Electric Power Development Co., Ltd. · TSE:9513

Electric Power Development — Q2 FY2019 Earnings Presentation

31 slides from Electric Power Development's earnings presentation, Oct 31, 2018

  1. Slide 1: J-POWER 2019年3月期 第2四半期決算説明資料

    2019 3 W POWER 2018 10 31

  2. Slide 2: Electric power sales volumes (kWh)

    SW PowER kWh

  3. Slide 3:       

           2

  4. Slide 4: Consolidated results overview

    2017 2018 2 2 4,102 4,242 140 3.4% 676 479 -197 -29.1% 675 426 -248 -36.8% 459 311 -148 -32.3% 2017 2018 2 2 3,000 3,152 151 5.1% 410 229 -181 -44.2% 491 345 -146 -29.8% 397 302 -95 -24.0% 2017 2018 2 2 1,106 920 -186 -16.9% * 3

  5. Slide 5: Electric power sales and generation volumes

    2017 2018 [ ] 2 2 kWh 323 333 10 3.2% 48 59 10 21.4% 270 259 -10 -3.9% 2 3 0 5.3% 1 11 72 56 -15 -21.7% [ ] 94% 113% + 19 76% 75% - 1 *1 *2 *3 4

  6. Slide 6: Operating revenues and income summary

    2017 2018 2 2 4,102 4,242 140 3.4% 3,073 3,268 195 6.4% 2,795 3,011 216 7.7% 244 249 5 2.1% *1 751 689 -61 -8.2% *2 277 284 6 2.5% /US$ 6 112.00 110.54 /THB 6 3.29 3.33 THB/US$ 6 33.98 33.17 /US$ 111.04 110.26 *1 *2 5

  7. Slide 7: Factors affecting ordinary income

    90 600 120 +5 +20 75 5 +15 400 675 200 426 - / 2017 2018 2Q 2Q 6

  8. Slide 8: Consolidated income statement comparison

    2017 2018 2 2 4,102 4,242 140 3,073 3,268 195 751 689 -61 277 284 6 3,425 3,763 337 676 479 -197 153 102 -50 45 48 2 65 - -65 41 54 12 154 155 1 142 128 -14 11 26 15 675 426 -248 459 311 -148 7

  9. Slide 9: Balance sheet

    2018 2017 2 23,252 23,537 284 9,511 9,538 27 3,414 3,248 -165 934 878 -55 5,257 5,338 81 738 743 5 3,397 3,789 392 3,217 3,777 559 26,470 27,314 843 15,613 16,376 762 2,495 2,412 -82 18,109 18,789 679 7,451 7,689 237 421 365 -55 488 469 -18 8,361 8,525 164 D/E 2.0 2.0 29.7% 29.5% 8

  10. Slide 10: Forecast for the fiscal year

    2018 4 27 2017 2018 2017 2018 8,562 8,630 67 0.8% 6,145 6,110 -35 -0.6% 1,043 840 -203 -19.5% 430 260 -170 -39.6% 1,024 700 -324 -31.7% 524 490 -34 -6.6% 684 500 -184 -27.0% 419 450 30 7.3% 2017 2018 1,963 1,750 -213 -10.9% 2017 35 40 75 2018 35 40 75 9

  11. Slide 11: SW PowER

    SW PowER

  12. Slide 12: APPENDIX

    APPENDIX SW PowER A A A, a, a, a a, rr a a ar

  13. Slide 13: 灘

    灘 12

  14. Slide 14:   茨 

      茨  13

  15. Slide 15: Ohma nuclear power project (ABWR, MOX)

     2014 12   摯  1,383MW ABWR MOX 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 2018 9 14

  16. Slide 16: WS PowER

    WS PowER |_| v 2020 2025 v 1,300 Peace SESE BABS | BRECK, BH HEROS | AAMT EBESEEOR REG REROME | | tok MaOkeit TTMBELAVV SRA FOB BBW ERA BST ME BID OM Rt *ME oe —- 44> I PIAS I bORa I b-e emit Reet ow / # = N= are , ! set ne weapaaicetin |B + pe” xs PAM ACTP.H1nt ra BREE 7 ' +r ATE ay H — ln H it | T

  17. Slide 17: WS PowER T + T 145, ae

    WS PowER 2 140 141 T + T 145, ae bese a Ht REAR Vata | OD ee Ee FU HMeR | MES MOwR™ Mw8.3 Fa 1 4 REMAPASI AMR M75 fie te), Saeeeer nae TL —hAME F-14BI-kSMRO a . } +H PASI AME MB.2 ane _ >. | “ REBAR RICK SiR M75 PEFR a” BETES PALROMRO PARES AR AN Nb on RRB F-14e RICK SiR M6.7 a 5. f a PL IA | 22011

  18. Slide 18: WS PowER

    WS PowER 2011 \\\8 7 U-Heia : ZRH EFL Mw9. 0 AIAG 748 15K 75 BT PS + Bae _b OD FA eo AA ER - ABEL SY « KLUB SR (LUA BA ER) Sgatcuim | ( } Lok mat 9 BETSY e

  19. Slide 19: Overseas business: IPP capacity

    2018 9 MW MW 2,000 680 2,000 34% 680 25 2020 926 232 *1 926 25% 232 PJM*2 2019 860 215 860 25% 215 CfD *3 15 2021 (MW) (MW) 8,000 6,000 3,300 - 3,300 1,785 232 2,016 4,000 944 - 944 2,000 656 895 1,551 - 6,685 1,127 7,811 '11 '12 '13 '14 '15 '16 '17 *1 CCGT Combined Cycle Gas Turbine : *2 PJM Indepe

  20. Slide 20: Overseas IPP and PJM projects

    2018 9 • 2011 IPP 2,000MW 1,000MW 2 • 34% • 25 1 2020 6 2 2020 12 • 2017 1 25% 926MW • 2019 1 CCGT 25% PJM 2019 • 860MW • 25% 2021 19

  21. Slide 21: IGCC and IGFC demonstration

    : IGCC  IGCC IGFC CO2 : J-POWER 50% 50% 166MW : 1,180t/  IGCC : 2  IGFC : IGCC 20

  22. Slide 22: Consolidated financial data (income)

    2014 2015 2016 2017 2017 2Q 2018 2Q 7,506 7,800 7,444 8,562 4,102 4,242 5,881 5,708 5,385 6,319 3,073 3,268 1,089 1,559 1,498 1,630 751 689 535 532 559 612 277 284 6,777 6,921 6,626 7,519 3,425 3,763 728 879 817 1,043 676 479 227 178 205 291 153 102 156 108 132 97 45 48 70 69 72 193 107 54 362 472 3

  23. Slide 23: Non-consolidated financial data

    2014 2015 2016 2017 2017 2Q 2018 2Q 5,579 5,523 5,224 6,145 3,000 3,152 5,485 5,430 5,109 6,014 2,945 3,074 4,953 4,902 4,579 5,456 2,659 2,808 532 527 529 558 286 265 93 93 115 131 54 78 5,133 5,107 4,948 5,715 2,589 2,923 5,049 5,023 4,842 5,593 2,538 2,849 285 318 436 342 165 160 (- 43) (- 23) (1

  24. Slide 24: Results by segment

    * 2018 3,277 1,973 689 142 6,082 -1,839 4,242 2Q 3,268 157 689 127 4,242 - 4,242 198 85 138 6 428 -1 426 2017 3,081 1,825 751 104 5,762 -1,660 4,102 2Q 3,073 187 751 90 4,102 - 4,102 379 71 217 3 671 3 675 196 148 -61 37 319 -179 140 195 -30 -61 37 140 - 140 -180 13 -79 3 -243 -5 -248 J-POWER IPP *

  25. Slide 25: Cash flow and capital expenditures

    2014 2015 2016 2017 2017 2Q 2018 2Q 1,478 1,461 1,154 1,603 708 486 615 584 671 990 675 426 778 734 496 534 256 252 -1,429 -1,315 -1,376 -1,096 -401 -925 -879 -375 -175 -147 -51 -70 * -611 -1,063 -998 -941 -252 -366 48 145 -222 506 307 -439 * 24

  26. Slide 26: Key financial indicators

    2014 2015 2016 2017 2017 2Q 2018 2Q 7,506 7,800 7,444 8,562 4,102 4,242 728 879 817 1,043 676 479 593 585 671 1,024 675 426 432 400 414 684 459 311 26,591 25,407 26,062 26,470 25,822 27,314 5,069 4,410 4,761 5,257 4,854 5,338 6,887 6,665 7,238 7,872 7,604 8,055 6,962 6,754 7,640 8,361 8,055 8,525 17

  27. Slide 27: Sales volumes (kWh)

     2017 4 - 2017 9  2018 4 - 2018 9 76 75 270 kWh 259 kWh * 26

  28. Slide 28: Generation volumes (kWh)

     2017 4 - 2017 9  2018 4 - 2018 9 94 113 48 kWh 59 kWh 27

  29. Slide 29: Generation volumes (kWh)

     2017 4 - 2017 9 2.9 kWh  2018 4 - 2018 9 3.1 kWh 28

  30. Slide 30: Utilization rates

     2017 4 - 2017 9 323 kWh  2018 4 - 2018 9 333 kWh 4 -9 121% 96% 105% 103% 29

  31. Slide 31: http://www.jpower.co.jp/

    http://www.jpower.co.jp/ 30

Electric Power Development Co., Ltd. (J-POWER) — Q2 FY2019 Earnings Presentation on 6ix