Shizuoka Gas Co. Ltd. · TSE:9543
Shizuoka Gas — FY2017 Earnings Presentation
22 slides from Shizuoka Gas's earnings presentation, Feb 9, 2018
Slide 1: FY2017 Financial Results
FY2017 Financial Results (January-December) SHIZUOKA GAS CO.,LTD. TSE:9543 February 9 th,2018
Slide 2: Contents
Contents Ⅰ. Summary Financial Results … 3 Ⅱ. Projects Over the Next Three Years … 8 Ⅲ. Supplementary Information … 17 Disclaimer Forecasts are based on information available to the management when this was drafted. Actual financial results may significantly differ from these forecasts due to any unf
Slide 3: Summary Financial Results
Ⅰ. Summary Financial Results
Slide 4: FY2017 Financial Highlights
FY2017 Financial Highlights ◎Results：Higher sales, lower profits ■ Net sales up 12.4% driven by increases due to sliding time lag and contributions of electricity sales Operating income up 28.8% after sliding time lag adjustment ■ Gas sales volume up 1.1% year-on-year →Wholesale sales down 11.2% due
Slide 5: Gas Sales Volume (Non-Consolidated)
Gas Sales Volume (Non-Consolidated) 101.1% Unit; Million m3(45MJ/m3) 1,436 [+16] 1,451 * Figures in [ ] are million m3 ・Wholesale decrease in sales volume based on contract quantity and supply Wholesale and demand adjustments [- 92] 573 ・Increase in sales volume via 645 88.8% Shizuhama Trunk Line [+
Slide 6: Breakdown of Consolidated Operating Income
Breakdown of Consolidated Operating Income <Year-on-year comparison> Unit; billion yen Net Sales 122.0 [+13.4] *Parentheses indicate comparison to y/y *Transactions between the consolidated companies are offset City gas 98.4 [+9.3] Gross Profit [+3.8] 34.2 [-2.5] City gas 29.9 [- 2.9] LPG 14.8 Other
Slide 7: Breakdown of Consolidated Operating Income
Breakdown of Consolidated Operating Income <Year-on-year comparison> Unit : billion yen FY2016 FY2017 Change Revised operating income with sliding time lag adjustment 6.8 8.8 +1.9 Operating income 10.2 7.7 - 2.5 Sliding time lag - 3.3 +1.1 - 4.4 Operating income 10.2 LPG and LNG terminal Others Othe
Slide 8: Projects Over the Next Three Years
Ⅱ. Projects Over the Next Three Years 2018-2020
Slide 9: Initiatives toward 2025
Initiatives toward 2025 Medium- to Long-Term Strategy (announced during 2015) Become the No.1 Solutions Corporate Group in the Region 2015-2017 Foundation-Building Transition away from over-reliance on gas business 2018-2020 Basic Policies Results and Further Foundation-Building Strengthen the Shizu
Slide 10: Enhancement and Growth of Lifestyle Creation Business
Enhancement and Growth of Lifestyle Creation Business ・⻑期保証 On-call Service Gas appliance ’Suguikune’ Cooking Classes warranties extension Remodeling service Confidence, Safety, Trust Health, Long Life Gas Parent-Child cook-off Envision better living and create tomorrow Electricity Energy Savings, C
Slide 11: Enhancement and Growth of Multi-Energy Business
Enhancement and Growth of Multi-Energy Business Provide solutions combining gas, thermal, and electricity ■Gas Development Plan ■Installed capacity of gas cogeneration （Commercial-Use） (million m3/year) （thousand kW) 300 250 260 110 220 230 31 180 26 27 2017 2018 2019 2020 2016 2017 2018 2019 2020 2
Slide 12: Enhancement and Growth of Electricity Business
Enhancement and Growth of Electricity Business The development of distributed energy system with regional cooperation ■Regional electricity model Gas cogeneration Electricity Gas SHIZUOKA GAS Surplus factory electricity Renewable Customers ■Sale of electricity in volume Unit : million kWh 550 370 27
Slide 13: Expansion of Overseas Energy Business
Expansion of Overseas Energy Business Business activities contribute to the reduction of procurement costs Expansion of business in global niche market ・Singapore local subsidiary (SHIZUOKA GAS TRADING PTE. LTD. ) ・IPP Project Company in Thailand ・Business alliance with Indonesian energy company, PT
Slide 14: Stronger Management Foundation
Stronger Management Foundation Lower procurement costs HR Training ・Revise contract price ・Train globally competent ・Implement reloading business human resources ・Enhance customer relations skills LNG terminal utilization Stronger area sales ・Reloading to middle/small size vessel ・Reorganize channel
Slide 15: Forecast: Net Sales and Operating Income
Forecast: Net Sales and Operating Income Net Sales Operating income & Sliding time lag Unit; Billion yen Unit; Billion yen Revised operating profit 141.9 145.4 with sliding time lag 138.2 adjustment 10.0 9.8 122.0 8.8 -0.1 8.7 Sliding Time Lag +1.1 +0.1 7.3 Operating profit +0.8 7.7 8.6 6.4 FY2017 F
Slide 16: Supplementary Information
Ⅲ. Supplementary Information
Slide 17: Plan Sale of Gas in Volume (Non-consolidated)
Plan Sale of Gas in Volume (Non-consolidated) Unit; Million m3 1,538 1,549 1,513 Average annual growth 1,451 Total sales FY2017 to FY2020 Volume +2.2% 603 598 600 573 Average annual growth Wholesale FY2017 to FY2020 +1.4% Average annual growth Large-lot sale FY2017 to FY2020 748 767 778 714 +2.9% Av
Slide 18: Forecast: Breakdown of Consolidated Operating Income
Forecast: Breakdown of Consolidated Operating Income <Year-on-year comparison > Net sales 138.2 [+16.2] Unit; billion yen *Parentheses indicate comparison to 2017 *Transactions between the consolidated companies are offset City gas 109.4 [+10.9] Gross Profit 34.7 [+0.5] City gas 30.0 [+0.1] LPG 18.0
Slide 19: Gas Sales Plan (Non-Consolidated)
Gas Sales Plan (Non-Consolidated) Unit：million m3 2017 Results 2018 Forecast 2019 Forecast 2020 Forecast Gas sales volume 1,451 1,513 1,538 1,549 Own sale 878 913 935 951 Residential 87 86 87 88 Commercial 68 69 71 74 Industrial 723 758 777 790 Wholesale 573 600 603 598 〈 Large-lot-sale (A part of "
Slide 20: Statement of Income
Statement of Income Unit ; billion yen FY2017 Results FY2018 Forecast FY2019 Forecast FY2020Forecast Net sales 122.0 138.2 141.9 145.4 Cost of sales 87.7 103.4 104.9 106.7 Gross Profit 34.2 34.7 36.9 38.6 Sales and adminidtrative expenses 26.5 28.3 28.3 28.6 Manpower 10.3 10.3 10.4 10.5 Other expens
Slide 21: Balance Sheet
Balance Sheet Unit ; billion yen FY2017 FY2018 FY2019 FY2020 Results Forecast Forecast Forecast Assets 109.2 111.5 115.1 119.5 Noncurrent assets 80.2 82.8 85.7 90.3 Current assets 28.9 28.6 29.3 29.1 Liabilities 26.7 27.2 26.4 25.4 Long-term debts 11.7 14.5 13.1 11.9 Total net assets 82.4 84.3 88.6
Slide 22: Statement of Cash Flows & Capital Expenditure
Statement of Cash Flows & Capital Expenditure Unit ; billion yen FY2017 FY2018 FY2019 FY2020 Results Forecast Forecast Forecast Operating cash flow 10.7 12.8 15.3 15.9 Investing cash flow -6.5 -11.0 -11.3 -13.1 Financing cash flow -5.4 -0.8 -3.6 -3.3 Net increase in cash and cash equivalents -1.3 1.