Summa Group News 2015 - Sept PT 1

News from the Summa Group's Primorneftegazprom and NCSP gets renamed.

Transcript

1. Summa Group News All the latest news from the Summa Group Summa Group 2015 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY Sept 2015 – Part 1
2. RDIF COLLABORATES WITH NORTHERN COAL TERMINAL The Primorneftegazprom, managed by the Summa Group, is leading a project between the Vostochny Port and Russian Direct Investment Fund (RDIF). The North coal terminal construction project will see the RDIF help lead international investors to the port in the Primorsky region. Chairman of the Summa Group’s board of directors, Ziyavudin Magomedov, comments on the new relationship, “As President Vladimir Putin has frequently emphasized, we must strengthen the position of Russian coal in international markets, including the promising Asia-Pacific region. Without the development of efficient transport infrastructure, this would not be possible. The planned “equal access” terminal will be specifically aimed at servicing small and medium-sized coal mining companies that lack their own transshipment facilities.” Summa Group 2015 – Sept – PT 1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
3. RDIF COLLABORATES WITH NORTHERN COAL TERMINAL CEO of the Russian Direct Investment Fund says, “Vostochny port is essential in connecting one of Russia’s most important railroads with sea routes to leading Asia- Pacific countries. It has the potential to become a major transport link within Russia’s Far East region. The new terminal will improve Russian companies’ export potential, making it easier for them to access international markets. It will also boost the development of the Primorsky region.” The coal terminal will be used to ship Russian coal to countries in the Asia-Pacific region. With an initial capacity of 7 million tons per year, the terminal is scheduled to open in 2018 and plans to increase its capacity to 20 million tons per year. Summa Group 2015 – Sept – PT 1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
4. PJSC NCSP IS RENAMED IN RUSSIAN The NCSP, part of the Summa Group, has amended their name, officially, in compliance with Federal law. The Civil Code of the Russian Federation required the official name to be recoded in Russian; it will remain the same in English. The official name has changed from Open Joint Stock Company Novorossiysk Commercial Sea Port to the Public Joint Stock Company Novorossiysk Commercial Sea Port, which was effective from the 15th of July 2015. While the NCSP Group remains the third largest port operator in Europe and the largest port operator in Russia, they continue to trade on Russia’s Moscow exchange and on the London stock exchange. Summa Group 2015 – Sept – PT 1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
5. FESCO RELEASES 6 MONTHS’ RESULTS FROM 2015 Highlights of FESCO’s Transportation group saw the company improve its financial results in the following manner: • Export-Import sea container services through Russian Far East 45.9% • Import container handling in Far East basin with market share of 34.7% • Group EBITDA increased year on year by 2.3% • CAPEX decreased by $9.1million in 2015 by 36.3% • Rail cargo load increased to 10 million tons year on year by 1% • Rail container decreases improved year on year by 2.3% Pressure put on FESCO by the macroeconomic environment lead the company to address market headwinds, and to successfully implement its cost-cutting initiatives with targeted effect of $40 million in 2015 alone. Summa Group 2015 – Sept – PT 1 FESCO – NCSP - STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY
6. ABOUT THE SUMMA GROUP Summa Group specialises and invests in port logistics, engineering, construction, oil and gas sectors as well as telecommunications. Summa Group is a diversified private holding that comprises of more then 10 000 people in 40 regions of Russia and abroad. Mr Ziyavudin Magomedov is the founder and shareholder of the Summa Group, which celebrated its 10 year anniversary in 2014. Summa Group 2015 – Sept – PT 1 FESCO - NCSP- STROYNOVATSIYA – INTEX – YATEC – UNITED GRAIN COMPANY