News

01.11.2017

RECORD MONTHLY GRAIN THROUGHPUT



In October 2017, KSK grain terminal handled more than 560 thousand tonnes which sets a new monthly record for the terminal.
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30.10.2017

DELOPORTS HOSTED A SITE VISIT TO DAMEN



On 19 October 2017, representatives of Damen Shipyards Group (Damen) visited stevedoring assets of DeloPorts and Aleksino shipyard belonging to Delo Group.

During the meeting the president of Delo Group Sergey Shishkarev and the owner of Damen Kommer Damen discussed plans for strategic cooperation of companies in the south of Russia.

At the moment, a number of cooperation agreements have been signed between Delo Group and Damen. According to the agreements, three tug boats will be delivered to SC "Delo" until the end of 2017, the delivery of the fourth tug boat is scheduled for 2018. Within the framework of the agreement on intentions, it is planned to establish a service hub in Novorossiysk at Aleksino shipyard to expand the existing customer base and improve the quality of service.

Damen Shipyards Group is the largest shipbuilding group that unites shipbuilding and ship repair yards all over the world.
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19.10.2017

RAEX (EXPERT RA) ASSIGNED ruA+ RAITING TO DELOPORTS



OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, welcomes RAEX (Expert RA) assigning a ruA+ corporate rating with a ‘stable’ outlook to DeloPorts.

Commenting on the rating assignment, Elena Surkova, DeloPorts Deputy CEO on Economics and Finance, stated: “We are delighted to obtain an independent expert review of the Company’s achievements to date. The assigned rating enables to consider our bonds for inclusion in the Bank of Russia Lombard list which allows bond holders to REPO them”.

In July 2017, DeloPorts placed its 3.5 billion Ruble bond. The coupon rate was set at 9.40%. Series 001R-01 notes were registered by the Moscow Exchange on 6 July 2017, registration number 4B02-01-36485-R-001Р.

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13.10.2017

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2017



OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the nine months of 2017.

In 9M17 turnover of DeloPorts’ terminals increased by 21% compared to the same period in 2016 and reached 5.2 mln tonnes due to higher volumes in the Company’s core segments – container transhipment and grain exports.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 24% and 25% respectively compared to January-September 2016 caused primarily by container market recovery and increase in the share of loaded containers.

• Growth of KSK grain handling volumes by 20% compared to the same period in 2016 due to the high harvest volumes. In August 2017, KSK handled 476 thousand tonnes which set a new monthly record for the terminal.

• Growth in the volumes of general cargo by3%.

• Decrease in the volumes of Ro-Ro cargo by 52% as a result of increased containerization of imports. In unit equivalent Ro-Ro volumes decreased by 7% and amounted to 7,912 units.

• Increase of bunkering fuel sales by 198% compared to January-September 2016 due to the low base of the last year.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 17

2Q 17

3Q 17

 

9М 2017

9М 2016

9М 2017/

9М 2016

Containers

726

1,013

580

 

2,319

1,850

25%

Grain

951

723

1,055

 

2,729

2,277

20%

General cargo

36

52

24

 

112

108

3%

Ro-Ro

8

10

10

 

29

61

(52%)

Total cargo throughput

1,722

1,798

1,669

 

5,189

4,296

21%

 including:

 

 

 

 

 

 

 

Containers (‘000 TEU)

72

94

51

 

217

175

24%

Ro-Ro (‘000 units)

1

3

3

 

8

9

(7%)

Bunkering fuel sales

14

17

13

 

44

15

198%

Agency services (units)

n/a

21

83

 

104

n/a

n/a

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10.10.2017

SERVICE COMPANY DELO: ENVIRONMENTAL IMPACT ASSESSMENT



Service company Delo (LLC SK "Delo" in Novorossiysk, Griboedova str., 2) informs about the beginning of works on environmental impact assessment (EIA) from conducting economic activities in the inland sea waters of the Russian Federation. The work on the EIA is carried out from 15.10.17 to 15.12.2017.

The technical task in Russian here
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11.09.2017

NUTEP AND ZPMC SIGNED THE CONTRACT FOR EQUIPMENT SUPPLY



In 2Q 2017 ООО “NUTEP”, DeloPorts’ container terminal which handles cargo in the port of Novorossiysk (“NUTEP”), and Shanghai Zhenhua Heavy Industries Co Ltd (“ZPMC”), the largest manufacturer of port, offshore and shipbuilding equipment, engineering vessels, drilling platforms and large-scale metal structures, signed the contract for equipment supply as part of the investment project - construction of deepwater berth 38 at NUTEP.

Under the terms of the contract, ZPMC will supply three STS cranes with a lifting capacity of 50 tonnes, four RTG cranes with a lifting capacity of 50 tonnes and two reach stackers. According to the contract, reach stackers will be delivered to the port of Novorossiysk in 4Q 2017, delivery of crane equipment is scheduled for 4Q 2018.

Commenting on the signed documents, Yury Matvienko, CEO of NUTEP, stated: "In our work we strive to meet international quality standards and have traditionally paid much attention to the degree of reliability and quality when choosing equipment. We are pleased that experience of the world’s largest manufacturer of port equipment will be applied at NUTEP to contribute to effective implementation of the project."

"We understand the scale and importance of this project for the south of Russia, and we will do our best to perform the order at the highest level and on time within the specified contract period," commented Leonid Sorokoumov, General Director of ZPMC Russia.

Construction of a deepwater berth at NUTEP is one of the priority and strategically significant DeloPorts’ investment projects. Implementation of the project is expected to bring ocean-class vessels of up to 10,000 TEUs and increase the throughput capacity of Russian "southern gateway".
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29.08.2017

DELOPORTS IFRS FINANCIALS FOR 1H 2017



OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for the six months ended 30 June 2017 in accordance with IFRS.

Key financials:
• Consolidated revenue RUB 4,037 mln (+9.2%)
• Consolidated EBITDA RUB 2,733 mln (-1.6%)
• EBITDA margin 67.7% as against 75.1% in 1H 2016
• Adjusted net profit RUB 1,952 mln (+3.3%)
• Operating cash flow RUB 1,891 mln (-16.4%)
• CAPEX RUB 533 mln (+48.4%)
• Net debt as of 30 June 2017 RUB 5,289 mln (+22.2% compared to 31 December 2016)
• Net debt/EBITDA 0.9x as of 30 June 2017 versus 0.8x as of 31 December 2016

Key operating results:
• Total volume of cargo handling 3.5 mln tonnes (+32.3%)
• Grain handling volume 1.7 mln tonnes (+39.5%)
• Container throughput 166 ‘000 TEU (+28.5%)

Key developments:
• NUTEP container terminal and Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) signed the contract for equipment supply as part of the investment project - deepwater berth construction
• Delo Service Company established
• Corporate credit rating affirmed at BB- with a stable outlook (Fitch)

Commenting on the results, Igor Yakovenko, DeloPorts CEO, stated:
“The Company’s strong half year results of 2017 are reflective of container market recovery and increase of grain throughput driving DeloPorts’ share of Novorossiysk port’s annual dry cargo throughput from 14.4% to 17.0% as of 30 June 2017. We continue to progress our investment projects according to the programme.”


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14.07.2017

DELOPORTS 1H 2017 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2017.

In January-June 2017 turnover of DeloPorts’ terminals increased by 32% compared to January-June 2016 and reached 3.5 mln tonnes due to container market recovery and growth of grain volumes.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 29% and 31% respectively compared to 1H 2016 due to recovery of imports, growth of exports and increase in the share of loaded containers. In May 2017, NUTEP handled its record monthly volume of 35,600 TEU.

• Growth of KSK grain handling volumes by 40% compared to the same period of 2016 due to the record harvest of the agricultural season 2016-2017. KSK factual throughput volumes exceeded its estimated capacities and amounted to 3.8 mln tonnes.

• Decrease in the volumes of general and Ro-Ro cargoes by 9% and 45%, respectively, as a result of increased containerization of imports.

• Growth of bunkering fuel sales by 138% compared to 1H 2016 due to the low base of 2016. At the beginning of June 2017 Delo Service Company launched ship agency services in the port of Novorossiysk.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 17

2Q 17

1H 17

1H 16

1H 17/1H 16

Containers

726

1,013

1,739

1,330

31%

Grain

951

723

1,674

1,200

40%

General cargo

36

52

88

96

(9%)

Ro-Ro

8

10

18

34

(45%)

Total cargo throughput

1,722

1,798

3,520

2,660

32%

including:

Containers (‘000 TEU)

72

94

166

129

29%

Ro-Ro (‘000 units)

1

3

5

4

19%

Bunkering fuel sales

14

17

31

13

138%

Agency services (units)

n/a

21

21

n/a

n/a


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11.07.2017

DELOPORTS COMPLETES RUBLE BOND PLACEMENT



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments completed its 3.5 billion Ruble bond (series 001R-01) placement. The coupon rate was set at 9.40% and a yield of 9.62%.

Series 001R-01 notes were registered by the Moscow Exchange on 6 July 2017, registration number 4B02-01-36485-R-001Р. Raiffeisenbank (JSC), Sovcombank (PJSC) and Bank GPB (JSC) acted as bookrunners of the placement. 

On 21 June 2017 DeloPorts offered series 01 notes to be redeemed from 3 July to 7 July 2017. The redemption price was equal to RUB1,056.3 and had been calculated on the basis of the new bond yield reduced by 0.1%.
In November 2015 the Company placed its debut 3.0 billion Ruble bonds with annual coupon rate of 13.80% and a 3-year call option.

“DeloPorts’ business is closely connected with infrastructure and requires long investments. Investors were offered to shift their portfolios – to exit the current bond issue and enter into a new Ruble placement. The link of redemption price and yield of the new issue provided interest to both transactions. We have been solving the following tasks – to prolong terms and align the coupon on the current market which will reduce the aggregate loan rate” – said Elena Surkova, DeloPorts Deputy CEO on Economics and Finance. 

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09.06.2017

AGENCY SERVICES IN THE PORT OF NOVOROSSIYSK



At the beginning of June 2017 Delo Service Company (SCD) launched ship agency services in the port of Novorossiysk with a view to expand the service range. 

SCD was established in March 2017 on the platform of TOS bunkering company and currently combines bunkering operations and ship agency services. 

SCD CEO Oleg Nechaev stated:    

"This type of activity is a new stage of development for DeloPorts. We are confident that this synergy will improve current services, ensuring the maximum optimization of logistics for ship owners in the port. The next stage of development for us will be the delivery of three tugboats of Damen to the port of Novorossiysk in December 2017. We expect this stage to become the final one for DeloPorts to provide a full range of services for customers at its berths".
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06.06.2017

RECORD MONTHLY CONTAINER THROUGHPUT



In May 2017, NUTEP handled 35,600 TEU, a monthly record for the terminal.
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02.06.2017

EQUIPMENT DELIVERY TO NUTEP



Based on the tender results, ZPMC (Shanghai), the largest manufacturer of port and shipbuilding equipment, was selected as a supplier of crane equipment for the implementation of the investment project for the construction of a deepwater berth at NUTEP, DeloPorts’ container terminal.

Within a twenty day period NUTEP and ZPMC will conclude a contract for delivery of three STS cranes with a lifting capacity of 50 tonnes, four RTG cranes with a lifting capacity of 50 tonnes and two reach stackers.

Commenting on the results of the tender, DeloPorts’ CEO Igor Yakovenko stated: "We are pleased with our partnership and are confident that high quality of ZPMC products and its unique experience in the market will contribute to the effective implementation of our project."

Construction of a deepwater berth at NUTEP is one of the priority and strategically significant DeloPorts’ investment projects. Implementation of the project is expected to bring ocean-class vessels to the terminal and increase the throughput capacity of Russian "southern gateway".

Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) is a state-owned Chinese enterprise, a manufacturer of port, marine and shipbuilding equipment, engineering vessels, drilling platforms and large metal structures. 
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14.04.2017

DELOPORTS 1Q 2017 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the first quarter of 2017.

In 1Q17 turnover of DeloPorts’ terminals increased by 13% compared to 1Q16 and reached 1.7 mln tonnes due to growth of volumes in the Company’s core segments.

• Growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent by 23% and 17%, respectively, compared to 1Q16 due to container market recovery and increase in the share of loaded containers. In March 2017, NUTEP handled a record monthly volume of 31 034 TEU.

• Growth of KSK grain handling volumes by 15% compared to the same period in 2016 due to the record harvest of the agricultural season 2016-2017.

• Decrease in the volumes of general and Ro-Ro cargoes by 29% and 68%, respectively, as a result of increased containerization of imports.

• Increase of bunkering fuel sales by 55% compared to 1Q16 due to the low base of 2016.

Cargo throughput (‘000 tonnes)

Cargo type

1Q2017

1Q2016

1Q2017/1Q2016

Containers

726

622

17%

Grain

951

829

15%

General cargo

36

51

(29%)

Ro-Ro

8

26

(68%)

Total cargo throughput

1,722

1,528

13%

including:

Containers (‘000 TEU)

72

58

23%

Ro-Ro (‘000 units)

1

3

(45%)

Bunkering fuel sales

14

9

55%

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10.04.2017

DELOPORTS IFRS FINANCIALS FOR 2016



OOO “DeloPorts” (hereinafter DeloPorts or the Company), a major Russian stevedoring holding, consolidating the assets of Delo Group in the grain and container segments, publishes its consolidated financial results for 2016 in accordance with IFRS.

Key financials:
• Consolidated revenue RUB 7,779 mln (+0.4%)
• Consolidated EBITDA RUB 5,753 mln (+17.8%)
• EBITDA margin 73.8% as against 62.8% in 2015
• Adjusted net profit RUB 4,073 mln (+23.8%)
• Operating cash flow RUB 4,773 mln (+6.3%)
• CAPEX RUB 1,127 mln (+100.5%)
• Net debt RUB 4,327 mln (-7.1% compared to 31 December 2015)
• Net debt/EBITDA 0.8x versus 1.0x as of 31 December 2015

Key operating results:
• Total volume of cargo handling 6.0 mln tonnes (+10.2%)
• Grain handling volume 3.3 mln tonnes (+18.2%)
• Container throughput 233,479 TEU (+15.3%)

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2016, covering a twelve-month period ending on that date, is available on the website of DeloPorts

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07.04.2017

HANDLING OF LARGER VESSELS AT NUTEP



At the beginning of April 2017 NUTEP container terminal completed the registration of technical documentation and received permits allowing handling of vessels with lengths up to 172 meters at berth protection No. 39. Earlier ships of 150 meters in length could be handled at this berth.

The change in the berth's passport is intended to improve the efficiency of the current berths of NUTEP, reduce the waiting time for vessels on the roadstead, and reduce the ship owners’ expenses by reducing the time of vessel processing and the overall delivery time of cargo by sea when entering the terminal.

The linear ship of the Yang Ming line, 172 meters long, was moored at berth protection No. 39 on 7 April 2017.
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04.04.2017

FITCH AFFIRMS DELOPORTS AT 'BB-'



DeloPorts announces that Fitch Ratings agency (Fitch) affirmed DeloPorts’ long-term issuer default rating (IDR) and RUB3bn unsecured bond rating of DeloPorts at BB-. The ratings outlook is stable. 

Full report is available on the Fitch website at https://www.fitchratings.com


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03.04.2017

RECORD MONTHLY CONTAINER THROUGHPUT



In March 2017, NUTEP handled 31,034 TEU, a monthly record for the terminal.
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11.01.2017

DELOPORTS 2016 OPERATING RESULTS




OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the full year of 2016.

In the reporting period DeloPorts terminals handled 6.0 million tonnes of cargo, which represents a 10% increase compared to 2015 mainly due to growth of volumes in its core operating segments.


Cargo throughput (‘000 tonnes)

Cargo type

1Q 16

2Q 16

3Q 16

4Q 16

2016

2015

2016/

2015

Containers

622

708

520

588

   2,438

   1,994

 22%

Grain

829

371

1,077

1,044

3,322

2,811

18%

General cargo

51

45

12

81

189

260

(27%)

Ro-Ro

26

7

27

19

79

407

(80%)

Total cargo throughput

1,528

1,132

1,636

1,732

6,028

5,472

10%

including:

Containers (‘000 TEU)

58

71

46

58

233

203

15%

Ro-Ro (‘000 units)

3

2

4

3

12

24

(50%)

Bunkering fuel sales

9

4

2

16

31

98

(69%)

In 2016 NUTEP handled 233,479 TEU (+15% compared to the previous year) caused by partial container market recovery. The increase in container turnover of Novorossiysk is estimated at 5%*. Containerized cargo tonnage reached 2.4 million tonnes, or a 22% growth, driven by the increase in the share of loaded containers. Throughout the year the terminal showed record April results and handled 25,521 TEU.

KSK grain terminal demonstrated a 18% increase of volumes in 2016 compared to 2015 resulting from the Russian grain export increase. In the reporting period KSK loaded 3.3 million tonnes with the absolute monthly record of 422,506 tonnes set in October.

General cargo volumes in 2016 decreased by 27% compared to the previous year and amounted to 189,009 tonnes.

Ro-Ro operations of DeloPorts saw lower throughput volumes in 2016 and reached 79,397 tonnes in the period due to decrease in rolling cargo imports and cancellation of cabotage services in 2015. In unit equivalent Ro-Ro volumes decreased by 50% in 2016 compared to 2015 and amounted to 11,989 units.

Bunkering fuel sales showed a 69% decline compared to the previous year and reached 30,775 tonnes.

* Company’s data
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01.12.2016

DELOPORTS COMPANIES SIGNED AGREEMENTS WITH ROSMORPORT



NUTEP container terminal and KSK grain terminal, stevedore assets of DeloPorts, signed cooperation agreements with Rosmorport at the 10th Transport Forum in Moscow.

Signed agreements regulate the cooperation between the parties and Rosmorport on the implementation of DeloPorts investment projects - construction of a deep-water berth №38 at NUTEP and a project to increase throughput capacity of KSK grain terminal.

NUTEP.jpg


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14.11.2016

TOS AND DAMEN SIGN THE AGREEMENT FOR THE DELIVERY OF FOUR TUGS



TOS Bunkering Company and the largest Dutch shipbuilder Damen have signed an agreement on the construction and delivery of four tug boats.

According to the agreement, three ships will be delivered to Novorossiysk in the 3rd quarter of 2017 with the fourth one to be delivered in 2018.

Commenting on the signed document, TOS CEO Oleg Nechaev stated:

"We are extremely happy about the signing of the contract. TOS is launching a new profitable business – together with bunkering services, TOS is becoming a center for all auxiliary services at DeloPorts terminals. The new service is expected to be able to serve all vessels calling at DeloPorts' terminals.

Damen Shipyards Group is the largest shipbuilding group which includes shipbuilding and repair yards all over the world.
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10.11.2016

DELOPORTS AWARDED FOR THE BEST ANNUAL REPORT BY THE MOSCOW STOCK EXCHANGE



According to the results of XIX annual competition organized by the Moscow Stock Exchange and RCB media group, DeloPorts Annual Report 2015 has been announced the winner in the nomination "Best Presentation of Business Model in the Annual Report of a Non-Public Company".

DeloPorts Annual Report also entered the short-list for "Best Design and Concept of the Annual Report."

This year 139 companies participated in the competition. Annual reports of participants were assessed by the leading financial industry experts, representatives of investment, rating and communications agencies, members of professional associations and public organizations.

This contest is the main platform for presentation of annual reports, and promotes transparency of companies operating in Russia and corporate culture development.

DeloPorts 2014 Annual Report was also included in the top ten reports of the nomination "Best Design and Concept of the Annual Report" competition of the Moscow Stock Exchange and was awarded with the Bronze award in the "Transportation" category in the competition held by the League of American Communications Professionals (LACP Vision Awards).

DeloPorts Annual Reports are published on the corporate website in the section “Investors”.
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08.11.2016

STANDARD & POOR’S UPGRADES DELOPORTS TO BB-



DeloPorts announces that Standard & Poor’s rating agency (S&P) upgraded DeloPorts’ long-term credit rating from B+ to BB- with a “stable” outlook. 

Commenting on the upgrade, Igor Yakovenko, DeloPorts CEO, stated:

"We are pleased to receive a positive and independent assessment of our achievements. We believe that the rating upgrade reflects the results of our team on development of the stevedoring business of Delo Group. We delivered on our forecasts that were made during initial rating assessment, we demonstrated resilience of our operating model to market volatility of the past several years, our new development programme is aimed at creating and securing competitive advantages for DeloPorts for years to come."

Full report is available on the S&P’s website at www.standardandpoors.com
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07.11.2016

RECORD MONTHLY GRAIN THROUGHPUT



In October 2016, KSK grain terminal handled more than 420 thousand tonnes which sets a monthly record for the terminal.

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14.10.2016

DELOPORTS OPERATING RESULTS FOR 9 MONTHS 2016



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the nine months of 2016.

In January-September 2016 DeloPorts terminals handled 4.3 million tonnes of cargo, which represents a 12% increase compared to the same period of 2015 mainly due to higher volumes of grain exports and growth of container traffic.

Cargo throughput (‘000 tonnes)

Cargo type

1Q 16

2Q 16

3Q 16

 

9М 16

9М 15

9М 16/

9М 15

Containers

 622

 708

520

 1,850

 1,479

 25%

Grain

 829

 371

1,077

 2,277

 1,830

 24%

General cargo

 51

 45

12

 108

 167

 (35%)

Ro-Ro

26

 8

27

 61

 366

 (83%)

Total cargo throughput

 1,528

 1,132

 1,636

 4,296

 3,843

 12%

including:

 

 

 

 

 

 

Containers (‘000 TEU)

 58

 71

46

 175

 154

 14%

 Ro-Ro (‘000 units)

 3

 1

4

 9

 20

 (58%)

 

 

 

 

 

 

 

 Bunkering fuel sales

 9

 4

2

 15

 81

 (82%)


In 9M16 NUTEP handled 1,849,783 tonnes of containerized cargo (+25% vs. 9M15). In TEU equivalent container throughput increased by 14% compared to the previous year and reached 175,114 TEU. The growth of NUTEP handling volumes reflects partial container market recovery.

In January-September 2016 KSK grain terminal loaded 2,277,467 tonnes of grain, a 24% increase of volumes compared to 2015, due to grain export increase.

General cargo volumes decreased by 35% compared to the previous year resulting from the imports reduction.

Ro-Ro operations of DeloPorts terminals saw lower throughput volumes in 9M16 (-83% vs.9M15) and reached 60,544 tonnes in the period. In unit equivalent Ro-Ro volumes decreased by 58% in 9M16 versus 9M15 and amounted to 8,525 units.

Bunkering fuel sales showed a 82% decline compared to 9M15 and reached 14,825 tonnes.
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13.09.2016

PROGRESS ON CONSTRUCTION OF DEEPWATER BERTH #38



DeloPorts has completed construction of the connecting area for a deepwater berth on the territory of NUTEP container terminal. Currently development of the new area is in process. It will allow NUTEP to serve vessels up to 172 meters, starting from September 2016. Launch of the berth protection #38 should increase the speed of handling operations and reduce the burden on the current berths.

Construction of a deepwater berth in Novorossiysk is one of the top priority projects aimed at the development of the Group's stevedoring assets.
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30.08.2016

DELOPORTS IFRS FINANCIALS FOR 1H 2016



Key financials:
• Consolidated revenue RUB 3,696 mln (+9%)
• Consolidated EBITDA RUB 2,776 mln (+40%)
• EBITDA margin 75% as against 58% in 1H 2015
• Adjusted net profit RUB 1,889 mln (+47%)
• Operating cash flow RUB 2,261 mln (+37%)
• CAPEX RUB 359 mln (+127%)
• Net debt stayed flat as RUB 4,673 mln 
• Net debt/EBITDA 0.8x versus 1.1x as of 30 June 2015 and 1.0x as of 31 December 2015

Key operating results:
• Total volume of cargo handling 2.7 mln tonnes (+10%)
• Grain handling volume 1.2 mln tonnes (+41%)
• Container throughput 129 ‘000 TEU (+8%)

Key developments:
• Completion of the first stage of the berth construction and launch of the second stage of the construction
• Corporate credit rating affirmation at B+ with a stable outlook (Standard &Poor’s)
• Establishment of the managing company as the final stage of the Group’s reorganisation 

Commenting on the results, Igor Yakovenko, DeloPorts CEO, stated: 

“DeloPorts team continues to deliver strong turnover, revenue and EBITDA growth driven by the growth of container traffic, higher volumes of grain exports and implementation of initiatives aimed at improving internal processes at the terminals in the first half of 2016. Solid operating and financial results are reflective of DeloPorts commitment to delivering on key strategic priorities with the customers in focus.”

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 30 June 2016, covering a six-month period ending on that date, is available on the website of DeloPorts.

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15.07.2016

DELOPORTS 1H 2016 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, publishes its operating results for the six months of 2016.

In 1H 2016 DeloPorts terminals handled 2.7 million tonnes of cargo, which represents a 10% increase compared to 1H 2015 caused mainly by growth of container traffic and higher volumes of grain exports.

 Cargo throughput (‘000 tonnes)

Cargo type

1Q16

2Q16

 

1H 2016

1H 2015

1H 2016/ 

1H 2015 

change

Containers

622

708

 

1,330

1,110

20%

Grain

829

371

 

1,200

852

41%

General cargo

51

45

 

96

121

(20%)

Ro-Ro

26

8

 

34

326

(90%)

Total cargo throughput

1,528

1,132

 

2,660

2,409

10%

including:

 

 

 

 

 

Containers (‘000 TEU)

58

71


129

119

8%

Ro-Ro (‘000 units)

3

1

 

4

17

(76%)

Bunkering fuel sales

9

4

 

13

53

(75%)


In 1H 2016 NUTEP container terminal demonstrated growth of volumes due to partial container market recovery. In tonnage terms containerized cargo throughput increased by 20% compared to the same period of 2015 and amounted to 1,330,037 tonnes. In twenty-foot equivalent NUTEP handled 128,848 TEU (+8% compared to 1H 2015). In April the terminal showed record results and handled 25,521 TEU.

The volume of grain transhipped through KSK grain terminal reached 1,200,034 tonnes (+41% compared to the same period of 2015) due to grain exports increase. According to the results of the harvest season 2015-2016 transhipment of grain at KSK increased by 20% compared to the season 2014-2015 and amounted to 3.2 million tonnes.

General cargo handling volumes in 1H 2016 decreased by 20% compared to January-June 2015 due to the growth in container traffic.

Ro-Ro volumes decreased in terms of tonnage (-90%) and units (-76%) versus 1H 2015 and amounted to 33,889 tonnes and 4,104 units respectively.

In 1H 2016 bunkering fuel sales decreased by 75% compared to the previous year and reached 13,235 tonnes.
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01.06.2016

INCLUSION OF BONDS IN BANK OF RUSSIA LOMBARD LIST



DeloPorts Ruble bonds were included in Bank of Russia Lombard list according to the decision of Central Bank Board of Directors on 26 May 2016.

The inclusion of bonds in the Lombard list allows bond holders to REPO them with the Central Bank of Russia.

DeloPorts completed its debut 3 billion Ruble bond placement in November 2015. The bonds mature in 10 years with a call after year 3. The annual coupon rate was set at 13.80%.
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15.04.2016

DELOPORTS 1Q 2016 OPERATING RESULTS



OOO “DeloPorts” (hereinafter DeloPorts), a major Russian stevedoring holding company, consolidating the assets of Delo Group in the grain and container segments, reports its operating results for the first quarter of 2016.

In 1Q16 DeloPorts’ terminals increased total throughput to 1.5 million tonnes of cargo (+19% compared to 1Q15). The growth of volumes is primarily driven by higher volumes of grain exports and containerized exports growth.

Cargo throughput (‘000 tonnes)

Cargo type

1Q16

1Q15

1Q16/1Q15 change

Containers

622

590

5%

Grain

829

479

73%

General cargo

51

41

23%

Ro-Ro

26

172

(85%)

Total cargo throughput

1,528

1,282

19%

including:

 

 

Containers (‘000 TEU)

58

67

(13%)

Ro-Ro (‘000 units)

3

10

(73%)

Bunkering fuel sales

9

22

(58%)


In 1Q16 NUTEP container terminal handled 622,250 tonnes of containerized cargo (+5% compared to 1Q15). In twenty-foot equivalent units NUTEP container throughput reached 58,360 TEU, a 13% decline compared to January-March 2015 mainly due to the high base effect since the decrease in NUTEP volumes started only in March 2015. The growth of handling volumes in terms of tonnage reflects the growth in loaded exports.
 

In January – March 2016 KSK grain terminal demonstrated 73% growth of volumes handled compared to the same period of 2015. This was due to the low base effect of 2015 on the back of a slowdown of exports after the introduction of export duty.

General cargo handling in 1Q16 increased by 23% compared to 1Q15 and reached 50,781 tonnes.

Ro-Ro volumes decreased in terms of tonnage (-85%) and units (-73%) versus 1Q16 as a result of general decline of imports.

In 1Q16 bunkering fuel sales decreased by 58% compared to 1Q15 and reached 9,283 tonnes.






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11.04.2016

DELOPORTS IFRS FINANCIALS FOR 2015



Key financials:
• Consolidated revenue RUB 7,771 mln (+3%)
• Consolidated EBITDA RUB 4,882 mln (+27%)
• EBITDA margin 63% as against 51% in 2014
• Adjusted net profit RUB 3,290 mln (+36%)
• Operating cash flow RUB 4,453 mln (+33%)
• CAPEX RUB 562 mln (+51%)
• Net debt RUB 4,659 mln (-27% compared to 31 December 2014)
• Net debt/EBITDA 1.0x versus 1.7x as of 31 December 2014

Key operating results:
• Total volume of cargo handling 5.5 mln tonnes (-15%)
• Grain handling volume 2.8 mln tonnes (-1%)
• Container throughput 203 ‘000 TEU (-23%)

Key developments:
• Transfer of stevedoring assets and the bunkering company to the Russian holding company OOO “DeloPorts”
• Assignment of corporate credit ratings to DeloPorts: BB- (Fitch) and B+ (S&P)
• Debut ruble bond offering
• Launch of deep-water berth construction at NUTEP container terminal
• Creation of joint technical directorate for more efficient management of investment projects

Igor Yakovenko, DeloPorts CEO, stated: "Results for 2015 have proved the efficiency of DeloPorts' business model and the Company's resilience to market volatility. Focus on high-margin cargoes, a balance of imports and exports in our turnover and the aim to meet the standards of our most demanding clients enabled us to increase revenue and EBITDA (+3% and +27% respectively), boosting the EBITDA margin to 63% by year end. We successfully approached the domestic market in order to diversify our sources of funding through a debut bond offering in November 2015. We also launched the new stage of our investment programme. Its completion is set to double DeloPorts’ throughput and give the Group additional competitive advantages".

A full version of the Company's audited consolidated financial statements prepared in accordance with IFRS as of 31 December 2015, covering a twelve-month period ending on that date, is available on the website of DeloPorts
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DeloPorts Limited transferred all interests in its subsidiaries into the capital of OOO DeloPorts (Russia) in July 2015