Last checked at 16 Jul 2015 12:30
Press-release
NCSP Group Cargo Turnover Up 2.1% for 6M 2015 reaching 70.2 mln tonnes
16.07.2015
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that its consolidated cargo turnover for 6M 2015 comprised 70.2 million tonnes, up by 2.1% or 1.4 million tonnes versus that of same period last year.
Liquid cargo totaled 55,335 thousand tonnes, bulk cargo comprised 5,263 thousand tonnes, general cargo amounted to 7,037 thousand tonnes, and containers accounted for 2,550 thousand tonnes. Volumes of liquid cargo were up 0.7% year-on-year, bulk and general cargo rose by 7.4% and 16.5% year-on-year respectively. Container traffic in tonnes reduced by 11.1%.
CEO of PJSC NCSP Sultan Batov commented on Group's half-year operating results:
«Total volumes in H1 2015 increased 2.1% year-on-year, which is in line with our best-case scenario.
It is worth noting, that we managed to catch up with last year on grain volumes as soon as export duties on wheat were loosened, despite the 5.1% reduction of grain volumes at Russian seaports in total.
Growth in total volumes was largely backed up by the 2 million tonnes increase in oil products transshipment, which represents 14% year-on-year increase, way ahead of the industry's average. Ferrous metals also outpaced the industry by 7.8 percent points and increased by 956 thousand tonnes or 19.4 % year-on-year».
Liquid Cargo
In January-June 2015 NCSP Group loaded 55,335 thousand tonnes of liquid cargo. Crude oil amounted to 38,187 thousand tonnes, while oil products increased by 2,045 thousand tonnes reaching 16,702 thousand tonnes. Oil products' volumes were growing 6 percent points ahead of the industry - 14% versus 8% year-on-year according to ASOP. Transshipment of UAN and seed oils in H1 2015 comprised 299 thousand tonnes and 148 thousand tonnes respectively.
Bulk Cargo
Bulk cargo volumes in H1 2015 totaled 5,263 thousand tonnes, exceeding these of H1 2014 by 362 thousand tonnes or 7.4% year-on-year.
Grain volumes totaled 2,541 thousand tonnes; chemical cargo comprised 527 thousand tonnes; sugar accounted for 584 thousand tonnes; iron ore amounted to 895 thousand tonnes, and coal volumes totaled 716 thousand tonnes.
Grain volumes caught up with H1 2014 despite total transshipment of grain at Russian seaports dropping 5.1% year-on-year according to ASOP.
Transshipment of iron ore also stayed at the H1 2014 level while total volume or ore at Russian seaports reduced 1.2% year-on-year according to ASOP.
Volumes of coal increased by 253 thousand tonnes or 54.6% year-on-year.
General Cargo
General cargo volumes in the reporting period increased by 995 thousand tonnes or 16.5% year-on-year and amounted to 7,037 thousand tonnes.
Transshipment of ferrous metals and pig iron grew by 957 thousand tonnes or 19.4% year-on-year, while growth rate in H1 2015 accelerated by 1.9 percent points versus that of the five months of 2015, and outperformed industry's average growth of 11.6% year-on-year according to ASOP.
Non-ferrous metals handling in H1 2015 totaled 605 thousand tonnes, growing by 92 thousand tonnes or 17.9% year-on-year.
Timber, perishable cargo, and other cargo in January-June 2015 totaled 320 thousand tonnes, 119 thousand tonnes, and 106 thousand tonnes respectively.
Containers
Container traffic in H1 2015 totaled 2,550 thousand tonnes or 240 thousand TEU.
NCSP Group's Cargo Turnover for January - June 2015, in thousand tonnes
January - June | Change | Change % | ||
2015 | 2014 | |||
Cargo turnover, total | 70 185.4 | 68 744.2 | 1 441.1 | 2.1% |
Liquid cargo, total | 55 335.4 | 54 933.1 | 402.3 | 0.7% |
Crude oil | 38 186.6 | 39 762.2 | -1 575.6 | -4.0% |
Oil products | 16 702.3 | 14 656.9 | 2 045.4 | 14.0% |
UAN | 298.9 | 325.8 | -26.9 | -8.3% |
Seed oils | 147.6 | 188.2 | -40.6 | -21.6% |
Bulk cargo, total | 5 263.2 | 4 901.0 | 362.2 | 7.4% |
Grain | 2 541.3 | 2 540.0 | 1.3 | 0.0% |
Chemical cargo* | 527.2 | 335.7 | 191.5 | 57.0% |
Sugar | 583.5 | 670.0 | -86.5 | -12.9% |
Iron ore and ore concentrate | 895.2 | 892.0 | 3.2 | 0.4% |
Coal | 716.0 | 463.2 | 252.8 | 54.6% |
General cargo, total | 7 037.1 | 6 041.7 | 995.4 | 16.5% |
Ferrous metals | 5 887.1 | 4 930.6 | 956.5 | 19.4% |
Timber | 320.3 | 317.4 | 2.9 | 0.9% |
Timber (ths cubic meters) | 582.3 | 577.1 | 5.2 | 0.9% |
Non-ferrous metals | 604.6 | 512.7 | 91.9 | 17.9% |
Perishable cargo | 119.0 | 183.7 | -64.7 | -35.2% |
Other | 106.1 | 97.3 | 8.8 | 9.0% |
Containers | 2 549.7 | 2 868.5 | -318.8 | -11.1% |
Containers (ths TEU) | 240.4 | 353.3 | -112.9 | -31.9% |
* Fertilizers, sulphur, and other.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. 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 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million and EBITDA was USD 569 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
Contacts
Kristina Senko, Public Relations; KSenko@ncsp.com
Mikhail Shchur, Investor Relations; MShchur@ncsp.com