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In general, for two months of the new grain season, the KSK terminal handled 914.5 thousand tons of grain cargo for export, and by this indicator it outstripped all competitors in the region of presence.

Commenting on the achievements, Chief Executive Officer of the terminal, Alexander Trukhanovich, noted: “In July of this year, a new deep-water berth KSK No. 40A was put into operation, the construction of which completed a large investment program for the reconstruction of the terminal. As we can see, investments immediately began to have an effect, the start of the grain season went well, and we hope to end the year with a new record.

In contrast to the beginning of the last season, cars prevail in this one among the transport vehicles. To prevent the formation of a queue, further improvement of the process of their unloading was required. The technological scheme was corrected and due to the improvement of the working method the number of vehicles processed every day surely exceeds the figure of 600 units ”.

About company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. 

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The analysis of their results once again confirmed the effectiveness and timeliness of the earlier decisions on the construction of this facility.

The commissioning of the berth immediately had a positive effect on the volume of container flow passing through the terminal, which by the end of 2020 increased by 30% compared to 2019, and by the end of 7 months of 2021 - by 19% compared to the same period last year. Currently, more than half of NUTEP's containers handled at berth No. 38 over the two years of operation, more than 540 thousand TEUs (53% of the total volume) have passed through it, and these indicators continue to grow. In general, the terminal's capacity after the berth was put into operation increased to 700 thousand TEUs per year.

The increase in the volume of containers handled directly affected the share of NUTEP in this market segment - by the end of 2020, it grew in the Novorossiysk transport hub by 13%, to 62%, and in 7 months of 2021 - by another 4.7%. On a Russian scale, the increase was 2% and 1.2%, respectively, to 9.2% in 2020 and to 10.4% in 7 months of this year. The launch of the berth made it possible not only to attract the ocean service ME3 of the Maersk line (container ships of the Panamax class with a capacity of 6500-7100 TEUs) and the ZIM feeder service (vessels with a capacity of up to 3500 TEUs), but also expanded the variability of NUTEP. Simultaneous handling of three vessels at the terminal berths made it possible to satisfy all customer requests, especially in the autumn-winter period, reduced to naught the waiting time for vessels in the roadstead before they were placed for unloading / loading in favorable weather conditions and to manage with minimal loss of time in stormy weather.

Another component of the launch of the berth was the increase in the territory, including by 4 hectares of warehouse - the most important segment of the terminal. In addition, it made it possible to install new heavy equipment in May 2021 - five RTG container gantry cranes. Due to their characteristics, the total capacity of the NUTEP warehouse increased by another 15% and ensured the receipt and dispatch of additional cargo volumes.

Commenting on the results of the two-year operation of berth No. 38, Igor Yakovenko, General Director of DeloPorts, noted: «Having invested quite significant funds in this investment project, we expected comparable results from its implementation. It is gratifying to admit today that we were not mistaken in our expectations. Deep-water berth No. 38 has become more than just a new hydraulic structure. In fact, he transferred the terminal to a different, higher level of operation since the synergistic effect from its operation exceeded all forecasts. This is clearly visible both in the operational and financial results and externally - NUTEP has become a powerful modern container hub capable of satisfying all the needs of our customers».

At the same time, the company's debt burden continues to decrease in terms of the net debt / EBITDA ratio. The following key financial indicators were recorded for DeloPorts.

• Consolidated revenue - RUB 7,009 million. (+ 27.0%);Consolidated EBITDA - RUB 5,726 million. (+ 30.6%);
  
• EBITDA margin - 81.7% (+ 2.3%);
  
• Adjusted net profit - RUB 4,054 million. (+ 41.9%);
  
• Operating cash flow - RUB 3,722 million. (-0.6%);
  
• Capital expenditures - 691 million rubles. (-27.2%);
  
• Net debt (as of June 30, 2021) - RUB 21,720 million. (+ 0.6% compared to December 31, 2020)
  
• Net debt / EBITDA (30 June 2021) - 1.8x vs. 2.0x as of 31 December 2020
  

Commenting on the results, Igor Yakovenko, Сhief Executive Officer of DeloPorts, noted: “According to the results of the first half of 2021, the holding company showed significant growth in the container and grain segments by increasing the operating efficiency of the terminals. In the face of serious competition, the well-coordinated work of the terminals of KSK, NUTEP and Delo Service Company gave a noticeable synergistic effect and allowed us to achieve significant growth in revenue and EBITDA, as well as an increase in business margins.

DeloPorts has consistently got there more than comfortable debt burden in terms of the net debt / EBITDA ratio, first, in connection with the completion of work within the framework of a large investment project “Reconstruction of the grain terminal with a cargo turnover of 2.5 million tons per year with an increase in cargo turnover to 4 million tons per year”. We plan to see the positive results of the commissioned in July 2021 the deep-water berth No. 40A at the KSK Grain Terminal by the end of this year. "

DeloPorts CEO Igor Yakovenko commented on the results: “In the first quarter of 2021 the Group increased throughput above the market in both segments – containers and grain – due to the growth of operating efficiency. Given the throughput growth at the deep-water container berth, the TEU handling at container terminal increased by 17% in 6 months 2021, surpassing the overall container throughput growth rate of Russian sea ports that reached 7% in this period. Grain handling at our terminal increased by 4% compared to the general decline in deep-water grain export by 5%. 

The Group gradually invests in creating new storage and handling capacities. We already introduced a successful deep-water container berth and last year the Company increased grain storage capacity to 230 thous. tons. In July Delo Group launched a new deep-water grain berth 40A with length 309 meters and depth 16.9 meters. This allows us to create new services and opportunities for our clients. Now we can receive 100 thous. tons DWT vessels with maximum draught of 14.4 meters”. 

DeloPorts’ throughput, 6 months 2021 (‘000 tons)

*Minor deviations in the calculation of the percentage changes in this press release are due to rounding.

About the Company

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

The berth was constructed as part of a major investment project “Reconstruction of KSK Grain Terminal”, the cost of the work amounted to about USD 68 million of the Group's own funds. At the end of 2020 and the first half of this year, the KSK terminal ranks second in Russia in terms of transshipment volumes.

The depth near the berth has been brought to 16.9 meters, which makes it the deepest in the Azov-Black Sea basin. This allows to receive vessels with deadweight up to 100 thousand tons and maximum draft up to 14.4 meters. Prior to its commissioning, KSK Grain Terminal could receive grain carriers with a maximum carrying capacity of up to 50 thousand tons. With the launch of the berth, the planned capacity of KSK increased to 7 million tons per year.

The launch of a modernized port infrastructure facility of this scale has not only regional but also federal significance. The opening was attended by Deputy Minister of Agriculture of the Russian Federation Oksana Lut, Deputy Head of Rosmorrechflot Konstantin Anisimov, representatives of federal executive authorities, the leadership of Krasnodar Krai and its districts, other subjects of the Southern Federal District, Novorossiysk, the second shareholder of the KSK company “Cargill”, central offices of credit institutions, business structures, their regional offices, and the largest clients of the terminal.

Speaking at the opening ceremony, the head and owner of Delo Group Sergey Shishkarev noted: “Today we are not just opening a new modern port infrastructure facility. We mark the completion of a major comprehensive investment project launched in 2015 for the reconstruction of the NUTEP and KSK terminals. The total volume of investments made by the Group in this project amounted to USD 335 million of its own funds alone, without attracting government investments.

Nevertheless, all our investment projects are always calculated taking into account the implementation of the strategic objectives of the state and national projects. The development of logistics for Russian agricultural exports will strengthen the role of Russia in the world grain market, open new sales markets for Russian farmers in Southeast Asia and the Middle East. The group has always associated itself with the economic system of our country, its principle is "Developing with the economy, developing for the economy."

According to Oksana Lut, about 90% of domestic grain exports go by sea, mostly through the Azov-Black Sea ports. Taking this into account, Novorossiysk remains one of the most important transport arteries - in the past season, a third of the total volume of supplies passed through this port, with more than 10% accounted for by the KSK terminal.

As the Deputy Minister noted, the industry plans to increase grain production every year. The long-term strategy for the development of the grain complex assumes a significant increase in the harvest in the next 10 years. "Projects like this are very important from the point of view of further increasing exports and improving transport accessibility," - said Oksana Lut.

Most of the speakers noted that the successful implementation of such large investment projects in our difficult times testifies to business confidence in the steps of the Russian leadership to develop the country's economy and to a definite support for them by the business community.

During the festive event, a symbolic launch of the grain loading of the first vessel moored at the new berth - the Belfuji bulk carrier with a deadweight of 63.5 thousand tons was given.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The mooring operations for placing Belfuji to the berth, carried out by tugboats of Delo Service Company, were carried out in the normal mode.  Grain will begin to flow into its holds on July 20 during the launching ceremony of the reconstructed KSK terminal.

Deep-water berth No. 40A, with a depth of 16.9 meters, was specially constructed for vessels of this class and more (with deadweight up to 100 thousand tons and maximum draft up to 14.4 meters). Prior to its commissioning, KSK Grain Terminal could receive grain carriers with a maximum carrying capacity of up to 50 thousand tons.

Commenting on the arrival and mooring of Belfuji, Igor Yakovenko, Chief Executive Officer of DeloPorts, noted: «The positioning of the vessel for loading at the new berth of KSK went smoothly, confirming all our calculations on the berth parameters and once again showing the high professionalism of the tugboat crews of Delo Service Company. In fact, this is the first sign of the opening of the path to new markets and new opportunities. It is symbolic and logical that Belfuji will be received with the grain of our reliable business partner and the second shareholder of KSK «Cargill».

The modern building of the complex is equipped with everything necessary for organizing the assembly and training processes, for holding competitions at the regional and federal levels. It has spacious gaming rooms and related infrastructure. During the construction of the complex, special attention was paid to the possibility of training young athletes on its basis.

Igor Yakovenko, Chief Executive Officer of Management Company Delo, Alexander Vlasov, Deputy Governor of the Krasnodar Krai and Roman Breus, Deputy Governor of Novorossiysk, took part in the opening ceremony of the complex. A congratulatory telegram from the Minister of Sports of the Russian Federation Oleg Matytsin was read out.

When opening the complex, Igor Yakovenko thanked everyone involved in the creation of the facility and stressed: «The construction of the complex was a very important task. Not the most difficult in terms of engineering, it, nevertheless, was constructed for a specific event - the departure of our women's handball team to the Tokyo Olympics. Our girls went there in the rank of Olympic champions, we are sure they will defend this high title. The second most important mission of the complex is the Group's social responsibility to the residents of Novorossiysk, a region where our assets have been present for many decades. And the development of mass, first of all, children's and youth sports, has always been and remains the first priority for the head of the Handball Federation of Russia and our shareholder Sergey Shishkarev. Let us be higher, faster, stronger!».

After the opening of the new sports complex, a friendly match between the women's handball clubs of CSKA and Kuban took place. As a result, the desire to live a full sports life and achieve new victories won out.

It is officially allowed to conduct border, customs and other types of control at the new deep-water berth No. 40A of KSK, which is a part of DeloPorts, a stevedore asset of Delo Group,from July 14, 2021. . This procedure, in accordance with the decision of the Government of the Russian Federation, will remain in effect until the official entry into force of the normative act of the Ministry of Transport of Russia on the opening of a sea checkpoint across the state border of the Russian Federation in the seaport of Novorossiysk within the territory of KSK, determined by the Interdepartmental Commission held on July 6, 2021.

The ceremony of commissioning the deep-water berth No. 40A, built as part of the major investment project "Reconstruction of KSK Grain Terminal", is scheduled for July 20, 2021.

«From that moment on, all legal issues related to the organization of these types of control at the berth have been resolved, it has actually been put into operation. It remains for us to work out the interaction with the regulatory authorities in the port and the procedure for accepting commissions for the implementation of all types of control. Everything will be done before the first vessel is received for loading at berth No. 40A», - said Alexander Trukhanovich, Chief Executive Officer of KSK Grain Terminal.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

Over the period since the previous record, KSK Grain Terminal, operating in conditions of serious competition and reconstruction of its facilities, has significantly increased its share in the transshipment market. Now it has 24.7% (2017/2018 season - 20.6%) among the TOP-5 grain terminals in Russia, 13.2% (11.3%) - in the Azov-Black Sea region and 11.6% (9, 3%) - in the total volume of transshipped export grain. At the end of 2020, KSK set a personal annual record, handling 5.1 million tons.

In June 2021, DeloPorts, a stevedore holding of Delo Group, increased the capacity of the power circuit of its KSK and NUTEP terminals. From January 1, 2022, it is planned to use “green energy” on these terminals supplied from the wind power plants of Atomenergopromsbyt (a part of NovaWind, the wind energy division of Rosatom State Corporation).

For these purposes, the modernized transformer substation No. 30 was launched, as a result, the capacity of each of the two transformers increased to 400 kW. This work was carried out in anticipation of the commissioning of the deep-water berth No. 40A and other facilities constructed within the framework of the major investment project “Reconstruction of KSK Grain Terminal”.

«Using electricity generated from wind power energy is a new practice for our terminals. The successful implementation of this project, an agreement on which we signed in April this year with the partner of Delo Group, the state corporation Rosatom, will help to promote such an initiative that is absolutely important for the ecology of our country. Taking into account this and the planned commissioning of the facilities of the reconstructed KSK Grain Terminal, the energy circuit of DeloPorts assets has been reinforced with new modern equipment, the power reserve of which will be enough to solve all the tasks at hand», - commented Igor Yakovenko, Chief Executive Officer of DeloPorts, on the launch of new power capacities.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

On July 6, 2021, KSK (hereinafter referred to as KSK, the Company), which is a part of DeloPorts, a stevedore holding of Delo Group, held an interdepartmental commission (hereinafter referred to as IAC) to verify the compliance of the marine cargo-passenger permanent multilateral checkpoint through the state border of the Russian Federation in the seaport of Novorossiysk, reconstructed within the territory of KSK, design documentation for construction.

The IAC was formed at the request of DeloPorts to the Ministry of Transport of Russia on the eve of the launch of the reconstructed KSK Grain Terminal in the second half of July this year. It included representatives of the Border Guard Service of the FSB of Russia, FCS of Russia, Rospotrebnadzor and Rosselkhoznadzor.

In the process of work, the IAC checked the compliance of the checkpoint within the Company with the design documentation for construction, its reconstruction, installation of modular (mobile) complexes, equipment and technical equipment of buildings, premises and structures necessary for organizing border, customs and other types of control.

Based on the results, the IAC recognized that the checkpoint across the state border of the Russian Federation, reconstructed within the KSK, meets the requirements of the design documentation for construction and can be opened for operation. The decision of the IAC is formalized in the corresponding protocol.

Assessing the results of the work of the IAC, Chief Executive Officer of KSK, Alexander Trukhanovich noted: «I am grateful to all members of the commission for their high professionalism and constructive approach during the inspection. Realizing the importance of carrying out control measures at the checkpoint across the state border of Russia, KSK fully complied with all the requirements for its reconstruction. And today the commission confirmed that the checkpoint within our terminal is ready for work. This is one of the most important decisions on the eve of the commissioning of deep-water berth No. 40A, completing the set of measures for the state registration of the erected facilities».

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The deep-water berth No. 40A with a total area of ​​7686.9 sq.m. and the coastal conveyor gallery No. 11, the length of which, as a result of modernization, increased from 364.8 to 614.8 meters and the area - from 2880 to 4425.2 sq.m. have been registered. 

Commenting on the completion of the registration, Alexander Trukhanovich, Chief Executive Officer of KSK, said: «Today we have completed the legal formalities that mark the transfer of the new capacities of the reconstructed KSK terminal from the category of just reinforced concrete structures to objects that can be legally operated. This means that the terminal is ready to be put into operation and brought up to the planned load. We expect to do this in the second half of July».

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The manufacture and supply of cranes, the contract for which was signed in May 2020 and is estimated at USD 8 million 350 thousand, is part of the final stage of an investment project for the reconstruction and expansion of the container terminal's capacity.

Yury Matvienko, Chief Executive Officer of NUTEP, noted: “The new cranes have a significant advantage - they are capable of storing a tier of six (6 + 1) containers, while the currently operated crane equipment is only out of five (5 + 1). The increase in the number of layers will allow us to expand the capacity of the storage area by 15% and ensure the receipt and dispatch of additional cargo volumes. "

The NUTEP terminal currently operates five RTG KONE CRANE cranes and four RTG ZPMC cranes. The new equipment is planned to be commissioned in the 3rd quarter of 2021.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company. 

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

Despite the pandemic, due to an increase in grain and container handling, the results of DeloPorts in the past year were better than expected. One of the factors that contributed to this was the launch of deep-water berth No. 38 in 2019.

According to S&P estimates, the EBITDA growth of DeloPorts was 46%, the ratio of funds from operating activities (FFO) to debt showed 26% versus 20% in the baseline scenario of the rating agency.

At the same time, the “Stable” forecast given by the agency implies that DeloPorts has the potential and prerequisites to maintain the weighted average FFO / debt ratio at the level of 25% -30% in the next three years. As noted by S&P, it was also influenced by the development strategy adopted by Delo Group, which does not imply the acquisition of new assets using borrowed funds in the next two years but plans to invest in organic growth.

The same forecast considers potential positive processes in the Russian economy in 2021 and their impact on the activities of the stevedore asset.

The agency assessed the liquidity of DeloPorts as adequate, noted the company's ability to manage it having access to bank financing and capital markets.

S&P predicts an increase in container turnover in 2021–2022 by 8–12% per year, grain turnover by 5–7%, adjusted EBITDA margin at 78% –80% as the next baseline scenario for DeloPorts soon.

Commenting on the agency's research and conclusions, Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “We see that the implemented investment projects, for example, deep-water container berth No. 38, have a significant positive impact on the operating activities of our assets and on the image of the Company. In summer we plan to launch a deep-water grain berth No. 40A. I am sure that the subsequent effect will be reflected in the next study of the rating agency and in the overall rating of DeloPorts”.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The agreement was signed by Igor Yakovenko, Chief Executive Officer of Management Company Delo, the parent company of Delo Group, and Ekaterina Lyakhova, Director for Investment and Operational Effectiveness Management, ROSATOM (Chairman).

One of the first steps in the implementation of this agreement provides for the organization of the supply of electricity generated from wind energy to the largest terminals in the Azov-Black Sea region of Russia NUTEP Container Terminal and KSK Grain Terminal in Novorossiysk (part of DeloPorts, the Group's stevedore asset).

Atomenergopromsbyt (part of NovaWind - the wind energy division of Rosatom State Corporation) was the partner in the new project.

The contractual relationship establishes that from January 1, 2022, the terminals will completely switch to the use of electricity generated at wind farms.

KSK and NUTEP became the first large port infrastructure facilities in Russia to announce the transition to the use of renewable energy.

“Rosatom is consistently implementing a strategy to produce low-carbon energy based on nuclear and wind power generation. Currently, more and more companies are choosing the path of sustainable business development.

In many ways, this becomes the key to competitiveness and long-term commercial success. And I hope that today's agreement is only the first step towards the transition of enterprises in the logistics industry in Russia to the use of low-carbon energy sources”, - said Yekaterina Lyakhova.

The annual throughput of NUTEP is 700 thousand TEUs, the container throughput of the terminal in 2020 reached 487 thousand TEUs. The share of NUTEP in the container turnover of the Azov-Black Sea basin is 61%, in Russia - 9%. The terminal's clients are the largest international lines. The throughput capacity of the KSK Grain Terminal is 6 million tons per year (after the completion of the reconstruction in 2021 - up to 7 million tons), in 2020 the terminal handled more than 5.1 million tons of grain. The share of KSK in the Russian grain export in 2020 reached 12%.

The «green port» project will allow the use of electricity production based on low-carbon green energy sources (RES) for the purpose of facilitating exports from the Russian Federation with minimal CO2 emissions. It will affect the reduction in NUTEP and KSK's calculated indicators for reporting indirect emissions greenhouse gas emissions (Scope 2) and other indirect carbon emissions (Scope 3) for their customers. Depending on the methodology adopted by the European Union, the indicators can reduce the value of the «carbon tax» on exports to the European Union for Russian exporters.

According to NovaWind, the potential reduction in CO2 emissions due to the transition to the use of wind energy according to NUTEP and KSK will reach 6.8 and 5.7 thousand tons of CO2 / year, respectively (in relation to traditional sources of electrical energy, provided that natural gas).

“One of the strategic objectives of Delo Group is the development of port and terminal infrastructure in accordance with the principles of sustainable development and minimal impact on the environment. The «green port» project at DeloPorts enterprises is a pilot, but a long-term one. We intend to expand and develop it at other enterprises of the Group. The NUTEP and KSK terminals are the most modern in the South of Russia, for their modernization the Group is implementing a large-scale investment program aimed at expanding capacity and purchasing the latest equipment. We strive to comply with ESG (Environmental, Social, Governance) principles and we are grateful to our partners in ROSATOM for their help and assistance in the Green Port project,” - Igor Yakovenko commented on the signed agreement.

About the Company

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

NovaWind JSC is a new division of Rosatom; its primary objective is to consolidate the State Corporation's efforts in advanced segments and technological platforms of the electric power sector. NovaWind implements the corporation's strategy in the wind energy business - from design and construction to power engineering and operation of wind farms. JSC NovaWind has already commissioned wind farms in southern Russia with a total capacity of 420 MW. In total, by 2024, enterprises in the management loop of NovaWind JSC will have to create wind power plants with a total capacity of about 1.2 GW.

In general, the volume of container handling through the NUTEP terminal for the first quarter of 2021 increased by almost 28 thousand TEUs compared to the same period last year and amounted to 153,494 TEUs.

Yury Matvienko, Chief Executive Officer of NUTEP, commenting on the achieved results, noted: “The first quarter of this year was very difficult for NUTEP - there is frequent stormy weather, which disrupted the rhythm of setting and handling of vessels to the berth, and objectively increased cargo traffic, which responded to market fluctuations. However, for our company, the quality of customer service has always been and remains in the first place. Both employees and technology were ready to work in difficult conditions. Special thanks to the NUTEP team, who showed real dedication. As we can see, the results for March and the first quarter of 2021 speak for themselves. But the record figures for us are firstly an indicator of the clients’ trust, for which we are very grateful to them".

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far

Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

Key financial indicators:

• Consolidated revenue RUB 13,099 mln (+ 33.2%)

• Consolidated EBITDA RUB 10,620 mln (+ 57.2%)

• EBITDA margin 81.1% versus 68.7% in 2019

• Operating cash flow RUB 8,988 mln (+ 60.4%)

• Capital expenditures RUR 1,949 mln (-52.9%)

• Net debt RUB 21,594 mln (-2.4%)

• Net debt / EBITDA 2x versus 3.3x as of 31 December 2019

Key operating indicators:

• Total volume of cargo handling 11.2 mln tons (+ 36.1%)

• Grain transshipment volume 5.1 mln tons (+ 43.3%)

• Container turnover 487 thous. TEUs (+ 29.8%)

The indicated revenue and EBITDA are the highest in the entire history of the stevedore holding.

During 2020, the assets of DeloPorts set several records: in the monthly transshipment of NUTEP Container Terminal in March - 50,518 TEU, in the monthly transshipment of KSK Grain Terminal in September - 667,991 tons, and in the annual transshipment of grain at the end of 2020 - 5.1 million tons.

Moreover, a new effective mobile application for the freight forwarders has been introduced at NUTEP Container Terminal, which makes it possible to speed up the transportation and inspections, as well as to minimize interaction with the terminal’ employees.

In 2021, DeloPorts will complete the implementation of a large investment project “Reconstruction of the grain terminal with an increase in cargo turnover to 4 million tons” by the beginning of the grain season, within the framework of which a permit from Rosmorrechflot has already been obtained to launch the deep-water grain berth No. 40A, fleet, motor transport and railroad components have been updated.

Igor Yakovenko, Chief Executive Officer of DeloPorts, commented on the financial results for the year: “The results of 2020 were expected for us, throughout the entire period we felt a gradual but continuous increase in cargo traffic, an increase in the load on our capacities.

Without a doubt, the result is very good, by far the best in the history of DeloPorts. It is doubly pleasant that both the employees and the equipment have withstood such a serious load with a large margin. This means that we are ready to move on and that our investments pay off. I would like to sincerely thank the management and all employees of DeloPorts for the contribution that each of them made to our common cause and common achievements".

DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group, received a permit from the Federal Agency for Sea and River Transport (Rosmorrechflot) to commission a new deep-water grain berth No. 40A, constructed within the framework of a large investment project "Reconstruction of the grain terminal with an increase in cargo turnover to 4 million tons", implemented jointly with Rosmorport. The permit was received by the company in March 2021.

The construction process of the berth for the KSK Grain Terminal started in June 2019. It included the reconstruction of the Rosmorport facilities (the formed territory and the wave barrier breakwater), and the construction of the berthing facilities, which was carried out in an innovative way from both sides, from the sea and from the land, with dredging of the water area. The main construction contractor was Novorostekhflot.

The construction of all the main facilities was efficiently and timely completed in January 2021. After that, all the necessary documents were sent to Rosmorrechflot to obtain permission to commission the berth. Dredging of the water area is ongoing.

The total cost of the project was 1.6 billion rubles, including 190 million spent on the reconstruction of federal facilities, and more than 1.4 billion rubles were spent on the construction of the berth.

According to the company’s estimates, the first vessel will be received at the renewed KSK Grain Terminal in July 2021.

Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “The main stage of reconstruction of KSK has been completed. The decision of Rosmorrechflot to allow the commissioning of berth  № 40A, built on schedule in difficult conditions, testifies to the high standards of work quality and responsibility, demonstrated by the DeloPorts team, our partners from Rosmorport and contractors from Novorostekhflot”.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

In  March 2021, NUTEP (part of DeloPorts, a stevedore asset of the largest transport and logistics holding in Russia, Delo Group) has significantly increased its transport equipment - both in the special vehicle  segment and in the segment of railway traction equipment.

To optimize the containers’ unloading and loading at the berth, NUTEP purchased and is currently putting into operation seven additional specialized Terberg YT222 terminal tractors (maximum carrying capacity 38 tons, engine power 238 hp). The official dealer of Terberg in Russia, Conecranes Demag Rus, provided the equipment for the total cost of 950 thousand euros.

The most important operating condition for NUTEP and KSK (grain terminal, part of DeloPorts) is the uninterrupted supply of loaded and empty wagons along the access railway tracks. To this end, in October 2020, NUTEP entered into an agreement with Transmashholding for 69 million rubles for the construction of a six-axle diesel locomotive TEM-18DM with a capacity of 1200 hp for the needs of both terminals for shunting and removal works . At present, the locomotive has been handed over to the customer and is being put into operation. It must replace the TEM2 diesel locomotive, which is nearing the end of its service life.

Commenting on these events, Igor Yakovenko, Chief Executive Officer of DeloPorts, said: “The purchase of new vehicle  and railway equipment is an integral part of the implementation of a large comprehensive investment project for the reconstruction and expansion of NUTEP and KSK, which we plan to complete this summer with the commissioning of new grain terminal’s capacities. For fast  and high-quality services of our customers in the conditions of increased cargo traffic, there should be enough modern. We have consistently increased our towing fleet by purchasing Delovoy-6, now the time has come for the automobile and rail components".

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The previous achievement of March 2020 is surpassed by 746 TEUs. Such figures were achieved thanks to the high quality of customer service and the speed of cargo handling. The reliable reputation of NUTEP among its clients allows the terminal to remain the leader in container turnover among stevedore assets in the Azov-Black Sea basin.

Igor Yakovenko, Chief Executive Officer of DeloPorts noted: “Over the last year we have been developing organizational ties within the Group, in our case, between DeloPorts, TransContainer and Ruscon – to optimize the container cargo turnover. Thanks to the improved synergy, the increase in cargo turnover of the terminal was estimated from the start of 2021. The NUTEP was ready for this».

Company information

DeloPorts is a Russian holding company that owns the stevedore assets of Delo Group in the port of Novorossiysk. The structure of assets includes the container terminal «NUTEP», the grain terminal «KSK» and the Service Company «Delo».

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The tugboat “Delovoy-6”, manufactured by Damen Shipyards Group, arrived at the port of Novorossiysk on the BBC ONYX on February 8, 2021.

The blessing ceremony was conducted by Bishop Feognost of Novorossiysk and Gelendzhik.

According to the maritime tradition, Natalia Semevskaya, Deputy Director of the Branch of OOO Delo-Center in the city of Novorossiysk, became the godmother. Natalia Semevskaya has been working in the holding for over 25 years.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

The agency revised the credit rating of the holding considering the updated methodology, operating and financial performance of the holding in the first 6 months of 2020 and positive expectations of operating and financial results in 2020-2021. The agency notes the absence of recourse on DeloPorts debt obligations, positively assessing the company's operational risk profile.

At the end of 2020, the container turnover of DeloPorts (NUTEP terminal) amounted to 487 thousand TEU, a 30% increase compared to 2019 - with a drop in container handling in all ports of the Russian Federation over the same period by 1% and an increase in the Azov-Black Sea basin - by 3%. DeloPorts increased grain handling (KSK terminal) by 43% to 5.1 million tons due to favorable market conditions and the introduction of additional grain storage capacities.

Expert RA emphasizes the importance of DeloPorts investment projects in building up the capacity of container and grain terminals. The commissioning of a deep-water container berth No. 38, which allows servicing vessels up to 10 thousand TEU, the expansion of the storage areas allowed to expand the terminal's throughput capacity to 700 thousand TEU per year. Among the competitive advantages of DeloPorts, the agency notes the construction of a grain deep-water berth No. 40a at the KSK terminal with the ability to simultaneously receive two vessels and the construction of additional silos, which will make it possible to form larger shiploads.

“The agency's positive outlook reflects our expectations for DeloPorts' operating and financial results for the foreseeable future. Successful implementation of investment projects and competent construction of operational interactions allow us to develop and grow faster than the market.

Deep-water container berth No. 38, commissioned in 2019, has already demonstrated its demand among customers. The deep-water grain berth 40a, scheduled for completion in the summer of 2021, will enable us to provide our customers with a new level of service and speed up the handling of large shiploads. The tugboats fleet of SC Delo received the sixth tugboat, which will allow us to speed up the positioning of vessels and handling of cargo within the holding”, - commented Igor Yakovenko, Chief Executive Officer of DeloPorts.

The main characteristics of «Delovoy-6» are length - 22.73 m, width - 9.80 m, engine power - 3000 kW or 4080 hp, tugboat type - azimuth.

The increase in the number of the tugboats fleet is part of the ongoing plans to expand the production capabilities of stevedore assets.

Chief Executive Officer of DeloPorts, Igor Yakovenko emphasized: «After the launch of the reconstructed KSK Grain Terminal, scheduled for the summer of 2021, we expect to host grain carriers with a carrying capacity of up to 100 thousand tons. The NUTEP Container Terminal is operating at full capacity. Very soon, we will have to simultaneously moor large vessels at both terminals, so expanding our own tugboat fleet is a logical step towards solving this problem».

In addition to the towing functions itself, «Delovoy-6» is equipped with a fire-prevention system. Now the fleet of SC Delo consists of six powerful tugboats, three of which have a fire class.

The implementation of the investment project will allow KSK to increase the terminal's capacity to 7 million tons of grain per year.  At present, the construction of a deep-water grain berth No 40A has been completed in Novorossiysk. Commissioning is scheduled for July 2021.

 The funds are provided as part of the interest rate subsidy program approved by Decree of the Government of the Russian Federation of April 26, 2019 No. 512 "On the provision of subsidies from the federal budget to Russian credit institutions, international financial institutions and the state development corporation “VEB.RF” to compensate for lost income on loans issued to agricultural producers that have entered into agreements on increasing competitiveness ... ". 

The size of the subsidy to Alfa-Bank reaches 90% of the key rate of the Central Bank of Russia.

Igor Yakovenko, Chief Executive Officer of DeloPorts, commenting on the agreement with Alfa-Bank, said: “Feeling the support of the state in the implementation of investment projects that are so important not only for us, but for the entire Russian economic system, we understand that we are part of it, and we do the right thing, we get additional confidence in the timely successful completion of the project.  We thank our partners from Alfa-Bank and look forward to further mutually beneficial cooperation with them".

“Alfa-Bank has been an active participant in Government programs to support Russian manufacturers for many years. We always strive to use every opportunity to support our clients' target projects. We are pleased to contribute to the development of the port infrastructure of DeloPorts for the transshipment of domestic agricultural products” - said Denis Kutasov, Director of Corporate Clients at Alfa-Bank.

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company. 

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms. The parent company of the Group is LLC MC Delo, 70% owned by the founder of the Group, Sergey Shishkarev, and 30% is owned by State Atomic Energy Corporation Rosatom.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

In 2020, the container terminal NUTEP (part of DeloPorts) increased its container turnover by 30% in twenty-foot equivalent, handling 486.83 thousand TEUs against the background of a general decrease in container turnover in Russian ports for 2020 by 2.3%. In the 4th quarter of 2020, the growth in container handling by NUTEP in comparison with the same period in 2019 amounted to 22.64%.

Grain handling at the KSK terminal (part of DeloPorts) in 2020 increased by 43% compared to 2019 and amounted to 5.1 mln tons. The terminal set an absolute annual record for handling grain, exceeding the 5 mln tons in December 2020. The volume of cargo handled in the 4th quarter of 2020 increased by 32% compared to the 4th quarter of 2019.

DeloPorts CEO Igor Yakovenko, assessing the positive results of 2020, outlined: “The past year, on the one hand, turned out to be difficult for the country's economy, the enterprises and the entire industries due to the coronavirus pandemic. On the other hand, due to market conditions, there was a sharp increase in container turnover and an increase in the volume of exports of Russian grain. Part of this cargo traffic went through the assets of DeloPorts and we were able to confirm that we were ready for everything in terms of throughput capacities and employees experience. Once again, we were convinced of the expediency and timeliness of the implemented investment projects of DeloPorts. This is especially true of the grain cargo, the transshipment of which at the end of the year for the first time in the history of the KSK terminal crossed the mark of 5 million tons. We were prepared in advance for such a development of events, having put into operation an additional silo park in 2019 and thereby increased the grain storage volume to 220 thousand tons and the annual throughput of the terminal to 6 million tons. The professionalism of our employees and the optimal use of production capacities made it possible in 2020 to successfully handle all the declared grain shipments through the KSK terminal, while setting absolute monthly and annual records. NUTEP also coped with an increase in container turnover by a third, thanks to an increase to 700 thousand. TEUs of the terminal's capacity after the launch of a new deep-water container berth No. 38 in 2019. In 2021, the trend of strengthening the production and human potential of DeloPorts assets will continue, we plan to launch a new grain berth No. 40A and expand the tugboats fleet of “Delo” Service Company with commissioning of the sixth modern tugboat "Delovoy-6".

In 2020, the fleet of Delo Service Company rendered 1,332 mooring services, which is 32% higher than last year's result. Transshipment of general and Ro-Ro cargo in 2020 amounted to 38 thousand tons.

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