Tokyo Electric Power Company Holdings, Incorporated · TSE:9501

Tokyo Electric Power — FY2007 Earnings Presentation

31 slides from Tokyo Electric Power's earnings presentation, Apr 30, 2008

  1. Slide 1: FY2007 Financial Results Presentation Materials

    FY2007 Financial Results (April 1, 2007 – March 31, 2008) Presentation Materials April 30, 2008 Masataka Shimizu Vice President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  2. Slide 2: Regarding Forward-Looking Statements (Performance Projections)

    Regarding Forward-Looking Statements (Performance Projections) Certain statements in the following presentation regarding Tokyo Electric Power Company’s business operations may constitute “forward-looking statements.” As such, these statements are not historical facts but rather predictions about th

  3. Slide 3: Overview of FY2007 Financial Results

    Overview of FY2007 Financial Results The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  4. Slide 4: The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

    The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  5. Slide 5: FY2007 Results Summary (Consolidated and Non-consolidated)

    FY2007 Results Summary (Consolidated and Non-consolidated) (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B)(%) Electricity sales volume (Billion kWh) 297.4 287.6 9.8 103.4 5,479.3 5,283.0 196.3 10

  6. Slide 6: Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station

    Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station (Unit: Billion yen) FY2007 projection FY2007 FY2008 projection (as of Jan. 30) actual performance 2Q of the year Total 603.5 615.0 307.0 Fuel expenses, etc. 440.0 420.0 300.0 Increase in fuel expenses and purchased power 460.0 440.0

  7. Slide 7: Performance Outlook for FY2008

    Performance Outlook for FY2008 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income or loss Ordinary income or loss Net income or loss FY2008 projection 2,835.0 -15.0 -60.0 -40.0 2Q of the year 2,725.0 -30.0 -85.0

  8. Slide 8: Key Factors Affecting Performance and Financial Impact

    Key Factors Affecting Performance and Financial Impact Key Factors Affecting Performance FY2008 projection FY2007 actual 2Q of the year actual projection (as of Jan. 30) Electricity sales volume (billion kWh) 296.0 146.6 297.4 296.9 Crude oil prices (All Japan CIF; dollars per barrel) approx. 95 app

  9. Slide 9: FY2007 Financial Results (Detailed Information)

    FY2007 Financial Results (Detailed Information) The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  10. Slide 10: The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

    The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  11. Slide 11: FY2007 Results (Comparison with previous projection)

    FY2007 Results (Comparison with previous projection) (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income or loss Net income FY2007 5,479.3 136.4 33.1 -150.1 actual performance 5,224.3 95.0 -22.0 -

  12. Slide 12: Statement of Income (Consolidated)

    Statement of Income (Consolidated) 54 affiliated companies accounted for (Unit: Billion yen) under the equity method of Eurus Energy Holdings Corporation Comparison FY2007(A) FY2006 (B) +\ 3.5billion(+0.3billon) (A)-(B) (A)/(B) (%) KANDENKO., LTD Operating revenues 5,479.3 5,283.0 196.3 103.7 +\ 3.1

  13. Slide 13: Revenues Breakdown (Non-consolidated)

    Revenues Breakdown (Non-consolidated) (Unit: Billion yen) Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary revenues 5,265.8 5,057.9 207.8 104.1 Increase in electricity sales volume Operating revenues 5,224.3 5,015.0 209.3 104.2 (+9.8 billion kWh) +¥160.0 billion Electric power operating

  14. Slide 14: Expenses Breakdown (Non-consolidated)

    Expenses Breakdown (Non-consolidated) (Unit: Billion yen) Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary expenses 5,287.8 4,685.8 601.9 112.8 Operating expenses 5,129.3 4,519.1 610.2 113.5 Electric power operating expenses 5,075.0 4,426.2 648.7 114.7 Personnel 337.7 458.9 -121.2 73.6 F

  15. Slide 15: Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated) Personnel expenses (¥458.9 billion to ¥337.7 billion) -¥121.2 billion Retirement benefits* -¥119.0 billion Decrease in amortization of actuarial difference** (-¥48.5 billion to -¥11.7 billion) *The total amount of the prior serv

  16. Slide 16: Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated) Maintenance expenses (¥459.0 billion to ¥432.1 billion) -¥26.9 billion Generation related (¥223.4 billion to ¥207.0 billion) -¥16.4 billion Hydroelectric power (¥15.3 billion to ¥12.2 billion) -¥3.1 billion T hermal power (¥88.0

  17. Slide 17: Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated) Purchased power (¥650.6 billion to ¥773.1 billion) +¥122.5 billion Inter-company power purchases (¥225.1 billion to ¥259.5 billion) +¥34.4 billion Purchases of power from other companies (¥425.4 billion to ¥513.5 billion) +¥88.0

  18. Slide 18: Balance Sheets (Consolidated and Non-consolidated)

    Balance Sheets (Consolidated and Non-consolidated) (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Bond issues in FY2007 Mar. 31, Mar. 31, Comparison Issue am ount Period Coupon rate Issue date (billion yen) (year) (% per annum) 2008 (A) 2007 (

  19. Slide 19: Free Cash Flow and its Application (Consolidated and Non-consolidated)

    Free Cash Flow and its Application (Consolidated and Non-consolidated) (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Net cash provided by operating 509.8 1,073.6 -563.8 47.5 activities 425.

  20. Slide 20: Segment Information

    Segment Information (U n it: Billio n ye n ) Co m p aris o n Major subsidiaries in each segment (Unit: Billion yen) F Y 2007 (A ) F Y 2006 (B ) Operating revenues Operating income (A )-( B ) (A ) /(B ) ( % ) Increase or Increase or O p eratin g reven u es 5,479.3 5,283.0 196.3 103.7 decrease decreas

  21. Slide 21: Total Power Generated and Purchased and Electricity Sales Volume

    Total Power Generated and Purchased and Electricity Sales Volume Total Power Generated and Purchased (Units: Billion kWh, % ) Average Monthly Temperature (Unit: ) FY2007 Jan. Feb. Mar. 1st half 2nd half T otal FY2007 5.0 4.6 9.9 Total power generated and purchased 160.72 162.40 323.12 (2.9) (3.7) (3

  22. Slide 22: Reference: Business Management Plan Targets and Performance

    Reference: Business Management Plan Targets and Performance (Fiscal year) FY 2007 Business 2002 2003 2004 2005 2006 2007 Management Plan FY 2007-2009 Targets Profit and Free Cash Flow (FCF) Targets ROA 3.6 3.5 4.1 4.2 4.1 1.0 At least 4% (%) 3.7 3.5 4.0 4.1 3.8 0.7 At least 4% FCF 648.5 557.8 946.8

  23. Slide 23: The Present Status of the Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives

    Reference The Present Status of the Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives - Progress & Key Changes since the Management Plan Announcement on March 27, 2008 - The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008

  24. Slide 24: Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations

    RE: FY2008 Business Management Plan Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations Restoration Initiatives at the Kashiwazaki-Kariwa Nuclear Power Station Earthquake-Resistance Improvement Initiatives Earthquake- Geological survey and Facility inspection response analysis assessme

  25. Slide 25: Investigation and Analysis Schedule -1

    Facility Soundness Evaluation Investigation and Analysis Schedule -1 Status of Inspection and Evaluation Plan Submissions Inspection and Evaluation Plan for reactor unit 1,3,5,6 and 7 have been submitted. <Schedules for inspection and evaluation plan of facility soundness> 2007 2008 Reference 11 12

  26. Slide 26: Investigation and Analysis Initiatives to Date

    Facility Soundness Evaluation Investigation and Analysis Initiatives to Date Facility Inspection Reactor Inspections The inspections of all seven reactors finished. The inspections found no abnormalities affecting facilities functions or structures. Turbine Inspections Under the detailed inspection

  27. Slide 27: Investigation and Analysis Schedule -2

    Facility Soundness Evaluation Investigation and Analysis Schedule -2 Submission of an Interim Report on Unit 7 Facility Soundness Evaluation to the Nuclear and Industrial Safety Agency (NISA) on April 10, 2008 Interim Report For Unit 7, having completed most of the inspections and earthquake-respons

  28. Slide 28: Determination of Ground Movement Standard (Ss)

    Earthquake-Resistance Improvement Initiatives Determination of Ground Movement Standard (Ss) Based on the results of geological surveys and other information, TEPCO evaluated active faults in the vicinity and reported its findings to the Earthquake, Tsunami, Geology and Soil Joint Working Group unde

  29. Slide 29: Seismic Safety Evaluations of Fukushima Daiichi and Daini Nuclear Power Stations

    Reference Seismic Safety Evaluations of Fukushima Daiichi and Daini Nuclear Power Stations (Interim report) ‹ On March 31, 2008, TEPCO submitted an interim report on seismic safety evaluations (backchecks) of Fukushima Daiichi and Daini nuclear power stations based on the new earthquake-resistance s

  30. Slide 30: Governmental Inspection and Investigation System

    Reference Governmental Inspection and Investigation System METI Cabinet Office and Nuclear and Industrial Nuclear and Industrial Nuclear Safety Safety Agency (NISA) Double check Commission Safety Division Monitoring and auditing of Report administrative agencies’ regulations Subcommittee on Nuclear

  31. Slide 31: Detailed Inspection of Unit 7 Turbine

    Reference Detailed Inspection of Unit 7 Turbine Turbine Inspection (Detailed Inspection of Unit 7) Removed all rotor blades from stage 14 (on turbine and generator sides) of low-pressure turbines A, B and C (152 blades per side, 912 total) and confirmed damage to 2 forks (bases of blades) , 1 in tur

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