Shizuoka Gas Co. Ltd. · TSE:9543
Shizuoka Gas — FY2014 Earnings Presentation
15 slides from Shizuoka Gas's earnings presentation, Feb 13, 2015
Slide 1: Financial Results 2014 (January-December)
Financial Results 2014 (January-December) February 13 th , 2015 SECURITIES CODE : 9 5 4 3
Slide 2: Contents
Contents Ⅰ. Summary Financial Results …03 Ⅱ. Mid-Term Strategy …07 Ⅲ. Supplementary Information …11 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 a
Slide 3: Summary Financial Results
Ⅰ. Summary Financial Results
Slide 4: Volume of Gas Sold (Non-Consolidated)
Volume of Gas Sold (Non-Consolidated) 〜 Year-on-year comparison 〜 99.8% 1,369 [△2] 1,366 Unit; Million m3(45MJ/m3) * Figures in [ ] are million m3 ・Commencement of gas sales volume along Shizuhama Trunkline [＋7] 562 100.9% 567 Wholesale ・Decrease in sales volume to [+5] other gas distributors [△2] ・
Slide 5: Sales & Operating Profit: Year-on-year comparison
Sales & Operating Profit 〜 Year-on-year comparison 〜 Sales Operating Profit・Sliding Time Lag Unit; ¥ Billion Unit; ¥ Billion Revised operating profit with sliding time lag adjustment 9.3 7.3 +3.2 +1.6 166.5 153.4 Operating profit 6.0 5.7 2013 2014 2013 2014 5
Slide 6: Breakdown of Consolidated Operating Profit
Breakdown of Consolidated Operating Profit 〜 Year-on-year comparison 〜 Unit; ¥ Billion *[ ] denotes year-on-year change Sales 166.5 [+13.1] *Transactions between the consolidated companies are offset Gross Profit City Gas 144.6 [+12.0] 32.5 [+1.8] 28.1 [+1.6] LPG 12.6 [+0.7] City Gas Sales 144.6 [+1
Slide 7: Mid-Term Strategy
— IL. Mid-Term Strategy
Slide 8: Target Sale of Gas in Volume (Non-consolidated)
Target Sale of Gas in Volume (Non-consolidated) Unit; Million m3 1,586 1,590 Total sales Average 1,431 increase 1,366 volume +5.2% 674 751 621 Average 567 Wholesale increase +5.9% Average Large-lot increase 743 sale 637 644 665 +5.3% Average Small-lot increase 163 166 170 174 sale +2.2% 2014 2015 20
Slide 9: Forecast Sales & Operating Profit
Forecast Sales & Operating Profit Sales Operating Profit・Sliding Time Lag Unit; ¥ Billion Unit; ¥ Billion Revised operating 9.9 profit with sliding time lag adjustment 8.6 7.3 △4.0 7.5 +1.6 +2.1 5.9 180.3 8.6 166.5 167.6 Operating profit 151.9 5.7 5.4 2014 2015 2016 2017 2014 2015 2016 2017 2014 201
Slide 10: Assumption of Consolidated Operating Profit
Assumption of Consolidated Operating Profit 〜 Year-on-year comparison 〜 Unit; ¥ Billion Sales 151.9 [△14.6] *[ ] denotes year-on-year change *Transactions between the consolidated companies are offset City Gas 132.0 [△12.6] Gross Profit 38.0 [+5.5] City Gas 33.9 [+5.7] LPG 10.8 [△1.7] Sales 132.0 [△
Slide 11: Supplementary Information
Ⅲ. Supplementary Information
Slide 12: Forecast Gas Sale (Non-Consolidated)
Forecast Gas Sale (Non-Consolidated) Unit; Million m3 2014 2015 2016 2017 Volume of sale 1,366 1,431 1,586 1,590 O w n s a l e 799 810 835 916 Residential 89 88 88 89 Commercial 66 69 71 72 I n d u s t r i a l 645 653 676 755 W h o l e s a l e 567 621 751 674 〈Large-lot sale （A part of “Own sale”）〉
Slide 13: Statement of Income
Statement of Income Unit; ¥ Billion 2014 2015 2016 2017 T o t a l S a l e s 166.5 151.9 167.6 180.3 Cost of sales 134.0 113.9 133.9 142.9 G r o s s p r o f i t 32.5 38.0 33.7 37.3 Sales and administration e x p e n s e s 26.8 28.0 28.2 28.7 M a n p o w e r 10.0 10.2 10.4 10.6 Other expenses 9.1 10.1
Slide 14: Balance Sheet
Balance Sheet Unit; ¥ Billion 2014 2015 2016 2017 A s s e t s 117.9 116.4 114.1 111.1 Current assets 31.4 29.7 30.5 31.4 Fixed assets 86.4 86.7 83.5 79.6 Tangible /Intangible f ixed assets 65.8 65.9 63.6 60.5 Investments and other assets 20.6 20.7 19.9 19.1 L i a b i l i t i e s 50.6 45.3 41.1 33.9
Slide 15: Statement of Cash Flows & Capital Expenditure
Statement of Cash Flows & Capital Expenditure Unit; ¥ Billion 2014 2015 2016 2017 Operating cash flow 13.0 20.9 11.4 16.7 Investing cash flow △ 9.8 △ 10.0 △ 7.4 △ 5.7 Financing cash flow △ 3.2 △ 10.8 △ 4.1 △10.7 Net increase in cash and cash equivalents △ 0.0 +0.0 △ 0.1 + 0.2 Capital expenditure 8.0