Tokyo Electric Power Company Holdings, Incorporated · TSE:9501

Tokyo Electric Power — FY2007 interim Earnings Presentation

26 slides from Tokyo Electric Power's earnings presentation, Oct 31, 2007

  1. Slide 1: FY2007 Interim Financial Results Presentation Materials

    FY2007 Interim Financial Results (April 1, 2007 – September 30, 2007) Presentation Materials October 31, 2007 Tsunehisa Katsumata President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007

  2. 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

  3. Slide 3: Overview of FY2007 Interim Financial Results

    Overview of FY2007 Interim Financial Results The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007

  4. Slide 4: FY2007 Interim Results Summary (Consolidated and Non-consolidated)

    FY2007 Interim Results Summary (Consolidated and Non-consolidated) 1 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) 1st half 1st half Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B)(%) Electricity Sales Volume (Billion kWh) 148.0 144.6 3.3 10

  5. Slide 5: Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station

    Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station 2 FY2007 interim FY2007 projection FY2007 projection (Unit: Billion yen) actual performance (as of Oct. 31) (as of Jul. 31) Total 281.5 603.5 282.0 Fuel expenses, etc. 120.0 440.0 320.0 1 Increase in fuel expenses and purchased power

  6. Slide 6: Key Factors Affecting Performance and Financial Impact

    Key Factors Affecting Performance and Financial Impact 3 Key Factors Affecting Performance FY2007 FY2007 projection FY2006 actual 1st half current (as of Jul. 31) 1st half FY2006 Electricity sales volume (billion kWh) 148.0 296.7 (294.3) 144.6 287.6 Crude oil prices (All Japan CIF; dollars per barre

  7. Slide 7: Performance Outlook for FY2007

    Performance Outlook for FY2007 4 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income Net income/loss FY2007 projection 5,470.0 200.0 80.0 -95.0 (as of Oct. 31) 5,220.0 160.0 30.0 -120.0 FY2007 pro

  8. Slide 8: FY2007 Interim Financial Results (Detailed Information)

    FY2007 Interim Financial Results (Detailed Information) The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007

  9. Slide 9: FY2007 Interim Results (Comparison with previous projection)

    FY2007 Interim Results (Comparison with previous projection) 6 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income Net interim income FY2007 interim 2,677.1 268.2 213.9 21.2 actual performance 2,5

  10. Slide 10: Statement of Income (Consolidated)

    Statement of Income (Consolidated) 7 (Unit: Billion yen) 1st half 1st half Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Operating revenues 2,677.1 2,603.8 73.2 102.8 Operating expenses 2,408.8 2,262.8 146.0 106.5 Great Energy Alliance Corporation Operating income 268.2 341.0 -72.7 78.7 -\ 9.7

  11. Slide 11: Revenues Breakdown (Non-consolidated)

    Revenues Breakdown (Non-consolidated) 8 (Unit: Billion yen) 1st half 1st half Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary revenues 2,565.6 2,495.8 69.8 102.8 Operating revenues 2,549.1 2,481.6 67.4 102.7 Electric power operating revenues 2,525.9 2,451.2 74.7 103.0 Electricity sales

  12. Slide 12: Expenses Breakdown (Non-consolidated)

    Expenses Breakdown (Non-consolidated) 9 (Unit: Billion yen) 1st half 1st half Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary expenses 2,379.6 2,249.4 130.1 105.8 Operating expenses 2,300.9 2,168.2 132.6 106.1 Electric power operating expenses 2,279.9 2,120.3 159.5 107.5 Personnel 108.7

  13. Slide 13: Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated) 10 Personnel expenses (¥210.2 billion to ¥108.7 billion) -¥101.4 billion Retirement benefits* -¥103.3 billion Decrease in amortization of actuarial difference (-¥21.6 billion to -¥22.2 billion) -¥0.5 billion *The total amount of

  14. Slide 14: Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated) 11 Maintenance expenses (¥225.5 billion to ¥212.5 billion) -¥12.9 billion Generation related (¥114.8 billion to ¥96.8 billion) -¥18.0 billion Hydroelectric power (¥6.7 billion to ¥5.6 billion) -¥1.0 billion Thermal power (¥47.3

  15. Slide 15: Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated)

    Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated) 12 Purchased power (¥331 billion to ¥363.2 billion) +¥32.1 billion Inter-company power purchases (¥117.4 billion to ¥135.6 billion) +¥18.1 billion Purchases of power from other companies (¥213.5 billion to ¥227.5 billion) +¥13.9

  16. Slide 16: Balance Sheets (Consolidated and Non-consolidated)

    Balance Sheets (Consolidated and Non-consolidated) 13 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Oct. 31, Mar. 31, Comparison 2007 (A) 2007 (B) (A)-(B) (A)/(B) (%) 13,549.5 13,521.3 28.1 100.2 Adjustment* ¥212.1 billion Total assets 12,937

  17. Slide 17: Free Cash Flow and its Application (Consolidated and Non-consolidated)

    Free Cash Flow and its Application (Consolidated and Non-consolidated) 14 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) 1st half 1st half Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Net cash provided by operating 349.7 511.1 -161.3 6

  18. Slide 18: Segment Information

    Segment Information 15 (Unit: Billion yen) 1st half 1st half Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (% ) Operating revenues 2,677.1 2,603.8 73.2 102.8 Major subsidiaries in each segment (Unit: Billion yen) 2,525.9 2,451.2 74.7 103.0 Operating revenues Operating income Electric Power Increa

  19. Slide 19: Total Power Generated and Purchased and Electricity Sales Volume

    Total Power Generated and Purchased and Electricity Sales Volume 16 Total Power Generated and Purchased (Units: Billion kWh, % ) Average Monthly Temperature (Unit: ) 1st 2nd 1st half Jul. Aug. Sep. Quarter Quarter FY2007 74.19 86.53 160.72 FY2007 23.8 28.3 24.6 Total power generated and purchased (2

  20. Slide 20: Impact of the Niigataken Chuetsu-oki Earthquake and Schedule for Next Steps

    Impact of the Niigataken Chuetsu-oki Earthquake and Schedule for Next Steps The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007

  21. Slide 21: Present Status and Next Steps

    Present Status and Next Steps 189 Inspection and Restoration ‹ Inspect and restore facilities and confirm soundness Execute detailed inspections including checking of operations to confirm soundness of facilities Conduct reactor in-core inspections after confirming that inspection equipment has been

  22. Slide 22: Schedule for Inspection of the Nuclear Reactor

    Inspection and Restoration 19 11 Schedule for Inspection of the Nuclear Reactor (Released on September 6) 2007 2008 Unit No. August September October November December January February Phase 1 Phase 2 Phase 3 Phase 1: Inspection of upper part Preparation Preparation Preparation of the nuclear reacto

  23. Slide 23: Reactor In-core Inspections

    Inspection and Restoration Reactor In-core Inspections 20 ‹ Implementation of inspections on all 7 units to determine if damage or significant change of shape is present or absent by visual check or underwater camera steam dryer <Ex. Unit 1 Reactor In-core Inspection > steam-water separator upper gr

  24. Slide 24: Schedule for Evaluating Earthquake Resistance and Safety

    Evaluating Earthquake Resistance and Safety Schedule for Evaluating Earthquake Resistance and Safety 21 ‹ Revised Schedule for Evaluating Earthquake Resistance and Safety and submitted it to METI on August 20 9 Expand the scope of the investigation and conduct an additional geological survey. 9 Cond

  25. Slide 25: Overview of Geological Surveys in the Kashiwazaki-Kariwa Area

    Evaluating Earthquake Resistance and Safety Overview of Geological Surveys in the Kashiwazaki-Kariwa Area 22 ‹ Survey in the sea. Enlarged below right • Seismic sonic prospecting covering additional area including where Approx. 140 km in a direction aftershock occurred. parallel to the shoreline Und

  26. Slide 26: (Reference) Supply and Demand during Summer 2007 and Future Supply Capacity Countermeasures

    (Reference) Supply and Demand during Summer 2007 and Future Supply Capacity Countermeasures 23 (MW) ‹ Peak demand during summer 2007 (August 22 64,000 Shiobara power plant 900 Peak demand 61,470 MW (37.0° C – Tokyo) 63,000 Immediate adjustment contracts Primary emergency countermeasure 1,500 62,000

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