Grupo Tmm Sab Class A · BMV:TMM/A
Grupo Tmm Sab Class A — FY2010 Earnings Presentation
19 slides from Grupo Tmm Sab Class A's earnings presentation, Mar 4, 2011
Slide 1: Q4 and Full-Year 2010 Financial Results
Grupo Q4 and Full-Year 2010 Financial Results
Slide 2: Forward-Looking Statements
2 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 base
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: Year 2010 Accomplishments
4 Year 2010 Accomplishments Improved debt profile through debt restructure Reopened Mexican Trust Certificates Program consolidating all tranches into one for $10.5 billion pesos (approximately $817 million dollars) Improved Program’s credit rating to AA in the domestic scale Free cash flow positive
Slide 5: Consolidated Financial Results: Revenue and Operating Profit
5 Consolidated Financial Results* Revenue and Operating Profit *Millions of U.S.$ -64.0% +26.0% -1.0% -6.7%
Slide 6: Consolidated Financial Results: EBITDA
6 Consolidated Financial Results* EBITDA +24.3% -6.0% Fourth Quarter Full Year Gain on sale of assets *Millions of U.S.$
Slide 7: Consolidated Financial Results: EBITDA growth
7 Consolidated Financial Results* Last 5 years EBITDA= Compounded Yearly Growth Rate of 29.6% *Millions of U.S.$ +182.0%
Slide 8: TMM's Maritime Fleet
Product Tankers Pacific Coast & Gulf of Mexico Harbor Towage Manzanillo Chemical Tankers Gulf of Mexico inter- coastal services Offshore Vessels Sound of Campeche 8 TMM’s Maritime Fleet Fleet: 30 Fleet: 5 Fleet: 5 Fleet: 3 Continue to pursue medium and long-term contracts Ability to generate sizable
Slide 9: Offshore and Product Tanker Data Snapshot
Year 2009 Year 2010 Revenue Available Days 9,628 9,722 Average Vessels 29 32 Utilization 90.8% 83.9% Year 2009 Year 2010 Revenue Available Days 2,376 2,110 Average Vessels 7 6 Utilization 93.8% 97.8% 9 Offshore and Product Tanker Data Snapshot Offshore Fleet Product Tanker Fleet *Year 2010 offhire d
Slide 10: Maritime's Financial Results: Revenue and Operating Profit
10 Maritime’s Financial Results* Revenue and Operating Profit -4.8% +7.6% +0.5% -2.5% *Millions of U.S.$
Slide 11: Maritime's Financial Results: EBITDA and Margins
11 Maritime’s Financial Results EBITDA and EBITDA Margins +1.5 percentage pts +5.0 percentage pts +11.7% +0.4% *Millions of U.S.$
Slide 12: Maritime's Financial Results
12 Maritime’s Financial Results Offshore Increased revenue due to one additional process vessel in Q1 and price adjustments in Q3 Gross profit down due to three unemployed vessels which have gone end of life and to lower average daily rates in Q4 Product tankers Revenue decreased by two contract ext
Slide 13: Ports and Terminals' Financial Results
13 Ports and Terminals’ Financial Results* Revenue and Operating Profit +6.7% +177.3 +33.0% +14.3% *Millions of U.S.$
Slide 14: Ports and Terminals' Financial Results: Acapulco
14 Ports and Terminals’ Financial Results Acapulco +173.5% +38.0%
Slide 15: Ports and Terminals' Financial Results: Maintenance and Repair
15 Ports and Terminals’ Financial Results* Maintenance and Repair +60.0% +35.2% *Millions of U.S.$
Slide 16: Logistics' Financial Results
16 Logistics’ Financial Results Revenue down 20.2% in Q4 and 11.2% in 2010 Revenue reduced by $12.7 million from sale of assets in April 2010 Revenue up at Warehousing and Auto hauling
Slide 17: Total Net Debt
As of 12/31/09 As of 12/31/10 Mexican Trust Certificates** $679.3 $786.4 Securitization Facility 19.9 11.8 Other Corporate debt 85.2 73.9 TOTAL DEBT $784.4 $872.1 Cash 84.2 142.3 NET DEBT $700.2 $729.8 17 Total Net Debt* Peso-denominated debt increased $40.2 million from appreciation of Peso vs. Dol
Slide 18: TMM's 5-year Growth Strategy
18 TMM’s 5-year Growth Strategy Increase penetration in Mexican ports o Tampico - began setevedoring services for general cargo in Q4 o Tuxpan - uniquely positioned property for container and liquid terminal for oil products Add new vessels to TMM’s fleet
Slide 19: Q4 and Full-Year 2010 Financial Results
Grupo Q4 and Full-Year 2010 Financial Results