Presentation Transcript

1. InvestorPresentation December 2010
2. Grupo TMM is… …one of the largest integrated logistics and transportation companies in Mexico, providing Maritime services Land transportation services Integrated logistics services Ports and terminals management …to international and domestic clients throughout Mexico
3. Investment Highlights Excellent brand name and reputation across all divisions Increased demand for exploration and distribution services within Mexico requires new generation of higher-rated and deeper-water capabilities Mexican Navigation Law favors Mexican-flagged vessels Improved debt profile through debt restructure Strong, long-standing customer relationships and reputation for providing quality operations Operating stability supported by fixed cash flows from medium and long-term period charters with quality counterparties
4. TMM’s Maritime Fleet Product Tankers Pacific Coast & Gulf of Mexico Chemical Tankers Gulf of Mexico inter-coastal services Offshore Vessels Sound of Campeche Harbor Towage Manzanillo Fleet: 32 31 owned 1 time-charter Fleet: 6 5 owned 1 time-charter Fleet: 5 All owned Fleet: 3 2 owned 1 time-charter
5. TMM’s Maritime Fleet Offshore Vessels Transport dry and liquid cargo from port terminals to offshore facilities Anchor handling tug vessels Fire fighting vessels, four-point mooring vessels, one process vessel Crew to transport personnel and light cargo Product Tankers Transport of petroleum products mainly for Pemex Refinación under cabotage trades since 1992
6. Houston Houston Altamira Altamira Veracruz Veracruz Coatzacoalcos Coatzacoalcos TMM’s Maritime Fleet Harbor Towage Sole provider of harbor towing services at Port of Manzanillo since January 1997 Services approximately 1,700 vessels per year Main clients: Maersk, CSAV, NYK, MSC, Hapag-Lloyd, Pemex In 2006 concession renewed for 8 years until January 2015 Chemical Tankers Transport of chemicals, vegetable oils and molasses in Gulf of Mexico More than 90% of cargo transported under COA Main customers: Celanese Mexicana, Dow Chemical, Petrocel Dedicated facilities: Houston, Coatzacolacos, Mexico City
7. Ports and Terminals Port of Acapulco 25-year concession since 1996 Operation and management of cruise ship terminal Automobile terminal and warehouse for exports and imports Shipping Agencies Port agent and cargo supervision Brokerage Chartering and Bunkering Tuxpan Operation of multipurpose terminal
8. Ports and Terminals Tampico Stevedoring services for general cargo Tuxpan Operation of multipurpose terminal Maintenance and Repair of containers Terminals in Veracruz, Manzanillo, Mazatlán, Altamira, Ensenada, Aguascalientes and Mexico City
9. TMM Logistics Integration of full intermodal transportation infrastructure Dedicated logistics trucking services to major manufacturers and retailers throughout Mexico Expanded integrated supply chain products for retail and manufacturing 3PL and 4PL logistics Warehouse and auto hauling services
10. Q3 2010 Financial Results Third Quarter 2010 Financial Results
11. October 29, 2010
12. Forward-Looking Statements Included in this presentation are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; the ability of the Company to reduce corporate overhead costs and the ability of management to manage growth and successfully compete in new businesses. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission. 2
13. On Today’s Call José Serrano, Chairman and CEO Jacinto Marina, Deputy CEO Carlos Aguilar, CFO Luis Ocejo, Maritime Roberto Martínez, Ports and Terminals 3
14. Consolidated Financial Results* Revenue and Operating Profit Revenue Operating Profit +0.3% +1.0% +121.0% +81.1% *Millions of U.S.$ 4
15. Consolidated Financial Results Operating Margin Third Quarter First Nine Months +6.1 percentage points +5.1 percentage points 5
16. Consolidated Financial Results* EBITDA Third Quarter First Nine Months Gain on sale of assets +38.7% +39.5% *Millions of U.S.$ 6
17. Offshore and Product Tanker Data Snapshot Offshore Fleet Product Tanker Fleet *Q3 2010 offhire days: Offshore fleet 609 days and product tanker fleet 3 days 7
18. TMM’s Maritime Fleet Harbor Towage Manzanillo Offshore Vessels Sound of Campeche Product Tankers Pacific Coast & Gulf of Mexico Chemical Tankers Gulf of Mexico inter-coastal services Fleet: 32 Fleet: 6 Fleet: 5 Fleet: 3 Contract backlog of approximately $308.9 million 8
19. Maritime’s Financial Results* Revenue and Operating Profit Revenue Operating Profit +3.9% +1.4% +6.4% +12.3% *Millions of U.S.$ 9
20. Maritime’s Financial Results EBITDA and EBITDA Margins EBITDA* EBITDA Margin +11.2% +15.7% +3.4 percentage pts +6.1 percentage pts Q3 2010 run rate of $103.2 million *Millions of U.S.$ 10
21. Offshore Increased revenue due to price adjustments Unchanged gross profit due to three unemployed vessels Product tankers Revenue and profit increase All vessels working with contracts Chemical tankers Gross profit increase More efficient routes Harbor towage Increased vessel calls at Manzanillo Maritime’s Financial Results 11
22. Ports and Terminals’ Financial Results* Revenue and Operating Profit Revenue OperatingProfit +41.0% +42.6% +5x +7.3x *Millions of U.S.$ 12
23. Ports and Terminals’ Financial Results Acapulco Cruise Ship Calls Automobiles Handled +85.2% +350.6% 13
24. Ports and Terminals’ Financial Results* Maintenance and Repair Revenue Gross Profit +39.5% +63.6% *Millions of U.S.$ 14
25. Logistics’ Financial Results Revenue down 15.8% in Q3 and down 7.8% in 9M 2010 year over year Revenue reduced from sale of assets in April 2010 Revenue up at Warehousing and Auto hauling Reduced operating losses in 2010 periods 15
26. Peso-denominated debt impacted by $14.8 million from appreciation of Peso vs. Dollar Cash position increased $22.3 million, net Of total debt, only 2.5%, or $21.4 million, is short-term Total Net Debt* Exchange Rate: 12.84 pesos/dollar at 6/30/10 12.60 pesos/dollar at 9/30/10 *All numbers millions US$ * 20 year term and non-recourse to Company 16
27. Third Quarter Accomplishments Active asset management Improved debt profile Tight cost control efforts Restricted share plan for executive officers and management 17
28. TMM’s 5-year Growth Strategy Increase penetration in Mexican ports Tuxpan - uniquely positioned property for container and liquid terminal for oil products Add new vessels to TMM’s fleet 18