Shizuoka Gas Co. Ltd. · TSE:9543
Shizuoka Gas — FY2015 Earnings Presentation
24 slides from Shizuoka Gas's earnings presentation, Feb 10, 2016
Slide 1: Financial Results 2015
TSE:9543 Financial Results 2015 (January-December) SHIZUOKA GAS CO.,LTD SECURITIES CODE : 9 5 4 3 February 10 th ,2016
Slide 2: Contents
Contents Ⅰ. Summary Financial Results …3 Ⅱ. Mid-Term Strategy …8 Ⅲ. Supplementary Information …18 Disclaimer Forecasts are based on information available to the management when this was drafted. Actual financial results may significantly differ from these forecasts due to any unforeseen economic and
Slide 3: Summary Financial Results
Ⅰ. Summary Financial Results
Slide 4: FYE December 2015 Financial Highlights
FYE December 2015 Financial Highlights ◎FY Results: Lower sales, higher profits ■ Decrease in sliding unit prices results in lower sales; crude oil price drop results in lower gas cost of sales ■ Gas sales volume up 1% vs. prior year → Wholesale sales up 6% vs. prior year due to opening of Shizuhama
Slide 5: Volume of Gas Sold (Non-Consolidated)
Volume of Gas Sold (Non-Consolidated) 〜 Year-on-year comparison 〜 ◎Change factors: Increase in wholesale due to Shizuhama Trunk Line; large-lot sales lower due to pre-existing demand; small-lot sales lower due to warmer temperatures 101.0％ 1,380 1,366 [+14] Unit; Million m3(45MJ/m3) * Figures in [ ]
Slide 6: Breakdown of Consolidated Operating Profit
Breakdown of Consolidated Operating Profit 〜 Year-on-year comparison 〜 ◎Lower sales, higher profits: Decrease in sliding unit prices results in lower sales; crude oil price drop results in lower gas cost of sales Unit; billion yen *[ ] denotes year-on-year change *Transactions between the consolidat
Slide 7: 2015 Initiatives
2015 Initiatives ◎2015: A year preparing for new businesses Feb Announced Medium-Term Initiatives through 2025 Apr Shizuoka Gas reorganized into divisions Start of Fuji power plant construction (Power) Sales of kaiteki watch monitoring system (Living) New Shizuoka Gas Singapore office Jul Shizuoka G
Slide 8: Mid-Term Strategy
I. Mid-Term Strategy ‘SHIZGAS
Slide 9: Sales & Operating Profit
Sales & Operating Profit 〜 Year-on-year comparison 〜 Sales Operating Profit・Sliding Time Lag Unit; ¥ Billion Unit; ¥ Billion Operating profit 11.5 -5.2 146.0 146.8 155.1 Revised operating profit 123.0 with sliding time lag adjustment 8.4 6.3 6.2 5.9 2015 2016 2017 2018 2015 2016 2017 2018 2015 2016
Slide 10: Leading regional solution company
Visions of Shizuoka Gas Leading regional solution company 〜Transformation from gas distributor to solution provider 〜 Value Creation for Our Town Planning Hydrogen Business Residential Customers Smart Energy Multi-energy Business Network Gas/Power Gas/LNG/Power Renovation Maintenance/Conservation Cu
Slide 11: Major Projects Over the Next Three Years
Major Projects Over the Next Three Years ■ Roll out initiatives to expand residential customers, Living customer living solutions →(P.12) ■ Energy solutions combining gas, electricity, and thermal; Multi- Energy increase share of commercial use; expand sales area →(P.13,14) Supply ■ Maintain/improve
Slide 12: Value Creation for Our Residential Customers
Value Creation for Our Residential Customers Roll out initiatives to expand residential customers, customer living solutions ■ Expand customer base Residential ＳＨＩＺＵＯＫＡ ＧＡＳ Customers ■ Uncover customer needs through “fureai junkai ＥＮＥＲＩＡ (communication cycle),” expand Living services, etc. ■ Combine
Slide 13: Multi-Energy Business: Expand share through solutions
Multi-Energy Business Expand share through solutions ■ Fuel conversion in commercial use sector; develop air conditioning to expand share Multi- ■ Open sales areas; develop new customers through cooperative sales with wholesale energy customers ■ Find new gas cogeneration customers by combining with
Slide 14: Multi-Energy Business: Whole-building showroom
Multi-Energy Business Expand share through solutions Whole-building showroom demonstrating low-carbon society solutions ■ More than 3,500 visitors from throughout Japan in 2 1/2 years since completion ■ Integrated renewable energy and gas cogeneration solutions ■ Given S rank by CASBEE Shizuoka ■ Pe
Slide 15: Terminal Use and Raw Material Price Reduction
Terminal Use and Raw Material Price Reduction Raw ■ Reduce raw materials purchase price; adapt to procurement Materials diversity and fluidity Terminals ■ Maximize potential of Shimizu Port; advance usage of terminals Newly Constructed LNG Tanker Gas Testing ・Result 2014: 1 ship; 2015: 1 ship ・Test
Slide 16: New Energy Utilizing Distributed Energy Generation
New Energy Utilizing Distributed Energy Generation Large-Scale factory Surplus Regional Renewable Power Energy Large- Electricity Cogeneration Scale Usage Model factory SHIZUOKA GAS Surplus Power A（Chemical） Solar Power Biomass Power Wind Power Considering restarting existing equipment B（Chemical） S
Slide 17: Shizuoka Gas Power Business (Residential)
Shizuoka Gas Power Business (Residential) Concept: Reliability + Courtesy + Savings [SHIZGAS Electricity] ・Reliability: Providing gas services in Shizuoka for 106 years ・Courtesy: Work closely with customers through the communications cycle ・Savings: Simple, advantageous rate plans for Group custome
Slide 18: Supplementary Information
Ⅲ. Supplementary Information
Slide 19: Target Sale of Gas in Volume (Non-consolidated)
Target Sale of Gas in Volume (Non-consolidated) Unit; Million m3 1,582 1,490 1,503 Average Total sales 1,380 increase volume +4.6% 697 655 701 600 Average Wholesale increase +5.1% Average Large-lot Increase 710 sale 620 624 678 +4.6% Average Small-lot increase sale 160 164 170 175 +3.0% 2015 2016 20
Slide 20: Assumption of Consolidated Operating Profit
Assumption of Consolidated Operating Profit 〜 Year-on-year comparison 〜 Unit; billion yen *[ ] denotes year-on-year change *Transactions between the consolidated companies are offset Sales 123.0 [-23.0] City Gas 28.8 [-5.3] City Gas 100.3 [-26.3] Gross Profit Sales 100.3 [-26.3] 33.6 [-4.8] Downward
Slide 21: Forecast Gas Sale (Non-Consolidated)
Forecast Gas Sale (Non-Consolidated) Unit; million m3 2015 2016 2017 2018 Gas Sales Volume 1,380 1,490 1,503 1,582 Own Sale 780 788 848 885 Residential 87 87 88 89 Commercial 66 69 72 75 Industrial 628 632 688 721 Wholesale 600 701 655 697 〈Large-lot sale （A part of “Own sale”）〉 Gas Sales Volume 620
Slide 22: Statement of Income
Statement of Income Unit ; billion yen 2015 2016 2017 2018 Net Sales 146.0 123.0 146.8 155.1 Cost of sales 107.5 89.3 112.0 117.2 Gross profit 38.5 33.6 34.7 37.8 Sales and administration expenses 26.9 27.7 28.7 29.2 Manpower 10.1 10.2 10.4 10.6 Other expenses 9.3 10.1 10.8 10.9 Depreciation 7.4 7.3
Slide 23: Balance Sheet
Balance Sheet Unit ; billion yen 2015 2016 2017 2018 Assets 115.4 112.0 111.7 112.5 Current assets 86.0 85.3 84.0 83.0 Fixed assets 63.5 63.2 62.7 62.5 Tangible/Intangible fixed assets 22.5 22.0 21.2 20.5 Investments and other assets 29.4 26.6 27.7 29.5 Liabilities 42.3 34.0 31.2 27.4 Interest-beari
Slide 24: Statement of Cash Flows & Capital Expenditure
Statement of Cash Flows & Capital Expenditure Unit ; billion yen 2015 2016 2017 2018 Operating cash flow 30.8 8.1 14.7 15.5 Investing cash flow -9.2 -9.7 -8.6 -8.8 Financing cash flow -12.0 -2.3 -6.0 -6.6 Net increase in cash and cash equivalents 9.5 -3.9 0.0 -0.0 Capital expenditure 7.9 10.4 9.4 9.