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

Electric Power Development — Q2 FY2017 Earnings Presentation

31 slides from Electric Power Development's earnings presentation, Oct 31, 2016

  1. Slide 1: FY2017 Q2 Financial Results Presentation

    2017 3 W POWER 2016 10 31

  2. Slide 2: kWh

    SW PowER kWh

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

    mo Aa &A A&A & &

  4. Slide 4: Summary of Consolidated Results

    2015 2016 4,000 3,466 -533 -13.3% 590 431 -159 -26.9% 499 365 -134 -26.9% 367 271 -95 -25.9% 2015 2016 2,930 2,467 -463 -15.8% 394 221 -172 -43.8% 380 363 -16 -4.4% 284 314 30 10.5% 2015 2016 1,124 851 -273 -24.3% * 3

  5. Slide 5: Electric power sales and generation

    [ ] 2015 2016 kWh 340 294 -45 -13.4% 59 45 -14 -23.7% 277 245 -31 -11.3% 2 2 -0 -2.0% 57 79 21 37.4% [ ] 109% 88% - 21 79% 70% - 9 *1 *2 4

  6. Slide 6: Revenues and exchange rates

    2015 2016 4,000 3,466 -533 -13.3% 2,999 2,530 -469 -15.6% 2,742 2,270 -471 -17.2% 244 245 0 0.1% 753 718 -34 -4.6% 247 217 -30 -12.2% /US$ 121.87 105.20 /THB 6 3.62 2.93 THB/US$ 6 33.78 35.18 *1 *2 5

  7. Slide 7: Ordinary income analysis

    75 500 75 400 40 10 +50 20 25 70 65 90 300 499 200 365 100 - / 2015/2Q 2016/2Q 2 6

  8. Slide 8: Consolidated income statement

    2015 2016 4-9 4-9 4,000 3,466 -533 2,999 2,530 -469 753 718 -34 247 217 -30 3,409 3,034 -374 590 431 -159 172 13 114 112 -1 74 52 -22 - 34 34 40 26 -14 205 178 -26 152 144 -8 37 - -37 15 34 19 499 365 -134 16 146 367 271 -95 7

  9. Slide 9: Consolidated balance sheet

    ( ) 2016 2015 2 22,322 21,679 -642 9,482 9,591 109 3,574 3,072 -502 1,018 879 -138 4,410 4,510 99 131 31 734 734 0 3,102 2,891 -211 3,084 3,136 52 25,407 24,816 -590 16,287 15,686 -601 2,365 2,299 -65 18,652 17,985 -667 6,508 6,818 310 157 -269 -426 88 281 192 6,754 6,830 76 D/E 2.4 2.4 (%) 26.2% 26

  10. Slide 10: Earnings forecast for FY2017

    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 35 35 70 2016 35 35 70 1,933 1,570 -363 -18.8% • 9

  11. Slide 11: Forecast of electric power sales and assumptions

    2015 2016 2016 kWh 673 630 -42 -6.4% 639 -9 103 84 -18 -18.2% 93 -9 562 537 -24 -4.4% 538 -0 7 8 0 7.7% 8 -0 138 115 -23 -16.8% 78 36 2015 2016 2016 111% 90% 100% 80% 76% 77% 12 /US$ 120.61 105 115 /THB 3.34 2.9 3.2 THB/US$ 36.09 36.09 36.09 /US$ 120.15 105 115 *1 *2 10

  12. Slide 12: APPENDIX

    APPENDIX 11

  13. Slide 13: APPENDIX

    APPENDIX SW PowER viovVwvweoveoe vo yGW wy wyYF WY YW YW WH

  14. Slide 14:   茨  

      茨   13

  15. Slide 15: Nuclear power projects

     2014 12 16   1,383MW ABWR MOX 2016 9 12 5 10 2008 2009 2010 2011 2012 2013 2014 2015 4 3 14

  16. Slide 16: WS PowER

    WS PowER |_| v 2018 2023 v 1,300 Peace SESE BABS | BRECK, BH HEROS | AAMT EBESEEOR REG REROME | | tok MaOkeit TTMBELAVV SRA FOB BBW ERA BST ME BID OM Rt *ME oe —- 44> I PIAS I bORa I b-e emit Reet ow / # = N= are , ! set ne weapaaicetin |B + pe” xs PAM ACTP.H1nt ra BREE 7 ' +r ATE ay H — ln H it | T

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: Overseas power generation capacity

    2016 9 MW MW 2,000 680 2,000 34% 680 25 2020* MW 8,000 MW 6,000 3,300 - 3,300 4,000 1,442 - 1,442 910 - 910 2,000 656 680 1,336 6,308 680 6,988 - '08 '09 '10 '11 '12 '13 '14 '15 18

  20. Slide 20: Thailand SPP and IPP 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

  21. Slide 21: 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 20

  22. Slide 22: Consolidated income statement trend

    2012 2013 2014 2015 2015 2Q 2016 2Q 6,560 7,068 7,506 7,800 4,000 3,466 6,053 6,090 5,881 5,708 2,999 2,530 16 428 1,089 1,559 753 718 490 549 535 532 247 217 6,014 6,476 6,777 6,921 3,409 3,034 545 591 728 879 590 431 175 223 227 178 114 112 117 163 156 108 74 52 58 59 70 69 40 60 273 414 362 472 2

  23. Slide 23: Non-consolidated income statement trend

    2012 2013 2014 2015 2015 2Q 2016 2Q 5,869 5,828 5,579 5,523 2,930 2,467 -463 5,772 5,729 5,485 5,430 2,873 2,416 -456 5,206 5,167 4,953 4,902 2,608 2,148 -459 566 562 532 527 265 267 2 97 99 93 93 57 51 -6 5,436 5,423 5,133 5,107 2,536 2,245 -290 5,347 5,334 5,049 5,023 2,484 2,198 -285 340 298 285

  24. Slide 24: Results by segment

    * 2016 2,538 1,544 718 93 4,895 -1,429 3,466 2Q 2,530 129 718 87 3,466 - 3,466 167 14 174 5 362 2 365 2015 3,007 1,543 753 107 5,411 -1,411 4,000 2Q 2,999 150 753 96 4,000 - 4,000 335 34 116 4 490 9 499 -469 1 -34 -13 -515 -18 -533 -469 -21 -34 -8 -533 - -533 -167 -19 58 0 -127 -7 -134 J-POWER IPP *

  25. Slide 25: Cash flow

    2012 2013 2014 2015 2015 2Q 2016 2Q 1,197 1,221 1,478 1,461 508 269 451 427 615 584 499 365 894 815 778 734 357 245 -1,703 -1,773 -1,429 -1,315 -369 -538 -1,002 -957 -879 -375 -192 -94 * -662 -865 -611 -1,063 -535 -426 -505 -552 48 145 138 -269 CF 2,000 1,500 1,000 500 - 2012 2013 2014 2015 * 24

  26. Slide 26: Financial data summary

    2012 2013 2014 2015 2015 2Q 2016 2Q 6,560 7,068 7,506 7,800 4,000 3,466 545 591 728 879 590 431 448 400 593 585 499 365 298 286 432 400 367 271 21,699 23,852 26,591 25,407 26,158 24,816 4,646 5,126 5,069 4,410 4,716 4,510 4,539 5,162 6,887 6,665 7,074 6,549 4,538 5,194 6,962 6,754 7,171 6,830 15,230

  27. Slide 27: Electricity sales volume

     2015 4 - 2015 9  2016 4 - 2016 9 79 70 277 kWh 245 kWh * 26

  28. Slide 28: Electricity sales volume

     2015 4 - 2015 9  2016 4 - 2016 9 109 88 59 kWh 45 kWh 27

  29. Slide 29: Water supply and power generation data

     2015 4 - 2015 9 2.9 kWh  2016 4 - 2016 9 2.8 kWh 28

  30. Slide 30: Utilization and capacity factors

    200% 150% 100% 50% 0% 4 5 6 7 8 9 10 11 12 1 2 3 4 -9 76% 76% 80% 60% 85% 86% 76% 106% 86% 77% 81% 86% 104% 89% 104% 106% 104% 85% 110% 79% 98% 98% 84% 78% 77% 86% 101% 86% 29

  31. Slide 31: http://www.jpower.co.jp/

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

Electric Power Development Co., Ltd. (J-POWER) — Q2 FY2017 Earnings Presentation on 6ix