Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — Q1 FY2020 Earnings Presentation

18 slides from Tokyo Gas's earnings presentation, Jul 29, 2020

  1. Slide 1: FY2020 1Q Financial Results

    TSE:9531 FY2020 1Q Financial Results ended June, 2020 July 29, 2020 [Revised on November 5,2020]

  2. Slide 2: FY2020 Consolidated Financial Results

    01 FY2020 Consolidated Financial Results ended June, 2020 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  3. Slide 3: Highlights: Sales Down, Profit Down

    FY2020 1Q Consolidated Results (Apr. 1, 2020 – Jun. 30, 2020) vs. FY2019 1Q 3 Highlights: Sales Down, Profit Down Revised in red on Nov 5th,2020 (+/- indicate impact on profit, billion yen) Decrease in city gas sales volume from the impact of COVID-19, decrease in city gas unit price due to Net sale

  4. Slide 4: 1Q Consolidated Gas Sales Volume / Number of Customers vs. FY2019 1Q

    FY2020 1Q Consolidated Gas Sales Volume/ Number of Customers vs. FY2019 1Q 4 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （mil. ㎥） FY2020 FY2019 Change -716mil.㎥ (-21.2%) 3,500 1Q 1Q including temperature effect 3,372 Number of customers for -56.3 +7mil.

  5. Slide 5: 1Q Consolidated Electricity Sales Volume / Number of Customers vs. FY2019 1Q

    FY2020 1Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2019 1Q 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Quarter (1,000s) Cumulative (1,000s) 5,500 300 3,000 +1,366mil. kWh 5,231 2,457 (+ 35.3%) 5,000 250 2,225 2,350 2,500 2,0

  6. Slide 6: 1Q Results: Sales and Operating Profit/Loss by Business Segments

    FY2020 1Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2019 1Q 6 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2020 1Q FY2019 1Q FY2020 1Q FY2019 1Q Results Results Change ％ Results Results Change ％ Gas 284.9 343.0 -58.1

  7. Slide 7: 1Q Results: Ordinary Profit Analysis vs. FY2019 1Q

    FY2020 1Q Results: Ordinary Profit Analysis vs. FY2019 1Q 7  City Gas -13.7 Revised in red on Nov 5th,2020 ・Decrease in gross margin -¥18.3bn: Change in sales volume, etc.: -13.0 (incl. change Gas due to temp effect +0.3), sliding time lag effect -12.4, third-party access revenue +5.2, etc. -¥18.5b

  8. Slide 8: FY2020 Full Year Forecast

    02 FY2020 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  9. Slide 9: FY2020 Consolidated Forecast: Factors for Changes in Profit

    FY2020 Consolidated Forecast（Apr.1,2020－Mar.31,2021) 9 Factors for Changes in Profit by Business Segment vs. FY2019 Results (+/- indicate impact on profit, billion yen) Cost structure One-time reform expenses Sliding time lag effect, etc. Other profit 75.0 increase and decrease -30.0 Impact of COVID

  10. Slide 10: Factors for Changes from FY2019

    Factors for Changes from FY2019 10 (+/- indicate impact on profit, billion yen) Item Main contents Impact*1 (+) Sliding time lag Sliding time lag (+) City gas temperature affect Approx. +22.0 effect, etc. (+) Pension actuarial differences Cost (+) Rationalization of expenses Approx. +10.0 structure

  11. Slide 11: FY2020 Full Forecast: Profit/Loss by Business Segments

    FY2020 Full Forecast : Profit/Loss by Business Segments vs. FY2019 Results 11 (unit : billion yen) Segment Profit （Operating profit + Equity income/loss of subsidiary) FY2020 FY2019 Change ％ Forecast Results 88.5 102.4 -13.9 -13.6 Gas 13.6 10.1 3.5 34.1 Electric Power Overseas business （including eq

  12. Slide 12: Reference Materials

    03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  13. Slide 13: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 13 Impact of rising JCC by $1/bbl Impact on earnings (Unit: billion yen) 2Q 3Q 4Q Full year 2Q -0.1 -0.8 +0.8 -0.1 3Q ― -0.1 -0.9 -1.0 Period 4Q ― ― -0.1 -0.1 Full year -0.1 -0.9 -0.2 -1.2 Impact of depreciation by ¥1/$ Impa

  14. Slide 14: Crude oil price・Exchange rate

    Crude oil price・Exchange rate vs. FY2019 Results 14 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2020 FY2019 Exchange rate (¥/$) 115.0 110.0 105.0 100.0 FY2020 FY2019 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  15. Slide 15: Key Topics in FY2020

    Key Topics in FY2020 (Excerpted from Press Releases up to 29th July) 15 ・Launched free solar power system provision service “Zuttomo Solar × Toyota Home” (Apr.20) Gas ・Tokyo Gas Invests In Principle Power, A Leading Floating Wind Power Technology Company (May.27) Electric Power ・Began verification o

  16. Slide 16: Overseas Projects

    Overseas Projects 16 1 4 2 3 5 6 7 Area No Country Subject Main Business Participation year Barnett Upstream Shale gas 2013 Eagle Ford Upstream Shale gas 2016 East Texas Upstream Shale gas 2017 1 U.S.A TGES America Downstream Energy Service 2015 North America Birdsboro Power Plant Downstream Natural

  17. Slide 17: Trends in city gas/electricity switching, number of customers

    Trends in city gas/electricity switching(published data), Number of customers for city gas retail sales(Tokyo gas consolidated) 17 Electricity switchers (based on applications) City gas switchers (based on applications) Monthly(1,000s) Cumulative(1,000s) Monthly(1,000s) Cumulative(1,000s) 500 20,000

  18. Slide 18: Cautionary Statement regarding Forward-looking Statements

    < Cautionary Statement regarding Forward‐looking Statements > Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies and beliefs, and other statements herein that are not expressions of historical fact are forward‐looking statements about the future per

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