Electric Power Development Co., Ltd. · TSE:9513

Electric Power Development — Q3 FY2010 Earnings Presentation

27 slides from Electric Power Development's earnings presentation, March 2011

  1. Slide 1: 2011 2011 2011

    2011 3 22 3 2011 2011 11 31 31

  2. Slide 2: kWh

    WS POWER kWh

  3. Slide 3: Appendix

    . 2011 3 22 3 4 4 4 5 4 6 4 7 4 8 4 9 . 2011 3 22 4 11 4 12 4 13 4 14 Appendix 2

  4. Slide 4: WS POWER

    WS POWER 2011 3 22

  5. Slide 5: 2010 2009 % 4-12 4-12 4,689 4,269 9.8% 4,332 ,896 435 11.2% 663 368

    4 9 9 2010 2009 3 3 % 4-12 4-12 4,689 4,269 420 9.8% 4,332 3,896 435 11.2% 663 368 294 79.9% 624 315 308 98.0% 565 317 247 77.8% 492 189 302 159.6% 237 223 13 6.2% 197 136 61 45.0% 4

  6. Slide 6: kWh IPP PPS IPP PPS

    2010 2009 3 3 (%) 4-12 4-12 kWh 486 400 86 21.5% 4 83 67 15 23.6% +3 394 322 71 22.3% 9 IPP PPS 9 10 -1 -15.9% 9 2009 9 4,689 4,269 420 9.8% 837 833 3 0.4% 2,997 2,528 468 18.5% 4 IPP PPS 88 110 -21 -19.4% +468 407 407 -0 -0.0% 9 9 359 389 -30 -7.8% (%) 109% 87% 22 ― (%) 76% 62% 14 ― /US$ 87 94 -7 ―

  7. Slide 7: IPP

    +294 8 8 8 8 8 +247 8 +13 8 8 IPP 8 6

  8. Slide 8: 2010 2009 4-12 4-12 4,689 4,269 4,342 3,898 371 -24 4,026 3,901 125 3,647

    2010 2009 3 3 4-12 4-12 4,689 4,269 420 4,342 3,898 444 347 371 -24 4,026 3,901 125 3,647 3,503 143 223 269 -45 1,548 1,301 246 334 346 -11 214 211 3 800 865 -64 525 509 15 379 397 -18 663 368 294 105 138 -33 73 92 -18 31 46 -14 203 189 13 167 172 -4 36 17 18 565 317 247 7

  9. Slide 9: +261 +200 +100 2010 2009 4-12 4-12 A 1,022 -28 B -731 -909 177

    4 3 +261 149 +200 +100 2010 2009 3 3 4-12 4-12 A 993 1,022 -28 B -731 -909 177 -237 -137 -100 A+B) 261 112 149 * 2 2010 10 29 8

  10. Slide 10: 20.8 0.4 2010 2009 18,333 18,798 -464 11,883 12,266 -383 557 496 61 2,907

    4 86 4 20.8 0.4 2010 2009 3 18,333 18,798 -464 11,883 12,266 -383 557 496 61 2,907 3,097 -189 453 386 66 2,530 2,551 -20 1,820 1,442 378 20,154 20,240 -86 14,385 14,525 -139 1,581 1,565 16 15,967 16,090 -123 -8 23 -31 4,195 4,126 68 4,187 4,149 37 20,154 20,240 -86 D/E 3.4 3.5 20.8% 20.4% 9

  11. Slide 11: WS POWER

    WS POWER 2011 3 22 10

  12. Slide 12: 2010 2009 * * (%) 6,310 6,310 5,844 8.0% 5,810 ,790 5,304 505 9.5%

    4 4 3 2010 2009 * * (%) 6,310 6,310 5,844 465 8.0% 0 5,810 5,790 5,304 505 9.5% 20 620 570 489 130 26.7% 50 550 520 409 140 34.5% 30 490 440 416 73 17.5% 50 360 330 237 122 51.3% 30 200 210 291 -91 -31.4% -10 130 150 163 -33 -20.6% -20 2010 35 35 70 * 2010 10 29 11

  13. Slide 13: kWh /US$

    2010 2009 * * kWh 655 640 572 83 15 4 +0 103 103 92 11 0 9 537 522 465 72 14 9 2009 9 6,310 6,310 5,844 465 0 1,090 1,090 1,089 0 0 4 4,040 4,040 3,496 543 0 +543 9 108% 105% 96% 12 3 9 78% 76% 68% 10 2 /US$ 86 90 93 -7 -4 * 2010 10 29 12

  14. Slide 14: * 2009 …(a) +60 +60 +70 +70 +85 +55 +30 ▲ ▲ 0 +20

    * 2009 …(a) 416 416 +60 +60 0 +70 +70 0 +85 +55 +30 ▲ 30 ▲ 50 +20 ▲ 25 ▲ 25 0 ▲ 30 ▲ 30 0 ▲ 30 ▲ 30 0 ▲ 25 ▲ 25 0 …(b) +75 +25 +50 2010 …(c)=(a)+(b) 490 440 +50 * 2010 10 29 13

  15. Slide 15: 96MW 1,600MW PPA

    4 3 74 13 90 / 4 4,000 160 ‘10 6 96MW 3,500 140 4 113 3,000 120 ‘10 7 1,600MW 2,500 100 85 PPA 78 74 2,000 80 ‘10 10 SPP 7 780MW 53 1,500 60 EPC 1,000 40 / / 500 20 2009 92 2.8 2010 3 84 2.8 0 0 2010 81 2.7 '06 '07 '08 '09 '10 3Q * 2006 2009 3 2010 3 12 14

  16. Slide 16: APPENDIX

    WS POWER APPENDIX 15

  17. Slide 17: APPENDIX

    APPENDIX 4 17 4 18 4 19 4 20 4 21 4 22 4 23 4 24 4 25 16

  18. Slide 18: 2,000 1,563 1,234 1,154 1,120 1,016 1,000 11 162 (1,000) (a) (b) (a)+(b) (2,000)

    2,000 1,563 1,234 1,154 1,120 1,016 1,000 262 396 200 18 0 211 162 (1,000) (a) (b) (a)+(b) (2,000) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 * 2010 17

  19. Slide 19: [EBITDA]

    5,732 5,877 7,049 5,844 4,269 4,689 [EBITDA] 1 2,002 1,657 1,717 1,692 1,265 1,497 771 507 571 489 368 663 555 428 395 416 317 565 351 293 194 291 223 237 4,611 4,663 3,801 4,126 3,997 4,195 19,997 20,131 20,054 20,240 20,270 20,154 14,215 14,238 14,707 14,525 14,688 14,385 1,572 1,362 1,586 1,691 1

  20. Slide 20: E(%) t) FOB

    9.7% 7.3% 5.6% 7.1% 7.4% 12.1% (%) 23.1% 23.2% 19.0% 20.4% 19.7% 20.8% / 3.1 3.1 3.9 3.5 3.7 3.4 E(%) 1 7.9% 6.3% 4.6% 7.4% - - (%) 2 2.8% 2.1% 2.0% 2.1% - - ( ) 211.14 175.99 121.65 194.26 149.02 158.32 ( ) 2,768.95 2,800.18 2,533.28 2,750.20 2,663.83 2,795.84 1 ROE= / 2 ROA= / t) 1,857 2,023 1,940

  21. Slide 21: kWh) (MW) CO2

    ( kWh) 58,672 60,786 57,532 55,760 38,969 47,747 10,633 8,287 8,384 9,214 6,747 8,342 48,039 52,499 49,147 46,546 32,222 39,405 1,657 1,682 1,616 1,477 1,095 921 60,329 62,469 59,148 57,238 40,065 48,668 4,500 4,572 5,712 4,586 3,362 3,834 1,234 1,145 1,109 1,089 833 837 3,265 3,427 4,603 3,496 2,52

  22. Slide 22: 5,732 5,877 7,049 5,844 4,269 4,689 5,237 5,317 6,483 5,302 3,898 4,342 494 560

    5,732 5,877 7,049 5,844 4,269 4,689 5,237 5,317 6,483 5,302 3,898 4,342 494 560 565 541 371 347 4,961 5,370 6,478 5,355 3,901 4,026 4,444 4,778 5,888 4,786 3,503 3,647 272 377 436 362 269 223 1,498 1,915 2,643 1,780 1,301 1,548 411 304 514 444 346 334 317 302 332 320 211 214 1,185 1,103 1,101 1,160

  23. Slide 23: 465 kWh 394 kWh

    4 2009 4 - 2010 3 4 2010 4 - 2010 12 68 76 465 kWh 394 kWh 22

  24. Slide 24: 92 kWh 83 kWh

    4 2009 4 - 2010 3 4 2010 4 - 2010 12 96 109 92 kWh 83 kWh 23

  25. Slide 25: WS POWER

    WS POWER th 24

  26. Slide 26: IPP PPS

    IPP PPS 4 2009 4 - 2010 3 14 kWh 4 2010 4 - 2010 12 9 kWh 25

  27. Slide 27: http://www.jpower.co.jp/

    http://www.jpower.co.jp/ 26

Electric Power Development — Q3 FY2010 Earnings Presentation on 6ix