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01.04.2021 NCSP Group's consolidated financial and operational results for 12 months 2020

NCSP Group (LSE: NCSP; MOEX: NMTP) publishes its consolidated financial results for the 12 months of 2020 prepared in accordance with the International Financial Reporting Standards (IFRS).

Consolidated cargo turnover of NCSP Group for the 12 months of 2020 totaled 110.6 mln tons, including 87.8 mln tons of liquid and 22.8 mln tons of dry cargo, which is 31.9, 26.6 and 5.3 mln tons down year-on-year, respectively. The cargo turnover was mainly impacted by the reduction of crude oil transshipment due to COVID-19 pandemic and implementation of the OPEC+ agreement since May 1, 2020 to limit oil production.

Consolidated revenue of NCSP Group for the 12 months of 2020 totaled USD 632,3 mln, which is USD 234,1 mln (or 27%) less compared to the 12 months of 2019. The factors that affected the revenue are identical to those that had an impact on the cargo turnover.

EBITDA of NCSP Group amounted to USD 425,8 mln in the reporting period. Cash and cash equivalents as of December 31, 2020 stood at USD 190,6 mln The Group's net debt increased by USD 24,4 mln on the back of lower free cash balances due to significant dividend payments in 2020.


NCSP Group's key financial indicators for 12 months 2020

Indicator

UOM

12M 2020

12M 2019

Change

Change, %

Revenue

mln USD

632,3

866,4

-234,1

-27,0%

EBITDA

mln USD

425,8

646,5

-220,7

-34,1%

EBITDA margin

%

67.3

74.6

-7.3

-

Profit for period

mln USD

67,1

943,3

-876,2

-92,9%

Dec 31, 2020

Dec 31, 2019

Change

Change, %

Debt (incl. leasing)

mln USD

602,1

820,6

-218,5

-26,6%

Cash and cash equivalents

mln USD

190,6

433,5

-242,9

-56,0%

Net debt

mln USD

411,5

387,1

24,4

6,3%


NCSP Group's consolidated financial statements as per IFRS for the 12 months of 2020 are published at:

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


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

NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group comprises PJSC NCSP, LLC PTP, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, IPP Ltd, LLC Baltic Stevedore Company, and SFP LLC. PJSC NCSP and PJSC Transneft own LLC NFT on a parity basis.


 

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