Shizuoka Gas Co. Ltd. · TSE:9543
Shizuoka Gas — FY2016 Earnings Presentation
24 slides from Shizuoka Gas's earnings presentation, Feb 10, 2017
Slide 1: FY2016 Financial Results (January-December)
TSE:9543 FY2016 Financial Results (January-December) SHIZUOKA GAS CO.,LTD February 10 th,2017
Slide 2: Contents
Contents Ⅰ. Summary Financial Results … 3 Ⅱ. Projects Over the Next Three Years … 8 Ⅲ. Supplementary Information … 18 Disclaimer Forecasts are based on information available to the management when this was drafted. Actual financial results may significantly differ from these forecasts due to any unf
Slide 3: Ⅰ. Summary Financial Results
Ⅰ. Summary Financial Results
Slide 4: FYE December 2016 Financial Highlights
FYE December 2016 Financial Highlights ◎FY2016 Results: Lower sales, lower profits ■ Sales, operating income lower due to downward revision in sliding unit prices. Operating income 8% higher after sliding time lag adjustment. ■ Gas sales volume up 4.0% vs. prior year →Wholesale sales up 7.5% vs. pri
Slide 5: Gas Sales Volume (Non-Consolidated)
Gas Sales Volume (Non-Consolidated) <Year-on-year comparison> ◎Change factors : Increase in wholesale sales due to commencement of full operation of Shizuhama Trunkline 104.0% [+55] 1,436 Unit; million m3(45MJ) 1,380 * Figures in [ ] indicate change in sales volume (million m3) ・Increase in sales vo
Slide 6: Breakdown of Consolidated Operating Profit
Breakdown of Consolidated Operating Profit <Year-on-year comparison> Unit; billion yen *[ ] denotes year-on-year change *Transactions between the consolidated companies are offset Net Sales 108.5 [-37.5] City Gas 32.8 [-1.3] City Gas 89.1 [-37.5] Gross Profit Net sales 89.1 [-37.5] 36.7 [-1.7] Downw
Slide 7: 2016 Initiatives
2016 Initiatives ◎2016：Taking One Step Forward, Away From Over-Reliance on Gas Jan. Sales of condominiums which adopting T-Grid system started. Accepting applications for low-voltage electricity contracts started. Feb. Construction of cogeneration system at a chemical manufacturers started. Apr. Sal
Slide 8: Ⅱ. Projects Over the Next Three Years
Ⅱ. Projects Over the Next Three Years 2017-2019
Slide 9: Becoming the No.1 Solutions Company in the Region
Becoming the No.1 Solutions Company in the Region Residential Customers □ Provide new lifestyle products and services SHIZGAS Electricity Promote the use of leading-edge, advanced energy Multi- Energy □ Work toward greater adoption of gas cogeneration Promote wider-area sales Electricity □ Electrici
Slide 10: Provide new lifestyle products and services
Provide new lifestyle products and services Residential Customers ＜Gas appliance warranty ＜On-call service＞ extension service＞ “Sonae areba urei nashi” “Suguikune” ＜Electricity＞ ＜Collaboration with Creww＞ ＜Web service for affiliate ＞ “SHIZGAS Denki” ＜SHIZGAS landlord club＞ “Web Eneria” ＜Leasing serv
Slide 11: SHIZGAS Electricity
Residential Customers SHIZGAS Electricity ■Number of applications for electricity Unit; Number of customers 60,000 “SHIZGAS Denki” 30,000 15,000 16,200 2016 2016 2017 2019 Target Results Target Target 11
Slide 12: Promote the use of leading-edge, advanced energy
Residential Customers Promote the use of leading-edge, advanced energy □ Nagaizumi Eco-Life Town Project Condominiums (two buildings x 95 units), detached housing (10 houses) ・Management and operations of first T-grid system in Japan ・Energy visualization using cloud-based HEMS ・Integrated automatic
Slide 13: Work toward greater adoption of gas cogeneration
Multi- Energy Work toward greater adoption of gas cogeneration ■Gas Cogeneration Power Generation Capacity (In operation） Unit: Thousand kW 300 258 220 180 2016 2017 2019 2025 Results Target Target New Plan ■Launch cogeneration operations in 2017 Category of industry Model Capacity Ａ Chemical Gas Tu
Slide 14: Promote wider-area sales
Multi- Energy Promote wider-area sales □ Expand sales area ・Development of new demand via Shizuhama Trunk Line ・Promote cooperative sales with wholesale customers Category of Start of industry City Approach operation Fuel conversion from Paper Shimada 2016 fuel oil Cogeneration adoption Food Fujieda
Slide 15: Electricity sales target
Electricity Electricity sales target ■Sale of Electricity in Volume ■Net Sales Unit : million kWh Unit : Billion Yen 514 10.1 282 5.2 107 1.7 2016 2017 2019 2016 2017 2019 15
Slide 16: Terminal use and LNG purchase price reduction
Terminals Terminal use and LNG purchase price reduction □ Sales of LNG via reloading ・Implement reloading via standard ships between February 3 and 5 ・Commercialize reloading sales to medium- and small-sized ships □ Utilize existing LNG terminal ・Provide LNG ship cool down service ・LNG bunkering pot
Slide 17: Forecast: Net Sales and Operating Income
Forecast: Net Sales and Operating Income Net Sales Operating income & Sliding time lag Unit; Billion yen Unit; Billion yen 139.7 Operating profit 132.1 126.2 10.2 108.5 Sliding Time Lag 9.0 -3.3 8.6 -0.3 7.1 7.2 6.8 6.9 -0.1 Revised operating profit +1.9 with sliding time lag adjustment 5.0 FY2016 F
Slide 18: Ⅲ. Supplementary Information
Ⅲ. Supplementary Information
Slide 19: Plan Sale of Gas in Volume (Non-consolidated)
Plan Sale of Gas in Volume (Non-consolidated) Unit; Million m3 1,526 1,481 1,436 1,446 Average annual growth Total sales FY2016 to FY2019 volume +2.1% 584 567 597 645 Average annual growth Wholesale FY2016 to FY2019 -3.2% Average annual growth 746 771 Large-lot sale FY2016 to FY2019 685 +7.5% 629 Av
Slide 20: Forecast: Breakdown of Consolidated Operating Income
Forecast: Breakdown of Consolidated Operating Income Unit; billion yen Net sales 126.2 [+17.6] *Parentheses indicate comparison to 2016 *Transactions between the consolidated companies are offset ガス 100.3 [+11.1] Gross Profit 33.0 [-3.7] City gas 28.7 [-4.1] LPG 15.1 [+4.2] Sales 100.3 [+11.1] その他 1
Slide 21: Gas Sales Plan (Non-Consolidated)
Gas Sales Plan (Non-Consolidated) Unit：million m3 2016 2017 2018 2019 Gas sales volume 1,436 1,446 1,481 1,526 Own sale 790 849 914 942 Residential 85 87 87 88 Commercial 67 68 70 72 Industrial 638 695 756 783 Wholesale 645 597 567 584 〈 Large-lot-sale (A part of "Own sale") 〉 Gas sales volume 629 6
Slide 22: Statement of Income
Statement of Income Unit ; billion yen 2016 2017 2018 2019 Net sales 108.5 126.2 132.1 139.7 Cost of sales 71.8 93.2 96.8 102.2 Gross profit 36.7 33.0 35.3 37.4 Selling,general and administrative expenses 26.5 28.0 28.1 28.3 Operatig income 10.2 5.0 7.2 9.0 Ordinary income 10.7 5.5 7.7 9.6 Earning b
Slide 23: Balance Sheet
Balance Sheet Unit ; billion yen 2016 2017 2018 2019 Assets 110.9 110.5 113.7 117.2 Noncurrent assets 83.0 81.0 83.1 86.2 PPE and Intangible assets 62.2 60.9 63.6 67.4 Investments and other assets 20.8 20.1 19.5 18.8 Current assets 27.8 29.4 30.6 31.0 Liabilities 32.8 30.6 30.2 28.8 Long-term debts
Slide 24: Statement of Cash Flows & Capital Expenditure
Statement of Cash Flows & Capital Expenditure Unit ; billion yen 2016 2017 2018 2019 Operating cash flow 16.6 10.1 15.8 15.5 Investing cash flow -8.9 -7.6 -11.4 -12.1 Financing cash flow -6.1 -3.2 -3.7 -3.7 Net increase in cash and cash equivalents 1.4 -0.7 0.6 -0.3 Capital expenditure 9.4 8.2 12.1