Tokyo Gas Co., Ltd. · TSE:9531
Tokyo Gas — FY2019 Earnings Presentation
23 slides from Tokyo Gas's earnings presentation, Apr 28, 2020
Slide 1: Tokyo Gas FY2019 Results Presentation
TSE:9531 "F TOKYO GAS April 28, 2020 [Revised on November 5,2020]
Slide 2: 1. FY2019 Consolidated Financial Results
1. FY2019 Consolidated Financial Results ended March 31, 2020 "TOKYO GAS
Slide 3: Both sales and profits decreased in FY2019
Both sales and profits decreased in FY2019. Net sales were ¥1,925.2billion, a decrease of ¥37.1 billion year on year . This was mainly attributable to a ¥58.3 billion drop in sales of the gas segment due in part to a decrease in gas sales volume. Operating expenses totaled ¥1,823.7 billion, a drop o
Slide 4: Gas sales volume
This slide is about the gas sales volume. City gas sales volume was 13,855 million m3 in FY2019, a 8.8% drop year on year. The main factors for the decrease were a decline of 746 million m3 among power generation customers, a decrease of 270 million m3 among industrial customers, and a drop of 227 m
Slide 5: Electricity sales volume
Electricity sales volume in FY2019 totaled 20,604 million kWh, up 33.1% year on year. Retail electricity sales volume was 8,522 million kWh, up 30% year on year, due to an increase in the number of customers. In FY2019 we launched effective sales campaigns flexibly in view of the severe competitive
Slide 6: Net sales and segment profit by segment
Slide 5 shows net sales by segment and segment profit (operating profit + equity income/loss of subsidiaries), and changes thereof. Segment profit was boosted by the ¥10.2 billion increase in the gas segment. 5
Slide 7: Segment profit changes: gas, electric power, overseas
In the gas segment, the ¥10.2 billion growth in profit was mainly attributable to a ¥22.4 billion rise in the sliding time lag and a ¥17.1 billion increase in third-party access revenue. In the electric power segment, profit was roughly the same as the previous fiscal year. This reflected a rise in
Slide 8: Use of cash flows on a consolidated basis
Slide 7 explains the use of cash flows on a consolidated basis. 7
Slide 9: Key indicators on a consolidated basis
Slide 8 shows the key indicators on a consolidated basis. 8
Slide 10: Shareholder returns: annual dividend of ¥60
With regard to shareholder returns, we plan to continue an annual dividend of ¥60 per year. Since the total dividends will be ¥26.4 billion and a total payout ratio of 60%, we are not planning a share buyback. 9
Slide 11: 2. FY2020 Full Year Forecast
2. FY2020 Full Year Forecast "TOKYO GAS 10
Slide 12: FY2020 forecast not determined due to COVID-19
The consolidated results forecast for the FY2020 ending March 31, 2021 has not been determined as it is difficult to reasonably quantify the scope and degree of the impact of the new coronavirus outbreak on the Company’s business at this moment. We will disclose our forecast as soon as they can be r
Slide 13: Major impacts of the new coronavirus outbreak
This slide is a summary of the major impacts of the new coronavirus outbreak that can be assumed at present, although the trend of gas sales volumes by demand area can only be quantitatively measured and analyzed after May due to metering dates. The gas segment may face certain restrictions due to c
Slide 14: Initiatives in response to the COVID-19 outbreak
Slides 13 and 14 explain our specific initiatives in response to the outbreak of the new coronavirus. 13
Slide 15: Initiatives in Response to the COVID-19 outbreak
Initiatives in Response to the COVID-19 outbreak 2. Initiatives for Stable Energy Supply "ETOKYOGAS =| Contents Raw materials + Implementation of non-contact unloading when receiving raw materials from LNG and LPG ships. procurement <Avoiding contact> Production + Shift employees are commuting using
Slide 16: Reference materials
The following reference materials include the trend of crude oil prices and exchange rates, a list of major press releases from April 1, 2019 to April 28, 2020, a list of major overseas projects, and the trend of the number of switches to other electricity and city gas providers. 15
Slide 17: Crude oil prices and exchange rate
Crude oil prices Exchange rate <vs. FY2018 > Crude oil price (Japan Crude Cocktail Prices) "ETOKYOGAS =| (S/bbI) 85.00 80.00 75.00 70.00 65.00 60.00 55.00 50.00 y —@-FY19 —e-FY18 $ Exchange rate a (¥/$) 115.0 110.0 105.0 100.0 rN RY ¢ RY s $ $ $ $ 3 ry s ¥ ° = _ - Na x ¥ gs e 8 ¥ Y > ~ s & é Ss y Ss
Slide 18: Key Topics in FY2019-20
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) "ETOKYOGAS =| *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. 27) “Tokyo Ga
Slide 19: Key Topics in FY2019-20
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) Services (S) @ 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.1
Slide 20: Key Topics in FY2019-20
Key Topics in FY2019-20 (Excerpted from Press Releases up to 28st April) "ETOKYOGAS =| -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
Slide 21: Overseas Projects
Overseas Projects |Production, liquefaction and sales of LNG "TOKYO GAS =| ad sb [re | county | Subject Southeast Asia North America [Downstream Upstream 6 IGAS MALASIA Bhd. loves 1992 IBamett Seaintges 2013 IGAS MALASIA ENERGY [Downstream Upstream |ADVANCE Sdn Bhd. lEnergy Service 2014 rage Ford [S
Slide 22: Trends in city gas/electricity switching
Trends in city gas/electricity switching(published data), Number of customers for city gas retail sales(Tokyo gas consolidated) "ETOKYOGAS =| Electricity switchers (based on applications) City gas switchers (based on applications) Monthly(1,000s) Cumulative(1,000s) Monthly(1,000s) Cumulative(1,000s)
Slide 23: Cautionary Statement regarding Forward-looking Statements
"E, TOKYO GAS < 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