Chubu Electric Power Company,incorporated · TSE:9502

Chubu Electric Power Company,incorporated — FY2014 Earnings Presentation

67 slides from Chubu Electric Power Company,incorporated's earnings presentation, May 2015

1. Slide 1: Investors Meeting for the year ended March 31, 2015

   I Investors t M Meeting ti f th for the year ended d dMMarch h 31 31, 2015 May 2015 May, Note: The Company's fiscal year (FY) is from April 1 to March 31of the following year. FY2014 represents the fiscal year begun in April 1, 2014, and ended in March 31, 2015. © © 2014 2015 Chubu Chubu Electric El

2. Slide 2: Table of Contents

   Table of Contents IO Outline tli off Financial Fi i l Results R lt forf Fiscal Fi l Year Y ended d d March M h 31, 31 2015 Summary of Financial Results <1> 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 1 Summary of Financial Results <2> 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 2 Electricity Sales Volume 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 3 Generated and Received Power 䞉䞉䞉䞉䞉䞉䞉䞉䞉䞉 4 Summa

3. Slide 3: Outline of Financial Results for Fiscal Year ended March 31, 2015

   I Outline of Financial Results for Fiscal Year ended March 31,, 2015 Note: We hereby announces a revision of this "Investors Meeting for the year ended March 31,2015".We 31,2015 .We correct it as follows. (August 26,2015) Corrected parts Slide4 Generated and Received Power Change(A-B)/B correct inco

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

   Summary of Financial Results <1> 㻥1 [Consolidated] - Operating revenues increased for five consecutive years since FY2010. - We recorded an operating income, ordinary income and net income. (The first time in four years after FY2010) [Consolidated] (Billion yen,%) FY2014 FY2013 Change (A) (B) (A-B)

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

   Summary of Financial Results <2> 㻥 2 < Main factors for year-on-year change in Consolidated ordinary income (loss) > -Positive factors - Influence of electricity rates increase +127.0 billion yen j - FY 2014 Fuel cost adjustment charge g +76.4 billion yyen -Negative factors - An increase in fuel pri

6. Slide 6: Electricity Sales Volume

   Electricity Sales Volume 3 <Demand Demand from customers under regulation regulation> -Electric lighting Dropped by 4.0% to 33.9TWh, compared with FY2013, due to a decrease in air conditioning demand by lower temperature in the summer and customer's power saving effect. -Electric p power Dropped pp

7. Slide 7: Generated and Received Power

   Generated and Received Power 4 -Hydro Thanks to higher water flow, hydro power output increased by 0.9 TWh, compared with FY2013.(flow rate for FY2014:104.6%, FY2013:95.7%) -Interchanged, I t h d purchased h dP Power Decreased D db by 11.4 4 TWh, TWh due d to an iincrease in i electricity l i i sale

8. Slide 8: Summary of Forecast for FY 2015

   Summary of Forecast for FY 2015 5 1213 - Consolidated (billion yen) FY 2015 FY 2014 Change (Forecast) (A) (Result) (B) (A-B) Operating revenue 2,860.0 3,103.6 approx. (244.0) Operating income 160.0 107.1 approx. 53.0 Ordinary income 130.0 60.2 approx. 70.0 Profit attributable to owners of parent 90.

9. Slide 9: Consolidated Forecast for FY 2015 (compared to FY 2014)

   Consolidated Forecast for FY 2015 (compared to FY 2014) 㻥 6 < Main factors for year-on-year change in Consolidated ordinary income> - A decrease of fuel price +67.0 +67 0 billion yen -Others + 2.8 billion yen ƂFactors for year-on-year change in Consolidated ordinary incomeƃ (billion yen) 140.0 Other

10. Slide 10: Impact of accrued income (loss) by fuel cost adjustment system in FY2015

    䠄Reference䠅Impact of accrued income (loss) incurred by fuel 7 cost adjustment system in FY2015 䕔 Impact of accrued income (loss) incurred by fuel cost adjustment system in FY2015 Fuel procurement price Average Fuel price (basis of fuel cost adjustment charge) Income 130 billion Loss -50 billion 2014

11. Slide 11: The Policy on Shareholder Return

    The Policy on Shareholder Return 8 - Dividend Forecast -The Company will work to maintain stable dividends after taking account of financial condition and other factors, while continuously investing in building and operating facilities that are essential for a safe and stable bl supply l off electri

12. Slide 12: Management Situation

    Management g Situation © © 2014 2015 Chubu Chubu Electric Electric Power Power Co., Co., Inc. Inc. All All rights rights reserved. reserved.

13. Slide 13: Hamaoka Nuclear Power Station <1>: Roadmap for Safety enhancement measures

    Hamaoka Nuclear Power Station<1>: 9 Roadmap for Safety enhancement measures - The works for safety enhancement measures related to Units 4 and 3 are anticipated to be completed in September 2016 and September 2017, respectively. -With respect to Unit 3, we are now preparing an application for an exa

14. Slide 14: Hamaoka Nuclear Power Station <2>: Review of Compliance with New Regulatory Standards

    Hamaoka Nuclear Power Station <2>: 10 Current Situation about Review of Compliance with New Regulatory Standards 㻙 In February 2014, an application was filed for an examination verifying the compliance of Unit 4 with the New Regulatory Standards, and a total of 37 times examination meetings and 119

15. Slide 15: Development of high efficiency Thermal Power Plants

    Enhancement of competitiveness<1>: 㻝㻡 Development of high efficiency Thermal Power Plants 11 - Outline of development of high efficiency thermal power plants 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (FY) 䕰Mar.-07: construction started 䕰Jul.-12: commercial operation start

16. Slide 16: Sales strategy toward full liberalization of retail power market

    Enhancement of competitiveness<2>䠖 㻢12 gy toward full liberalization of retail power Sales strategy p market - Measures being taken toward the scheduled full liberalization of the retail power market in April 2016 are designed to minimize the risk of a change by our current customers in their power

17. Slide 17: Power generation & Sales outside the Chubu region

    Enhancement of competitiveness<3>䠖 㻢13 Power generation & Sales outside the Chubu region -In an effort to reinforce the future profit base, we have been aggressively developing the electric power sales business and power generation business in regions other than Chubu. Chubu - We will promote sales

18. Slide 18: Establishment of JERA Co., Inc.

    TEPCO and Chubu Electric to form Comprehensive Alliance <1>: 14 Establishment of JERA Co., Inc. - Tokyo Electric Power Company, Incorporated (hereinafter, “TEPCO”) and Chubu Electric established “JERA Co., Inc.” effective from April 30, 2015, as a new company that implements “a comprehensive allianc

19. Slide 19: Scope of Comprehensive Alliance

    TEPCO and Chubu Electric to form Comprehensive Alliance <2>: Scope of Comprehensive Alliance 15 Overseas power 䠘Scope of Comprehensive Alliance䠚 generation Gas wholesaling Energy LNG supply infrastructure Thermal power generation (Existing) Receipt and PCO Fuel Transportation storage 42 GW Upstream

20. Slide 20: Reference Data (1) Financial Result

    R f Reference D Data t (1)Financial (1)Fi i l Result R lt © © 2014 2015 Chubu Chubu Electric Electric Power Power Co., Co., Inc. Inc. All All rights rights reserved. reserved.

21. Slide 21: Non-consolidated Statements of Income <1>

    Non-consolidated Statements of Income <1> 16 (Billion yen, %) FY2014 FY2013 Change [Major factors for Change] (A) (B) (A-B) (A-B)/B - A decrease in Electricity sales volume 䠖-54.9 Electricity sales revenues 2,563.9 2,379.5 184.4 7.8 - An effect of electricity rate increase : +127.0 - FY2014 fuel cos

22. Slide 22: Non-consolidated Statements of Income <2>

    Non-consolidated Statements of Income <2> 17 (Billion yen, yen %) FY2014 FY2013 Change [Major factors for Change] (A) (B) (A-B) (A-B)/B Salaries and 169.1 181.0 (11.8) (6.5) - Salary䠖-11.0 Salary䠖 11 0 employee l benefits b fi Fuel 1,316.4 1,314.1 2.2 0.2 - A decrease in consumption volume : -44.3 -

23. Slide 23: Non-consolidated Statements of Income <3>

    Non-consolidated Statements of Income <3> 18 (Billion yen, %) FY2014 FY2013 Change [Major factors for Change] (A) (B) (A-B) (A-B)/B Electric business 䠖+167.3 Operating income (loss) 90.8 (77.2) 168.0 - Incidental business䠖+ 0.6 Non-operating revenues 14.0 20.3 (6.2) (30.9) Non-operating expenses 62.

24. Slide 24: Consolidated Statements of Income

    Consolidated Statements of Income 19 (Billion yen, yen %) FY2014 FY2013 Changes (A) (B) (A-B) (A-B)/B Revenuees Electricity business 2,799.2 2,560.3 238.8 9.3 Other business 304.3 281.8 22.5 8.0 3,103.6 2,842.1 261.4 9.2 95.8 (70.0) 165.9 - oome (loss) Electricity business Operating Other business 1

25. Slide 25: Segment Information

    Segment Information 20 (Billion yen, yen %) FY2014 FY2013 Changes (A) (B) (A-B) (A-B)/B Electricity business 2 799 2 2,799.2 2 560 3 2,560.3 238 8 238.8 93 9.3 Other business 304.3 281.8 22.5 8.0 Reveenues <Energy business> <107 3> <107.3> <84 9> <84.9> <22 4> <22.4> <26 4> <26.4> <Other business> <

26. Slide 26: Consolidated Financial Standing

    Consolidated Financial Standing 21 -Assets A T l assets decreased Total d d 150 150.22 billi billion yen from f the h end d off FY2013 FY2013, bbecause off a ddecrease iin noncurrent assets due to progress in depreciation, and also a decrease in current assets due to a reduction in short-term invest

27. Slide 27: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows 22 - Cash flows from operating activities activities. Increased 273.1 billion yen from the previous year, mainly due to an increase in electricity sales revenues because of electricity rate increase and fuel cost adjustment charge. - Cash flows from investment c

28. Slide 28: Fund Raising

    Fund Raising 23 - Trend of Fund raising results and Outlook for fund raising in FY 2015 -We raised total approximately 1,500 billion yen in long-term funding for 3 years since the shutdown of Hamaoka Nuclear Power Station. Station -We raised 120 billion yen in long-term funding in FY 2014. -We plan

29. Slide 29: Changes of FX rate and CIF price (FY2014)

    Changes of FX rate and CIF price (FY2014) 24 - Due to an excess supply of crude oil worldwide (attributable mainly to increased supply of U.S. shale oil) the crude oil price (All Japan CIF) for fiscal year 2014 plunged last summer and to date remains oil), low. FX rate Oil䞉LNG Coal Change of FX rate

30. Slide 30: Cash Flow (Non-consolidated)

    Cash Flow (Non-consolidated) 25 (Billion yen) 800.0 Cash Flows from Operating Cash Activities Flows from Operating Activities 608 9 608.9 Cash Flows from Investing Cash Activities Flows from Investing Activities 563.4 600.0 548.6 556.9 523.6 FCF 522.2 424.1 420.1 443.2 402.6 400 0 400.0 426.0 333.8

31. Slide 31: Electric utility operating expenses (Non-consolidated)

    Electric utility operating expenses(Non-consolidated) 26 䕔Electric El t i utility tilit operating ti expenses䠄Non-consolidated䠅 䠄N lid t d䠅 (Billion Yen) 3,000.0 2,709.7 2,638.2 (6%) 2,457.1 (7%) 2,500.0 2 297 3 2,297.3 (7%) Salaries and 2,136.8 (9%) employee 2,037.3 1,982.9 benefits (9%) 2,000.0 (7

32. Slide 32: Financial Ratio, Credit Ratings

    Financial Ratio, Credit Ratings 27 - Shareholders’ equity ratio - Debt - equity ratio 䠄Times䠅 35% 5 Non-Consolidated Non-Consolidated Consolidated Consolidated 30% 26.1 26 1ᲟᲟ 4 (Non-Consolidasted) 25% 20% 23.5Ჟ 3 2.6 Times (Consolidated) ᲢNon-ConsolidatedᲣ 15% 2 2.1 Times 10% ᲢConsolidatedᲣ Ტ Უ 1 5

33. Slide 33: Reference Data (2) Management Information

    Reference Data ((2)) Management g Information © © 2014 2015 Chubu Chubu Electric Electric Power Power Co., Co., Inc. Inc. All All rights rights reserved. reserved.

34. Slide 34: The New Regulatory Standards <1>: Outline

    The New Regulatory Standards<1>: 28 Outline of "the New Regulatory g y Standards" Compared to the former safety standards, the new regulatory standards have been strengthen the standards to prevent a severe accident, and newly added the standards to cope with a severe accident or a terrorist attack.

35. Slide 35: The New Regulatory Standards <2>: Influence of 40-years regulation

    The New Regulatory Standards<2>: 29 Influence of 40-years y regulation g < Article 43, Paragraph 3, Item 32 of the Law for the Regulations of Nuclear Source Material, Nuclear Fuel Material and Reactors> - The h operation i period i d off a power reactor shall h ll be b 40 years from f the h start of

36. Slide 36: Hamaoka <1>: Submission of Applications for Compliance Review

    Hamaoka Nuclear Power Station <1>Ჴ 30 Submission of Applications for Review of Compliance with New Regulatory Standards -On February 14, 2014 , the company has submitted application document for change in reactor establishment permission, an application document for approval of construction plans, a

37. Slide 37: Hamaoka <2>: Earthquake countermeasures

    Hamaoka Nuclear Power Station <2>: 31 =Design basis measures] Earthquake countermeasures - Taking into consideration elements of uncertainty, we have conducted an evaluation of seismic ground motion in relation to inland crustal earthquakes, interplate earthquakes and oceanic intraplate earthquakes,

38. Slide 38: Hamaoka <3>: Tsunami countermeasures

    Hamaoka Nuclear Power Station <3>: 32 [Design basis measures] Tsunami Tsunami-counter counter measures - We have conducted surveys and studies on factors causing huge tsunami, regarding interplate earthquakes, oceanic intraplate earthquakes, earthquakes crustal earthquakes produced by active faults,

39. Slide 39: Hamaoka <4>: Seawater inflow via damaged condenser tubes at Reactor No.5

    Hamaoka Nuclear Power Station <4>: 33 Seawater inflow via damaged tubes in the main condenser for Hamaoka Reactor No.5 Fact - On May 14, 2011, when preparing for cold shutdown after reactor No. 5 was suspended, a portion of the tubes in the main condenser, through which seawater flowed to cool steam

40. Slide 40: Hamaoka <5>: Enhancing anti-disaster measures

    Hamaoka Nuclear Power Station <5>:Enhancing anti-disaster measures 34 -Our anti-disaster measures -In order to prevent abnormal radioactive emissions in the event of an incident at the nuclear power station and to suppress and mitigate the impact in the event of such emissions, we are establishing t

41. Slide 41: Hamaoka <6>: Activities to gain public understanding

    Hamaoka Nuclear Power Station <6>: 35 Activities to g gain public p understanding g - On the Hamaoka Nuclear Power Station, we have been steadily promoting further safety measures including facilities measures and disaster prevention measures together with gaining public understanding as a package.

42. Slide 42: Hamaoka <7>: Location and Regional Area

    Hamaoka Nuclear Power Station <7>: 36 Overview of the Hamaoka Nuclear Power Station Location and Regional Area 䕦 Mt.Fuji Shizuoka 60Hz 50Hz (CEPCO's supply area) (TEPCO's supply area) Suruga Bay Enshu-nada sea Kakegawa Kikugawa Makinohara We have signed safety agreement with i h Shizuoka Shi k prefe

43. Slide 43: Electric Power System Reform <1>: Schedule

    Electric Power System Reform <1> : Schedule of the Electric Power System Reform 37 - Schedule of the Electric Power System Reform schedule for implementing the schedule for enacted/submitting the bill measures 1st phase: Establishing the Organization for Cross-regional Established on April 1, 2015 E

44. Slide 44: Electric Power System Reform <2>: Smart Meter

    Electric Power System Reform <2> : Smart Meter 38 㻝㻡 - The Th iintroduction t d ti schedule h d l off smartt meters t - Installation of smart meters has already been completed for our special high-voltage and high-voltage (500 kW and above) customers. - In the case of other high-voltage (less than 5

45. Slide 45: Electricity Supply & Demand <1>: Result for Winter FY2014

    Electricity Supply & Demand <1>: 39 Result for Winter FY 2014 䕔Electric Power Demand Results for Winter FY 2014 -The continuous efforts of many customers to conserve energy. -Peak Peak load three-day three day average recorded in December (The first time in nine years since FY2005) Peak load (three-

46. Slide 46: Electricity Supply & Demand <2>: Outlook for Summer FY2015

    Electricity Supply & Demand <2>: 40 Outlook for Summer FY 2015 (generating end) On April 16, 2015, we reported the FY 2015 Summer Supply and Demand Outlook to the Tenth Electric Power Supply and Demand Verification Subcommittee. ŠPeak load (three-day average) We estimate the peak load at 24,750MW wi

47. Slide 47: Electricity Supply & Demand <3>: Outlook for Summer in Japan

    Electricity Supply & Demand <3>: Outlook of Electricity Supply and Demand for Summer (August 2015) in Japan 41 29 (GW) West Japan 100 12.1% 14.0% 80 12.0% Hokkaido 10 0% 10.0% 60 7.9% 6.4% 8.0% 4.9% 4.9% 6.0% 40 3.0% 3.0% (1.28) (0.89) 4.0% 20 (0.84) (0.35) (0.67) 2.0% (0.50) 0 0.0% Chubu Kansai Hok

48. Slide 48: Electricity Supply & Demand <4>: Strengthen Mutual Support among power companies

    Electricity Supply & Demand <4>: Strengthen Mutual 䠍 Support among power companies 42 䕔 Reinforcement of the FC (Frequency Converter) (Outline of the master plan interim report regarding strengthening inter-regional inter regional gridconnection, gridconnection etc. etc ) Hokkaido-Honshu - To reinfo

49. Slide 49: Electricity Supply & Demand <5>: Composition of Power Sources and Output

    Electricity Supply & Demand <5>: Composition of Power Sources and Electric Power Output 43 - Composition of Power Sources ᲢGWᲣ 0 5 10 15 20 25 30 35 40 FY2010 12% 13% 41% 15% 19% FY2011 41% 12% 13% 15% 19% FY2012 11% 12% 43% 15% 19% FY2013 11% 13% 45% 12% 19% FY2014 Ƃ37᳁Wƃ 11% 12% 46% 12% 19% N l Nu

50. Slide 50: Electricity Supply & Demand <6>: Trend of Large Industrial Power

    Electricity Supply & Demand <6>: 㻥 44 Trend of Large Industrial Power -Dropped 0.5% , compared with FY2013, due to a decrease of production in the materials t i l industry, i d t in i spite it off increase i off production d ti in i the th machinery hi industry i d t in i the first half of the year.

51. Slide 51: Electricity Supply & Demand <7>: Summary of Electric Power Supply Plan

    Electricity Supply & Demand <7>: 㻠 45 Summary of Electric Power Supply Plan FY2015 Electric Power Supply Plan - Outline of sales plan - Electricity sales volume is planed as 127.1TWh in FY2024, a 0.1% annual growth in average (value corrected for temperature). - Peak load (three-day average, sending

52. Slide 52: Reinforcement Plan for LNG Handling Facilities

    Reinforcement Plan for LNG Handling Facilities 46 㻝㻢 - Supporting stable yet flexible LNG procurement 䐣Installation of new gas pipeline 䐟Additional LNG tanks & reinforcement to LNG 䐠 s o oof ggass 䐠Installation receiving dock Shin-Nagoya pipeline across Ise Bay 䐢Installation of ( for Toho Gas Co.) N

53. Slide 53: Fuel Procurement <1>: Outlook for Fuel Procurement in FY2015

    Fuel Procurement<1>:Outlook for Fuel Procurement in FY2015 47 - Outlook for fuel procurement (LNG) - After the suspension of all the units of Hamaoka Nuclear Power Station, the Company has increased the utilization of thermal power plants, mostly LNG, to compensate for the loss of power output by nu

54. Slide 54: Fuel Procurement <2>: LNG Contracts

    Fuel Procurement<2>: LNG Contracts 48 - Principal LNG Contracts (1,000 t/year) Contract volume Projects / <delivery> Period of contract (approximate figure) Q Qatar1 / <Ex-ship> p 1997 - 2021 ((approx.25 pp years) y ) 4,000 , Australia (extension) / <Ex-ship> 2009 - 2016 (approx.7 years) 500 Austral

55. Slide 55: Fuel Procurement <3>: LNG Ship Charter

    Fuel Procurement<3>: LNG Ship Charter 49 39 ŠThree Contracts of LNG Ship Charter - Based on the FOB contract, we concluded four contracts of LNG ship charter to enhance efficiency and flexibility of procurement by managing freight charge. 1st Ship (Seishu-maru) 2nd Ship (Esshu-maru) 3rd Ship 4th Shi

56. Slide 56: Fuel Procurement <4>: Advancement of Coal Trading

    50 Fuel Procurement<4>: Advancement of Coal Trading 36 - Coal tradingg business -Chubu Electric and Electricite de France’s subsidiary EDFT each established 100% subsidiaries in Japan and started fuel trading business under partnership agreement in FY2008. -Effective in April, 2010, Chubu Energy Tra

57. Slide 57: Fuel Procurement <5>: Acquisition of Interests in Energy Resources

    Fuel Procurement<5> 51 Acquisition of Interests in Energy Resources - Acquisition of upstream interests, etc.ೌ Cordova Embayment Integra ႩƷӕࢽཞඞƳƲ] (Shale gas) (Coal) Ichthys Project output capacity: Project output capacity: (LNG) Approx 3.3 million ton/year Approx 3.5 million ton/year in LNG (planne

58. Slide 58: Fuel Procurement <6>: Results of FY2014

    Fuel Procurement<6> Results of FY2014 52 Others 2.2 Canada Russia 1.8 R ssia Russia 47 4.7 3.3 (%) Australia 11 4 11.4 Africa LNG Coal Qatar Australia Indonesia 11.5 (13 485mil t) (13.485mil.t) 43 0 43.0 Ტ10 552mil tᲣ Ტ10.552mil.tᲣ 55.0 51 9 51.9 Asia 15.2 Vietnam 19.3 Crude oil Ტ228,000klᲣ Indonesi

59. Slide 59: Renewable Energy <1>: Feed-in Tariff Scheme

    Renewable Energy <1>䠖Feed-in Tariff Scheme 53 㻙 Basic framework of feed-in tariff scheme for renewable energy Purchase Electric Supply Power Punrchased power Equivalent to the purchased costs of renewable energy sourced Company Electricity sales revenues Equivalent to the surcharge for Operators p o

60. Slide 60: Renewable Energy <2>: Our efforts toward Promotion

    Renewable Energy <2> : Our efforts toward Promotion 54 㻝㻡 - Details for promotion of renewable energy Output Detailed plans Operation commences (MW) Mega Solar Iida 1 FY 2010 Wind Solar Chubu Electric Mega Solar Taketoyo 7.5 FY 2011 Mega Solar Shimizu 8 FY 2014 (Phase1) FY 2009 Chubu Electric Omaeza

61. Slide 61: Renewable Energy <3>: Status of Renewable Energy Initiatives

    55 Renewable Energy <3> : Status of Renewable Energy Initiatives 㻝㻡 ŠStatus of Renewable Energy Initiatives (Chubu Electric Power Group) ƂContract demand (Solar, Wind)ƃ ƂThe number of contracts (Solar)ƃ (MW) FY2010 FY2011 FY2012 FY2013 FY2014 4,000 The number of contracts 128,000 178,000 237,000 310

62. Slide 62: Renewable Energy <4>: Grid connection applications

    Renewable Energy <4>: 56 㻝㻡 The situation of application volume associated with connection ŠThe situation of application volume associated with connection of renewable energy generation facilities to grid Total electric volume of interconnected inverters plus application volume for connection to ren

63. Slide 63: Sales Strategy <1>: Evolve into a Total Service Corporation

    Sales Strategy <1>:Evolve into a Total Service Corporation 57 㻢 - Supplying S l i Gas, G LNG and d On-Site O Sit E Energy Collaborating with C Energy fully acquired, the Chubu Electric Group continues to offer energy services that combine gas, LNG and on-site energy to business customers. We support

64. Slide 64: Sales Strategy <2>: Overseas Business Deployment

    Sales Strategy <2>: Overseas Business Deployment 58 - Outline of overseas business Investment amount Output based on Chubu's stake* (approximate) At the end of FY2014 Cumulative total 100 billion yen Cumulative total 3,260 MW * represents t Chubu's Ch b ' stake t k in i total t t l output t t off wh

65. Slide 65: Summary of Electricity Rates Increase Approval

    Summary of Electricity Rates Increase Approval 㻥59 - On October 29, 2013, the Company applied to the Minister of Economy, Trade and Industry for permission to increase electricity rates for customers in the regulated sector by 4.95%. For deregulated sector, the company requested rate increase by 8.4

66. Slide 66: Efforts toward Promotion of Management Efficiency

    Efforts toward Promotion of Management Efficiency 㻥 60 - The Th whole h l Chubu Ch b Electric El t i group has h been b working ki tot raise i managementt efficiency ffi i the th costs t for f the th approved rates equivalent to 191.5 billion yen per year (a three-year average). As a result, we achi

67. Slide 67: DISCLAIMER

    DISCLAIMER This presentation Thi t ti contains t i assumptions ti andd forward-looking f d l ki statements t t t with ith respect to the financial conditions, and forecasts of the company, which are based on information currently available. These assumptions involve certain risks and uncertainties,

Chubu Electric Power — FY2014 Earnings Presentation on 6ix