Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — FY2022 Earnings Presentation

34 slides from Tokyo Gas's earnings presentation, Apr 26, 2023

  1. Slide 1: FY2022 Financial Results

    TSE:9531 FY2022 Financial Results ended March, 2023 April 26, 2023

  2. Slide 2: Looking Back at the FY2020-2022 Medium-term Management Plan

    Medium-term Management Plan（ Announced: March 25, 2020）Key figures 2 Looking Back at the FY2020-2022 Medium-term Management Plan Although the business landscape was clouded by uncertainties such as COVID-19 and increased market volatility, our business results far exceeded our KGI target, thanks to

  3. Slide 3: Medium-term Management Plan Key figures: Capex, Investments and Financing

    Medium-term Management Plan（ Announced: March 25, 2020）Key figures 3 （billion yen) FY2020 FY2021 FY2022 FY2020-22 FY2022 Results Results Results Results Target Overseas business *6 63.0 58.0 32.2 153.3 200.0 Breakdown) renewable 20.2 38.8 2.5 61.7 110.0 energy Solutions, etc. *7 43.2 29.9 57.1 130.3

  4. Slide 4: FY2022 Consolidated Financial Results

    01 FY2022 Consolidated Financial Results ended March, 2023 Note: Figures for the fiscal year ended March 31, 2022, represent figures after retroactive application and restatement following a change in accounting policies and changes in presentation, respectively. Copyright© TOKYO GAS Co., Ltd. All R

  5. Slide 5: Highlights: Sales UP, Profit Up

    FY2022 Consolidated Results Sales, Interest, etc. (Apr. 1, 2022 –Mar. 31, 2023) vs. FY2021 5 Highlights: Sales UP, Profit Up (+/- indicate impact on profit, billion yen) Net sales +1,134.8 Increase in city gas unit price due to resource costs adjustment, etc. Operating -840.8 Impact from the increas

  6. Slide 6: FY2022 Consolidated Results Assets, Cash Flows, etc.

    FY2022 Consolidated Results Assets, Cash Flows, etc. vs. FY2021 6 (Unit: billion yen、 balance sheet figures are as of the corresponding term-end) FY2022 FY2021 Reference Result Results Total assets (a) 3,581.4 3,187.6 Increase in current assets (＋3,181) and fixed assets (+758) Shareholders’ equity =

  7. Slide 7: FY2022 Results: Sales and Operating Profit/Loss by Business Segments

    【New Segments】 vs. FY2021 FY2022 Results : Sales and Operating Profit/Loss by Business Segments 7 (unit : billion yen) Segment Profit(Operating profit Net sales ※5 + Equity income/loss of subsidiaries) FY2022 FY2021 FY2022 FY2021 Results Results Change ％ Results Results Change ％ Energy solution*1 （i

  8. Slide 8: FY2022 Results: Ordinary Profit Analysis

    【New Segments】 FY2022 Results : Ordinary Profit Analysis vs. FY2021 8  Increase in city gas gross margin +¥161.6 bn: Change in volume, etc. -24.5 (incl. change due to temp effect -3.6), Energy sliding time lag effect +186.1 solution (Net sales) ＋¥533.5 bn: Change in volume, etc. -42.9, sliding time

  9. Slide 9: FY2022 Results: Sales and Operating Profit/Loss by Business Segments (Former Segments)

    【Former Segments】 vs. FY2021 FY2022 Results : Sales and Operating Profit/Loss by Business Segments 9 (unit : billion yen) Segment Profit(Operating profit Net sales※4 + Equity income/loss of subsidiaries) FY2022 FY2021 FY2022 FY2021 Results Results Change ％ Results Results Change ％ Gas※1 2,230.9 1,45

  10. Slide 10: FY2022 Consolidated Gas Sales Volume/Number of Customers

    FY2022 Consolidated Gas Sales Volume/ Number of Customers vs. FY2021 10 City Gas sales volume: Number of customers(City Gas), LNG sales volume, Average temperature （ Unit： mil. ㎥） -572mil.㎥ (-4.4%) 14,000 FY2022 FY2021 Change including temperature effect 13,146 Number of customers for ‐61mil.㎥,-0.5%

  11. Slide 11: FY2022 Consolidated Electricity Sales Volume/Number of Customers

    FY2022 Consolidated Electricity Sales Volume/ Number of Customers vs. FY2021 11 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Quarter (thousands) Cumulative (thousands) 3,475 +6,157mil. kWh 34,445 300 3,190 3,314 3,500 35,000 3,090 (+21.8%) 3,014 2,934

  12. Slide 12: Returns to Shareholders

    Returns to Shareholders 12 ＜ Shareholder return policy for FY2022 results＞ ・Distributable income will be applied to the improvement of customer services and to the achievement of a sustainable society, and also distributed to shareholders in a timely and appropriate manner. ・Acquisition of treasury

  13. Slide 13: FY2023 Full Year Forecast

    02 FY2023 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  14. Slide 14: Highlights: Sales Down, Profit Down

    FY2023 Consolidated Forecast Sales, Interest, etc. (Apr. 1, 2023 – Mar. 31, 2024) vs. FY2022 14 Highlights: Sales Down, Profit Down (vs. FY2022) vs. FY2022 Net sales -392.6 Decrease in city gas unit price due to resource costs adjustment, etc. Operating +121.1 Decrease in city gas resource costs due

  15. Slide 15: FY2023 Consolidated Forecast Assets, Cash Flows, etc.

    FY2023 Consolidated Forecast Assets, Cash Flows, etc. vs. FY2022 15 (Unit: billion yen) FY2023 FY2022 Reference Forecast Results Increase in new capital expenditures, investments & Total assets (a) 3,719.0 3,581.4 financing, etc. Decrease from share buyback, and dividends Shareholders’ equity (b) 1,

  16. Slide 16: FY2023 Investments (Capex, Investments and financing)

    FY2023 Investments （Capex , Investments and financing） 16 (Unit: billion yen) FY2023 FY2022 Main Items Change ％ Forecast Results Capital Expenditure Energy solution 98.5 74.7 23.8 31.8 Production facilities : 5.8 Other Production facilities, etc. City gas(excluding Network)*1 48.7 25.5 23.2 91.1 Ser

  17. Slide 17: FY2023 Investments: Medium-Term Management Plan Breakdown

    FY2023 Investments （Capex , Investments and financing） 17 Reference: Breakdown of the Medium-Term Management Plan for FY 2023-2025 (Unit: billion yen) FY2023 FY2020-22 FY2023-25 Main Items Forecast Results Plan 475.8 650.0 Overseas,Renewable power,Urban Development, etc. Growth investments 211.9 Bre

  18. Slide 18: FY2023 Forecast: Sales and Operating Profit/Loss by Business Segments

    【New Segments】 vs. FY2022 FY2023 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments 18 (unit : billion yen) Segment Profit(Operating profit Net sales *4 + Equity income/loss of subsidiaries) FY2023 FY2022 FY2023 FY2022 Forecast Results Change ％ Forecast Results Change ％ Energy

  19. Slide 19: FY2023 Forecast: Ordinary Profit Analysis

    【New Segments】FY2023 Forecast: Ordinary Profit Analysis vs. FY2022 19  Decrease in city gas gross margin -¥158.9 bn: Energy Change in volume, etc. -3.3 (incl. change due to temp effect +4.3), solution sliding time lag effect -155.6 (Net sales) -¥262.8 bn: Change in volume, etc. -28.0, sliding time

  20. Slide 20: FY2023 Forecast Gas Sales Volume/Number of Customers

    FY2023 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers vs. FY2022 20 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） FY2022 Forecast Change Results 15,000 VS. FY2022 Results Number of customers -565mil.㎥ (-4.5%) (meters

  21. Slide 21: FY2023 Forecast Electricity Sales Volume/Number of Customers

    FY2023 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers vs. FY2022 21 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Cumulative (1,000s) 35,000 34,445 4,000 VS. FY2022 Results 3,502 3,319 28,789 3,500 -5,656mil. kWh 30,000 3

  22. Slide 22: FY2023 Consolidated Forecast: Factors for Changes from FY2022

    FY2023 Consolidated Forecast (Apr. 1, 2023 – Mar. 31, 2024) vs. FY2022 22 Factors for Changes from FY2022 Ordinary profit (billion yen) 408.8 -24.9 4.6 Decrease in profit Increase in from Overseas business -28.5 profit from 6.7 Network Inproving of business Decrease in profit pension from Electric a

  23. Slide 23: Reference Materials

    03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  24. Slide 24: Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 24 Impact of rising JCC（Japan Crude Cocktail Prices) by $1/bbl (Unit: billion yen) Impact on earnings 1Q 2Q 3Q 4Q Full year 1Q -0.2 -0.5 +0.5 +0.4 +0.2 2Q ― -0.2 -0.7 +0.7 ‐0.2 Period 3Q ― ― -0.1 -0.9 -1.0 4Q ― ― ― -0.1 -0.1

  25. Slide 25: Crude oil price・Exchange rate

    Crude oil price・Exchange rate 25 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 120.00 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2022 FY2021 FY2020 Exchange rate (¥/$) 150.0 145.0 140.0 135.0 130.0 125.0 120.0 115.0 110.0 105.0 100.0 FY2022 FY2021 FY2020 Copyright© TOKYO

  26. Slide 26: Key Topics in FY2022: Business & financial topics

    Key Topics in FY2022 (Excerpted from Press Releases) 26 (1) Business & financial topics *1 Press releases issued by Tokyo Gas Engineering Solutions *2 Press releases issued by Tokyo Gas Network Launch of Non-FIT/FIP renewable energy balancing service (Apr.18） Number of electric power contracts reach

  27. Slide 27: Key Topics in FY2022: Nonfinancial ESG topics

    Key Topics in FY2022 (Excerpted from Press Releases) 27 Major related (2) Nonfinancial ESG topics *1 Press releases issued by Tokyo Gas Engineering Solutions *2 Press releases issued by Tokyo Gas Network materiality Signing of Comprehensive Agreement for Carbon-neutral Urban Development in Tsuchiura

  28. Slide 28: Key Topics in FY2022 (Excerpted from Press Releases)

    Key Topics in FY2022 (Excerpted from Press Releases) Tokyo Gas Network, Osaka Gas Network and Toho Gas Network signed a partnership agreement for ensuring safe and stable Climate change 28 Access to energy supply and spreading the use of city gas (Apr.20）*2 Safety & disaster preparedness Tokyo Gas l

  29. Slide 29: Tokyo Gas Group Materialities

    Key Topics in FY2022 (Excerpted from Press Releases) 29 Tokyo Gas Group Materialities The Tokyo Gas Group strives to realize ESG-focused management and broadly contribute to achievement of the SDGs by responding to materialities (key sustainability-related issues) through its business activities. Ma

  30. Slide 30: ESG-related topics: Climate Change

    Key Topics in FY2022 (Excerpted from Press Releases) 30 ESG-related topics: Climate Change One of our aims under the Tokyo Gas Group Management Vision, Compass 2030, is to create value together with our customers, business partners, and society as a whole while becoming a leader in the future energy

  31. Slide 31: ESG-related topics: climate change

    Key Topics in FY2022 (Excerpted from Press Releases) ESG-related topics: climate change 31 Another challenge set forth by the Tokyo Gas Group Management Vision, Compass 2030, is to lead the effort to achieve Net-Zero CO2. This commitment includes working to decarbonize gaseous energy by establishing

  32. Slide 32: Overseas Projects

    Overseas Projects 32 9 1 2 4 5 7 3 6 8 Area No Country Subject Main Business Participation year Eagle Ford Upstream Shale gas 2016 TG Natural Resources Upstream Shale gas 2017 1 TGES America Downstream Energy Service 2015 U.S.A Birdsboro Power Plant Downstream Natural gas power 2017 North America Ak

  33. Slide 33: Changes in Disclosable Segments

    Changes in Disclosable Segments (mapping of key changes) 33 ・In accordance with our approach to accounting management, we changed our classifications for legally disclosable segments in order to better align them with management practices under the holdings-type group structure instituted in FY2022

  34. Slide 34: Cautionary Statement regarding Forward-looking Statements

    < Cautionary Statement regarding Forward‐looking Statements > Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies and beliefs, and other statements herein that are not expressions of historical fact are forward‐looking statements about the future per

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