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

Electric Power Development — FY2016 Earnings Presentation

48 slides from Electric Power Development's earnings presentation, Apr 28, 2017

  1. Slide 1: FY2016 Financial Results

    2017 3 W POWER 2017 4 28

  2. Slide 2: kWh

    SW PowER kWh

  3. Slide 3: Contents

    . 2017 3 28  4  5  7  8  9  10 . 2018 3 29  12  13  14 .  16  19  捗 20 遡 遡 2

  4. Slide 4: FY2016 Results

    SW PowER 2017 3 28

  5. Slide 5: 2015 2016 2016 7,800 7,444 -356 -4.6% 7,130 4.4% -61 -7.0% 730 87 12.0%

    2015 2016 2016 7,800 7,444 -356 -4.6% 7,130 314 4.4% 879 817 -61 -7.0% 730 87 12.0% 585 671 86 14.7% 530 141 26.7% 400 414 13 3.4% 370 44 12.0% 2015 2016 2016 5,523 5,224 -298 -5.4% 5,080 144 2.8% 415 276 -139 -33.5% 280 -3 -1.3% 401 564 162 40.6% 580 -15 -2.6% 308 515 207 67.3% 510 5 1.1% 2015 2016

  6. Slide 6: kWh

    [ ] 2015 2016 kWh 673 627 -45 -6.7% 103 85 -18 -17.6% 562 535 -27 -4.9% 7 7 0 2.4% 138 146 7 5.7% [ ] 111% 92% - 19 80% 75% - 5 *1 *2 5

  7. Slide 7: THB/US$ 12 /US$ /THB

    2015 2016 7,800 7,444 -356 -4.6% 5,708 5,385 -322 -5.7% 5,196 4,872 -324 -6.2% 489 490 0 0.1% 1,559 1,498 -60 -3.9% 532 559 26 5.0% /US$ 120.15 108.34 /THB 12 3.34 3.24 THB/US$ 12 36.09 35.83 *1 *2 6

  8. Slide 8: 55 470 475 475 490 490 200 440 400 400 / 100 - 2015

    700 600 15 140 125 180 145 25 20 500 40 55 400 671 300 585 455 470 475 475 490 490 200 440 400 400 / 100 - 2015 2015 1 2 3 4 5 6 7 8 9 2016 2016 7

  9. Slide 9: J-POWER IPP

    * 2016 5,402 3,573 1,498 239 10,714 -3,270 7,444 5,385 340 1,498 219 7,444 - 7,444 222 142 312 13 690 -19 671 2015 5,724 3,591 1,559 230 11,107 -3,306 7,800 5,708 319 1,559 213 7,800 - 7,800 322 144 114 8 589 -4 585 -322 -18 -60 9 -392 35 -356 -322 20 -60 6 -356 - -356 -100 -2 197 5 100 -14 86 J-POW

  10. Slide 10: 2015 2016 7,800 7,444 -356 5,708 5,385 -322 1,559 1,498 -60 532 559 26

    2015 2016 7,800 7,444 -356 5,708 5,385 -322 1,559 1,498 -60 532 559 26 6,921 6,626 -294 879 817 -61 139 77 178 205 26 108 132 23 69 72 2 472 351 -121 304 297 -6 167 53 -114 585 671 86 162 274 400 414 13 9

  11. Slide 11: ( ) 2015 2016 22,322 22,710 9,482 9,587 3,574 3,320 -254 1,018 925 -93

    ( ) 2015 2016 22,322 22,710 387 9,482 9,587 105 3,574 3,320 -254 1,018 925 -93 4,410 4,761 350 443 92 734 736 2 3,102 3,379 276 3,084 3,352 268 25,407 26,062 655 16,287 16,200 -87 2,365 2,221 -143 18,652 18,422 -230 6,508 6,895 387 157 342 185 88 402 313 6,754 7,640 885 D/E 2.4 2.2 (%) 26.2% 27.8% 1

  12. Slide 12: FY2017 Forecast

    SW PowER 2018 3 29

  13. Slide 13: 2016 2017 2016 2017 7,444 7,980 7.2% 5,224 5,910 13.1% 817 820 2 0.3%

    2016 2017 2016 2017 7,444 7,980 535 7.2% 5,224 5,910 685 13.1% 817 820 2 0.3% 276 300 23 8.6% 671 660 -11 -1.7% 564 410 -154 -27.4% 414 460 45 11.0% 515 370 -145 -28.2% 2016 2017 1,706 1,680 -26 -1.6% 2016 35 35 70 2017 35 35 70 12

  14. Slide 14: /US$ /THB THB/US$

    2016 2017 2016 2017 kWh 92% 100% 627 645 17 2.8% 75% 77% 85 90 5 6.3% 12 535 546 11 2.2% /US$ 116.49 115 7 8 0 7.3% /THB 3.24 3.2 146 107 -39 -27.1% THB/US$ 35.83 35.83 7,444 7,980 535 7.2% /US$ 108.34 115 5,385 6,086 700 13.0% 4,872 5,540 667 13.7% 490 489 -1 -0.2% 1,498 1,313 -185 -12.4% 559 575 1

  15. Slide 15: +100 +110 +5 +55 676 666 666 661 660 626 626 500 / 400

    800 65 +100 +110 115 700 30 +5 55 +55 15 600 706 671 671 676 676 666 666 661 660 626 626 500 / 400 2016 1 2 3 4 5 6 7 8 9 2017 14

  16. Slide 16: SW PowER

    SW PowER

  17. Slide 17: SW PowER

    SW PowER

  18. Slide 18:   捗 捗 • • • • • 灘 灘

      捗 捗 • • • • • 灘 灘 17

  19. Slide 19: SW PowER

    SW PowER 7

  20. Slide 20: WS PowER

    WS PowER

  21. Slide 21: 捗 葛 灘

    捗 葛 灘 20

  22. Slide 22: 捗

    捗 21

  23. Slide 23: APPENDIX

    APPENDIX 1 23 32 2 33 46 22

  24. Slide 24: 1. 2. 3. 4. 5.

    1 1. 24 2. 25 3. 27 4. 28 5. 29 23

  25. Slide 25: Financial data (1)

    1 -1. 2012 2013 2014 2015 2016 6,560 7,068 7,506 7,800 7,444 6,053 6,090 5,881 5,708 5,385 16 428 1,089 1,559 1,498 490 549 535 532 559 6,014 6,476 6,777 6,921 6,626 545 591 728 879 817 175 223 227 178 205 117 163 156 108 132 58 59 70 69 72 273 414 362 472 351 223 253 282 304 297 49 161 79 167 53 44

  26. Slide 26: Financial data (2)

    1 -2. 2012 2013 2014 2015 2016 5,869 5,828 5,579 5,523 5,224 -298 5,772 5,729 5,485 5,430 5,109 -321 5,206 5,167 4,953 4,902 4,579 -322 566 562 532 527 529 1 97 99 93 93 115 22 5,436 5,423 5,133 5,107 4,948 -159 5,347 5,334 5,049 5,023 4,842 -180 340 298 285 318 436 118 (5) (-30) (- 43) (- 23) (107)

  27. Slide 27: Financial data (2)

    1 -2. 2012 2013 2014 2015 2016 63,366 63,076 61,606 65,332 60,776 9,032 8,759 9,028 10,322 8,508 54,333 54,316 52,577 55,010 52,268 102 99 98 111 92 78 79 76 80 75 : 2012 2013 2014 2015 2016 8 2 -14 -20 -10 -0 -47 -49 -13 167 7 -45 -63 -33 156 5 -30 -43 -23 107 2 -14 -20 -10 49 : 2012 2013 2014 2015

  28. Slide 28: Financial data (3)

    1 -3. 2012 2013 2014 2015 2016 1,197 1,221 1,478 1,461 1,154 451 427 615 584 671 894 815 778 734 496 -1,703 -1,773 -1,429 -1,315 -1,376 -1,002 -957 -879 -375 -175 * -662 -865 -611 -1,063 -998 -505 -552 48 145 -222 CF 2,000 1,500 1,000 500 - 2012 2013 2014 2015 2016 * 27

  29. Slide 29: Financial data (4)

    1 -4. 2012 2013 2014 2015 2016 6,560 7,068 7,506 7,800 7,444 545 591 728 879 817 448 400 593 585 671 298 286 432 400 414 21,699 23,852 26,591 25,407 26,062 4,646 5,126 5,069 4,410 4,761 4,539 5,162 6,887 6,665 7,238 4,538 5,194 6,962 6,754 7,640 15,230 16,499 17,236 16,287 16,200 -1,703 -1,773 -1,42

  30. Slide 30: Electricity sales data (5)

    1 -5.  2015 4 - 2016 3  2016 4 - 2017 3 80 75 562 kWh 535 kWh * 29

  31. Slide 31: Electricity sales data (5)

    1 -5.  2015 4 - 2016 3  2016 4 - 2017 3 111 92 103 kWh 85 kWh 30

  32. Slide 32: Electricity sales data (5)

    1 -5.  2015 4 - 2016 3 7.5 kWh  2016 4 - 2017 3 7.6 kWh 31

  33. Slide 33: Operating data (5)

    1 -5. 200% 150% 100% 50% 0% 4 5 6 7 8 9 10 11 12 1 2 3 4 -3 76% 76% 80% 60% 85% 86% 137% 93% 84% 102% 78% 69% 82% 106% 86% 77% 81% 86% 104% 108% 114% 105% 98% 87% 98% 95% 104% 106% 104% 85% 110% 79% 97% 139% 109% 96% 107% 91% 102% 98% 84% 78% 77% 86% 101% 111% 113% 102% 99% 86% 93% 93% 32

  34. Slide 34: SW PowER

    SW PowER

  35. Slide 35: J-POWER Group power generation assets

    2 -1. J-POWER →p.36 →p.36 15MW 2017 4 1 →p.37 440MW 6,677MW*1 24,555MW →p.36 17,878MW 8,571MW 17,878MW*1 →p.35 8,852MW 2017 3 2017 3 1 →p.39 1 2 →p.39 *2 →p.41 600MW 1,200MW 1,383MW 2017 2018 2019 2020 2021 →p.40 →p.40 →p.39 →p.39 926MW 232MW*1 2,000MW 680MW*1 645MW 323MW*1 1,200MW 540MW*1 *1 : *2 3

  36. Slide 36: Thermal power plants

    2 -2. 2017 3 J-POWER 7 8,374MW :5 478MW*1 MW MW 1 2002 600 100% 108 2 2009 562*2 100% 105 1 1968 250 2 1969 250 64% 149 45% 167 1 1967 250 40% 238 2 1974 350 3 1983 700 1 2000 1,050 2 2000 1,050 1 1981 500 2 1981 500 1 1990 1,000 2 1997 1,000 1 1986 156 2 1987 156 *1 : 35 *2 2 2012 12 600MW 562MW

  37. Slide 37: Hydroelectric and other plants

    2 -2. 2017 3 61 8,571MW : 22 440MW*1 3,601MW 4,970MW (20MW ) MW (100MW ) MW 100% 30.6 1988 1,000 100% 28.0 1958 560 100% 21.0 1963 182 100% 24.8 1959 400 100% 28.0 1978 1,000 100% 66.0 1996 600 100% 34.0 1973 675 100% 22.0 1972 1,125 100% 20.0 1956 350 100% 28.5 1961 215 99% 26.0 1968 220 1979 250 1

  38. Slide 38: Overseas power generation projects

    2 - 3. 2017 3 MW MW 16 5,947 3,300 10 24.7% 2 2024 CCGT*2 112 20% 22 / 2024 CCGT*2 110 49% 54 / 2019 CCGT*2 117 49% 57 / 2020 CCGT*2 120 49% 59 / 2021 20 49% 10 2031 2 CCGT*2 1,468 49% 719 2033 7 SPP*1 CCGT*2 790 57.7% 456 / 2038 CCGT*2 1,600 60% 960 2039 CCGT*2 1,600 60% 960 2040 10 4,504 1,785 CCG

  39. Slide 39: Overseas power generation projects

    2 - 3. 2017 3 MW MW 5 8,958 936 50 24% 12 1 *1 / 450 27% 122 1 *1 *2 6,368 7% 447 - 2,090 17% 355 1 *1 / 5 1,446 656 CBK 3 728 50% 364 2026 ( ) CCGT*3 670 40% 268 2028 48 50% 24 ENERGA 2023 (MW) MW 8,000 6,000 3,300 - 3,300 4,000 1,785 232 2,016 936 - 936 2,000 656 680 1,336 - 6,677 912 7,588 '10 '1

  40. Slide 40: -4.   茨  

    2 -4.   茨   39

  41. Slide 41: IPP projects in the US

    2 -5. 2017 3 • 2011 IPP 2,000MW 1,000MW 2 • 34% • 25 1 2020 6 2 2020 12 • 2017 1 25% • 2018 926MW PJM*2 CCGT*1 25% • J 11 2018 200 *1 CCGT Combined Cycle Gas Turbine *2 PJM Independent System Operator DC 40

  42. Slide 42: Oma nuclear power project

     2014 12 16   1,383MW ABWR MOX 2017 3 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 41

  43. Slide 43: WS PowER

    WS PowER | v 2018 2023 v 1,300 sree sits BABS | BRECK, BH HEROS | aR ARE OKRA iS SEOs HBR ROBE | | KSA OBC ia TT RBELAUVORAPO BL ia BBO PEBABHS MH HED OR A? PME oe -4--- > AASUIRES I bE I b-E me here ou / # = N= are , ! set ne wpaekaretim |B + pe” —_ PAM ACTP.H1nt > ae ca] fT Hr ATE yt H — ln H it |

  44. Slide 44: WS PowER -7.

    WS PowER 2 -7. 7 0" 14] T + + > 46" —_ onnee —| we 8 ERAS AMEO FL hE AE =A MOWR™ Mw8.3 Le a taal S| AE MAAS AME M75 fie te), Saeeeer nae ILHAM FABRIS EOD f° 2 M+ HAST AME M82 Bee Fe a > REBAR KS M75 PEFR a” BETES PALROMRO POR Mb ABA _JAPP-P@@@a >A} Ff J I er” RGB F-14BF RICK SRR M6.7 4 XK: FEM 234F

  45. Slide 45: WS PowER

    WS PowER ZAR EF IL Mw8. 2 fi “fl Ly 7 U-Heia : ZRH EFL Mw9. 0 AIAG Sgatcuim | ( } 748 15K 75 BT PS + Bae _b OD FA eo AA ER - ABEL SY « KLUB SR (LUA BA ER) Lok mat 9 BETSY e

  46. Slide 46: IGCC and IGFC

    2 -8. : IGCC IGCC IGFC CO2 : J-POWER 50% 50% 166MW : 1,180t/  IGCC : 2  IGFC : IGCC 2017 3 IGCC 45

  47. Slide 47: CO2 emissions

    2 -9. 2016 *1 *2 1,266 t 15% 2010 779 t 7.5% 2010 803 1,070 t/ 10% 2014 *1 *2 J-POWER 10% 2012 11 /1,000kcal 12 LNG 10 8 6 4 2 0 2004 1 2017 2 : 46

  48. Slide 48: http://www.jpower.co.jp/

    http://www.jpower.co.jp/ 47

Electric Power Development Co., Ltd. (J-POWER) — FY2016 Earnings Presentation on 6ix