EX-99.3 4 exhibit99_3.htm SLIDESHOW exhibit99_3.htm
July 29, 2011
 
 
 
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.
Forward-Looking Statements
2
 
 
 
  José Serrano, Chairman and CEO
  Jacinto Marina, Deputy CEO
  Carlos Aguilar, CFO
  Luis Ocejo, Maritime
  Roberto Martínez, Ports and Terminals
3
On Today’s Call
 
 
 
Consolidated Financial Results*
Revenue, Operating Profit, EBITDA
4
*Millions of U.S.$
Revenue
-7.7%
-13.4%
35.4%
-12.5%
10.0%
-5.1%
 
 
 
Maritime’s Financial Results*
Revenue and Operating Profit
5
Revenue
Operating Profit
*Millions of U.S.$
-15.7%
-18.7%
-33.7%
-32.4%
 
 
 
Maritime’s Financial Results*
Revenue and Operating Profit- Improvement from Q1 2011
6
Revenue
Operating Profit
*Millions of U.S.$
9.8%
17.8%
 
 
 
1H 2011 Maritime’s Financial Results
Offshore Vessels
  Lower utilization and average
 daily tariffs
  Three less vessels in 1H 2011
Product Tankers
  Lower utilization and average
 daily tariffs
Chemical tankers
  Lower freight volumes and one
 less vessel in operation in Q2
 2011
Harbor towage
  Increased ship calls at
 Manzanillo from 822 to 1,055
7
*Millions of U.S.$
 
 
 
TMM’s Maritime Fleet
Product Tankers
Pacific Coast & Gulf
 of Mexico
Harbor Towage
Manzanillo
Fleet: 28
Chemical
Tankers
Gulf of Mexico inter-
 coastal services
Fleet: 8
Fleet: 6
Fleet: 2
Offshore Vessels
Sound of Campeche
8
  Track record - Ability to generate sizable contracted
 revenue stream
  Contract backlog of approximately $199.2 million
 
 
 
Offshore and Product Tanker
Data Snapshot
 
2Q 2010
2Q 2011
Revenue Available Days
2,487
2,231
Average Vessels
32
28
Utilization
85.4%
87.5%
 
2Q 2010
2Q 2011
Revenue Available Days
541
563
Average Vessels
6
7
Utilization
99.9%
95.2%
Offshore Fleet
Product Tanker Fleet
9
*Q2 2011 offhire days: Offshore fleet 317 days and product tanker fleet 28 days
 
 
 
Ports and Terminals’ Financial Results*
Revenue and Operating Profit
10
*Millions of U.S.$
21.0%
18.5%
Unchanged
 
 
 
Ports and Terminals’ Financial Results
Puebla, Saltillo and Acapulco
11
Autos Handled
*Millions of U.S.$
 
 
 
1H 2011 Logistics’ Financial Results
  Excluding $6.7m from sale of assets in April 2010,
 revenue increased 7.6%
  Auto hauling revenue improved 46.6%
  EBITDA improved to breakeven in 1H 2011
12
 
 
 
Total Debt*
  Peso-denominated debt
 increased $43.3m from
 appreciation of Peso vs.
 Dollar in 1H 2011
  In Q1 2011 paid $44.5m of
 Trust Certificates debt,
 including a capital
 prepayment of $8.4m
  In Q2 2011 prepaid
 remaining balance of
 securitization facility for
 $9.1m
  Of total debt, only 2.5%,
 or $22.0m, is short term
 
As of
12/31/10
As of
06/30/11
Mexican Trust Certificates**
$786.4
$822.6
Securitization Facility
11.8
0.0
Other Corporate debt
73.9
69.4
TOTAL DEBT
$872.1
$892.0
Exchange Rate:
Exchange Rate:
12.38 pesos/dollar at 12/31/10
12.38 pesos/dollar at 12/31/10
11.77 pesos/dollar at 06/30/11
11.77 pesos/dollar at 06/30/11
*All numbers millions US$
*All numbers millions US$
** 20 year term and non-recourse to Company
** 20 year term and non-recourse to Company
13
13
 
 
 
Expected Improvements in 2H 2011
14
 
 
 
TMM’s 5-Year Growth Strategy
15
 
 
 
July 29, 2011