Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — 9M FY2023 Earnings Presentation
21 slides from Chubu Electric Power Company,incorporated's earnings presentation, Jan 31, 2024
Slide 1: Presentation Materials for Nine-Months ended December 31, 2023
Presentation Materials for Nine-Months ended December 31, 2023 January 31, 2024
Slide 2: INDEX
INDEX Ⅰ｜ Outline of Financial Results for Nine-Months ended December 31, 2023 Summary of Financial Results ･･･････････････01 Summary of Financial Results by Segments ･･･････････････04 Electrical Power Generation ･･･････････････08 [Reference] Image of Time Lag (Result) ･･･････････････09 Summary of Fo
Slide 3: Outline of Financial Results for Nine-Months ended December 31, 2023
Outline of Financial Results for Ⅰ Nine-Months ended December 31, 2023 Note: The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2023 represents the fiscal year begun on April 1, 2023, and ending on March 31, 2024. 3rd Quarter (3Q) represents nine months period ended
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenues: 2,697.1 billion yen Operating revenues decreased by 116.9 billion yen compared with 2022/3Q, mainly due to a decrease in fuel cost adjustment charge, etc.* (-85.0 billion yen). * including subsidiary
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenues> (Operating revenues decreased by 116.9 billion yen) A decrease in fuel cost (Billion yen) 30,000 3,000.0 adjustment charge, etc.* Others -85.0 -31.9 25,000 2,500.0 20,000 2,000.0 2,814.0 2,697.1 15,0
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary income> (Ordinary income increased by 464.8 billion yen) JERA Power Grid (Billion yen) 5,500 550.0 (Excluding time lag) Miraiz (Excluding 92.9 -94.6 Others 4,500 450.0 time lag) 3.7 3,500 350.0 145.7 Time lag i
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> [Operating revenues] (Billion yen, %) 2023/3Q 2022/3Q Change (A) (B) (A-B) (A-B)/B Miraiz 2,166.5 2,141.6 24.9 1.2 Power Grid 665.4 840.7 (175.2) (20.8) Other (*1) 652.8 625.0 27.8 4.5 Adjustment (787.7) (793.3) 5.5 (0.7) Total 2,697.1 2,814.0 (116.9) (4.
Slide 8: Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary income/loss> ■ Ordinary income increased by 154.7 billion yen compared with 2022/3Q, mainly due to a decrease in power supply procurement price, etc. [Reference] Ordinary income excluding time lag: Appro
Slide 9: 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 increased by 92.9 billion yen compared with 2022/3Q, mainly due to revision of transmission charges by Revenue cap system and a decrease in supply and demand adjustment costs
Slide 10: Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary income> Ordinary income increased by 213.3 billion yen compared with 2022/3Q, mainly due to time lag impact becoming gain instead of loss [Reference] Ordinary income excluding time lag: Approx. 45.0 billio
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Same as 2022/3Q ■ Renewable energy Same as 2022/3Q (TWh,%) Change 2023/3Q 2022/3Q (A) (B) (A-B) (A-B)/B Hydro 6.8 6.8 0.0 0.1 <flow rate> <95.7> <95.5> <0.2> Nuclear - - - - <utilization rate> <-> <-> <-> Renewa
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) (Billion yen) ＜2022/3Q＞ ＜2023/3Q＞ Loss (199.0) Income 118.0 費用の諸元 Elements of cost （燃料調達） (fuel procurement) Elements of income 収益の諸元 (time lag from fuel （燃料調達からのタイムラ procurement) グ） 2022/4 2023/1 2023/4 2024/1 2024/4 9 C o p y r i g h t © C h u b u E l e c t r
Slide 13: Summary of Forecast for FY2023 <1>
Summary of Forecast for FY2023 <1> <Forecast> (Consolidated) Forecast has not been revised from the previous announcement made on October 27, 2023. Consolidated operating revenues: 3,650.0 billion yen (forecast) Consolidated ordinary income: 410.0 billion yen (forecast) ･ Operating revenues will dec
Slide 14: Summary of Forecast for FY2023 <2>
Summary of Forecast for FY2023 <2> [Principal Figures] <Electrical Energy Sold> (TWh,%) Current October 27 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 105.1 105.1 - - Electrical Energy Sold 112.4 112.4 - - including group companies Competitive impacts in sales <approx. +2.3> [Reference] Year
Slide 15: Dividends
Dividends <Policy of Return to Shareholders> Chubu Electric Power will continue to invest in plants and equipments for a safe and stable supply of electricity as well as in growth sectors to maintain sustainable growth and increase our corporate value. Providing strong shareholder returns is an impo
Slide 16: 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 17: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2023/3Q 2022/3Q Change (A) (B) (A-B) (A-B)/B Operating revenues 2,697.1 2,814.0 (116.9) (4.2) Share of profit of entities accounted for using equity method 163.8 - 163.8 - Other 7.8 8.3 (0.4) (5.5) Nonoperating revenues 171.6 8.3 163.3 Large Ordinary
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) Dec. 31, 2023 Mar. 31, 2023 Change (A) (B) (A-B) Assets 6,930.9 6,455.1 475.8 Liabilities 4,282.9 4,292.8 (9.9) Net assets 2,647.9 2,162.2 485.7 Shareholders’ equity ratio (%) 36.7 31.9 4.8 Outstanding interest-bearing debt 3,034.3 2,925.7 108.5 14 C o p
Slide 19: Consolidated Financial Indicators
Consolidated Financial Indicators (%) FY2023 FY2022 FY2025 [Medium-term (Forecast) (Result) management plan] ROIC approx. 5.0 2.9 3.0 or more ROA approx. 5.0 2.8 - ROE approx. 10.0 6.3 approx. 7.0 *Figures excluding time lag 15 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
Slide 20: DISCLAIMER
DISCLAIMER The forecasts in this presentation are based on information available as of the date of this announcement was made, and also, assumptions as of the date of this announcement were made on uncertain factors that would affect future results. Actual results may materially differ by various ca
Slide 21: 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 — 9M FY2023 Earnings Presentation on 6ix