Electric Power Development Co., Ltd. · TSE:9513
Electric Power Development — Q1 FY2017 Earnings Presentation
30 slides from Electric Power Development's earnings presentation, Jul 29, 2016
Slide 1: J-POWER Q1 FY2017/3 results
2017 3 W POWER 2016 7 29
Slide 2: Results overview
SW PowER kWh
Slide 3: Summary of results
mo Aa &A A&A & &
Slide 4: Consolidated results and segment overview
2015 2016 1,895 1,675 -219 -11.6% 289 355 65 22.6% 277 355 78 28.2% 203 268 65 32.1% 2015 2016 1,349 1,138 -210 -15.6% 197 248 51 26.0% 180 248 67 37.4% 131 186 54 41.9% 2015 2016 550 572 22 4.0% * 3
Slide 5: Electric power sales volumes
[ ] 2015 2016 1 1 kWh 144 123 -20 -14.5% 30 23 -6 -22.5% 112 98 -14 -12.5% 1 1 0 4.8% 31 36 5 16.2% [ ] 108% 87% - 21 65% 56% - 9 *1 *2 4
Slide 6: Revenues and exchange rates
2015 2016 1 1 1,895 1,675 -219 -11.6% 1,387 1,183 -204 -14.7% 1,257 1,053 -204 -16.3% 122 122 0 0.1% 395 386 -8 -2.3% 111 106 -5 -5.2% /US$ 121.43 108.04 /THB 3 3.70 3.19 THB/US$ 3 32.56 35.24 *1 *2 5
Slide 7: + / + +
+ 65 1 2 / 1 1 2 2 1 2 + 78 + 65 6
Slide 8: Income statement comparison
2015 2016 4-6 4-6 1,895 1,675 -219 1,387 1,183 -204 204 395 386 -8 111 106 -5 1,605 1,320 -284 289 355 65 51 14 69 81 12 33 31 -2 19 31 12 16 18 1 82 81 -0 75 76 0 6 5 -1 277 355 78 67 10 203 268 65 7
Slide 9: Balance sheet
( ) 2016 2015 1 22,322 22,083 -239 9,482 9,518 36 3,574 3,382 -192 1,018 993 -24 4,410 4,427 16 79 62 734 735 1 3,102 3,024 -77 3,084 2,644 -439 25,407 24,727 -679 16,287 15,794 -493 2,365 2,199 -165 18,652 17,993 -658 6,508 6,718 209 157 -67 -224 88 82 -5 6,754 6,733 -20 D/E 2.4 2.4 (%) 26.2% 26.9%
Slide 10: Full-year forecasts
2015 2016 2015 2016 7,800 7,130 -670 -8.6% 5,523 5,220 -303 -5.5% 879 730 -149 -17.0% 415 270 -145 -35.1% 585 530 -55 -9.5% 401 330 -71 -17.9% 400 370 -30 -7.7% 308 260 -48 -15.6% 2015 2016 2015 2016 2016 1,933 1,570 -363 -18.8% 12 /US$ 120.61 105 115 /THB 3.34 2.9 3.2 2015 35 35 70 THB/US$ 36.09 36
Slide 11: APPENDIX
APPENDIX 10
Slide 12: APPENDIX
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Slide 13: 茨
茨 12
Slide 14: Ohma nuclear plant (ABWR, MOX)
2014 12 16 1,383MW ABWR MOX 2015 12 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 13
Slide 15: WS PowER
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Slide 16: WS PowER
WS PowER |_| dh eS Rt BH Aie VI=Fa—-k FL— hE AEH PARoOMR* Mw8.3 AE MAPASIAME M7.5 BFIL—-+AME BE+BPMASIAME M8.2 REBAMRIICk£SitRz M75 AEM RAH Re F-14 Blck Si M6.7 * : FERK235F (2011 4F) RALMAAT FPMREBEA, =BPABO BACF RSRAOT+BAR Udi SPO FAK O 3B (Mw9.0) [LDUYT, FHDSOBRBELT . DEH 142 143 le room “Te Pals
Slide 17: 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 18: Overseas generation capacity
2016 6 MW MW 2,000 680 2,000 34% 680 25 2020* MW 8,000 MW 6,000 4,488 - 4,488 4,000 1,442 - 1,442 910 - 910 2,000 656 680 1,336 7,496 680 8,176 - '08 '09 '10 '11 '12 '13 '14 '15 17
Slide 19: Thailand SPP and IPP projects
*1 7 SPP*1 • SPP 7 10 kW 790MW • 25 EGAT 110MW 5 120MW 2 • 6 90% 1 67.5%*2 8 CCGT*3 2013 Gulf JP Co., Ltd. 6 60% 1 45%*2 IPP • 25 EGAT 1,600MW 800MW 2 J-POWER CCGT*3 90% 2014 Gulf JP Co., Ltd. 8 60% 40% IPP 100% Gulf JP Co., Ltd. 60% 1,600MW 800MW 2 CCGT*3 2015 PTT EGAT *1 SPP Small Power Producers
Slide 20: Thailand IPP projects
IPP 2014 NK2 2013 10 TLC 2013 3 KP2 2013 2 IPP 2015 KP1 2013 1 CRN 2013 7 NNK 2013 4 NLL 2013 5 19
Slide 21: Consolidated income statement history
2012 2013 2014 2015 2015 1Q 2016 1Q 6,560 7,068 7,506 7,800 1,895 1,675 6,053 6,090 5,881 5,708 1,387 1,183 16 428 1,089 1,559 395 386 490 549 535 532 111 106 6,014 6,476 6,777 6,921 1,605 1,320 545 591 728 879 289 355 175 223 227 178 69 81 117 163 156 108 33 31 58 59 70 69 35 50 273 414 362 472 82
Slide 22: Non-consolidated income statement history
2012 2013 2014 2015 2015 1Q 2016 1Q 5,869 5,828 5,579 5,523 1,349 1,138 -210 5,772 5,729 5,485 5,430 1,324 1,120 -204 5,206 5,167 4,953 4,902 1,191 986 -204 566 562 532 527 133 133 0 97 99 93 93 24 18 -5 5,436 5,423 5,133 5,107 1,152 890 -261 5,347 5,334 5,049 5,023 1,130 873 -257 340 298 285 318 79
Slide 23: Results by segment
* 2016 1,187 605 386 40 2,219 -543 1,675 1Q 1,183 68 386 37 1,675 - 1,675 223 0 124 3 351 3 355 2015 1,391 708 395 47 2,543 -648 1,895 1Q 1,387 67 395 44 1,895 - 1,895 177 17 76 2 273 3 277 -204 -103 -8 -7 -323 104 -219 -204 1 -8 -7 -219 - -219 45 -17 48 1 78 -0 78 J-POWER IPP * 22
Slide 24: Cash flow
2012 2013 2014 2015 2015 1Q 2016 1Q 1,197 1,221 1,478 1,461 63 46 451 427 615 584 275 355 894 815 778 734 177 121 -1,703 -1,773 -1,429 -1,315 -202 -282 -1,002 -957 -879 -375 -126 -80 * -662 -865 -611 -1,063 -165 -159 -505 -552 48 145 -138 -235 CF 2,000 1,500 1,000 500 - 2012 2013 2014 2015 * 23
Slide 25: Key financial data
2012 2013 2014 2015 2015 1Q 2016 1Q 6,560 7,068 7,506 7,800 1,895 1,675 545 591 728 879 289 355 448 400 593 585 277 355 298 286 432 400 203 268 21,699 23,852 26,591 25,407 26,171 24,727 4,646 5,126 5,069 4,410 5,120 4,427 4,539 5,162 6,887 6,665 6,912 6,650 4,538 5,194 6,962 6,754 6,994 6,733 15,230
Slide 26: Hydro power generation volumes
2015 4 - 2015 6 2016 4 - 2016 6 65 56 112 kWh 98 kWh * 25
Slide 27: Wind power generation volumes
2015 4 - 2015 6 2016 4 - 2016 6 108 87 30 kWh 23 kWh 26
Slide 28: Power sales volumes
2015 4 - 2015 6 1.6 kWh 2016 4 - 2016 6 1.7 kWh 27
Slide 29: Capacity utilization rates
200% 150% 100% 50% 0% 4 5 6 7 8 9 10 11 12 1 2 3 4 -6 76% 76% 80% 77% 106% 86% 77% 87% 104% 106% 104% 105% 98% 84% 78% 86% 28
Slide 30: http://www.jpower.co.jp/
http://www.jpower.co.jp/ 29
Electric Power Development Co., Ltd. (J-POWER) — Q1 FY2017 Earnings Presentation on 6ix