Novorossiysk Commercial Sea Port (NMTP)

Earnings Release • Dec 30, 2021

National Storage Mechanism | Additional information

PJSC 'Novorossiysk Commercial Sea Port' (NCSP)

NCSP Group's consolidated cargo turnover for 11M 2021 increased by 3.8%

30-Dec-2021 / 12:30 MSK

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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NCSP Group's consolidated cargo turnover for 11M 2021 increased by 3.8%

NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 105.2 million tonnes (+3.8%).

Liquid cargo

Transshipment of liquid cargo was up by 3.5 million tonnes (+4.3%) to 84.1 million tonnes. Transshipment of oil products surged by 2.1 million tonnes (7.2%), which is 4.2 p. p. higher compared to overall industry indicators.

"Oil turnover increased by 1.5 million tonnes (+2.9%) amid the growth of transshipment through Primorsk Trade Port LLC," General Director of PJSC NCSP Sergey Kireev noted.

Dry cargo

Dry cargo transshipment grew by 1.6% to 21.1 million tonnes. The drivers behind the growth were raw sugar, chemical cargo and containers:

• Raw sugar cargo turnover was up 6 times compared to the previous 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 volume touched 1.2 million tonnes (+64% / 0.5 million tonnes) due to increased export of non-hazardous fertilizers at the direct option. In the meantime, the turnover of chemical cargo dropped by 0.8% industrywide.
• Turnover of containers grew to 4.3 million tonnes (+6.4% / 0.3 million tonnes) mainly due to an increase in transshipment volumes through the BSC LLC terminal. According to Sergey Kireev, the growth rates of cargo turnover (TEU) across NCSP Group amounted to 22.5%, 16 p.p. higher than in the industry as a whole.

NCSP Group's cargo turnover for 11M 2021/2020 (thsd t)

	January-November		Change
2021	2020	thsd t	%
Cargo turnover, total	105,216.879	101,402.859	3,814.019	3.76%
Liquid cargo, total	84,096.715	80,625.462	3,471.253	4.31%
Crude oil	51,272.506	49,821.213	1,451.293	2.91%
Oil products	31,847.004	29,716.885	2,130.119	7.17%
UAN	660.526	669.224	-8.697	-1.30%
Oils	316.678	418.140	-101.462	-24.27%
Bulk cargo, total	6,497.421	6,436.728	60.693	0.94%
Iron ore raw materials	3,423.298	4,446.344	-1,023.046	-23.01%
Other ore cargo	43.743	45.443	-1.700	-3.74%
Chemical cargo	1,169.854	712.569	457.285	64.17%
Coal	1,135.805	1,111.933	23.872	2.15%
Sugar	724.720	120.438	604.282	501.74%
General cargo, total	10,047.559	9,955.263	92.296	0.93%
Ferrous metals and cast iron	8,870.675	8,708.688	161.987	1.86%
Timber	147.909	194.628	-46.719	-24.00%
Timber (thsd cubic m)	264.760	353.869	-89.109	-25.18%
Nonferrous metals	781.186	900.408	-119.223	-13.24%
Perishable cargo	247.790	151.539	96.251	63.52%
Containers	4,301.063	4,043.832	257.232	6.36%
Containers	4,301.063	4,043.832	257.232	6.36%
Containers (thsd TEU)	519.159	423.765	95.394	22.51%
Other	274.120	341.575	-67.455	-19.75%

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 «SFP» LLC. 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
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	133550
EQS News ID:	1263521

End of Announcement	EQS News Service

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