Investor Presentation • Dec 4, 2018
Investor Presentation
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NCSP Group Financial Results For The Nine Months 2018 03.12.2018
All statements in this presentation, other than historical facts, that address company's business are looking forward statements. Although NCSP believes that expectations expressed in such forward looking statements are based on reasonable assumptions, such statements should not in any way be construed as guarantees of future performance. Factors that could cause developments to differ materially from those expressed include overall market conditions. The company is subject to specific risks inherent in the stevedoring business and general economic and business conditions. Any statement or number in this presentation may be changed, depending on market conditions and other relevant developments.
NCSP Group ranks №1 in the Russian port sector and №3 among European ports by volume, holding strategic market share in transshipment of all key export commodities at Russian seaports
NCSP Group Market Share as Part of Total Volumes of the Russian Seaports in 2017
| Volumes | 105,2 mln tons |
|||
|---|---|---|---|---|
| Revenue | \$ 712,5 mln | |||
| EBITDA* | \$ 512,9 mln | |||
| EBITDA Margin* | 72,0 % | |||
| Debt | \$ 1 111,3 mln | |||
| Net debt* | \$ 776,0 mln | |||
Volumes 105,2 mln tons Cash \$ 335,3 mln
| (in thousand US dollars) | 9М 2018 | 9М 2017 | Change | Change % |
|---|---|---|---|---|
| Revenue | 712 500 | 661 557 | 50 943 | 7,7% |
| Stevedoring services | 566 582 | 520 420 | 46 162 | 8,9% |
| Additional port services | 129 724 | 81 957 | 47 767 | 58,3% |
| Fleet services | 9 933 | 52 035 | -42 102 | -80,9% |
| Other | 6 261 | 7 145 | -884 | -12,4% |
| COS | 223 308 | 194 795 | 28 513 | 14,6% |
| SG&A | 43 078 | 46 030 | -2 952 | -6,4% |
| EBITDA* | 512 931 | 482 453 | 30 478 | 6,3% |
| EBITDA margin (%)* | 72,0% | 72,9% | ||
| Profit for the period | 215 698 | 359 354 | -143 656 | -40,0% |
| 30.09.2018 | 31.12.2017 | Change | Change % | |
| Debt (including financial lease obligations) | 1 111 311 | 1 196 425 | -85 114 | -7,1% |
| Cash and cash equivalents | 335 322 | 121 528 | 213 794 | 175,9% |
| Net debt* | 775 989 | 1 074 897 | -298 908 | -27,8% |
| Net debt / LTM EBITDA* |
1,13 | 1,64 |
| (thousands tons) | 9М 2018 | 9М 2017 | Change | Change % |
|---|---|---|---|---|
| Cargo turnover, total | 105 166 | 107 742 | -2 576 | -2,4% |
| Liquid cargo, total | 75 493 | 80 799 | -5 306 | -6,6% |
| Crude oil | 48 848 | 56 951 | -8 103 | -14,2% |
| Oil products | 25 819 | 23 055 | 2 764 | 12,0% |
| UAN | 583 | 456 | 127 | 27,9% |
| Seed oils | 243 | 337 | -94 | -27,9% |
| Bulk cargo, total | 13 297 | 11 915 | 1 382 | 11,6% |
| Grain | 9 447 | 7 465 | 1 982 | 26,6% |
| Mineral fertilizers | 425 | 572 | -147 | -25,7% |
| Sugar | 128 | 422 | -294 | -69,7% |
| Iron ore and ore concentrate | 2 111 | 1 894 | 217 | 11,5% |
| Coal | 1 186 | 1 563 | -377 | -24,1% |
| General cargo, total | 10 993 | 10 339 | 654 | 6,3% |
| Ferrous metals | 9 991 | 8 987 | 1 004 | 11,2% |
| Timber | 244 | 296 | -52 | -17,6% |
| Non-ferrous metals | 758 | 868 | -110 | -12,7% |
| Perishable cargo | 188 | -188 | -100,0% | |
| Containers | 4 681 | 4 386 | 295 | 6,7% |
| Containers (thousand TEU) | 469 | 439 | 30 | 6,8% |
| Other | 702 | 303 | 399 | 131,7% |
All statements in this presentation, other than historical facts, that address company's business are forward looking statements. Although NCSP believes that expectations expressed in such forward looking statements are based on reasonable assumptions, such statements should not in any way be construed as guarantees of future performance. Factors that could cause developments to differ materially from those expressed include overall market conditions. The company is subject to specific risks inherent in the stevedoring business and general economic and business conditions. Any statement or number in this presentation may be changed, depending on market conditions and other relevant developments.
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2017*. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk Shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and JSC SFP.
* Management accounts
Public Relations: [email protected] Investor Relations: [email protected]
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