21st Feb 2014 11:00
For immediate release 21 February 2014
Global Ports Investments PLC
Notification of Full Year 2013 Results
Analyst and Investor Conference Call
Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group"; LSE ticker: GLPR), the leading container terminal operator serving Russian cargo flows will announce its financial and operational results for the Full Year 2013 at 7am UK time on Monday, 17 March 2014.
Global Ports will also publish the consolidated financial information for NCC Group Limited ("NCC Group") and its subsidiaries for the year ended 31 December 2013. This follows the Group's announcement on 27 December 2013 that it had completed the acquisition of 100% of the share capital of NCC Group.
Conference call
The publication of these results will be accompanied by an analyst and investor conference call hosted by:
· Alexander Nazarchuk, Chief Executive Officer;
· Mikhail Loganov, Chief Financial Officer;
· Roy Cummins, Chief Commercial Officer.
Date: Monday, 17 March 2014
Time: 14.00 UK / 10.00 US (East coast) / 18.00 Moscow
To participate in the conference call, please dial one of the following numbers and ask to be put through to the "Global Ports" call:
Standard International Access: +44 (0) 20 3003 2666
UK Toll Free: 0808 109 0700
USA Toll Free: 1 866 966 5335
Russia Toll Free: 8 10 8002 4902044
Webcast
A webcast will also be available through the Global Ports website (www.globalports.com). Please note that this will be a listen-only facility.
Materials
It is planned that the press release, consolidated financial information and slide presentation will be released at or around 7am UK time on Monday, 17 March 2014 and will also be available on the Global Ports website (www.globalports.com).
ENQUIRIES
Global Ports Investor Relations
Mikhail Grigoriev
+357 25 503 163
Email: [email protected]
Global Ports Media Relations
Anna Vostrukhova
+357 25 503 163
E-mail: [email protected]
StockWell Communications
Laura Gilbert/ Zoe Watt
+44 20 7240 2486
E-mail: [email protected].
NOTES TO EDITORS
Global Ports Investments PLC is the leading operator of container terminals in the Russian market.
Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal and Moby Dik in the St. Petersburg and Ust-Luga port cluster, and Vostochnaya Stevedoring Company in the Vostochny Port) and two container terminals in Finland (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports Group also owns 75% of Yanino Logistics Park and 100% of inland Logistika-Terminal, both located in the vicinity of St. Petersburg, and 50% of the major oil product terminal, AS Vopak E.O.S., in Estonia. Global Ports acquired the NCC Group at the end of 2013.
Excluding NCC Group, Global Ports' consolidated revenue[1] for the first six months of 2013 was USD 249.1 million. Adjusted EBITDA[2] for the first six months of 2013 was USD 137.7 million. The Russian Ports segment had a total container throughput of approximately 707 thousand TEUs in the first six months of 2013 (excluding Yanino).
In the first six months of 2013, NCC Group's consolidated revenue and Adjusted EBITDA[3] were USD 131.8 million and USD 84.7 million, respectively. In the first six months of 2013, NCC Group's marine terminals handled approximately 561 thousand TEUs.
Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V., whose core expertise is the design, construction, management and operation of ports, terminals and inland services with a global terminal network of 74 operating port facilities and 160 Inland Services operations, giving APM Terminals a global presence in 68 countries (30.75%). 20.5% of Global Ports shares are held in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR). Ilibrinio Establishment Limited and Polozio Enterprises Limited (former owners of NCC Group) each own 9% of the share capital of Global Ports.
For more information please see: www.globalports.com
LEGAL DISCLAIMER
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of the Global Ports Group. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. The Global Ports Group wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Global Ports Group does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Global Ports Group, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries the Global Ports Group operates in, as well as many other risks specifically related to the Global Ports Group and its operations, including the completion of the acquisition of the NCC Group and its ability to realise the benefits of that acquisition.
[1]According to the interim condensed consolidated financial information of Global Ports as at and for the six months ended 30 June 2013.
[2] Adjusted EBITDA in respect of Global Ports is defined as profit for the period before income tax expense, finance costs, finance income, depreciation of property, plant and equipment, amortisation of intangible assets, other gains/(losses)-net, impairment charge of property, plant and equipment and impairment charge of goodwill.
[3] Adjusted EBITDA in respect of the NCC Group is defined as profit for the period before income tax expense, foreign exchange gains/(loss), net, finance costs, finance income and depreciation and amortisation expenses adjusted further certain non-cash or one-off gains and losses included within other income/(expenses), net in Note 8 to each of the audited consolidated financial statements of the NCC Group as at and for the years ended 31 December 2010, 2011 and 2012 and the unaudited interim condensed consolidated financial information of the NCC Group as at and for the six month period ended 30 June 2013.
Related Shares:
GLPR.L