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

Electric Power Development — Investor Presentation (May 2011)

37 slides from Electric Power Development's investor presentation, May 2011

  1. Slide 1: J-POWER

    WS Power

  2. Slide 2: WS Power

    WS Power

  3. Slide 3: Financial data (EBITDA)

    5,732 5,877 7,049 5,844 6,359 [EBIT DA] 1 2,002 1,657 1,717 1,692 1,822 771 507 571 489 705 555 428 395 416 563 351 293 194 291 195 4,611 4,663 3,801 4,126 4,157 19,997 20,131 20,054 20,240 20,123 14,215 14,238 14,707 14,525 14,290 1,572 1,362 1,586 1,691 1,512 -1,554 -1,525 -1,323 -1,295 -1,246 -21

  4. Slide 4: Financial indicators and fuel prices

    -2. 9.7% 7.3% 5.6% 7.1% 8.9% (%) 23.1% 23.2% 19.0% 20.4% 20.7% / 3.1 3.1 3.9 3.5 3.4 E(%) 1 7.9% 6.3% 4.6% 7.4% 4.7% (%) 2 2.8% 2.1% 2.0% 2.1% 2.8% ( ) 211.14 175.99 121.65 194.26 130.51 ( ) 2,768.95 2,800.18 2,533.28 2,750.20 2,770.77 1 ROE= / 2 ROA= / t) 1,857 2,023 1,940 1,814 2,114 (%) 75% 81% 7

  5. Slide 5: Power generation and capacity data

    ( kWh) 58,672 60,786 57,532 55,760 64,353 10,633 8,287 8,384 9,214 10,267 48,039 52,499 49,147 46,546 54,086 1,657 1,682 1,616 1,477 1,462 60,329 62,469 59,148 57,238 65,815 4,500 4,572 5,712 4,586 5,146 1,234 1,145 1,109 1,089 1,081 3,265 3,427 4,603 3,496 4,064 168 177 200 147 137 551 549 554 544

  6. Slide 6: Income statement details

    -4. 5,732 5,877 7,049 5,844 6,359 5,237 5,317 6,483 5,302 5,844 494 560 565 541 515 4,961 5,370 6,478 5,355 5,653 4,444 4,778 5,888 4,786 5,091 272 377 436 362 313 1,498 1,915 2,643 1,780 2,142 411 304 514 444 460 317 302 332 320 314 1,185 1,103 1,101 1,160 1,069 758 774 859 716 790 516 591 590 568

  7. Slide 7: IPP and PPS market

    *1) 2008 2 *2) 2010 2009 2 * IPP PPS 5

  8. Slide 8: WS Power

    WS Power

  9. Slide 9: Electricity demand comparison

    -7. 2009 4 - 2010 3 2010 4 - 2011 3 68 78 465 kWh 540 kWh 7

  10. Slide 10: Electricity demand comparison

    -8. 4 2009 4 - 2010 3 4 2010 4 - 2011 3 96 106 92 kWh 102 kWh 8

  11. Slide 11: IPP PPS

    IPP PPS 2009 4 - 2010 3 14 kWh 2010 4 - 2011 3 15 kWh 9

  12. Slide 12: Price trends 2000-2012

    1,800 * 11 1,500 1,200 900 600 300 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 E (E) 9 9 9 9 10

  13. Slide 13: Trends 2000-2012

    2,150 2000 1,669 1,554 1,525 1,295 1,500 1500 1,323 1,246 1000 772 723 645 605 500 110 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 * * 11 11

  14. Slide 14: ROA

    ROA 9 9 ROA 12

  15. Slide 15: WS Power

    WS Power

  16. Slide 16: Power generation assets 21,550MW

    4 4 21,550MW 21,550MW (2011 (2011 33 * (%) 2011 3 (MW) (MW) 67 16,993 16,993 78.9 95.4 IPP PPS 6 844 496 2.3 2.8 18 352 323 1.5 1.8 91 18,190 17,811 82.7 100.0 9 2,770 1,020 4.7 27.3 10 4,486 1,486 6.9 39.8 5 6,266 578 2.7 15.5 5 1,446 653 3.0 17.5 29 14,968 3,738 17.3 100.0 120 33,158 21,550 100.0

  17. Slide 17: 2013-2015 schedule

    9 9 9 9 2013 9 9 9 2014 9 9 9 9 2015 9 14

  18. Slide 18: IPP and SPP capacity outlook

    MW 10,000 IPP 1,600MW 90% 8,000 IPP 1,600MW 90% SPP 7 780MW 90% 6,000 4,000 2,000 0 2010 2011 2012 2013 2014 2015 2011 15

  19. Slide 19: WS Power

    WS Power 2011 3 (2011 3

  20. Slide 20: WS Power

    WS Power (2011 3 (2011 3 17

  21. Slide 21: -5 2011

    -5 9 9 2011 3 18

  22. Slide 22: Plant list

    2011 3 (kW) (kW) 14,850 49% 7,277 2001 30,600 100% 30,600 2000 4,500 100% 4,500 2000 12,000 100% 12,000 2005 21,000 100% 21,000 2003 24,750 67% 16,583 2001 28,000 97% 27,160 2010 65,980 100% 65,980 2006 1,700 100% 1,700 2002 34,000 100% 34,000 2010 22,000 100% 22,000 2004 1,980 100% 1,980 2003 20,00

  23. Slide 23: J-POWER

    WS Power J-POWER 20

  24. Slide 24: WS Power

    WS Power 21

  25. Slide 25: IPP SPP

    2008 2 1 2008~2010 4,700 * IPP SPP 22

  26. Slide 26: WS Power

    WS Power

  27. Slide 27: WS Power

    > 4 » WS Power 23

  28. Slide 28: CO2 emissions outlook

    CO2 CO CO22 33 CO CO22 CO2 2008 2030 2008 2030 41% 43% 30% 33% IEA World Energy Outlook 2010 : 2010 24

  29. Slide 29: Fossil power efficiency (LHV)

    LHV Ecofys International Comparison of Fossil Power Efficiency and IEA World Energy Outlook 2010 : CO2 Intensity 2010 25

  30. Slide 30: 26

    26

  31. Slide 31: CO2 emissions comparison

    CO2 CO2 13.5 13.5 2007 2007 CO2 CO2 288 288 55 CO2 CO2 CO2 2007 (Mt-CO2) 732 2000 404 404 732 1500 217 13.5 1000 500 217 27 0 BP BP BP BP IEA World Energy Outlook 2009 Ecofys International Comparison of Fossil Power Efficiency and CO2 Intensity 2010 27

  32. Slide 32: Plant history and capacity

    1 1 2 3 250MW 350MW 700MW 1967 1974 1983 1 600MW 2014 2020 28

  33. Slide 33: HHV

    WS POWER HHV 29

  34. Slide 34: Clean coal technology roadmap CCS

    ¾ 2020 y +CCS ¾ 2016 • CCS IGFC • 9 ¾ 2008 2013 • ] 2011 2013 • [ ] 2007 2008 • [ ] 30

  35. Slide 35: IGCC, IGFC and CO2 capture projects

    CO2 /NEDO 150 / IGFC/ 2001 2009 EAGLE 9 / / 1,700 / 250MW IGCC 2007 2010 /NEDO 1,000Nm3/h CO2 20 t-CO2/ EAGLE 2008 2013 IHI / CO2 30MW CO2 30,000 t-CO2/ 2011 2013 / 1,750Nm3/h CO2 10 t-CO2/ 2007 2008 31

  36. Slide 36: IGCC

    4 4 IGCC IGCC 2016 2016 4 4 32

  37. Slide 37: http://www.jpower.co.jp/ http://www.jpower.co.jp/

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

Electric Power Development Co., Ltd. (J-POWER) — Investor Presentation (May 2011) on 6ix