Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — FY2022 Earnings Presentation
24 slides from Chubu Electric Power Company,incorporated's earnings presentation, Apr 28, 2023
Slide 1: Presentation Materials for Fiscal Year ended March 31, 2023
Presentation Materials for Fiscal Year ended March 31, 2023 April 28, 2023
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Fiscal Year ended March 31, 2023 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 forec
Slide 3: Outline of Financial Results for Fiscal Year ended March 31, 2023
Outline of Financial Results for Ⅰ Fiscal Year ended March 31, 2023 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2022 represents the fiscal year begun on April 1, 2022, and ending on March 31, 2023. Monetary amounts are rounded down to the nearest whole n
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 3,986.6 billion yen Operating revenues increased by 1,281.5 billion yen compared with FY2021, mainly due to an increase in fuel cost adjustment revenues (+836.2 billion yen*). *including subsidiary ai
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues increased by 1,281.5 billion yen) Others (Billion yen) 40,000 4,000.0 An increase in fuel cost 445.3 adjustment charge 35,000 3,500.0 An increase in Electrical Energy Sold to othe
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income (loss)> (Ordinary income (loss) increased by 124.4 billion yen) (Billion yen) 1,600 160.0 JERA Power Grid (Excluding time lag) 1,400 140.0 Miraiz 21.8 1,200 120.0 -58.9 1,000 100.0 Others 800 80.0 -21.7
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating Revenues] (Billion yen, %) FY2022 FY2021 Change (A) (B) (A-B) (A-B)/B Miraiz 3,090.8 2,028.1 1,062.6 52.4 Power Grid 1,116.1 899.5 216.6 24.1 Others (*1) 866.8 831.7 35.0 4.2 Adjustment (1,087.2) (1,054.3) (32.8) 3.1 Total 3,986.6 2,705.1 1,281
Slide 8: Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income> Ordinary income (loss) increased by 148.3 billion yen compared with FY2021, mainly due to a reduction of the impact of market price spikes by review of power procurement portfolio, etc., and deve
Slide 9: Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid < Factors contributing to change in Ordinary income > Ordinary income (loss) increased by 21.8 billion yen compared with FY2021, mainly due to a decrease of cost by changes in depreciation method and efforts to reduce supply and demand adjustm
Slide 10: Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income> Ordinary (loss) income decreased by 23.9 billion yen compared with FY2021, mainly due to deterioration of income/expense due to steep rise in LNG spot price in spite of a reduction of time lag loss
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Same as FY2021 ■ Renewable energy Same as FY2021 (TWh,%) Change FY2022 FY2021 (A) (B) (A-B) (A-B)/B Hydro 8.3 8.3 0 0.4 <flow rate> <94.8> <98.1> <(3.3)> Nuclear - - - - <utilization rate> <-> <-> <-> Renewable
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) ＜FY2021＞ ＜FY2022＞ Loss Loss (126.0 billion yen) (91.0 billion yen) 費用の諸元 Elements of cost (fuel （燃料調達） procurement) 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) 2021/4 2022/4 2023/4 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
Slide 13: Summary of Forecast for FY2023 <1>
Summary of Forecast for FY2023 <1> <Forecast> (Consolidated) Consolidated operating revenues: 3,700.0 billion yen (forecast) Consolidated operating revenues are expected to decrease by 290.0 billion yen compared to FY2022 mainly due to a decrease of fuel cost adjustment by decrease of fuel price. Co
Slide 14: Summary of Forecast for FY2023 <2>
Summary of Forecast for FY2022 <2> [Principal Figures] Competitive impacts in sales (approx. 3.0) <Electrical Energy Sold> An Impact of temperature and market, etc. (approx. -0.9) (TWh,%) FY2023 FY2022 Change (Forecast) (A) (Result) (B) (A-B) (A-B)/B Electrical Energy Sold 104.5 102.4 2.1 2.0 Electr
Slide 15: Policy of Return to Shareholders and Dividends
Policy of Return to Shareholders and Dividends for the Fiscal Year under Review, and the Fiscal Year to Come <Policy of Return to Shareholders> Chubu Electric Power will continue to invest in plants and equipments for a safe and stable supply of electricity as well as in growth sectors to maintain s
Slide 16: [Reference] Image of Time Lag (Forecast)
[Reference] Image of Time Lag (Forecast) ＜FY2022＞ ＜FY2023＞ Loss (91.0 billion yen) Income 80.0 billion yen Elements of income (time lag from fuel procurement) Elements of cost (fuel procurement) 13 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
Slide 17: 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 18: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) FY2022 FY2021 Change (A) (B) (A-B) (A-B)/B Operating revenues 3,986.6 2,705.1 1,281.5 47.4 Share of profit of entities accounted for using equity method - 5.4 (5.4) - Other 10.7 17.1 (6.4) (37.5) Nonoperating revenues 10.7 22.5 (11.8) (52.5) Ordinary
Slide 19: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Mar. 31, 2023 Mar. 31, 2022 Change (A) (B) (A-B) Assets 6,455.1 6,174.7 280.3 Liabilities 4,292.8 4,051.4 241.4 Net assets 2,162.2 2,123.2 38.9 Shareholders’ equity ratio (%) 31.9 32.7 (0.8) Outstanding interest-bearing debt 2,925.7 2,800.2 125.4 15 C o
Slide 20: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Billion yen) FY2022 FY2021 Change (A) (B) (A-B) Cash flows from operating activities (a) 295.7 21.6 274.1 Cash flows from investing activities (b) (196.9) (262.0) 65.0 Cash flows from financing activities (c) 73.2 266.4 (193.1) Net increase and decrease in cash
Slide 21: Forecast for FY2023 by Segments
Forecast for FY2023 by Segments [Ordinary Income (Loss)] (Billion yen, %) FY2023 FY2022 Change (Forecast) (A) (Result) (B) (A-B) (A-B)/B Miraiz 75.0 64.8 approx. 10.0 15.6 <Ordinary income <70.0> <64.8> <approx. 5.0> <7.9> excluding time lag> Power Grid 70.0 7.0 approx. 63.0 895.0 JERA 125.0 (24.2)
Slide 22: Consolidated Financial Indicators etc.
Consolidated Financial Indicators etc. (%) FY2023 FY2022 FY2025 [Medium-term (Forecast) (Result) management plan] ROIC approx. 3.0 2.9 3.0 or more ROA approx. 3.0 2.8 - ROE approx. 7.0 6.3 approx. 7.0 *Figures excluding time lag 18 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
Slide 23: DISCLAIMER
DISCLAIMER The forward-looking statements in this presentation are based on information available as of the date of this announcement and actual results, etc. may differ from these statements by various causes in the future. 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
Slide 24: 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 .
Chubu Electric Power Company — FY2022 Earnings Presentation on 6ix