News

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.”

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