Electric Power Development Co., Ltd. · TSE:9513
Electric Power Development — FY2011 Earnings Presentation
29 slides from Electric Power Development's earnings presentation, Apr 27, 2012
Slide 1: Reference materials
Reference materials (Page) (1) Financial section 1 12 (2) Business section 13 27 This document is a common information packet for ‘’Direction of Management and Near-Term Managerial Policy of the J-POWER Group’’ and ‘’FY2011 Full Year Earnings Results’’ announced on April 27, 2012. 0
Slide 2: (1) Financial section
(1) Financial section (page) 1. Consolidated: Revenues and Expenses 2 2. Non-consolidated: Revenues and Expenses 3 3. Consolidated: Segment Information 6 4. Consolidated: Cash Flow 7 5. Consolidated: Key Ratios and Key Data 8 6. Monthly Electricity Sales 9 1
Slide 3: Consolidated: Revenues and Expenses
(1)- 1. Consolidated: Revenues and Expenses (Unit: 100 million FY2007 FY2008 FY2009 FY2010 FY2011 Operating revenues 5,877 7,049 5,844 6,359 6,546 Electric power operating revenues 5,317 6,483 5,302 5,844 6,097 Other operating revenues 560 565 541 515 448 Operating expenses 5,370 6,478 5,355 5,653 6
Slide 4: Non-consolidated: Revenues and Expenses
(1)-2-1. Non-consolidated: Revenues and Expenses (Unit: 100 million FY2007 FY2008 FY2009 FY2010 FY2011 YOY change Operating revenues 5,292 6,458 5,304 5,832 5,999 167 Electric power operating revenues 5,173 6,314 5,186 5,738 5,905 166 Hydroelectric 1,145 1,109 1,089 1,081 1,084 3 Thermal 3,427 4,603
Slide 5: Non-consolidated: Revenues and Expenses (2)
(1)-2-2. Non-consolidated: Revenues and Expenses FY2007 FY2008 FY2009 FY2010 FY2011 Electricity sales (million kW ) 60,786 57,532 55,760 64,353 64,074 Hydroelectric 8,287 8,384 9,214 10,267 10,318 Thermal 52,499 49,147 46,546 54,086 53,756 Water supply rate (%) 85 88 96 106 115 Load factor of coal-f
Slide 6: Non-consolidated: Revenues and Expenses (3)
(1)-2-3. Non-consolidated: Revenues and Expenses FY2007 FY2008 FY2009 FY2010 FY2011 Fuel costs ( 100 million 1,853 2,551 1,739 2,099 2,384 Coal consumption (10 thousand ton 2,023 1,940 1,814 2,114 2,078 Australian coal FOB price* US$) 55 56 125 71 97 98 130 Average exchange rate ( /US$) 114 101 93 8
Slide 7: Consolidated: Segment Information
(1)-3. Consolidated: Segment Information (Unit: 100 million Electric Overseas Electric power power Others Subtotal Elimination* Consolidated power -related generation FY2011 Sales 6,129 3,413 20 223 9,786 (3,240) 6,546 Sales to customers 6,097 231 20 196 6,546 - 6,546 Ordinary income 222 83 34 (0) 3
Slide 8: Consolidated: Cash Flow
(1)-4. Consolidated: Cash Flow (Unit: 100 million FY2007 FY2008 FY2009 FY2010 FY2011 Operatging activities 1,362 1,586 1,691 1,512 1,258 Income before income taxes and minority interests 434 325 421 387 332 Depreciation and amortization 1,150 1,146 1,203 1,116 1,052 Investing activities (1,525) (1,3
Slide 9: Consolidated: Key Ratios and Key Data
(1)-5. Consolidated: Key Ratios and Key Data (Unit: 100 million FY2011 (PL) Operating revenues 5,877 7,049 5,844 6,359 6,546 Ordinary income 428 395 416 563 366 Net income 293 194 291 195 161 (BS) Total assets 20,131 20,054 20,240 20,123 20,163 Construction in progress 3,274 3,218 3,097 3,016 3,804
Slide 10: Monthly Electricity Sales: Wholesale Electric Power Business (Thermal Power)
(1)-6-1. Monthly Electricity Sales: Wholesale Electric Power Business (Thermal Power) 4 Apr. 2010 - Mar. 2011 Results (Cumulative) 4 Apr. 2011 - Mar. 2012 Results (Cumulative) Load factor 78 Load factor 77 Electricity sales 54.0B kWh Electricity sales 53.7B kWh (Million kWh) FY2010 Electricity sales
Slide 11: Monthly Electricity Sales: Wholesale Electric Power Business (Hydroelectric Power)
(1)-6-2. Monthly Electricity Sales: Wholesale Electric Power Business (Hydroelectric Power) 4 Apr. 2010 - Mar. 2011 Results (Cumulative) 4 Apr. 2011 - Mar. 2012 Results (Cumulative) Water supply rate 106 Water supply rate 115 Electricity sales 10.2B kWh Electricity sales 10.3B kWh (Million kWh) 10
Slide 12: Changes in Monthly Electricity Sales
(1)-6-3. Wholesale Electric Power Businesses Changes in Monthly Electricity Sales Year-on-year Comparison of Monthly Electricity Sales Thermal Power and Hydroelectric Power 200% 150% 100% 50% 0% Apr - Mar Apr. M ay Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. 49% 101% 111% 83% 104% 183% 118% 97
Slide 13: Monthly Electricity Sales: IPP, for PPS, Wind Power
(1)-6-4. Monthly Electricity Sales: IPP, for PPS, Wind Power 4 Apr. 2010 - Mar. 2011 Results (Cumulative) 1.5B kWh 4 Apr. 2011 - Mar. 2012 Results (Cumulative) 2.0B kWh (Million kW h) 250 200 150 100 50 0 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. D ec. Jan. Feb. Mar. FY2010 Thermal FY2011 Thermal FY201
Slide 14: (2) Business Section
(2) Business Section (Page) 1. Consolidated: Power Generation Capacity 14 2. Domestic Power Generation Facilities in Operation 15 3. List of Domestic Wind Power Facilities in Operation 16 4. List of Overseas Power Generation Projects in Operation 17 5. Measures for Reinforcing Safety at the Ohma Nuc
Slide 15: Consolidated: Power Generation Capacity
2 -1. Consolidated: Power Generation Capacity In operation Number of Output capacity Owned capacity power stations (MW) (MW) Wholesale electric power business (J-POWER) 67 16,993 Hydroelectric 59 8,566 Thermal (including geothermal) 8 8,427 Japan Other electric power businesses 24 1,197 820 IPP/for
Slide 16: Domestic Power Generation Facilities in Operation
2 -2. Domestic Power Generation Facilities in Operation Wholesale electric power business (Output unit: MW) Power plant Start of operation Output Number of power plants Output Coal- Isogo No. 1 2002 600 Hydro- Conventional 52 3,596 fired (Kanagawa) electric Pumped-storage 7 4,970 No. 2 2009 600 Tota
Slide 17: List of Domestic Wind Power Facilities in Operation
2 -3. List of Domestic Wind Power Facilities in Operation Output capacity Investment Owned Start of Name Location (kW) ratio capacity (kW) operation Sarakitomanai Wind Farm Hokkaido 14,850 49% 7,277 FY2001 Tomamae Winvilla Wind Farm Hokkaido 30,600 100% 30,600 FY2000 Shimamaki Wind Farm Hokkaido 4,5
Slide 18: List of Overseas Power Generation Projects in Operation
2 -4-1. List of Overseas Power Generation Projects in Operation Validity of Output Investment Owned purchase Power plant/project Type capacity ratio capacity Power purchaser agreement Thailand Roi-Et Biomass (Chaff) 10MW 24.7% 2MW EGAT 21 years Rayong Gas (Combined Cycle) 112MW 20.0% 22MW EGAT / Com
Slide 19: List of Overseas Power Generation Projects in Operation (2)
2 -4-2. List of Overseas Power Generation Projects in Operation Validity of Output Investment Owned purchase Power plant/project Type capacity ratio capacity Power purchaser agreement USA Tenaska Frontier Gas (Combined Cycle) 830MW 31.0% 257MW Exelon Generation Company, LLC 20 years Exelon Generatio
Slide 20: Measures for Reinforcing Safety at the Ohma Nuclear Power Plant
2 -5-1. Measures for Reinforcing Safety at the Ohma Nuclear Power Plant . Tsunami Assessment and Plan for Emergency Power Supply 1 Tsunami Assessment Based on historical records and hypothetical tsunami generating mechanisms, it is estimated that the maximum height of potential tsunami is +4.4m, and
Slide 21: Measures for Reinforcing Safety at the Ohma Nuclear Power Plant (2)
2 -5-2. Measures for Reinforcing Safety at the Ohma Nuclear Power Plant Image of measure for reinforcing safety -1. Tsunami Countermeasures, Safety Enhancement Measures for Ensuring Emergency Power Supply -2. Ensuring Capabilities for Managing Severe Accidents -3. Response based on the Proposal of t
Slide 22: Coal Mine Development
2 -6. Coal Mine Development Commercial Mine name Location Loading port Production volume* Investment ratio production Blair Athol Queensland Dalrymple Bay Approx. 10 million t/yr 10% 1984 Clermont Queensland Dalrymple Bay Approx. 12 million t/yr 15% 2010 Narrabri New South Wales Newcastle Approx. 6-
Slide 23: New Projects in Thailand
2 -7. New Projects in Thailand Start of Project Type & output Overview Current status operation name 9 Projects based on the SPP program* of the 9 Steadily progressing following Thai government. commencement of construction 9 Development of seven 100MW-class gas- in October 2010. fired thermal power
Slide 24: New Project (Central Java) in Indonesia
2 -8. New Project (Central Java) in Indonesia 4 J-POWER s first overseas coal-fired power development project Start of Type & output overview Current status operation 9J-POWER successfully acquired preferential negotiation rights 9concluded a long- for a new coal-fired power development project in J
Slide 25: International Comparison of Japan's and J-POWER's Coal-fired Thermal Power
2 -9-1. International Comparison of Japan’s and J-POWER’s Coal-fired Thermal Power 4 Coal is the world’s main energy source for generating electric power. Breakdown of power generation volume by Estimated power plant capacity by power source power source for each country/region in Asia (excluding OE
Slide 26: International Comparison of Japan's and J-POWER's Coal-fired Thermal Power (2)
2 -9-2. International Comparison of Japan’s and J-POWER’s Coal-fired Thermal Power 4 J-POWER has the cutting-edge technologies throughout the world . Average thermal efficiency of world’s SOx and NOx emissions per unit of coal-fired thermal power plants /kWh thermal power generation (Gross efficienc
Slide 27: Next-Generation High-Efficiency Coal-Fired Thermal Power Technologies
2 -10. Next-Generation High-Efficiency Coal-Fired Thermal Power Technologies We aim to significantly increase power generation efficiency and reduce CO2 emissions through the application of oxygen-blown integrated coal gasification combined cycle. Existing technologies Next generation technologies P
Slide 28: Development Roadmap for Clean Coal Technology
2 -11. Development Roadmap for Clean Coal Technology 4 Oxygen-blown IGCC & CO 2 separation and recovery technology under development 2000 2005 2010 2015 2020 Oxygen-blown coal gasification development 2002 Demonstration 2013 EAGLE* IGCC, IGFC development 2016 Osaki CoolGen (Joint project with The Th
Slide 29: Electric Power Development Co., Ltd.
Electric Power Development Co., Ltd. http://www.jpower.co.jp/ 28
Electric Power Development Co., Ltd. (J-POWER) — FY2011 Earnings Presentation on 6ix