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09.12.2020 NCSP Group Consolidated Financial and Operating results for 9 months 2020

NCSP Group (LSE: NCSP, MOEX: NMTP) announces its consolidated financial results for the nine months, ended 30 September 2020, prepared under International Financial Reporting Standards (IFRS).


NCSP Group cargo transshipment for 9 months 2020 totaled 84, 4 mln. tons, including 67,5 mln. tons of liquid cargo and 16,9 mln. tons of dry cargo.


NCSP’s Group consolidated revenue for 9 months 2020 totaled $481,5 mln., which is $184,0 mln. less (or 27,6%) vs 9m 2019. Revenue deviation was due to the crude oil cargo transshipment decline in Russian seaports, which was attributable to COVID-19 and OPEK+ agreement from May 1, 2020.


Group’s EBITDA in the reporting period totaled $327,7 mln. Cash and cash equivalents at 30 September 2020 totaled $138,9 mln. Net debt increased to $573,8 mln.


NCSP Group Key Financial Metrics* for 9 months 2020


Financial Metrics

 

9m 2020

9m 2019

Change

Change %

Revenue

mln.USD

481,5

665,5

-184,0

-27,6%

EBITDA

mln.USD

327,7

500,8

-173,1

-34,6%

EBITDA Margin

%

68,1

75,3

-7,2

-

Profit for the period

mln.USD

58,9

810,5

-751,6

-92,7%

 

 

30.09.2020

31.12.2019

Change

Change %

Debt (incl. lease)

mln.USD

712,7

820,6

-107,9

-13,1%

Cash and equivalents

mln.USD

138,9

433,5

-294,6

-68,0%

Net debt

mln.USD

573,8

387,1

186,7

48,2%


NCSP Group consolidated financial information in compliance with IFRS for 9 months 2020 is available for downloading at:

http://nmtp.info/en/holding/investors/reporting/msfo/


*9 months 2019 financial data includes the results of LLC “NZT” activities (LLC “NZT” was sold in May 2019).


NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC Transneft.

PJSC NCSP shares are traded on Moscow Exchange (ticker: NMTP) and London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group is comprised of the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and LLC SFP. PJSC NCSP and PJSC Transneft own LLC Novorossiysk Fuel Oil Terminal (NFT) on a parity basis.


Contacts

Public Relations: MSidorov@ncsp.com

Investor Relations: IR@ncsp.com



 

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