Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Q3 FY2008 Earnings Presentation
34 slides from Tokyo Electric Power's earnings presentation, Jan 30, 2009
Slide 1: FY2008 3rd Quarter Financial Results Presentation Materials
TEPCO FY2008 3rd Quarter Financial Results (April 1, 2008 – December 31, 2008) Presentation Materials January 30, 2009 Tokyo Electric Power Company Managing Director Masaru Takei The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 2: Regarding Forward-Looking Statements (Performance Projections)
TEPCO Regarding Forward-Looking Statements (Performance Projections) Certain statements in the following presentation regarding Tokyo Electric Power Company’s business operations may constitute “forward-looking statements.” As such, these statements are not historical facts but rather predictions ab
Slide 3: Overview of FY2008 3rd Quarter Financial Results
TEPCO Ⅰ．Overview of FY2008 3rd Quarter Financial Results <Note>Some accounting procedures have changed due to the the quarterly report system introduced in FY 2008. Comparison data from FY 2007 3rd quarter (9 months) is for your reference. Financial figures in this report are based on this premise.
Slide 4: FY2008 3rd Quarter Results Summary (Consolidated and Non-consolidated)
FY2008 3rd Quarter Results Summary (Consolidated and Non-consolidated) ２ TEPCO (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) FY2008 3Q of the FY2007 3rd quarter Comparison year <9 months>(A) <9 months> (B) (A)-(B) (A)/(B)(%) Electricity sales
Slide 5: Revised Performance Outlook for FY2008 -1 (Key Factors)
Revised Performance Outlook for FY2008 -1 (Key Factors Affecting Performance and Financial Impact) 3 TEPCO Key Factors Affecting Performance FY2008 FY2007 4th Quarter 3Q of the Year Full Year Projection Full Year Projection Full Year Projection Actual Performance (as of January 30) (as of October 31
Slide 6: Revised Performance Outlook for FY2008 -2 (Comparison with previous projection)
Revised Performance Outlook for FY2008 -2 (Comparison with previous projection) ４ TEPCO (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income or loss Ordinary income or loss Net income or loss Present projection （J
Slide 7: Revised Performance Outlook for FY2008 -3 (Comparison with previous year)
Revised Performance Outlook for FY2008 -3 (Comparison with previous year) 5 TEPCO (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income or loss Ordinary income or loss Net income or loss Present projection （January
Slide 8: Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station
Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station 6 TEPCO FY2007 FY2008 3Q of the year FY2008 full year projection1 【Ref.】FY2008 full year projection (Unit: Billion yen) actual performance actual performance (as of January 30) (as of October 31) Total 615.0 478.5 603.5 658.0 Fuel ex
Slide 9: Status of Large Industrial Power
【Reference】Status of Large Industrial Power 7 TEPCO Reflecting a rapid and significant drop in industrial production, December 2008 electricity sales to large industrial customers decreased 10.2 percent compared to December 2007, the largest year-on-year decrease on record. 【Year-on-Year Electrici
Slide 10: New Fuel Cost Adjustment System Revisions
【Reference】New Fuel Cost Adjustment System Revisions 8 TEPCO Outline of New Fuel Cost Adjustment System 9 Period until reflected in electricity tariff rates shortened from 3 to 2 months. Fuel cost adjustment applied each month. 9 Upper adjustment limit was not revised this time. 9 The mechanism fo
Slide 11: Performance of All-Electric Housing
【Reference】Performance of All-Electric Housing 9 TEPCO Transition of Cumulative Number of All-Electric Housings （Ref.）All-Electric Housings (thousand homes) among New Housings 600 564 100 91 25.0% 22% Sales Target 77 500 FY2006: 96 thousand homes 456 80 20.0% FY2007:150 thousand homes (thousand home
Slide 12: Expansion of New Electricity Volume
【Reference】Expansion of New Electricity Volume 10 TEPCO Industrial Sector 2 We have established the TEPCO Electrified Factory I as a facility offering customers first-hand experience with electrical equipment that contributes to process innovation in order to create ideas and support the developme
Slide 13: FY2008 3rd Quarter Financial Results (Detailed Information)
TEPCO Ⅱ. FY2008 3rd Quarter Financial Results (Detailed Information) <Note>Some accounting procedures have changed due to the the quarterly report system introduced in FY 2008. Comparison data from FY 2007 3rd quarter (9 months) is for your reference. Financial figures in this report are based on th
Slide 14: Statement of Income (Consolidated)
Statement of Income (Consolidated) 12 TEPCO (Unit: Billion yen) FY2008 FY2007 Comparison 3Q of the year (A) 3rd quarter (B) (A)-(B) (A)/(B) (%) Operating revenues 4,251.2 3,971.8 279.3 107.0 Operating expenses 4,387.5 3,744.3 643.1 117.2 Operating income or loss -136.3 227.5 -363.8 － Non-operating r
Slide 15: Revenues Breakdown (Non-consolidated)
Revenues Breakdown (Non-consolidated) 13 TEPCO (Unit: Billion yen) FY2008 FY2007 Comparison 3Q of the year (A) 3rd quarter (B) (A)-(B) (A)/(B) (%) Ordinary revenues 4,101.3 3,815.5 285.8 107.5 Operating revenues 4,069.8 3,791.2 278.5 107.3 Electric power operating revenues 4,008.8 3,755.0 253.7 106.
Slide 16: Expenses Breakdown (Non-consolidated)
Expenses Breakdown (Non-consolidated) 14 TEPCO (Unit: Billion yen) FY2008 FY2007 Comparison 3Q of the year (A) 3rd quarter (B) (A)-(B) (A)/(B) (%) Ordinary expenses 4,346.1 3,707.4 638.7 117.2 Operating expenses 4,237.6 3,592.9 644.6 117.9 Electric power operating expenses 4,170.6 3,559.6 611.0 117.
Slide 17: Period-on-Period Comparison of Ordinary Expenses - 1
Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated) 15 TEPCO Personnel expenses (¥207.1 billion to ¥346.4 billion) +¥139.2 billion Salary and benifits(¥238.8 billion to ¥231.8 billion) -¥6.9 billion Factors include lower employee bonuses Retirement benefits(¥-95.1 billion to ¥49.
Slide 18: Period-on-Period Comparison of Ordinary Expenses - 2
Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated) 16 TEPCO Maintenance expenses (¥320.6 billion to ¥266.8 billion) -¥53.8 billion Generation related (¥148.8 billion to ¥118.6 billion) Factors for Increase/Decrease -¥30.1 billion Hyddroelectric power：Decrease in maintenance expe
Slide 19: Period-on-Period Comparison of Ordinary Expenses - 3
Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated) 17 TEPCO Factors for Increase/Decrease Power purchasing cost (¥547.0 billion to ¥630.3 billion) Purchased power from other utilities： Decrease in power exchange for resource +¥83.2 billion Purchased power from other utilities (¥
Slide 20: Balance Sheets (Consolidated and Non-consolidated)
Balance Sheets (Consolidated and Non-consolidated) 18 TEPCO (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Bond issues in FY2008 Dec. 31, Mar. 31, Comparison 2008 (A) 2008 (B) (A)-(B) (A)/(B) (%) Issue amount Period Coupon rate Issue date (bil
Slide 21: Free Cash Flow and its Application
Free Cash Flow and its Application (Consolidated and Non-consolidated) 19 TEPCO (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) FY2008 3Q of the FY2007 3rd quarter Comparison year <9 months>(A) <9 months> (B) (A)-(B) (A)/(B) (%) Net cash provid
Slide 22: Segment Information-1 (Actual performance)
Segment Information-1(Actual performance) 20 TEPCO (Unit: Billion yen) Major subsidiaries in each segment (Unit: Billion yen) FY2008 FY2007 Operating revenues Operating income※ 3Q of the year 3rd quarter Comparison Increase or Increase or decrease decrease <9 months>(A) <9 months> (B) (A)-(B) (A)/(B
Slide 23: Segment Information-2 (Energy and Environment Segment <Gas Company>)
Segment Information-2 (Energy and Environment Segment <Gas Company>) 21 TEPCO (Unit: Billion yen) Performance Performance FY2008 3Q of the year Comparison FY2008 FY2007 <9 months> actual performance actual performance (A)-(B) (A)/(B) (%) Operating revenues 51.8 27.5 24.2 188.0 Operating income or lo
Slide 24: Total Power Generated and Purchased, Electricity Sales Volume and Average Monthly Temperature
Total Power Generated and Purchased, Electricity Sales Volume 22 TEPCO and Average Monthly Temperature Total Power Generated and Purchased (Units: Billion kWh, %) Average Monthly Temperature (Unit: ℃) FY2008 Oct. Nov. Dec. 1st half 3rd quarter 3Q of the year FY2008 18.6 12.2 8.7 Total power generate
Slide 25: The Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives
TEPCO 【Reference】 The Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives - Progress & Key Changes since the Financial Result Announcement on Oct.31, 2008 - The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 26: Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations
Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations 24 TEPCO Restoration Initiatives at the Kashiwazaki-Kariwa Nuclear Power Station Earthquake-Resistance and Safety Improvement Initiatives Earthquake- Geological survey and Facility inspection response analysis assessment Reflects know
Slide 27: Earthquake-Resistance
TEPCO Overview of Status of Initiatives 25 Item Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7 Submission of inspection and Facility Soundness Evaluation Submitted Submitted Submitted Submitted Submitted Submitted Submitted Build- evaluation plan (Jul. 18, 2008) (Sep. 18, 2008) (Jul. 18, 2008) (Se
Slide 28: Flow and Progress of Inspection and Analysis at Unit
Flow and Progress of Inspection and Analysis at Unit 7 26 TEPCO Evaluation of Facility Soundness due to the Chuetsu-Oki Earthquake Evaluation of Earthquake Resistance and Safety Evaluation of Building and Structure Evaluation of Equipment and Evaluation of Earthquake Resistance and Safety against Gr
Slide 29: Investigation and Analysis Initiatives to Date
【Facility Soundness Evaluation】 27 TEPCO Investigation and Analysis Initiatives to Date ◆ Initiatives at Unit 7 － In October 2008, the Nuclear and Industrial Safety Agency (NISA) reported to the Nuclear Safety Commission that TEPCO’s inspections and evaluations of buildings and structures and indivi
Slide 30: Confirmation of Overall Plant Soundness
【Facility Soundness Evaluation】Confirmation of Overall Plant Soundness 28 TEPCO ◆ As in the case of the steam turbine, TEPCO must start the reactor to confirm the soundness of equipment and other facilities driven by steam from the reactor. Inspections and evaluations to confirm the impact of the ea
Slide 31: Determination of Ground Movement Standards (Ss)
【Earthquake-Resistance and Safety Improvement Initiatives】 29 TEPCO Determination of Ground Movement Standards (Ss) ◆ Based on the revised Regulatory Guide for Reviewing Seismic Design of Nuclear Power Reactor Facilities, TEPCO conducted geological surveys, evaluated active faults and analyzed seism
Slide 32: Earthquake Resistance and Safety Evaluation
【Earthquake Resistance and Safety Improvement Initiatives】 Earthquake Resistance and Safety Evaluation 30 TEPCO ◆ For Unit 7, based on the revised Regulatory Guide for Reviewing Seismic Design of Nuclear Power Reactor Facilities, TEPCO has been conducting evaluations of earthquake resistance and saf
Slide 33: Reinforcement Work
【Earthquake-Resistance and Safety Improvement Initiatives】 Reinforcement Work 31 TEPCO ◆ TEPCO is conducting work as needed to reinforce the earthquake resistance of key facilities. ◆ Current schedule of work planned and in progress Note: Excludes preparatory work 2008 2009 Jun. Jul. Aug. Sep. Oct.
Slide 34: Governmental Inspection and Investigation System
【Reference】 TEPCO Governmental Inspection and Investigation System 32 METI Cabinet Office and Nuclear and Industrial Nuclear and Industrial Nuclear Safety Safety Agency (NISA) Double check Commission Safety Division Monitoring and auditing of Report administrative agencies’ regulations Subcommittee
Tokyo Electric Power Company Holdings — Q3 FY2008 Earnings Presentation on 6ix