Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q3 FY2024 Earnings Presentation
20 slides from Chubu Electric Power Company,incorporated's earnings presentation, Feb 3, 2025
Slide 1: Presentation Materials for Nine-Months ended December 31, 2024
Presentation Materials for Nine-Months ended December 31, 2024 February 3, 2025
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Nine-Months ended December 31, 2024 Summary of Financial Results ･･･････････････01 Summary of Financial Results by Segments ･･･････････････04 Electrical Power Generation ･･･････････････08 [Reference] Image of Time Lag (Result) ･･･････････････09 Summary of Fo
Slide 3: Outline of Financial Results for Nine-Months ended December 31, 2024
Outline of Financial Results for Ⅰ Nine-Months ended December 31, 2024 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2024 represents the fiscal year begun on April 1, 2024, and ending on March 31, 2025. 3rd Quarter (3Q) represents nine months period ended
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenue: 2,651.6 billion yen Operating revenue decreased by 45.5 billion yen compared with 2023/3Q, mainly due to a decrease in fuel cost adjustment charge (-141.1 billion yen*). * including government support
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenue> (Operating revenue decreased by 45.5 billion yen) 2,800.0 28,000 (Billion yen) A decrease in fuel cost adjustment charge, etc.* 27,000 2,700.0 Others -141.1 2,600.0 26,000 95.6 2,500.0 25,000 2,697.1
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary profit> (Ordinary profit decreased by 214.6 billion yen) (Billion yen) 5,000 500.0 4,500 Time lag income 450.0 4,000 400.0 -110.0 Miraiz 3,500 (Excluding 350.0 (118.0→8.0) time lag) Losses related to offshore w
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenue] (Billion yen, %) 2024/3Q 2023/3Q Change (A) (B) (A-B) (A-B)/B Miraiz 2,142.6 2,166.5 (23.9) (1.1) Power Grid 684.1 665.4 18.6 2.8 Other (*1) 553.4 652.8 (99.4) (15.2) Adjustment (728.5) (787.7) 59.1 (7.5) Total 2,651.6 2,697.1 (45.5) (
Slide 8: Summary of Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary profit> ■ Ordinary profit decreased by 53.2 billion yen compared with 2023/3Q, mainly due to a decrease in the percentage of power procurement through the wholesale power trading market, etc. [Reference]
Slide 9: Summary of Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid <Factors contributing to change in Ordinary profit> Ordinary profit decreased by 52.9 billion yen compared with 2023/3Q, mainly due to an increase in supply and demand adjustment costs in spite of an increase in transmission revenue by an incr
Slide 10: Summary of Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary profit> Ordinary profit decreased by 93.5 billion yen compared with 2023/3Q, mainly due to a decrease of the time lag gain. [Reference] Ordinary profit excluding time lag: Approx. 44.0 billion yen (decreas
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Increased by 1.1 TWh since the flow rate was higher than 2023/3Q ■ Renewable energy Same as 2023/3Q (TWh,%) Change 2024/3Q 2023/3Q (A) (B) (A-B) (A-B)/B Hydro 7.9 6.8 1.1 16.5 <flow rate> <110.2> <95.7> <14.5> N
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) (Billion yen) ＜2023/3Q＞ ＜2024/3Q＞ 差益 差益 1,180 Income Income 80 億円 118.0 億円 8.0 収益の諸元 Elements of income （燃料調達からのタイムラグ） (time lag from fuel procurement) 費用の諸元 Elements of cost （燃料調達） (fuel procurement) 2023/4 2023/12 2024/4 2024/12 2024/12 2025/4 * The amount is
Slide 13: Summary of Forecast for FY2024 <1>
Summary of Forecast for FY2024 <1> <Forecast> (Consolidated) Forecast has not been revised from the previous announcement made on October 29, 2024. Consolidated operating revenue: 3,600.0 billion yen (forecast) Consolidated ordinary profit: 275.0 billion yen (forecast) ･ Operating revenue will decre
Slide 14: Summary of Forecast for FY2024 <2>
Summary of Forecast for FY2024 <2> [Principal Figures] Competitive impacts in sales <approx. 0.2> <Electrical Energy Sold by Miraiz> Impacts of temperature and market etc. <(approx. 1.1)> (TWh,%) Current October 29 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 107.7 108.6 (0.9) (0.8) Electrica
Slide 15: Reference Data: Financial Results
Ⅱ Reference Data: Financial Results C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Slide 16: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2024/3Q 2023/3Q Change (A) (B) (A-B) (A-B)/B Operating revenue 2,651.6 2,697.1 (45.5) (1.7) Share of profit of entities accounted for using equity method 52.1 163.8 (111.6) (68.1) Other 12.8 7.8 5.0 63.9 Non-operating income 65.0 171.6 (106.5) (62.1)
Slide 17: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Dec. 31, 2024 Mar. 31, 2024 Change (A) (B) (A-B) Assets 6,992.4 7,108.6 (116.1) Liabilities 4,197.0 4,413.5 (216.4) Net assets 2,795.3 2,695.0 100.2 Shareholders’ equity ratio (%) 39.0 36.4 2.6 Outstanding interest-bearing debt 3,068.4 3,079.1 (10.6) 13
Slide 18: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2024 FY2025 [Medium-term (Result) (Forecast) management plan] ROIC 5.5 approx. 4.0 3.2 or more ROA 5.8 approx. 4.0 - ROE 11.6 approx. 7.0 approx. 7.0 (Note) ROIC=Ordinary profit (loss)* before Interest Expenses and after Income Taxes / Average Invested
Slide 19: DISCLAIMER
DISCLAIMER The forecasts in this presentation are based on information available as of the date of this announcement was made, and also, assumptions as of the date of this announcement were made on uncertain factors that would affect future results. Actual results may materially differ by various ca
Slide 20: C o p y r i g h t © C h u b
C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
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