Electric Power Development Co., Ltd. · TSE:9513

Electric Power Development — Q3 FY2016 Earnings Presentation

30 slides from Electric Power Development's earnings presentation, Jan 31, 2017

  1. Slide 1: J-POWER Q3 FY2016 Results Presentation

    2017 3 W POWER 2017 1 31

  2. Slide 2: kWh

    SW PowER kWh

  3. Slide 3: mo Aa &A A&A & &

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  4. Slide 4: Consolidated results highlights

    2015 2016 5,788 5,309 -478 -8.3% 777 709 -68 -8.8% 551 632 81 14.8% 394 445 50 12.9% 2015 2016 4,185 3,822 -362 -8.7% 466 369 -96 -20.8% 436 690 253 58.0% 333 603 270 81.0% 2015 2016 1,575 1,345 -229 -14.6% * 3

  5. Slide 5: Electric power sales volumes

    [ ] 2015 2016 kWh 499 466 -32 -6.6% 79 65 -13 -17.6% 414 395 -19 -4.6% 5 5 0 4.1% 96 113 16 17.5% [ ] 109% 93% - 16 78% 74% - 4 *1 *2 4

  6. Slide 6: Revenue and income by item

    2015 2016 5,788 5,309 -478 -8.3% 4,310 3,929 -380 -8.8% 3,926 3,544 -382 -9.7% 367 367 0 0.1% 1,109 1,033 -76 -6.9% 368 346 -21 -5.9% /US$ 121.74 106.60 /THB 9 3.29 2.91 THB/US$ 9 36.37 34.70 *1 *2 5

  7. Slide 7: Ordinary income factors

    600 190 135 105 95 500 15 10 0 25 15 400 300 632 551 200 / 100 - 2015/3Q 2016/3Q 3 1 2 140 1 2016 9 / 2 2016 12 / 6

  8. Slide 8: Consolidated income statement

    2015 2016 4-12 4-12 5,788 5,309 -478 4,310 3,929 -380 1,109 1,033 -76 368 346 -21 5,010 4,600 -410 777 709 -68 96 28 159 178 18 108 82 -25 - 54 54 50 40 -10 386 254 -131 225 214 -10 136 - -136 24 40 15 551 632 81 253 321 394 445 50 7

  9. Slide 9: Consolidated balance sheet

    ( ) 2016 2015 3 22,322 21,856 -466 9,482 9,553 70 3,574 3,017 -556 1,018 874 -143 4,410 4,660 249 336 86 734 735 0 3,102 3,015 -86 3,084 3,092 8 25,407 24,949 -457 16,287 15,527 -760 2,365 2,344 -20 18,652 17,871 -781 6,508 6,925 417 157 -157 -315 88 310 221 6,754 7,077 323 D/E 2.4 2.3 (%) 26.2% 27.

  10. Slide 10: Full-year forecast

    2015 2016 2015 2016 2016 7,800 7,130 -670 -8.6% 5,523 5,080 -443 -8.0% 5,220 -140 879 730 -149 -17.0% 415 280 -135 -32.6% 270 10 585 530 -55 -9.5% 401 580 178 44.4% 330 250 400 370 -30 -7.7% 308 510 201 65.5% 260 250 2015 2016 2015 2016 2016 2016 12 1,933 1,570 -363 -18.8% /US$ 120.61 116 105 115 /T

  11. Slide 11: APPENDIX

    APPENDIX 10

  12. Slide 12: APPENDIX

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  13. Slide 13:   茨  

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  14. Slide 14: Ohma nuclear plant development

     2014 12 16   1,383MW ABWR MOX 2016 9 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 13

  15. Slide 15: WS PowER

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  16. Slide 16: WS PowER

    WS PowER |_| dh eS Rt BH Aie VI=Fa—-k FL— hE AEH PARoOMR* Mw8.3 AE MAPASIAME M7.5 BFIL—-+AME BE+BPMASIAME M8.2 REBAMRIICk£SitRz M75 AEM RAH Re F-14 Blck Si M6.7 * : FERK235F (2011 4F) RALMAAT FPMREBEA, =BPABO BACF RSRAOT+BAR Udi SPO FAK O 3B (Mw9.0) [LDUYT, FHDSOBRBELT . DEH 142 143 le room “Te Pals

  17. Slide 17: WS PowER

    WS PowER 2011 \\\8 7 U-Heia : ZRH EFL Mw9. 0 AIAG 748 15K 75 BT PS + Bae _b OD FA eo AA ER - ABEL SY « KLUB SR (LUA BA ER) Sgatcuim | ( } Lok mat 9 BETSY e

  18. Slide 18: Overseas business capacity

    2017 1 MW MW 2,000 680 2,000 34% 680 25 2020 926 232 1 926 25% 232 PJM 2018 MW 8,000 MW 6,000 3,300 - 3,300 4,000 1,785 232 2,016 2,000 2 936 - 936 656 680 1,336 - 6,677 912 7,588 1 2 17

  19. Slide 19: Thailand IPP and SPP projects

    *1 7 SPP*1 • SPP 7 10 kW 790MW • 25 EGAT 110MW 5 120MW 2 • 2016 8 Gulf JP Co., Ltd. 6 CCGT*3 2013 60% 1 45%*2 IPP • 25 EGAT 1,600MW 800MW 2 J-POWER CCGT*3 2014 2016 8 Gulf JP Co., Ltd. Gulf JP Co., Ltd. 60% 40% IPP 100% 60% 1,600MW 800MW 2 CCGT*3 2015 PTT EGAT *1 SPP Small Power Producers (EGAT) 9 k

  20. Slide 20: Overseas IPP projects

    IPP 2014 NK2 2013 10 TLC 2013 3 KP2 2013 2 IPP 2015 KP1 2013 1 CRN 2013 7 NNK 2013 4 NLL 2013 5 19

  21. Slide 21: Consolidated results trend

    2012 2013 2014 2015 2015 3Q 2016 3Q 6,560 7,068 7,506 7,800 5,788 5,309 6,053 6,090 5,881 5,708 4,310 3,929 16 428 1,089 1,559 1,109 1,033 490 549 535 532 368 346 6,014 6,476 6,777 6,921 5,010 4,600 545 591 728 879 777 709 175 223 227 178 159 178 117 163 156 108 108 82 58 59 70 69 50 95 273 414 362

  22. Slide 22: Results trend by segment

    2012 2013 2014 2015 2015 3Q 2016 3Q 5,869 5,828 5,579 5,523 4,185 3,822 -362 5,772 5,729 5,485 5,430 4,111 3,739 -372 5,206 5,167 4,953 4,902 3,715 3,341 -373 566 562 532 527 396 397 1 97 99 93 93 73 83 10 5,436 5,423 5,133 5,107 3,718 3,452 -265 5,347 5,334 5,049 5,023 3,651 3,374 -276 340 298 285

  23. Slide 23: Segment results

    * 2016 3,941 2,387 1,033 154 7,517 -2,207 5,309 3Q 3,929 204 1,033 141 5,309 - 5,309 323 45 255 6 630 1 632 2015 4,322 2,455 1,109 155 8,043 -2,254 5,788 3Q 4,310 226 1,109 141 5,788 - 5,788 386 69 81 4 541 9 551 -380 -68 -76 -1 -526 47 -478 -380 -21 -76 0 -478 - -478 -63 -23 173 2 88 -7 81 J-POWER

  24. Slide 24: Cash flow and capital expenditure

    2012 2013 2014 2015 2015 3Q 2016 3Q 1,197 1,221 1,478 1,461 939 592 451 427 615 584 551 632 894 815 778 734 538 371 -1,703 -1,773 -1,429 -1,315 -904 -871 -1,002 -957 -879 -375 -308 -135 * -662 -865 -611 -1,063 -690 -723 -505 -552 48 145 34 -279 CF 2,000 1,500 1,000 500 - 2012 2013 2014 2015 * 23

  25. Slide 25: Key financial data

    2012 2013 2014 2015 2015 3Q 2016 3Q 6,560 7,068 7,506 7,800 5,788 5,309 545 591 728 879 777 709 448 400 593 585 551 632 298 286 432 400 394 445 21,699 23,852 26,591 25,407 25,466 24,949 4,646 5,126 5,069 4,410 4,745 4,660 4,539 5,162 6,887 6,665 6,796 6,767 4,538 5,194 6,962 6,754 6,876 7,077 15,230

  26. Slide 26: Hydroelectric power generation

     2015 4 - 2015 12  2016 4 - 2016 12 78 74 414 kWh 395 kWh * 25

  27. Slide 27: Thermal power generation

     2015 4 - 2015 12  2016 4 - 2016 12 109 93 79 kWh 65 kWh 26

  28. Slide 28: Wind power generation

     2015 4 - 2015 12 5.0 kWh  2016 4 - 2016 12 5.2 kWh 27

  29. Slide 29: Capacity utilization rates by plant

    200% 150% 100% 50% 0% 4 5 6 7 8 9 10 11 12 1 2 3 4 - 12 76% 76% 80% 60% 85% 86% 137% 93% 84% 82% 106% 86% 77% 81% 86% 104% 108% 114% 105% 95% 104% 106% 104% 85% 110% 79% 97% 139% 109% 104% 98% 84% 78% 77% 86% 101% 111% 113% 102% 93% 28

  30. Slide 30: http://www.jpower.co.jp/

    http://www.jpower.co.jp/ 29

Electric Power Development Co., Ltd. (J-POWER) — Q3 FY2016 Earnings Presentation on 6ix