Grupo Tmm Sab Class A · BMV:TMM/A
Grupo Tmm Sab Class A — Q2 2010 Earnings Presentation
24 slides from Grupo Tmm Sab Class A's earnings presentation, Jul 29, 2010
Slide 1: Balance Sheet
Grupo TMM Reports Second-Quarter 2010 Financial Results Grupo TMM, S.A.B. and subsidiaries Balance Sheet* ‐ millions of dollars – June 30, December 31, 2010 2009 Current assets: Cash and cash equivalents 85.047 84.244 Accounts receivable Accounts receivable ‐ Net 54.552 47.553 Other accounts receiva
Slide 2: Statement of Income
Grupo TMM Reports Second-Quarter 2010 Financial Results Grupo TMM, S.A.B. and subsidiaries Statement of Income* ‐ millions of dollars ‐ Three months ended Six months ended June 30, June 30, 2010 2009 2010 2009 Ports and Terminals 5.722 3.955 11.885 8.341 Maritime 51.676 47.687 102.388 102.137 Logist
Slide 3: Statement of Cash Flows
Grupo TMM Reports Second-Quarter 2010 Financial Results Grupo TMM, S.A.B. and subsidiaries Statement of Cash Flows* ‐ millions of dollars – Three months ended Six months ended June 30, June 30, 2010 2009 2010 2009 Cash flow from operation activities: Net income (loss) for the period 14.866 (66.426)
Slide 4: Financial Results Q2 2010
July 29, 2010 Q2 2010 0 Financial Results
Slide 5: Forward-Looking Statements
Q2 2010 Forward-Looking Statements 0 Financial Results 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 1934, as amended. amended Such forward-looki
Slide 6: On Today's Call
Q2 2010 On Today’s Call 0 Financial Results Jose Serrano, Chairman and CEO Jacinto Marina, Deputy CEO Carlos C l A Aguilar, il CFO Luis Ocejo, Maritime Roberto Martinez, Ports and Terminals 3
Slide 7: Consolidated Financial Results: Revenue and Operating Profit
Q2 2010 Consolidated Financial Results Revenue and Operating Profit 0 Financial Results Revenue Operating Profit 4
Slide 8: Consolidated Financial Results: Operating Margin
Q2 2010 Consolidated Financial Results Operating Margin 0 Financial Results 5
Slide 9: Consolidated Financial Results: EBITDA
Q2 2010 Consolidated Financial Results EBITDA 0 Financial Results 6
Slide 10: Total Debt
Q2 2010 Total Debt 0 Financial Results Exchange Rate: • 13.04 pesos/dollar at 12/31/09 As of As of As of • 12.41 pesos/dollar at 3/31/10 • 12.84 pesos/dollar at 6/30/10 12/31/09 3/31/10 6/30/10 All numbers US$ millions Mexican Trust Certificates** $679.3 $725.9 $691.4 ** Non-recourse to the Company
Slide 11: New Issuance of MTC
Q2 2010 New Issuance of MTC 0 Financial Results Reopened Mexican Trust Certificates Program to consolidate all tranches into one 20-year term and non-recourse to the Company Improved credit rating: AA (domestic) Prepay certain dollar denominated debt Allow us to fund new projects 8
Slide 12: TMM's Debt Profile After New Issuance of MTC
Q2 2010 TMM’s Debt Profile After New Issuance of MTC 0 Financial Results $45,000 , Before restructuring of securitization facility $40,000 After restructuring of securitization facility $35,000 After new issuance of MTC $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 2H 2010 2011 2012 2013 2014 20
Slide 13: TMM's Maritime Fleet
Q2 2010 TMM’s Maritime Fleet 0 Financial Results Offshore Vessels Product Tankers Harbor Towage Chemical Tankers Pacific Coast & Gulf Gulf G lf off Mexico M i inter- i t Sound of Campeche Manzanillo of Mexico coastal services Fleet: 32 Fleet: 7 Fleet: 5 Fleet: 2 10
Slide 14: Maritime's Financial Results: Revenue and Operating Profit
Q2 2010 Maritime’s Financial Results Revenue and Operating Profit 0 Financial Results Revenue Operating Profit 11
Slide 15: Maritime's Financial Results: EBITDA and Margins
Q2 2010 Maritime’s Financial Results EBITDA and EBITDA Margins 0 Financial Results EBITDA EBITDA Margin 12
Slide 16: Maritime's Financial Results
Q2 2010 Maritime’s Financial Results 0 Financial Results Offshore Increased revenue and profit in 2010 periods p Higher tariffs and more vessels in operation Product tankers Lower revenue due to 1 less vessel in 2Q 10 2Q 10 gross profit of $3.3 million compared to loss last year Chemical tankers 2 l
Slide 17: Offshore and Product Tanker Data Snapshot
Q2 2010 Offshore and Product Tanker Data Snapshot 0 Financial Results Offshore Fleet 2Q 09 2Q 10 Revenue Available Days 2,323 2,487 Average Vessels 27 32 Utilization 93.1% 85.4% Product Tanker Fleet 2Q 09 2Q 10 Revenue Available Days 559 541 A g V Average l Vessels 7 6 Utilization 84.6% 99.9% *2Q10
Slide 18: Ports and Terminal's Financial Results
Q2 2010 Ports and Terminal’s Financial Results Revenue and Operating Profit 0 Financial Results Revenue Operating Profit 15
Slide 19: Ports and Terminal's Financial Results: Acapulco
Q2 2010 Ports and Terminal’s Financial Results Acapulco 0 Financial Results 16
Slide 20: Ports and Terminal's Financial Results: Maintenance and Repair
Q2 2010 Ports and Terminal’s Financial Results Maintenance and Repair 0 Financial Results Revenue Gross Profit 17
Slide 21: Logistics' Financial Results
Q2 2010 Logistics’ Financial Results 0 Financial Results Revenues down 21.3% in 2Q and down 3.8% in first half 2010 Reduced revenue of $3.8 million from sale of assets in i AApril il 2010 Revenue increases at Warehousing and Auto hauling Reduced operating losses in 2010 periods 18
Slide 22: TMM's 5-year Growth Strategy
Q2 2010 TMM’s 5-year Growth Strategy 0 Financial Results Within the next 5 years, take advantage of strategic opportunities to add approximately 25 vessels Build TMM's asset base and enhance growth profile 19
Slide 23: TMM's 5-year Growth Strategy
Q2 2010 TMM’s 5-year Growth Strategy 0 Financial Results Increase penetration in Mexican ports: • Tampico- T i stevedoring t d i g services i ffor g generall cargo g starting t ti g iin 2H 2010 • Going forward- operating multipurpose terminal at Tampico • Tuxpan - uniquely positioned property for co
Slide 24: Financial Results Q2 2010
July 29, 2010 Q2 2010 0 Financial Results