Electric Power Development Co., Ltd. · TSE:9513
Electric Power Development — FY2010 Earnings Presentation
18 slides from Electric Power Development's earnings presentation, Apr 28, 2011
Slide 1: 2011 2011 2011
2011 3 22 2011 2011 44 28 28
Slide 2: J-POWER
WS POWER kWh
Slide 3: . 2011 . 2012 13 4 14 4 15 4 16 2
. 2011 3 22 4 4 4 5 4 6 4 7 4 8 4 9 4 10 . 2012 3 23 4 12 4 13 4 14 4 15 4 16 2
Slide 4: FY2010 results
WS POWER 2011 3 22
Slide 5: 2010 2009 * % % 6,310 6,359 5,844 8.8% 0.8% 5,810 5,832 5,304 527
4 4 4 2010 2009 * % % 6,310 6,359 5,844 514 8.8% 49 0.8% 5,810 5,832 5,304 527 9.9% 22 0.4% 620 705 489 216 44.2% 85 13.9% 550 626 409 217 53.1% 76 13.9% 490 563 416 146 35.1% 73 14.9% 360 431 237 193 81.5% 71 20.0% 200 195 291 -95 -32.8% -4 -2.1% 130 147 163 -15 -9.7% 17 13.7% 2010 35 35 70 * 2011
Slide 6: kWh IPP PPS IPP PPS
2010 2009 (%) kWh 658 572 85 15.0% 4 102 92 10 11.4% -8 540 465 75 16.2% 9 2009 9 IPP PPS 14 14 -0 -1.1% 6,359 5,844 514 8.8% 9 1,081 1,089 -8 -0.8% 4 4,064 3,496 567 16.2% +567 IPP PPS 137 147 -10 -7.0% 9 543 544 -0 -0.1% 9 532 566 -33 -6.0% (%) 106% 96% 10 ― (%) 78% 68% 10 ― /US$ 86 93 -7 ― 5
Slide 7: IPP
+216 +146 * 2009 …(a) 416 416 +60 +60 0 +50 +70 ▲ 20 +180 +85 +95 ▲ 15 ▲ 30 +15 CO2 ▲ 25 ▲ 25 0 ▲ 35 ▲ 30 ▲5 ▲ 25 ▲ 30 +5 ▲ 45 ▲ 25 ▲ 20 …(b) +145 +75 +70 2010 …(a)+(b) 563 490 +73 -95 8 - 37 8 IPP - 45 8 - 92 * 2011 1 31 6
Slide 8: 2010 2009 6,359 5,844 5,844 5,302 -26 5,653 5,355 298 5,091 4,786 304 313
2010 2009 6,359 5,844 514 5,844 5,302 541 515 541 -26 5,653 5,355 298 5,091 4,786 304 313 362 -49 2,142 1,780 362 460 444 15 314 320 -5 1,069 1,160 -91 790 716 73 562 568 -6 705 489 216 149 187 -37 90 117 -26 58 70 -11 292 259 32 223 230 -7 68 28 39 563 416 146 7
Slide 9: IPP PPS
2010 2009 5,875 5,334 541 10% 3,346 2,890 456 16% 18 15 3 19% 261 313 -51 -17% 9,502 8,553 949 11% -3,143 -2,708 -434 -16% 6,359 5,844 514 9% 418 223 195 87% 104 115 -10 -10% 50 65 -14 -22% -15 16 -31 557 419 138 33% 5 -2 8 563 416 146 35% IPP PPS * 8
Slide 10: Cash flow
4 +50 200 +265 130 2010 2009 A 1,512 1,691 -179 B -1,246 -1,295 48 -291 -303 11 A+B) 265 396 -130 9
Slide 11: 20.4% 20.7% 2010 2009 18,426 18,798 -371 11,784 12,266 -481 649 496 153 3,016
4 116 4 20.4% 20.7% 2010 2009 18,426 18,798 -371 11,784 12,266 -481 649 496 153 3,016 3,097 -80 466 386 80 2,508 2,551 -42 1,697 1,442 254 20,123 20,240 -116 14,290 14,525 -234 1,684 1,565 118 15,974 16,090 -116 8 23 -31 4,157 4,126 30 4,148 4,149 -0 20,123 20,240 -116 D/E 3.4 3.5 20.7% 20.4% 10
Slide 12: FY2011 forecast
WS POWER 2012 3 23 11
Slide 13: 2011 2010 (%) 6,420 6,359 0.9% 6,010 5,832 3.0% 80 705 -225 -32.0% 420
4 4 2011 2010 (%) 6,420 6,359 60 0.9% 6,010 5,832 177 3.0% 480 705 -225 -32.0% 420 626 -206 -33.0% 400 563 -163 -29.0% 270 431 -161 -37.5% 260 195 64 32.8% 170 147 22 15.0% 2011 35 35 70 12
Slide 14: kWh /US$
2011 2010 (%) kWh 608 658 -49 -8% 4 - 11 95 102 -7 -7% 9 500 540 -40 -8% 4 6,420 6,359 60 1% +165 1,070 1,081 -11 -1% 9 4,230 4,064 165 4% 100% 106% -6 ― 72% 78% -6 ― /US$ 85 86 -1 ― 13
Slide 15: -225 -163 +60 0 2010 2011 14
-225 -163 600 30 500 80 25 400 70 +60 20 300 563 200 400 100 0 2010 2011 14
Slide 16: 2011 3,738MW 2011 / ‘10 4,000 96MW 3,500 140 4 113 ‘10 7 3,000
4 2011 3 6 3,738MW 4 2011 100 / 4 ‘10 6 4,000 160 96MW 3,500 140 4 113 ‘10 7 3,000 120 1,600MW 2,500 93 100 85 PPA 78 2,000 80 ‘10 10 SPP 7 780MW 1,500 60 EPC 1,000 40 500 20 / / 2009 92 2.8 0 0 2010 81 2.7 '07 '08 '09 '10 '11 2011 85 2.8 * 2011 15
Slide 17: 42011 2,000 1,563 1,234 1,154 1,120 1,016 1,000 265 18 0 211 162 300
42011 300 2,000 1,563 1,234 1,154 1,120 1,016 1,000 396 262 265 18 0 211 162 300 (1,000) (a) (b) (a)+(b) (2,000) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 * 2011 16
Slide 18: http://www.jpower.co.jp/
http://www.jpower.co.jp/ 17
Electric Power Development Co., Ltd. (J-POWER) — FY2010 Earnings Presentation on 6ix