Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — Q1 FY2022 Earnings Presentation

30 slides from Tokyo Gas's earnings presentation, Jul 27, 2022

  1. Slide 1: FY2022 1Q Financial Results

    TSE:9531 FY2022 1Q Financial Results ended June, 2022 July 27, 2022 [Revised on August 9,2022]

  2. Slide 2: FY2022 Consolidated Financial Results

    01 FY2022 Consolidated Financial Results ended June, 2022 Note: Figures for FY2021 reflect the retrospective application of a change in accounting policies. Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  3. Slide 3: Highlights: Sales Up, Profit Up

    FY2022 1Q Consolidated Results (Apr. 1, 2021 – June 30, 2022) vs. FY2021 1Q 3 Highlights: Sales Up, Profit Up (+/- indicate impact on profit, billion yen) Net sales ＋208.8 Increase in city gas unit price due to resource costs adjustment, etc. Operating -175.7 Impact from the increase in crude oil pr

  4. Slide 4: City Gas sales volume and number of customers

    FY2022 1Q Consolidated Gas Sales Volume/ Number of Customers vs. FY2021 1Q 4 Number of customers(City Gas), LNG sales volume, City Gas sales volume: （ Unit： mil. ㎥） Average temperature 3,000 ＋82mil.㎥ (＋2.9%) 2,857 FY2022 1Q FY2021 1Q Change including temperature effect 2,775 Number of customers for

  5. Slide 5: Electricity sales volume and number of customers

    FY2022 1Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2021 1Q 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas Quarter (thousands) Cumulative (thousands) （ Unit：mil. kWh ） 3,090 3,014 2,934 +1,571mil. kWh 300 2,788 2,876 3,000 8,000 (+26.8%) 7,429 2,

  6. Slide 6: New Segments: FY2022 1Q Sales and Operating Profit by Segment

    【New Segments】 FY2022 1Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2021 1Q 6 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiaries) FY2022 1Q FY2021 1Q FY2022 1Q FY2021 1Q Results Results Change ％ Results Results Change ％ Energ

  7. Slide 7: New Segments: FY2022 1Q Ordinary Profit Analysis

    【 New Segments 】 FY2022 1Q Results : Ordinary Profit Analysis vs. FY2021 1Q 7 Energy  Increase in city gas gross margin +¥32.5 bn: solution Change in volume, etc. +2.3 (incl. change due to temp effect +2.6), ＋ sliding time lag effect +30.2 FY2022 Network (Net sales) ＋¥112.1 bn: Change in volume, et

  8. Slide 8: Former Segments: FY2022 1Q Sales and Operating Profit by Segment

    【 Former Segments 】 FY2022 1Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2021 1Q 8 (unit : billion yen) Revised in red on Aug 9th,2022 Segment Profit(Operating profit Net sales + Equity income/loss of subsidiaries) FY2022 1Q FY2021 1Q FY2022 1Q FY2021 1Q Results Results Cha

  9. Slide 9: Former Segments: FY2022 1Q Ordinary Profit Analysis

    【 Former Segments 】 FY2022 1Q Results: Ordinary Profit Analysis vs. FY2021 1Q 9  City Gas +¥24.8 bn Gas ・Increase in gross margin +¥34.7 bn: Change in volume, etc. ＋4.5 (incl. change due to +¥17.5bn temp effect +2.6), sliding time lag effect +30.2 (+123.3%) (Net sales) +¥115.8 bn: Change in volume

  10. Slide 10: FY2022 Full Year Forecast

    02 FY2022 Full Year Forecast Note: Figures for FY2021 reflect the retrospective application of a change in accounting policies. Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  11. Slide 11: Highlights: Sales Up, Profits Unchanged vs. Previous Forecast

    FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) 11 Highlights: Sales UP, Profits: Unchanged(vs. Previous Forecast) (+/- indicate impact on profit, billion yen) vs. Previous Forecast Net sales +418 Increase in city gas unit price due to resource costs adjustment, etc. Operating -418 Impac

  12. Slide 12: Forecast City Gas sales volume and customers

    FY2022 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers 12 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） VS. Previous Forecast Forecast Previous Change FY2021 Change Forecast Results 15,000 ＋244mil.㎥ (＋2.0%) including

  13. Slide 13: Forecast Electricity sales volume and customers

    FY2022 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers 13 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Cumulative (1,000s) VS. Previous Forecast 35,000 34,358 34,801 4,000 3,800 -443mil. kWh （As of Mar.2023 ） (-1.3%) 3,50

  14. Slide 14: New Segments: Full Year Forecast vs. Previous Forecast

    【New Segments】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. Previous Forecast 14 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiaries) FY2022 Previous FY2022 Previous Forecast Forecast Change ％ Forecast Forecast Ch

  15. Slide 15: New Segments: Forecast Ordinary Profit Analysis vs. Previous Forecast

    【 New Segments 】FY2022 Forecast: Ordinary Profit Analysis vs. Previous Forecast 15  Increase in city gas gross margin +¥2.8 bn: Energy Change in volume, etc. +9.2 (incl. change due to temp effect -0.4), solution sliding time lag effect -6.4 -¥12.6bn (Net sales) +¥226.1 bn: Change in volume, etc. +1

  16. Slide 16: New Segments: Full Year Forecast vs. FY2021 Results

    【New Segments】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2021 Results 16 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiaries) FY2022 FY2021 FY2022 FY2021 Forecast Results Change ％ Forecast Results Change ％ En

  17. Slide 17: New Segments: Forecast Ordinary Profit Analysis vs. FY2021

    【 New Segments 】FY2022 Forecast: Ordinary Profit Analysis vs. FY2021 Results 17  Increase in city gas gross margin +¥10.2 bn: Energy Change in volume, etc. +4.7 (incl. change due to temp effect +1.9), sliding time lag effect +14.9 solution (Net sales) +¥352.4 bn: Change in volume, etc. -24.6, slidi

  18. Slide 18: Factors for Changes from FY2021 Ordinary Profit

    FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) vs. FY2021 18 Factors for Changes from FY2021 Ordinary profit (billion yen) 21.3 26.9 -15.2 Sliding time lag effect Worsening of pension 9.0 actuarial differences Approx. -30.0 9.6 Increase in profit from Overseas 126.7 businesses Rising in

  19. Slide 19: FY2022 Uses of Cash Flow (Capex, Investments and Financing)

    FY2022 Uses of Cash Flow（Capex , Investments and financing） Previous (Unit: billion yen) FY2021 19 Forecast Main Items Change % Change ％ Forecast Results Capital Expenditure Energy solution 106.6 106.6 0 ー 67.9 38.7 56.9 Production facilities : 14.0 Other Production facilities, etc. ー City gas(exclu

  20. Slide 20: Key Indicators (Consolidated)

    Key Indicators (Consolidated) 20 (Unit: billion yen) FY2022 FY2021 FY2020 Forecast Results Results ※2 Total assets (a) 3,234.0 3,241.5 2,738.3 Shareholders’ equity (b) 1,323.0 1,251.7 1,153.8 Shareholders’ equity ratio (b)/(a) 40.9% 38.6% 42.1％ Interest-bearing debt (c) 1,329.0 1,220.5 1,065.9 D/E r

  21. Slide 21: Reference Materials

    03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  22. Slide 22: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 22 Impact of rising JCC（Japan Crude Cocktail Prices) by $1/bbl Impact on earnings (Unit: billion yen) 2Q 3Q 4Q Full year 2Q -0.1 -0.6 +0.9 +0.2 3Q ― -0.2 -1.0 -1.2 Period 4Q ― ― -0.1 -0.1 Full year -0.1 -0.8 -0.2 -1.1 Impact

  23. Slide 23: Crude oil price and Exchange rate

    Crude oil price・Exchange rate 23 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 120.00 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2022 FY2021 FY2020 Exchange rate (¥/$) 135.0 130.0 125.0 120.0 115.0 110.0 105.0 100.0 FY2022 FY2021 FY2020 Copyright© TOKYO GAS Co., Ltd. All

  24. Slide 24: Key Topics in FY2022 1Q: Business & financial topics

    Key Topics in FY2022 １Q (Excerpted from Press Releases) 24 Key topics of press releases issued in 1Q FY2022 (1) Business & financial topics (2) Nonfinancial ESG-related topics & related initiatives (1) Business & financial topics *1 *2 Press releases issued by Tokyo Gas Engineering Solutions Press r

  25. Slide 25: Key Topics in FY2022 1Q: Nonfinancial ESG topics

    Key Topics in FY2022 １Q (Excerpted from Press Releases) 25 Major related (2) Nonfinancial ESG topics *1 Press releases issued by Tokyo Gas Engineering Solutions materiality *2 Press releases issued by Tokyo Gas Network Transition to a holdings group structure Governance & compliance Selection as an

  26. Slide 26: ESG-related topics: Climate change

    Key Topics in FY2022 １Q (Excerpted from Press Releases) 26 ESG-related topics: Climate change Methanation is a technology for synthesizing methane, the primary component of city gas, by reacting hydrogen and CO 2. The existing technologies for manufacturing methane face diverse challenges regarding

  27. Slide 27: ESG-related topics: Governance

    Key Topics in FY2022 １Q (Excerpted from Press Releases) 27 ESG-related topics: Governance Partially modified from Compass Action Transition to a holdings group structure (Nov. 26, 2021) The Tokyo Gas Group transitioned to a holdings group structure as of April 2022 to become an organization that bri

  28. Slide 28: Overseas Projects

    Overseas Projects 28 9 1 2 4 5 7 3 6 8 Area No Country Subject Main Business Participation year Eagle Ford Upstream Shale gas 2016 TG Natural Resources Upstream Shale gas 2017 1 TGES America Downstream Energy Service 2015 U.S.A Birdsboro Power Plant Downstream Natural gas power 2017 North America Ak

  29. Slide 29: Changes in Disclosable Segments

    Changes in Disclosable Segments (mapping of key changes) 29 ・In accordance with our approach to accounting management, we changed our classifications for legally disclosable segments in order to better align them with management practices under the holdings-type group structure instituted in FY2022

  30. Slide 30: Cautionary Statement regarding Forward-looking Statements

    < Cautionary Statement regarding Forward‐looking Statements > Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies and beliefs, and other statements herein that are not expressions of historical fact are forward‐looking statements about the future per

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