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06.12.2016 NCSP Group Consolidated Financial Results for 9M 2016

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results for the nine months ended 30 September 2016.

NCSP Groups revenue for 9M 2016 totaled $649 million.

Groups EBITDA increased by $28.6 million* or 5.9%* y-o-y and totaled $516.9 million*.

Net profit for 9M 2016 totaled $488.5 million versus that of $156.5 million for 9M 2015.

Cash and cash equivalents increased nearly fourfold since the beginning of the year and reached $383.2 million.

The Groups debt including financial lease reduced by $14.9 million, while net debt reduce by $289.4 million or 20.6% y-o-y. Net debt/LTM EBITDA ratio improved to 1.62* versus 2.14* at the beginning of the year.

NCSP Group Key Financial Indicators

(in thousand USD)

9M 2016

9M 2015

Change

Change %

Revenue

649 305

654 676

-5 371

-0.8%

EBITDA*

516 929

488 353

28 576

5.9%

Profit for the period

488 469

156 502

331 967

212.1%

(in thousand USD)

30.09.2016

31.12.2015

Change

Change %

Debt (including financial lease)

1 496 605

1 511 516

-14 911

-1.0%

Cash and cash equivalents

383 209

108 671

274 538

252.6%

Net debt*

1 113 396

1 402 845

-289 449

-20.6%

Net debt / LTM EBITDA*

1.62

2.14

* Management accounts

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


Conference call and webcast for investors & analysts with NCSP Groups management will be held on Tuesday, December 6, 2016 at 17:00 Moscow time.

The call will be held in Russian, English translation available on a separate line.

Webcast and slideshow 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, IR Director of PJSC NCSP

Call title: NCSP GROUP FINANCIAL RESULTS FOR 9M 2016

Russian call ID: 65164325

English call ID: 80193993

Dial-in numbers:

Russia: +7495221 6523; 8800204 14011

UK and Europe: +44203 043 2440; 0 808 238 1774

US: +1877887 4163

Webcast and slideshow (English only):

http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=4185

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 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.

 

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