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02 15-14 chugoku results-q3-1
 

02 15-14 chugoku results-q3-1

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    02 15-14 chugoku results-q3-1 02 15-14 chugoku results-q3-1 Presentation Transcript

    • Outline f Fi O tli of Financial Results i l R lt for Nine-Months Ended December 31 2013 f Ni M th E d d D b 31, Note: The Company's fiscal year (FY) is from April 1 to March 31of the following y p y y ( ) p g year. FY2013 represents the fiscal year begun in April 1, 2013, and ending in March 31, 2014. 3rd Quarter (3Q) represents nine months period ended December 31, 2013. © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • Table of Contents Summary of Financial Results <1> 1 Summary of Financial Results <2> Electricity Sales Volume, Generated and Received Power Summary of F S f Forecast f FY 2013 t for Non-consolidated Forecast for FY 2013 (compared to FY 2012) 1 2 3 4 5 The Policy on Shareholder Return 6 © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • 1 Summary of Financial Results <1> - Operating revenues increased for four consecutive years. - Ordinary loss and net loss are recorded for three consecutive years. [Consolidated] (Billion yen,%) 2013/3Q (A) 2,053.7 , (24.5) (46.7) (31.5) p g Operating revenues Operating income (loss) Ordinary loss Net loss 2012/3Q (B) 1,960.1 , 21.7 (3.9) (2.2) Change (A-B) (A-B)/B 93.6 (46.2) (42.8) (29.2) 4.8 − − − [Non-Consolidated] (Billion yen,%) 2013/3Q (A) 1,918.2 (36.6) (56.3) (35.2) Operating revenues Operating income (loss) Ordinary loss Net loss 2012/3Q (B) 1,853.3 12.4 (8.7) (3.7) Change (A-B) (A-B)/B 64.8 (49.1) (47.6) (31.4) 3.5 − − − [Principal Figures] 2013/3Q (A) Item Electricity sales volume CIF price: crude oil FX rate (interbank) (TWh) ($/b) (yen/$) * CIF crude oil price for 3Q FY2013 is tentative. 93.1 109.4* 99 2012/3Q (B) 93.3 114.0 80 Change (A-B) (0.2) (4.6) 19 © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • 2 Summary of Financial Results <2> < Main factors for year-on-year change in consolidated ordinary loss > - Positive factors - Negative factors - A decrease in maintenance expenses - An increase in fuel price +16.3 billion yen - 61.4 billion yen Factors for change in Consolidated ordinary loss Billion Yen 0.0 0) -10.0 (100) (200) -20.0 -30.0 30 0 (300) -40.0 (400) -50 0 50.0 (500) -60.0 (600) 2012/3Q Ordinary Loss -3.9 An increase in fuel price An increase in fuel cost adjustment charge An increase in fuel price -61.4 ‐130.0 + 68.6 Principal Figures (yen/$,$/b) FX rate: +19 (80 99) CIF price (crude oil): -4.6 (114.0 109.4) A decrease in maintenance expenses 16.3 2013/3Q Ordinary Loss -46.7 46 7 Others 2.3 -70.0 (700) © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • 3 Electricity Sales Volume, Generated and Received Power - Electricity Sales Volume y ( (TWh,%) ) 2013/3Q (A) Demand from customers under d regulation Demand from customers under liberalization Change (A-B) (A-B)/B 2012/3Q (B) Electric lighting 24.2 24.5 (0.3) (1.5) Electric power l i 4.3 43 4.5 45 (0.2) (0 2) (3.1) (3 1) Subtotal 28.5 29.0 (0.5) (1.7) Commercial power 16.7 16.6 0.1 0.1 Industrial power,etc 47.9 47.7 0.2 0.4 Subtotal 64.6 64.3 0.3 0.4 93.1 93.3 ( ) (0.2) ( ) (0.3) Total - Generated and Received Power (TWh,%) Change (A-B) ( ) ( (A-B)/B ) 0.2 2.8 2013/3Q ( ) (A) 6.5 2012/3Q ( ) (B) 6.3 <flow rate> <94.8> <91.9> <2.9> Thermal Nuclear 88.0 − 91.9 − (3.9) − <utilization rate> <−> <−> <−> 0.0 8.2 82 (0.8) 101.9 0.0 4.7 47 (1.0) 101.9 (0.0) 3.5 35 0.2 (0.0) Hydro Internally generated d Renewable energy Interchanged, Purchased power Power used for pumped storage Total (4.2) − (1.8) 75.6 75 6 (15.7) (0.0) © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • Summary of Forecast for FY 2013 - Consolidated (billion yen) -Non-consolidated Operating revenues Operating loss Ordinary loss Net loss FY 2013 forecast (Oct.29) Change (A) Operating revenues Operating loss Ordinary loss Net loss FY 2013 forecast (Current) (B) [Principal factors affecting ordinary loss] (A)-(B) 2,790.0 (75.0) (110.0) (75.0) 2,750.0 (65.0) (100.0) (65.0) 40.0 (10.0) (10.0) (10.0) Depriciation of the yen - 22.0 A decrease of CIF price + 5.0 An increase of hydroelectric power output, etc + 7.0 Effect on ordinary loss - 10.0 (billion yen) FY 2013 forecast (Current) FY 2013 forecast (Oct.29) Change (A) (B) (A)-(B) 2,610.0 2 610 0 (90.0) (120.0) (80.0) 2,570.0 2 570 0 (80.0) (110.0) (70.0) 40.0 40 0 (10.0) (10.0) (10.0) (billion yen) -Principal figures FY 2013 forecast (Current) Items Electricity sales volume 12 4 13 (TWh) CIF price: crude oil ($/b) FX rate (interbank) (yen/$) FY 2013 forecast (Oct.29) approx. 125.6 approx. 110 approx. 101 approx. 125.6 1% approx. 111 1$/b approx. 98 1yen/$ Income sensitivity 3.0 9.0 *1,2 12.0 *1 *1 These figures represent income sensitivity for fuel expenses. Fluctuation of CIF price (crude oil) and FX rate will be reflected in sales revenue, in cases where average expenses revenue fuel price fluctuates and fuel cost adjustment system will be applied. *2 The impact value of crude oil price includes the impact of LNG price because LNG price is subject to crude oil price. © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • Non-consolidated Forecast for FY 2013 (compared to FY 2012) [Principal factors affecting ordinary loss] (Billion yen) FY 2013 Forecast FY 2012 Result Change (A) (B) (A)-(B) Operating revenues 2,610.0 2,485.6 approx. 124.0 Operating expenses 2,700.0 2 700 0 2,514.5 2 514 5 125 approx. 185 0 approx 185.0 A decrease in electricity sales volume (with subtraction of fuel cost) - 6.0 (90.0) (28.9) - 52.0 Others Operating loss An increase in fuel price (After taking fuel cost adjustment charge into account) - 10.0 approx. (61.0) Effect on ordinary loss Net loss (120.0) (120 0) (52.1) (52 1) approx. (68 0) (68.0) (80.0) Ordinay loss di l (35.3) - 68.0 approx. (45.0) - Principal Figures Items Electricity sales volume FY2013 Forecast (TWh) CIF price : crude oil ($/b) FX rate (interbank) (yen/$) Nuclear N l power utilization rate (%) approx.125.6 approx.110 approx.101 FY 2012 Result 126.6 113.9 83 − © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • The Policy on Shareholder Return 6 After comprehensively considering the difficult business situation, the Company had decided to t pay no interim dividend for the fiscal year ending March 2014. i t i di id d f th fi l di M h 2014 The management sincerely appreciates your understanding in this matter. The Company also plans to pay no year-end dividend for the fiscal year ending March 2014. Dividends per Share (yen) p (y ) FY 2013 FY 2012 Interim 0 (Result) Year-end 0 (Forecast) Total 0 (Forecast) 25 25 50 © 2014 Chubu Electric Power Co., Inc. All rights reserved.
    • DISCLAIMER This Thi presentation contains assumptions and forward-looking statements with t ti t i ti df d l ki t t t ith respect to the financial conditions, and forecasts of the company, which are based on information currently available. These assumptions involve certain risks and uncertainties, and may cause actual results materially differ from them, by changes in the managerial environment y y g g such as economic activities and market trends. Though great care is exercised in the preparation of such literature, Chubu Electric Power Co., Inc. shall not be liable in any manner for any loss whatever incurred as a result of erroneous information contained therein or in this presentation. presentation © 2014 Chubu Electric Power Co., Inc. All rights reserved.