Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q1 FY2024 Earnings Presentation
20 slides from Chubu Electric Power Company,incorporated's earnings presentation, Jul 31, 2024
Slide 1: Presentation Materials for Three-Months ended June 30, 2024
Presentation Materials for Three-Months ended June 30, 2024 July 31, 2024
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Three-Months ended June 30, 2024 Summary of Financial Results ･･･････････････ 1 Summary of Financial Results by Segments ･･･････････････ 4 Electrical Power Generation ･･･････････････ 8 [Reference] Image of Time Lag (Result) ･･･････････････ 9 Summary of Forec
Slide 3: Outline of Financial Results for Three-Months ended June 30, 2024
Outline of Financial Results for Ⅰ Three-Months ended June 30, 2024 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2024 represents the fiscal year begun on April 1, 2024, and ending on March 31, 2025. 1st Quarter (1Q) represents three months period ended Ju
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 820.5 billion yen Operating revenues decreased by 77.0 billion yen compared with 2023/1Q, mainly due to a decrease in fuel cost adjustment charge (-121.1 billion yen*). * including subsidiary aid for
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues decreased by 77.0 billion yen) (Billion yen) 10,000 1,000.0 A decrease in fuel cost adjustment charge, etc.* 9,000 900.0 -121.1 Others 8,000 800.0 44.1 7,000 700.0 897.6 820.5 6,0
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income decreased by 118.0 billion yen) (Billion yen) 3,000 300.0 Time lag income 2,500 250.0 2,000 200.0 -84.0 Miraiz (98.0→14.0) (Excluding time lag) JERA 1,500 (Excluding 150.0 Others -37.2
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2024/1Q 2023/1Q Change (A) (B) (A-B) (A-B)/B Miraiz 655.5 742.1 (86.6) (11.7) Power Grid 195.0 200.3 (5.2) (2.6) Other (*1) 214.8 203.9 10.9 5.4 Adjustment (244.8) (248.7) 3.9 (1.6) Total 820.5 897.6 (77.0) (8.6) [Ord
Slide 8: Summary of Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income/loss> ■ Ordinary income decreased by 53.2 billion yen compared with 2023/1Q, mainly due to a decrease in the percentage of power procurement through the wholesale power trading market, etc. [Refer
Slide 9: Summary of Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid <Factors contributing to change in Ordinary income> Ordinary income decreased by 17.2 billion yen compared with 2023/1Q, mainly due to an increase in supply and demand adjustment costs in spite of an increase in transmission revenue by an incr
Slide 10: Summary of Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income> Ordinary income decreased by 43.0 billion yen compared with 2023/1Q, mainly due to a decrease of the time lag gain. [Reference] Ordinary income excluding time lag: Approx. 32.0 billion yen (increas
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Same as 2023/1Q ■ Renewable energy Same as 2023/1Q (TWh,%) Change 2024/1Q 2023/1Q (A) (B) (A-B) (A-B)/B Hydro 3.2 3.1 0.2 5.4 <flow rate> <116.1> <114.2> <1.9> Nuclear - - - - <utilization rate> <-> <-> <-> Rene
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) （Billion yen） ＜2023/1Q＞ ＜2024/1Q＞ Income Income 98.0 14.0 収益の諸元 （燃料調達からのタイムラ Elements of income (time グ）lag from fuel procurement) 費用の諸元 Elements of cost （燃料調達） (fuel procurement) 2023/4 2023/7 2024/4 2024/7 2025/4 9 C o p y r i g h t © C h u b u E l e c t r i
Slide 13: Summary of Forecast for FY2024 <1>
Summary of Forecast for FY2024 <1> <Forecast> (Consolidated) Forecast has not been revised from the previous announcement made on April 26, 2024. Consolidated operating revenues: 3,600.0 billion yen Consolidated ordinary income: 215.0 billion yen ･ Operating revenues will decrease 2 consecutive year
Slide 14: Summary of Forecast for FY2024 <2>
Summary of Forecast for FY2024 <2> [Principal Figures] <Electrical Energy Sold> (TWh,%) Current April 26 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 107.4 107.4 - - Electrical Energy Sold including group companies 116.6 116.6 - - Competitive impacts in sales <approx. 2.2> [Reference] Year-on
Slide 15: Reference Data: Financial Results
Ⅱ Reference Data: Financial Results C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Slide 16: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2024/1Q 2023/1Q Change (A) (B) (A-B) (A-B)/B Operating revenues 820.5 897.6 (77.0) (8.6) Share of profit of entities accounted for using equity method 40.9 90.6 (49.6) (54.8) Other 5.7 3.1 2.5 83.1 Nonoperating revenues 46.7 93.7 (47.0) (50.2) Ordina
Slide 17: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Jun. 30, 2024 Mar. 31, 2024 Change (A) (B) (A-B) Assets 7,246.2 7,108.6 137.6 Liabilities 4,355.6 4,413.5 (57.8) Net assets 2,890.5 2,695.0 195.5 Shareholders’ equity ratio (%) 38.4 36.4 2.0 Outstanding interest-bearing debt 3,157.2 3,079.1 78.1 13 C o p
Slide 18: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2024 FY2025 [Medium-term (Result) (Forecast) management plan] ROIC 5.5 approx. 3.0 3.2 or more ROA 5.8 approx. 3.0 - ROE 11.6 approx. 6.0 approx. 7.0 (Note) ROIC=Ordinary Income(loss)* before Interest Expense and after Income Taxes / Average Invested Ca
Slide 19: DISCLAIMER
DISCLAIMER The statements of the future of this presentation are based on information available as of the date of this announcement, and actual results may differ by various factors in the future. C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e
Slide 20: C o p y r i g h t © C h u b
C o p y r i g h t © C h u b u E l e c t r i c P o we r C o . , I n c . A l l r i g h t s r e s e r v e d .
Chubu Electric Power Company — Q1 FY2024 Earnings Presentation on 6ix