Slide 1: NCSP Group: Undisputed Leader in Russian Port Industry
NCSP Group Undisputed Leader in Russian Port Industry 21 December 2012
Slide 2: Disclaimer
Disclaimer All statements in this presentation, other than historical facts, that address company’s business are forward looking statements. Although, NCSP believes that expectations expressed in such forward looking statements are based on reasonable assumptions, such statements should not in any w
Slide 3: Key 9M 2012 Highlights
Key 9M 2012 Highlights 1 Operational performance – strong growth in oil, oil products, grain and ferrous metals In 9M 2012 the Group’s total cargo turnover grew 3.5% y-o-y Operational Recovery in grain (110.5% y-o-y ) due to release of export ban in July 2011 performance Growth in crude oil (+
Slide 4: Continuous Market Leadership
1 2 3 Continuous Market Leadership Operational performance #1 Russian port operator with 29% of cargo throughput in 9M 2012 Largest Russian seaport by cargo throughput, 9M 2012 Leading market share in major seaborne cargoes in Russia, 9M 2012 mln tonnes (1) NCSP Group 121.3 Crude oil 48% №1 Novoross
Slide 5: Growth in key segments
1 2 3 Growth in key segments Operational performance Liquid cargo throughput of the Group increased by 2.4% in 9M Liquid cargo (1), mln tonnes 2012 vs. 9M 2011 97.6 +2.4% (2) 100.0 Crude oil handling growth of 1.3% in 9M 2012 – outperforming 0.3 13.0 7.2% 0.7 13.9 Liquid cargo market average of
Slide 6: Strong Financial Performance in 9M 2012
1 2 3 Strong Financial Performance in 9M 2012 Financial performance Revenue, US$ mln Revenue up from US$ 782.0 mln in 9M 2011 to US$ 785.9 +0.5% mln in 9M 2012 supported by: o Strong growth in grain throughput – increase in revenue 782 786 Sustainable revenue by US$ 48.9 mln o Growth in ferrous me
Slide 7: Revenue analysis
1 2 3 Revenue analysis Financial performance US$ mln 9M 2012 9M 2011 Change Change, % Revenue 785.9 782.0 3.9 0.5% Including Stevedoring services 630.2 638.4 (8.2) (1.3%) Crude oil 218.1 215.6 2.5 1.2% Bunkering 111.6 170.7 (59.1) (34.6%) Grain 95.8 46.9 48.9 104.3% Oil products 67.0 67.7 (0.7) (1.0
Slide 8: Costs Analysis
1 2 3 Costs Analysis Financial performance US$ mln 9M 2012 9M 2011 Change Change, % Cost of services 319.4 379.0 (59.6) (15.7%) Including Fuel 107.0 171.6 (64.6) (37.6%) (1) D&A 57.6 57.0 0.6 1.1% Personnel expenses 65.6 63.2 2.4 3.8% Rent 49.3 51.3 (2.0) (3.9%) Repairs and maintenance 15.9 11.4 4.5
Slide 9: Continue to Deleverage the Balance Sheet
1 2 3 Continue to Deleverage the Balance Sheet Debt Continued deleveraging supported by strong cash flow Operating Cash Flow, US$ mln Debt Repayment Schedule (1), US$ mln o Net debt wasUS$ 2,142 mln in +73% 615 9M 2012 576 310 320 o Net Debt / LTM EBITDA at 488 comfortable level of 3.5x 199.2 344.
Slide 10: Q&A Session Contacts
Q&A Session Contacts: www.nmtp.info Investor relations: mborovikov@ncsp.com Public relations: asilina@ncsp.com 10
Slide 11: Appendix
Appendix SS 5 v @ cs
Slide 12: IFRS Financial Results for 9M 2012
IFRS Financial Results for 9M 2012 US$ mln 9M 2012 9M 2011(1) Change Change, % Revenue 785.9 782.0 3.9 0.5% Cost of services (319.4) (379.0) (59.6) (15.7%) Gross profit 466.5 403.1 63.4 15.7% Gross profit margin, % 59.4% 51.5% SG&A (57.1) (54.7) 2.4 4.4% Gain on disposal of property, plant and equip
Slide 13: Interim Condensed Consolidated Statement of Financial Position
Interim Condensed Consolidated Statement of Financial Position as at 30 September 2012 and 31 December 2011 ths US$ 30 September 2012 31 December 2011 ths US$ 30 September 2012 31 December 2011 ASSETS EQUITY AND LIABILITIES NON-CURRENT ASSETS: 3,672,792 3,539,144 EQUITY: 1,310,678 964,175 Property,
Slide 14: Interim Condensed Consolidated Statement of Comprehensive Income
Interim Condensed Consolidated Statement of Comprehensive Income for the Nine Months Ended 30 September 2012 Nine months ended Nine months ended ths US$ 30 September 2012 30 September 2011 REVENUE 785,882 782,041 COST OF SERVICES (319,358) (378,953) GROSS PROFIT 466,524 403,088 Selling, general and
Slide 15: Interim Condensed Consolidated Statement of Cash Flows
Interim Condensed Consolidated Statement of Cash Flows for the Nine Months Ended 30 September 2012 Nine months ended Nine months ended 30 September 2012 30 September 2011 Cash flows from operating activities Cash from operations 480,059 384,084 Income tax paid (32,033) (83,526) Interest paid (103,95
Slide 16: Operational Performance in 9M 2012
Operational Performance in 9M 2012 ths tonnes 9M 2012 9M 2011 Change Change, % Turnover, total 121,347.9 117,233.8 4,114.1 3.5% Liquid cargo, total 99,979.9 97,625.3 2,354.6 2.4% Crude oil 85,378.7 84,286.3 1,092.4 1.3% Oil products 13,931.3 12,996.9 934.4 7.2% Liquid nitrogen fertilizers 302.9 331.
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