Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — FY2018 Q2 Earnings Presentation
13 slides from Tokyo Electric Power's earnings presentation, Oct 30, 2018
Slide 1: Overview of FY2018 2nd Quarter Financial Results
Overview of FY2018 2nd Quarter Financial Results (Released on October 30, 2018) ©Tokyo Electric Power Company Holdings, Inc. All Rights Reserved.
Slide 2: Key Points of FY2018 2nd Quarter Financial Results
Key Points of FY2018 2nd Quarter Financial Results 1 < FY2018 2nd Quarter Financial Results > Although electricity sales volume from TEPCO group companies decreased due to a decline in electricity sales volume caused by intensifying competition, operating revenue increased due to an increase in fu
Slide 3: 1. Consolidated Financial Results
1. Consolidated Financial Results 2 (Unit: Billion kWh) FY2018 FY2017 Comparison Apr-Sep (A) Apr-Sep (B) (A)-(B) (A)/(B) (%) Electricity Sales Volume 116.1 118.1 -2.1 98.3 (Unit: Billion yen) FY2018 FY2017 Comparison Apr-Sep (A) Apr-Sep (B) (A)-(B) (A)/(B) (% ) Operating Revenue 3,055.5 2,831.6 223.
Slide 4: 2. Key Points of Each Company
2. Key Points of Each Company 3 < TEPCO Holdings > Ordinary income increased due to an increase in dividend income and other areas. < TEPCO Fuel & Power > Although fixed costs decreased from cost reduction efforts and other areas, ordinary income decreased due to an increase in fuel costs. < TEP
Slide 5: 3. Overview of Each Company
3. Overview of Each Company 4 (Unit: Billion kWh, yen/dollar) ・Decrease in other FY2018 FY2017 electricity revenue -11.6 Comparison Apr-Sep Apr-Sep ・Increase in sold power A r e a D e m a n d 137.8 134.9 2.9 to other suppliers ＋111.3 Foreign Exchange Rate (TTM) 110.3 111.1 - 0.8 (Unit: Billion yen)
Slide 6: 4. Consolidated Extraordinary Income/Loss
4. Consolidated Extraordinary Income/ Loss 5 (Unit: Billion yen) FY2018 FY2017 Comparison Apr-Sep Apr-Sep Extraordinary Income/ Loss -84.6 18.3 -103.0 Extraordinary Income － 128.6 -128.6 Grants-in-aid from NDF* － 128.6 -128.6 Extraordinary Loss 84.6 110.2 -25.5 Expenses for Nuclear Damage Compensati
Slide 7: 5. Consolidated Financial Position
5. Consolidated Financial Position 6 Total assets decreased 111.9 billion yen primarily due to decreases in grants-in-aid receivable from NDF. Total liabilities decreased 203.3 billion yen primarily due to decreases in current liabilities such as accounts payable-other. Total net assets increased
Slide 8: 6. FY2018 Full-Year Financial Forecasts
6. FY2018 Full-Year Financial Forecasts 7 (Unit: Billion Yen) FY2018 Projections FY2018 Projections (released on Oct. 30, (released on Jul. 30, FY2017 Results 2018) 2018) Operating Revenue 6,099 6,099 5,850.9 Ordinary Income/ Loss 285 285 254.8 Extraordinary Income/ Loss － － 73.8 Net Income attribut
Slide 9: <Reference> Key Factors Affecting Performance (Results)
<Reference> Key Factors Affecting Performance（Results） 8 Area Demand (Unit: Billion kWh) FY2018 FY2017 Comparison Apr-Sep (A) Apr-Sep (B) (A)-(B) (A)/(B) (%) Area Demand 137.8 134.9 2.9 102.2 Foreign Exchange Rate / CIF FY2018 FY2017 (A)-(B) Apr-Sep (A) Apr-Sep (B) Foreign Exchange Rate (Interbank,
Slide 10: <Reference> Key Factors Affecting Performance (Financial Forecasts)
<Reference> Key Factors Affecting Performance (Financial Forecasts) 9 Key Factors Affecting Performance FY2018 Projections FY2018 Projections (released on Oct. 30, 2018) (released on Jul. 30, 2018) Electricity Sales Volume (Billion kWh) 232.3 232.4 Crude Oil Prices (All Japan CIF; dollars per barrel
Slide 11: <Reference> Consolidated Ordinary Income/Loss - Year on Year Comparison
<Reference> Consolidated Ordinary Income/ Loss –Year on Year Comparison 10 Ordinary Income / Loss (Unit: Billion Yen) Factors related to Power Supply and Demand Others (Including renewable energy) + 96.5 - 101.8 + 0.8 yen/$ Foreign exchange rate CIF + 22.4$/b Decrease + 5.0 Fuel cost - 137.0 in Prof
Slide 12: <Reference> Consolidated Ordinary Revenue
<Reference> Consolidated Ordinary Revenue 11 (Unit: Billion Yen) FY2018 FY2017 Comparison Apr-Sep (A) Apr-Sep (B) (A)-(B) (A)/(B) (%) (Operating Revenue) 3,055.5 2,831.6 223.9 107.9 Electricity Sales Revenue 2,350.2 2,292.2 58.0 102.5 Power Sold to Other Utilities and 178.5 125.5 52.9 142.2 Supplier
Slide 13: <Reference> Consolidated Ordinary Expenses
<Reference> Consolidated Ordinary Expenses 12 (Unit: Billion Yen) FY2018 FY2017 Comparison Apr-Sep (A) Apr-Sep (B) (A)-(B) (A)/(B) (%) Personnel Expenses 149.7 163.9 -14.2 91.3 Fuel Expenses 748.7 609.2 139.5 122.9 Maintenance Expenses 122.0 135.3 -13.3 90.2 Depreciation 264.0 273.4 -9.4 96.6 Power
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