Nmtp · RUS:NMTP
Nmtp — NCSP Group — FY2012 Earnings Presentation
12 slides from Nmtp's earnings presentation, Apr 17, 2013
Slide 1: Undisputed Leader in Russian Port Industry: IFRS Financial Results for 2012
NCSP Group Undisputed Leader in Russian Port Industry IFRS Financial Results for 2012 17 April 2013
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 2012 Highlights
Key 2012 Highlights In 2012, NCSP Group faced exceptionally difficult conditions, including 20 days of storms in the first quarter alone and flooding in the middle of the year. Nonetheless NCSP Group was able to not just maintain, but to increase cargo handling. 1 In 2012, the Group’s total cargo
Slide 4: Continuous Market Leadership
1 2 3 Continuous Market Leadership Operational performance Cargo throughput in 2012, mln tonnes Share of crude oil handled in 2012 # 1 in Russia # 3 in Europe NCSP (1) Rotterdam 442 NCSP Group 159 Group Antwerp 184 Novorossiysk 83 NCSP Group 159 Hamburg 131 44% Primorsk 75 Amsterdam 94 56% Algeciras
Slide 5: Operational Performance in 2012
1 2 3 Operational Performance in 2012 Operational performance Type of cargo (ths tonnes) 2012 2011 Change Change, % Cargo turnover, total 158,905 156,979 1926 1.2% Liquid cargo, total 131,106 130,447 658 0.5% Crude oil 110,830 113,394 (2,564) (2.3%) Oil products 19,396 16,517 2879 17.4% UAN 464 432
Slide 6: Growth in key segments
1 2 3 Growth in key segments Operational performance Liquid cargo Bulk cargo General cargo Containers 597 624 2 17 4 2 2 19 2 Thousand TEU 3 mln tonnes mln tonnes mln tonnes 9 8 7 113 6 111 2011 2012 2011 2012 2011 2012 2011 2012 Other liquid cargoes Other bulk cargoes Other general cargoes Oil prod
Slide 7: Strong Financial Performance in 2012
1 2 3 Strong Financial Performance in 2012 Financial performance Substantial EBITDA Sustainable revenue Strong cash flow and deleveraging & margin expansion (1.5%) +7.5% Revenue, US$ mln Net Debt, US$ mln (15.1%) EBITDA, US$ mln 57.2% 52.5% 1 050 1 034 550 592 4.3x 3.4x 2 379 2,019 2011 2012 2011 20
Slide 8: Revenue analysis
1 2 3 Revenue analysis Financial performance Revenue breakdown by cargo & services Cargo Turnover, 2012 2011 2012 1% 1% 1% 3% 3% 5% 9% 10% 8% 28% 27% 6% 9% 6% 5% 1% US$ 1,050 US$ 1,034 12% 159 1% 4% mln tonnes mln 5% mln 6% 7% 15% 70% 9% 20% 8% 9% 11% Crude oil Bunkering Grain Crude oil Oil products
Slide 9: Costs Analysis
1 2 3 Costs Analysis Financial performance 2011 2012 Fuel 1% 1% 14% Rent 17% 1% Subcontractors 27% 1% 1% 2% D&A COGS 37% Repairs and maintenance 2% 2% COGS 4% US$ 495 mln Energy and utilities US$ 436 mln Personnel expenses 5% SG&A SG&A 12% Raw materials US$ 78 mln US$ 88 mln Other 13% 15% SG&A 15% 1
Slide 10: EBITDA bridge 2011-2012
1 2 3 EBITDA bridge 2011-2012 Financial performance 600,0 590,0 11.9 580,0 33.5 570,0 44.8 13.7 4.4 560,0 US$ mln 550,0 591.5 540,0 530,0 550.3 520,0 510,0 500,0 2011 EBITDA Net change to Net change to Changes to Changes in Increased capacity 2012 EBITDA cargo handling costs (excluding bunkering add
Slide 11: Continue to deleverage the Balance Sheet
1 2 3 Continue to deleverage the Balance Sheet Debt Continued deleveraging supported by Operating cash flow, US$ mln Debt repayment schedule(1), US$ mln strong cash flow o Net debt at year end 2012 427 amounted to US$ 2,019 mln 620 484 o Net debt / EBITDA at a 320 488 comfortable level of 3.4x o R
Slide 12: Contacts
Contacts: www.nmtp.info Investor relations: Mshchur@ncsp.com Public relations: Ksenko@ncsp.com 12