Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — Q3 FY2021 Earnings Presentation

25 slides from Tokyo Gas's earnings presentation, Jan 28, 2022

  1. Slide 1: FY2021 3Q Financial Results

    TSE:9531 FY2021 3Q Financial Results ended December, 2021 January 28, 2022

  2. Slide 2: FY2021 Consolidated Financial Results

    01 FY2021 Consolidated Financial Results ended December, 2021 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  3. Slide 3: Highlights: Sales Up, Profit Down

    FY2021 3Q Consolidated Results (Apr. 1, 2021 – Dec. 31, 2021) vs. FY2020 3Q 3 Highlights: Sales Up, Profit Down (+/- indicate impact on profit, billion yen) Net sales ＋153.4 Increase in city gas unit price due to resource costs adjustment, etc. Operating -182.1 Impact from the increase in crude oil

  4. Slide 4: 3Q Consolidated Gas Sales Volume / Number of Customers

    FY2021 3Q Consolidated Gas Sales Volume/ Number of Customers City Gas sales volume: vs. FY2020 3Q Number of customers(City Gas), LNG sales 4 volume,Average temperature *Each value is rounded. ＋110mil.㎥ (+1.2%) （ Unit： mil. ㎥） FY2021 3Q FY2020 3Q Change including temperature effect -86mil.㎥, -1.0% 10

  5. Slide 5: 3Q Consolidated Electricity Sales Volume / Number of Customers

    FY2021 3Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2020 3Q 5 Electricity sales volume： New electricity retail customers won by Tokyo Gas ※ Number of billed customers Cumulative (1,000s) Quarter (1,000s) for electricity retail sales. （ Unit：mil. kWh ） 2,876 2,934 20,000 20,025

  6. Slide 6: 3Q Results: Sales and Operating Profit/Loss by Business Segments

    FY2021 3Q Results : Sales and Operating Profit/Loss by Business Segments vs. FY2020 3Q 6 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 3Q FY2020 3Q FY2021 3Q FY2020 3Q Results Results Change ％ Results Results Change ％ Gas 892.0 795.8 96.2 1

  7. Slide 7: 3Q Results: Ordinary Profit Analysis

    FY2021 3Q Results: Ordinary Profit Analysis vs. FY2020 3Q 7  City Gas -¥47.5 bn ・Decrease in gross margin -¥40.1 bn: Change in volume, etc. -6.9 (incl. change due to temp effect -3.8), Gas sliding time lag effect -35.5, third-party access revenue +3.0, etc. -¥48.0bn (Net sales) ¥60.3 bn: Change in

  8. Slide 8: FY2021 Full Year Forecast

    02 FY2021 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  9. Slide 9: Highlights: Sales UP, Profit UP (vs. Previous Forecast)

    FY2021 Consolidated Forecast (Apr. 1, 2021 – Mar. 31, 2022) 9 Highlights: Sales UP, Profit UP (vs. Previous Forecast) (+/- indicate impact on profit, billion yen) vs. Previous Forecast Net sales +120.0 Increase in city gas unit price due to resource costs adjustment, increase in city gas sales volum

  10. Slide 10: Full Year Forecast: Gas Sales Volume / Number of Customers

    FY2021 Full Year Forecast Consolidated Gas Sales Volume/ Number of Customers 10 City Gas sales volume: Number of customers(City Gas), LNG sales volume,Average temperature （ Unit： mil. ㎥） VS. Previous Forecast Forecast Previous Change FY2020 Change Forecast Results +581mil.㎥ (+4.7%) 15,000 Number of

  11. Slide 11: Full Year Forecast: Electricity Sales Volume / Number of Customers

    FY2021 Full Year Forecast Consolidated Electricity Sales Volume/ Number of Customers 11 Electricity sales volume： New electricity retail customers won by Tokyo Gas （ Unit：mil. kWh ） ※Number of customers for electricity Cumulative (1,000s) VS. Previous Forecast 30,000 retail sales 3,800 27,874 （As of

  12. Slide 12: Full Year Forecast: Sales and Operating Profit by Segment vs. Previous Forecast

    FY2021 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. Previous Forecast 12 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 Previous FY2021 Previous Forecast Forecast Change ％ Forecast Forecast Change ％ Gas 1,375.

  13. Slide 13: Forecast: Ordinary Profit Analysis vs. Previous Forecast

    FY2021 Forecast: Ordinary Profit Analysis vs. Previous Forecast 13 Gas  City Gas ¥19.4 bn ・Increase in gross margin +¥23.7 bn: Change in volume, etc. +2.0 (incl. change due to +¥9.1bn temp effect -1.9), sliding time lag effect +21.7 (+11.3%) (Net sales) +¥86.5 bn: Change in volume, etc. +30.7, slid

  14. Slide 14: Full Year Forecast: Sales and Operating Profit by Segment vs. FY2020

    FY2021 Full Year Forecast: Sales and Operating Profit/Loss by Business Segments vs. FY2020 Results 14 (unit : billion yen) Segment Profit(Operating profit Net sales + Equity income/loss of subsidiary) FY2021 FY2020 FY2021 FY2020 Forecast Results Change ％ Forecast Results Change ％ Gas 1,375.8 1,146.7

  15. Slide 15: Forecast: Ordinary Profit Analysis vs. FY2020 Results

    FY2021 Forecast: Ordinary Profit Analysis vs. FY2020 Results 15  City Gas -¥5.8 bn ・Increase in gross margin +¥6.0 bn: Change in volume, etc. -6.3 (incl. change due to Gas temp effect +0.4), sliding time lag effect +12.3 +¥1.2bn (Net sales) +¥183.9 bn: Change in volume, etc. -6.1, sliding time lag

  16. Slide 16: Factors for Changes from FY2020 Ordinary Profit

    FY2021 Consolidated Forecast (Apr. 1, 2021 – Mar. 31, 2022) vs. FY2020 Results 16 Factors for Changes from FY2020 Ordinary profit (+/- indicate impact on profit, billion yen) 9.2 Approx.20.0 Sliding time lag Reduction in impact of Approx. ９.0 103.0 effect COVID-19 increase in Approx. -6.0 Easing of

  17. Slide 17: FY2021 Uses of Cash Flow (Capex, Investment and Financing)

    FY2021 Uses of Cash Flow（Capex , Investment and financing） 17 (Unit: billion yen) Previous FY2020 Forecast Main Items Change % Change ％ Forecast Results Capital Expenditure Production facilities : 8.5(-0.4) Other Production facilities, etc. Gas 122.5 Distribution facilities : 85.2(-0.9) New demand d

  18. Slide 18: Key Indicators (Consolidated)

    Key Indicators (Consolidated) 18 (Unit: billion yen) FY2021 FY2020 FY2019 Forecast Results Results Total assets (a) 2,937.0 2,738.3 2,539.9 Shareholders’ equity (b) 1,210.0 1,153.8 1,147.7 Shareholders’ equity ratio (b)/(a) 41.2％ 42.1％ 45.2％ Interest-bearing debt (c) 1,202.0 1,065.9 905.0 D/E ratio

  19. Slide 19: Reference Materials

    03 Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  20. Slide 20: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 20 Impact of rising JCC by $1/bbl (Unit: billion yen) Impact on earnings 4Q Period 4Q 0 Impact of depreciation by ¥1/$ (Unit: billion yen) Impact on earnings 4Q Period 4Q -1.0 Copyright© TOKYO GAS Co., Ltd. All Rights Reserv

  21. Slide 21: Crude oil price・Exchange rate

    Crude oil price・Exchange rate 21 Crude oil price（Japan Crude Cocktail Prices） ($/bbl) 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 FY2021 FY2020 FY2019 Exchange rate (¥/$) 115.0 110.0 105.0 100.0 FY2021 FY2020 FY2019 Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  22. Slide 22: Key Topics in FY2021 (Excerpted from Press Releases)

    Key Topics in FY2021 (Excerpted from Press Releases up to 28th January.) ・Notice regarding Partial Changes to Articles of Incorporation (Apr. 28) 22 ・Notice regarding Spin-off (Absorption-type Company Split) (Apr. 28) ・Notice regarding Spin-off (Simplified Absorption-type Company Split（May 19） ・Noti

  23. Slide 23: Key Topics in FY2021 (Excerpted from Press Releases)

    Key Topics in FY2021 (Excerpted from Press Releases up to 28th January.) 23 ◆ Others ・Tokyo Gas launches rental management support service “Mamo ROOM” (Apr. 8) ・Tokyo Gas launches house cleaning service (May 11) Services ・Tokyo Gas launches electricity outage countermeasures with solar power and sto

  24. Slide 24: Overseas Projects

    Overseas Projects 24 1 2 4 5 7 3 6 8 Area No Country Subject Main Business Participation year Eagle Ford Upstream Shale gas 2016 TG Natural Resources Upstream Shale gas 2017 TGES America Downstream Energy Service 2015 U.S.A 1 Birdsboro Power Plant Downstream Natural gas power 2017 North America Akti

  25. Slide 25: Cautionary Statement regarding Forward-looking Statements

    < Cautionary Statement regarding Forward‐looking Statements > Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies and beliefs, and other statements herein that are not expressions of historical fact are forward‐looking statements about the future per

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