Press Center

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.
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”.
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 
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.

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.
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.
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.

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.
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%.
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.






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
04.02.2016

STANDARD & POOR’S AFFIRMS DELOPORTS AT B+

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

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


19.01.2016

DELOPORTS 2015 OPERATING RESULTS

DeloPorts reports its operating results for the full year of 2015.

In 2015 DeloPorts terminals handled 5.5 million tonnes of cargo, which is a 15% decrease compared to 2014 caused by a decrease of import cargo flow. 

190116_DP FY15 operating results.jpg

NUTEP container terminal handled 1,994 thousand tonnes of containerized cargo showing a decrease    (-18% vs. 2014) on the back of a general decline of imports. In twenty-foot equivalent units (TEU) throughput amounted to 203 thousand TEU, or a 23% decline compared to 2014. 

KSK throughput remained flat for 2015 and amounted to 2,811 thousand tonnes (-1% vs. 2014).

General cargo handling decreased by 4% compared to 2014 and amounted to 260 thousand tonnes.

Ro-Ro volumes at DeloPorts terminals decreased in terms of tonnage (-55%) and units (-59%) versus last year amounting to 407 thousand tonnes and 24 thousand cars respectively due to lower imports in 2015.

Bunkering fuel sales decreased by 33% compared to 2014 and reached 98 thousand tonnes.