Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — FY2019 3Q Earnings Presentation

24 slides from Tokyo Gas's earnings presentation, Jan 30, 2020

  1. Slide 1: FY2019 3Q Financial Results ended December, 2019

    TSE:9531 FY2019 3Q Financial Results ended December, 2019 January 30, 2020 0

  2. Slide 2: 1. FY2019 Consolidated Financial Results

    1. FY2019 Consolidated Financial Results ended December, 2019 1

  3. Slide 3: FY2019 3Q Consolidated Results (Apr. 1, 2019 – Dec. 31, 2019)

    FY2019 3Q Consolidated Results (Apr. 1, 2019 – Dec. 31, 2019) <vs. FY2018 3Q> Highlights: Sales Up, Profit Down ( + - ,+/- indicate impact on profit, billion yen) Net sales +35.4 : + Electricity (+58.0: Increase in sales volume due to increase in retail customers, etc.) + Gas (+7.7: Decrease in city

  4. Slide 4: FY2019 3Q Consolidated Gas Sales Volume/Number of Customers

    FY2019 3Q Consolidated Gas Sales Volume/ Number of Customers <vs. FY2018 3Q> City Gas sales volume： *Each value is rounded. -714mil.㎥ (-6.7%) (mil. ㎥) [including temperature effect +94mil.㎥, +0.9%] 12,000 ■Residential +2mil.㎥(+0.2%) ●Temperature effect +103 mil.㎥ [10,637] ●Number of days +0 mil.㎥ [9

  5. Slide 5: FY2019 3Q Consolidated Electricity Sales Volume/Number of Customers

    FY2019 3Q Consolidated Electricity Sales Volume/ Number of Customers <vs. FY2018 3Q> Electricity sales volume： New electricity retail customers won by Tokyo Gas +3,160mil. kWh (+ 28.7%) ■Retailing + 1,471 mil. kWh(+34.3%) ■Wholesale etc. + 1,689 mil. kWh(+25.2%) Cumulative (1,000s) (mil kWh) Quarter

  6. Slide 6: FY2019 3Q Results: Sales and Profit/Loss by Business Segments

    FY2019 3Q Results : Sales and Profit/Loss by Business Segments ＜vs. FY2018 3Q ＞ (unit : billion yen) Segment Profit Net sales (Operating profit + Equity income/loss of subsidiary) FY2019 FY2018 FY2019 FY2018 3Q 3Q Change ％ 3Q 3Q Change ％ Results Results Results Results Gas 955.3 947.6 7.7 0.8 56.1 2

  7. Slide 7: FY2019 3Q Results: Ordinary Profit Analysis

    FY2019 3Q Results: Ordinary Profit Analysis <vs. FY2018 3Q> (Unit: billion yen)  City gas +¥27.5bn Gas ・Increase in gross margin +¥33.1bn: Change in sales volume -11.4 (incl. change due to + ¥29.9bn temp. effect +7.4), sliding time lag effect +30.6, third-party access revenue +10.8, (+114.2%) etc.)

  8. Slide 8: 2. FY2019 Full Year Forecast

    2. FY2019 Full Year Forecast 7

  9. Slide 9: FY2019 Consolidated Forecast vs. Previous Forecast

    FY2019 Consolidated Forecast (Apr. 1, 2019 – Mar. 31, 2020) <vs. FY2019 Previous Forecast> Highlights: Sales Down, Profit Unchanged from Previous Forecast ( + - , +/- indicate impact on profit, billion yen) Net sales -21.0 : - Gas (-31.5: Decrease in city gas sales volume, decrease in unit price of

  10. Slide 10: FY2019 Full Year Forecast; Consolidated Gas Sales Volume/Number of Customers

    FY2019 Full Year Forecast ; Consolidated Gas Sales Volume/Number of Customers Consolidated City Gas Sales Volume (Figures are rounded nearest mil ㎥) 16,000 (Unit : million m3) VS. Previous Forecast [15,198] [14,069] [14,293] -224 mil ㎥ (-1.6%) Residential [Including temperature effect -47mil. ㎥, -0.

  11. Slide 11: FY2019 Full Year Forecast; Consolidated Electricity Sales Volume/Number of Customers

    FY2019 Full Year Forecast ; Consolidated Electricity Sales Volume/Number of Customers Consolidated Electricity Sales Volume Number of Retail Customers VS. Previous Forecast FY2019 Previous FY2018 +330 mil kWh (+1.6%) Change Change Forecast forecast Results VS. FY2018 Results Number of retail custome

  12. Slide 12: Full Year Forecast: Sales and Profit/Loss by Business Segments vs. Previous Forecast

    FY2019 Full Year Forecast: Sales and Profit/Loss by Business Segments ＜vs. FY2019 Previous Forecast ＞ (unit : billion yen) Segment Profit Net sales (Operating profit + Equity income/loss of subsidiary) FY2019 Previous ％ FY2019 Previous ％ Forecast Forecast Change Forecast Forecast Change Gas 1,380.6

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

    FY2019 Forecast: Ordinary Profit Analysis <vs. FY2019 Previous Forecast> (Unit: billion yen) Gas City gas -¥0.4bn + ¥0.1bn ・ Decrease in gross margin -¥2.8bn: Sliding time lag effect +1.0, change in sales (+0.1%) volume, etc. -3.8 (incl. change due to temp. effect -3.0) (Net sales) -¥24.4bn: Slidin

  14. Slide 14: Full Year Forecast: Sales and Profit/Loss by Business Segments vs. FY2018

    FY2019 Full Year Forecast : Sales and Profit/Loss by Business Segments <vs. FY2018 Results> (unit : billion yen) Segment Profit Net sales (Operating profit + Equity income/loss of subsidiary) FY2019 FY2018 ％ FY2019 FY2018 ％ Forecast Results Change Forecast Results Change Gas 1,380.6 1,413.7 -33.1 -2

  15. Slide 15: Forecast: Ordinary Profit Analysis vs. FY2018 Results

    FY2019 Forecast: Ordinary Profit Analysis <vs. FY2018 Results> (Unit: billion yen) Gas  City gas +¥14.8bn ・ Increase in gross margin +¥26.1bn: Sliding time lag effect +21.0, change in sales + ¥16.9bn volume, etc. +5.1 (incl. change due to temp. effect +10.9) (+18.3%) (Net sales) -¥80.7bn: Sliding t

  16. Slide 16: FY2019 Uses of Cash Flow (Capex, Investment and financing)

    FY2019 Uses of Cash Flow（Capex , Investment and financing） (Unit: billion yen) Previous FY2018 Forecast Main Items Change ％ Change ％ Forecast Results Capital Expenditure Production facilities : 11.2（- 0.8） Hitachi LNG terminal expansion, etc. Distribution facilities : 109.4（-1.9） Gas 171.5 190.7 -19

  17. Slide 17: Key Indicators (Consolidated)

    Key Indicators (Consolidated) (Unit: billion yen) FY2019 FY2018 FY2017 Forecast Results Results Total assets (a) 2,578.0 2,428.1 2,334.3 Shareholders’ equity (b) 1,184.0 1,159.0 1,136.0 Shareholders’ equity ratio (b)/(a) 45.9% 47.7% 48.7% Interest-bearing debt (c) 923.0 803.2 724.9 D/E ratio (c)/(b)

  18. Slide 18: 3. Reference Materials

    3. Reference Materials "TOKYO GAS

  19. Slide 19: Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate Impact of rising JCC by $1/bbl Impact of depreciation by ¥1/$ (Unit: billion yen) (Unit: billion yen) Impact on earnings Impact on earnings 4Q 4Q Period 4Q -0.1 Period 4Q -1.1 18

  20. Slide 20: Key Topics in FY2019

    Key Topics in FY2019 (Excerpted from Press Releases up to 30th January) ・Tokyo Gas Group Initiatives in FY2019 to Achieve GPS2020 (Apr.10) Management ・Tokyo Gas Group Management Vision Compass2030 Providing energy and solutions to the future of our life, society and the earth (Nov. Strategy 27) ・Tok

  21. Slide 21: Key Topics in FY2019

    Key Topics in FY2019 (Excerpted from Press Releases up to 30th January) Digital ・Investment in Next Energy & Resources and joint development of IoT platform for coordinated control of distributed energy appliances to Innovations further enhance services and expand use of renewables (Jul.3) ・Announce

  22. Slide 22: Overseas Projects

    Overseas Projects 1 4 2 3 5 6 7 Participation No Country Subject Main Business year ■Southeast Asia ■North America Downstream Upstream GAS MALASIA Bhd. 1992 Barnett 2013 City gas Shale gas ③ Malaysia GAS MALASIA ENERGY Downstream Upstream 2014 Eagle Ford 2016 ADVANCE Sdn.Bhd. Energy Service Shale ga

  23. Slide 23: Trends in city gas/electricity switching, Number of customers for city gas retail

    Trends in city gas/electricity switching(published data), Number of customers for city gas retail sales(Tokyo gas consolidated) Electricity switchers (based on applications) City gas switchers (based on applications) Monthly(1,000s) Cumulative(1,000s) Monthly(1,000s) Cumulative(1,000s) 500 16,000 18

  24. Slide 24: 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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