Earnings Release • Oct 8, 2019
Earnings Release
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07-Oct-2019 / 18:00 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.
NCSP Group's consolidated cargo turnover for 8months of 2019 totaled 97.6million tons
October 7, 2019
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 8months of 2019 grew by 7.9% 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.)
Increase in crude oil transshipmentvolumes (+23%) amid the general growth in export of this raw material from Russia.
Growth in chemicals transshipment volumes (+22.4%) due to increased shipments of hazardous mineral fer8lizers to South and North America,as well as of non-hazardous mineral fer8lizers to the Middle East countries.
Increase in iron ore raw materials transshipment (+25.1%) due to high exportac8vity.
In January-August 2019, liquid cargo transshipments at NCSP Group's terminals grew by 15% or 10,159 thousand tons compared to the same period lastyearand totaled 77,814 thousand tons.
Crude oil transshipment volume totaled 53,449 thousand tons in January-August 2019. Compared to the same period in 2018, the increase was 23% (9,998 thousand tons), which is 10.2 p.p higher than the industry rate. The volume of oil products transshipment raised by 0.8% or 177 thousand tons to 23,619 thousand tons.
In January-August 2019, the volume of liquid fer8lizers (UAN) and seed oils transshipment decreased by 2.3% and 1.8%, respec8vely.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC shipped 218 thousand tons of seed oils in January-August 2019.
In January-August 2019, the normalized turnover of bulk cargo at NCSP Group's terminals (with the sale of NGTLLC taken into account) had a decrease of 17.4% compared to January-August 2018,and totaled 6,707 thousand tons.
Iron ore raw materials turnovergrew by 25.1% or 409 thousand tons to 2,041 thousand tonsagainst the backdrop of high exportac8vity.
Coal transshipments decreased by 10.2% y-o-y to 945 thousand tons due to unfavorable condi8ons on foreign markets in 2019.
The turnover of chemical productsgrew by 22.4% or 89 thousand tonsand amounted to 487 thousand tons.
Raw sugar turnover was up 2.1 8mes or 251 thousand tonsand reached 373 thousand tons.
The volume of grain and other ore cargoes transshipment decreased by 43.7% and 4.3%, respec8vely.
In January-August 2019, general cargo transshipments at NCSP Group's terminals decreased by 12.2% or 1,221 thousand tons, totalling 8,794 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 1,007 thousand tons (-11.2%), amoun8ng to 7,955 thousand tons due to the introduc8on of custom du8es on imports of ferrous metals to the USA, as well as poor condi8ons on foreign markets and high prices on domes8c markets.The overall decrease for the industry was 11.5%.
Timbercargo transshipments dropped by 7.7% or 15 thousand tons to 186 thousand tons.
The volume of nonferrous metals transshipment decreased to 613 thousand tons (by 10.7%). Perishable cargoes turnover amounted to 39 thousand tons.
In January-August 2019, container turnover through NCSP Group's berths amounted to 4,169 thousand tons, which is 1.7% less than the transshipmentvolume for the same period lastyear. Cargo turnover in twenty-foot equivalent increased by 19 thousand TEU to 445 thousand TEU or by 4.4%.
| January-August | Change | |||
|---|---|---|---|---|
| 2019 | 2018 | thousand tons | % | |
| Cargo turnover, total | 97,628 90,519 | 7,110 | 7.9% | |
| Liquid cargo, total | 77,814 67,655 | 10,159 | 15.0% | |
| Crude oil | 53,449 43,451 | 9,998 | 23.0% | |
| Oil products | 23,619 23,443 | 177 | 0.8% | |
| UAN | 516 | 528 | -12 | -2.3% |
| Oils | 230 | 234 | -4 | -1.8% |
| Bulk cargo, total | 6,707 | 8,117 | -1,410 | -17.4% |
| Grain | 2,628 | 4,670 | -2,041 | -43.7% |
| Chemical cargo | 487 | 398 | 89 | 22.4% |
| Sugar | 373 | 122 | 251 | 205.8% |
| Iron ore raw materials | 2,041 | 1,631 | 409 | 25.1% |
| Other ore cargo | 233 | 243 | -11 | -4.3% |
| Coal | 945 | 1,053 | -107 | -10.2% |
| General cargo, total | 8,794 | 10,016 | -1,221 | -12.2% |
| Ferrous metals and cast iron | 7,955 | 8,962 | -1,007 | -11.2% |
| Timber | 186 | 202 | -15 | -7.7% |
| Timber (thousand cubic meters) | 339 | 367 | -28 | -7.7% |
| Nonferrous metals | 613 | 686 | -72 | -10.6% |
| Perishable cargo | 39 | 166 | -126 | -76.2% |
| Containers | 4,169 | 4,239 | -70 | -1.7% |
| Containers | 4,169 | 4,239 | -70 | -1.7% |
| Containers (thousand TEU) | 445 | 426 | 19 | 4.4% |
| Other | 144 | 492 | -348 | -70.7% |
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 consolidated cargo turnover for HY 2019 totaled 71.75 million tons. The Group's consolidated revenue as per IFRS totaled USD 2018 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, Baltic Stevedore Company LLC, and SFP LLC.
For more information, please contact: For press: [email protected]
ISIN: US67011U2087 Category Code:MSCM TIDM: NCSP LEICode: LEIA0010014976 Sequence No.: 22632 EQS News ID: 886437
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