Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q2 FY2013 Earnings Presentation
61 slides from Chubu Electric Power Company,incorporated's earnings presentation, Nov 7, 2013
Slide 1: Second Quarter FY2013 Earnings Presentation
࠰ࡇᇹׄҞ ൿምᛟଢ˟૰ ࠰உ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 2: Contents
Ⴘ ഏ í࠰உᇹׄҞൿምಒᙲ îኺփཞඞ ൿምಒᙲĬ ȷȷȷȷȷȷ ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĬᲴ ȷȷȷȷ ӭೞƷૼᙹСؕแǛ៊LJƑƨᡙьݣሊƷܱ ൿምಒᙲĭ ȷȷȷȷȷȷ ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĭᲴ ᝤ٥ᩓщ ȷȷȷȷȷȷ ȷȷȷȷ ӭೞƷעᩗݣሊƷܱ ႆӖᩓᩓщ ȷȷȷȷȷȷ ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĮᲴ ̾Кӓૅൔ᠋ᘙĬ ȷȷȷȷ ȷȷȷȷȷȷ ܤμࣱӼɥݣሊʙƷᆉ ̾Кӓૅൔ᠋ᘙĭ ȷȷȷȷȷȷ ᩔዅĬᲵʻٰƷᩓщᩔዅܱጚ ȷȷȷȷ ̾Кӓૅൔ᠋ᘙĮ ȷȷȷȷȷȷ ᩔዅĭᲴʻϤ
Slide 3: Explanatory notes on fiscal periods
í ࠰உ ᇹׄҞൿምಒᙲ ᲢදᲣ ૰ϋƷž࠰ࡇſᘙᚡƸஉƔǒ፻࠰உLJưƷ᧓ǛਦƠLJƢŵ Ტ̊Ჴ࠰உƸž࠰ࡇſƱᘙᚡᲣ ૰ϋƷž3ſᘙᚡƸஉƔǒஉLJưƷ᧓ǛਦƠLJƢŵ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 4: Results overview 1
ൿምಒᙲĬ 㻥 Šᡲኽ ȷ٥ɥ᭗ᲢفᲣƸŴ࠰ࡇᇹׄҞˌᨀŴ࠰ᡲዓƷفӓ ȷ࠰ࡇᇹׄҞˌᨀŴ࠰ᡲዓƷኺࠝڂƓǑƼׄҞኝڂ ΕόᲦᲟ 3 3 فถ # $ #$ #$ $ ٥ɥ᭗ փಅႩ ţ ţ ኺࠝႩ ţ ţ ţ ׄҞኝႩ ţ ţ ţ Š̾К Εό Ჟ ΕόᲦᲟ 3 3 فถ # $ #$ #$ $ ٥ɥ᭗ փಅႩ փ Ⴉ ţ ţ ኺࠝႩ ţ ţ ţ ׄҞኝႩ ţ ţ ţ ŠɼᙲᜂΨ 3 3 فถ Ⴘ # $ #$ ᝤ٥ᩓщ ΕM9J ţ Ҿ%+(̖ D ţ ໝஆȬȸȈ ᴊᴵᴘᴈᴢᴶᴵᴐ ό èų࠰ࡇᇹׄҞƷҾ%+(̖Ƹᡮ͌
Slide 5: Results overview 2
ൿምಒᙲĭ ᲶЭ࠰ӷൔ᠋ ᡲኽኺࠝႩƷɼƳ٭ѣᙲ׆Ჸ ȷ༓૰̖Ʒɥଞ ţ ᲬᲭᲭΕό ȷ൦щႆᩓƷถݲ ൦щႆᩓƷถݲ ţ ᲯᲬΕό ȷƦƷ˂ ᲫᲱΕό ƂᡲኽኺࠝႩƷ٭ѣᙲ׆ƃ ᲢҥˮᲴΕόᲣ ༓૰̖ƷɥଞᲢ༓૰ᝲᲣ ţᲰᲯᲪΕό ኺࠝڂ ༓૰ᝲᛦૢ᫇ƷفьᲢᩓ໊ᩓщ૰ᲣᲥᲮᲫᲱΕό ţ ɼᙲᜂΨ ҥˮ όᲦD ໝ ஆ ᴲ ᴈ ᴜ ᲥᲬᲪ ᲱᲳăᲳᲳ ţ ༓૰̖Ʒɥଞ Ҿ % + ( ţ ᲰᲭ Ჰ Ჭ ᲫᲫᲮᲪăᲫᲪᲱᲱ ᲫᲫᲮ ᲪăᲫᲪᲱ Ჱ ኺࠝڂ ţᲬᲭᲭ Ј൦ྙ ᲳᲭ ᲱᲟ ᲲᲲ ᲰᲟ ᲳᲭᲱᲟăᲲᲲᲰᲟ ţ ţ ൦
Slide 6: Ordinary income analysis
ᝤ٥ᩓщ ᲶᙹСݣᝋᩔᙲᲸ Šᩓ໊ ራᩓƷܭბƳƲƔǒถݲƠ ΕM9J Šᩓщ ڎኖૠƷถݲƳƲƔǒ ถݲƠ ΕM9J ڎኖૠƷถݲƳƲƔǒถݲƠ Ჶᐯဌ҄ݣᝋᩔᙲᲸ ŠಅѦဇ Э࠰ӷɳLjƷ ΕM9J Šငಅဇ እငಅƷဃငถƳƲƔǒ ถݲƠ ΕM9J ΕM9JᲦᲟ 3 3 فถ # $ #$ #$ $ ᩓ໊ ţ ţ ᙹСݣᝋ ᩓщ ţ ţ ᩔᙲ ᚘ ţ ţ ಅѦဇ ᐯဌ҄ݣᝋ ငಅဇ˂ ţ ţ ᩔᙲ ᚘ ţ ţ ӳᚘ ţ ţ © 2013 Chubu Electric Power Co., Inc. All rights r
Slide 7: Ordinary income by factor
ႆӖᩓᩓщ Š൦щႆᩓ ญ൦ Ј൦ྙ 3Ჴ ƴǑǓŴΕM9Jถݲ Ŵ3Ჴ Š້щႆᩓ ɥᚡƴьƑŴᗡᡫȷ˂ᅈӖᩓƷถݲƳƲƴǑǓŴ ΕM9Jถݲ ΕM9J Ჟ ΕM9JᲦᲟ 3 3 فถ # $ #$ #$ $ ൦щ ţ ţ ţ ţ ᐯ ᲢЈ൦ྙᲣ ţ ້щ ţ ţ ᅈ Ҿ܇щ Ყ Ყ Ყ Ყ ᚨͳМဇྙ ᲢᲧᲣ ᲧᲣ ᲢᲧᲣ ૼǨȍȫǮȸ ųᗡᡫȷ˂ᅈӖᩓ˂ ų੬൦ဇ ţ ţ ţ ųӳᚘ ţ ţ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 8: Non-consolidated results 1
̾Кӓૅൔ᠋ᘙĬ ΕόᲦᲟ Εό Ჟ 3 3 فถ ɼƳفถᙲ׆ # $ #$ #$ $ ᩓ໊ᩓщ૰ ༓૰ᝲᛦૢ᫇ųᲥ ᝤ٥ᩓщ૰ ᝤ٥ᩓщ૰ȷ ţ ţ ţ ᧓࠘עᝤ٥ᩓщ૰Ʒถ ţ ᧓࠘עᝤ٥ᩓщ૰ ถ ᚠᡛӓႩሁ ϐǨȍཎਜ਼ඥʩ˄ ϐဃӧᏡǨȍȫǮȸƷᝰӕف ƦƷ˂ӓႩ ᩓൢʙಅփಅӓႩ ᧽࠘ʙಅփಅӓႩ Ǭǹ̓ዅʙಅƷف փಅӓႩᚘ ٥ɥ᭗ ΕόசЏǓਾƯ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 9: Non-consolidated results 2
̾Кӓૅൔ᠋ᘙĭ Εό Ჟ ΕόᲦᲟ 3 3 فถ ɼƳفถᙲ׆ # $ #$ #$ $ ᡚᎰዅɨųᲥ ʴˑᝲ ʴˑᝲ ᲢૠྸᚘምɥƷࠀီᲥᲣ ້щ༓૰ᝲųᲥ ༓૰ᝲ ᲢૠถţŴ༓૰̖ɥଞᲥDŽƔᲣ Ҿ܇щᴢ Ҿ܇щᴢᴶᴇᴐᴌᴵᴜᴶᝲဇ ᴇᴐᴌᴵᴜ ᝲဇ ţ ţ ţ ţ ទλᩓщ૰ȷᚠᡛ૰ሁ ϐဃӧᏡǨȍȫǮȸƷᝰӕف ̲ጣᝲ ţ ţ ້щţ ถ̖ΝҲᝲ πᅽπᛢ ţ ţ ϐǨȍཎਜ਼ඥኛ˄ ƦƷ˂ᝲဇ ᩓൢʙಅփಅᝲဇ ᧽࠘ʙಅփಅᝲဇ Ǭǹ̓ዅʙಅƷف փಅᝲဇᚘ ΕόசЏǓਾƯ © 2013 Chubu Electric Power Co., Inc.
Slide 10: Non-consolidated results 3
̾Кӓૅൔ᠋ᘙĮ ΕόᲦᲟ 3 3 فถ ɼƳفถᙲ׆ # $ #$ # $ #$ # $ $ փಅႩ ţ ţ Ყ փಅٳӓႩ փಅᝲٳဇ ኺ ኺࠝӓႩ ࠝ ኺࠝᝲဇ Ⴉ ţ ţ ţ Ყ ญ൦แͳ ţ ţ ţ Ყ ාޢҾ܇щႆᩓӭೞƴ᧙Ƣǔ ཎКМႩ Ყ ţ Ყ žҾ܇щႆᩓᢃ᠃ኳʕ᧙ᡲ࢘ࡽڂλ᫇ſ ඥʴᆋሁ ţ ţ Ყ ׄҞኝႩ ţ ţ ţ Ყ ΕόசЏǓਾƯ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 11: Full-year forecast
ᡲኽӓૅൔ᠋ᘙ ΕόᲦᲟ 3 3 فถ # $ #$ #$ $ ᩓ փಅӓႩᲢ٥ɥ᭗Უ ൢ ʙ փಅᝲဇ ಅ փಅႩ ţ ţ Ყ Ʀ փಅӓႩᲢ٥ɥ᭗Უ Ʒ ˂ փಅᝲဇ ʙ ಅ փಅႩ ţ ţ ӳ փಅӓႩᲢ٥ɥ᭗Უ փಅᝲဇ ᚘ փಅႩ ţ ţ Ყ փ փಅٳӓႩ ಅ ٳ փಅᝲٳဇ ኺࠝႩ ţ ţ ţ Ყ ญ൦แͳ ţ ţ ţ Ყ ཎКМႩ Ყ ţ ţ Ყ ඥʴᆋሁ ţ ţ Ყ ݲૠఇɼМႩӍƸڂᲢţᲣ ţ Ყ ׄҞኝႩ ţ ţ ţ ţ ţ ţ Ყ ϋᢿӕࡽႻൈෞӊࢸųųųųųųųųųųųųųųųųųųų ΕόசЏǓਾƯ © 2013 Chubu
Slide 12: Forecast sensitivity
ǻǰȡȳȈऴإ Εό 3 3 فถ # $ #$ ٳᢿ٥ɥ᭗ ᩓൢʙಅ փಅႩè ţ ţ ٳᢿ٥ɥ᭗ ųɶᩓ᧽࠘ ˟܇ᅈ ųǨȍȫǮȸʙಅ փಅႩè ţ ţ ţ ųɶᩓ᧽࠘ ţ ţ ţ ˟܇ᅈ ţ ţ Ტᴎᴶᴕᝤ٥ᲴɢVᲣ ٳᢿ٥ɥ᭗ ɶᩓ᧽࠘ ţ ţ ų˟܇ᅈ ųƦƷ˂ փಅႩè ɶᩓ᧽࠘ ţ ţ ų˟܇ᅈ ϋᢿӕࡽ ǻǰȡȳȈ᧓DŽƔ Ⴛൈෞӊ փಅႩ ţ ţ ٳᢿ٥ɥ᭗ ӳųųᚘ փಅႩ ţ ţ èӲʙಅƷփಅႩƸϋᢿӕࡽᲢǻǰȡȳȈ᧓DŽƔᲣႻൈෞӊЭ © 2013 Chubu Electric Power Co., Inc. All
Slide 13: Full-year forecast by item
ᡲኽᝠཞ७Ʒಒᙲ Εό Ε فถ # $ #$ # $ ዮင ţ ͺ ţ ኝင ţ ᐯࠁஜൔྙ ţ ஊМ܇ͺസ᭗ М ϋƸ̾К ΕόசЏǓਾƯ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 14: Cash flow and financial position
ᡲኽǭȣȃǷȥȕȭȸൔ᠋ᘙ Εό 3 3 فถ # $ #$ # $ փಅѣƴǑǔ ţ ǭȣȃǷȥȷȕȭȸ C ৲ѣƴǑǔ ţ ţ ǭȣȃǷȥȷȕȭȸ D ᝠѦѣƴǑǔ ţ ţ ţ ţ ǭȣȃǷȥȷȕȭȸ ȕȪȸȷǭȣȃǷȥȷ ţ ţ ţ ţ ȕȭȸ C D فถ # $ #$ ྵӏƼྵӷሁཋƷ ţ സ᭗ ΕόசЏǓਾƯ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 15: Forecast of full-year results
࠰ࡇ ಅጚᙸᡫƠƷಒᙲ 㻝㻜 =ᡲኽኺࠝႩƷɼƳ٭ѣᙲ?׆ ᲢΕόᲣ Šᡲኽ ᲢΕόᲣ ࠰ࡇʖे ࠰ࡇʖे ᝤ٥ᩓщƷف فถ Ქ ʻׅπᘙ πᘙ Ტ༓૰ᝲࠀࡽࢸᲣ # $ #$ ų٥ɥ᭗ ٥ɥ᭗ ۀᚠᝲƷفųƳƲ ţ ųփಅႩ ţ ţ ųኺࠝႩ ţ ţ ኺࠝႩǁƷࢨ᪪ Ü ų࢘ኝႩ ţ ţ Š̾К ᲢΕόᲣ ࠰ࡇʖे ࠰ࡇʖे فถ ʻׅπᘙ πᘙ # $ #$ ų٥ɥ᭗ ٥ɥ᭗ ųփಅႩ ţ ţ ųኺࠝႩ ţ ţ ų࢘ኝႩ ţ ţ ŠɼᙲᜂΨ ࠰ࡇʖे ࠰ࡇʖे فถ ٭ѣࢨ᪪᫇ ʻׅπᘙ πᘙ # $ #$ ᲢΕόᲣ
Slide 16: Forecast of full-year results
࠰ࡇ ̾КಅጚᙸᡫƠᲢ ݣЭᲣ 㻝㻜 Εό =ኺࠝႩƷɼƳ٭ѣᙲ?׆ ᲢΕόᲣ ࠰ࡇ ࠰ࡇ ᝤ٥ᩓщƷถ ʖे ܱጚ فถ ţ Ტ༓૰ᝲࠀࡽࢸᲣ # $ #$ ༓૰̖Ʒɥଞ ţ Ტ༓૰ᝲᛦૢ᫇ᎋॾࢸᲣ ٥ɥ᭗ ᆉࡇ ƦƷ˂Ტ൦щႆᩓƷถƳƲᲣ ţ փಅᝲဇ ᆉࡇ ᆉࡇ ኺࠝႩǁƷࢨ᪪ ţ փಅႩ ţ ţ ţᆉࡇ ኺࠝႩ ţ ţ ţᆉࡇ ࢘ኝႩ ţ ţ ţᆉࡇ ŠɼᙲᜂΨ ࠰ࡇ ࠰ࡇ فถ ʖे ܱጚ # $ #$ ᝤ٥ᩓщ ΕM9J ᆉࡇ ţᆉࡇ Ҿ%+(̖ D ᆉࡇ ţᆉࡇ ໝஆȬȸȈ ᴊᴵᴘᴈᴢᴶᴵᴐ ό ᆉࡇ ᆉࡇ Ҿ܇щМဇྙ ᲢᲟᲣ
Slide 17: Dividends
ᣐ࢘ʖे 㻥 ࠰உƷɶ᧓ᣐ࢘ƴƭƖLJƠƯƸŴӈƠƍኺփཞඞƳƲǛዮӳႎƴѥకƠƨኽௐŴ ٭ٻဎƠᚪƳƘ܍ơLJƢƕ ᙸᡛǒƤƯƍƨƩƖLJƠƨ ٭ٻဎƠᚪƳƘ܍ơLJƢƕŴᙸᡛǒƤƯƍƨƩƖLJƠƨŵ LJƨŴᣐ࢘ƴƭƖLJƠƯNjŴᙸᡛǒƤƯƍƨƩƘʖܭưƢŵ Šᣐ࢘ƷཞඞᲢ̾КᲣ ఇ࢘ƨǓᣐ࢘ ɶ᧓ ࠰᧓ ό Ცό ό ࠰ࡇ ᲢܱጚᲣ ᲢʖेᲣ ᲢʖेᲣ ࠰ࡇ ό ό ό © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 18: Management environment
î ኺփཞඞ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 19: Electricity system reform 1
䠘ᡭᣢ䛱䠚 ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĬᲴ ාޢҾ܇щႆᩓ㻟㻘㻠 ාޢҾ܇щႆᩓ㻟㻘㻠ӭೞƷᡙьݣሊƷಒᙲ ӭೞƷᡙьݣሊƷಒᙲ ӭೞƷૼᙹСؕแǛ៊LJƑƨᡙьݣሊƷܱ ŪᲢ࠰உଐπᘙᲣૼᙹСؕแƴᡮǍƔƴᢘӳƢǔƨNJƷ࣏ᙲƳࣖݣƱƠƯŴƜǕLJư ᐯɼႎƴӕǓኵǜưƖƨඬݣሊǍٻʙݣሊƷ˂ƴŴעᩗݣሊŴᇕࠇݣሊŴ້໎ݣሊ ƓǑƼٻʙ ƓǑƼٻʙǁƷࣖݣƱƠƯƷද൦ೞᏡࢍ҄ƳƲƷᡙьݣሊǛܱŵ ࣖݣƱ ද൦ೞᏡࢍ҄ƳƲ ᡙьݣሊǛܱ ĸዬ࣯ݣሊೞᏡࢍ҄ Ĺ̬ሥ
Slide 20: Electricity system reform 2
ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĭᲴ ӭೞƷעᩗݣሊƷܱ Ū Ტ࠰உଐπᘙᲣ᎑ᩗᚨᚘɥᙲƳᚨሁǛݣᝋƴŴɦᚡƷોᡯʙဇעᩗѣƓǑƼ ોᡯʙဇעࠢفᩗѣǛᚨܭƠƨƏƑưŴᣐሥȷᩓែǵȝȸȈሁƴƭƍƯʙǛܱŵ ӭೞ Ǭȫ ӭೞԗᡀƷ᧸ඬُǍӭೞӕ൦ሁ Ǭȫ ӭೞᲴǬȫŴӭೞԗᡀƷ᧸ඬُǍӭೞӕ൦ሁᲴǬȫ ોᡯʙဇעᩗѣᲢǬȫᲣǛဇƍ ǔʙ ોᡯʙဇעࠢفᩗѣᲢǬȫᲣǛ ᡯ ف Ტ Ǭ Უ ဇƍǔʙ עϋ᩿ᙀࢍʙ ӭೞ҅ͨ ᫋ᓸƳࠢفƕᙸǒǕƳƍᚇยໜ ᫋ᓸƳࠢفƕᙸǒǕƨᚇยໜ ᲢᬮඕฺƷעᩗƷП
Slide 21: Electricity system reform 3
ාޢҾ܇щႆᩓƴƓƚǔܤμݣሊĮᲴ ܤμࣱӼɥݣሊʙƷᆉ Ū ʻܱׅǛൿܭƠƨᡙьݣሊƴƭƍƯƸŴᚨᚘᡶǍʙཋሁǛѥకƠƯŴӭೞŴӭೞƷ ƴʙƴბƢǔŵ ƴʙƴბƢǔ Ū ྵئƷ˺ಅᠠሁƴǑǓʙ᧓ƕ࣏ᙲƳƜƱƔǒŴӭೞƸ࠰உŴӭೞƸ ࠰உƷܦǛႸƴᡶNJǔŵ Ū ྵܱנɶƷඬݣሊƓǑƼٻʙݣሊƴƭƍƯNjŴᡙьݣሊƷᚨᚘሁǛӒପƠŴᡙь ݣሊƷܦႸLJưƴʙǛኳƑǔʖܭŵ Ū ዬ࣯СࣂܴƳƲƷཎܭٻʙሁݣϼᚨƓǑƼӭೞƴƭƍƯƸŴࡽƖዓƖ౨᚛ǛᡶNJƯ
Slide 22: Supply and demand issues 1
ᩔዅĬᲴʻٰƷᩓщᩔዅܱጚ ŠʻٰƷᩔᙲܱጚ z࠰ɳLjƷཹǛɥׅǔൢᝋவˑƱƳƬƨNjƷƷŴٶƘƷƓܲƞLJƴǑǔራᩓƷƝңщŵ ąஇٻᩓщƸ࠰ܱጚǛɢM9ɦׅǓŴɢM9ƱƳƬƨŵ Ŵ இٻଐרᩓщ ࠀ #$ ࠀƷϋᚪ ࠰உ # ࠰உ $ ųųራᩓјௐų ţɢM9ᆉࡇ ɢM9 ɢM9 ţɢM9 ųųൢᝋࢨ᪪ ɢM9ᆉࡇ ųųൢࢨ᪪ሁ ţɢM9ᆉࡇ Š̓ዅщ z࠰உƴɥឭ້щႆᩓӭᲢЈщᲴɢM9Უƕփಅᢃ᠃ڼŵ z̓ዅ˷щƷርϋưᩓщᩔዅƕӈƠƍ᧙ᙱᩓщƓǑƼʋ߸ᩓщƷᙲᛪƴݣƠƯ ̓ዅ˷щ ርϋ ᩓщᩔዅƕӈ ᧙ ᩓщƓǑƼʋ߸ᩓщ ᙲᛪƴݣ
Slide 23: Supply and demand issues 2
ᩔዅĭᲴʻϤƷᩓщᩔዅᙸᡫƠ ŠஇٻᩓщᲢஇٻଐרᩓщᲣ z࠰ࡇϤܱܓጚ͌ƴŴƓܲƞLJƷራᩓǍൢᝋȷൢࢨ᪪ሁƷࠀЎǛԃLjŴ ɢM9Ʊेܭŵ ᲢራᩓјௐƸŴʻٰƷራᩓܱጚǍǢȳDZȸȈᛦ௹ሁƷኽௐƴؕƮƖɢM9ᆉࡇƱᙸᡂljŵᲣ Š̓ዅщ zɶᢿ؏עƷ̓ܭܤዅƴ࣏ᙲƳ̓ዅщǛᄩ̬ƠƨƏƑưŴᩔዅƻƬᡐƕᙸᡂLJǕǔ˂ᩓщ˟ᅈƷᙲᛪǛӖƚƯ ɢM9Ʊेܭŵ ܱƢǔଐଷ᧓࠘ɢM9ᆉࡇƷࣖੲᗡᡫǛᙸᡂLjŴ ą᧓ǛᡫƠƯ ̓ܭܤዅǛᄩ̬ưƖǔᙸᡫƠ ą᧓ǛᡫƠƯŴ̓ܭܤዅǛᄩ̬ưƖǔᙸᡫƠ ࠰ࡇϤܱܓጚƱƷࠀ ራᩓјௐƷถݲƴǑǔف ኖɢM9 ൢ
Slide 24: Fuel procurement and use
༓૰ᛦᢋᙸᡫƠ Š༓૰ᛦᢋƷᙸᡫƠᲢ᳆᳁Უ zාޢҾ܇щႆᩓͣഥˌᨀŴҾ܇щႆᩓƷถݲЎƷٶƘǛ.0)້щưˊஆŵ zᩔዅཞඞƴNjǑǔƕŴ࠰ࡇƴƭƍƯƸŴ࠰ࡇŴ࠰ࡇƱӷ൦แƷᙲƕ ࣏ᙲƱƳƬƨئӳưNjŴࣖݣӧᏡƳǑƏƴ٥ɼƱʩฏǛڼƠƯƓǓŴᙲǛᄩ̬ưƖǔ ᙸᡫƠŵ ᲢӋᎋᲣ᳆᳁ƷᛦᢋܱጚƴƭƍƯ ᲢɢVᲣ ᳸ ᲢᙸᡫƠᲣ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 25: Power generation and plant status
ᛦᢋܱጚƓǑƼᛦᢋᚘဒƴƭƍƯ Š࠰ࡇƷᛦᢋᚘဒƱᛦᢋཞඞƴƭƍƯ Ū࠰ࡇƷᧈƷᛦᢋᚘဒƸŴΕόᆉࡇ ŪƳƓŴᇹᲬׄҞ Ჳஉ LJưƴŴᲲΕόᆉࡇƷᛦᢋǛܱ ᲢΕόᲣ ƦƷ˂ ᲫᲦᲯᲰᲪ ᅈͺųᲬᲪᲪ ᛦᢋܱጚ ɤ࠴ʙᘍ ᲯᲦᲬᲪ ᆉࡇ ᲬᲦᲯᲪᲪ ƦƷ˂ųᲯᲪᲪ ᅈͺųᲬᲪᲪ ᛦᢋฎ ɤ࠴ʙᘍ ᆉࡇ ଐஜሊ৲ᘍ ᲰᲪᲪ ᲫᲦᲪᲪᲪ ଐஜሊ৲ᘍ ᲪᲪ ࠰ࡇ ࠰ࡇ ᛦᢋܱጚ ᛦᢋཞඞ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 26: Management efficiency
࠰ࡇ ኺփјྙ҄ƷӕǓኵLjƴƭƍƯ 㻝㻜 Š࠰ࡇኺփјྙ҄᫇ ᲢΕόᲣ ࠰ࡇ Ⴘ ࠰ࡇ ϋܾ ᲢӋᎋᲣ Ƃᚨͳ৲ƃ ȷʙƷܱŴርŴඥሁƷᙸႺƠ ৲ƷЪถ ᆉࡇ ȷೞȷࢫѦᛦᢋdzǹȈƷЪถ ᆉࡇ Ƃෙٳ৲ƃ ȷૼᙹ৲Ʒӈᢠ ȷʙƷܱŴርŴඥሁƷᙸႺƠ ̲ጣᝲ ȷೞȷࢫѦᛦᢋdzǹȈƷЪถ ȷǰȫȸȗ˟ᅈƱɟ˳ƱƳƬƨјྙ҄ ȷ࠼إȷᝤ٥ѣǍᄂᆮႆȷǷǹȆȠႆƳƲƷϋܾȷ ᝲ ᜂኺᝲ ųᙹƷᙸႺƠ ဇ Ʒ Ъ ȷኺฎႎƳ༓૰ᛦᢋᲢ.0)Ʒ̖ܤƳᛦᢋᲣ ༓૰ᝲ ถ ȷ້щ༓૰ᝲƷЪถ ȷចɨƷЪถ ʴˑᝲ ȷ᧓ٳіƷЪถ
Slide 27: Initiatives for management efficiency
ᩓൢ૰Ʒ͌ɥƛဎᛪƷಒᙲ 㻥 Ū ࠰உଐƴŴ࠰உଐƔǒᙹСᢿᧉưƷ͌ɥƛǛኺฎငಅٻᐫƴ ࠰உଐƴ ࠰உଐƔǒᙹСᢿᧉư Ʒ͌ɥƛǛኺฎငಅٻᐫƴ ဎᛪᲢᲢᐯဌ҄ᢿᧉƸᲣ Ū ʻࢸŴဎᛪҾ̖ƴጢǓᡂǜƩኺփјྙ҄ƷӕǓኵLjǛბܱƴܱƠŴଔƴӓႩؕႴƷ ϐನሰǛǔ Ƃ Ҿ̖ምܭƷɼᙲᜂΨ ƃ ʻׅ Эׅ فถ ᳸ר $ #$ ᝤ٥ᩓщ ΕM9J ţ Ҿ̖ DᲣ ໝஆȬȸȈ ό ţ Ҿ܇щМဇྙ ţ ᳸ӭೞМဇྙᲣ ţ ʙಅإᣛྙ ţ ኺᝲݣᝋʴՃ ʴ ųȷҾ̖ȷໝஆȬȸȈƸႺᡈȶஉƷତወᚘ̖Ტ࠰᳸உƷ͌רᲣǛӋༀ ųȷ
Slide 28: Reference data
䊢 ཧ⪃䝕䞊䝍 ૼᙹСؕแĬᲴૼᙹСؕแƷಒᙲ ȷȷȷȷȷȷ ༓૰ᛦᢋĬᲴ.0)ڎኖƷཞඞ ȷȷȷȷȷȷ ૼᙹСؕแĭᲴૼᙹСؕแᘍࢸƷݙ௹ȷ ༓૰ᛦᢋĭᲴ.0)ᑔܭͶᑔڎኖƷಒᙲ ȷȷȷȷȷȷ ȷȷȷȷȷȷ ųųųųųųųųųųųųų౨᚛ƷᡶNJ૾ᲢǤȡȸǸᲣ ༓૰ᛦᢋĮᲴჽ໗ȈȬȸȇǣȳǰƷਖ਼ᡶ ȷȷȷȷȷȷ ૼᙹСؕแĮᲴ࠰ᙹСƷࢨ᪪ ȷȷȷȷȷȷ ༓૰ᛦᢋįᲴǨȍȫǮȸเƷೌႩӕࢽ ȷȷȷȷȷȷ ාޢҾ܇щႆᩓĬ ٻʙݣሊ ාޢҾ܇щႆᩓĬᲴٻʙݣሊ ȷȷȷȷȷȷ ༓૰ᛦᢋİᲴ༓૰ᛦᢋƷཞඞᲢ࠰ࡇᲣ ȷȷȷȷȷȷ ųųųų
Slide 29: Company overview
ૼᙹСؕแĬᲴૼᙹСؕแƷಒᙲ ЈᲴҾ܇щᙹСۀՃ˟૰Ტ࠰உᲣ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 30: Demand and supply outlook
ૼᙹСؕแĭᲴ ૼᙹСؕแᘍࢸƷݙ௹ȷ౨௹ƷᡶNJ૾ᲢǤȡȸǸᲣ ૼᙹСؕแᘍࢸƷݙ௹ ౨௹ƷᡶNJ૾ᲢǤȡ ǸᲣ ŪૼᙹСؕแǁƷᢘӳࣱƴ̞ǔဎᛪưƸŴᚨͳƷᚨᚘǍᢃ᠃ሥྸ˳СሁŴȏȸȉȷǽȕȈ ŪૼᙹСؕแǁƷᢘӳࣱƴ̞ǔဎᛪưƸ ᚨͳƷᚨᚘǍᢃ᠃ሥྸ˳Сሁ ȏ ȉ ǽȕȈ Ʒɲ᩿ƷܱјࣱǛɟ˳ႎƴݙ௹ƢǔƜƱƱƠŴᚨፗᚩӧŴʙᚘဒᛐӧŴ̬ܭᙹܤᛐӧ ƴƭƍƯŴʙಅᎍƔǒӷƴဎᛪǛӖƚ˄ƚŴӷɳᘍႎƴݙ௹Ǜܱŵ ƂૼᙹСؕแǁƷᢘӳࣱƴ̞ǔဎᛪƃ ឪѣ ʙ ಅ ɟ ᎍ ᚨፗ٭ᚩӧ ˳ ౨ ౨௹ ౨௹ ௹ Ɣ ʙᚘဒᛐӧ ݙ ឪѣЭ ឪѣࢸ Ʒ ǒ
Slide 31: Demand trends
ૼᙹСؕแĮᲴ ࠰ᙹСǁƷࣖݣ ᲶҾ܇໐ሁᙹСඥ ᇹவƷƷᲸ Ū ႆᩓဇҾ܇໐Ǜᢃ᠃ưƖǔ᧓ǛŴᢃ᠃ڼƔǒ࠰ƱƠŴƦƷʕLJưƴᛐӧǛ ႆᩓဇҾ܇໐Ǜᢃ᠃ưƖǔ᧓Ǜ ᢃ᠃ڼƔǒ࠰ƱƠ ƦƷʕLJưƴᛐӧǛ ӖƚƨئӳƴƸŴׅƴᨂǓࡨᧈƢǔƜƱǛᛐNJǔŵ Ū ࡨᧈᨂƷɥᨂƸ࠰ǛឬƑƳƍ᧓ǛˋưܭNJǔŵ Š࢘ᅈҾ܇щƷཞඞ ࢘ᅈƷҾ܇щƸŴኺ࠰ƷݲƳƍNjƷƕٶƍƨNJŴஇNjᚨ࠰ഏƷӞƍාޢӭೞưNj ኺ࠰࠰ǛᡇƑǔƷƸᲬᲪᲬᲱ࠰ưƋǓŴƦǕLJưƴࣖݣǛ౨᚛ƠƯƍƘƜƱƱƳǔŵ ᲬᲪᲫᲭ࠰உ ЈщᲢɢ᳥᳑Უ ᢃ᠃ڼଐ ƴ
Slide 32: Market initiatives
ාޢҾ܇щႆᩓĬᲴ ٻʙݣሊᲢȕǣȫǿșȳȈᚨͳƷᚨፗᲣ ્ࣱݧཋឋƷᙹٻƳ્ЈƷ᧸ഥݣሊ Ūኛܾ֥Ʒᄊ᧸ഥƷƨNJኛܾ֥șȳȈƕ࣏ᙲƱƳǔŵƜƷᨥƴቩ܇ཞƷ્ࣱݧཋឋ ᲢǻǷǦȠሁᲣƷ્ЈǛ˯ถƠƯעםƷ൲௨Ǜ᧸ഥƢǔƨNJŴȕǣȫǿșȳȈᚨͳǛᚨፗƢǔŵ ŪƜǕƴǑǓŴቩ܇ཞ્ࣱݧཋឋƷ્ЈǛˌɦƴ৮ƑǔƜƱƕưƖǔŵ ኛܾ֥Ʒᄊ᧸ഥݣሊ Ūኛܾ֥ƷןщǛถןƠŴᢅןƴǑǔᄊǛ᧸ഥƢǔŵ ݣሊܦʕႸᲴ࠰உᲢӭೞᲣŴ࠰உᲢӭೞᲣ ȕǣȫ © 2013 Chubu Electric Power Co
Slide 33: Hamaoka nuclear power station
ාޢҾ܇щႆᩓĭᲴ ӭೞ ɼࣄ൦֥ኬሥͻƴǑǔෙ൦්λ ⤒ ⦋ z࠰உଐŴӭೞƷҾ܇໐ͣഥࢸŴϬภͣഥƴӼƚદ˺ǛܱɶŴᔕൢϬҲဇƷෙ൦ƕ්Ǖǔ ࠰உଐŴӭೞƷҾ܇໐ͣഥࢸŴϬภͣഥƴӼƚદ˺ǛܱɶŴᔕൢϬҲဇƷෙ൦ƕ්Ǖǔ ɼࣄ൦֥ϋƷኬሥƕɟᢿͻŵɼࣄ൦֥ƴȈȳŴҾ܇໐ƴȈȳƷෙ൦ƕ්λƢǔʙᝋƕႆဃŵ タഛ䜈䛾ᙳ㡪ㄪᰝ≧ἣ 㡪 zෙ൦්λؾǛϐྵƠƨલᚾ᬴ƓǑƼŴܱೞƷЎᚐȷ્ໜ౨ሁƴǑǔೞ֥ƷᏵࢨ᪪ᛦ௹Ǜܱɶŵ zƜǕLJưƷໜ౨ཞඞƸˌɦƷƱƓǓŵ ȷҾ܇໐ןщܾ֥ƷϋࢌǓƳƲưᏵሁǛᄩᛐƠƨƕŴྵנƷཞ७ƴƓƚǔҾ܇໐Ɠ
Slide 34: Nuclear safety measures
ාޢҾ܇щႆᩓĮᲴ᧸໎ݣሊƷࢍ҄ƴƭƍƯ Š Ҿ܇щ᧸໎˳СƷᙸႺƠȷࢍ҄ z ᧸ඬُƷᚨፗƳƲƷȏȸȉ᩿ƷݣሊƴьƑŴǽȕȈ᩿ ƷݣሊƱƠƯŴɢƕɟŴҾ܇щ໎ܹƕႆဃƠƨئӳƴ NjŴଔƴʙ७ǛӓளƢǔƨNJƴŴǰȫȸȗ˟ᅈNjԃ NJƨ᧸໎˳СǛࢍ҄Ƣǔŵ z עᩗ עᩗȷඬǛឪ׆ƱƠƨҾ܇щ໎ܹƴࣖݣƢǔƨNJ ඬǛឪ׆ƱƠƨҾ܇щ໎ܹƴࣖݣƢǔƨNJŴ ᏋȷጀȷƷΪܱǛǓŴ໎ܹࣖݣᏡщƷ ӼɥǛǔŵ Š ᧸໎ೞƓǑƼᚨͳƷૢͳȷࢍ҄ ᲶᅈϋጀᲸ ႆᩓನϋƷᲯᲪɢ᳐ưŴᡚᢤƢǔྵ˺ئ
Slide 35: Power system reform overview
ᩓщǷǹȆȠો᪃ĬᲴᩓщǷǹȆȠો᪃Ʒᆉ Ū࠰ᡫࠝ˟ ᩓൢʙಅඥોദకƕ੩ЈƞǕǔNjࡑక Ū࠰ᅸƷᐮ˟ ඥకϐ੩Ј ᲢӋᎋᲣᩓൢʙಅඥોദకᲢ࠰உଐ ᧚ᜭൿܭᲣ ܱ ඥక੩Ј ஜ࠰ᡫࠝ˟ƴඥక੩ЈŴࡑకŵ ƂᇹᲫെ᨞ƃ ᅸƷᐮ˟ƴϐࡇ੩Ј ࠰ǛႸᡦƴᚨᇌ ų࠼؏ႎᢃփਖ਼ᡶೞ᧙Ʒᚨᇌ ࠼؏ႎᢃփਖ਼ᡶೞ᧙ ᚨᇌ Ტᇹ െ᨞ ᇹ െ᨞ ો ƴ ᲢᇹᲬെ᨞ŴᇹᲭെ᨞Ʒોദƴƭ ƍƯƷȗȭǰȩȠᙹܭǛፗƘᲣ ƂᇹᲬെ᨞ƃ ࠰ǛႸᡦƴܱ ࠰ᡫࠝ˟ƴඥక੩Ј ųᩓൢƷݱ٥ಅǁƷӋλƷμ᩿ᐯဌ҄ ƂᇹᲭെ᨞ƃ ųඥႎЎᩉƴǑǔᡛᣐᩓᢿᧉƷɶᇌࣱ ඥႎ
Slide 36: Smart meter initiative
ᩓщǷǹȆȠો᪃ĭᲴǹȞȸȈȡȸǿȸ 㻝㻡 ŠǹȞȸȈȡȸǿȸݰλǛ߹ǔƷᜭᛯѣӼ ŠǹȞ Ȉȡ ǿ ݰλǛ߹ǔƷᜭᛯѣӼ žǨȍȫǮȸؕஜᚘဒſ ž᩿࢘ƷǨȍȫǮȸᩔዅܭܤሊſ Ტ࠰உଐ᧚ᜭൿܭᲣ (࠰உଐ᧚ᜭൿܭᲣ ᝲဇݣјௐሁǛҗЎᎋॾƠƭƭŴ࠰ˊƷ ᝲဇݣјௐሁǛҗЎᎋॾƠƭƭ ࠰ˊƷ ࠰ˊƴҾЩμৎݰλƱƠƯƍƨႸǛ ӧᏡƳᨂǓଔƍƴŴҾЩμƯƷᩔᙲܼƴ Э͂ƠŴʻࢸᲯ࠰ˌϋƴዮᩔᙲƷ8лǛǹȞȸȈ ǹȞȸȈȡȸǿȸƷݰλǛႸਦƢŵ ȡȸǿȸ҄Ƣǔŵ ŠǹȞȸȈȡȸǿȸݰλᚘဒ ž࠰ࡇƴዮᩔᙲƷᲲлǛǹȞȸȈȡȸǿȸ҄Ƣǔſ
Slide 37: Power supply and demand outlook
ᩔዅĬᲴμƷᩓщᩔዅᙸᡫƠᲢஉᲣ (GW) ᙱଐஜ 100 10.0% ᾏ㐨 80 8 0% 8.0% 60 6.0% 40 4.0% (1.30) 20 (0.96) (0.47) 2.0% (0.78) (0.29) 0 (0.33) 0.0% ɶᢿ ᧙ᙱ ҅ᨕ ɶ ׄ ʋ߸ ᙱᅈ இٻᩓщ ̓ዅщ ʖͳྙᲢӫ᠆Უ (GW) ிଐஜ ɟໜஇٻ èᲢ ᲣƸʖͳܾǛᚡ᠍ ᮾ 80 12.0% 10.0% 60 (4.95) 8.0% 40 6.0% 4.0% ୰ᅜ 20 (1.44) 㝣 (0.42) 2.0% 0 0.0% ҅ෙᢊ ி҅ ிʮ ிᅈ FC இ
Slide 38: Power demand across regions
ᩔዅĭᲴᩓщ˟ᅈႻʝࣖੲᏡщƷࢍ҄ 䠍 䕔᳀ᲽᲢԗඬૠ٭੭ᚨͳᲣƷࢍف Ტ᧓؏עᡲኒዴሁƷࢍ҄ƴ᧙ƢǔȞǹǿȸȗȩȳɶ᧓ إԓƷಒᙲǑǓ৷ቦᲣ ȷ ࠰ࡇǛႸƴŴܾ(%ɢM9ᲢɢM9 LJưᲣǛࢍفƢǔŵ ҅ෙᢊஜ߸᧓ ȷ ƦǕˌᨀŴưƖǔƩƚଔƴɢM9LJưࢍفƢǔŵ ᡲኒዴ ҅ෙᢊӼ ɢM9 ɶᢿ҅ᨕ᧓ᡲኒዴ ி҅Ӽ ɢM9 ᧙ᙱɶ᧓ᡲኒዴ ҅ᨕӼ ɢM9 ᧙ᙱӼ ɢM9 ҅ᨕ᧙ᙱ᧓ᡲኒዴ ɶᢿӼ ɢM9 ɶӼ ɢM9 ҅ᨕӼ ɢM9 ி҅ிʮ᧓ ᧙ᙱӼ ɢM9 ᡲኒዴ ி҅Ӽ ɢM9 ɶ᧓ׄᡲኒዴ ிʮӼ ɢM9 ɶӼ ɢM9 ׄ
Slide 39: Supply and demand regions
ᩔዅĮᲴᩓเᚨͳನȷႆᩓᩓщನ Šᩓเᚨͳನ Ტ)9Უ ࠰ࡇ ࠰ࡇ ࠰ࡇ Ƃ)9ƃ Ҿ܇щ ჽ໗ ᳆᳁ ჽሁ ൦щ ૼǨȍȫǮȸ Šႆᩓᩓщನ Ტ69JᲣ ࠰ࡇ ࠰ࡇ ࠰ࡇ ࠰ࡇ Ƃ69Jƃ Ҿ܇щ ჽ໗ ᳆᳁ ჽሁ ൦щ ૼǨȍȫǮȸ ᲢèᲣᗡᡫȷ˂ᅈӖᩓǛԃlj © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 40: LNG procurement
້щႆᩓᚨͳĬᲴ᭗јྙ.0)້щႆᩓƷႆ 㻝㻡 Š᭗јྙ.0)້щႆᩓႆ Ტ࠰ࡇᲣ Ť உბ Ť உᢃ ɥឭ້щӭኒЗ ӭ ɢM9 Ť உბ Ť உᢃ ɥឭ້щӭኒЗ ӭ ɢM9 Ť உბ Ť உᢃ ɥឭ້щӭኒЗ ӭ ӭ ɢM9 ɢM9 Ť உბ Ť உᢃ ɥឭӭኒЗ ӭ ɢM9 Ť உბ Ť உᢃ ᙱӸӞދӭኒЗᲢӭᲣ ᙱӸӞދӭኒЗᲢ ӭᲣ ɢM9 ɢM9 Ť உბ Ť உᢃ ᙱӸӞދӭኒЗᲢӭᲣ ɢM9 ᲢᲟᲣ ້щႆᩓᚨͳ༏јྙƱ້щዮӳ༏јྙƷਖ਼ᆆᲢ˯ˮႆ༏ؕแᲣ ȦȋȃȈ ༏јྙ ɼƳ༓૰ இૼ້щႆᩓᚨͳ༏јྙᲢႆᩓᇢᲣ Ĵ Ĭ ჷ
Slide 41: Fuel procurement outlook
້щႆᩓᚨͳĭᲴ.0)ᚨͳࢍفᚘဒ 㻝㻢 z ܭܤႎƔƭ௩᠂Ƴ.0)ᛦᢋǛૅƑǔᚨͳƷࢍ҄ Ĭ.0)ǿȳǯفᚨ .0)Ӗλఠࢍف ĭ˙Ѭฺ್ૺ ૼӸӞދ ǬǹȑǤȗȩǤȳᚨ ߷ឭ ዯܱዴ ƸிᢰǬǹᲢఇᲣಮЎ įɤȷ๔ȩǤȳᚨ ჷٶᇹʚ ɶᢿᩓщᲢఇᲣ ჷעٶғ᳆᳁ؕע ׄଐࠊ᳆᳁ǻȳǿȸ ׄଐࠊ ჷٶ ிᢰǬǹᲢఇᲣಮ Į.0)ᇹʚఠࢍف ׄଐࠊئ ǬǹȑǤȗȩǤȳᲢଏᚨᲣ .0)້щႆᩓ ˑ Ӹ ಒ ᙲ ბ ܦ Ĭ ߷ឭ᳆᳁ǿȳǯفᚨ ǿȳǯܾɢ᳧Ჭ ؕ ࠰ࡇ ࠰ࡇ ߷ឭ᳆᳁Ӗλఠࢍف ɢ᳧Ჭឬ
Slide 42: Upstream investment initiatives
້щႆᩓᚨͳĮᲴ້щᚨͳሁƴƓƚǔᙹٻעᩗݣሊ 䠍 Š້щᚨͳ ʻࢸŴμƯƷႆᩓƴݣƠƯπᘌ̬ܤɥƷࣱ̮᫂ǛɟޖӼɥƢǔƨNJŴ᧸ෞ້ᚨͳǍ༓૰ᚨͳƳƲ Ʒ᎑ᩗࣱƱ໎ܹƷೞᏡࣱᄩ̬ƴ࣏ᙲƳݣሊǛᡶNJǔŵ ᎑ᩗࣱƱ໎ܹ ೞᏡࣱᄩ̬ƴ࣏ᙲƳݣሊǛᡶNJǔ LJƨŴᘮ໎ࢸƷଔ̓ዅщᄩ̬ƷᚇໜƔǒᙲƳ້ щႆᩓǍ.0)ؕעƷ᎑ᩗᘽࡇӼɥǛƬƯƍƘŵ Š൦щᚨͳ ȀȠஜ˳ƷܤμɥŴբ᫆ƱƳǔᘮܹƕႆဃƠƳƍƜƱǛᄩᛐƠƯƍǔŵLJƨŴȀȠ᧙ᡲನᡯཋᲢ൦ן ᤧሥŴȀȠ൦ᧉ௵ᲣƴƭƍƯNj᎑ᩗࣱᏡǛഏᄩᛐƠŴ࣏ᙲƴࣖơݣሊǛܱƠƯƓǓŴ࠰ࡇƴ
Slide 43: Thermal power development
༓૰ᛦᢋĬᲴ.0)ڎኖƷཞඞ Š.0)ɼᙲڎኖƷཞඞ ᲢҘV࠰Უ ȗȭǸǧǯȈᲢࡽบவˑᲣ ڎኖ᧓ ڎኖᲢಒૠᲣ ǫǿȸȫᲫ ǫǿ ȫᲫ 'Z 'ZUJKR UJKR ࠰᳸࠰ ࠰ ࠰ ኖ࠰᧓ ǪȸǹȈȩȪǢࡨᧈ 'ZUJKR ࠰᳸࠰ ኖ࠰᧓ ǪȸǹȈȩȪǢਘࢌ 'ZUJKR ࠰᳸࠰ ኖ࠰᧓ ȞȬȸǷǢ 'ZUJKR ࠰᳸࠰ ኖ࠰᧓ இٻųų ྵ ǵȏȪȳî 'Z ǵȏȪȳî 'ZUJKR JK ࠰ ࠰ ࠰᳸࠰ ኖ࠰᧓ ᘍ ࠰᳸࠰ Ტኖ࠰᧓Უ ڎǤȳȉȍǷǢϐࡨᧈ 'ZUJKR ࠰᳸࠰ Ტኖ࠰᧓Უ ኖ ǤȳȉȍǷǢϐࡨᧈ (1$ ࠰᳸࠰ ኖ࠰᧓Უ $ǷȳǬȝȸȫᲢ
Slide 44: Thermal development schedule
༓૰ᛦᢋĭᲴ.0)ᑔܭͶᑔڎኖƷಒᙲ Š࢘ᅈƷ.0)ᑔܭͶᑔڎኖƷಒᙲ ȷᡛdzǹȈƷሥྸƴǑǔኺฎࣱƷӼɥǍᡛƴƓƚǔ௩᠂ࣱƷᄩ̬ǛࢳƠŴᲭᨶƷܭͶᑔڎኖǛዸኽ ȷʻࢸŴȕȪȸȝȸȈȷȗȭǸǧǯȈӼƚƴᲯᨶᆉࡇƷᣐƕ࣏ᙲ ᲫᨶႸ ᲬᨶႸ ᲭᨶႸ ᑔɼ ɤᓛՠʙଐஜᣁᑔƕఇࡸ̬ஊƢǔ ɤᓛՠʙՠᑔɤʟƕఇࡸ̬ஊƢǔ ߷߃ᑔƕఇࡸ̬ஊƢǔෙٳඥʴ ෙٳඥʴ ෙٳඥʴ Ͷᑔᎍ ࢘ᅈ Ͷᑔ᧓ ኖ᳸࠰᧓ ᲶᡛǹǭȸȠᲸ 'ZUJKRڎኖ Ჴ .0)̖ᲷԼˊ Ქ ᡛᝲ ȷ٥ɼᝧ˓ƴǑǔᡛ ٥ɼᝧ˓ƴǑǔᡛ ȷᡛᝲᡂLjƷ.0)̖ ٥
Slide 45: Power generation trading
༓૰ᛦᢋĮᲴჽ໗ȈȬȸȇǣȳǰƷਖ਼ᡶ Šჽ໗ȈȬȸȇǣȳǰʙಅ z ࢘ᅈƱȕȩȳǹᩓщ˟ᅈ '&( Ʒ˟܇ᅈưƋǔ'&(6ᅈƸŴƦǕƧǕЈƷ˟܇ᅈǛଐஜƴᚨᇌƠŴ σӷư༓૰ȈȬȸȇǣȳǰʙಅǛ࠰ࡇڼ z ࠰உǑǓŴɶᩓǨȍȫǮȸȈȬȸȇǣȳǰᅈ %'6ᅈ ƕŴ࢘ᅈჽ໗ᛦᢋμǛɟΨႎƴሥྸ z ࠰உǑǓŴૼƨƴǷȳǬȝȸȫƴᚨᇌƠƨ࢘ᅈ˟܇ᅈ%JWDW'PGTI[6TCFKPI5KPICRQTG 2VG .VF %'65ᅈ ƕƦƷࢫлǛዒ১ ăᝅ݈Ƴჽ໗ӕࡽऴإǁƷǢǯǻǹǍǹǭȫǛஊƢǔʴƷᄩ̬ሁǛᡫơƯŴ࢘ᅈƷჽ໗ᩔᙲƴӳǘƤƨŴ ᢘᢘЏƳӕࡽǛǑǓјྙႎŴኺ
Slide 46: Fuel trading
༓૰ᛦᢋįᲴǨȍȫǮȸเƷೌႩӕࢽ dzȫȉȐȷȗȭǸǧǯȈ =ɥ්ೌႩƷӕࢽཞඞƳƲ? ǤȳȆǰȩȷȗȭǸǧǯȈ ᲢǷǧȸȫǬǹᲣ Ტჽ໗Უ ǤǯǷǹȷȗȭǸǧǯȈ ဃငૠɢV࠰ ဃငૠɢV࠰Ტ.0)੭ምŴᚘဒ͌Უ Ტ᳆᳁Უ ೌႩӕࢽൔྙ ೌႩӕࢽൔྙè ဃငૠɢV࠰ ྵנŴဃငɶ ࠰ဃငڼ ೌႩӕࢽൔྙ ೌႩӕࢽൔྙ ࠰ࡇဃငڼʖܭ ȕȪȸȝȸȈ᳆᳁ؕע ෩҄ᚨͳᚨͳܾɢV࠰gኒЗ Ტ࢘ᅈᄩ̬ЎɢV࠰Უ ࠰ࡇ෩҄ьڼʖܭ ǴȸǴȳȷȗȭǸǧǯȈ ą࠰Ჯஉ ࠰Ჯஉ &1'ƕ &1'ƕଐஜӼƚ.0) ஜӼƚ.0) Ტ᳆᳁Უ Ј
Slide 47: Thermal power overview
༓૰ᛦᢋİᲴ༓૰ᛦᢋƷཞඞᲢ࠰ࡇᲣ ƦƷ˂ ᴳᴔᴉ 䠄䠂䠅 ᴳᴔᴉ ᴉᴔᴶᴉ ᴶ ᴍᴈᴕᴜᴯᴰᴉ .0) ჽ໗ ᴍᴍᴈᴕᴜᴯᴰᴉ ᴕᴜᴯᴰᴉ ᲢɢVᲣ ᴎᴘᴈᴱ ᲢɢVᲣ ᴊᴵᴜᴶᴠᴔᴉ ᴉᴤᴰᴎ ᴧᴲᴈᴔᴉ ᴎᴶᴦᴶᴵ Ҿ ᴊᴵᴜᴶᴠᴔᴉ ᲢɢMNᲣ ᴥᴶᴜᴝᴩ όǰȩȕɶځƷ Ტ ᲣϋƸᛦᢋ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 48: Energy supply overview
ϐဃӧᏡǨȍȫǮȸĬᲴ̖ܭᝰӕСࡇ ŠƷϐဃӧᏡǨȍȫǮȸਖ਼ᡶƴӼƚƨӕኵLj ϐဃӧᏡǨȍȫǮȸƷ̖ܭᝰӕСࡇ Ტ࠰உଐᘍᲣ Ũٽ ٽᨗήŴщŴɶݱ൦щŴע༏ŴȐǤǪȞǹǛဇƍƯႆᩓƞǕƨᩓൢƷμ μ è ᝰӕݣᝋ è˰ܡဇƷٽᨗήႆᩓƸࡽƖዓƖ˷йᩓщƷᝰӕ Ũ࠰ࡇƷᝰӕ̖ ųŨ࠰ࡇƷᝰӕ̖ ųٽᨗήM9சųόM9JᲢ࠰᧓Უ ųųٽᨗήM9சųόM9JᲢ࠰᧓Უ ųųųųM9ˌɥųόM9JᲢ࠰᧓Უ ųųųųųM9ˌɥųόM9JᲢ࠰᧓Უ ᝰӕ̖ щ M9ச όM9JᲢ࠰᧓Უ щųM9ச όM9JᲢ࠰᧓Უ ųųщ
Slide 49: Electric power supply approach
ϐဃӧᏡǨȍȫǮȸĭᲴ࢘ᅈƷӕǓኵLj 㻝㻡 Š࢘ᅈƷϐဃӧᏡǨȍȫǮȸਖ਼ᡶƷφ˳ႎƳӕǓኵLj φ˳ႎӕǓኵLj Јщ ҘM9 ᢃ ٽ ȡǬǽȸȩȸƍƍƩ ࠰ࡇ ᨗ ᐯᅈႆ ȡǬǽȸȩȸƨƚƱǑ ࠰ࡇ ή ȡǬǽȸȩȸƠLjƣ ࠰ࡇʖܭ ᲢᲣ࠰ࡇ ᐯᅈႆ ࣂЭ߃ щ ᲢᲣ࠰ࡇ ᪰ჿบ ࠰ࡇ ࣈޛӭೞ ࠰ࡇʖܭ ࣈޛӭೞ ࠰ࡇʖܭ ᧺ޟٶ ࠰ࡇʖܭ ɻဃ߷ ࠰ࡇʖܭ ૼᙹႆ ᐯᅈႆ ૼɸҾ ࠰ࡇʖܭ ࠰ࡇʖܭ ൦ ɟᑍ൦щ ࠰ࡇʖܭ ų щ ࠰ࡇʖܭ ዜਤ්ႆᩓ ࠰ࡇʖܭ ԧӳ è ࠰ࡇ è ښჵ˺ᇹɟႆᩓӭೞ ࠰ࡇ
Slide 50: Power sales
ᧈʙಅĬᲴᝤ٥ဦ 㻢 ŠǨȍȫǮȸǽȪȥȸǷȧȳǵȸȓǹƷƝ੩క ٶಮ҄ȷ᭗ࡇ҄ƢǔƓܲƞLJƷȋȸǺƴƓࣖƑƢǔƨNJŴ࢘ᅈƓǑƼǰȫȸȗ˟ᅈƕɟ˳ƱƳ ǓŴᩓൢȷǬǹƦǕƧǕƷࢍLjǛƔƠƨǽȪȥȸǷȧȳǵȸȓǹǛ੩̓ ŠǬǹȷ.0)ƓǑƼǪȳǵǤȈǨȍȫǮȸƷƝ੩̓ ȓǸȍǹӼƚƴǬǹȷ.0)ǍǪȳǵǤȈǨȍȫǮȸǵȸȓǹǛǰȫȸȗɟ˳ƱƳƬƯƝ੩̓ Ơ ƓܲƞLJƷႾǨȍȷႾ%1ǍdzǹȈЪถ ƠŴƓܲƞLJƷႾǨȍ Ⴞ%1ǍdzǹȈЪถŴࣱ̮᫂Ʒ᭗ƍǨȍȫǮ ࣱ̮᫂Ʒ᭗ƍǨȍȫǮȸ̓ዅǷǹȆȠƷܱྵǛ ̓ዅǷǹȆȠƷܱྵǛ ǵȝȸȈ ƂǬǹȷ᳆᳁ᝤ٥ૠƷܱጚƃ 䠄 㼠 䠅 ᴘ
Slide 51: Power sales initiatives
㻢 ᧈʙಅĭᲴிʮᩓщƱƷȓǸȍǹǢȩǤǢȳǹ Ū ࢘ᅈƸŴிʮᩓщሥϋƷᩓщ̓ܭܤዅǁƷңщŴ࢘ᅈƷӓႩؕႴƷࢍ҄ƷƨNJŴிʮᩓщ ࢘ᅈƸ ிʮᩓщሥϋƷᩓщ̓ܭܤዅǁƷңщ ࢘ᅈƷӓႩؕႴƷࢍ҄ƷƨNJ ிʮᩓщ ƱƷȓǸȍǹǢȩǤǢȳǹƴࣖѪŵӷᅈƱσӷưჽ໗້щǛႆƢǔƜƱǛЭ੩ƴŴӷᅈƷ ᩓщҵ̓ዅλƴӋьƠƨŵ ŠிʮᩓщƷᩓщҵ̓ዅλƷಒᙲ ிʮᩓщ ᩓщҵ̓ዅλ ಒᙲ ிʮᩓщᲢǫǹǿȞȸǵȸȓǹȷǫȳȑȋȸᲣƸŴᲬᲪᲫᲳ᳸ᲬᲫ࠰ࡇƴ̓ዅڼƢǔșȸǹ ᩓเǛᲬᲰᲪɢM9Ѫᨼ ɥᨂ̖ Ჴ ᲳᲨᲯᲭόM9JᲢᩓเዴdzǹȈŴ%1ᲬݣሊdzǹȈሁԃljᲣ ڎ
Slide 52: Power sales initiatives
㻢 ᧈʙಅĮᲴȀǤȤȢȳȉȑȯȸఇࡸ˟ᅈƷఇࡸӕࢽ Ū࢘ᅈƸŴᲯᲪ*\؏עᲢிଐஜᲣƴƓƚǔᩓщᝤ٥ʙಅƷޒƴӼƚŴȀǤȤȢȳȉȑȯȸƷ ఇࡸǛӕࢽƢǔƱƱNjƴŴႆᩓʙಅ˟ᅈƷᚨᇌƴӋဒƢǔƜƱƱƠƨŵ ŪஜȗȭǸǧǯȈƸŴݩஹƷӓႩؕႴਘٻǁƷᇹɟഩưƋǓŴLJƣƸȀǤȤȢȳȉȑȯȸƕƜǕLJư ŪஜȗȭǸǧǯȈƸŴݩஹƷӓႩؕႴਘٻǁƷᇹ ഩưƋǓŴLJƣƸȀǤȤȢȳȉȑȯ ƕƜǕLJư ޒƠƯƖƨᩓщᝤ٥ʙಅǛዒዓƠŴ؏ٳᝤ٥ƷȎǦȏǦྒࢽǛႸਦƢŵ ŠȗȭǸǧǯȈƷಒᙲ ƂஜȗȭǸǧǯȈǹǭ ƂஜȗȭǸǧǯȈǹǭȸȠٓ Ƞٓ Ũ࢘ᅈƸŴ࠰உଐŴ
Slide 53: Power plant projects
ᧈʙಅįᲴෙٳǨȍȫǮȸʙಅ ŠෙٳǨȍȫǮ ʙಅƷǁƷӕǓኵLj ŠෙٳǨȍȫǮȸʙಅƷǁƷӕǓኵLj ৲ᙹ ਤЎЈщè ࠰ࡇᲬ3ໜ ካᚘΕόᆉࡇ ካᚘɢM9 èӲȗȭǸǧǯȈƷዮЈщƴҩNJǔ࢘ᅈЈЎ ŠӋဒɶƷȗȭǸǧǯȈ ዮЈщ ࢘ᅈЈ ؏ע ȗȭǸǧǯȈ Ӌဒ ᢃ ᲢҘM᳑Უ лӳ Ǭ ȆȊǹǫųǬǹ້щ+22ʙಅᲢႆᩓᲣ ኖ᳸ኖ ࠰ࡇ ࠰᳸࠰ ǫȊȀųǬǹ້щ+22ႆᩓʙಅ ࠰ࡇ ࠰உ ҅ ȡǭǷdzųǬǹ້щ+22ʙಅᲢȐǸȣȉȪȉᲣ ࠰ࡇ ࠰உ ȡǭǷdz Ǭǹ້щ+22ʙಅᲢȕǡȫdzȳᅈ ႆᩓᲣ Ǭǹ້щ+22ʙಅᲢȕǡȫdzȳᅈᲦႆ
Slide 54: Fuel cost adjustment system
ൿምĬᲴ༓૰ᝲᛦૢСࡇƱ້щ༓૰ᝲƴƭƍƯ Ჶ້щ༓૰ᝲƷ༓૰ᝲᛦૢСࡇƴݣƢǔࢨ᪪ಒဦᲸ ̖ உƷ༓૰̖Ʒ٭ѣǛ༓૰ᝲ ųųų࢘࠰ࡇ ᛦૢСࡇƴǑǓ૰ ૰ҥ̖ƴӒପ ųų༓૰̖ ૰Ӓପ ༓૰̖Ʒ٭ѣƷƏƪ ųųؕแ̖ Ҿ܇щͣഥƴˤƏ ૰ોܭ ૠƷفьЎƸ༓૰ᝲ ݣᝋٳ ᛦૢСࡇưƸݣ ້щ༓૰ᝲ ૰சӒପ ؕแૠ ų࢘࠰ࡇ ࠰ࡇ ૠ ૰ોܭ ųųෞᝲૠ 䠘ᩱ㔠ᫎ䛾⤌䜏䠚㻟䞄᭶ศ䛾ᖹᆒ⇞ᩱ౯᱁䜢ྛ᭶䛻ᫎ உ உ உ உ உ உ உ உ உ ר༓૰̖ ૰Ӓପ ר༓૰̖ ૰Ӓପ ר༓૰
Slide 55: Fuel cost adjustment
ൿምĭᲴᡚᎰዅɨᲢ̾КᲣ ŠૠྸᚘምɥƷࠀီ ΕόᲣ ᝲဇϼྸ᫇ فถ ႆဃ᫇ ႆဃ࠰ࡇ ᲢţᆢᇌឬᢅᲣ Ტ Უ ࠰ࡇ # ࠰ࡇ $ $ Ყ# ࠰ࡇ ţ ţ Ყ ࠰ࡇ Ყ ࠰ࡇ ţ ţ ţ ţ ţ ţ Ყ ࠰ࡇ Ყ ӳᚘ ţ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 56: Cash flow
ൿምĮᲴǭȣȃǷȥȕȭȸƷਖ਼ᆆᲢ̾КᲣ ᲢΕόᲣ փಅ%( ৲%( (%( ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ ţ Ტ࠰ࡇᲣ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 57: Financial indicators
ൿምįᲴᐯࠁஜൔྙȷᲾᲩᲿȬǷǪƷਖ਼ᆆ Šᐯࠁஜൔྙ Š&Ჩ'ȬǷǪ Ტ̿Უ ̾К ᡲኽ ̾К ᡲኽ ᲟᲢ̾КᲣ ᲟᲢᡲኽᲣ ̿Ტ̾КᲣ ̿ᲢᡲኽᲣ Ტ࠰ࡇᲣ Ტ࠰ࡇᲣ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 58: Income analysis
͌ɥƛဎᛪĬᲴ૰ોܭƷҾ̖Ʒਖ਼ᆆ 㻥 ᲢΕόᲣ ༓૰ᝲȷទλᩓщ૰ ஜᝲ ̲ጣᝲ ʴˑᝲ ƦƷ˂ ᲢᲣ ᲢᲣ ᲢᲣ ᲢᲣ ᲢᲣ ᲢᲣ ࠰ ࠰ ࠰ ࠰ ࠰ ᳸࠰ ᲢʻׅဎᛪҾ̖Უ èᲢ ᲣϋƸዮҾ̖ƴҩNJǔ༓૰ᝲȷទλᩓщ૰ƷлӳǛᅆƢ © 2013 Chubu Electric Power Co., Inc. All rights reserved.
Slide 59: Analysis of income
͌ɥƛဎᛪĭᲴʻׅોܭƴƓƚǔ૰Ҿ̖ 㻥 Ū ဎᛪҾ̖ƷምܭƴƋƨƬƯƸŴஇٻᨂƷኺփјྙ҄ƴǑǔΕόƷdzǹȈЪถǛӒପƠƯƍǔNjƷƷŴ ້щ༓૰ᝲƷࠢٻƳفьƴǑǓŴƦƷዮ᫇ƸᲭƔ࠰רưΫΕόŵ Ūɟ૾ưŴྵᘍ૰ǛዒዓƠƨئӳƷӓλᙸᡂLjƸΫΕόưƋǔƜƱƔǒŴӓλɧឱ᫇ƸΕόŵ ᲢΕόᲣ =јྙ҄ Εό ? = ӓλɧឱ᫇ Εό ? ༓૰ᝲȷ ទλᩓщ૰ ถ̖ΝҲᝲ ʙಅإᣛ ̲ጣᝲ ʴˑᝲ ƦƷ˂ ЭׅҾ̖(2008Უ ʻׅဎᛪҾ̖ ྵᘍƷ૰ƴǑǔӓλ © 2013 Chubu Electric Power Co., Inc. All
Slide 60: Financial indicators
͌ɥƛဎᛪĮᲴኺփјྙ҄ǁƷӕǓኵLj 㻥 Ū ࢘ᅈƸŴ࠰உƷාޢҾ܇щႆᩓƷμӭೞͣഥˌᨀŴ࣋ࡁƠƨኺփјྙ҄ƴѐNJƯƓǓŴ ࢘ᅈƸ ࠰உƷාޢҾ܇щႆᩓƷμӭೞͣഥˌᨀ ࣋ࡁƠƨኺփјྙ҄ƴѐNJƯƓǓ ࠰உƔǒƸžኺփјྙ҄ዬ࣯ݣሊஜᢿſǛᚨፗƠŴƜǕLJưˌɥƴ៊LjᡂǜƩኺփјྙ҄ƴ ӕǓኵǜưƍǔŵ Ū ʻׅƷᩓൢ૰Ҿ̖ምܭƴƋƨƬƯƸŴ᳸࠰ࡇƷƔ࠰רưΕόƷdzǹȈЪถ ʻׅƷᩓൢ૰Ҿ̖ምܭƴƋƨ ƯƸ ࠰ࡇƷƔ࠰רư ΕόƷ ǹȈЪถ ǛӒପƠŴ͌ɥƛࠢǛஇٻᨂ৮СƠƯƍǔŵ ᳸ ɼƳϋܾ ר ȷࢫՃዅɨƷЪถ ʴˑᝲ ȷ
Slide 61: Cautionary note on forward-looking statements
䠍 ࢘૰ӕৢɥƷƝදॖ ࢘૰ƴᚡ᠍ƷݩஹƷᚘဒǍᙸᡫƠሁƸŴྵנλӧᏡƳऴإƴؕƮƖŴᚘဒƷNjƱƴ ƳǔЭ੩ŴʖेǛԃǜƩϋܾǛᚡ᠍ƠƯƓǓLJƢŵ ƜǕǒƷݩஹƷᚘဒǍᙸᡫƠሁƸŴנႎƳȪǹǯǍɧᄩࣱܱƕԃLJǕƯƓǓŴʻࢸƷ ʙಅ᪸؏ǛӕǓLJƘኺฎཞඞ ࠊئƷѣӼሁƴǑǓ ܱᨥƷኽௐƱƸီƳǔئӳƕƝƟƍ ʙಅ᪸؏ǛӕǓLJƘኺฎཞඞŴࠊئƷѣӼሁƴǑǓŴܱᨥƷኽௐƱƸီƳǔئӳƕƝƟƍ LJƢƷưŴƝ১ჷƓƖƍƨƩƖLJƢǑƏƓᫍƍဎƠɥƛLJƢŵ LJƨŴ࢘૰ƷϋܾƴƭƖLJƠƯƸኬ࣎ƷදॖǛƬƯƓǓLJƢƕŴਫ਼᠍ƞǕƨऴإƷ LJƨŴ࢘૰Ʒϋܾƴ Ɩ
Chubu Electric Power Company — Q2 FY2013 Earnings Presentation on 6ix