Chubu Electric Power Company,incorporated · TSE:9502

Chubu Electric Power Company,incorporated — Q1 FY2021 Earnings Presentation

35 slides from Chubu Electric Power Company,incorporated's earnings presentation, July 2021

  1. Slide 1: Presentation Materials for Investors 1st Quarter FY2021

    Presentation Materials for Investors 1st Quarter FY2021 July, 2021

  2. Slide 2: INDEX

    INDEX Ⅰ Outline of Financial Results for Ⅲ Reference Data: Management Information Three-Months ended June 30, 2021 Summary of Financial Results ･････････････01 Consolidated Ordinary Income (Loss) and Net Income (Loss) ･･･････16 Summary of Financial Results by Segments ･････････････04 Fund Raising an

  3. Slide 3: Outline of Financial Results for Three-Months ended June 30, 2021

    Outline of Financial Results for Ⅰ Three-Months ended June 30, 2021 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2021 represents the fiscal year begun on April 1, 2021, and ending on March 31, 2022. 1st Quarter (1Q) represents three months period ended Ju

  4. Slide 4: Summary of Financial Results <1>

    Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 524.9 billion yen Operating revenues decreased by 157.4 billion yen compared with 2020/1Q, mainly due to an application of “Accounting Standards for Revenue Recognition” (-166.4 billion yen). ■ Ordina

  5. Slide 5: Summary of Financial Results <2>

    Summary of Financial Results <2> [Factors contributing to change in consolidated operating revenues] (Operating revenues decreased by 157.4 billion yen) （Billion yen） 8,000 800.0 Becoming a consolidated subsidiary An application of Accounting of ES-CON JAPAN Ltd. +12.5 Increase in electrical energy

  6. Slide 6: Summary of Financial Results <3>

    Summary of Financial Results <3> [Factors contributing to change in consolidated ordinary income] (Ordinary income increased by 0.3 billion yen) ・An increase in profit of JERA GM (*) +9.1 ・An Increase related to the impact of COVID-19 （Billion yen） in 2020/1Q +7.0 600 60.0 ・A decrease in cost of dis

  7. Slide 7: Summary of Financial Results by Segments <1>

    Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2021/1Q 2020/1Q Change (A) (B) (A-B) (A-B)/B Miraiz 409.5 584.5 (174.9) (29.9) Power Grid 173.8 170.3 3.4 2.0 Others (*1) 181.1 162.3 18.7 11.6 Adjustment charge (239.6) (235.0) (4.6) 2.0 Total 524.9 682.3 (157.4) (23

  8. Slide 8: Summary of Financial Results by Segments <2>: Miraiz

    Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income > Ordinary income decreased by 12.2 billion yen compared with 2020/1Q, mainly due to a decrease in competitive impacts in sales and an increase in power procurement costs by increased prices in JE

  9. Slide 9: Summary of 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 decreased by 1.2 billion yen compared with 2020/1Q, increase in adjustment power costs due to higher transaction prices in the supply and demand adjustment market, in spite o

  10. Slide 10: Summary of 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 17.3 billion yen compared with 2020/1Q, mainly due to increase related to the impact of COVID-2019 in 2020/1Q and improvement of JERA GM that runs LNG and coal trading

  11. Slide 11: Electric Energy Output

    Electric Energy Output < Power generation > (Chubu Electric Power) ■ Hydro Increased by 0.2TWh since the flow rate was higher than 2020/1Q. ■ Renewable energy Same as 2020/1Q (TWh,%) Change 2021/1Q 2020/1Q (A) (B) (A-B) (A-B)/B Hydro 2.8 2.6 0.2 6.3 <flow rate> <105.8> <95.4> <10.4> Nuclear - - - -

  12. Slide 12: [Reference] Impact of Accrued Income and Loss (Result)

    [Reference] Impact of Accrued Income and Loss(Result) 2020/1Q 2021/1Q Loss Income (11.0 billion yen) 5.0 billion yen 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

  13. Slide 13: Summary of Forecast for FY2021 <1>

    Summary of Forecast for FY2021 <1> <Forecast> (Consolidated) Forecast of Financial results have been revised from the previous announcement made in April 28, 2021. Consolidated operating revenues: 2,400.0 billion yen (forecast) Consolidated operating revenues are expected to increase by 40.0 billion

  14. Slide 14: Summary of Forecast for FY2021 <2>

    Summary of Forecast for FY2021 <2> 【Principal Figures】 <Electrical Energy Sold> (TWh,%) Current April 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 109.9 109.9 - - Electrical Energy Sold 118.0 118.0 - - including group companies (*) Competitive impacts in sales (approx. -3.5) [Reference] Ye

  15. Slide 15: [Reference] Impact of Accrued Income and Loss (Forecast)

    [Reference] Impact of Accrued Income and Loss (Forecast) ○April 28 (20.0 billion yen） ○Current (40.0 billion yen) ＜FY2021＞ ＜FY2021＞ Loss Loss (20.0 billion yen) (40.0 billion yen) Elements of cost Elements of cost (fuel procurement) (fuel procurement) Elements of income Elements of income (time lag

  16. 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 .

  17. Slide 17: Consolidated Statements of Income

    Consolidated Statements of Income (Billion yen,%) 2021/1Q 2020/1Q Change (A) (B) (A-B) (A-B)/B Operating revenues 524.9 682.3 (157.4) (23.1) Share of profit of entities accounted for using equity 29.3 13.2 16.0 121.4 method Other 2.5 1.8 0.6 34.7 Non-operating revenues 31.8 15.1 16.7 110.6 Ordinary

  18. Slide 18: Consolidated Financial Standing

    Consolidated Financial Standing (Billion yen) Jun. 30, 2021 Mar. 31, 2021 Change <Major factors for change> (A) (B) (A-B) Increase by becoming a consolidated subsidiary of ES-CON Assets 5,919.0 5,686.3 232.7 JAPAN Ltd. ,etc. Liabilities 3,739.9 3,582.6 157.3 Net assets 2,179.0 2,103.6 75.3 FY2021 (F

  19. Slide 19: Financial Indicators etc.

    Financial Indicators etc. (%) Forecast for [Reference] FY2021 FY2020 approx. 2 approx. 3.8 ROA <approx. 3> <approx. 3.4> approx. 4 approx. 7.5 ROE <approx. 6> <approx. 6.3> <Figures excluding effect of time lag> (Billion yen) Forecast for [Reference] 2021/1Q FY2021 FY2020 approx. 240.0 approx. 30.0

  20. Slide 20: Reference Data: Management Information

    Ⅲ Reference Data: Management Information 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 .

  21. Slide 21: Consolidated Ordinary Income (Loss) and Net Income (Loss)

    Consolidated Ordinary Income (Loss) and Net Income (Loss) [Ordinary Income (Loss)] [Net Income (Loss)] (billion yen) (billion yen) 300.0 300.0 255.6 250.0 250.0 200.0 191.8 192.2 200.0 169.7 163.4 147.2 150.0 150.0 128.5 121.4 112.9 110.0 114.6 100.0 100.0 74.3 79.4 75.0 60.2 50.0 50.0 38.7 0.0 0.0

  22. Slide 22: Fund Raising and Outstanding Interest-bearing Debt

    Fund Raising and Outstanding Interest-bearing Debt [Fund raising (Nonconsolidated) ] [Outstanding Interest-bearing debt (Consolidated) ] (billion yen) (billion yen) 900.0 3,400.0 3,260.5 3,260.0 800.0 3,200.0 700.0 2,981.1 3,000.0 2,918.9 600.0 approx. Funding 526.0 Plan 2,800.0 500.0 400.0 2,800.0

  23. Slide 23: Consolidated Cash Flow

    Consolidated Cash Flow （billion yen） 800.0 Cash Flows from Operating Activities Cash Flows from Investing Activities FCF 600.0 562.4 * Capital Investment 476.8 424.1 400.0 384.1 335.0 254.4 296.4 227.6 194.0 255.8 168.3 approx. 200.0 203.7 150.0 79.6 0.0 (25.1) (62.8) (102.9) (200.0) (71.9) (215.8)

  24. Slide 24: Consolidated Financial Ratio, Credit Ratings

    Consolidated Financial Ratio, Credit Ratings (%) [Shareholders’ equity ratio] [Debt-Equity ratio] (Times) 40.0 2.5 35.7 2.3 approx. 2.2 35.0 34.4 34.0 2.1 2.0 31.1 31.3 1.8 29.7 1.6 1.6 30.0 28.9 1.5 1.5 1.5 approx. 26.1 1.2 1.2 24.7 25.0 24.2 1.0 20.0 （FY）0.5 2012 2013 2014 2015 2016 2017 2018 2019

  25. Slide 25: Consolidated ROA and ROE

    Consolidated ROA and ROE （%） [ROA] （%） [ROE] 6.0 16.0 5.3 14.0 5.0 12.0 11.1 4.0 3.8 3.7 10.0 8.9 3.0 2.8 8.0 7.5 2.7 7.0 2.4 approx. 2.0 6.0 2.0 1.9 approx. 4.4 4.5 4.0 4.0 2.7 1.0 2.0 0.0 0.0 (0.0 ) (2.0) (1.0) (0.9) (2.2) (4.0) (2.0) (4.6) (6.0) (3.0) (FY) (8.0) (FY) 2012 2013 2014 2015 2016 2017

  26. Slide 26: Total Shareholders Return

    Total Shareholders Return （%） 180.0 162.3 150.0 132.9 126.2 114.7 114.2 120.0 117.0 90.0 107.2 104.0 96.8 99.8 60.0 Chubu Electric Power 30.0 Comparative index：Dividend included TOPIX 0.0 2016 2017 2018 2019 2020 Total Shareholders Return is a ratio that return earned on equity investments（dividend

  27. Slide 27: Sales Figures of Miraiz Group

    Sales Figures of Miraiz Group 2021/1Q Target The number of entry; Approx. 2.36 million - New electric tariff menu As of June, 2021 Chubu region The number of sales; Acquire 100 thousand customers Approx. 51 thousand Services in a set with electric power or gas As of June, 2021 early from FY 2021 Inc

  28. Slide 28: Monthly Breakdown of Electrical Energy Sold of Miraiz

    Monthly Breakdown of Electrical Energy Sold of Miraiz (TWh) FY2021 Apr. May June Low voltage 2.7 2.3 1.9 High voltage・ Extra-high 6.1 5.8 6.6 voltage Total 8.8 8.1 8.4 (TWh) FY2020 Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total Low voltage 2.9 2.6 2.0 2.4 3.1 3.0 2.3 2.5 2.5 4.2 3.

  29. Slide 29: Structure of Power Generated and Procured (preliminary results)

    Structure of Power Generated and Procured (preliminary results) Usage status of Structure of Power Generated Government’s Long-term Energy non-fossil fuel and Procured Supply-demand Outlook certificate 100% 3% Not specified Nuclear Nuclear 15% JEPX, Other*1 14% Specified in renewable energy 20～ 12%

  30. Slide 30: Overview of Renewable Energy Business

    Overview of Renewable Energy Business At present, the output based on equity ownership of our entire group is approx. 570MW, which is about 29% progress to the goal of developing 2 GW or more by around 2030. (Progress from the end of FY 2017 to June 30, 2021） Facility capacity Main recent developmen

  31. Slide 31: Overview of Overseas Business <1>

    Overview of Overseas Business <1> Developing overseas business, targeting transmission and distribution, renewable ,retail electricity (new service), considering the balance between risk and return Positioning Eneco as a platform in European business to expand growth areas (renewable, retail, new se

  32. Slide 32: Overview of Overseas Business <2>

    Overview of Overseas Business <2> Current main investment projects and consulting projects 【UK】 【Germany】 Transmission Business Submarine Power Transmission Business 【Myanmar】 【Netherlands】 Power Distribution Renewable Energy, Electricity Improvement Project Retail and New Services Business 【Philipp

  33. Slide 33: Current status of the Hamaoka Nuclear Power Station

    Current status of the Hamaoka Nuclear Power Station Responding to the Inspection with New Regulatory Standards by the Nuclear Regulation Authority at the Hamaoka Nuclear Power Plant acting with the resolve never to repeat an accident similar to the Fukushima Daiichi Nuclear Power Station Promoting m

  34. Slide 34: DISCLAIMER

    DISCLAIMER This presentation contains assumptions and forward-looking statements with respect to the financial conditions, and forecasts of the company, which are based on information currently available. These assumptions involve certain risks and uncertainties, and may cause actual results materia

  35. Slide 35: 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 .

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