Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — FY2023 Earnings Presentation
24 slides from Chubu Electric Power Company,incorporated's earnings presentation, Apr 26, 2024
Slide 1: Presentation Materials for Fiscal Year ended March 31, 2024
Presentation Materials for Fiscal Year ended March 31, 2024 April 26, 2024
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Fiscal Year ended March 31, 2024 Summary of Financial Results ･･･････････････01 Summary of Financial Results by Segments ･･･････････････04 Electrical Power Generation ･･･････････････08 [Reference] Image of Time Lag (Result) ･･･････････････09 Summary of Forec
Slide 3: Outline of Financial Results for Fiscal Year ended March 31, 2024
Outline of Financial Results for Ⅰ Fiscal Year ended March 31, 2024 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2023 represents the fiscal year begun on April 1, 2023, and ending on March 31, 2024. Monetary amounts are rounded down to the nearest whole n
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 3,610.4 billion yen Operating revenues decreased by 376.2 billion yen compared with FY2022, mainly due to a decrease in fuel cost adjustment charge, etc.* (- 327.9 billion yen). * including subsidiary
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues decreased by 376.2 billion yen) (Billion yen) 45,000 4,500.0 A decrease in fuel cost adjustment charge, etc.* 40,000 4,000.0 -327.9 Others -48.3 35,000 3,500.0 30,000 3,000.0 25,0
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income increased by 444.1 billion yen) (Billion yen) 6,000 600.0 JERA (Excluding Power Grid time lag) Others 5,000 500.0 Miraiz -12.8 13.4 (Excluding 88.5 time lag) 4,000 400.0 Time lag income
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating Revenues] (Billion yen, %) FY2023 FY2022 Change (A) (B) (A-B) (A-B)/B Miraiz 2,889.2 3,090.8 (201.5) (6.5) Power Grid 906.5 1,116.1 (209.6) (18.8) Other (*1) 902.8 866.8 35.9 4.1 Adjustment (1,088.2) (1,087.2) (1.0) 0.1 Total 3,610.4 3,986.6 (3
Slide 8: Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income/loss> ■ Ordinary income increased by 138.9 billion yen compared with FY2022, mainly due to a decrease in power procurement price, etc. [Reference] Ordinary income excluding time lag: Approx. 191.0
Slide 9: Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid <Factors contributing to change in Ordinary income> Ordinary income increased by 88.5 billion yen compared with FY2022, mainly due to revision of transmission charges by Revenue cap system and a decrease in supply and demand adjustment costs i
Slide 10: Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income> Ordinary income increased by 203.1 billion yen compared with FY2022, mainly due to time lag impact becoming gain instead of loss. [Reference] Ordinary income excluding time lag: Approx. 54.0 billio
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Same as FY2022 ■ Renewable energy Same as FY2022 (TWh,%) Change FY2023 FY2022 (A) (B) (A-B) (A-B)/B Hydro 8.7 8.3 0.4 4.7 <flow rate> <100.9> <94.8> <6.1> Nuclear - - - - <utilization rate> <-> <-> <-> Renewable
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) ＜FY2022＞ ＜FY2023＞ Loss (91.0 Income billion yen) 138.0 billion yen Elements of cost 費用の諸元 (fuel （燃料調達） procurement) 収益の諸元 Elements of income （燃料調達からのタイムラ (time グ） lag from fuel procurement) 2022/4 2023/4 2024/4 9 C o p y r i g h t © C h u b u E l e c t r i c P
Slide 13: Summary of Forecast for FY2024 <1>
Summary of Forecast for FY2024 <1> <Forecast> (Consolidated) Consolidated operating revenues: 3,600.0 billion yen Consolidated ordinary income: 215.0 billion yen Consolidated ordinary income is expected to decrease by 294.0 billion yen compared to FY2023 mainly due to the decrease of the time lag ga
Slide 14: Summary of Forecast for FY2024 <2>
Summary of Forecast for FY2024 <2> [Principal Figures] Competitive impacts in sales (approx. 2.2) <Electrical Energy Sold> Impacts of temperature and market, etc. (approx. 1.4) (TWh,%) FY2024 FY2023 Change (Forecast) (A) (Result) (B) (A-B) (A-B)/B Electrical Energy Sold 107.4 103.8 3.6 3.5 Electrica
Slide 15: Policy of Return to Shareholders and Dividends
Policy of Return to Shareholders and Dividends for the Fiscal Year under Review, and the Fiscal Year to Come <Policy of Return to Shareholders> Our group will continue to invest in plants and equipments for a safe and stable supply of electricity as well as in growth sectors to maintain sustainable
Slide 16: [Reference] Image of Time Lag (Forecast)
[Reference] Image of Time Lag (Forecast) ＜FY2023＞ ＜FY2024＞ Income Income 138.0 billion yen 25.0 billion yen Elements of income (time lag from fuel procurement) Elements of cost (fuel procurement) 13 C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v
Slide 17: Reference Data: Financial Results
Ⅱ Reference Data : Financial Results C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Slide 18: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) FY2023 FY2022 Change (A) (B) (A-B) (A-B)/B Operating revenues 3,610.4 3,986.6 (376.2) (9.4) Share of profit of entities accounted for using equity method 188.7 - 188.7 - Other 10.7 10.7 0.0 0.0 Nonoperating revenues 199.4 10.7 188.7 Large Ordinary re
Slide 19: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Mar. 31, 2024 Mar. 31, 2023 Change (A) (B) (A-B) Assets 7,108.6 6,455.1 653.5 Liabilities 4,413.5 4,292.8 120.6 Net assets 2,695.0 2,162.2 532.8 Shareholders’ equity ratio (%) 36.4 31.9 4.5 Outstanding interest-bearing debt 3,079.1 2,925.7 153.3 15 C o p
Slide 20: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Billion yen) FY2023 FY2022 Change (A) (B) (A-B) Cash flows from operating activities (a) 344.0 295.7 48.2 Cash flows from investing activities (b) (388.3) (196.9) (191.4) Cash flows from financing activities (c) 87.0 73.2 13.8 Net increase and decrease in cash
Slide 21: Forecast for FY2024 by Segments
Forecast for FY2024 by Segments [Ordinary Income (Loss)] (Billion yen, %) FY2024 FY2023 Change (Forecast) (A) (Result) (B) (A-B) (A-B)/B Miraiz 70.0 203.8 (approx. 134.0) (65.7) <Ordinary income <approx. 70.0> <approx. 191.0> <(approx. 121.0)> <(63.4)> excluding time lag> Power Grid 15.0 95.6 (appro
Slide 22: Consolidated Financial Indicators etc.
Consolidated Financial Indicators etc. (%) FY2023 FY2024 FY2025 [Medium-term (Result) (Forecast) management plan] ROIC 5.5 approx. 3.0 3.2 or more ROA 5.8 approx. 3.0 - ROE 11.6 approx. 6.0 approx. 7.0 *Figures excluding time lag 18 C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n
Slide 23: DISCLAIMER
DISCLAIMER The forward-looking statements in this presentation are based on information available as of the date of this announcement and actual results, etc. may differ from these statements by various causes in the future. C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l
Slide 24: C o p y r i g h t © C h u b
C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Chubu Electric Power Company — FY2023 Earnings Presentation on 6ix