Electric Power Development Co., Ltd. · TSE:9513
Electric Power Development — Q3 FY2018 Earnings Presentation
31 slides from Electric Power Development's earnings presentation, Jan 31, 2019
Slide 1: J-POWER Q3 FY2018 Financial Results Presentation
2019 3 W POWER 2019 1 31
Slide 2: Contents
SW PowER kWh
Slide 3:
2
Slide 4: Consolidated results overview
2017 2018 3 3 6,346 6,599 252 4.0% 1,000 777 -222 -22.3% 1,007 732 -274 -27.2% 656 517 -139 -21.2% 2017 2018 3 3 4,587 4,847 259 5.7% 552 355 -197 -35.7% 698 746 48 6.9% 546 676 129 23.6% 2017 2018 3 3 1,670 1,470 -199 -12.0% * 3
Slide 5: Electric power sales volume and operating data
[ ] 2017 2018 3 3 kWh 501 513 12 2.4% 71 80 8 11.6% 422 406 -15 -3.7% 5 5 -0 -3.9% 1 21 115 79 -35 -31.0% [ ] 102% 110% + 8 79% 78% - 1 *1 *2 *3 4
Slide 6: Revenues and expenses
2017 2018 3 3 6,346 6,599 252 4.0% 4,705 5,093 387 8.2% 4,293 4,709 416 9.7% 365 372 6 1.8% *1 1,186 1,068 -118 -10.0% *2 454 438 -16 -3.6% /US$ 9 112.73 113.57 /THB 9 3.38 3.50 THB/US$ 9 33.37 32.41 /US$ 111.69 111.14 *1 *2 5
Slide 7: Ordinary income change analysis
85 1,000 135 +5 +20 75 - +15 800 20 600 1,007 400 732 / 200 - 2017 2018 3Q 3Q 6
Slide 8: Consolidated income statement
2017 2018 3 3 6,346 6,599 252 4,705 5,093 387 1,186 1,068 -118 454 438 -16 5,346 5,822 475 1,000 777 -222 235 173 -62 86 92 5 148 80 -68 228 217 -10 213 199 -13 15 18 3 1,007 732 -274 28 - -28 656 517 -139 7
Slide 9: Consolidated balance sheet
2018 2017 3 23,252 23,979 726 9,511 9,493 -18 3,414 3,377 -37 934 888 -45 5,257 5,460 203 738 743 5 3,397 4,016 619 3,217 3,995 777 26,470 27,975 1,504 15,613 16,754 1,141 2,495 2,445 -50 18,109 19,200 1,090 7,451 7,831 379 421 409 -11 488 534 45 8,361 8,775 414 D/E 2.0 2.0 29.7% 29.5% 8
Slide 10: Full-year forecast
2018 4 27 2017 2018 2017 2018 8,562 8,630 67 0.8% 6,145 6,110 -35 -0.6% 1,043 840 -203 -19.5% 430 260 -170 -39.6% 1,024 700 -324 -31.7% 524 490 -34 -6.6% 684 500 -184 -27.0% 419 450 30 7.3% 2017 2018 1,963 1,750 -213 -10.9% 2017 35 40 75 2018 35 40 75 9
Slide 11: Appendix
SW PowER
Slide 12: Appendix
APPENDIX SW PowER A A A, a, a, a a, rr a a ar
Slide 13: 灘
灘 12
Slide 14: 茨
茨 13
Slide 15: Oma nuclear power project
2014 12 摯 1,383MW ABWR MOX 2018 12 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 14
Slide 16: WS PowER
WS PowER |_| v 2020 2025 v 1,300 Peace SESE BABS | BRECK, BH HEROS | AAMT EBESEEOR REG REROME | | tok MaOkeit TTMBELAVV SRA FOB BBW ERA BST ME BID OM Rt *ME oe —- 44> I PIAS I bORa I b-e emit Reet ow / # = N= are , ! set ne weapaaicetin |B + pe” xs PAM ACTP.H1nt ra BREE 7 ' +r ATE ay H — ln H it | T
Slide 17: WS PowER T + T 145, ae
WS PowER 2 140 141 T + T 145, ae bese a Ht REAR Vata | OD ee Ee FU HMeR | MES MOwR™ Mw8.3 Fa 1 4 REMAPASI AMR M75 fie te), Saeeeer nae TL —hAME F-14BI-kSMRO a . } +H PASI AME MB.2 ane _ >. | “ REBAR RICK SiR M75 PEFR a” BETES PALROMRO PARES AR AN Nb on RRB F-14e RICK SiR M6.7 a 5. f a PL IA | 22011
Slide 18: WS PowER
WS PowER 2011 \\\8 7 U-Heia : ZRH EFL Mw9. 0 AIAG 748 15K 75 BT PS + Bae _b OD FA eo AA ER - ABEL SY « KLUB SR (LUA BA ER) Sgatcuim | ( } Lok mat 9 BETSY e
Slide 19: Overseas business: PJM and CCGT
2018 12 • 2017 1 25% 926MW • 2018 12 CCGT*1 25% PJM*2 (MW) (MW) 8,000 6,000 3,300 - 3,300 2,016 - 2,016 4,000 944 - 944 2,000 656 895 1,551 6,916 895 7,811 - '12 '13 '14 '15 '16 '17 '18 3Q *1 CCGT Combined Cycle Gas Turbine : *2 PJM Independent System Operator 18
Slide 20: Overseas business: IPP and CfD projects
2018 12 • 2011 IPP 2,000MW 1,000MW 2 • 34% • 25 1 2020 6 2 2020 12 • 860MW • CfD *3 15 25% • 2021 *3 CfD Contract for Difference CfD LCCC Low Carbon Contracts Company CfD 19
Slide 21: IGCC and IGFC technology
: IGCC IGCC IGFC CO2 : J-POWER 50% 50% 166MW : 1,180t/ IGCC : 2 IGFC : IGCC 20
Slide 22: Consolidated income statement trend
2014 2015 2016 2017 2017 3Q 2018 3Q 7,506 7,800 7,444 8,562 6,346 6,599 5,881 5,708 5,385 6,319 4,705 5,093 1,089 1,559 1,498 1,630 1,186 1,068 535 532 559 612 454 438 6,777 6,921 6,626 7,519 5,346 5,822 728 879 817 1,043 1,000 777 227 178 205 291 235 173 156 108 132 97 86 92 70 69 72 193 148 80 362
Slide 23: Electric power business results
2014 2015 2016 2017 2017 3Q 2018 3Q 5,579 5,523 5,224 6,145 4,587 4,847 5,485 5,430 5,109 6,014 4,496 4,742 4,953 4,902 4,579 5,456 4,072 4,346 532 527 529 558 424 396 93 93 115 131 90 104 5,133 5,107 4,948 5,715 4,035 4,492 5,049 5,023 4,842 5,593 3,949 4,393 285 318 436 342 251 241 (- 43) (- 23) (
Slide 24: Results by segment
* 2018 5,107 3,167 1,068 207 9,550 -2,950 6,599 3Q 5,093 254 1,068 183 6,599 - 6,599 315 151 258 10 734 -2 732 2017 4,718 2,813 1,186 171 8,890 -2,543 6,346 3Q 4,705 305 1,186 149 6,346 - 6,346 534 137 326 7 1,005 1 1,007 388 353 -118 35 659 -406 252 387 -51 -118 34 252 - 252 -219 13 -68 3 -270 -3 -
Slide 25: Cash flow
2014 2015 2016 2017 2017 3Q 2018 3Q 1,478 1,461 1,154 1,603 1,008 1,007 615 584 671 990 978 732 778 734 496 534 385 381 -1,429 -1,315 -1,376 -1,096 -631 -1,445 -879 -375 -175 -147 -103 -117 * -611 -1,063 -998 -941 -388 -611 48 145 -222 506 376 -438 * 24
Slide 26: Key financial data
2014 2015 2016 2017 2017 3Q 2018 3Q 7,506 7,800 7,444 8,562 6,346 6,599 728 879 817 1,043 1,000 777 593 585 671 1,024 1,007 732 432 400 414 684 656 517 26,591 25,407 26,062 26,470 26,525 27,975 5,069 4,410 4,761 5,257 4,946 5,460 6,887 6,665 7,238 7,872 7,833 8,241 6,962 6,754 7,640 8,361 8,323 8,77
Slide 27: Sales volume data
2017 4 - 2017 12 2018 4 - 2018 12 79 78 422 kWh 406 kWh * 26
Slide 28: Sales volume data
2017 4 - 2017 12 2018 4 - 2018 12 102 110 71 kWh 80 kWh 27
Slide 29: Sales volume data
2017 4 - 2017 12 5.5 kWh 2018 4 - 2018 12 5.3 kWh 28
Slide 30: Operating rates
2017 4 - 2017 12 501 kWh 2018 4 - 2018 12 513 kWh 4 - 12 112% 96% 96% 102% 29
Slide 31: http://www.jpower.co.jp/
http://www.jpower.co.jp/ 30
Electric Power Development Co., Ltd. (J-POWER) — Q3 FY2018 Earnings Presentation on 6ix