Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — Q3 FY2022 Earnings Presentation

30 slides from Tokyo Gas's earnings presentation, Jan 31, 2023

  1. Slide 1: FY2022 3Q Financial Results

    TSE:9531 FY2022 3Q Financial Results ended December, 2022 January 31, 2023

  2. Slide 2: FY2022 Consolidated Financial Results

    01 FY2022 Consolidated Financial Results ended December, 2022 Note: Figures for the fiscal year ended March 31, 2022, represent figures after retroactive application and restatement following a change in accounting policies and changes in presentation, respectively. Copyright© TOKYO GAS Co., Ltd. Al

  3. Slide 3: Highlights: Sales Up, Profit Up

    FY2022 3Q Consolidated Results (Apr. 1, 2022 – Dec. 31, 2022) vs. FY2021 3Q 3 Highlights: Sales Up, Profit Up (+/- indicate impact on profit, billion yen) Net sales ＋896.9 Increase in city gas unit price due to resource costs adjustment, etc. Operating -714.6 Impact from the increase in crude oil pr

  4. Slide 4: City Gas sales volume and number of customers

    FY2022 3Q Consolidated Gas Sales Volume/ Number of Customers vs. FY2021 3Q 4 City Gas sales volume: Number of customers(City Gas), LNG sales volume, Average temperature （ Unit： mil. ㎥） FY2022 FY2021 -47mil.㎥ (-0.5%) 10,000 3Q 3Q Change including temperature effect 9,500 +49mil.㎥,+0.5% 9,084 9,131 Nu

  5. Slide 5: Electricity sales volume and customers

    FY2022 3Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2021 3Q 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Quarter (thousands) Cumulative (thousands) +5,379mil. kWh 25,404 300 3,190 3,314 3,500 25,000 3,090 (+26.9%) 3,014 2,934

  6. Slide 6: New Segments: Sales and Operating Profit by Business Segment

    【New Segments】 FY2022 3Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2021 3Q 6 (unit : billion yen) Segment Profit(Operating profit Net sales ※5 + Equity income/loss of subsidiaries) FY2022 3Q FY2021 3Q FY2022 3Q FY2021 3Q Results Results Change ％ Results Results Change ％ En

  7. Slide 7: New Segments: Ordinary Profit Analysis

    【New Segments】 FY2022 3Q Results : Ordinary Profit Analysis vs. FY2021 3Q 7  Increase in city gas gross margin +¥119.1 bn: Change in volume, etc. +12.7 (incl. change due to temp effect +1.2), Energy sliding time lag effect +106.4 solution (Net sales) ＋¥433.6 bn: Change in volume, etc. +12.7, slidin

  8. Slide 8: Former Segments: Sales and Operating Profit by Business Segment

    【Former Segments】 FY2022 3Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2021 3Q 8 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiaries) FY2022 3Q FY2021 3Q FY2022 3Q FY2021 3Q Results Results Change ％ Results Results Change ％ Ga

  9. Slide 9: FY2022 Full Year Forecast

    02 FY2022 Full Year Forecast Note: Figures for the fiscal year ended March 31, 2022, represent figures after retroactive application and restatement following a change in accounting policies and changes in presentation, respectively. Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  10. Slide 10: Highlights: Sales Up, Profit Up (vs. Previous Forecast)

    FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) 10 Highlights: Sales UP, Profit Up (vs. Previous Forecast) vs. Previous Forecast Net sales +104.0 Increase in city gas unit price due to resource costs adjustment, etc. Operating ＋77.0 Decrease in city gas resource costs due to decrease in

  11. Slide 11: Forecast: City Gas sales volume and customers

    FY2022 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers 11 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） VS. Previous Forecast Forecast Previous Change FY2021 Change Forecast Results 15,000 -93mil.㎥ (-0.7%) including t

  12. Slide 12: Forecast: Electricity sales volume and customers

    FY2022 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers 12 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Cumulative (1,000s) VS. Previous Forecast 35,000 34,849 34,442 2022 target in the Midterm Plan 4,000 3,800 +407mil. kW

  13. Slide 13: New Segments: Full Year Forecast vs. Previous Forecast

    【New Segments】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. Previous Forecast 13 (unit : billion yen) Segment Profit(Operating profit Net sales *4 + Equity income/loss of subsidiaries) FY2022 Previous FY2022 Previous Forecast Forecast Change ％ Forecast Forecast

  14. Slide 14: New Segments: Forecast Ordinary Profit Analysis vs. Previous Forecast

    【New Segments】FY2022 Forecast: Ordinary Profit Analysis vs. Previous Forecast 14  Increase in city gas gross margin +¥105.5 bn: Energy Change in volume, etc. -8.0 (incl. change due to temp effect -1.2), solution sliding time lag effect +113.5 +¥189.4bn (Net sales) +¥40.0 bn: Change in volume, etc.

  15. Slide 15: New Segments: Full Year Forecast vs. FY2021

    【New Segments】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2021 Results 15 (unit : billion yen) Segment Profit(Operating profit Net sales *5 + Equity income/loss of subsidiaries) FY2022 FY2021 FY2022 FY2021 Forecast Results Change ％ Forecast Results Change ％

  16. Slide 16: New Segments: Forecast Ordinary Profit Analysis vs. FY2021

    【New Segments】FY2022 Forecast: Ordinary Profit Analysis vs. FY2021 Results 16  Increase in city gas gross margin +¥126.2 bn: Change in volume, etc. -9.7 (incl. change due to temp effect -0.5), sliding time lag effect +135.9 Energy (Net sales) +¥543.7 bn: Change in volume, etc. -26.7, sliding time s

  17. Slide 17: Factors for Changes from FY2021 Ordinary Profit

    FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) vs. FY2021 17 Factors for Changes from FY2021 Ordinary profit (billion yen) 160.4 Approx. +44.0 Sliding time lag effect Other profit increase and decrease 325.0 -15.2 Worsening of pension actuarial differences Approx. -38.0 Rising in JEPX A

  18. Slide 18: FY2022 Uses of Cash Flow (Capex, Investments and Financing)

    FY2022 Uses of Cash Flow（Capex , Investments and financing） (Unit: billion yen) Forecast Main Items Previous Change % FY2021 18 Change ％ Forecast Results Capital Expenditure Energy solution 85.0 108.4 -23.4 -21.5 67.9 17.1 25.1 Production facilities : 14.0 Other Production facilities, etc. City gas(

  19. Slide 19: Key Indicators (Consolidated)

    Key Indicators (Consolidated) 19 (Unit: billion yen) FY2022 FY2021 FY2020 ※2 Forecast Results Results Total assets (a) 3,674.0 3,187.6 2,738.3 Shareholders’ equity (b) 1,506.0 1,251.7 1,153.8 Shareholders’ equity ratio (b)/(a) 41.0% ※3 39.3% 42.1％ Factoring in hybrid bonds/loans 42.1% Interest-beari

  20. Slide 20: Reference Materials

    03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  21. Slide 21: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 21 Impact of rising JCC（Japan Crude Cocktail Prices) by $1/bbl (Unit: billion yen) Impact on earnings 4Q Period 4Q 0.0 Impact of depreciation of the yen by ¥1/$ (Unit: billion yen) Impact on earnings 4Q Period 4Q -1.1 Copyri

  22. Slide 22: Crude oil price, Exchange rate

    Crude oil price・Exchange rate 22 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 120.00 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2022 FY2021 FY2020 Exchange rate (¥/$) 150.0 145.0 140.0 135.0 130.0 125.0 120.0 115.0 110.0 105.0 100.0 FY2022 FY2021 FY2020 Copyright© TOKYO

  23. Slide 23: Key Topics in FY2022 by 3Q: Business & Financial Topics

    Key Topics in FY2022 by 3Q (Excerpted from Press Releases) 23 (1) Business & financial topics *1 Press releases issued by Tokyo Gas Engineering Solutions *2 Press releases issued by Tokyo Gas Network Launch of Non-FIT/FIP renewable energy balancing service (Apr.18） Number of electric power contracts

  24. Slide 24: Key Topics in FY2022 by 3Q: Nonfinancial ESG Topics

    Key Topics in FY2022 by 3Q (Excerpted from Press Releases) 24 Major related *1 Press releases issued by Tokyo Gas Engineering Solutions (2) Nonfinancial ESG topics *2 Press releases issued by Tokyo Gas Network materiality Transition to a holdings group structure Governance & compliance Selection as

  25. Slide 25: Key Topics in FY2022 by 3Q (Excerpted from Press Releases)

    Key Topics in FY2022 by 3Q (Excerpted from Press Releases) Tokyo Gas Network, Osaka Gas Network and Toho Gas Network signed a partnership agreement for ensuring safe and Climate change 25 Access to energy stable supply and spreading the use of city gas*2 (Apr.20） Safety & disaster preparedness Tokyo

  26. Slide 26: ESG-related Topics: Climate Change (Offshore Wind Prediction)

    Key Topics in FY2022 by 3Q (Excerpted from Press Releases) 26 ESG-related topics: Climate Change Oct. 3, 2022 release Start of development of high-precision wind prediction system for (see webpage below for details in Japanese) improving feasibility of offshore wind power generation https://www.toky

  27. Slide 27: ESG-related Topics: e-methane Production Study

    Key Topics in FY2022 by 3Q (Excerpted from Press Releases) ESG-related topics: climate change Nov. 29, 2022 release 27 Details below Tokyo Gas, Osaka Gas, Toho Gas and Mitsubishi Collaborate to Produce e-methane in the US https://www.tokyo- and Transport It to Japan, Utilizing Cameron LNG in Louisia

  28. Slide 28: Overseas Projects

    Overseas Projects 28 9 1 2 4 5 7 3 6 8 Area No Country Subject Main Business Participation year Eagle Ford Upstream Shale gas 2016 TG Natural Resources Upstream Shale gas 2017 1 TGES America Downstream Energy Service 2015 U.S.A Birdsboro Power Plant Downstream Natural gas power 2017 North America Ak

  29. Slide 29: Changes in Disclosable Segments

    Changes in Disclosable Segments (mapping of key changes) 29 ・In accordance with our approach to accounting management, we changed our classifications for legally disclosable segments in order to better align them with management practices under the holdings-type group structure instituted in FY2022

  30. Slide 30: Cautionary Statement regarding Forward-looking Statements

    < Cautionary Statement regarding Forward‐looking Statements > Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies and beliefs, and other statements herein that are not expressions of historical fact are forward‐looking statements about the future per

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