Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — H1 FY2023 Earnings Presentation
22 slides from Chubu Electric Power Company,incorporated's earnings presentation, Oct 27, 2023
Slide 1: Presentation Materials for Six-Months ended September 30, 2023
Presentation Materials for Six-Months ended September 30, 2023 October 27, 2023
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Six-Months ended September 30, 2023 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, 2023
Outline of Financial Results for Ⅰ Six-Months ended September 30, 2023 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2023 represents the fiscal year begun on April 1, 2023, and ending on March 31, 2024. 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: 1,841.5 billion yen Operating revenues increased by 62.3 billion yen compared with 2022/2Q, mainly due to an increase in fuel cost adjustment charge (+78.5 billion yen*). *including subsidiary aid for
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues increased by 62.3 billion yen) (Billion yen) 20,000 2,000.0 An increase in fuel cost adjustment charge Others -16.1 18,000 1,800.0 78.5 *including subsidiary aid for drastic mitig
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income increased by 400.3 billion yen) (Billion yen) 5,000 500.0 Power Grid 4,500 450.0 Miraiz (Excluding 70.8 4,000 400.0 time lag) -81.4 Others 4.3 3,500 350.0 JERA Time lag income 104.6 (Ex
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2023/2Q 2022/2Q Change (A) (B) (A-B) (A-B)/B Miraiz 1,509.3 1,361.6 147.6 10.8 Power Grid 444.9 566.1 (121.2) (21.4) Other (*1) 412.2 388.6 23.5 6.1 Adjustment (524.9) (537.2) 12.3 (2.3) Total 1,841.5 1,779.2 62.3 3.5
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 increased by 116.6 billion yen compared with 2022/2Q, mainly due to a reduction in power supply procurement costs, etc. [Reference] Ordinary income excluding time lag: Approx. 1
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 increased by 70.8 billion yen compared with 2022/2Q, mainly due to revision of transmission charges by Revenue cap system and a decrease in supply and demand adjustment costs
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 increased by 208.5 billion yen compared with 2022/2Q, mainly due to time lag impact becoming gain instead of loss [Reference] Ordinary income excluding time lag: Approx. 28.0 billio
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Increased by 0.2TWh since the flow rate was higher than 2022/2Q ■ Renewable energy Same as 2022/2Q (TWh,%) Change 2023/2Q 2022/2Q (A) (B) (A-B) (A-B)/B Hydro 5.4 5.2 0.2 4.0 <flow rate> <101.5> <99.3> <2.2> Nucl
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) (Billion yen) Loss (182.0) Income 120.0 Elements of cost (fuel procurement) Elements of income (time lag from fuel procurement) 9 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 13: Summary of Forecast for FY2023 <1>
Summary of Forecast for FY2023 <1> <Forecast> (Consolidated) Forecast has been revised from the previous announcement made on July 28, 2023. Consolidated operating revenues: 3,650.0 billion yen (forecast) No change from the previous forecast. Consolidated ordinary income: 410.0 billion yen (forecast
Slide 14: Summary of Forecast for FY2023 <2>
Summary of Forecast for FY2023 <2> [Principal Figures] Competitive impacts in sales <(approx. 0.7)> <Electrical Energy Sold> Impacts of temperature and market etc. <approx. 1.3> (TWh,%) Current July 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 105.1 104.5 0.6 0.6 Electrical Energy Sold inc
Slide 15: Dividends
Dividends <Policy of Return to Shareholders> Chubu Electric Power 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 impo
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,%) 2023/2Q 2022/2Q Change (A) (B) (A-B) (A-B)/B Operating revenues 1,841.5 1,779.2 62.3 3.5 Share of profit of entities accounted for using equity method 142.7 - 142.7 - Other 6.0 6.2 (0.1) (2.9) Nonoperating revenues 148.8 6.2 142.5 Large Ordinary reve
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Sep. 30, 2023 Mar. 31, 2023 Change (A) (B) (A-B) Assets 6,959.1 6,455.1 504.0 Liabilities 4,316.3 4,292.8 23.4 Net assets 2,642.7 2,162.2 480.5 Shareholders' equity ratio (%) 36.5 31.9 4.6 Outstanding interest-bearing debt 3,009.9 2,925.7 84.2 14 C o p y
Slide 19: Forecast for FY2023 by Segments
Forecast for FY2023 by Segments [Ordinary income] (Billion yen, %) Current July 28 Change (A) (B) (A-B) (A-B)/B Miraiz 160.0 80.0 approx. 80.0 100.0 <ordinary income <150.0> <70.0> <approx. 80.0> <114.3> excluding time lag> Power Grid 85.0 70.0 approx. 15.0 21.4 JERA 150.0 150.0 - - <ordinary income
Slide 20: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2022 FY2025 [Medium-term (Forecast) (Result) management plan] ROIC approx. 5.0 2.9 3.0 or more ROA approx. 5.0 2.8 - ROE approx. 10.0 6.3 approx. 7.0 *Figures excluding time lag 16 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
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 FY2023 Earnings Presentation on 6ix