Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — FY2006 Earnings Presentation
19 slides from Tokyo Electric Power's earnings presentation, Apr 27, 2007
Slide 1: FY 2006 Financial Results Presentation Materials
FY 2006 Financial Results (April 1, 2006 – March 31, 2007) Presentation Materials April 27, 2007 Katsutoshi Chikudate Executive Vice President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007
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: Table of Contents
Table of Contents 2 FY 2006 Results Summary (Consolidated and Non-consolidated) 3 Comparison of Performance Projections and Actual Performance 4 Statement of Income (Consolidated) 5 Revenues Breakdown (Non-consolidated) 6 Expenses Breakdown (Non-consolidated) 7 Year-on-Year Comparison of Ordinary Ex
Slide 4: FY 2006 Results Summary (Consolidated and Non-consolidated)
FY 2006 Results Summary (Consolidated and Non-consolidated) 3 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B)(%) Electricity sales volume (Billion kWh) 287.6 288.7 -1.0 99.6 5,283.0 5,255.4 27.5
Slide 5: Comparison of Performance Projections and Actual Performance
Comparison of Performance Projections and Actual Performance 4 Comparison of Performance Projections and Actual Performance (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income Net income 5,283.0 5
Slide 6: Statement of Income (Consolidated)
Statement of Income (Consolidated) 5 Statement of Income (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Operating revenues 5,283.0 5,255.4 27.5 100.5 Operating expenses 4,732.1 4,679.2 52.9 101.1 Operating income 550.9 576.2 -25.3 95.6 Non-operating revenues 67.0 52.5 14.4
Slide 7: Revenues Breakdown (Non-consolidated)
Revenues Breakdown (Non-consolidated) 6 Revenues Breakdown (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Ordinary revenues 5,057.9 4,978.7 79.1 101.6 Operating revenues 5,015.0 4,941.0 73.9 101.5 Electric power operating revenues 4,952.3 4,897.2 55.0 101.1 Electricity sale
Slide 8: Expenses Breakdown (Non-consolidated)
Expenses Breakdown (Non-consolidated) 7 Expenses Breakdown (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Ordinary expenses 4,685.8 4,581.5 104.3 102.3 Operating expenses 4,519.1 4,404.3 114.7 102.6 Electric power operating expenses 4,426.2 4,325.0 101.2 102.3 Personnel 458
Slide 9: Year-on-Year Comparison of Ordinary Expenses – 1 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 1 (Non-consolidated) 8 Personnel expenses (¥401.0 billion to ¥458.9 billion) +¥57.9 billion Retirement benefits +¥55.1 billion Increase in amortization of actuarial difference (-¥59.0 billion to -¥48.5 billion) +¥10.5 billion Reviews of retirement allow
Slide 10: Year-on-Year Comparison of Ordinary Expenses – 2 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 2 (Non-consolidated) 9 Maintenance expenses (¥469.3 billion to ¥459.0 billion) -¥10.3 billion Generation related (¥246.9 billion to ¥223.4 billion) -¥23.5 billion Hydroelectric power (¥13.3 billion to ¥15.3 billion) +¥1.9 billion Thermal power (¥90.4 bi
Slide 11: Year-on-Year Comparison of Ordinary Expenses – 3 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 3 (Non-consolidated) 10 Purchased power (¥629.3 billion to ¥650.6 billion) +¥21.3 billion Inter-company power purchases (¥216.4 billion to ¥225.1 billion) +¥8.6 billion Purchases of power from other companies (¥412.8 billion to ¥425.4 billion) +¥12.6 bi
Slide 12: Balance Sheets (Consolidated and Non-consolidated)
Balance Sheets (Consolidated and Non-consolidated) 11 Balance Sheets (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Comparison March 31, 2007(A) March 31, 2006(B) (A)-(B) (A)/(B) (%) 13,521.3 13,594.1 -72.7 99.5 Adjustment* +¥355.4 billion Tot
Slide 13: Free Cash Flow and its Application (Consolidated and Non-consolidated)
Free Cash Flow and its Application (Consolidated and Non-consolidated) 12 Free Cash Flow (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Net cash provided by 1,073.6 935.6 138.0 114.8 operati
Slide 14: Segment Information
Segment Information 13 Segment Information (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Major subsidiaries in each segment (Unit: Billion yen) Operating revenues Operating income Operating revenues 5,283.0 5,255.4 27.5 100.5 Increase or Increase or 4,952.3 4,897.3 55.0 10
Slide 15: Gas Business Company
Gas Business Company 14 Gas Business Company (Unit: Billion yen) Comparison FY 2006(A) FY 2005(B) (A)-(B) (A)/(B) (%) Operating revenues 31.5 15.4 16.0 204.5 Operating income 3.8 1.1 2.7 337.7 Gas sales volume approx. 610,000 tons approx. 350,000 tons Performance, Etc. Due to factors such as cost re
Slide 16: Performance Outlook for FY 2007
Performance Outlook for FY 2007 15 Performance Outlook (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income Net income 5,400.0 530.0 400.0 310.0 FY 2007 projection 5,120.0 490.0 350.0 285.0 5,283.0
Slide 17: Reference: Business Management Plan Targets and Performance
Reference: Business Management Plan Targets and Performance 16 (Fiscal year) FY 2006 Business FY 2007 Business 2002 2003 2004 2005 2006 Management Plan Management Plan FY 2006-2008 Targets FY 2007-2009 Targets Profit and Free Cash Flow (FCF) Targets ROA 3.6 3.5 4.1 4.2 4.1 At least 4% At least 4% (%
Slide 18: Reference: Key Factors Affecting Performance and Financial Impact
Reference: Key Factors Affecting Performance and Financial Impact 17 Key Factors Affecting Performance FY 2007 FY 2006 Projection Foreign exchange rate (Interbank; yen per dollar) 116.98 120 Crude oil prices (All Japan CIF; dollars per barrel) 63.46 60 Nuclear power plant capacity utilization ratio
Slide 19: Reference: Electricity Sales Volume
Reference: Electricity Sales Volume 18 Average Monthly Temperature (Unit: ) Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. FY 2006 13.0 18.3 21.9 24.9 27.0 23.0 18.8 13.3 8.4 6.5 7.7 9.9 Compared with last year -1.3 1.2 -0.7 0.0 -0.3 -1.1 0.3 1.3 3.2 2.4 1.8 0.9 Compared with average yea
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