Nmtp · RUS:NMTP

Nmtp — NCSP Group — 1H 2012 Earnings Presentation

19 slides from Nmtp's earnings presentation, Sep 5, 2012

  1. Slide 1: NCSP Group: Undisputed Leader in Russian Port Industry

    NCSP Group Undisputed Leader in Russian Port Industry 5 September 2012

  2. 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

  3. Slide 3: Key Highlights

    Key Highlights 1 Operational performance – strong growth outperforming the market  In 1H 2012 the Group’s turnover grew faster than the market average: +6.2% vs. +5.4% total y-o-y turnover growth for Russian seaport Operational performance  Recovery in grain (>100% y-o-y ) due to release of export

  4. Slide 4: Continuous Market Leadership

    1 2 3 4 Continuous Market Leadership Operational performance #1 Russian port operator with 30% of cargo throughput in 1H 2012 Largest Russian seaport by cargo throughput, 1H 2012 Leading market share in major seaborne cargoes in Russia, 1H 2012 mln tonnes (1) NCSP Group 81.6 Sugar 84% №1 Novorossiys

  5. Slide 5: Key Operational Achievements in 1H 2012

    1 2 3 4 Key Operational Achievements in 1H 2012 Operational performance Turnover growth, mln tonnes  Group throughput up by 6.2% in 1H 2012 against industry average of 5.4% Russia port throughput NCSP Group(1)  (2) Consistent market Market share in total cargo handled at ports +5.4% +6.2% increase

  6. Slide 6: Growth in key segments

    1 2 3 4 Growth in key segments Operational performance  Liquid cargo throughput of the Group increased by 2.8% in 1H Liquid cargo (1), mln tonnes 2012 vs. 1H 2011 64.8 +2.8% (2) 66.7  Oil cargo handling growth of 2.5% in 1H 2012 – outperforming 0.2 8.9 +2.3% 0.5 9.1 Liquid cargo market average of

  7. Slide 7: Strong Financial Performance in 1H 2012 (Preliminary Financial Results)

    Strong Financial Performance in 1H 2012 1 2 3 4 (Preliminary Financial Results) Financial performance Revenue, US$ mln  Revenue up from US$ 494.1 mln in 1H 2011 to US$ 541.1 +9.5% mln in 1H 2012 supported by: Sustainable revenue o Strong growth in grain throughput – increase in revenue 541 494 grow

  8. Slide 8: Revenue analysis

    1 2 3 4 Revenue analysis Financial performance US$ mln 1H 2012 1H 2011 Change Change, % Revenue 541.1 494.1 47.0 9.5% Including Stevedoring services 434.9 399.4 35.5 8.9% Crude oil 147.2 139.4 7.8 5.6% Bunkering 81.4 114.1 (32.7) (28.7%) Grain 65.8 1.4 64.4 4,600.0% Oil products 43.5 46.2 (2.7) (5.8

  9. Slide 9: Costs Analysis

    1 2 3 4 Costs Analysis Financial performance US$ mln 1H 2012 1H 2011 Change Change, % Cost of services 220.7 252.7 (32.0) (12.7%) Including Fuel 78.1 116.1 (38.0) (32.7%) (1) D&A 38.6 38.4 0.2 0.5% Personnel expenses 35.1 32.6 2.5 7.7% Rent 33.6 32.2 1.4 4.3% Repairs and maintenance 9.8 6.5 3.3 50.8

  10. Slide 10: Continue to Deleverage the Balance Sheet

    1 2 3 4 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 reduced to US$ 2,130 +112% 608 mln in 1H 2012 570 310 320 o Net Debt / LTM EBITDA 486 decreased to 3.4x 364 o Succ

  11. Slide 11: Key Investment Projects

    1 2 3 4 Key Investment Projects CAPEX Total CAPEX in 1H 2012 was US$ 21 mln including investments in completed and approved projects CAPEX, US$ mln (1) Additional  In 1H 2012 the Group completed Project To date 1H2012 2H2012 2013+ capacity construction of fuel oil terminal in the Port of Fuel oil t

  12. Slide 12: Q&A Session Contacts

    Q&A Session Contacts: www.nmtp.info Public relations: ksenko@ncsp.com Investor relations: ir@ncsp.com 12

  13. Slide 13: Appendix

    Appendix SS 5 v @ cs

  14. Slide 14: Preliminary Financial Results for 1H 2012

    Preliminary Financial Results for 1H 2012 US$ mln 1H 2012 1H 2011(1) Change Change, % Revenue 541.1 494.1 47.0 9.5% Cost of services (220.7) (252.7) (32.0) (12.7%) Gross profit 320.4 241.4 79.0 32.7% Gross profit margin, % 59% 49% SG&A (39.9) (39.9) - - Gain on disposal of property, plant and equipm

  15. Slide 15: Preliminary Interim Condensed Consolidated Statement of Financial Position

    Preliminary Interim Condensed Consolidated Statement of Financial Position as at 30 June 2012 (Unaudited) and 31 December 2011 ths US$ 30 June 2012 31 December 2011 ths US$ 30 June2012 31 December 2011 ASSETS EQUITY AND LIABILITIES NON-CURRENT ASSETS: 3,446,395 3,539,144 EQUITY: 1,064,513 964,175 Pr

  16. Slide 16: Preliminary Interim Condensed Consolidated Statement of Comprehensive Income

    Preliminary Interim Condensed Consolidated Statement of Comprehensive Income for the Six Months Ended 30 June 2012 (Unaudited) Six months ended Six months ended ths US$ 30 June 2012 30 June 2011 REVENUE 541,073 494,117 COST OF SERVICES (220,739) (252,664) GROSS PROFIT 320,334 241,453 Selling, genera

  17. Slide 17: Excerpts From Preliminary Interim Condensed Consolidated Statement of Cash Flows

    Excerpts From Preliminary Interim Condensed Consolidated Statement of Cash Flows for the Six Months Ended 30 June 2012 (Unaudited) Six months ended Six months ended ths US$ 30 June 2012 30 June 2011 Net cash generated by operating activities 238,267 112,398 Net cash used in investing activities (829

  18. Slide 18: Operational Performance in 1H 2012

    Operational Performance in 1H 2012 ths tonnes 1H 2012 1H 2011 Change Change, % Turnover, total 81,556 76,819 4,737 6.2% Liquid cargo, total 66,704 64,863 1,841 2.8% Crude oil 57,110 55,735 1,375 2.5% Oil products 9,114 8,905 209 2.3% Liquid nitrogen fertilizers 149 220 (71) (32.2%) Other liquid carg

  19. Slide 19: Slide 19

NCSP Group — 1H 2012 Earnings Presentation on 6ix