Grupo Tmm Sab Class A · BMV:TMM/A
Grupo Tmm Sab Class A — FY2011 Earnings Presentation
18 slides from Grupo Tmm Sab Class A's earnings presentation, Feb 29, 2012
Slide 1: Fourth-Quarter and Full-Year 2011 Financial Results
Fourth-Quarter and Full-Year 2011 Financial Results February 28, 2012 Grupo TMM
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements
Slide 3: On Today's Call
3 On Today’s Call • José Serrano, Chairman and CEO • Jacinto Marina, Deputy CEO • Carlos Aguilar, CFO • Luis Ocejo, Maritime • Roberto Martínez, Ports and Terminals
Slide 4: Maritime Utilization
4 Maritime Utilization Above Industry Average *Millions of U.S.$ Product Tankers Y2011 Offshore Vessels
Slide 5: Net Debt Reduced $26.9m in 2011
As of 12/31/10 As of 12/31/11 Mexican Trust Certificates** $786.4 $684.3 Securitization Facility 11.8 0.0 Other Corporate debt 73.9 68.2 Total Debt $872.1 $752.5 Cash 142.3 77.1 Net Debt $729.8 $675.4 5 Net Debt Reduced $26.9m in 2011 • Peso-denominated debt reduced $93.9m from depreciation of peso
Slide 6: Consolidated Revenue
6 Consolidated Revenue *Millions of U.S.$ -12.6% -11.9%
Slide 7: Consolidated Operating Profit
7 Consolidated Operating Profit *Millions of U.S.$ Non-Recurring Benefit One-Time Charge Operating Results Q4 2010 Q4 2011 FY2010 FY2011 Operating Results With One-Time Charges and Benefits -39.4% -41.5%
Slide 8: Consolidated EBITDA and Net Income
8 Consolidated EBITDA and Net Income *Millions of U.S.$ -21.7% -61.5% Consolidated EBITDA Net Income +118.9%
Slide 9: Maritime Financial Results
9 Maritime Financial Results *Millions of U.S.$ Revenue Operating Profit -31.2% -30.4% -14.4% -6.8%
Slide 10: Maritime Financial Results
10 Maritime Financial Results *Millions of U.S.$ EBITDA EBITDA Margin -18.7% -2.5 pp
Slide 11: Maritime Financial Results
11 Maritime Financial Results *Millions of U.S.$ • Offshore Vessels • Harbor towage Ø Increased ship calls Ø Higher average revenue /call Y2011 Revenue
Slide 12: TMM's Maritime Fleet
Fleet: 28 Fleet: 6 Fleet: 5 Fleet: 2 12 TMM’s Maritime Fleet Offshore Vessels - Sound of Campeche Product Tankers - Pacific Coast & Gulf of Mexico Harbor Towage - Manzanillo Chemical Tankers - Gulf of Mexico inter- coastal services
Slide 13: Ports and Terminals Financial Results
13 Ports and Terminals Financial Results *Millions of U.S.$ Revenue Operating Profit -18.1% +9.3% -43.7% -11.5% • Q/Q cruise ship calls at Acapulco decreased from 46 calls to 6 calls, mainly due to cruise ship lines changing routes
Slide 14: Ports and Terminals Financial Results
14 Ports and Terminals Financial Results Autos Handled at Puebla, Saltillo and Acapulco +26.0%
Slide 15: Logistics Financial Results
15 Logistics Financial Results • Excluding $6.7m from sale of assets in April 2010: Ø Revenue decrease of 3.6% or $2.9m • Auto hauling Ø R evenue improved 21.3% and gross profit improved from a $0.4m loss to a $0.6m profit
Slide 16: Year 2012 and Beyond
16 Year 2012 and Beyond • Acquisition of shipyard at Port of Tampico Ø Working at full capacity Ø Approximately 32% EBITDA margin in first year of operations Ø Expect to have the necessary capabilities to build vessels at facility in short term
Slide 17: Year 2012 and Beyond
17 Year 2012 and Beyond • Container and Liquids Terminal at Port of Tuxpan Ø Concession to operate and environmental permits in place • Add specialized offshore vessels to TMM’s fleet Ø Meet increasing demand for deep water exploration in Mexico
Slide 18: Fourth-Quarter and Full-Year 2011 Financial Results
Fourth-Quarter and Full-Year 2011 Financial Results February 28, 2012 Grupo TMM