Nmtp · RUS:NMTP
Nmtp — NCSP Group — 9M 2013 Earnings Presentation
16 slides from Nmtp's earnings presentation, Nov 28, 2013
Slide 1: NCSP Group IFRS Financial Results for 9M 2013
NCSP Group IFRS Financial Results for 9M 2013 28 November 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 wa
Slide 3: 1. 9M 2013 Performance; 2. Appendix
1. 9M 2013 Performance 2. Appendix
Slide 4: Macroeconomic context
1 2 3 Macroeconomic context 9M 2013 performance Oil Exports – Total vs. Ports • 9M 2013 Oil Export increased 1.0% year-on- 300 68% 66% year to 115.4 mln tonnes 250 64% • Russian GDP grew just 1.2% year-on-year in 200 mln tonnes 62% 150 60% the third quarter of 2013, below the 1.4% 58% 100 forecasted
Slide 5: Cargo turnover analysis
1 2 3 Cargo turnover analysis 9M 2013 performance Cargo Turnover, 9M 2012 vs 9M 2013 9M 2012 9M 2013 Crude oil 2,2% 1.3% 5,3% 1,1% 3,4% 3,1% Oil products 3,2% 3,9% Ferrous metals 6,2% 5,4% Other 11,5% 121 Containers 107 65,2% mln tonnes 70,4% 17,8% mln tonnes Grain Iron or and ore concentrate Source
Slide 6: Financial performance in 9M 2013
1 2 3 Financial performance in 9M 2013 9M 2013 performance Key IFRS indicators 9M 2013, US$ mln 9M 2013 9M 2012 Change Change, % Revenue 691.4 785.9 (94.5) (13.7%) Cost of services (318.5) (319.4) 0.9 (0.3%) Gross profit 372.9 466.5 (93.6) (25.1%) SG&A (56.6) (57.1) 0.5 (0.9%) Operating profit 316.4
Slide 7: Revenue bridge 9M 2012 – 9M 2013
1 2 3 Revenue bridge 9M 2012 – 9M 2013 9M 2013 performance Source: management accounts and IFRS financial statements 7
Slide 8: Revenue analysis
1 2 3 Revenue analysis 9M 2013 performance Revenue breakdown by cargo & services 9M 2012 9M 2013 1,4% 0,8% 4,4% 1,7% 1.0% 4,9% 12,2% 25,4% 27,8% 6,0% 4,6% 5,0% 8,1% US$ 785.9 US$ 691.4 7,1% mln mln 9,1% 14,2% 15,7% 8,7% 10,2% 9,7% 8,5% 13,5% Crude oil Bunkering Oil products Fleet services Additional
Slide 9: Costs analysis
1 2 3 Costs analysis 9M 2013 performance 9M 2012 9M 2013 15,2% 15.0% Fuel 0,7% 28,4% 1,0% 27,7% 1,5% Personnel expenses 1,5% 2,0% 1,5% D&A 2,2% CoGS 2,5% CoGS US$ 319 mln Rent 3,1% US$ 318 mln 4,2% SG&A Repairs and maintenance SG&A US$ 57 mln US$ 57 mln Subcontractors 13,3% 13,1% Raw materials 17,4%
Slide 10: EBITDA bridge 9M 2012 – 9M 2013
1 2 3 EBITDA bridge 9M 2012 – 9M2013 9M 2013 performance Source: management accounts and IFRS financial statements 10
Slide 11: Continue to deleverage the Balance Sheet
1 2 3 Continue to deleverage the Balance Sheet Debt On 25 November 2013 the Group signed Debt repayment schedule, US$ mln an agreement to change the conditions of 800 800 its US$ 1,950 million Sberbank loan 700 Repayment of the principal will start from 20 June 2014 with regular payments every 6
Slide 12: Appendix
1. 9M 2013 Performance 2. Appendix
Slide 13: New Development Concept to 2018 Strategy
1 2 3 New Development Concept to 2018 Strategy New strategy New strategy – key projects Development of port infrastructure • Modernisation of container terminals at PJSC • Mazimise the value of the port’s strategic NCSP, OJSC NLE and LLC Baltic Stevedore advantages Company Modernisation of business
Slide 14: New Development Concept to 2018
1 2 3 New Development Concept to 2018 Strategy Cargo 2012 volumes Independent Forecasts to 2018 Grain NCSP Group: 8 million tonnes / Others: 12.5 million tonnes Up to 40 million tonnes by 2020 Iron ore and ore concentrate NCSP Group: 1.5 million tonnes / Others: 5.4 million tonnes Up to to 16 millio
Slide 15: New Development Concept to 2018: Key Projects
1 2 3 New Development Concept to 2018 Strategy Key Projects Containers Metals 1. Wide pier #1 configured for container handling Bulk cargoes (iron ore, coal) 2. Wide pier #2 configured for metal cargoes Mineral fertilizers 3. Eastern pier – bulk cargoes Ro-Ro cargoes • Construction of mineral fertil
Slide 16: Contacts
Contacts: www.nmtp.info Investor relations: Mshchur@ncsp.com Public relations: Ksenko@ncsp.com