Fleet - Grupo TMM

Grupo TMM
January 2014
Grupo TMM is…
…one of the largest maritime transportation companies in Mexico, providing
Revenue



Maritime and shipyard services
Ports and terminals management
Warehousing services
Ports
13%
Others 2%
…to international and domestic clients throughout Mexico
2
Maritime 85%
Investment Highlights

Excellent brand name and reputation across all divisions

Increased demand for exploration and distribution services within Mexico
requires new generation of higher-rated and deeper-water capabilities

Mexican Navigation Law favors Mexican-flagged vessels

Operating stability at Maritime, supported by fixed cash flows from medium and
long-term period charters with quality counterparties
3
TMM’s Maritime Fleet
Fleet: 26
Offshore Vessels - Sound of Campeche
Fleet: 5
Product Tankers - Pacific Coast & Gulf of
Mexico
Fleet: 7
Harbor Towage - Manzanillo
Fleet: 2
4
Chemical Tankers - Gulf of Mexico intercoastal services
TMM’s Maritime Fleet
Offshore Vessels
5

Transport dry and liquid cargo from
port terminals to offshore facilities

Anchor handling tug vessels

Fire fighting vessels, four-point
mooring vessels, one process vessel

Crew to transport personnel and
light cargo
Product Tankers

Transport of petroleum products
mainly for Pemex Refinación under
cabotage trades since 1992
Maritime Utilization
Above Industry Average
Product Tankers
Y2013
Offshore Vessels
Y2013
100%
100%
90%
89.6%
80%
70%
90%
95.7%
95.4%
94.9%
Q1
Q2
Q3
80%
70%
71.2%
60%
60%
50%
50%
40%
40%
30%
30%
20%
20%
10%
10%
0%
0%
Q1
6
90.7%
Q2
Q3
TMM’s Maritime Fleet
Harbor Towage




Sole provider of harbor towing
services at Port of Manzanillo
since January 1997
Services approximately 1,700
vessels per year
Main clients: NYK, MSC,
Hapag-Lloyd, Pemex
In 2006 concession renewed
for 8 years: January 2015
Chemical Tankers

Transport of chemicals, vegetable
oils and molasses in Gulf of Mexico

More than 90% of cargo
transported under COA

Main customers: Celanese
Mexicana, Dow Chemical, Petrocel

Dedicated facilities: Houston,
Coatzacolacos, Mexico City
Houston
Houston
Altamira
Altamira
7
Veracruz
Veracruz
Coatzacoalcos
Coatzacoalcos
Shipyard Services
8

Acquired shipyard at the Port of Tampico in January 2012

Expect to have the necessary capabilities to build vessels at
facility in the short- term, through association with
international shipyard
Ports and Terminals
Port of Acapulco
9
Shipping Agencies

25-year concession since 1996

Port agent and cargo supervision

Operation and management of
cruise ship terminal

Brokerage, chartering and
bunkering

Automobile terminal and
warehouse for exports and
imports
Ports and Terminals
Tuxpan

Operation of multipurpose
terminal
Tampico

Maintenance and Repair of
Containers
Automotive

10
Value-added logistics services
including storage and
distribution of finished
vehicles
Stevedoring services for general
cargo

Terminals in major ports such as
Manzanillo, Veracruz, Altamira,
Ensenada and in Mexico City
*Warehousing Services

Fiscal bonded warehousing services

Fiscal habilitation of customers’ own warehouse

Verification and compliance unit

Issuing of deposit certificates and pledge bonds

Logistics and distribution services

Fiduciary services
*Currently held for sale
11
Year 2014 and Beyond
• Development of Container and Liquids Terminal at Port of Tuxpan

Concession to operate and environmental permits in place
• Add specialized offshore vessels to TMM’s fleet
Meet increasing demand for deep water exploration in Mexico
 The approval of Mexico’s Energy Reform brings new opportunities at Maritime

12
ENERGY REFORM
13

Modify Article 27 of Mexico’s Constitution to allow foreign and private
investment in oil and gas production

The Reform will allow Pemex to enter into partnerships and share profits with oil
majors, BUT would not grant any foreign multinationals outright ownership of oil
fields via concessions.

Pemex will remain 100% Mexican
ENERGY REFORM
 Pemex is the world's fifth-leading oil producer by output
 Current oil production is 2.5 million barrels per day
 Mexico's output has suffered from natural decline of Cantarell shallow
offshore field and a lack of sufficient investment
 Pemex to explore deep-water areas in Gulf of Mexico and boost energy
production by assessing its non-conventional reserves
14
ENERGY REFORM
Benefits for oil and gas production
 Oil production expected to increase from 2.5 barrels per day to 3 million in 2018
and to 3.5 million in 2025
 Natural gas production expected to increase from 5.7 million cubic feet per day
to 8 million in 2018 and 10.4 million in 2025
 Mexican economy will grow and up to two million new jobs will be created
15
ENERGY REFORM
Benefits for electricity sector
 Electricity cost will be reduced
 The National Electricity Commission (CFE) will improve its corporate governance
 Investment in new technologies seeking to improve environment “green
energy”
16
Grupo TMM
January 2014