Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q1 FY2023 Earnings Presentation
22 slides from Chubu Electric Power Company,incorporated's earnings presentation, Jul 28, 2023
Slide 1: Presentation Materials for Three-Months ended June 30, 2023
Presentation Materials for Three-Months ended June 30, 2023 July 28, 2023
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Three-Months ended June 30, 2023 Summary of Financial Results ･･･････････････ 1 Summary of Financial Results by Segments ･･･････････････ 4 Electrical Power Generation ･･･････････････ 8 [Reference] Image of Time Lag (Result) ･･･････････････ 9 Summary of Forec
Slide 3: Outline of Financial Results for Three-Months ended June 30, 2023
Outline of Financial Results for Ⅰ Three-Months ended June 30, 2023 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2023 represents the fiscal year begun on April 1, 2023, and ending on March 31, 2024. 1st Quarter (1Q) represents three months period ended Ju
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 897.6 billion yen Operating revenues increased by 131.6 billion yen compared with 2022/1Q, mainly due to an increase in fuel cost adjustment charge (+119.7 billion yen*). *including subsidiary aid for
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues increased by 131.6 billion yen) （Billion yen） 10,000 1,000.0 An increase in fuel cost Others 9,000 adjustment charge 900.0 12.0 119.7 8,000 800.0 *including subsidiary aid for dra
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income increased by 210.7 billion yen) （Billion yen） 3,000 300.0 Miraiz Power Grid (Excluding 2,500 250.0 time lag) 19.8 -30.9 3.4 JERA Others 2,000 73.4 (Excluding 200.0 time lag) Time lag in
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2023/1Q 2022/1Q Change (A) (B) (A-B) (A-B)/B Miraiz 742.1 597.5 144.6 24.2 Power Grid 200.3 221.6 (21.3) (9.6) Other (*1) 203.9 195.8 8.1 4.1 Adjustment (248.7) (249.0) 0.2 (0.1) Total 897.6 765.9 131.6 17.2 [Ordinary
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 increased by 93.4 billion yen compared with 2022/1Q, mainly due to time lag gain and revision of standard menus for extra high and high voltage, etc. [Reference] Ordinary income e
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 increased by 19.8 billion yen compared with 2022/1Q, mainly due to revision of transmission charges by Revenue cap system and a decrease in supply and demand adjustment costs
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 94.0 billion yen compared with 2022/1Q, mainly due to time lag impact becoming gain instead of loss [Reference] Ordinary income excluding time lag: Approx. 7.0 billion
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Increased by 0.6TWh since the flow rate was higher than 2022/1Q ■ Renewable energy Same as 2022/1Q (TWh,%) Change 2023/1Q 2022/1Q (A) (B) (A-B) (A-B)/B Hydro 3.0 2.4 0.6 26.8 <flow rate> <114.2> <87.4> <26.8> Nu
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) （Billion yen） Loss (47.0) Income 98.0 Elements of income (time lag from fuel procurement) Elements of cost (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 s e r v e d .
Slide 13: Summary of Forecast for FY2023 <1>
Summary of Forecast for FY2023 <1> <Forecast> (Consolidated) Forecast has been revised from the previous announcement made on April 28, 2023. Consolidated operating revenues: 3,650.0 billion yen (forecast) It’s expected to decrease by approx. 50.0 billion yen compared with the previous forecast, mai
Slide 14: Summary of Forecast for FY2023 <2>
Summary of Forecast for FY2023 <2> [Principal Figures] <Electrical Energy Sold> (TWh,%) Current April 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 104.5 104.5 - - Electrical Energy Sold including group companies 112.3 112.3 - - Competitive impacts in sales <approx. 3.0> [Reference] Year-on
Slide 15: [Reference] Image of Time Lag (Forecast)
[Reference] Image of Time Lag (Forecast) ○April 28 <80.0 billion yen> （Billion yen） ○Current <110.0 billion yen> （Billion yen） <FY2023> <FY2023> Income Income 80.0 110.0 Elements of income (time lag from fuel procurement) Elements of income (time lag from fuel procurement) Elements of cost (fuel pro
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 .
Slide 17: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2023/1Q 2022/1Q Change (A) (B) (A-B) (A-B)/B Operating revenues 897.6 765.9 1,31.6 17.2 Share of profit of entities accounted for using equity method 90.6 - 90.6 - Other 3.1 3.9 (0.8) (20.6) Nonoperating revenues 93.7 3.9 89.8 Large Ordinary revenues
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Jun. 30, 2023 Mar. 31, 2023 Change (A) (B) (A-B) Assets 6,610.2 6,455.1 155.1 Liabilities 4,179.6 4,292.8 (113.2) Net assets 2,430.6 2,162.2 268.4 Shareholders’ equity ratio (%) 35.2 31.9 3.3 Outstanding interest-bearing debt 2,969.1 2,925.7 43.4 14 C o
Slide 19: Forecast for FY2023 by Segments
Forecast for FY2023 by Segments [Ordinary Income] (Billion yen, %) FY2023 April 28 Change (Forecast) (A) (B) (A-B) (A-B)/B Miraiz 80.0 75.0 approx. 5.0 6.7 <Ordinary income <70.0> <70.0> <-> <-> excluding time lag> Power Grid 70.0 70.0 - - JERA 150.0 125.0 approx. 25.0 20.0 <Ordinary income <50.0> <
Slide 20: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2022 FY2025 [Medium-term (Forecast) (Result) management plan] ROIC approx. 3.0 2.9 3.0 or more ROA approx. 3.0 2.8 - ROE approx. 7.0 6.3 approx. 7.0 *Figures excluding time lag 16 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
Slide 21: DISCLAIMER
DISCLAIMER The statements of the future of this presentation are based on information available as of the date of this announcement, and actual results may differ by various factors in the future. 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
Slide 22: 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 .
Chubu Electric Power — Q1 FY2023 Earnings Presentation on 6ix