Novorossiysk Commercial Sea Port (NMTP)

Earnings Release • Dec 13, 2021

National Storage Mechanism | Additional information

PJSC 'Novorossiysk Commercial Sea Port' (NCSP)

NCSP Group's consolidated cargo turnover for 10M 2021 grows 2.9% YoY

13-Dec-2021 / 12:30 MSK

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NCSP Group's consolidated cargo turnover for 10M 2021 grows 2.9% YoY

NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 95.5 million tonnes.

Liquid cargo

"Transshipment of liquid cargo was up by 2.3 million tons (+3.2%) to 76.1 million tonnes. Volumes of oil products transshipment rose by 2 million tons (7.4%)," commented Sergey Kireev, General Director of PJSC NCSP. Crude oil also reflected a slight upward trend in this segment - an increase of 0.4 million tonnes (0.9%) - amid the growth of transshipment through Primorsk.

Dry cargo

Dry cargo transshipment surged by 2.1% to 19.3 million tonnes. "The drivers behind this growth were mostly containers, as well as raw sugar and chemical and perishable cargo," noted Sergey Kireev.

• Turnover of containers grew to 3.9 million tonnes (+6.8% / 0.2 million tonnes ) mainly due to higher transshipment volumes at the BSC LLC terminal. The growth rates of cargo turnover (TEU) across NCSP Group amounted to 23%, 17 p.p. higher than in the industry as a whole.
• Raw sugar cargo turnover was up 11.5 times compared to last year and amounted to 0.7 million tonnes. This is thanks to the improved demand from CIS Asian countries for imported raw sugar for processing against the backdrop of a decrease in exports of Russian white sugar.
• Chemical cargo transshipment touched 1 million tonnes (+65.4% / 0.4 million tonnes) due to growing exports of fertilizers at the direct option. In the meantime, the turnover of chemical cargo dropped by 2.7% industrywide.
• Volumes of perishable cargo transshipment improved to 0.2 million tonnes (+78.7% / 0.1 million tonnes).

NCSP Group's cargo turnover for 10M 2021/2020 (thsd t)

	January-October		Change
2021	2020	thsd t	%
Turnover, total	95,458.946	92,735.310	2,723.636	2.94%
Liquid cargo, total	76,141.158	73,809.255	2,331.903	3.16%
Crude oil	46,270.278	45,835.884	434.394	0.95%
Oil products	28,981.613	26,981.586	2,000.026	7.41%
UAN	612.126	599.926	12.201	2.03%
Oils	277.141	391.860	-114.719	-29.28%
Bulk cargo, total	5,979.283	5,813.080	166.203	2.86%
Iron ore raw materials	3,182.661	4,063.417	-880.756	-21.68%
Other ore cargo	24.201	45.443	-21.242	-46.74%
Chemical cargo	1,058.345	639.837	418.508	65.41%
Coal	1,034.004	1,005.295	28.709	2.86%
Sugar	680.072	59.089	620.983	1,050.93%
General cargo, total	9,218.245	9,165.916	52,329	0.57%
Ferrous metals and cast iron	8,131.345	8,052.646	78.699	0.98%
Timber cargo	131.642	158.780	-27.137	-17.09%
Timber (thsd sq m)	235.185	288.690	-53.505	-18.53%
Nonferrous metals	728.464	827.599	-99.136	-1.98%
Perishable cargo	226.794	126.891	99.903	78.73%
Containers	3,873.399	3,628.188	245.211	6.76%
Containers	3,873.399	3,628.188	245.211	6.76%
Containers (thsd TEU)	468.683	380.914	87.769	23.04%
Other	246.862	318.871	-72.009	-22.58%

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

NCSP Group comprises PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, SC NCSP Fleet, 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:	MSCH
TIDM:	NCSP
LEI Code:	LEIA0010014976
Sequence No.:	129840
EQS News ID:	1257133

End of Announcement	EQS News Service

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