Business and Financial Review • Aug 2, 2019
Business and Financial Review
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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.
NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo turnover of NCSP Group (with the sale of NGT LLC taken into account) for first Half Year of 2019 grew by 3.9% against 2018 (Normalized indicators of NCSP Group's cargo turnover for 2018-2019: the grain turnover through NGTLLC and Berth No. 3 from May 1, 2018 to December 31, 2018 are not taken into account in the transshipmentvolume).
In January-June 2019, liquid cargo transshipments at NCSP Group's terminals grew by 10.3% or 5,206 thousand tons compared to the same period lastyearand totaled 55,879 thousand tons.
The volume of crude oil transshipment in January-June 2019 had an increase of 15.8% compared to the same period in 2018 and amounted to 37,438 thousand tons.The turnover of oil productsgrew by 1.2% or 219 thousand tonsand reached 17,926 thousand tons.
The volume of liquid fer7lizers (UAN) transshipment was down by 12.7%,and transshipment of seed oilsalso reduced by 27.1% compared to January-June 2018.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC shipped 149.1 thousand tons in January-June 2019.
In January-June 2019, the normalized turnover of bulk cargo at NCSP Group's terminals (with the sale of NGT LLC taken into account) had a decrease of 23.4% compared to January-June 2018 and totaled 5,588 thousand tons.
The cargo turnover of iron ore raw materialsgrew by 17.2% or 222 thousand tons to 1,511 thousand tons.
Coal transshipments decreased by 16.4% y-o-y to 676 thousand tons due to unfavorable condi7ons on foreign markets in 2019.
The turnover of chemical productsgrew by 57.3% or 132 thousand tonsand amounted to 363 thousand tons.
Transshipment of other ore cargo reduced by 17.3% or 33 thousand tons to 158 thousand tons.
Raw sugar turnover was up by 106% or 129 thousand tonsand reached 251 thousand tons.
Grain transshipments dropped by 43,5 thousand tons (-43.5%) against the background of poor harvestand a decrease in exports from Russia.
In January-June 2019, general cargo transshipments at NCSP Group's terminals decreased by 8.3% or 626 thousand tons totalling 6,941 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 6% or 400 thousand tons, amoun7ng to 6,314 thousand tons due to the introduc7on of custom du7es on imports of ferrous metals to the USA.
Timbercargo turnover dropped by 4% or 6 thousand tons to 146 thousand tons.
Non-ferrous metalsand perishable freight transhipments dropped to 445 thousand tonsand 36 thousand tons, respec7vely.
In January-June 2019, the turnover of containers through NCSP Group's berths amounted to 3,245 thousand tons or 341 thousand TEU, which is 1.7% in tonsand 5.2% in TEUmore than in January-June 2018.
In January-June 2019, turnover of other cargoes at NCSP Group's terminals amounted to 98 thousand tons, down by 72.9% compared to January-June lastyear.
Normalized cargo turnover of NCSP Group for HY 2019/2018 in thousand tons (with thesale of NGT LLC taken into account)
January-June Change
| January-June | Change | |||
|---|---|---|---|---|
| 2019 | 2018 | thousand tons | % | |
| Cargo turnover, total | 71,750 69,083 | 2,667 | 3.9% | |
| Liquid cargo, total | 55,879 50,673 | 5,206 | 10.3% | |
| Crude oil | 37,438 32,340 | 5,098 | 15.8% | |
| Oil products | 17,926 17,707 | 219 | 1.2% | |
| UAN | 352 | 404 | -51 | -12.7% |
| Oils | 161 | 222 | -60 | -27.1% |
| Bulkcargo, total | 5,588 | 7,291 | -1,703 | -23.4% |
| Grain | 2,628 | 4,648 | -2,020 | -43.5% |
| Chemical cargo | 363 | 231 | 132 | 57.3% |
| Sugar | 251 | 122 | 129 | 106.0% |
| Iron ore raw materials | 1,511 | 1,289 | 222 | 17.2% |
| Other ore cargo | 158 | 191 | -33 | -17.3% |
| Coal | 676 | 809 | -133 | -16.4% |
| General cargo, total | 6,941 | 7,567 | -626 | -8.3% |
| Ferrous metalsand cast iron | 6,314 | 6,714 | -400 | -6.0% |
| Timber | 146 | 152 | -6 | -4.0% |
| Timber (thousand cubic meters) | 265 | 276 | -11 | -4.0% |
| Nonferrous metals | 445 | 538 | -93 | -17.3% |
| Perishable cargo | 36 | 163 | -127 | -77.9% |
| Containers | 3,245 | 3,191 | 53 | 1.7% |
| Containers | 3,245 | 3,191 | 53 | 1.7% |
| Containers (thousand TEU) | 341 | 324 | 17 | 5.2% |
| Othercargo | 98 | 361 | -263 | -72.9% |
NCSP Group is the largest port operator in Russia by cargo turnover. Its controllingshareholder (62%) is PJSC TransneB. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group's volumes totaled 140.2 million tons in 2018. The Group's consolidated revenue totaled USD 951 million in 2018. NCSP Group is comprised of PJSC Novorossiysk Commercial Sea Port, PrimorskTrade Port LLC, JSC NovorossiyskShip RepairYard, JSC NCSP Fleet, JSC NLE, IPP LLC, NCSLLC, Bal7cStevedore Company LLC,and JSC SFP.
Formore informa>on, please contact:
For press: [email protected]
ISIN: US67011U2087 Category Code:MSCM TIDM: NCSP LEICode: LEIA0010014976 Sequence No.: 15376 EQS News ID: 850137
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