NCSP Group's consolidated financial and operational results for the 9 months of 2021
PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group's consolidated financial and operational results for the 9 months of 2021
02-Dec-2021 / 15:10 MSK
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01.12.2021
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.
ISIN: US67011U2087 Category Code: QRT TIDM: NCSP LEI Code: LEIA0010014976 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 128167 EQS News ID: 1253758
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