Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — FY2021 2Q Earnings Presentation

26 slides from Tokyo Gas's earnings presentation, Oct 28, 2021

  1. Slide 1: FY2021 2Q Financial Results

    TSE:9531 FY2021 2Q Financial Results ended September, 2021 October 28, 2021

  2. Slide 2: FY2021 Consolidated Financial Results

    01 FY2021 Consolidated Financial Results ended September, 2021 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

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

    FY2021 Consolidated Results (Apr. 1, 2021 – Sep. 30, 2021) vs. FY2020 2Q 3 Highlights: Sales Up, Profit UP (+/- indicate impact on profit, billion yen) Net sales ＋44.6 Increase in sales from consolidation of upstream business company in North America, etc. Operating -50.8 Impact from the increase in

  4. Slide 4: 2Q Consolidated Gas Sales Volume / Number of Customers

    FY2021２Q Consolidated Gas Sales Volume/ Number of Customers City Gas sales volume: vs. FY2020 2Q Number of customers(City Gas), LNG sales 4 volume,Average temperature *Each value is rounded. FY20201 FY2020 ＋150mil.㎥ (+2.7%) （ Unit： mil. ㎥） 2Q 2Q Change including temperature effect 6,000 Number of cu

  5. Slide 5: 2Q Consolidated Electricity Sales Volume / Number of Customers

    FY2021 ２Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2020 2Q 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas ※ Number of billed customers Cumulative (1,000s) Quarter (1,000s) for electricity retail sales. （ Unit：mil. kWh ） 2,876 14,000 300 2,788 3,

  6. Slide 6: 2Q Results: Sales and Operating Profit/Loss by Business Segments

    FY2021 2Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2020 2Q 6 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 2Q FY2020 2Q FY2021 2Q FY2020 2Q Results Results Change ％ Results Results Change ％ Gas 561.8 544.0 17.8 3

  7. Slide 7: 2Q Results: Ordinary Profit Analysis

    FY2021 2Q Results: Ordinary Profit Analysis vs. FY2020 2Q 7  City Gas -¥40.5bn ・Decrease in gross margin -¥35.6bn: Change in volume, etc. -2.5 (incl. change due to temp effect -3.1), Gas sliding time lag effect -34.2, third-party access revenue +1.6, etc. -¥13.4bn (Net sales) -¥6.6bn: Change in vol

  8. Slide 8: FY2021 Full Year Forecast

    02 FY2021 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  9. Slide 9: Highlights: Sales UP, Profit UP (vs. Previous Forecast)

    FY2021 Consolidated Forecast (Apr. 1, 2021 – Mar. 31, 2022) 9 Highlights: Sales UP, Profit UP (vs. Previous Forecast) (+/- indicate impact on profit, billion yen) vs. Previous Forecast Net sales +18.0 Increase in city gas unit price due to resource costs adjustment, increase in city gas sales volume

  10. Slide 10: Full Year Forecast: Gas Sales Volume / Number of Customers

    FY2021 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers 10 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） FY2020 VS. Previous Forecast Forecast Previous Forecast Change Results Change +106mil.㎥ (+0.9%) 15,000 Number of

  11. Slide 11: Full Year Forecast: Electricity Sales Volume / Number of Customers

    FY2021 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers 11 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） ※Number of customers for electricity Cumulative (1,000s) VS. Previous Forecast retail sales 30,000 3,800 26,964 27,579

  12. Slide 12: Full Year Forecast: Segment Sales and Profit vs. Previous Forecast

    FY2021 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. Previous Forecast 12 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 Previous FY2021 Previous Forecast Forecast Change ％ Forecast Forecast Change ％ Gas 1274.0

  13. Slide 13: Forecast: Ordinary Profit Analysis vs. Previous Forecast

    FY2021 Forecast: Ordinary Profit Analysis vs. Previous Forecast 13 Gas  City Gas -¥0.2bn +¥3.7bn ・Increase in gross margin +¥0.6bn: Change in volume, etc. -0.4 (incl. change due to (+4.8%) temp effect +0.8), sliding time lag effect +1.0 (Net sales) +¥32.4bn: Change in volume, etc. +4.1, sliding tim

  14. Slide 14: Full Year Forecast: Segment Sales and Profit vs. FY2020

    FY2021 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2020 Results 14 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 FY2020 FY2021 FY2020 Forecast Results Change ％ Forecast Results Change ％ Gas 1274.0 1,146.7

  15. Slide 15: Forecast: Ordinary Profit Analysis vs. FY2020

    FY2021 Forecast: Ordinary Profit Analysis vs. FY2020 Results 15  City Gas -¥25.2bn ・Decrease in gross margin -¥17.7bn: Change in volume, etc. -8.3 (incl. change due to temp effect Gas +2.3), sliding time lag effect -9.4 -¥7.9bn (Net sales) +¥97.4bn: Change in volume, etc. -36.8, sliding time lag ef

  16. Slide 16: Factors for Changes from FY2020 Ordinary Profit

    FY2021 Consolidated Forecast (Apr. 1, 2021 – Mar. 31, 2022) vs. FY2020 Results 16 Factors for Changes from FY2020 Ordinary profit (+/- indicate impact on profit, billion yen) Approx.20.0 -2.6 Reduction in Approx. 23.0 93.0 impact of COVID-19 Sliding time lag Easing of the 10.1 impact of the effect s

  17. Slide 17: Uses of Cash Flow (Capex, Investment and Financing)

    FY2021 Uses of Cash Flow（Capex , Investment and financing） 17 (Unit: billion yen) Previous Change FY2020 Forecast Main Items % Change ％ Forecast Results Capital Expenditure Production facilities : 8.9(-1.5) Other Production facilities, etc. Gas 133.0 Distribution facilities : 86.1(-1.1) New demand d

  18. Slide 18: Key Indicators (Consolidated)

    Key Indicators (Consolidated) 18 (Unit: billion yen) FY2021 FY2020 FY2019 Forecast Results Results Total assets (a) 2,920.0 2,738.3 2,539.9 Shareholders’ equity (b) 1,209.0 1,153.8 1,147.7 Shareholders’ equity ratio (b)/(a) 41.4％ 42.1％ 45.2％ Interest-bearing debt (c) 1,272.0 1,065.9 905.0 D/E ratio

  19. Slide 19: Revision of Dividend Forecasts for the year ended March 31, 2022

    Revision of Dividend Forecasts for the year ended on March 31, 2022 19  Tokyo Gas has considered acquisition of treasury stock for retirement as one way of providing shareholder return in addition to dividends and set a target for total return ratio to shareholders (ratio of dividends on current co

  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 by $1/bbl (Unit: billion yen) Impact on earnings 3Q 4Q Full year 3Q -0.1 -0.9 -1.0 Period 4Q 0 0 0 Full year -0.1 -0.9 -1.0 Impact of depreciation by ¥1/$ (Unit: billion yen) Impact on earnings 3Q 4Q

  22. Slide 22: Crude oil price, Exchange rate

    Crude oil price・Exchange rate 22 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2021 FY2020 FY2019 Exchange rate (¥/$) 115.0 110.0 105.0 100.0 FY2021 FY2020 FY2019 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  23. Slide 23: Key Topics in FY2021

    Key Topics in FY2021 (Excerpted from Press Releases up to 28th October.) ・Notice regarding Partial Changes to Articles of Incorporation (Apr. 28) 23 ・Notice regarding Spin-off (Absorption-type Company Split) (Apr. 28) Management ・Notice regarding Spin-off (Simplified Absorption-type Company Split（Ma

  24. Slide 24: Key Topics in FY2021

    Key Topics in FY2021 (Excerpted from Press Releases up to 28th October.) 24 ・Additional special measures pertaining to gas and electricity bill payments in relation to the 2021 COVID-19 outbreak ESG (Apr.23,May.12,Jun.14,Jul.15,Aug.23,Sept.16,Oct. 21) ・Publication of Tokyo Gas Group Sustainability R

  25. Slide 25: Overseas Projects

    Overseas Projects 25 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 TGES America Downstream Energy Service 2015 U.S.A 1 Birdsboro Power Plant Downstream Natural gas power 2017 North America Akti

  26. Slide 26: 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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