNG Ship Charter

    Fuel Procurement<2>: LNG Ship Charter 41 39 ŠThree Contracts of LNG Ship Charter - Based on the FOB contract ( Gorgon, Ichthys, Wheatstone) , we concluded three contracts of LNG ship charter to enhance efficiency and flexibility of procurement by managing freight charge. 1st Ship (Seishu-maru) 2nd S

  47. Slide 47: Fuel Procurement<3>: Advancement of Coal Trading

    42 Fuel Procurement<3>: Advancement of Coal Trading 36 - Coal tradingg business -Chubu Electric and Electricite de France’s subsidiary EDFT each established 100% subsidiaries in Japan and started fuel trading business under partnership agreement in FY2008. -Effective in April, 2010, Chubu Energy Tra

  48. Slide 48: Fuel Procurement<4>: Acquisition of Interests in Energy Resources

    Fuel Procurement<4> 43 Acquisition of Interests in Energy Resources - Acquisition of upstream interests, etc.ೌ Cordova Embayment Integra ႩƷӕࢽཞඞƳƲ] (Shale gas) (Coal) Ichthys Project output capacity: Project output capacity: (LNG) Approx 3.3 million ton/year Approx 3.5 million ton/year in LNG (planne

  49. Slide 49: Fuel Procurement<5>: Results of FY2013

    Fuel Procurement<5> Results of FY2013 44 Others 3.0 Russia Canada 1.2 R ssia Russia 37 3.7 1.7 䠄䠂䠅 Australia 8.8 Africa 9.6 LNG Coal Australia (13 686 il ) (13.686mil.t) Indonesia Ტ10 31 i Უ Ტ10.531mil.tᲣ 49.2 Qatar 48.0 Asia 15.4 59.5 Gabon 4.0 Crude Vietnam Vi t 24.2 oil Indonesia Ტ380,000klᲣ 71.8

  50. Slide 50: Renewable Energy <1>: Feed-in Tariff Scheme

    Renewable Energy <1>䠖Feed-in Tariff Scheme 45 㻙 Basic framework of feed-in tariff scheme for renewable energy Operators of renewable energy power generation plants(FY 2013) Class FormȷCapacity Unit price Term Purchase Electric Supply Power Solar no less than 10kW 37.80yen for 20 years Wind less than

  51. Slide 51: Renewable Energy <2>: Our efforts toward Promotion

    Renewable Energy <2> : Our efforts toward Promotion 46 㻝㻡 - Details for promotion of renewable energy Output Detailed plans Operation commences (MW) Mega Solar Iida 1 FY 2010 Wind Solar Chubu Electric Mega Solar Taketoyo 7.5 FY 2011 S Mega Solar Shimizu 8 FY 2014 (Plan) (Phase1) FY 2009 Chubu Electr

  52. Slide 52: Renewable Energy <3>: Status of Renewable Energy Initiatives

    47 Renewable Energy <3> : Status of Renewable Energy Initiatives 㻝㻡 ŠStatus of Renewable Energy Initiatives (Chubu Electric Power Group) ƂContract demand (Solar, Wind)ƃ ƂThe number of contracts (Solar)ƃ (MW) FY2009 FY2010 FY2011 FY2012 FY2013 2,500 The number of contracts 92,000 128,000 178,000 237,

  53. Slide 53: Growth Business <1>: Sales Strategy

    Growth Business <1>: Sales Strategy 48 㻢 - Offers Off off energy solution l ti service i To respond to diversified and sophisticated customers’ needs, Chubu Electric and its group companies combine forces to offer solution service using advantages of both electricity and gas. - Offers of gas, LNG an

  54. Slide 54: Growth Business <2>: Acquisition of Shares of Diamond Power Corporation

    Growth Business <2>: Promotion of the electricity sales business in the 50Hz area of Japan 6 45 (Acquisition of Shares of Diamond Power Corporation) 49 - The Company has acquired shares of Diamond Power Corporation and jointly established a power generation company to promote the electricity sales b

  55. Slide 55: Growth Business <3>: Outline of Hitachinaka Generation Co., Inc.

    Growth Business <3>: Promotion of the electricity sales business in the 50Hz area of Japan 6 46 (Outline of Hitachinaka Generation Co., Inc.) 50 - To develop the electric generation business in the 50Hz area of Japan , on December 6, 2013, the Company, together with TEPCO established "Hitachinaka Ge

  56. Slide 56: Growth Business <4>: Overseas Business Deployment

    Growth Business <4>: Overseas Business Deployment 51 - Outline of overseas business Investment amount Output based on Chubu's stake* (approximate) At the 2Q FY2014 Cumulative total 100 billion yen Cumulative total 3,260 MW * represents Chubu's stake in total output of whole projects it participates

  57. Slide 57: Financial Results <1>: Fuel cost adjustment system and thermal fuel cost

    Financial Results <1> 52 Fuel cost adjustment system and thermal fuel cost <Diagram of impact of thermal fuel cost on the Fuel Cost Adjustment System> Ჶ້щ༓૰ᝲƷ༓૰ᝲᛦૢСࡇƴ‫ݣ‬Ƣǔࢨ᪪ಒဦ‫׋‬Ჸ Thermal fuel cost factored into the current ʻ‫ׅ‬ો‫ܭ‬ƷጢᡂLj້щ༓૰ᝲ revision Standard fuel price Fuel costs and fuel consumpti

  58. Slide 58: Financial Results <2>: Retirement Benefit Cost

    Financial Results <2> 53 Retirement Benefit Cost (Non-consolidated) (Non consolidated) 䕔Salaries and employee benefits (billion yenᲣ Year FY2013 (A) FY2012 (B) (A-B) M ajor factors for change Salaries and employee benefits 181.0 182.5 (1.4) Restated: Retirement benefit cost 10.2 2.9 7.3 Actuarial di

  59. Slide 59: Financial Results <3>: Cash Flow (Non-consolidated)

    Financial Results <3> Cash Flow (Non-consolidated) 54 (billion yen) 800.0 փಅCF Cash Flows from Operating Activities 608 9 608.9 ৲᝻CF Cash Flows from Investing Activities 600.0 563.4 548.6 556.9 523.6 FCF 522.2 402.6 424.1 420.1 400.0 426.0 333.8 376.7 270.0 214.4 200.0 276.8 181.3 229.0 237.4 146.0

  60. Slide 60: Financial Results <4>: Financial Ratios, Credit Ratings

    Financial Results <4> Financial Ratios, Credit Ratings 55 - Shareholders’ equity ratio - Debt - equity ratio 䠄Times䠅 35% 5 Non-Consolidated Non-Consolidated Consolidated Consolidated 30% 4 24.2Ჟ 25% ᲢConsolidatedᲣ 20% 3 22.0Ჟ Ჟ 2.7Times 2 7Times ᲢNon-ConsolidatedᲣ (Non-Consolidated) 15% 2 2.2Times 1

  61. Slide 61: Electricity Rates Increase <1>: Summary of Approval

    Electricity Rates Increase <1> 䠖 㻥56 Summary of Electricity Rates Increase Approval 㻙 On October 29, 2013, the Company applied to the Minister of Economy, Trade and Industry for permission to increase electricity rates for customers in the regulated sector by 4.95%. For deregulated sector, the compa

  62. Slide 62: Electricity Rates Increase <2>: Change in cost at time of revision

    Electricity Rates Increase <2> 䠖 㻥57 A change g in the cost at the time of the electricity y rate revision (billion yen) FuelȷPurchased Power Capital cost Maintenance Salaries and employee benefits other 2 500 0 2,500.0 Ტ57%Უ Ტ43%Უ Ტ27%Უ 2 000 0 2,000.0 Ტ26%Უ Ტ28%Უ Ტ33%Უ 562.0 1,393.8 935.2 503.4 52

  63. Slide 63: Electricity Rates Increase <3>: Principal figures for cost calculation

    Electricity Rates Increase <3> 䠖 Summary of Principal figures for 㻥 the cost calculation, Generated and Received Power 58 㻙 The Company forecasts electricity sales volume by taking into account customers' power saving efforts over the past year (year-on-year difference: -9.5TWh) 㻙 Regarding generate

  64. Slide 64: Electricity Rates Increase <4>: Efforts toward Management Efficiency

    Electricity Rates Increase <4>䠖 㻥59 Efforts toward Promotion of Management Efficiency - The Company has been implementing extensive cost reduction efforts to raise management efficiency since the suspension of all reactors at the Hamaoka Nuclear Power Station in May 2011. In April 2013, the Company

  65. Slide 65: DISCLAIMER

    DISCLAIMER This presentation Thi t ti contains t i assumptions ti andd forward-looking f d l ki statements t t t with ith respect to the financial conditions, and forecasts of the company, which are based on information currently available. These assumptions involve certain risks and uncertainties,

Chubu Electric Power — 1H FY2014 Earnings Presentation on 6ix