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18.09.2015
NCSP Group Cargo Turnover for 8M 2015 Grew 2.6% and Reached 92.6 mln tonnes
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that its consolidated cargo turnover for 8M 2015 comprised 92.6 million tonnes, up 2.6% or 2.3 mln t year-on-year.
Transshipment of liquid cargo comprised 72 005 thousand tonnes ; bulk cargo – 7 697 thousand tonnes; general cargo – 9 407 thousand; and container cargo – 3 443 thousand tonnes.
Volumes of liquid cargo increased 1.2% year-on-year; bulk and general cargo increased 6% and 16.5% year-on-year respectively. Container traffic reduced 8.2% year-on-year in tonnes.
CEO of PJSC NCSP Sultan Batov commented on Group’s 8M 2015 operating results: «In the eight months of 2015 NCSP Group’s cargo turnover grew 2.6% year-on-year – in line with the total growth of cargo traffic at Russian seaports. Achieved operating results exceeded original plans by 11%. In crude oil volumes we shortened the year-on-year lag by 1.4 percent points compared to that of seven months. Since the start of the new harvest export, transshipment of grain has been growing for two months in a row. In August we reached another record volume since the beginning of the year and loaded 856 thousand tonnes of grain, which is 289 thousands more, than in the previous month. Transshipment of iron ore in August versus July increased by 97 thousand tonnes, reaching 268 thousand tonnes, thanks to some volumes rerouted from Ukrainian ports. Due to increasing demand at the start of the heating season in Turkey transshipment of coal more than doubled in August versus July and reached 173 thousand tonnes».
Liquid Cargo In eight months of 2015 NCSP Group loaded 72 005 thousand tonnes of liquid cargo. Crude oil volumes amounted to 49 993 thousand tonnes. Oil products volumes increased by 2 145 thousand tonnes versus same period last year and reached 21 404 thousand tonnes. Oil product’s growth rates comprised 11.1% year-on-year versus industry’s total growth 3.7% year-on-year, according to ASOP. Transshipment of UAN and seed oil in January-August 2015 totaled 455 thousand tonnes and 154 thousand tonnes respectively. Bulk Cargo Volumes of bulk cargo in the reporting period increased by 434 thousand tonnes or 6.0% year-on-year and reached 7 697 thousand tonnes. Transshipment of grain comprised 3 965 thousand tonnes; chemical cargo totaled 762 thousand tonnes; sugar accounted for 677 thousand tonnes; iron ore totaled 1 333 thousand tonnes, and coal amounted to 961 thousand tonnes. Grain volumes have been growing for two months in a row since the new harvest came to export. Grain transshipment in August versus July increased by 51% or 289 thousand tonnes and reached 856 thousand tonnes. Transshipment of iron ore in August versus July increased by 57.6% or 97 thousand tonnes, and comprised 268 thousand tonnes, thanks to some volumes rerouted by clients from Ukrainian ports. Iron ore’s year-on-year growth rate accelerated by 6.4 percent points versus that of July and reached 10.2%, which is nearly twice as much, as the industry’s average growth, according to ASOP. Due to increasing demand at the start of the heating season in Turkey transshipment of coal in August versus July increased by 102 thousand tonnes and reached 173 thousand tonnes. Annual growth rate sped up by 3.6 percent points and reached 26%.
General Cargo Volumes of general cargo in January-August 2015 increased by 1 333 thousand tonnes or 16.5% year-on-year, reaching 9 407 thousand tonnes. Transshipment of ferrous metals and pig iron increased by 1 343 thousand tonnes or 20.4% year-on-year, which is 9.1 percent more than industry’s total increase, according to ASOP. Volumes of non-ferrous metals in the eight months of 2015 totaled 794 thousand tonnes, which is 117 tonnes or 17% more, than same period las year. Timber cargo, perishable cargo, and other cargo for 8M 2015 totaled 434 thousand tonnes, 125 thousand tonnes, and 130 thousand tonnes respectively.
Containers Transshipment of containers for 8M 2015 amounted to 3 443 thousand tonnes and 319 thousand TEU. Container volumes in tonnes reduced 8.2% year-on-year versus a 14.7% year-on-year drop at all Russian seaport, according to ASOP.
NCSP Group’s Cargo Turnover for January-August 2015, in thousand tonnes
* Fertilizers, sulphur, and other.
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 (Download XLSX 279,33 Kb) 
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