Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Investor Presentation (March 2009)
31 slides from Tokyo Electric Power's investor presentation, Mar 31, 2009
Slide 1: FY2009 Business Management Plan Presentation Materials
FY2009 Business Management Plan Presentation Materials March 31, 2009 Masataka Shimizu President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 2: Regarding Forward-Looking Statements (Performance Projections)
Regarding Forward-Looking Statements (Performance Projections) Certain statements in the following presentation regarding Tokyo Electric Power Company’s business operations may constitute “forward-looking statements.” As such, these statements are not historical facts but rather predictions about th
Slide 3: FY2009 Business Management Plan
FY2009 Business Management Plan The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 4: Structure of the FY2009 Business Management Plan
Structure of the FY2009 Business Management Plan 3 Ⅰ. Three-Point Plan to Rapidly Overcome the Crisis 1. Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations 2. Work to Secure a Stable Supply of Power 3. Reduce thorough Costs to Overcome the Crisis Steadily Ⅱ. Plan to Build a New TEPCO
Slide 5: Overcoming the Crisis Rapidly and Building a New TEPCO Group
Introduction Overcoming the Crisis Rapidly and Building a New TEPCO Group 4 Ⅰ．Overcoming the Crisis Rapidly FY2009 is a critical year for TEPCO because of the highly uncertain operating environment caused by factors such as the speed and scope of the economic downturn. We are expecting the key point
Slide 6: Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations
Ⅰ. Three-Point Plan to Rapidly Overcome the Crisis 1. Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations 5 9 Carefully and Steadily Restore Kashiwazaki-Kariwa Nuclear Power Station Thoroughly Confirm and Evaluate Facility Soundness Confirm and evaluate facility soundness thoroughly
Slide 7: Work to Secure a Stable Supply of Power
Ⅰ. Three-Point Plan to Rapidly Overcome the Crisis 2．Work to Secure a Stable Supply of Power 6 9 We secure supply of electricity to begin operating new power plants and to ensure stable operations of existing power plants. 9 We project that we will have a supply capacity of around 64.2 million kW av
Slide 8: Reduce Costs Thoroughly to Overcome the Crisis Steadily
Ⅰ. Three-Point Plan to Rapidly Overcome the Crisis 3. Reduce thorough Costs to Overcome the Crisis Steadily 7 9 Our aim is not only to avoid the losses of the three consecutive years, but also to secure a sufficient level of profit. 9 We are implementing further cost cutting on the order of ¥50 bill
Slide 9: Win the Trust of Society - Improve Proportion of Zero-Emission Power
Ⅱ. Plan to Build a New TEPCO Group with an Even Stronger Company Structure 1. Win the Trust of Society‐Improve the proportion of zero-emission electric power supply‐ 8 9 We are emphasizing nuclear power to promote the best mix of power generation for respective supply stability, economic efficiency
Slide 10: Win the Trust of Society - Improve Thermal Efficiency
Ⅱ. Plan to Build a New TEPCO Group with an Even Stronger Company Structure 1. Win the Trust of Society‐Improve thermal efficiency‐ 9 9 We incorporated a 1,500º C class combined cycle power generation (MACC) with world- leading thermal efficiency of 59% at Kawasaki Thermal Power Station in June 2007
Slide 11: Efficiency Improvement and Promotion of Electrification on Customer Side
Ⅱ. Plan to Build a New TEPCO Group with an Even Stronger Company Structure 1. Win the Trust of Society ‐Efficiency Improvement and Promotion of Electrification on the Customer User Side‐ 10 9 Contribute to the achievement of a Low-Carbon Society through efficiency improvement and promotion of electr
Slide 12: Compete and Succeed - Promote Marketing Activities
Ⅱ. Plan to Build a New TEPCO Group with an Even Stronger Company Structure 2. Compete and Succeed‐Promote Marketing Activities steadily and effectively‐ 11 9 The entire TEPCO Group promotes marketing activities in pursuit of “environmental friendliness”, “energy-saving” and “load leveling” to create
Slide 13: Foster People and Technologies
Ⅱ. Plan to Build a New TEPCO Group with an Even Stronger Company Structure 3. Foster People and Technologies 12 9 Energize the Workplace and Secure and Cultivate Human Resources Use close communication throughout the entire Group to share awareness that we are overcoming the crisis. Further ener
Slide 14: Numerical Targets
Numerical Targets 13 9 TEPCO has not set numerical targets for the FY2009 business management plan because of the condition of Kashiwazaki-Kariwa Nuclear Power Station, etc. 9 However, TEPCO will continue making maximum efforts to achieve the numerical targets of Management Vision 2010. ◆ Numerical
Slide 15: Expansion of New Electricity Sales Volume
Status of Progress toward Numerical Targets for 2010 Expansion of New Electricity Sales Volume 14 9 Work toward achieving targets by steadily and effectively promoting marketing activities that encourage optimal systems in areas such as environmental friendliness, energy-saving and load leveling. We
Slide 16: CO2 Emission Intensity
Status of Progress toward Numerical Targets for 2010 CO2 Emission Intensity 15 9 We project that FY2008 CO2 emission intensity will be at prior-year levels because Kashiwazakai-Kariwa Nuclear Power Station remained shut down. 9 However, we will make maximum efforts to achieve global environment cont
Slide 17: FY2009 Supply Plan
FY2009 Supply Plan The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 18: Supply Plan: Demand Outlook
【Supply Plan】 Demand Outlook 17 (Billion kWh, Million kW, %) FY2007 FY2008 FY2009 FY2018 Annual growth rate Comparison with previous plan (actual) (estimate)* (projected) (projected) (FY2007-18) (as of FY2017) 4.7 (2.1) -0.3 (0.6) 1.5 (1.8) Current plan Previous plan Lighting Sales volume 97.6 97.3
Slide 19: Supply Capacity Outlook (policy)
【Supply Plan】 Supply Capacity Outlook (policy) 18 【Supply Capacity Outlook】 【Power Generation Outlook】 (Million kW) (Billion kWh) 90 Renewable energy, etc. 0% 400 Renewable energy, etc. 0% Other gas 2% 80 18% 7% 350 Other gas 1% 70 Hydro 19% 19% 0% 1% Hydro 5% 6% 5% 0% 14% 300 0% 1% 60 2% Oil 17% 18
Slide 20: Supply Capacity Outlook
【Supply Plan】 Supply Capacity Outlook 19 Start of commercial operation Location/Name Output/Scale Start of commercial operation (previous plan) Fukushima Daiichi Units 7 and 8 1.38 million kW ea. October 2015, October 2016 October 2014, October 2015 Nuclear March 2017 December 2015 Higashidori Units
Slide 21: Capital Expenditures -1
【Reference】 Capital Expenditures -1 20 (Billion y en) 1,436.5 1,399.2 Others 141.9 1,279.8 146.0 1,131.6 203.8 Approx. 750.0 billion yen 1,006.4 187.7 905.9 932.2 (average for FY2009-11) 706.0 706.2 175.7 163.0 223.2 Supply 672.3 645.2 576.1 568.8 588.8 Facilities 592.2 505.0 496.3 483.8 314.2 177.9
Slide 22: Capital Expenditures
【Reference】 21 Capital Expenditures - 2 (Billion yen) FY2007 FY2008 FY2009 FY2010 (actual) (estimate) (previous plan) (planned) (planned) Hydroelectric 9.4 11.9 ( 12.7) 12.0 23.6 Thermal 58.0 66.6 ( 82.1) 51.5 89.3 Nuclear Capital Expenditures 64.1 132.8 ( 77.8) 184.5 203.6 Power sources subtotal 13
Slide 23: The Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives
【Reference】 The Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives - Progress & Key Changes since the Financial Result Announcement on Jan.30, 2009 - The Tokyo Electric Power Company, Inc. All Rights Reserved ©2009
Slide 24: Restoration and Earthquake-Resistance Initiatives at Kashiwazaki-Kariwa
Construct Safe, Secure, Disaster-Resistant Nuclear Power Stations 23 Restoration Initiatives at Kashiwazaki-Kariwa Nuclear Power Station Earthquake-Resistance and Safety Improvement Initiatives Earthquake- Geological survey and Facility inspection response analysis assessment Reflects knowledge gain
Slide 25: Overview of Status of Initiatives
Overview of Status of Initiatives 24 Item Unit 1 Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7 Submission of inspection and evaluation Facility Soundness Evaluation Submitted Submitted Submitted Submitted Submitted Submitted Submitted Build- plan (Jul. 18, 2008) (Sep. 18, 2008) (Jul. 18, 2008) (Sep. 18,
Slide 26: Flow and Progress of Inspection and Analysis at Unit
Flow and Progress of Inspection and Analysis at Unit 7 25 《Evaluation of Facility Soundness after to the Chuetsu-Oki Earthquake》 《Evaluation of Earthquake Resistance and Safety》 Evaluation of Building and Structure Evaluation of Equipment and Evaluation of Earthquake Resistance and Safety against Gr
Slide 27: Government Evaluation for Unit
Government Evaluation for Unit 7 26 《Evaluation of Facility Soundness after the Chuetsu-Oki Earthquake》 《Evaluation of Earthquake Resistance and Safety》 Evaluation of Equipment and Piping System Evaluation of Building Soundness Determination of Confirmation of the and Structure Ground Movement earth
Slide 28: Initiatives to Date
Initiatives to date 27 ◆ Initiatives at Unit 7 【Facilities Soundness Evaluation】 －TEPCO completed system-level inspection and evaluation on February 4, 2009, and submitted the report to Nuclear and Industry Safety Agency(NISA) on February 12, 2009. －TEPCO prepared a plan of checks after the reactor
Slide 29: Confirmation of Overall Plant Soundness
28 Plant stable z Confirmation and testing of system Final Evaluation Turbine rotation speed soundness, including the emergency core cooling system Generator output Reactor pressure z Final evaluation of testing of overall Evaluation plant function Control rod operation completed 100% Output 100% z
Slide 30: Reinforcement Work
【Earthquake-Resistance and Safety Improvement Initiatives】 Reinforcement Work 29 ◆ TEPCO is conducting work as needed to reinforce the earthquake resistance of key facilities. ◆ Current schedule of work planned and in progress Note: Excludes preparatory work 2008 2009 Jun. Jul. Aug. Sep. Oct. Nov. D
Slide 31: Governmental Inspection and Investigation System
【Reference】 Governmental Inspection and Investigation System 30 METI Cabinet Office and Nuclear and Industrial Nuclear and Industrial Nuclear Safety Safety Agency (NISA) Double check Commission Safety Division Report Subcommittee on Nuclear Facility Investigative Taskforce Nuclear Disaster Preventio
Tokyo Electric Power Company Holdings — Investor Presentation (March 2009) on 6ix