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02.12.2021 NCSP Group's consolidated financial and operational results for the 9 months of 2021

NCSP Group (LSE: NCSP; MOEX: NMTP) publishes its consolidated financial results for the 9 months of 2021 prepared in accordance with the International Financial Reporting Standards (IFRS).

Consolidated cargo turnover of NCSP Group for the 9 months of 2021 totaled 84.9 mln. tons, including 67.6 mln. tons of liquid cargo, which is 0.5 and 0.1 mln. tons up year-on-year, respectively. Cargo turnover of dry cargo increased by 0.4 mln. tons and amounted to 17.3 mln. tons. "The liquid cargo turnover is recovering although it is still influenced by the reduction of crude oil transshipment due to OPEC+ agreement since May 1, 2020 to limit oil production", CEO of NCSP PJSC Sergey Kireev said.

Consolidated revenue of NCSP Group for the 9 months of 2021 totaled USD 526.1 mln., which is USD 44.6 mln. (or 9.3%) more compared to the 9 months of 2020. "First of all, the growth in revenue was due to an increase in containers, ferrous metals, oil products and chemical cargo", Sergey Kireev added.

EBITDA of NCSP Group amounted to USD 363 mln. in the reporting period. Cash and cash equivalents as at September 30, 2021 stood at USD 216.2 mln. The Group's net debt reduced by USD 143.1 mln.

NCSP Group's key financial indicators for the 9 months of 2021


Indicator

UOM

9M 2021

9M 2020

Change

Change, %

Revenue

mln.USD

526.1

481.5

44.6

9.3%

EBITDA

mln.USD

363.0

327.7

35.3

10.8%

EBITDA margin

%

69.0%

68.1%

0.9%

Profit for the period

mln.USD

233.9

58.9

175

297.1%

Sep 30, 2021

Dec 31, 2020

Change

Change, %

Debt (incl. lease liabilities)

mln.USD

484.6

602.1

-117.5

-19.5%

Cash and cash equivalents

mln.USD

216.2

190.6

25.6

13.4%

Net debt

mln.USD

268.4

411.5

-143.1

-34.8%




NCSP Group's Consolidated Financial Information as per IFRS for the 9 months of 2021 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.

PJSC NCSP shares are 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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