07.06.2016 NCSP Group Consolidated Financial Results for Q1 2016

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results
for the three months ended 31 March 2016.

NCSP Group’s revenue in Q1 206 totaled $221.3 million, showing 0.7% year-on-year increase.

Group’s EBITDA increased by $23.4 million* or 13.9%* year-on-year and totaled $191.7 million*. EBITDA margin was up 10.1 percent point to 86.7%*.

Net profit for Q1 2016 increased almost three times year-on-year and reached $210.2 million.

Cash and cash equivalents at Group’s disposal increased twofold compared to that on 31.12.2015 and reached $238.7 million.

Group’s debt including financial lease did not change materially, while Net Debt/EBITDA ratio improved to 1.87* versus 2.14* at the beginning of the year, due to increase in cash.

NCSP Group Key Financial and Operating Indicators

(thousand US dollars)	Q1 2016	Q1 2015	Change	Change %
Revenue	221 265	219 834	1 431	0.7%
EBITDA*	191 735	168 376	23 359	13.9%
EBITDA margin*	86.7%	76.6%
Profit for the period	210 203	71 001	139 202	196.1%
(thousand US dollars)	31.03.2016	31.12.2015	Change	Change %
Debt (including financial lease)	1 510 394	1 511 516	(1 122)	(0.1%)
Cash and cash equivalents	238 677	108 671	130 006	119.6%
Net debt*	1 271 717	1 402 845	(131 128)	(9.3%)
Net debt / LTM EBITDA*	1.87	2.14
(thousand tonnes)	Q1 2016	Q1 2015	Change	Change %
Cargo turnover	37 019	35 626	1 393	3.9%

* Management accounts

NCSP Group’s consolidate financial statements available for download at: http://nmtp.info/holding/investors/reporting/msfo/

Conference call and webcast for investors & analysts will be held on Tuesday, June 7, 2016 at 17:00 Moscow time (15:00 GMT / 10:00 New York).

The call will be held 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 GROUP Q1 2016 FINANCIAL RESULTS

Russian call ID: 27196566; English call ID: 26315442

Webcast and slideshow (English only):
https://engage.vevent.com/rt/nmtp/index.jsp?seid=78

Dial-in numbers:

Russia +7 499 6771036; UK +44 (0) 0844 4933800; US +1 631 510 7498; Other +44 (0) 1452 555566

 

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. 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 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled $ 877 million, and EBITDA $657* million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.

* Management accounts

Contacts

Kristina Senko, Public Relations:                      KSenko@ncsp.com

Mikhail Shchur, Investor Relations:                    MShchur@ncsp.com