Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Q3 FY2007 Earnings Presentation
30 slides from Tokyo Electric Power's earnings presentation, Jan 30, 2008
Slide 1: FY2007 3rd Quarter Financial Results Presentation Materials
FY2007 3rd Quarter Financial Results (April 1, 2007 – December 31, 2007) Presentation Materials January 30, 2008 Masataka Shimizu Executive Vice President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
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: Overview of FY2007 3rd Quarter Financial Results
Overview of FY2007 3rd Quarter Financial Results The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
Slide 4: FY2007 3rd Quarter Results Summary (Consolidated and Non-consolidated)
FY2007 3rd Quarter Results Summary (Consolidated and Non-consolidated) 1 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) 3rd quarter 3rd quarter Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B)(%) Electricity sales volume (Billion kWh) 218.8 21
Slide 5: Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station
Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station 2 (Unit: Billion yen) FY2007 3rd quarter FY2007 projection FY2007 projection actual performance (as of Jan. 30) (as of Oct. 31) Total 433.0 603.5 603.5 Fuel expenses, etc. 270.0 440.0 440.0 Increase in fuel expenses and purchased pow
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 3rd quarter (as of Jan. 30) (as of Oct. 31) 3rd quarter FY2006 Electricity sales volume (billion kWh) 218.8 296.9 (296.7) 213.7 287.6 Crude oil prices (All Japan CIF; dol
Slide 7: Performance Outlook for FY2007 (Comparison with previous projection)
Performance Outlook for FY2007 (Comparison with previous projection) 4 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income or loss Net income or loss FY2007 projection 5,470.0 85.0 -30.0 -155.0 (a
Slide 8: FY2007 3rd Quarter Financial Results (Detailed Information)
FY2007 3rd Quarter Financial Results (Detailed Information) The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
Slide 9: Statement of Income (Consolidated)
Statement of Income (Consolidated) 6 (Unit: Billion yen) 3rd quarter 3rd quarter Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) 51 affiliated companies accounted for under the equity method of Eurus Energy Operating revenues 3,971.8 3,879.9 91.9 102.4 Holdings Corporation Operating expenses 3,7
Slide 10: Revenues Breakdown (Non-consolidated)
Revenues Breakdown (Non-consolidated) 7 (Unit: Billion yen) 3rd quarter 3rd quarter Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary revenues 3,815.5 3,716.9 98.5 102.7 Operating revenues 3,791.2 3,685.0 106.1 102.9 Electric power operating revenues 3,755.0 3,636.2 118.7 103.3 Electricit
Slide 11: Expenses Breakdown (Non-consolidated)
Expenses Breakdown (Non-consolidated) 8 (Unit: Billion yen) 3rd quarter 3rd quarter Comparison FY2007(A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary expenses 3,707.4 3,354.8 352.5 110.5 Operating expenses 3,592.9 3,235.8 357.0 111.0 Electric power operating expenses 3,559.6 3,157.6 402.0 112.7 Personnel
Slide 12: Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated)
Period-on-Period Comparison of Ordinary Expenses – 1 (Non-consolidated) 9 Personnel expenses (¥311.9 billion to ¥207.1 billion) -¥104.7 billion Retirement benefits* -¥106.7 billion Decrease in amortization of actuarial difference** (-¥32.5 billion to -¥31.9 billion) +¥0.5 billion *The total amount o
Slide 13: Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated)
Period-on-Period Comparison of Ordinary Expenses – 2 (Non-consolidated) 10 Maintenance expenses (¥323.1 billion to ¥320.6 billion) -¥2.4 billion Generation related (¥152.2 billion to ¥148.8 billion) -¥3.4 billion Hydroelectric power (¥11.2 billion to ¥8.9 billion) -¥2.3 billion Thermal power (¥63.4
Slide 14: Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated)
Period-on-Period Comparison of Ordinary Expenses – 3 (Non-consolidated) 11 Purchased power (¥494.2 billion to ¥547.0 billion) +¥52.8 billion Inter-company power purchases (¥169.6 billion to ¥198.8 billion) +¥29.2 billion Purchases of power from other companies (¥324.5 billion to ¥348.1 billion) +¥23
Slide 15: Balance Sheets (Consolidated and Non-consolidated)
Balance Sheets (Consolidated and Non-consolidated) 12 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Dec. 31, Mar. 31, Comparison Bond issues in FY2007 2007 (A) 2007 (B) (A)-(B) (A)/(B) (%) Issue date Issue amount Period Coupon rate 13,627.3 1
Slide 16: Total Power Generated and Purchased and Electricity Sales Volume
Total Power Generated and Purchased and Electricity Sales Volume 13 Total Power Generated and Purchased (Units: Billion kWh, % ) Average Monthly Temperature (Unit: ) 1st half Oct. -Dec. 3rd quarter Oct. Nov. Dec. FY2007 FY2007 FY2007 160.72 78.14 238.86 FY2007 18.2 12.3 7.9 Total power generated and
Slide 17: Ref. Supply Capacity Countermeasures
Ref. Supply Capacity Countermeasures 14 Additional supply from thermal power plants for supply stability Currently, we expect to be able to secure an additional 2,500 MW of supply capacity for the summer. We are also studying moving forward the start of trial operations for Kawasaki Unit 1-1 (500 MW
Slide 18: Ref. Fuel Consumption and Procurement
Ref. Fuel Consumption and Procurement 15 Fuel Procurement Outlook for FY2007 FY2006 Actual FY2007 projection FY2007 projection FY2007 Actual Difference (Full year) (as of Apr. 27) (A) (as of Jan. 30) (B) (Apr. -Dec.) (B) - (A) LNG (thousand ton) 16,800 17,500 19,600 14,670 2,100 Oil (thousand kl) 4,
Slide 19: Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives
Present Status of Kashiwazaki-Kariwa Nuclear Power Station and Future Initiatives The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
Slide 20: The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
The Tokyo Electric Power Company, Inc. All Rights Reserved ©2008
Slide 21: Restoration Initiatives
Restoration Initiatives 17 Assessment of seismic safety based on revised Soundness evaluations with respect to the Chuetsu-oki Earthquake Regulatory Guide for Reviewing Seismic Design of Nuclear Power Reactor Facilities Facility P18, 21-24 Earthquake- P18,25 Geological survey P20 inspection response
Slide 22: Overview of Inspections to Date
Soundness Evaluation Overview of Inspections to Date 18 Facility inspection -Currently conducting detailed inspections to confirm equipment performance and facility soundness. -Summary of Inspections to Date Equipment in both high and low earthquake-resistance classes in main buildings (reactor and
Slide 23: Inspection and Evaluation Plan for Unit 7
Soundness Evaluation Inspection and Evaluation Plan for Unit 7 19 10 The Nuclear and Industrial Safety Agency (NISA) published a directive on September 11, 2007, requesting the submission of plans for facility inspection, analysis and evaluation. TEPCO submitted an inspection and evaluation plan for
Slide 24: Determination of Ground Movement Standard (Ss)
Assessment of Seismic Safety Determination of Ground Movement Standard (Ss) 20 We will determine a ground movement standard (Ss) based on careful study of any faults in the vicinity revealed by geological surveys (ongoing until March), in addition to our analysis of the Chuetsu-oki Earthquake. After
Slide 25: Ref. Schedule for Main Inspections (1)
Ref. Schedule for Main Inspections (1) 21 Reactor Inspections (as of Jan. 24, 2008) 2007 2008 Unit No. August September October November December January February Phase 1 Phase 2 Phase 3 Phase1: Inspection of upper part of 1 Preparation Completed on Dec. 14 the nuclear reactor Preparation Preparatio
Slide 26: Ref. Schedule for Main Inspections (2)
Ref. Schedule for Main Inspections (2) 22 Turbine Inspections (as of Jan. 24, 2008) 2007 2008 Unit No. Operational status October November December January February March during earthquake Confirmation of interior conditions 1 Regular inspection Detailed inspection schedule currently under considera
Slide 27: Ref. Schedule for Main Inspections (3)
Ref. Schedule for Main Inspections (3) 23 Main Generators Inspections (as of Jan. 24, 2008) Unit No. 2007 2008 (Operational status during earthquake) Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Notes 1 Disassembly (Regular inspection) Inspection and repair 2 1, 2 (In startup) 3 1, 2 (Operating) 4 1, 2 (
Slide 28: Ref. Schedule for Main Inspections (4)
Ref. Schedule for Main Inspections (4) 24 Main Transformers Inspections (as of Jan. 24, 2008) 2007 2008 Unit No. Jun. -Sep. Oct. -Dec. Jan. -Mar. Apr. -Jun. Jun. -Sep. 1 Internal inspection 2 Factory shipment schedule Detailed inspection at factory 3 under consideration 4 5 Return date Installation
Slide 29: Ref. Evaluation and Analysis of Facility Earthquake-response
Ref. Evaluation and Analysis of Facility Earthquake-response 25 Evaluating and analyzing facility soundness through earthquake-response Simulation analysis Simulation Analysis of Reactor Buildings during the Chuetsu-oki Earthquake Reproduce building response using earthquake- response analysis to de
Slide 30: Ref. Governmental Inspection and Investigation System
Ref. Governmental Inspection and Investigation System 26 METI Cabinet Office Nuclear and Industrial Nuclear Safety Safety Agency (NISA) Double check Commission Monitoring and auditing of Report administrative agencies’ regulations Subcommittee on Nuclear Facility Investigative Taskforce Nuclear Disa
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