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03.04.2017 NCSP Group Consolidated Financial Results for Full Year 2016

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

NCSP Groups revenue for 12M 2016 totaled $865.6 million.

Groups EBITDA increased by $18.5 million* or 2.8%* y-o-y and totaled $675.5 million*.

Net profit for 2016 totaled $638.2 million versus net loss of $83.4 million in 2015.

Cash and cash equivalents doubled since the last year and reached $234.1 million.

The Groups debt including financial lease reduced by $115.7 million, while net debt reduced by $241.1 million or 17.2% y-o-y.

Net debt/EBITDA ratio improved to 1.72* versus 2.14* at the end of 2015.

NCSP Group Key Financial Indicators

(in thousand USD)

2016

2015

Change

Change %

Revenue

865 591

877 191

-11 600

-1.3%

EBITDA*

675 481

657 018

18 463

2.8%

Profit for the period

632 834

-83 427

716 261

(in thousand USD)

31.12.2016

31.12.2015

Change

Change %

Debt (including financial lease)

1 395 835

1 511 516

-115 681

-7.7%

Cash and cash equivalents

234 138

108 671

125 467

115.5%

Net debt*

1 161 697

1 402 845

-241 148

-17.2%

Net debt / LTM EBITDA*

1.72

2.14

* Management accounts

NCSP Groups consolidated financial statements for 2016 are available at: http://nmtp.info/en/holding/investors/reporting/msfo/


Conference call and webcast for investors & analysts with NCSP Groups management will be held on Tuesday, April 4, 2017 at 18:30 Moscow time.

Call title: NCSP Group 2016 Full Year Financial Results

Russian call ID: 99339654

English call ID: 25800915

Dial-in numbers:

Russia: +7495221 6523; 8 108002 041 40 11

UK and Europe: +44203 043 24 40; 0 808 238 17 74

USA: +1877 887 41 63

English webcast registration link

http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=4475

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 volumes in 2016 totaled 146,9 million tons. Consolidated revenue to IFRS in 2015 totalled USD 877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.

Contacts

Kristina Senko, Public Relations:KSenko@ncsp.com

Mikhail Shchur, Investor Relations: MShchur@ncsp.com

 

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