Tokyo Gas Co., Ltd. · TSE:9531
Tokyo Gas — FY2019 Earnings Presentation
23 slides from Tokyo Gas's earnings presentation, Apr 28, 2020
Slide 1: FY2019 Financial Results ended March 31, 2020
TSE:9531 FY2019 Financial Results ended March 31, 2020 April 28, 2020 [Revised on November 5,2020] 0
Slide 2: 1. FY2019 Consolidated Financial Results
1. FY2019 Consolidated Financial Results ended March 31, 2020 1
Slide 3: FY2019 Consolidated Results
FY2019 Consolidated Results (Apr. 1, 2019 – Mar. 31, 2020 <vs. FY2018 Results> Highlights: Sales Down, Profit Down Revised in red on Nov 5th,2020 (+/- indicate impact on profit, billion yen) ・Net sales decreased ¥37.1bn to ¥1,925.2bn, mostly due to a decrease in city gas sales volume ・Net sales -37.
Slide 4: FY2019 Consolidated Gas Sales Volume / Number of Customers
FY2019 Consolidated Gas Sales Volume/ Number of Customers <vs. FY2018> City Gas sales volume： *Each value is rounded. -1,343mil.㎥ (-8.8%) (mil. ㎥) [including temperature effect +23mil.㎥, +0.2%] 16,000 ■Residential -116mil.㎥(-3.6%) [15,198] ●Temperature effect +69 mil.㎥ [13,855] 14,000 ●Number of day
Slide 5: FY2019 Consolidated Electricity Sales Volume / Number of Customers
FY2019 Consolidated Electricity Sales Volume/ Number of Customers <vs. FY2018> Electricity sales volume： New electricity retail customers won by Tokyo Gas +5,122mil. kWh (+ 33.1%) Exceeded the target, ■Retailing + 1,967 mil. kWh(+30.0%) 2.4 million(As of April 24, 2020) ■Wholesale etc. + 3,156 mil.
Slide 6: FY2019 Results: Sales and Operating Profit/Loss by Business Segments
FY2019 Results : Sales and Operating Profit/Loss by Business Segments ＜vs. FY2018 ＞ (unit : billion yen) Segment Profit Net sales (Operating profit + Equity income/loss of subsidiary) FY2019 FY2018 ％ FY2019 FY2018 ％ Results Results Change Results Results Change Gas 1,355.4 1,413.7 -58.3 -4.1 102.4 9
Slide 7: FY2019 Results: Ordinary Profit Analysis
FY2019 Results: Ordinary Profit Analysis <vs FY2018 Results> (Unit: billion yen) City gas +¥8.0bn Gas ・ Increase in gross margin +¥17.9bn: Change in sales volume: -¥26.9 (incl. change due to + ¥10.2bn temp. effect +¥5.0), sliding time lag effect +¥22.4, third-party access revenue +¥17.1, etc. (+11
Slide 8: FY2019 Uses of Cash Flow (Capex, Investment and financing)
FY2019 Uses of Cash Flow（Capex , Investment and financing） (Unit: billion yen) FY2019 FY2018 Main Items Change ％ Results Results Capital Expenditure Production facilities : 10.1（-8.5） Hitachi LNG terminal expansion, etc. Distribution facilities : 110.5（+10.0） Gas 166.3 156.7 +9.6 +6.1% Ibaraki Line
Slide 9: Key Indicators (Consolidated)
Key Indicators (Consolidated) (Unit: billion yen) FY2019 FY2018 Results Results Total assets (a) 2,537.7 2,428.1 Shareholders’ equity (b) 1,147.8 1,159.0 Shareholders’ equity ratio (b)/(a) 45.2% 47.7% Interest-bearing debt (c) 905.0 803.2 D/E ratio (c)/(b) 0.79 0.69 Profit attributable to owners of
Slide 10: Returns to Shareholders
Returns to Shareholders The FY 2020 – 2022 Medium-term Management Plan states that “Acquisition of treasury stock for retirement will be considered as one way of providing shareholder return in addition to dividends, and targets for total payout ratio (ratio of dividends on current consolidated net
Slide 11: 2. FY2020 Full Year Forecast
2. FY2020 Full Year Forecast 10
Slide 12: Regarding the FY2020 Forecast
Regarding the FY2020 Forecast Novel coronavirus infection has spread globally, and is having a huge impact on the domestic and overseas business environment. Regarding the impact on gas sales volume, which significantly influences income and expense plans, because of the meter reading dates, it
Slide 13: Impact of the COVID-19 outbreak
Impact of the COVID-19 outbreak Segment Contents • Possibility of restrictions on entry to customer’s homes or properties, and that periodic gas facility security inspections, and meter readings, replacements, and periodic inspections may not proceed as planned. • Possibility that additional costs m
Slide 14: Initiatives in Response to the COVID-19 outbreak
Initiatives in Response to the COVID-19 outbreak In response to the COVID-19 outbreak, the Tokyo Gas Group has established a task force (led by President Takashi Uchida), and the entire Group has joined together as one and has taken necessary measures based on the Business Continuity Plan (BCP) fr
Slide 15: Initiatives in Response to the COVID-19 outbreak
Initiatives in Response to the COVID-19 outbreak 2. Initiatives for Stable Energy Supply Contents Raw materials • Implementation of non-contact unloading when receiving raw materials from LNG and LPG ships. procurement <Avoiding contact> ‧ Shift employees are commuting using their private cars (manu
Slide 16: 3. Reference Materials
3. Reference Materials "TOKYO GAS
Slide 17: Crude oil price・Exchange rate
Crude oil price・Exchange rate＜vs. FY2018 ＞ Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 85.00 80.00 75.00 70.00 65.00 60.00 55.00 50.00 FY 19 FY 18 Exchange rate (¥/$) 115.0 110.0 105.0 100.0 FY 19 FY 18 16
Slide 18: Key Topics in FY2019-20 (Excerpted from Press Releases)
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) ・Tokyo Gas Group Initiatives in FY2019 to Achieve GPS2020 (Apr.10) ・Tokyo Gas Group Management Vision Compass2030 Providing energy and solutions to the future of our life, society and the earth (Nov. Management 27) Strategy ・To
Slide 19: Key Topics in FY2019-20 (Excerpted from Press Releases)
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) ◆ Engineering Service ・ Mitsui Fudosan and Tokyo Gas’s Nihonbashi Smart Energy Project comes on stream, that is Japan’s first stable delivering of heat and electric power to a district with existing buildings(Apr.15) ・TGES Awar
Slide 20: Key Topics in FY2019-20 (Excerpted from Press Releases)
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) ・Announcement of support for the Task Force on Climate-related Financial Disclosures (May.27) ・Tokyo Gas executes a Master Agreement with Shell Eastern Trading (Pte) Ltd.for the supply of carbon neutral LNG(Jun.18) ・ Tokyo Gas
Slide 21: Overseas Projects
Overseas Projects 1 4 2 3 5 6 7 Participation No Country Subject Main Business year ■Southeast Asia ■North America Downstream Upstream GAS MALASIA Bhd. 1992 Barnett 2013 City gas Shale gas ③ Malaysia GAS MALASIA ENERGY Downstream Upstream 2014 Eagle Ford 2016 ADVANCE Sdn.Bhd. Energy Service Shale ga
Slide 22: Trends in city gas/electricity switching, Number of customers for city gas retail
Trends in city gas/electricity switching(published data), Number of customers for city gas retail sales(Tokyo gas consolidated) Electricity switchers (based on applications) City gas switchers (based on applications) Monthly(1,000s) Cumulative(1,000s) Monthly(1,000s) Cumulative(1,000s) 500 18,000 18
Slide 23: 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