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30.04.2020 NCSP Group's consolidated cargo turnover totaled 34.1 million tons in JanuaryMarch 2020

NCSP Group (LSE: NCSP, MOEX: NMTP) informs that the normalized cargo turnover of NCSP Group for JanuaryMarch 2020 grew by 0.9% year-on-year. NCSP Group's cargo turnover normalized indicators for 2019: turnover through NGT LLC and Berth No. 3 from January 1, 2019 to May 1, 2019 is not taken into account in the transshipment volume.


Key drivers

- Growth in oil transshipment volumes by 1,216 thousand tons against the backdrop of the total increased turnover of this raw material in the ports of the Russian Federation.


Liquid cargo

In JanuaryMarch 2020, transshipment of liquid cargo at NCSP Group terminals was up by 6.7% or 1,767 thousand tons on par with the same period in 2019, and amounted to 28,307 thousand tons.

Crude oil transshipment for 3 months of 2020 increased to 17,645 thousand tons, by 7.4%, (or 1,216 thousand tons) year-on-year, which is 4.7 p.p. higher than the industry growth rates. Oil products turnover increased to 10,355 thousand tons, 5.3%, (or 517 thousand tons), which is 1.5 p.p. higher than the industry growth rates.

The volume of vegetable oil transshipment grew by 76.7% to 158,000 tons.

Turnover of liquid fertilizers (UAN) totaled 149,000 tons, below the figure for the previous-year period (18.5%).


Bulk cargo

In JanuaryMarch 2020, the volume of bulk cargo transshipment at terminals of NCSP Group amounted to 1,579 thousand tons, which is close to the result for Q1 2019 (1.4%).

The volume of iron ore raw materials transshipment increased by 27.3% or 214 thousand tons and reached 997 thousand tons. Coal cargo turnover amounted to 341 thousand tons.

Transshipment of chemical cargo was up by 25,000 tons (+13.1%). The volume of raw sugar transshipment totaled 5 thousand tons.This drop was due to the reorientation of beet sugar exports from Russia to Asian CIS countries amid the following circumstances:

- high raw sugar market price;

- low price of Russian beet sugar in the domestic market.


General cargo

In JanuaryMarch 2020, transshipment of general cargo at terminals of NCSP Group decreased by 29.2%, or 1,197 thousand tons, relative to the result of the first quarter last year, and amounted to 2,895 thousand tons.

The reduction in volumes was mainly due to the drop to 2,553 thousand tons (32%, or by 1,202,000 tons) in ferrous metals and cast iron turnover amid unfavorable conditions in the foreign markets in the segment of finished products.

Transshipment volumes of non-ferrous metals reached 284,000 tons, an increase of 45,000 tons (+18.8%) thanks to strong activity in the aluminum market.

Turnover of timber and perishable cargo comprised 32,000 tons and 26,000 tons, respectively.


Container turnover

NCSP Group's container transshipment through its berths totaled 1,215,000 tons or 134,000 TEU in JanuaryMarch 2020, which is 19.5% less in tons or 16.3% less in TEU compared to the previous year against the background of reduced turnover of freighted import containers.


Other cargo

In JanuaryMarch 2020, the volume of other cargo transshipment at NCSP Group terminals made up 97,000 tons, which is 39,000 tons more against the same period in 2019.


NCSP Group's cargo turnover in JanuaryMarch 2020/2019 (thousand tons)

JanuaryMarch

Change

2020

2019

thousand tons

%

Cargo turnover, total

34,092.215

33,799.737

292.478

0.87%

Liquid cargo, total

28,306.839

26,539.640

1,767.199

6.66%

Crude oil

17,644.596

16,428.803

1,215.792

7.40%

Oil products

10,354.540

9,837.914

516.626

5.25%

UAN

149.485

183.372

33.887

18.48%

Seed oils

158.219

89.551

68.668

76.68%

Bulk cargo, total

1,578.672

1,600.573

21.901

1.37%

Iron ore raw materials

996.770

782.796

213.974

27.33%

Other ore cargo

20.521

72.992

52.471

-71.89%

Chemical cargo

216.126

191.024

25.102

13.14%

Coal

340.664

379.213

38.548

-10.17%

Sugar and other

4.590

174.548

169.957

97.37%

General cargo, total

2,895.145

4,092.050

1,196.906

29.25%

Ferrous metals and cast iron

2,553.053

3,755.119

1,202.066

32.01%

Timber

31.610

82.080

50.470

61.49%

Timber (thousand cubic meters)

57.473

149.236

91.763

61.49%

Nonferrous metals

284.471

239.421

45.049

18.82%

Perishable goods

26.011

15.430

10.580

68.57%

Containers

1,214.547

1,509.140

294.593

19.52%

Containers

1,214.547

1,509.140

294.593

19.52%

Containers (thousand TEU)

134.416

160.579

26.163

16.29%

Other cargo

97.012

58.333

38.679

66.31%


About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe in terms of cargo turnover in 2019. 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 2019 totaled 142,5 million tones. Consolidated revenue to IFRS in 2019 totaled USD $866,4 million. NCSP Group consolidates the following companies: PJSC NCSP, LLC PTP, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, IPP Ltd, LLC Baltic Stevedore Company and LLC SFP.


For more information, please contact:

For press: MSidorov@ncsp.com



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