Earnings Release • Nov 8, 2019
Earnings Release
Open in ViewerOpens in native device viewer
07-Nov-2019 / 17:30 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.
NCSP Group (LSE: NCSP, MOEX: NMTP) informs the normalized cargo turnover of NCSP Group (with the sale of NGT LLC taken into account) for 9months of 2019 grew by 9.3% against 2018. (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.)
Increase in crude oil transshipmentvolumes (+24.7%) amid the general growth in export of this raw material from Russia.
Growth in chemicals transshipment volumes (+26.4%) due to increased shipments of hazardous mineral fer8lizers to South and North America,as well as non-hazardous mineral fer8lizers to the Middle East countries.
Increase in iron ore raw materials transshipment (+25.3%) due to high exportac8vity.
In January-September 2019, liquid cargo transshipments at NCSP Group's terminals grew by 16.6% or 12,517 thousand tons compared to the same period lastyearand totaled 88,097 thousand tons.
The crude oil transshipment volume for 9 months of 2019 totaled 60,910 thousand tons. Compared to the same period in 2018, the increase was 24.7% (12,061 thousand tons), which is 13.6 p.p. higher than the industry rate.The volume of oil products transshipment raised by 1.7% or 439 thousand tons to 26,345 thousand tons.
In January-September 2019, the volume of transshipment of liquid fer8lizers (UAN) remained at the level of 2018. The turnover of seed oils grew by 7.4% or 18 thousand tonsand reached 261 thousand tons.
At its seed oil transshipment terminal (launched in November 2018), IPP LLC shipped 248 thousand tons of seed oils in January-September 2019.
In January-September 2019, the normalized turnover of bulk cargoesat NCSP Group's terminals (with the sale of NGTLLC taken into account) had a decrease of 13.8% or 1,174 thousand tonsy-o-yand totaled 7,346 thousand tons.
Iron ore raw materials turnovergrew by 25.3% or 470 thousand tons to 2,324 thousand tonsagainst the backdrop of high exportac8vity.
The volume of coal transshipment decreased by 2.7% or 32 thousand tons, to 1,155 thousand tons due to unfavorable condi8ons on foreign markets in the first half of 2019.
The turnover of chemical productsgrew by 26.4% or 112 thousand tonsand amounted to 537 thousand tons.
Raw sugar turnover was up 3.6 8mes or 334 thousand tonsand reached 462 thousand tons.
Transshipment of other ore cargoes decreased by 6.5%, respec8vely.
In January-September 2019, general cargo transshipments at NCSP Group's terminals decreased by 12.9% or 1,443 thousand tons, totalling 9,716 thousand tons.
Ferrous metals and cast iron transshipments had a decrease of 1,266 thousand tons (-12.7%), amoun8ng to 8,725 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 the domes8cmarket.
Timbercargo transshipments dropped by 8.4% or 21 thousand tons to 223 thousand tons.
Nonferrous metals transshipments dropped by 4% or 31 thousand tons to 727 thousand tons. Perishable cargoes turnover amounted to 40 thousand tons.
In January-September 2019, container turnover through NCSP Group's berths amounted to 4,524 thousand tons, which is 3.4% less than the transshipment volume for the same period last year. Cargo turnover in twenty-foot equivalent increased by 3.4% (19 thousand TEU) to 484 thousand TEU.
In January-September 2019, transshipments of othercargoesat NCSP Group's terminals totaled 151 thousand tons, which isa 71.9% decrease as compared to the same period of the previousyear.
Normalized cargo turnover of NCSP Group for January-September 2019/2018 in thousand tons (with thesale of NGT LLC taken into account)
| January-September | Change | |||
|---|---|---|---|---|
| 2019 | 2018 | thousand tons | % | |
| Cargo turnover, total | 109,834 | 100,475 | 9,359 | 9.3% |
| Liquid cargo, total | 88,097 | 75,580 | 12,517 | 16.6% |
| Crude oil | 60,910 | 48,849 | 12,061 | 24.7% |
| Oil products | 26,345 | 25,905 | 439 | 1.7% |
| UAN | 582 | 583 | -1 | -0.1% |
| Oils | 261 | 243 | 18 | 7.4% |
| Bulkcargo, total | 7,346 | 8,520 | -1,174 | -13.8% |
| Grain | 2,628 | 4,670 | -2,041 | -43.7% |
| Chemical cargo | 537 | 425 | 112 | 26.4% |
| Sugar | 462 | 128 | 334 | 260.7% |
| Iron ore raw materials | 2,324 | 1,854 | 470 | 25.3% |
| Other ore cargo | 240 | 257 | -17 | -6.5% |
| Coal | 1,155 | 1,186 | -32 | -2.7% |
| General cargo, total | 9,716 | 11,159 | -1,443 | -12.9% |
| Ferrous metalsand cast iron | 8,725 | 9,991 | -1,266 | -12.7% |
| Timber | 223 | 244 | -21 | -8.4% |
| Timber (thousand cubic meters) | 406 | 443 | -37 | -8.4% |
| Nonferrous metals | 727 | 758 | -31 | -4.0% |
| Perishable cargo | 40 | 166 | -126 | -75.6% |
| Containers | 4,524 | 4,681 | -157 | -3.4% |
| Containers | 4,524 | 4,681 | -157 | -3.4% |
| Containers (thousand TEU) | 484 | 469 | 16 | 3.4% |
| Other | 151 | 536 | -385 | -71.9% |
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 StockExchange asglobal depositary receipts (NCSP). NCSP Group's consolidated cargo turnover for HY 2019 totaled 71.75million tons.The Group's consolidated revenue as per IFRStotaled USD 951million 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, Bal8c Stevedore Company LLC,and SFP LLC.
Formore informa;on, please contact:
For press:[email protected]
ISIN: US67011U2087 Category Code:MSCM TIDM: NCSP LEICode: LEIA0010014976 Sequence No.: 27904 EQS News ID: 907609
End ofAnnouncementEQS News Service
Have a question? We'll get back to you promptly.