Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Investor Presentation (March 2003)
19 slides from Tokyo Electric Power's investor presentation, Mar 28, 2003
Slide 1: FY 2003 Business Management Plan
FY 2003 Business Management Plan March 28, 2003 Tokyo Electric Power Company
Slide 2: Forward Looking Statements
- Forward Looking Statements - Certain statements in the following presentation regarding Tokyo Electric Power’s business operations may constitute “forward looking statements”. Such statements are not historical facts, but are predictions about the future which inherently involve risks and uncertai
Slide 3: Principles of the Business Management Plan
Principles of the Business Management Plan Top Priority Regain Regain public public trust trust üWe will make every effort to regain the trust of shareholders and investors, residents in the vicinity of nuclear power stations, customers and the general public by thoroughly implementing measures to p
Slide 4: Power Demand Outlook (1)
Power Demand Outlook (1) Outlook for electricity sales ØFY 2003: 279.7 TWh (0.1% increase year-on-year) ØFY 2001 – 2012: Average growth rate of 1.5% (after temperature adjustments) FY 2001 2002 2003 2004 2007 2012 Average annual increase (%/yr) Item Result Projected ’01- ’03 ’01 –‘12 Electricity 275
Slide 5: Power Demand Outlook (2)
Power Demand Outlook (2) Outlook for the system peak load ØFY 2001 – 2012: Average growth of 1.3% (after temperature adjustments) FY 2001 2002 2003 2004 2007 2012 Average annual increase Result Result % yr Item 01 - '03 01 - '12 Peak Peak load 61,430 60,530 59,200 59,950 62,880 67,860 summer MW 3-da
Slide 6: Electric Power Development Plan
Electric Power Development Plan Power generation facilities at fiscal year-end in MW 2001 2002 2003 2007 2012 Amount increased Result Projected for 2002 - 2012 Hydroelectric 13,930 13,930 14,150 14,620 15,110 1,180 Thermal 39,380 40,250 42,930 43,450 47,800 7,550 Nuclear 18,190 18,190 18,190 18,190
Slide 7: Present supply-demand outlook and policies (1)
Present supply-demand outlook and policies (1) Current Situation of Nuclear Power Plants As of March 27, 2003 Unit Output Initiation date of Planned date of Shutdown date for No. (MW) scheduled shutdown for next periodical inspection inspection concerning leak inspection test on the primary containm
Slide 8: Present supply-demand outlook and policies (2)
Present supply-demand outlook and policies (2) nMeasures to secure supply capacity (major and foreseeable to this point) Ø Recommence operations at thermal plants that had been suspended on a long-term basis Supply capacity Initiation date of operation (MW) Unit 8 350 November 27, 2002 Yokosuka Unit
Slide 9: Present supply-demand outlook and policies (3)
Present supply-demand outlook and policies (3) n Supply-demand outlook for summer ü For April, the reserve rate at times of peak demand is forecasted to be 0%. Because of this difficult situation, the outlook is for demand to be met through emergency supply measures such as energy exchanges and tria
Slide 10: Targets for Improved Profit and Financial Structure
Targets for Improved Profit and Financial Structure FY 2003 – 2005 FY 2002 – 2004 FY 2002 estimate (current plan) (previous plan) (current) Recurring Profit Over ¥300.0 billion Over ¥300.0 billion Projected to exceed ¥220.0 billion ROA Over 4% Over 4% Around 3% ROE Over 9% Over 9% Around 7% FCF Over
Slide 11: Cost Reduction Measures
Cost Reduction Measures Previous FY2003 FY 2002 Results FY2002 Business Management Plan Estimates Business Management Plan Around ¥640.0 billion Around ¥740.0 billion Capital Expenditure (average for the 3 fiscal years) (average for the 3 fiscal years) ¥663.8 billion FY2003: ¥672.0 billion FY2002: ¥
Slide 12: Current Situation of Nuclear Power Plants
Current Situation of Nuclear Power Plants 11
Slide 13: Comprehensive Measures to Prevent Recurrence
Comprehensive Measures to Prevent Recurrence n In line with directives issued by the Minister of Economy, Trade and Industry last October, TEPCO issued a report on March 7 to the government authorities. It contained information on the implementation of measures to prevent recurrence of falsification
Slide 14: Comprehensive Check on the Appropriateness of Self-imposed Inspections
Comprehensive Check on the Appropriateness of Self-imposed Inspections u In line with the September 2002 Nuclear and Industrial Safety Agency (NISA) directive, TEPCO submitted its final report to the government authorities on February 28. (TEPCO has checked up approximately 8 million pages of docume
Slide 15: Inspection & Maintenance Progress Report
Inspection & Maintenance Progress Report Unit Recycling Pipes Jet Pump Plant Name Shroud CRD Pipes No. (PLR Pipes) (Wedge, etc.) 1 Replacement completed Replacement completed Replacement completed Inspection underway 2 Replacement completed Replacement completed Replacement completed Planning to ins
Slide 16: Securing and Confirming the Safety of Facilities (Gov't)
Securing and Confirming the Safety of Facilities (Gov’t) n Subcommittee to Evaluating the Soundness of Nuclear Power Facilities Ø Since February 7, the sub-committee has held meetings #5, #6, and #7 on February 18, February 26 and March 10, respectively. At meeting #7, items deliberated to that poin
Slide 17: Securing and Confirming the Safety of Facilities (TEPCO)
Securing and Confirming the Safety of Facilities (TEPCO) On March 10, TEPCO received the interim status report from the government’s “Subcommittee to evaluating the soundness of Nuclear Power Facilities” regarding cracks found in the shroud and recirculation pipes. On the next day (March 11), TEPCO
Slide 18: Presentations to Local Communities
Presentations to Local Communities Presentation contents (TEPCO) ü Status of recurrence prevention measures ü Results from comprehensive investigation on self-imposed inspections ü Results and status of plant inspections and basic approach to maintenance Progress report on presentations to local com
Slide 19: Revenue and Expenditure Outlook for FY 2002
Revenue and Expenditure Outlook for FY 2002 At time of interim results on Nov. 19, 2002 • Expenditure increase from nuclear power issues: Around ¥ 140.0 billion • Recurring Profit outlook for FY 2002: ¥220.0 billion (Non-consolidated), ¥210.0 billion (Consolidated) Major changes in conditions therea
Tokyo Electric Power Company Holdings — Investor Presentation (March 2003) on 6ix