Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — H1 FY2024 Earnings Presentation
22 slides from Chubu Electric Power Company,incorporated's earnings presentation, Oct 29, 2024
Slide 1: Presentation Materials for Six-Months ended September 30, 2024
Presentation Materials for Six-Months ended September 30, 2024 October 29, 2024
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Six-Months ended September 30, 2024 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 Fo
Slide 3: Outline of Financial Results for Six-Months ended September 30, 2024
Outline of Financial Results for Ⅰ Six-Months ended September 30, 2024 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2024 represents the fiscal year begun on April 1, 2024, and ending on March 31, 2025. 2nd Quarter (2Q) represents six months period ended S
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 1,766.4 billion yen Operating revenues decreased by 75.0 billion yen compared with 2023/2Q, mainly due to a decrease in fuel cost adjustment charge (-156.2 billion yen*). * including government suppor
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues decreased by 75.0 billion yen) (Billion yen) 20,000 2,000.0 A decrease in fuel cost adjustment charge, etc.* 18,000 Others 1,800.0 -156.2 81.2 16,000 1,600.0 14,000 1,400.0 1,841.
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income decreased by 189.3 billion yen) (Billion yen) 5,000 500.0 4,500 450.0 4,000 400.0 Time lag income 3,500 350.0 Miraiz 3,000 300.0 -121.0 (Excluding (120.0 → -1.0) time lag) JERA 2,500 25
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2024/2Q 2023/2Q Change (A) (B) (A-B) (A-B)/B Miraiz 1,439.3 1,509.3 (69.9) (4.6) Power Grid 459.6 444.9 14.7 3.3 Other (*1) 361.6 412.2 (50.5) (12.3) Adjustment (494.2) (524.9) 30.7 (5.9) Total 1,766.4 1,841.5 (75.0)
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 decreased by 64.1 billion yen compared with 2023/2Q, mainly due to a decrease in the percentage of power procurement through the wholesale power trading market, etc. [Reference]
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 decreased by 35.8 billion yen compared with 2023/2Q, mainly due to an increase in supply and demand adjustment costs in spite of an increase in transmission revenue by an incr
Slide 10: Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income> Ordinary income decreased by 77.1 billion yen compared with 2023/2Q, mainly due to a decrease of the time lag gain. [Reference] Ordinary income excluding time lag: Approx. 51.0 billion yen (increas
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Increased by 0.6 TWh since the flow rate was higher than 2023/2Q ■ Renewable energy Same as 2023/2Q (TWh,%) Change 2024/2Q 2023/2Q (A) (B) (A-B) (A-B)/B Hydro 6.0 5.4 0.6 10.6 <flow rate> <109.4> <101.5> <7.9> N
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) (Billion yen) ＜2023/2Q＞ ＜2024/2Q＞ 差益 差損 Loss △10 1,200 Income (1.0) 億円 120.0 億円 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) 費用の諸元 Elements of cost （燃料調達） (fuel procurement) 2023/4 2023/10 2024/4 2024/10 2025/4 * The amount is the to
Slide 13: Summary of Forecast for FY2024 <1>
Summary of Forecast for FY2024 <1> <Forecast> (Consolidated) Forecast has been revised from the previous announcement made on July 31, 2024. Consolidated operating revenues: 3,600.0 billion yen (forecast) No change from the previous forecast. Consolidated ordinary income: 275.0 billion yen (forecast
Slide 14: Summary of Forecast for FY2024 <2>
Summary of Forecast for FY2024 <2> [Principal Figures] Competitive impacts in sales <approx. 0.4> <Electrical Energy Sold by Miraiz> Impacts of temperature and market etc. <approx. 0.8> (TWh,%) Current July 31 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 108.6 107.4 1.1 1.1 Electrical Energy
Slide 15: Dividends
Dividends <Policy of Return to Shareholders> Our group will continue to invest in plants and equipments for a safe and stable supply of electricity as well as in growth sectors to maintain sustainable growth and increase our corporate value. Providing strong shareholder returns is an important missi
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,%) 2024/2Q 2023/2Q Change (A) (B) (A-B) (A-B)/B Operating revenues 1,766.4 1,841.5 (75.0) (4.1) Share of profit of entities accounted for using equity method 56.7 142.7 (85.9) (60.2) Other 8.5 6.0 2.4 40.5 Non-operating revenues 65.3 148.8 (83.5) (56.1)
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Sep. 30, 2024 Mar. 31, 2024 Change (A) (B) (A-B) Assets 7,039.1 7,108.6 (69.4) Liabilities 4,233.9 4,413.5 (179.5) Net assets 2,805.2 2,695.0 110.1 Shareholders’ equity ratio (%) 38.9 36.4 2.5 Outstanding interest-bearing debt 3,100.7 3,079.1 21.5 14 C o
Slide 19: Forecast for FY2024 by Segments
Forecast for FY2024 by Segments [Ordinary income] (Billion yen, %) Change Current July 31 (A) (B) (A-B) (A-B)/B Miraiz 110.0 70.0 approx. 40.0 57.1 <ordinary income <approx. 110.0> <approx. 70.0> <approx. 40.0> <57.1> excluding time lag> Power Grid 35.0 15.0 approx. 20.0 133.3 JERA 80.0 80.0 - - <or
Slide 20: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2024 FY2025 [Medium-term (Result) (Forecast) management plan] ROIC 5.5 approx. 4.0 3.2 or more ROA 5.8 approx. 4.0 - ROE 11.6 approx. 7.0 approx. 7.0 (Note) ROIC=Ordinary Income(loss)* before Interest Expense and after Income Taxes / Average Invested Ca
Slide 21: DISCLAIMER
DISCLAIMER The forecasts in this presentation are based on information available as of the date of this announcement was made, and also, assumptions as of the date of this announcement were made on uncertain factors that would affect future results. Actual results may materially differ by various ca
Slide 22: 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 — H1 FY2024 Earnings Presentation on 6ix