Tokyo Electric Power Company Holdings, Incorporated · TSE:9501
Tokyo Electric Power — Q1 FY2007 Earnings Presentation
31 slides from Tokyo Electric Power's earnings presentation, Aug 1, 2007
Slide 1: FY2007 1st Quarter Financial Results Presentation Materials
FY2007 1 Quarter Financial Results st (April 1, 2007 – June 30, 2007) Presentation Materials August 1, 2007 Tsunehisa Katsumata President Tokyo Electric Power Company The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007
Slide 2: Regarding Forward-Looking Statements (Performance Projections)
Regarding Forward-Looking Statements (Performance Projections) Certain statements in the following presentation regarding Tokyo Electric Power Company’s business operations may constitute “forward-looking statements.” As such, these statements are not historical facts but rather predictions about th
Slide 3: Impact of the Niigataken Chuetsu-oki Earthquake and Revised Performance Projections
2 I. Impact of the Niigataken Chuetsu-oki Earthquake in 2007 on Kashiwazaki-Kariwa Nuclear Power Station and Revised Performance Projections The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007
Slide 4: Power Plant Status
Power Plant Status 33 Reactors 2, 3, 4 and 7 shut down automatically when the earthquake occurred. All 7 reactors (total output of 8,212MW) are now safely shut down. Visual inspection has not revealed any significant damage to equipment with respect to safety. Detailed inspections are now being
Slide 5: Events Resulting from Earthquake (1-A)
Events Resulting from Earthquake (1-A) 44 1. Fire in transformer of Reactor 3 Chronology July 16 10:13 Earthquake occurs 10:15 A patrol following the earthquake discovers smoke Initial firefighting activities begin 4 people 10:27 Shift supervisor contacts fire department local firefighters request
Slide 6: Events Resulting from Earthquake (1-B)
Events Resulting from Earthquake (1-B) 55 The secondary transformer connector bus (right) of the transformer (left) is sagging. Firewall Reactor 3 building Firewall Secondary duct House transformer Connecting bus bar Sagging connector bus The Tokyo Electric Power Company, Inc. All Rights Reserved ©2
Slide 7: Events Resulting from Earthquake (2-A)
Events Resulting from Earthquake (2-A) 66 2. Release of radioactive water into the ocean due to leakage of water from Reactor 6 Chronology The puddle of water in the uncontrolled area was below the volume requiring a report. Therefore, the puddle of water July 16 12:50 Leakage of water confirmed i
Slide 8: Events Resulting from Earthquake (2-B)
Events Resulting from Earthquake (2-B) 77 Reactor building Uncontrolled area Controlled area Pool overflows due to shaking from earthquake 4th floor Puddle of water Mid 3rd floor Puddle of water Point of discharge 3rd floor Drain outlet Cause now under investigation. Spent fuel pool Fuel exchange Ou
Slide 9: Events Resulting from Reactor Shutdown (1)
Events Resulting from Reactor Shutdown (1) 88 3. Monitoring of the main exhaust stack of Reactor 7 detected radioactive substances Chronology On July 17, the scheduled weekly measurement of the main exhaust stack detected radioactive iodine and particulate matter (chromium-51 and cobalt-60). Radi
Slide 10: Events Resulting from Reactor Shutdown (2)
Events Resulting from Reactor Shutdown (2) 99 Active even after the plant shut Building ventilation down Reactor building Turbine building Nuclear Filter Reactor 7 reactor Turbine gland steam ventilator Main Main exhaust Turbine stack stack monitoring Condenser office Filter Turbine gland steam exha
Slide 11: Improvement Plan
Improvement Plan 10 10 We will implement required countermeasures at Kashiwazaki-Kariwa Nuclear Power Station as well as at Fukushima Daiichi and Daini nuclear power stations. 1. Strengthen local firefighting crews Establish a 24-hour system for firefighting crews Equip crews with chemical firefight
Slide 12: Post-Earthquake Evaluation of Earthquake Resistance and Safety
Post-Earthquake Evaluation of Earthquake Resistance and Safety 11 11 Inspect and restore facilities and confirm soundness Exterior visual inspection of main equipment completed July 19 confirmed absence of major damage. Future facility inspections Quickly inspect and strengthen equipment that
Slide 13: Schedule for Evaluating the Impact of Earthquake Resistance and Safety
Schedule for Evaluating the Impact of Earthquake Resistance and Safety 12 12 Month Evaluation Task 7 8 9 10 11 12 1~ Compile and analyze observed earthquake data Evaluate earthquake resistance Exterior visual inspection of and safety during the latest primary facilities (1 plant) earthquake Inspect
Slide 14: Short-term Supply and Demand Outlook (1)
Short-term Supply and Demand Outlook (1) 13 13 1. Supply and Demand Conditions and Outlook Projected maximum demand for electricity this summer is 61.10 GW Secure supply capacity of 62.45 GW (spare capacity margin of 2.2%) Outlook: TEPCO can maintain stable supply Monthly Supply and Demand Outlo
Slide 15: Short-term Supply and Demand Outlook (2)
Short-term Supply and Demand Outlook (2) 14 14 2. Countermeasures for Supply Capacity and Demand Additional Supply Capacity (Unit: GW) Countermeasures August September Operation of power plants for increased output, etc. 2.08 1.80 Purchases from other electric power companies 1.66 1.56 Purchases fro
Slide 16: Performance Outlook for FY2007 1
Performance Outlook for FY2007 1 15 15 Impact of the Shutdown of Kashiwazaki-Kariwa Nuclear Power Station All 7 units’ shutdown for a year is set forth as a premise Decrease in nuclear power generation by approx. 40.0 billion kWh (compared to our initial plan) How to compensate the supply : po
Slide 17: Performance Outlook for FY2007 2
Performance Outlook for FY2007 2 16 16 Performance Outlook for FY2007 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) Operating revenues Operating income Ordinary income Net income 5,445 250 130 65 Present projection 5,165 210 80 40 5,400 530 4
Slide 18: Key Factors Affecting Performance and Financial Impact
Key Factors Affecting Performance and Financial Impact 17 17 Key Factors Affecting Performance FY2007 FY2007 projection FY2006 actual 1st quarter present (initial) 1st quarter FY2006 Foreign exchange rate (Interbank; yen per dollar) 120.82 approx.120 (120) 114.51 116.98 Crude oil prices (All Japan C
Slide 19: Outline of the Niigataken Chuetsu-oki Earthquake in 2007 (Reference 1)
Outline of the Niigataken Chuetsu-oki Earthquake in 2007 (Reference 1) 18 18 Occurred at 10:13 JST 16 JULY 2007 Epicenter South off Niigata prefecture Latitude: 37.3N, Longitude:138.4E Depth:17km Magnitude: 6.8 Seismic Intensity Levels Upper 6 JMA Seismic Intensity Epicentral distance approx
Slide 20: Outline of Kashiwazaki-Kariwa Nuclear Power Station (Reference 2)
Outline of Kashiwazaki-Kariwa Nuclear Power Station (Reference 2) 19 19 Location : Kashiwazaki-shi and Kariwa-mura, Niigata Pref. Plant Capacity : 8,212MW (as of March 31, 2007) cf. TEPCO Capacity : 61,835MW Overall view of Niigata The Units of Kashiwazaki-Kariwa Nuclear Power Station Unit NO. O
Slide 21: Notes on Earthquake Observation Records (Reference 3)
Notes on Earthquake Observation Records (Reference 3) 20 20 Earthquake Motion Observed at Kashiwazaki-Kariwa Nuclear Power Station Records of Observations at Units (Unit: Gal) Lowest level Unit NO. North to South East to West Vertically (Reference) NO.1 311 274 680 273 408 235 B5F NO.2 304 167 606 1
Slide 22: Revised Earthquake-resistant Design Assessment Standards (Reference 4)
Revised Earthquake-resistant Design Assessment Standards (Reference 4) 21 21 Revised Earthquake-resistant Design Assessment Standards Item Current guideline Revised guideline Reason for revision To achiev e precise measurement and recording Ev aluation of earthquake mov ement Ground mov ement standa
Slide 23: Summary of Financial Results for the First Quarter of Fiscal Year 2007
22 . Summary of Financial Results for the First Quarter of Fiscal Year 2007 (Three Months Ended June 30, 2007) The Tokyo Electric Power Company, Inc. All Rights Reserved ©2007
Slide 24: FY2007 1Q Results Summary (Consolidated and Non-consolidated)
FY2007 1Q Results Summary (Consolidated and Non-consolidated) 23 23 (Upper and lower rows show consolidated and non-consolidated figures, respectively) (Unit: Billion yen) 1st quarter 1st quarter Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Electricity sales volume (Billion kWh) 68.9 67.4 1.
Slide 25: Revenues Breakdown (Non-consolidated)
Revenues Breakdown (Non-consolidated) 24 24 Revenues Breakdown (Unit: Billion yen) 1st quarter 1st quarter Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary revenues 1,197.9 1,168.8 29.1 102.5 Operating revenues 1,189.3 1,160.3 28.9 102.5 Increase in electricity sales Electric power oper
Slide 26: Expenses Breakdown (Non-consolidated)
Expenses Breakdown (Non-consolidated) 25 25 Expenses Breakdown (Unit: Billion yen) 1st quarter 1st quarter Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Ordinary expenses 1,169.5 1,103.0 66.4 106.0 Operating expenses 1,133.4 1,064.6 68.7 106.5 Electric power operating expenses 1,123.6 1,043.4
Slide 27: Year-on-Year Comparison of Ordinary Expenses – 1 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 1 (Non-consolidated) 26 26 Personnel expenses (¥110.8 billion to ¥105.8 billion) -¥4.9 billion Retirement benefits -¥5.8 billion Decrease in retired persons, etc. -¥5.8 billion Fuel expenses (¥221.6 billion to ¥303.5 billion) +¥81.8 billion Consumption
Slide 28: Year-on-Year Comparison of Ordinary Expenses – 2 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 2 (Non-consolidated) 27 27 Depreciation expenses (¥178.3 billion to ¥180.8 billion) +¥2.5 billion Generation related (¥70.5 billion to ¥74.0 billion) +¥3.5 billion Hydroelectric power (¥12.5 billion to ¥12.0 billion) -¥0.5 billion Thermal power (¥34.7 b
Slide 29: Year-on-Year Comparison of Ordinary Expenses – 3 (Non-consolidated)
Year-on-Year Comparison of Ordinary Expenses – 3 (Non-consolidated) 28 28 Other expenses (¥128.9 billion to ¥139.7 billion) +¥10.7 billion Demand expansion and promotion expenses (¥6.6 billion to ¥8.6 billion) +¥1.9 billion Loss on disposal of property, plant and equipment (¥13.1 billion to ¥15.0 bi
Slide 30: Gas Business Company Results
Gas Business Company Results 29 29 Gas Business Company (Unit: Billion yen) 1st quarter 1st quarter Comparison FY2007 (A) FY2006 (B) (A)-(B) (A)/(B) (%) Operating revenues 8.4 5.0 3.3 167.2 Operating income 0.8 0.6 0.1 117.7 Gas sales volume 162,000 tons 108,000 tons The Tokyo Electric Power Company
Slide 31: Total Power Generated and Purchased, Electricity Sales Volume and Average Monthly Temperature
Total Power Generated and Purchased, Electricity Sales Volume and Average 30 30 Monthly Temperature Total Power Generated and Purchased Average Monthly Temperature (Units: Billion kWh, % ) 1st quarter (Unit: ) April May June FY2007 April May June Total power generated and purchased 24.27 24.20 25.72
Tokyo Electric Power Company Holdings — Q1 FY2007 Earnings Presentation on 6ix