PJSC 'Novorossiysk Commercial Sea Port' (NCSP) NCSP Group Consolidated Financial and Operating results for 9 months 2020 09-Dec-2020 / 10:07 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. NCSP Group Consolidated Financial and Operating results for 9 months 2020 09.12.2020 NCSP Group (LSE: NCSP, MOEX: NMTP) announces its consolidated financial results for the nine months, ended 30 September 2020, prepared under International Financial Reporting Standards (IFRS). NCSP Group cargo transshipment for 9 months 2020 totaled 84, 4 mln. tons, including 67,5 mln. tons of liquid cargo and 16,9 mln. tons of dry cargo. NCSP's Group consolidated revenue for 9 months 2020 totaled $481,5 mln., which is $184,0 mln. less (or 27,6%) vs 9m 2019. Revenue deviation was due to the crude oil cargo transshipment decline in Russian seaports, which was attributable to COVID-19 and OPEK+ agreement from May 1, 2020. Group's EBITDA in the reporting period totaled $327,7 mln. Cash and cash equivalents at 30 September 2020 totaled $138,9 mln. Net debt increased to $573,8 mln. NCSP Group Key Financial Metrics* for 9 months 2020 Financial Metrics 9m 2020 9m 2019 Change Change % Revenue mln.USD 481,5 665,5 -184,0 -27,6% EBITDA mln.USD 327,7 500,8 -173,1 -34,6% EBITDA Margin % 68,1 75,3 -7,2 - Profit for the mln.USD 58,9 810,5 -751,6 -92,7% period 30.09.2020 31.12.2019 Change Change % Debt (incl. lease) mln.USD 712,7 820,6 -107,9 -13,1% Cash and mln.USD 138,9 433,5 -294,6 -68,0% equivalents Net debt mln.USD 573,8 387,1 186,7 48,2% NCSP Group consolidated financial information in compliance with IFRS for 9 months 2020 is available for downloading at: http://nmtp.info/en/holding/investors/reporting/msfo/ [1] *9 months 2019 financial data includes the results of LLC "NZT" activities (LLC "NZT" was sold in May 2019). 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 (ticker: NMTP) and London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group's cargo turnover in 2019 totaled 142, 5 mln. tons. Consolidated revenue for 2019 under IFRS amounted to $866, 4 mln. NCSP Group is comprised of the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and LLC SFP. PJSC NCSP and PJSC Transneft own LLC Novorossiysk Fuel Oil Terminal (NFT) on a parity basis. Contacts Public Relations: MSidorov@ncsp.com Investor Relations: IR@ncsp.com [2] ISIN: US67011U2087 Category Code: MSCH TIDM: NCSP LEI Code: LEIA0010014976 Sequence No.: 89306 EQS News ID: 1153808 End of Announcement EQS News Service 1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d9d47c6e89a1c374c002bf4e6e448730&application_id=1153808&site_id=vwd&application_name=news 2: mailto:MShchur@ncsp.com
(END) Dow Jones Newswires
December 09, 2020 02:07 ET (07:07 GMT)