Novorossiysk Commercial Sea Port (NMTP)

Regulatory Filings • Nov 9, 2021

National Storage Mechanism | Additional information

PJSC 'Novorossiysk Commercial Sea Port' (NCSP)

Consolidated cargo turnover of NCSP Group for 9M 2021 year-over-year

09-Nov-2021 / 15:30 MSK

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Consolidated cargo turnover of NCSP Group

for 9M 2021 year-over-year

NCSP Group's (LSE: NCSP, MOEX: NMTP) cargo turnover totals 84.9 million tons (+0.6%).

Liquid cargo

Transshipment of liquid cargo was up by 0.1 million tons (+0.2%) to 67.6 million tons. The growth in transshipment of oil products (by 1 million tons, +4.1%) offset a decrease in crude oil turnover (by 0.8 million tons, -1.9%).

The growth rates of oil product transshipment are higher than the overall growth rates in the industry by 1 p.p.

Dry cargo

Dry cargo transshipment increased by 2.5%, to 17.3 million tons. The drivers behind this growth were mainly containers, as well as raw sugar, chemical cargo, ferrous metals, and cast iron:

• Turnover of containers grew to 3.5 million tons (+8.6% / 0.3 million tons ) mainly due to an increase in transshipment volumes through the BSC LLC terminal. The growth rates of cargo turnover (TEU) across NCSP Group amounted to 25%, 18 p.p. higher than in the industry as a whole.
• Raw sugar cargo turnover was up 11 times compared to last year and amounted to 0.6 million tons. This is thanks to the higher 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 0.9 million tons (+61% / 0.4 million tons) due to increased export of fertilizers at the direct option. In the meantime, the turnover of chemical cargo dropped by 2% industrywide.
• The growth in transshipment of ferrous metals and cast iron to 7.3 million tons (+2.1% / 0.2 million tons) was ensured by high export demand amid the record prices in world markets. 

NCSP Group's cargo turnover for 9M 2021/2020 (thsd t)

	January-September		Change
2021	2020	thsd t	%
Cargo turnover, total	84,939.638	84,401.330	538.308	0.64%
Liquid cargo, total	67,632.905	67,518.552	114.353	0.17%
Crude oil	40,750.135	41,533.765	-783.630	-1.89%
Oil products	26,108.515	25,077.823	1,030.692	4.11%
UAN	512.149	541.136	-28.987	-5.36%
Oils	262.106	365.828	-103.721	-28.35%
Bulk cargo, total	5,342.543	5,247.672	94.872	1.81%
Iron ore raw materials	2,825.520	3,645.912	-820.392	-22.50%
Other ore cargo	24.201	45.443	-21.242	-46.74%
Chemical cargo	949.123	589.356	359.767	61.04%
Coal	916.624	907.871	8.753	0.96%
Sugar	627.074	59.089	567.986	961.24%
General cargo, total	8,276.894	8,145.281	131.613	1.62%
Ferrous metals and cast iron	7,314.596	7,160.829	153.767	2.15%
Timber	107.595	133.868	-26.273	-19.63%
Timber (thsd cubic m)	191.463	243.397	-51.934	-21.34%
Nonferrous metals	655.912	741.970	-86.058	-11.60%
Perishable cargo	198.790	108.613	90.177	83.03%
Containers	3,478.325	3,203.238	275.087	8.59%
Containers	3,478.325	3,203.238	275.087	8.59%
Containers (thsd TEU)	424.663	338.717	85.946	25.37%
Other	208.970	286.587	-77.617	-27.08%

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
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	126385
EQS News ID:	1247457

End of Announcement	EQS News Service

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