Earnings Release • Jan 28, 2020
Earnings Release
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PJSC 'Novorossiysk Commercial Sea Port' (NCSP) 27-Jan-2020 / 15:30 MSK Dissemination of a RegulatoryAnnouncement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer / publisher is solely responsible for the content of this announcement.
January 27, 2020
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized [1] cargo turnover of NCSP Group (with the sale of NGT LLC taken into account) for 2019 grew by 7.8% y-o-y.
In 2019, liquid cargo transshipmentsat NCSP Group's terminalsgrew by 13.8% or 13,836 thousand tonsy-o-y,and totaled 114,377 thousand tons.
In 2019, crude oil transshipments totaled 78,562 thousand tons. Compared to the results in 2018, the increase was 18.6% (12,332 thousand tons), which is 10.5 p.p higher than the industry rate. Oil products transshipment grew to 34,690 thousand tons, by 447 thousand tons, or 4.4% which is 1.1 p.p. higher than the industry rate.
In 2019, liquid fer&lizers transshipments (UAN) slightly decreased (-4.4%) to 762 thousand tons. The turnover of seed oils grew by 33.9% or 92 thousand tonsand reached 364 thousand tons.
The terminal for seed oils transshipmentat IPP LLC handled 351 thousand tons of seed oils in 2019.
In 2019, the normalized turnover of bulk cargoes at NCSP Group's terminals (with the sale of NGTLLC taken into account) had a decrease of 8.6% (849 thousand tons) y-o-yand totaled 8,986 thousand tons.
Grain transshipments dropped by 44.4% (2,103 thousand tons), to 2,633 thousand tons, against the background of a decrease in exports from Russia.
Iron ore raw materials turnovergrew by 22.1% or 546 thousand tons to 3,019 thousand tonsagainst the backdrop of high exportac&vity.
Coal transshipments increased by 21.6% (by 311 thousand tons), to 1,755 thousand tons, due to the recovery of demand on foreign markets.
The turnover of chemical productsgrew by 24.6% or 143 thousand tonsand amounted to 724 thousand tons.
Raw sugar turnover was up 2.1 &mes or 292 thousand tonsand reached 563 thousand tons.
Transshipment of other ore cargo reduced by 11.5% to 292 thousand tons.
In 2019,general cargo transhipmentsat NCSP Group's terminals decreased by 13.2%, or 1,983 thousand tons,and totaled 12,983 thousand tons.
Ferrous metals and cast iron transshipments decreased by 1,948 thousand tons (-14.5%), to 11,523 thousand tons, at the background of unfavorable foreign market condi&ons, stronger rouble,and high prices on the Russian domes&cmarket.
Nonferrous metals transshipments grew by 8% to 1,081 thousand tons (+80 thousand tons), at the background of favorable aluminum market condi&ons.
Timbercargo transshipments remained prac&cally the same and totaled 308 thousand tons. Perishable cargoes turnoveramounted to 71 thousand tons.
In 2019, the turnover of containers through NCSP Group's berths in twenty-foot equivalentgrew to 638 thousand TEU, by 18 thousand TEU, or 2.9%. Cargo turnoveramounted to 5,951 thousand tons which is 2.8% lessy-o-y.
In 2019, turnover of othercargoesat NCSP Group's terminalsamounted to 203 thousand tons, down by 69.5% y-o-y.
| January-December | Change | |||
|---|---|---|---|---|
| 2019 | 2018 | thousand tons | % | |
| Cargo turnover, total | 142,501 | 132,129 | 10,371 | 7.8% |
| Liquid cargo, total | 114,377 | 100,541 | 13,836 | 13.8% |
| Crude oil | 78,562 | 66,229 | 12,332 | 18.6% |
| Oil products | 34,690 | 33,243 | 1,447 | 4.4% |
| UAN | 762 | 797 | -35 | -4.4% |
| Oils | 364 | 272 | 92 | 33.9% |
| Bulkcargo, total | 8,986 | 9,835 | -849 | -8.6% |
| Grain | 2,633 | 4,736 | -2,103 | -44.4% |
| Chemical cargo | 724 | 582 | 143 | 24.6% |
| Sugar | 563 | 271 | 292 | 108.0% |
|---|---|---|---|---|
| Iron ore raw materials | 3,019 | 2,473 | 546 | 22.1% |
| Other ore cargo | 292 | 330 | -38 | -11.5% |
| Coal | 1,755 | 1,444 | 311 | 21.6% |
| General cargo, total | 12,983 | 14,965 | -1,983 | -13.2% |
| Ferrous metalsand cast iron | 11,523 | 13,471 | -1,948 | -14.5% |
| Timber | 308 | 309 | -2 | -0.5% |
| Timber (thousand cubic meters) | 559 | 562 | -3 | -0.5% |
| Nonferrous metals | 1,081 | 1 001 | 80 | 8.0% |
| Perishable cargo | 71 | 184 | -113 | -61.2% |
| Containers | 5,951 | 6,121 | -170 | -2.8% |
| Containers | 5,951 | 6,121 | -170 | -2.8% |
| Containers (thousand TEU) | 638 | 620 | 18 | 2.9% |
| Othercargo | 203 | 667 | -464 | -69.5% |
NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transne=. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group's cargo turnover for Q1 2019 amounted to 71.75 million tons. The Group's consolidated revenue as per IFRS totaled USD 951 million in 2018. NCSP Group is comprised of PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC, NCS LLC, Bal&c Stevedore Company LLC,and JSC SFP.
Formore informa:on, please contact:
For press:[email protected]
[1] Normalized indicators of NCSP Group's cargo turnover for 2018-2019: the grain turnover through NGT LLC and Berth No. 3 from May 1, 2018 to December 31, 2018 are not taken into account in the transshipment volume.
ISIN: US67011U2087 Category Code:MSCH TIDM: NCSP LEICode: LEIA0010014976 Sequence No.: 42747 EQS News ID: 961369
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