Grupo Tmm Sab Class A · BMV:TMM/A
Grupo Tmm Sab Class A — FY2008 Earnings Presentation
16 slides from Grupo Tmm Sab Class A's earnings presentation, Mar 2, 2009
Slide 1: Fourth-Quarter & Full-Year 2008 Financial and Operational Review
Fourth-Quarter & Full-Year 2008 Financial and Operational Review February 26, 2009
Slide 2: Forward-Looking Statements
Grupo fae) 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
Slide 3: On Today's Call...
Grupo JA On Today’s Call... @ Jose Serrano, Chairman and CEO @ Fernando Sanchez, President @ Jacinto Marina, Chief Financial Officer @ Luis Ocejo, Maritime and Ports
Slide 4: 2008 Results: Improved Revenues
Grupo ae) 2008 Results Improved Revenues $400 $350 $300 $250 $200 $150 $100 - $50 $0 *Dollars in millions | $363.0 | $303.3 ga4.4 $89.2 $35.9 $92.6 95.4 x T T = = T T T T T T Q4 Q4 Q1 Q2 Q3 2007 2008 2007 2008 2008 2008 2008
Slide 5: 2008 Results: Improved Operating Profit
p 2008 Results a 0 fT Improved Operating Profit $30 > $25 + $20 - $15 - $14.4 $10 $5 i $0 > ) ' -$1.3 -$5 - Q4 2007 Q4 2008 2007 2008 *Dollars in millions
Slide 6: 2008 Results: Grupo Net Income
2008 Results Grupo Net Income eo | at $80.6 $60 - $40 - $20 - | $20 > .$15.8 $40 - -$60 - -$80 - -$67.1 Q4 2007 Q4 2008 2007 2008 *Dollars in millions
Slide 7: 2008 Accomplishments: Grupo Balance Sheet
2008 Accomplishments Grupo Balance Sheet December 31, | Dec 2008 Cash reserves to purchase vessels Total stockholder’s equity *Dollars in millions except book value/share ember 31, 2007
Slide 8: Delivery of Additional Vessels
Grupo A Delivery of Additional Vessels @ In Q4 2008 . " 3 additional offshore vessels began 2- and 3-year contracts with Pemex @ During Q1 2009 * 1 additional offshore began operations in January and is currently in a bidding process @ Q2 and Q3 2009 = 2 additional offshore vessels currently under c
Slide 9: Pesos/US Dollar Exchange Rate
ila 0 fT Preferred Pesos/US Dollar Exchange Rate 15.5 —@-Last business day = """""" Average annual exchange rate 15.0 | 14.5 14.0 13.5 13.0 12.5 12.0 14.5 11.0 10.5 10.0 9.5 DEC JAN FEB MAR APR MAY JUN JUL AUG SEP ocT NOV DEC JAN FEB 23 2007 2008 2009 Source. Banco de México
Slide 10: Financial Strategy
Grupo rrana| Financial Strategy Long-Term Peso Financing @ 20-year Mexican Trust Certificates Program = Non recourse to TMM = First 3 years of each tranche - Interest rate cap at 11.5% » Reduced value of debt due to devaluation of peso vs. dollar in 2H of 2008 v July1 = $868M ¥ Sept. 30 = $798M* Y D
Slide 11: TMM Going Forward: Maritime
TMM Going Forward Grupo fu; — P Maritime @ Continued growth of revenue and profit = Larger owned fleet * Medium- and long-term contracts in dollars to produce revenues and cash flows to service peso denominated debt = Diversify operations to international markets @ Recently enacted Mexican energy re
Slide 12: TMM Going Forward: Ports
TMM Going Forward Grupo a Ports @ TMM to strengthen and grow Port business according to Mexican Government's development plan @ Company-wide strategic objectives = Maintain focus on execution = Continue to implement cost-control measures = Pursue sale of non-strategic and non-productive assets = Str
Slide 13: Fourth-Quarter & Full-Year 2008 Financial and Operational Review
Fourth-Quarter & Full-Year 2008 Financial and Operational Review February 26, 2009
Slide 14: TMM, S.A.B. and subsidiaries: Statement of Income
Grupo TMM, S. A. B. and subsidiaries * Statement of Income (under discontinuing operations) - millions of dollars - =: Gi Three months ended Year ended rupO December 31, December 31, 2008 2007 2008 2007 see Ports 2.454 2.643 8.032 8.495 Maritime 55.131 47.194 206.818 178.983 Logistics 28.338 33.956
Slide 15: TMM, S.A.B. and subsidiaries: Balance Sheet
Grupo TMM, S. A. B. and subsidiaries * Balance Sheet (under discontinuing operations) - millions of dollars - December 31, December 31, Grupo july 2008 2007 Current assets: Cash and cash equivalents 168.445 52.235 Accounts receivable Accounts receivable - Net 56.480 44.812 Other accounts receivable
Slide 16: TMM, S.A.B. and subsidiaries: Statement of Cash Flow
Grupo TMM, S. A. B. and subsidiaries * Statement of Cash Flow (under discontinuing operations) - millions of dollars - Three months ended Year ended Grupo December 31, December 31, 2008 2007 2008 2007 oe Cash flow from operation activities: Net_Income (loss) before discontinuing operations 91.700 (1