Slide 1: FY2021 Financial Results
TSE:9531 FY2021 Financial Results ended March, 2022 April 27, 2022
Slide 2: FY2021 Consolidated Financial Results
01 FY2021 Consolidated Financial Results ended March, 2022 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.
Slide 3: Highlights: Sales Up, Profit Up
FY2021 Consolidated Results (Apr. 1, 2021 – Mar. 31, 2022) vs. FY2020 3 Highlights: Sales Up, Profit Up (+/- indicate impact on profit, billion yen) Net sales ＋380.0 Increase in city gas unit price due to resource costs adjustment, etc. Operating -340.0 Impact from the increase in crude oil prices,
Slide 4: City Gas Sales Volume and Number of Customers
FY2021 Consolidated Gas Sales Volume/ Number of Customers vs. FY2020 4 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） 14,000 ＋141mil.㎥ (＋1.1%) FY2021 FY2020 Change including temperature effect 13,131 12,990 Number of customers for +31mil.㎥,
Slide 5: Electricity Sales Volume and Number of Customers
FY2021 Consolidated Electricity Sales Volume/ Number of Customers vs. FY2020 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas Cumulative (1,000s) （ Unit：mil. kWh ） Quarter (1,000s) 3,014 2,876 2,934 +3,527mil. kWh 28,288 300 2,629 2,788 2,717 3,000 30,000 (+14.2%) 250 2,
Slide 6: Sales and Operating Profit/Loss by Business Segments
FY2021 Results : Sales and Operating Profit/Loss by Business Segments vs. FY2020 6 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 FY2020 FY2021 FY2020 Results Results Change ％ Results Results Change ％ Gas 1,444.0 1,146.7 297.3 25.9 102.6 88.
Slide 7: FY2021 Results: Ordinary Profit Analysis
FY2021 Results: Ordinary Profit Analysis vs. FY2020 7 City Gas +¥4.7 bn ・Increase in gross margin +¥10.9 bn: Change in volume, etc. -9.4 (incl. change due to Gas temp effect +1.8), sliding time lag effect +13.1, third-party access revenue +5.5, etc. +¥14.2bn (Net sales) ¥204.1 bn: Change in volume
Slide 8: Returns to Shareholders
Returns to Shareholders 8 Tokyo Gas has changed its shareholder return policy as follows in order to allocate its resources preferentially to areas related to net zero CO2 emission while maintaining financial soundness, in accordance with its aim to contribute to a decarbonized society and the Tokyo
Slide 9: FY2022 Full Year Forecast
02 FY2022 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.
Slide 10: Highlights: Sales UP, Profit UP
FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) vs. FY2021 10 Highlights: Sales UP, Profit UP (+/- indicate impact on profit, billion yen) vs. FY2021 Net sales +384.9 Increase in city gas unit price due to resource costs adjustment, increase in electricity sales volume, etc. Operating -3
Slide 11: FY2022 Forecast City Gas Sales Volume and Customers
FY2022 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers vs. FY2021 11 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） VS. FY2021 Results FY2021 15,000 -733mil.㎥ (-5.6%) Forecast Results Change including temperature effec
Slide 12: FY2022 Forecast Electricity Sales Volume
FY2022 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers vs. FY2021 12 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） Cumulative (1,000s) VS. FY2021 Results 35,000 34,801 4,000 3,800 +6,513mil. kWh （As of Mar.2023 ） (+23.0%)
Slide 13: Changes in Disclosable Segments
Changes in Disclosable Segments (mapping of key changes) 13 ・In accordance with our approach to accounting management, we will change our classifications for legally disclosable segments in order to better align them with management practices under the holdings-type group structure instituted in FY2
Slide 14: New Segments: FY2022 Forecast by Business Segment
【New Segments】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2021 14 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2022 FY2021 FY2022 FY2021 Forecast Results Change ％ Forecast Results Change ％ Energy solut
Slide 15: New Segments: FY2022 Forecast Ordinary Profit Analysis
【 New Segments 】FY2022 Forecast: Ordinary Profit Analysis vs. FY2021 15 Increase in city gas gross margin +¥18.4 bn: Energy Change in volume, etc. -2.9 (incl. change due to temp effect +2.3), sliding time solution lag effect +21.3 ＋ (Net sales) +¥138.1 bn: Change in volume, etc. -31.9, sliding tim
Slide 16: Former Segments: FY2022 Forecast by Business Segment
【 Former Segments 】 FY2022 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2021 16 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2022 FY2021 FY2022 FY2021 Forecast Results Change ％ Forecast Results Change ％ Gas 1,6
Slide 17: Factors for Changes in Ordinary Profit from FY2021
FY2022 Consolidated Forecast (Apr. 1, 2022 – Mar. 31, 2023) vs. FY2021 17 Factors for Changes from FY2021 Ordinary profit (+/- indicate impact on profit, billion yen) 28.5 Approx. 12.0 Sliding time lag Approx. -14.5 effect 9.0 Increase in Worsening of pension profit from foreign Approx. -10.0 Easing
Slide 18: FY2022 Uses of Cash Flow
FY2022 Uses of Cash Flow（Capex , Investment and financing） 18 (Unit: billion yen) FY2021 Forecast Main Items Change ％ Results Capital Expenditure Energy solution 106.6 67.9 38.7 56.9 Production facilities : 14.0 (+6.9）Other Production facilities, etc. City gas 52.8 Service and maintenance facilities
Slide 19: Key Indicators (Consolidated)
Key Indicators (Consolidated) 19 (Unit: billion yen) FY2022 FY2021 FY2020 Forecast Results Results Total assets (a) 3,086.0 3,216.9 2,738.3 Shareholders’ equity (b) 1,267.0 1,227.1 1,153.8 Shareholders’ equity ratio (b)/(a) 41.1% 38.1% 42.1％ Interest-bearing debt (c) 1329.0 1,220.5 1,065.9 D/E ratio
Slide 20: Medium-term Management Plan Key Figures
Medium-term Management Plan（ Announced: March 25, 2020）Key figures (unit : billion yen) 20 FY2020 FY2021 FY2022 Results Results Target Operating profits +equity method income KGI (¥ billion) 79.1 121.5 140.0 ROE (％) 4.3％ 7.5% Approx. 8.0％ Financial indicators ROA (％) 1.9％ 3.0% Approx. 4.0％ D/E Ratio
Slide 21: Reference Materials
03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.
Slide 22: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate
Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 22 Impact of rising JCC by $1/bbl Impact on earnings (Unit: billion yen) 1Q 2Q 3Q 4Q Full year 1Q -0.1 -0.5 +0.5 +0.3 +0.2 2Q ― -0.1 -0.6 +0.9 +0.2 Period 3Q ― ― -0.1 -0.9 -1.0 4Q ― ― ― -0.2 -0.2 Full year -0.1 -0.6 -0.2 +0.
Slide 23: Crude Oil Price, Exchange Rate
Crude oil price・Exchange rate 23 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2021 FY2020 FY2019 Exchange rate (¥/$) 120.0 115.0 110.0 105.0 100.0 FY2021 FY2020 FY2019 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.
Slide 24: Key Topics in FY2021 (Excerpted from Press Releases)
Key Topics in FY2021 (Excerpted from Press Releases) ・Notice regarding Partial Changes to Articles of Incorporation (Apr. 28) 24 ・Notice regarding Spin-off (Absorption-type Company Split) (Apr. 28) ・Notice regarding Spin-off (Simplified Absorption-type Company Split（May 19） ・Notice on the Introducti
Slide 25: Key Topics in FY2021 (Excerpted from Press Releases)
Key Topics in FY2021 (Excerpted from Press Releases) ◆ Engineering Solutions 25 ・Establishment of Tokyo Gas Nomura Real Estate Energy Co., Ltd. (Apr. 5) ・Tokyo Gas receives consignment contract for owner-support and operations management works at biomass single-fuel combustion thermal power plant in
Slide 26: Overseas Projects
Overseas Projects 26 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
Slide 27: 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