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28.08.2015 NCSP Group Financial Results for H1 2015 Net Profit $250 million

Novorossiysk Commercial Sea Port Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated financial results for the six months ended 30 June 2015.


NCSP Groups consolidate revenue for 6M 2015 amounted to $438 million versus $511 million for H1 2014.

Groups EBITDA in the reporting period grew by $23 million* and reached $328 million*. EBITDA margin reached 75%*.

Net income for the first half of 2015 totaled $250 million, growing 81% year-on-year.

Managements discussion and analysis of the H1 2015 consolidated financial results will be presented at the conference call for investors and analysts to be held 31 August 2015 at 17:00 Moscow time (15:00 GMT / 10:00 am New York).


NCSP Groups key operating and financial indicators


(thousands of US dollars, unless otherwise indictated)

6M 2015

6M 2014

Revenue

438 118

511 100

EBITDA*

328 119

304 808

EBITDA margin(%)*

74,9%

59,6%

Profit for the period

250 282

137 867

30.06.2015

31.12.2014

Debt (including financial lease obligations)

1589507

1 741 365

Cash and equivalents

301 029

310 723

Net debt *

1 288 478

1 430 642

Net debt/LTM EBITDA*

2,17

2,51

6 2015

6 2014

Cargo turnover (thousand tonnes)*

70185

68 744


* Management accounts


NCSP Groups consolidated financial statements to IFRS for 6M 2015 can be downloaded from the Groups website at : http://nmtp.info/en/holding/investors/reporting/msfo/


About NCSP Group

NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.


Contacts

Kristina Senko, Public Relations; KSenko@ncsp.com

Mikhail Shchur, Investor Relations; MShchur@ncsp.com


Conference call and webcast for investors & analysts

The call will be held on 31 August 2015 at 17:00 Moscow time (15:00 GMT / 10:00 am New York) in Russian, English translation available on a separate line.

Webcast and slide-show are available in English only.

Media are welcome to join the call in listen-only mode.

The call will be hosted by:

Sultan Batov, CEO of PJSC NCSP

German Kachan, Chief Accountant of PJSC NCSP

Mikhail Shchur, Investor Relations Director, PJSC NCSP

Call title: NCSP FINANCIAL RESULTS FOR H1 2015

Russian call ID: 18594501

English call ID: 18657767

Dial-in numbers:

Russia +7 499 6771036

UK +44 (0) 0844 4933800

US +1 631 510 7498

Other +44 (0) 1452 555566

English only webcast & slide-show link:
https://engage.vevent.com/rt/nmtp/index.jsp?seid=62

 

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