Novorossiysk Commercial Sea Port (NMTP)

Regulatory Filings • Apr 10, 2020

National Storage Mechanism | Additional information

PJSC 'Novorossiysk Commercial Sea Port' (NCSP)

NCSP Group's consolidated cargo turnover for January-February 2020 totaled 22.6 mln t

10-Apr-2020 / 19:18 MSK

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NCSP Group's consolidated cargo turnover for January-February 2020 totaled 22.6 mln t

April 10, 2020

NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo turnover of NCSP Group for January-February 2020 grew by 674,000 tons or 3.1% year-over-year. NCSP Group's cargo turnover normalized indicators for 2019: the turnover through NGT LLC and Berth No. 3 from January 1, 2019 to May 1, 2019 is not taken into account in the transshipment volume.

Key drivers

• A growth of 1,073 thousand tons in oil transshipment against the backdrop of increased turnover of this raw material in ports of the Russian Federation.

Liquid cargo

In January-February 2020, transshipment of liquid cargo at NCSP Group terminals was up by 7.6% or 1,318 thousand tons on par with the same period in 2019, and amounted to 18,663 thousand tons.

For the two months of 2020, transshipment of crude oil reached 11,602 thousand tons against the previous year (up by 10.2% or 1,073 thousand tons), as well as transshipment of oil products reached 6,867 thousand tons (up by 3.1% or 206 thousand tons).

The volume of vegetable oil transshipment grew by 74.7% to 81,000 tons.

Turnover of liquid fertilizers (UAN) totaled 113,000 tons, slightly above the figure for the previous-year period (+5%).

Bulk cargo

In January-February 2020, transshipment of bulk cargo at NCSP Group terminals increased by 17.8% or 171,000 tons compared to the same period last year and amounted to 1,133 thousand tons.

The volume of iron ore raw materials transshipment climbed up by 70.7% or 308,000 tons, to 743,000 tons. The volume of coal turnover (241,000 tons) remained close to the volume for 2 months of 2019 (244,000 tons).

Transshipment of chemical cargo was up by 5,000 tons (+3.6%). The volume of raw sugar transshipment totaled 5,000 tons. This drop was due to the growth of beet sugar exports from Russia to Asian CIS countries amid the following circumstances:

• high raw sugar market price;
• low price of Russian beet sugar in the domestic market.

General cargo

In January-February 2020, transshipment of general cargo at NCSP Group terminals was down by 25.2% or 659,000 tons year-over-year, and amounted to 1,955 thousand tons.

The reduction in volumes was mainly due to the drop to 1,729 thousand tons (-28.5%) or by 688,000 tons in ferrous metals and cast iron turnover amid unfavorable conditions in the foreign markets in the segment of finished products.

Transshipment volumes of non-ferrous metals reached 184,000 tons, an increase of 45,000 tons (+32.7%) thanks to strong activity in the aluminum market.

Turnover of timber and perishable cargo comprised 26,000 tons and 17,000 tons, respectively.

Container turnover

NCSP Group's container transshipment through its berths totaled 795,000 tons or 86,000 TEU in January-February 2020, which is 17.7% less in tons and in TEU compared to the previous year against the background of reduced volumes of freighted import containers.

Other cargo

In January-February 2020, the volume of other cargo transshipment at NCSP Group terminals made up 35,000 tons, which is 15,000 tons more against the same period in 2019.

NCSP Group's cargo turnover in January-February 2020/2019 (thousand tons)

	January-February		Change
2020	2019	thousand tons	%
Cargo turnover, total	22,581.194	21,907.063	674,131	3.08%
Liquid cargo, total	18,663.227	17,344.898	1,318.329	7.60%
Crude oil	11,602.484	10,529.820	1,072.664	10.19%
Oil products	6,866.618	6,661.031	205,587	3.09%
UAN	112,826	107,500	5,326	4.95%
Oils	81,299	46,547	34,752	74.66%
Bulk cargo, total	1,132.745	961,559	171,186	17.80%
Iron ore raw materials	743,174	435,390	307,783	70.69%
Other ore cargo	10,615	16,363	-5,748	-35.13%
Chemical cargo	133,111	128,454	4,657	3.63%
Coal	241,255	243,832	-2,577	-1.06%
Sugar and other	4,590	137,520	-132,929	-96.66%
General cargo, total	1,955.497	2,614.681	-659,184	-25.21%
Ferrous metals and cast iron	1,729.293	2,417.448	-688,155	-28.47%
Timber	25,560	51,587	-26,027	-50.45%
Timber (thousand cubic meters)	46,472	93,794	-47,322	-50.45%
Nonferrous metals	184,052	138,650	45,402	32.75%
Perishable cargo	16,592	6,996	9,596	137.16%
Containers	794,624	965,965	-171,341	-17.74%
Containers	794,624	965,965	-171,341	-17.74%
Containers (thousand TEU)	86,463	105,102	-18,639	-17.73%
Other cargo	35,101	19,960	15,140	75.85%

NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft. 

NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group's cargo turnover in 2019 amounted to 142.5 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, Baltic Stevedore Company LLC, and JSC SFP. PJSC NCSP and PJSC Transneft own NCS LLC on a parity basis.

For more information, please contact:

For press: MSidorov@ncsp.com

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ISIN:	US67011U2087
Category Code:	MSCM
TIDM:	NCSP
LEI Code:	LEIA0010014976
Sequence No.:	57893
EQS News ID:	1020401

End of Announcement	EQS News Service

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