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

Electric Power Development — Q2 FY2010 Earnings Presentation

32 slides from Electric Power Development's earnings presentation, Oct 30, 2009

  1. Slide 1: 2010年3月期 第2四半期決算説明資料

    2010 3 21 2 21 21 10 10 30 30

  2. Slide 2: kWh

    WS POWER (*) kWh

  3. Slide 3: Contents

    . 2010 3 21 2 4 2 4 4 5 4 6 4 7 4 8 4 9 4 10 . 2010 3 21 4 12 4 20 13 4 14 4 15 Appendix 2

  4. Slide 4: Q2 results overview

    WS POWER 2010 3 21

  5. Slide 5: Financial results summary

    2 4 9 9 2 21 20 2 2 2 4-9 4-9 4-9 (%) * 2,730 2,731 3,636 -905 -24.9% 220 227 527 -300 -56.9% 190 192 420 -227 -54.2% 130 140 335 -195 -58.2% * 9 30 4

  6. Slide 6: Ordinary income change factors

    -300 8 690 430 8 8 -227 8 8 -195 8 5

  7. Slide 7: Electricity sales volume

    kWh -25 -905 -22 -66 kWh 3,636 306 2,731 240 2,384 250 -34% 1,580 78% 54% -26% 185 587 -1% 583 IPP 96 -26% 71 47 +2% 48 83% 83% 283 -2% 277 IPP 7 -13% 6 285 -23% 219 20 21 20 21 2 2 2 2 6

  8. Slide 8: Income statement

    21 20 2 2 4-9 4-9 2,731 3,636 -905 2,511 3,351 -839 219 285 -66 2,503 3,109 -605 2,261 2,801 -540 180 178 1 816 1,281 -464 230 268 -38 136 140 -3 578 521 56 2 318 410 -91 242 307 -65 227 527 -300 92 77 15 61 43 18 30 33 -3 127 184 -56 114 113 0 12 70 -57 192 420 -227 7

  9. Slide 9: Results by segment

    4 21 20 2 2 IPP PPS 4-9 4-9 % 2,527 3,366 -839 -24.9% 4 1,295 1,869 -574 -30.7% 136 190 -54 -28.6% 3,958 5,426 -1,467 -27.0% -1,227 -1,789 562 - 2,731 3,636 -905 -24.9% 31 21 20 6 2 2 4-9 4-9 % 4 193 475 -281 -59.2% 34 40 -6 -14.9% -2 2 -4 - 225 518 -292 -56.4% 29 1 8 -7 - 4 227 527 -300 -56.9% 8

  10. Slide 10: Cash flows

    4 4 9 530 -450 21 20 2 2 4-9 4-9 A 647 513 133 B -637 -1,034 396 -44 470 -515 A+B) 9 -520 530 9

  11. Slide 11: Balance sheet

    4 2 4 19.0 19.9 21 20 2 18,698 18,431 267 12,627 12,350 277 500 466 34 2,848 3,218 -370 2 332 276 56 2,389 2,119 269 1,525 1,623 -97 20,224 20,054 169 14,733 14,707 26 1,442 1,526 -83 16,176 16,233 -57 17 19 -2 4,030 3,801 229 4,047 3,821 226 20,224 20,054 169 D/E 3.7 3.9 19.9% 19.0% 10

  12. Slide 12: Full-year forecast

    WS POWER 2010 3 21 11

  13. Slide 13: Full-year forecast summary

    4 2 4-9 21 21 20 21 5,780 5,670 7,049 -1,379 -110 35 35 570 460 571 -111 -110 70 430 350 395 -45 -80 290 240 194 45 -50 * 9 30 12

  14. Slide 14: Forecast change factors

    20 * 20 …(a) 395 395 +110 +150 ▲ 40 2 +70 +70 0 +10 +20 ▲ 10 88 ▲ 200 ▲ 200 0 ▲ 60 ▲ 60 ▲ 40 ▲ 40 0 +10 +10 +55 +35 +20 …(b) ▲ 45 +35 21 …(c)=(a)+(b) 350 430 ▲ 80 * 9 30 13

  15. Slide 15: Electricity sales forecast

    kWh -8 -48 kWh -20 -1,379 7,049 591 542 -1,313 -20% 5,670 -1,223 4,603 76% 64% -27% 491 3,380 -19 -11% 437 21 9 88% 88% 1,109 -2% 1,090 IPP 200 -25% 150 1 570 -4% 550 83 +6% 88 30 IPP 565 -12% 500 1 16 -3% 15 2 20 21 20 21 14

  16. Slide 16: Sensitivities and assumptions

    421 9 7 24 6 4 80 2 / 4 21 6 2 MW) 4,000 160 ¾ 8 kW 50 3,500 140 ¾ 8 kW 50 2 21 7 3,000 120 9.5 kW 100 2,500 100 85 2,000 78 80 4 58 21 8 437 1,500 53 60 kW 7% 1,000 40 500 17 20 / / 0 0 21 100 2.8 -500 -20 21 2 96 2.8 17 18 19 20 21 21 21 90 2.8 2 * * 20 21 15

  17. Slide 17: APPENDIX

    (*) APPENDIX WS POWER 16

  18. Slide 18: 9 4 30 17

    4 2 18 4 19 4 20 4 21 4 22 4 23 4 24 4 25 4 26 4 27 4 28 4 29 4 30 17

  19. Slide 19: Environmental performance

    2 421 7 15 4 1 2 2 53 kW 26.5 kW 2 120 kW 60 kW 2 60ppm 10ppm 20 *1 159ppm 13ppm 20 *1 50mg/m3N 5mg/m3N 10 *1 CO2 *2 100 83 *1 1 *2 kWh CO2 100 18

  20. Slide 20: ABWR / MOX

    4 21 10 28 29 10 20 3.5% 4 26 11 ABWR MOX 9 19

  21. Slide 21: IGCC technology

    4 IGCC* 4 IGCC* CO2 150 / J-POWER 1,100 / 17 21 7 28 CO2 IGCC* 50 60 kW * IGCC: Integrated coal Gasification Combined Cycle 20

  22. Slide 22: Capital expenditure and cash flow

    418 2,000 1,563 1,235 1,154 1,121 1,016 1,000 262 18 0 211 162 450 (1,000) (a) (b) (a)+(b) (2,000) 12 13 14 15 16 17 18 19 20 21 * 20 21 21

  23. Slide 23: 1,800 1,500 1,200 1 22 9 9 9 9 * 20 21 22

    1,800 1,500 1,200 900 600 300 0 12 13 14 15 16 17 18 19 20 21 22 9 9 9 9 * 20 21 22

  24. Slide 24: Hydro sales volume

    4 2008 4 - 2009 3 4 2009 4 - 2009 9 76 54 491 kWh 185 kWh 23

  25. Slide 25: Thermal sales volume

    4 2008 4 - 2009 3 4 2009 4 - 2009 9 88 83 83 kWh 48 kWh 24

  26. Slide 26: Data section

    WS POWER ttl 25

  27. Slide 27: IPP and PPS sales

    4 IPP PPS 4 IPP PPS 2008 4 - 2009 3 2009 4 - 2009 9 16 kWh 6 kWh 26

  28. Slide 28: Financial data

    17 18 19 20 20 2Q 21 2Q 6,219 5,732 5,877 7,049 3,636 2,731 [EBITDA] 1 2,364 2,002 1,657 1,717 1,071 825 1,014 771 507 571 527 227 679 555 428 395 420 192 435 351 293 194 335 140 4,330 4,611 4,663 3,801 4,792 4,030 19,646 19,997 20,131 20,054 20,979 20,224 14,082 14,215 14,238 14,707 14,779 14,733 1

  29. Slide 29: Financial indicators

    17 18 19 20 20 2Q 21 2Q 10.9% 9.7% 7.3% 5.6% 11.6% 7.0% (%) 22.0% 23.1% 23.2% 19.0% 22.8% 19.9% / 3.3 3.1 3.1 3.9 3.1 3.7 E(%) 1 10.6% 7.9% 6.3% 4.6% - - (%) 2 3.4% 2.8% 2.1% 2.0% - - ( ) 260.76 3 211.14 175.99 121.65 201.42 93.38 ( ) 2,598.90 3 2,768.95 2,800.18 2,533.28 2,877.42 2,686.00 1 ROE= /

  30. Slide 30: Sales volume and capacity data

    ( kWh) 17 18 19 20 20 2Q 21 2Q 62,626 58,672 60,786 57,532 29,897 23,384 8,582 10,633 8,287 8,384 4,798 4,874 54,044 48,039 52,499 49,147 25,098 18,509 1,701 1,657 1,682 1,616 783 681 64,328 60,329 62,469 59,148 30,681 24,066 17 18 19 20 20 2Q 21 2Q 4,950 4,500 4,572 5,712 2,971 2,163 1,268 1,234 1,

  31. Slide 31: Income statement data

    17 18 19 20 20 2Q 21 2Q 6,219 5,732 5,877 7,049 3,636 2,731 5,731 5,237 5,317 6,483 3,351 2,511 487 494 560 565 285 219 5,204 4,961 5,370 6,478 3,109 2,503 4,697 4,444 4,778 5,888 2,801 2,261 212 272 377 436 178 180 1,608 1,498 1,915 2,643 1,281 816 387 411 304 514 268 230 314 317 302 332 140 136 1,

  32. Slide 32: http://www.jpower.co.jp/

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

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