(In Millions of Mexican Pesos)

  • 2018 Third-Quarter Results Include:
  • Accumulated operating profit of $1,166.2 million.
  • Debt decrease of $296.4 million.
  • $2,238.8 million stockholders’ equity.

MEXICO CITY - Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics company, today reported its financial results for the Third Quarter of 2018.

“As a result of its proven experience Grupo TMM has continued adapting to the new condition of national and international markets, taking advantage of its effective client diversification strategy, cost optimization and revenue improvement,” said José F. Serrano, chairman and chief executive officer of Grupo TMM. “We have also developed new strategies to improve performance in each business unit, and exploit the gradual energy sector reactivation in México. The Company also continues to actively bid for new projects in the Mexican energy industry, focusing on hydrocarbons transportation, storage and distribution.”

“Everything mentioned above allows the Company to develop expansion projects in Maritime Division and Ports and Terminals Division, to exploit the markets potential recovery,” Mr. Serrano continued. “Grupo TMM also reaffirmed its commitment to strengthen its balance sheet, increase investment value of shareholders as well as commit itself to the welfare of its human capital, social responsibility and Mexico’s economic development.”

“As mentioned in previous filings, in December 2017 Grupo TMM Shareholders approved the Company’s restructuring plan, where it was agreed to transfer 85 percent of the shares of TMM Division Maritima (TMMDM) to benefit holders of the Mexican Trust Certificates, due to The Strengthening Plan of the Mexican Trust Certificates Debt safeguarding bondholders’ rights; since then Grupo TMM deconsolidated the corresponding liabilities of $11,802.5 million and assets of $8,344.0 million. It is also important to highlight that Grupo TMM continues to manage and operate TMMDM vessels through a maritime services agreement with TMMDM.”