Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q3 FY2021 Earnings Presentation
37 slides from Chubu Electric Power Company,incorporated's earnings presentation, Jan 28, 2022
Slide 1: Presentation Materials for Investors 3rd Quarter FY2021
Presentation Materials for Investors 3rd Quarter FY2021 January 28, 2022
Slide 2: INDEX
INDEX Ⅰ Outline of Financial Results for Ⅲ Reference Data: Management Information Nine-Months ended December 31, 2021 Consolidated Ordinary Income (Loss) and Net Income (Loss) ･･････17 Summary of Financial Results ･････････････ 1 Fund Raising and Outstanding Interest-bearing Debt ････････････18 Summ
Slide 3: Outline of Financial Results for Nine-Months ended December 31, 2021
Outline of Financial Results for Ⅰ Nine-Months ended December 31, 2021 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2021 represents the fiscal year begun on April 1, 2021, and ending on March 31, 2022. 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 revenues: 1,826.8 billion yen Operating revenues decreased by 285.6 billion yen compared with 2020/3Q, mainly due to an application of “Accounting Standards for Revenue Recognition” (-472.9 billion yen). ■ Ordi
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues decreased by 285.6 billion yen) （単位：億円） （Billion yen） 22,000 2,200.0 An application of Accounting Standards for Revenue Recognition(*) 21,000 2,100.0 2,000.0 20,000 -472.9 1,900.0
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income and loss> (Ordinary income/ loss decreased by 196.6 billion yen) 2,000 200.0 （Billion yen） ・An increase in profit of JERA GM (*) +30.6 An increase in ・An increase related to COVID-19 in 2020/3Q +15.0 tim
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2021/3Q 2020/3Q Change (A) (B) (A-B) (A-B)/B Miraiz 1,371.3 1,770.8 (399.5) (22.6) Power Grid 596.2 550.2 45.9 8.4 Others (*1) 604.1 528.8 75.3 14.2 Adjustment charge (744.8) (737.3) (7.4) 1.0 Total 1,826.8 2,112.5 (2
Slide 8: Summary of Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income and loss > Ordinary income/ loss decreased by 58.0 billion yen compared with 2020/3Q, mainly due to a decrease in income by competitive impact and an increase of power procurement costs(an impact
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 income and loss> Ordinary income/ loss decreased by 41.5 billion yen compared with 2020/3Q, mainly due to an increase of supply and demand adjustment costs in spite of an increase in transmission rev
Slide 10: Summary of Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income and loss> Ordinary income/ loss decreased by 88.8 billion yen compared with 2020/3Q, mainly due to a deterioration by conversion of time lag income incurred by fuel cost adjustment system into loss,
Slide 11: Electric Energy Output
Electric Energy Output < Power generation > (Chubu Electric Power) ■ Hydro Increased by 0.2TWh since the flow rate was higher than 2020/3Q. ■ Renewable energy Same as 2020/3Q (TWh,%) Change 2021/3Q 2020/3Q (A) (B) (A-B) (A-B)/B Hydro 7.1 6.9 0.2 2.6 <flow rate> <103.9> <101.4> <2.5> Nuclear - - - -
Slide 12: (Reference) Impact of Accrued Income and Loss (Result)
(Reference) Impact of Accrued Income and Loss (Result) Loss Income (105.0 billion yen) 66.0 billion yen Elements of cost (fuel procurement) Elements of income (time lag from fuel procurement) 9 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 13: Summary of Forecast for FY2021 <1>
Summary of Forecast for FY2021 <1> <Forecast> (Consolidated) Forecast has been revised from the previous announcement made in October 28, 2021. Consolidated operating revenues: 2,600.0 billion yen (forecast) It’s expected to increase by 100.0 billion yen compared with the previous forecast, due to a
Slide 14: Summary of Forecast for FY2021 <2> Principal Figures
Summary of Forecast for FY2021 <2> 【Principal Figures】 Competitive impacts in sales (approx. -1.0) <Electrical Energy Sold> (TWh,%) Current October 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 108.9 109.9 (1.0) (0.9) Electrical Energy Sold including group companies 117.5 118.0 (0.5) (0.4)
Slide 15: [Reference] Impact of Accrued Income and Loss (Forecast)
[Reference] Impact of Accrued Income and Loss (Forecast) ○October 28 ＜（75.0 billion yen）＞ ○Current ＜（100.0 billion yen) ＞ ＜FY2021＞ ＜FY2021＞ Loss Loss (75.0 billion yen) (100.0 billion yen) Elements of cost Elements of cost (fuel procurement) (fuel procurement) Elements of income Elements of income (
Slide 16: 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 17: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2021/3Q 2020/3Q Change (A) (B) (A-B) (A-B)/B Operating revenues 1,826.8 2,112.5 (285.6) (13.5) Share of profit of entities accounted for using equity 2.4 90.3 (87.9) (97.3) method Other 13.5 5.7 7.8 138.1 Non-operating revenues 16.0 96.0 (80.0) (83.3
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Dec. 31, 2021 Mar. 31, 2021 Change <Major factors for change> (A) (B) (A-B) Increase by becoming a Assets 6,098.6 5,686.3 412.2 consolidated subsidiary of ES-CON JAPAN Ltd. ,etc. Liabilities 3,973.7 3,582.6 391.0 Net assets 2,124.8 2,103.6 21.1 FY2021 (F
Slide 19: Forecast for FY2021 by Segments
Forecast for FY2021 by Segments [Ordinary income and loss] (Billion yen, %) Current October 28 Change (A) (B) (A-B) (A-B)/B Miraiz (55.0) 15.0 (approx. 70.0) - Power Grid (20.0) 10.0 (approx. 30.0) - JERA (13.0) (13.0) - - < ordinary income excluding < 87.0 > < 62.0 > < approx.25.0 > < 40.3 > effect
Slide 20: Financial Indicators etc. Strategic Investment
Financial Indicators etc. (%) Forecast for [Reference] FY2021 FY2020 approx. -0.5 approx. 3.8 ROA <approx. 1.0> <approx. 3.4> approx. -2.5 approx. 7.5 ROE <approx. 2.5> <approx. 6.3> <Figures excluding effect of time lag> (Billion yen) Forecast for [Reference] 2021/3Q FY2021 FY2020 Strategic Investm
Slide 21: Reference Data: Management Information
Ⅲ Reference Data: Management Information 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 22: Consolidated Ordinary Income (Loss) and Net Income (Loss)
Consolidated Ordinary Income (Loss) and Net Income (Loss) [Ordinary Income (Loss)] [Net Income (Loss)] (billion yen) (billion yen) 300.0 300.0 255.6 250.0 250.0 200.0 191.8 192.2 200.0 169.7 163.4 147.2 150.0 150.0 128.5 121.4 112.9 114.6 100.0 100.0 74.3 79.4 60.2 50.0 50.0 38.7 0.0 0.0 (50.0) (43.
Slide 23: Fund Raising and Outstanding Interest-bearing Debt
Fund Raising and Outstanding Interest-bearing Debt [Fund raising (Nonconsolidated) ] [Outstanding Interest-bearing debt (Consolidated) ] (billion yen) (billion yen) 900.0 3,400.0 3,260.5 3,260.0 800.0 3,200.0 700.0 2,981.1 3,000.0 2,918.9 600.0 approx. Funding 526.0 Plan 2,800.0 500.0 400.0 2,800.0
Slide 24: Consolidated Cash Flow
Consolidated Cash Flow （billion yen） 800.0 Cash Flows from Operating Activities Cash Flows from Investing Activities FCF 600.0 562.4 * Capital Investment 476.8 424.1 400.0 384.1 335.0 254.4 296.4 227.6 194.0 255.8 203.7 168.3 200.0 approx. 79.6 60.0 0.0 (25.1) (62.8) (102.9) (200.0) (71.9) (215.8) (
Slide 25: Consolidated Financial Ratio, Credit Ratings
Consolidated Financial Ratio, Credit Ratings (%) [Shareholders’ equity ratio] [Debt-Equity ratio] (Times) 40.0 2.5 35.7 2.3 2.2 35.0 34.4 2.1 approx. 32 2.0 31.1 31.3 1.8 29.7 1.6 1.6 30.0 28.9 1.5 1.5 1.5 approx. 1.3 26.1 1.2 24.7 25.0 24.2 1.0 20.0 （FY）0.5 2012 2013 2014 2015 2016 2017 2018 2019 2
Slide 26: Consolidated ROA and ROE
Consolidated ROA and ROE （%） [ROA] （%） [ROE] 6.0 16.0 5.3 14.0 5.0 12.0 11.1 4.0 3.8 3.7 10.0 8.9 3.0 2.8 8.0 7.5 2.7 7.0 2.4 1.9 6.0 2.0 4.5 4.4 4.0 2.7 1.0 2.0 0.0 0.0 (0.0 ) approx. (2.0) (1.0) (0.9) (0.5) (2.2) approx. (4.0) (2.5) (2.0) (4.6) (6.0) (3.0) (FY) (8.0) (FY) 2012 2013 2014 2015 2016
Slide 27: Total Shareholders Return
Total Shareholders Return （%） 180.0 162.3 150.0 132.9 126.2 114.7 114.2 120.0 117.0 90.0 107.2 104.0 96.8 99.8 60.0 Chubu Electric Power 30.0 Comparative index：Dividend included TOPIX 0.0 2016 2017 2018 2019 2020 Total Shareholders Return is a ratio that return earned on equity investments（dividend
Slide 28: Sales Figures of Miraiz Group
Sales Figures of Miraiz Group 2021/3Q Target The number of entry; Approx. 2.41 million - New electric tariff menu As of December, 2021 Chubu region The number of sales; Acquire 100 thousand customers Approx. 55 thousand Services in a set with electric power or gas early from FY 2021 As of December,
Slide 29: Monthly Breakdown of Electrical Energy Sold of Miraiz
Monthly Breakdown of Electrical Energy Sold of Miraiz (TWh) FY2021 Apr. May June July Aug. Sep. Oct. Nov. Dec. 3Q Low voltage 2.7 2.3 1.9 2.3 2.9 2.5 2.1 2.2 2.7 21.7 High voltage・ Extra-high 6.1 5.8 6.6 7.0 6.8 6.7 6.3 6.1 6.1 57.5 voltage Total 8.8 8.1 8.4 9.3 9.7 9.2 8.5 8.4 8.8 79.2 (TWh) FY2020
Slide 30: Structure of Power Generated and Procured (definite results)
Structure of Power Generated and Procured (definite results) Structure of Power Generated and Procured Usage status of non-fossil fuel certificate JEPX, Other*1 Specified in Not specified 14% 3% Nuclear Coal renewable energy 15% 15% 12% Renewable Coal 9% 26% FIT*2 Renewable*3 8% Oil 3％ 4% Hydro*4 5％
Slide 31: Overview of Renewable Energy Business
Overview of Renewable Energy Business At present, the capacity of our entire group is approx. 700 MW, against the target of expanding renewable energy capacity* to 3.2 GW or more by around 2030. *In addition to the renewable energy facilities owned by our group, this includes the capacity of facilit
Slide 32: Expansion of Global Business <1>
Expansion of Global Business <1> ○ In the global business (overseas business), we will form an optimized portfolio by combining four segments (Green area, Blue area, Retail/Transmission and Distribution(T&D)/New service area, and New technology area) to become a decarbonized energy company mainly in
Slide 33: Expansion of Global Business <2>
Expansion of Global Business <2> In Europe, we use Eneco as platform for European strategy to expand growth areas (renewable, retail, new services). 【About acquisition of Eneco】 Investment 4.1 billion euros (approx. 500 billion yen) (Mar. 2020) (Investment ratio: Mitsubishi 80%, Chubu 20%) Comprehen
Slide 34: Expansion of Global Business <3>
Expansion of Global Business <3> Current main investment projects and consulting projects 【UK】 【Canada】 【Germany】 Tidal Power Business Transmission Business Submarine (signed a joint development Transmission Business agreement with DP Energy) 【Myanmar】 Distribution Improvement Project 【Netherlands】
Slide 35: Current status of the Hamaoka Nuclear Power Station
Current status of the Hamaoka Nuclear Power Station Responding to the Inspection with New Regulatory Standards by the Nuclear Regulation Authority at the Hamaoka Nuclear Power Plant acting with the resolve never to repeat an accident similar to the Fukushima Daiichi Nuclear Power Station Promoting m
Slide 36: DISCLAIMER
DISCLAIMER This presentation contains assumptions and forward-looking statements with respect to the financial conditions, and forecasts of the company, which are based on information currently available. These assumptions involve certain risks and uncertainties, and may cause actual results materia
Slide 37: 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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