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Key tugboat features:

• length – 23 m;

• width – 10 m; 

• engine power – 3000 кВт или 4000 л.с.; 

• type – azimuthal. 

CEO of SC “Delo” Oleg Nechaev said that the expansion of the fleet is planned: “Reception of the two new tugboats is a part of the planned fleet expansion in the framework of “DeloPorts”. A year ago, we received first three Damen tugboats ASD Tug 2310. Today we have five powerful modern tugboats, two with firefighting class”. According to “DeloPorts” CEO Igor Yakovenko, now there are no limitations for mooring of vessels at the Group’s terminals: “Own tugboats improve the level of services for our clients. Now we’re able to simultaneously moor vessels both at NUTEP and KSK with own resources for different type of vessels including container vessels up to 10 thous. TEUs after launch of the berth 38”. 

Delivery of the 6th vessel is scheduled for the start of 2021. Total investments in the tug boat fleet of SC Delo will exceed 31 mln euro of own and borrowed funds. The new tug will be used for towing, mooring, firefighting and a wide range of additional harbour tasks at the grain and container terminals owned by DeloPorts at the port of Novorossiysk on the Black Sea. Because of its compact size and its bollard pull of 50 tonnes the ASD Tug 2310 is the ideal tool to work at the terminals. Currently the Delovoy-04 and Delovoy-05 are on their way from the building yard in China to the Black Sea with delivery scheduled for the end of this month. On arrival the vessels will begin operations immediately. Delo Group is one of the largest private transportation and logistics companies in Russia with port assets in the Azov-Black Sea, Baltic and Far Eastern basins. It is also a major rail and multimodal supplier of containerized cargo delivery services. The relationship between Delo Group and Damen started two years ago in 2016, but in this short period of time the companies have become good partners. On the premises of another Delo Group subsidiary, Aleksino Port Marina Shipyard in Novorossiysk, Damen has established a Service Hub that allows it to deliver quick and professional services for Damen customers in the Black Sea and eastern Mediterranean region.

DeloPorts Deputy CEO on Economics and Finance Elena Surkova received the award on behalf of DeloPorts at the ceremony on the 4th of December 2018. “Annual report is a product of colossal, creative and diligent collective effort of our team and designers. I thank the colleagues for the excellent work, I’m sure that our team is comprised of the best professionals, - DeloPorts CEO Igor Yakovenko commented on the award. Annual reports competition of the Moscow Exchange is held since 1998. The key objective is supporting the high level of the companies’ openness and promoting efficient information disclosure for investors, clients and all interested parties. Detailed results of the completion are available on the web-site.

The agency improved the outlook due to the increase of container and grain turnover at DeloPorts terminals in 2018. DeloPorts CEO Igor Yakovenko commented on the S&P revised “positive” outlook: “It is a sign of the improvement of the Company’s financial position compared to the agency’s analysis 6 months ago. We are gradually working to improve our operating and financial results. Growth in container turnover is in part planned due to launch of the new deep-water berth No. 38 at container terminal in mid 2019. It is a part of DeloPorts integrated investment program, the launch will allow increasing the capacity to 700 thous. TEUs annually. Development program of the grain terminal by 2021 implies the increase of handling capacity by 1.5 mln tones annually. We are creating new infrastructure and new opportunities for DeloPorts clients, although our results depend also on the market and macroeconomic situation”.

Delo Service Company (SC ‘Delo’), specializing in bunkering services and providing agency and tugboat operations on the berths of DeloPorts, and the largest Dutch shipbuilding company Damen Shipyards (Damen) signed an agreement on the purchase and delivery of the new tugboat ASD 2310 to the port of Novorossiysk.

Delivery of the tugboat "Delovoy-5" with the capacity of 3,000 kW is planned for the 4th quarter of 2018.

In December 2017, SC ‘Delo’ started mooring operations for ships calling at DeloPorts terminals using new tugboats. There are three highly maneuverable tugboats in the fleet of SC ‘Delo’ delivered by Damen. The fourth tugboat will be delivered to Novorossiysk in November 2018.

Commenting on the signing of the agreement, CEO of SC ‘Delo’ Oleg Nechaev noted:
"We are glad to cooperate with colleagues from Damen. Tugboats of this project are by far the most modern in the port of Novorossiysk. The purchase of the new tugboat is related to the increase in the capacity of DeloPorts stevedore assets and the commissioning of the deepwater berth No. 38 in the first half of 2019. "

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

Key financials:

• Consolidated revenue RUB 5,416 mln (+34.2%)
• Consolidated EBITDA RUB 4,019 mln (+47.1%)
• EBITDA margin 74.2% as against 67.7% in 1H 2017
• Adjusted net profit RUB 2,916 mln (+49.4%)
• Operating cash flow RUB 2,943 mln (+55.6%)
• CAPEX RUB 1,542 mln (+189.3%)
• Net debt as of 30 June 2018 RUB 16,047 mln (three times growth compared to 31 December 2017 in connection with the placement of a new dollar bond loan)
• Net debt/EBITDA 2.2x as of 30 June 2018 versus 1.0x as of 31 December 2017

Key operating results:
• Total volume of cargo handling 4.6 mln tonnes (+30.3%)
• Grain handling volume 2.3 mln tonnes (+40.4%)
• Container throughput 185,898 TEU (+12.2%)

Key developments:
• New record volumes reported at NUTEP in March 2018 – 40,776 TEU;
• Since March 2018, all vessels entering DeloPorts terminals are serviced by own tugboats;
• The highest financial indicators of quarterly net profit and EBITDA for the entire history of the Company based on the results of the first half of 2018

In January-June 2018 turnover of DeloPorts’ terminals increased by 30% compared to January-June 2017 and reached 4.6 mln tonnes due to growth of volumes in the core segments:

• growth of NUTEP cargo turnover in twenty-foot and tonnage equivalent (+12% and +14% respectively compared to 1H 2017) due to the continuing recovery of the container market in Russia;

• growth of KSK grain handling volumes (+40% compared to the same period of 2017) caused primarily by high harvest volumes.

Cargo type	1Q 18	2Q 18		1H 2018	1H 2017	1H 2018/1H 2017*
Containers	1,109	1,120		1,995	1,739	14%
Grain	1,260	1,090		2,350	1,674	40%
General cargo	0	1		1	88	(99%)
Ro-Ro	4	3		7	19	(65%)
Total cargo throughput	2,373	2,214		4,587	3,519	30%
including:
Containers (‘000 TEU)	107	79		186	166	12%
Ro-Ro (‘000 units)	1	0		2	5	(67%)
Service type
Bunkering fuel sales (‘000 t)	13	14		27	32	(14%)
Mooring operations (units)	226	231		457	n/a	n/a
Agency services (units)	54	59		113	21	n/a

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

In 1Q18 turnover of DeloPorts’ terminals increased by 38% compared to 1Q17 and reached 2.4 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 49% and 53% respectively compared to 1Q17 due to Russian container market recovery. In March 2018, NUTEP handled a record monthly volume of 40,776 TEU (+31% compared to the same period in 2017) which is the record level of the monthly container throughput for the Novorossiysk Bay. 

• Growth of KSK grain handling volumes by 32% compared to 1Q17 due to the record harvest of the agricultural season 2016-2017 

• Decrease in the volumes of general and Ro-Ro cargoes as a result of cargo prioritization 

• Decrease of bunkering fuel sales by 7% compared to 1Q17 

• 226 mooring operations completed in January-March 2018, agency services provided for 54 vessels 

Cargo throughput (‘000 t)

Cargo type	1Q18	1Q17	1Q18/1Q17*
Containers	1,109	726	53%
Grain	1,260	951	32%
General cargo	0	36	(100%)
Ro-Ro	4	8	(57%)
Total cargo throughput	2,373	1,722	38%
including:
Containers (‘000 TEU)	107	72	49%
Ro-Ro (‘000 units)	1	1	(14%)
Service type
Bunkering fuel sales (‘000 t)	13	14	(7%)
Mooring operations (units)	226	n/a	n/a
Agency services (units)	54	n/a	n/a

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

Mr. Trukhanovich, previously CEO of LLC ‘Gazpromneft Marine Bunker’ in Novorossiysk, has been working in the transport industry since 2006 and has extensive experience in managing stevedoring assets. From 2006 to 2015, Alexander Truhanovich held executive positions in Novorosnefteservis LLC and Novorossiysk Oil Transshipment Complex LLC (until 2013 they were part of the oil segment of Delo Group). 

Alexander Trukhanovich graduated from the Moscow Military Institute of the Federal Border Service of the Russian Federation with a degree in jurisprudence and the Naval Academy named after Admiral F. Ushakov, specializing in the organization of transportation and management in transport (maritime). 

Alexander has the knowledge and skills necessary for the head of the stevedore asset and is well informed about the specifics of the Novorossiysk transportation hub. I wish Alexander success in his CEO position at one of the leading terminals of the Group. I am confident that his experience will contribute to the further increase of KSK effectiveness”, - commented on the appointment Igor Yakovenko, Chief Executive Officer of DeloPorts.

Cargo throughput (‘000 tonnes)

Cargo type	1Q 17	2Q 17	3Q 17	4Q 17		2017	2016	2017/2016
Containers	726	1,013	580	1,008		3,326	2,438	36%
Grain	951	723	1,055	1,487		4,216	3,322	27%
General cargo	36	52	24	21		132	189	(30%)
Ro-Ro	8	10	10	8		37	79	(53%)
Total cargo throughput	1,722	1,798	1,669	2,523		7,712	6,028	28%
including:
Containers (‘000 TEU)	72	94	51	87		304	233	30%
Ro-Ro (‘000 units)	1	3	3	3		11	12	(5%)
Service type
Bunkering fuel sales (‘000 tonnes)	14	17	13	18		62	31	101%
Agency services (units)	n/a	21	83	90		194	n/a	n/a
Mooring services (units)	n/a	n/a	n/a	3		3	n/a	n/a