INVESTOR PRESENTATION MAY 2019 LEGAL DISCLAIMER The material that - - PowerPoint PPT Presentation
INVESTOR PRESENTATION MAY 2019 LEGAL DISCLAIMER The material that - - PowerPoint PPT Presentation
GRUPO TRAXION PRESENT INVESTOR PRESENTATION MAY 2019 LEGAL DISCLAIMER The material that follows presents general background information about Grupo Traxion, S.A.B. de C.V. (the Company) as of the date of the presentation. This information
LEGAL DISCLAIMER
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The material that follows presents general background information about Grupo Traxion, S.A.B. de C.V. (the “Company”) as of the date of the presentation. This information consists
- f information concerning the Company. It is information in summary form and does not purport to be complete. It is not intended to be relied upon as advice to potential investors
and does not form the basis for an informed investment decision. This presentation is strictly confidential and may not be disclosed to any other person. The information in this presentation is preliminary in nature and subject to change. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented herein. All information in this presentation is subject to verification, correction, completion and change without notice. In giving this presentation, none of the Company, any of its affiliates, directors, officers, agents or employees, nor any placement agents, managers or initial purchasers undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any information or to correct any inaccuracies in any such information. This presentation may contain statements that are forward-looking. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of the Company and its subsidiaries that may cause the actual results of the Company to be materially different from any future results expressed or implied in such forward-looking statements. None of the Company, any of its affiliates, directors, officers, agents or employees, nor any placement agents, managers or initial purchasers, shall be liable to any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). This presentation is being made only to investors that, by means of their attendance at this presentation, represent that they are “qualified institutional buyers” as that term is defined in Rule 144A under the Securities Act. Any offering of securities to be made outside of Mexico will be made by means of an offering memorandum that will be sent to you at the address that you provided today. Such offering memorandum will contain, or incorporate by reference, detailed information about the Company and its business and financial results, as well as its financial statements. Investment decisions should be solely made on the basis of the offering memorandum and not on the basis of this presentation. This presentation does not constitute an offer, or an invitation or solicitation for an offer, to subscribe for or purchase any securities, nor shall any part of it nor the fact of its dissemination form part of or be relied on in connection with any contract or investment decision relating thereto. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment. If the Company should at any time commence an offering of securities, any decision to invest in such offer to subscribe for or acquire securities of the Company must be based wholly on the information contained in the offering memorandum to be issued by the Company in connection with any such offer and not on the contents hereof. By reading this presentation, you agree to be bound by terms and conditions set out above. The Company’s management highly recommends the investment community to thoroughly review the information contained in the offering memorandum and consult with independent advisors deemed necessary before making any investment decisions. A stock investment is complex, is subject to a variety of risks and uncertainties and may result in significant losses, including the full amount invested.
TRAXION- MUCH MORE THAN A LOGISTICS AND MOBILITY PLATFORM: A BUSINESS DEVELOPER
THE PERSONNEL TRANSPORTATION INDUSTRY TRANSFORMER With an outstanding entrepreneurial and innovating team, and through LIPU, TRAXION transformed the student and personnel transportation segment with accelerated growth and the ability to seize opportunities and develop the sector THE FIRST INSTITUTIONAL IN THE INDUSTRY WITH A BEST- PRACTICES APPROACH TRAXION is the first company in the transportation and logistics industry in Mexico that has sought to become institutionalized and develop a best-practices and value creation approach by involving not one, but two private equity funds, seeking to broaden its vision and resources to optimize the Company’s Operations and profitability THE FIRST CONSOLIDATOR IN THE LOGISTICS AND TRANSPORTATION INDUSTRY IN MEXICO TRAXION is the first consolidator of the logistics and transportation industry in Mexico capable of conducting acquisitions to broaden its service portfolio and successfully integrating them into its business model, creating a unique operating platform in the market THE FIRST COMPANY IN THE SECTOR TO CONDUCT AN INITIAL PUBLIC OFFERING IN MEXICO Due to its wish to reshape the perception of the industry and increase its growth capabilities through access to greater capital, TRAXION was the first company to conduct an Initial Public offering in the Mexico Stock Exchange SUPPLIER OF INTEGRATED MOBILITY SERVICES Thanks to its structure and broad service portfolio, TRAXION is the only logistics player in Mexico capable of providing an integrated solution to its clients through the whole transportation supply chain TRAXION’s superior execution capabilities and high-quality service have positioned it as the leading supplier of logistics and transportation services in Mexico, and shifting the paradigms of conducting business in the industry, comparable to top international peers
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PROFITABILITY APPROACH
2017A 2018A 2019-G
EBITDA MARGIN %
Exploiting its purchasing power and
- perating leverage, TRAXION has
- ptimized its operations and improved
its profitability TRAXION expects to increase its EBITDA margin by 200 bps The synergies plan is a continuous and sustainable effort to maintain efficiencies and profitability
SUSTAINABLE GROWTH
Through a robust capital structure, profitability and diversification of services, TRAXION has showed fast and sustainable growth during the past years TRAXION expects to record a 33% CAGR in EBITDA from 2017 to 2019
SCALE
TRAXION has a large, diverse and flexible fleet (including last-mile units) that is 2.5x larger tan that of the next competitor Moreover, the fleet has grown 27x since 2011
ATTRACTIVE VALUATION
TRAXION trades at a significant discount versus IPC and other comparables
P/BV EV/EBITDA
2019E
TRAXION vs IPC TRAXIONvs Comparables
34% 23% 67% 67%
17.8% 19.0% 19.8% 2017A 2019G
EBITDA
TACC ’17-’19E: 33.1% 1,259 2,231 TRANSPORTES MONTERREY
FLEET SIZE1
2,730 5,272 8,002 2,189 ~ 3.6x
5.2x 7.8x 6.7x
FV/EBITDA 19G
TRAXION IPC
P/BV LTM
0.7x 2.1x 2.1x
CARGO & LOGISTICS PASSENGER FLEET COMPARABLES2
TRAXION’S KEY ATTRIBUTES
1 Average fleet on 4Q19; includes last-mile fleet: 86 trucks, 338 light trucks, 34 cars and 169 motorcycles 2 Comparables INCLUDE JB Hunt, XPO Logistics, Landstar, K night-Swift y TFI International; multiples as fo 03/28/19
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TRAXION’s diversity translates in an uparalleled service provider within logistics and mobility Its scale boosts profitability by leveraging purchasing power and operating expenses Professional and institutional management team with more than 100 years of aggregated experience and an unparalelled track record Diverse shareholder base (institutional and retail) with representative float
PROFITABLE AND ACCELERATED GROWTH
World-class client base, with sound, lomg-lasting relationships and presence in several industries, with broad footprint in áreas of strong economic dynamics Resilient business model through different economic cycles Key sector to the economy in Mexico with stable prospects and strong fundamentals
1 2 3 4 5
LEADING PLAYER IN LOGISTICS AND TRANSPORTATION WITH THE MOST COMPLETE SERVICE PORTFOLIO BUSINESS MODEL FOCUSED ON PROFITABILITY AND TO SERVE DIFFERENT INDUSTRIES LEADING COMPANY IN THE SECTOR THAT PRESENTS STRONG FUNDAMENTALS AND GREAT GROWTH POTENTIAL
Expected CAGR of 22.8% and 23.2% in revenue and EVITDA, respectively from 2016 to 2019 Expected increase of 200 bps of EBITDA margin from 2017 to 2019
WHY INVEST IN TRAXION?
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MANAGEMENT TEAM WITH SUPERIOR EXECUTION CAPABILITIES, A DIVERSE SHAREHOLDER BASE, AND A POSITIVE PERSPECTIVE
WHO ARE WE? CARGO AND LOGISTICS PERSONNEL AND STUDENT TRANSPORTATION WHAT ARE OUR MAIN ADVANTAGES?
BRANDS
MOVILIDAD Y LOGÍSTICA TRAXION is the leading mobility and logistics company in Mexico with the broadest and most diverse service portfolio TRAXION provides services in two main segments: Cargo & Logistics, and Personnel and Student Trasnportation SERVICES ▪ Domestic cargo ▪ International cargo & transfers ▪ Intermodal cargo ▪ Less-than-Truckload (LTL) SERVICES ▪ Personnel-commutingtransportation ▪ Studenttransportation ▪ Charters BRANDS PRODUCTS AND SERVICES PASSENGERS ▪ 3PL logistics ▪ Lastmile ▪ Packagingand Courier ▪ Moving and relocation ▪ Refrigeratedcargo (cold-chain) ▪ Specialized cargo (petrochemicals and materials) Only one-stop solution in Mexico Broadest and most diverse service portfolio in the industry, with integrated logistics solutions Complete geographic footprint in Mexico, with unparalleled reach Large scale and consolidation of logistics services ▪ Customs/ Ports ▪ Freight transport ▪ Storage / DistributionCenters1 ▪ Retail distribution ▪ E-commerce / Reverse logistics ▪ Transportationof corporatestaff ▪ Transportationof industrial employees ▪ Studenttransportation ▪ Private charters to groupsand trips
+8,000
Power Units
+394,000 SQM
3PL Logistics Warehouses
AAA
Clients
+14,200
Employees
Note: Information as of March 2019
1 Distribution Center
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- 1. LEADING PLAYER IN LOGISTICS AND TRANSPORTATION
WITH THE MOST COMPLETE SERVICE PORTFOLIO
MOBILITY AND LOGISTICS
ACQUISITION DATE MAIN SERVICES HEADQUARTERS MAIN OPERATIONS ADDED VALUE
2016 2016 2018 2018 2013
INTERNATIONAL FREIGHT, PORTS, INTERMODAL FREIGHT, BORDER TRANSFERS, LTL AND 3PL LOGISTICS COAHUILA, SLP, QUERETARO, PUEBLA, VERACRUZ, NUEVO LEON, LAREDO AND MEXICO CITY SERVICE ACROSS THE COUNTRY BAJIO, NORTH, NOTHEAST AND CENTRAL MEXICO LTL, LAST MILE, PACKAGING AND COURIER QUERETARO TOLUCA MEXICO CITY SAN LUIS POTOSI MEXICO CITY METROPOLITAN AREA ROUTES ALL ACROSS THE COUNTRY SERVICE ACROSS THE COUNTRY RENOWNED, TRADITIONAL BRAND IN THE INDUSTRY DIVERSE LAST-MILE FLEET AND POINTS OF SALE ACROSS THE COUNTRY KEY PLAYER IN SAN LUIS POTOSI AND THE BAJIO REGION KEY PLAYER IN 3PL LOGISTICS AND FREIGHT
Note: Information as of March 2019
- 1. LEADING PLAYER IN LOGISTICS AND TRANSPORTATION WITH THE
MOST COMPLETE SERVICE PORTFOLIO
7 2011
QUERETARO MEXICO- LAREDO ROUTE BAJIO REGIONAL ROUTES BAJIO – LAREDO ROUTE BAJIO – MEXICO ROUTE AGREEMENTS WITH THE MOST RENOWNED AMERICAN AND CANADIAN COMPANIES INTERNATIONAL FREIGHT IN DRY AND REFRIGERATED TRAILERS, BORDER TRANSFERS AND LTL SERVICES
CARGO & LOGISTICS
DOMESTIC FREIGHT AND 3PL LOGISTICS DOMESTIC FREIGHT, MOVING AND RELOCATION SERVICES AGREEMENTS WITH THE MOST RENOWNED AMERICAN AND CANADIAN COMPANIES INTERNATIONAL FREIGHT, PORTS, INTERMODAL FREIGHT, BORDER TRANSFERS, LTL AND 3PL LOGISTICS
The cargo & logistics segment provides high-quality services through its renowned companies
PERSONNEL & STUDENT TRANSPORTATION
Manufacture
31%
Auto
28%
Hotels
11%
Food & Beverage
8%
Machinery
3%
Education
4%
Industria
6% 3% 3%
Aeroespace
3%
Pharma
Top-10 Sectors
CERTIFICATIONS
FLEET GROWTH
(# units)
+65 years of experience in personnel transportation services as private company Leading company with greatest coverage and infraestructure in Mexico Focus: SAFETY, PUNCTUALITY, CONSTANT INNOVATION OF STATE-OF-THE-ART TECHNOLOGY, and OPERATOR TRAINING 150 million passengers transported every year +375 clients nationwide Footprint in 11 states
1Q19 2018 2017 2016
3,399 3,833 4,039 5,279
COMPETITIVE ADVANTAGES ▪ GPS ▪ CCTV ▪ Operatoractivitylog ▪ Alcohol controls ▪ On-boardWiFi ▪ Telemetric monitors: safety, distance, mobility, speed, driving mode, etc. ▪ Capacitycontrol ▪ Detailed routingsystems ▪ Utilizationand timing analyses ▪ Operatordeployment
Ranking Super Companies: In process of certification with Top Companies
- 1. LEADING PLAYER IN LOGISTICS AND TRANSPORTATION WITH THE
MOST COMPLETE SERVICE PORTFOLIO
8
Electronics
SERVICES ▪ Personnel-commutingtransportation ▪ Studenttransportation ▪ Charters
BOARD OF DIRECTORS ABY LIJTSZAIN
Executive President
RODOLFO MERCADO
CEO +21 years of exoerience in the sector Founded LIPU in 1998 as the pioneer in the student and personnel transportation sector, creating the largest and first publicly-traded company in the sector among a family-owned and operated industry Duties of the Executive President Execute the Company’s strategy an d follow-up the business plan with a 100% strategic visión Lead the company’s capital deployment according to the bussiness plan Observe infernal control bodies 15 members 66% independent 4 committees (Audit, Compensation and Nomination, and Executive) COO of TRAXION since 2016 COO of LIPU; 2014-2016 COO of Settepi; 1997-2014 Certified Public Accountant from Instituto Tecnologico de Estudios Superiores de Monterrey Duties of the CEO Observe and apply the Company’s expansión and development plan Operating and administrative management 100% operating view Focus on profitability and sustainable growth
45+ 25+ 21+ 2.MANAGEMENT TEAM WITH SUPERIOR EXECUTION CAPABILITIES, A DIVERSE SHAREHOLDER BASE AND A POSITIVE PERSPECTIVE
WOLF SILVERSTEIN
CFO CFO of LIPU since 2013 Led capitalization processes of private equity funds Held several administrative positions in LIPU since 2004, leading the implementation of the Shared-Services-Center Performed a fundamental role in the IPO process of TRAXION Bachelor of Arts, Business Administration, Universidad Iberoamericana, and Master of Finance by Instituto Tecnologico de Estudios Superiores de Monterrey
15+
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TARGET PRICES
RECOMMENDATIONS AND REMARKS ABOUT TRAXION
DIVERSIFIED SHAREHOLDER BASE POSITIVE PERSPECTIVE
Hold 16.7%
Float
44%
Discovery Americas
25% 9.9%
Nexxus Capital
11.9%
Founders and Management Other Shareholders
9.1%
44% OF FLOAT IS AMONG INSTITUTIONAL AND RETAIL INVESTORS
BUY 83.3%
“T raxion has a positive outlook with defined growth avenues and a clear strategy of leveraging its services through cross selling and efficiencies from economies of scale” “In our opinion, the company should continue to make progress and prove quarter after quarter that its business model creates value in the long term. As of now, we believe that Traxion is well positioned to take advantage of a fragmented industry” “T raxion has a low to the current political risks; however a pressing concern could be the gasoline price policy that the federal government will pursue, nonetheless, we believe the company is well prepared for any near-term changes in this regard”
ACTINVER 27 FEB 2019 $18.30 59.2% BARCLAYS 31 OCT 2018 $21.00 56.3% MORGAN STANLEY 25 OCT 2018 $17.50 30.2% CITI 05 MAR 2019 $19.50 45.1% UBS 05 JUL 2018 $16.80 25.0% SANTANDER 12 DIC 2018 $16.00 19.0% AVERAGE $19.10 42.2%
MOST RECENT DATE TARGET PRICE POTENTIAL INCREASE*
2.MANAGEMENT TEAM WITH SUPERIOR EXECUTION CAPABILITIES, A DIVERSE SHAREHOLDER BASE AND A POSITIVE PERSPECTIVE
* Price as of 2/04/2019 of Ps. 13.44
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MXN$m MXN$m MXN$m MXN$m
2016PF* CARGO & LOGISTICS 2017A 2018A 2019E
REVENUE EBITDA NET INCOME OPERATING CASH FLOW
3,790 4,029 5,491 2,311 3,043 3,911 6,100 7,072 9,403 1,785 11,283
PASSENGER 2016PF* CARGO & LOGISTICS 2017A 2018A 2019E PASSENGER MARGIN MARGIN 2016PF* 2017A % COINVESTMENT EBITDA – OPERATING CASH FLOW
731 645 949 1,191 1,259 2,231 350 605 854
2018A
35
2016A 2017A 2018A
337 434 396 434 824
19.4% 17.8% 19.0% 19.8% 0.9% 4.8% 4.6% 33% 34% 46%
- 3. PROFITABLE AND ACCELERATED GROWTH
*Proforma of acquisitions on 2016
11
WORLD-CLASS CLIENTS LONG-LASTING RELATIONSHIPS (years)
DIVERSIFIED REVENUE SOURCE ACROSS SEVERAL INDUSTRIES AND RESILIENT IN DIFFERENT ECONOMIC CYCLES… …WITH A WOLRD-CLASS CLIENT BASE AND LONG-LASTING RELATIONSHIPS
SEGMENT BREAKDOWN
Personnel & Student Transportation
38%
Cargo & Logistics
62%
LARGEST CLIENT REPRESENTS LESS THAN 5% OF TOTAL REVENUES +95% CLIENT RETENTION RATE
67 27 23 23 23 22 21 20
SEARS WALMART
INDUSTRY BREAKDOWN
Auto
23%
Industrial
19%
Electronics 6%
6%
Education
6%
Government Other
6%
Retail
36%
Top 10
26%
Top 20
38%
Top 30
46%
Top 40
52%
Top 50
57%
Otros
CLIENT CONCENTRATION
Note: Information as of December,2018
- 4. BUSINESS MODEL FOCUSED ON PROFITABILITY AND TO
SERVE DIFFERENT INDUSTRIES
12
Average tenure: 26 years
Corporate staff Manufacturing personnel Service personnel Students Charters Corporate offices Industrial Parks and manufacturing hubs Hotels, resorts and communities Schools and colleges Private-groups trips DIVERSIFIED MODEL IN MOBILITY OF GOODS, PRODUCTS AND PEOPLE
PERSONNEL & STUDENT TRANSPORTATION: PEOPLE MOBILITY MANUFACTURING
SUPPLIER CUSTOMS / PORT RETAIL DISTRIBUTION CENTER CONSUMER MANUFACTURER
(CLIENT)
CUSTOMS/PORTS
INTERNATIONAL FREIGHT
(EGOBA, AFN)
INTERNATIONAL FREIGHT
(EGOBA, MYM, REDPACK)
DOMESTIC FREIGHT
(EGOBA, MYM, AFN, EL BISONTE)
MOVING & “HARD TICKET”
(MYM, REDPACK)
LAST-MILE
(MYM, REDPACK)
WAREHOUSE MANAGEMENT
(GRUPO SID)
LOGISTICS
(GRUPO SID)
INTERMODAL
(EL BISONTE, AFN)
STORAGE DISTRIBUTION RETAIL/E-COMMERCE CONSUMER PERSONNEL TRANSPORTATION STUDENT TRANSPORTATION CHARTER SERVICE
- 4. BUSINESS MODEL FOCUSED ON PROFITABILITY AND TO
SERVE DIFFERENT INDUSTRIES
E-COMMERCE
13
CARGO TRANSPORTATION & LOGISTICS: MOBILITY OF GOODS AND PRODUCTS
Revenue EBITDA IRR ROIC
Constant CapEx performance follow-up Key metrics: ACTIONS: To withdraw non-profitable clients
New Client / Commercial Opportunity Quoting / Pricing / Contract Drafting Analysis from CapEx Committee CAPEX APPROVAL FOR CLIENT
FRONT BACK
SHARED-SERVICES CENTER
INCREASED PRODUCTIVITY AND EFFICIENCY
CAPEX ANALYSIS WITHDRAWAL REALLOCATION SHARED- SERVICES CENTER Thorough CapEx allocation to maximize profitability: ▪ Clear, predetermined parameters of quoting and pricing of new comercial opportunities ▪ CapEx approval through the CapEx Committe depending on:
- InternalRateofReturn (IRR)
- Return on Invested Capital (ROIC)
Effective corporate with a shared-services center to capture synergies: ▪ Back-office, administrative processes, and other non-core areas are centralized ▪ Better procurement conditions ▪ Shared infrastructure in offices, terminals, yards and maintenance shops ▪ High cross-selling potential across services and subsidiaries
1 Average fleet for the period; kilometer volume in million kilometers; revenue and cost in pesos
- 4. BUSINESS MODEL FOCUSED ON PROFITABILITY AND TO SERVE
DIFFERENT INDUSTRIES
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IRR ROIC
Cargo Segment1 2017 2018 ∆% 1Q18 1Q19 ∆%
- Avg. Fleet
1,570 1,543 (1.7)% 1,642 2,103 +28.1% Kilometer volume 172.9 189.3 +16.5% 41.1 59.5 +44.9%
- Avg. Revenue / km.
19.58 21.55 +10.0% 19.94 21.88 +9.7%
- Avg. Cost / km.
14.95 15.63 +5.3% 15.68 16.94 +8-0% Kilometer volume increases more than average fleet
Total fleet
(power units)
Thousand power units
CARGO TRANSPORTATION
CAGR’13-’18: 6.2%
PASSENGER TRANSPORTATION
CAGR ’14-’18: 3.9%
2014 - 2018 CAGR
TRAXION IS THE LEADER IN AN INDUSTRY WITH.. . . . . TREND TOWARDS INSTITUTIONALIZATION AND HIGH GROWTHS
5,178 2,766 2,189 1,887 1,867 1,724 1,641 990 790 735
~3.6x 7,944
+378,000 SQM
3PL Logistics warehouse space
TRAXIÓN
- T. MONTERREY
SENDA
- T. TRESGUERRAS
- T. CASTORES
GRUPO TUM FLETES MÉXICO MARVA
- T. MONROY
194 199 206 215 221 232
2013 2014 2015 2016 2017 2018
123 127 133 143 152 162 186 202 222 246 272 299 729 763 806 865 917 983 226 235 245 260 273 290 10.0% 5.6% 5.2% 3.6%
NA
3 3 3 4 4
2013 2014 2015 2016 2017 2018
11 12 12 12 13 27 27 29 32 34 48 48 51 55 58 7 7 7 7 7
6.3%
OWNER-OPERATOR (1-5 UNITS) SMALL COMPANIES (6-30UNITS) MEDUIM COMPANIES (31-100UNITS) LARGE COMPANIES (+100 UNITS)
- 5. LEADING COMPANY IN THE SECTOR THAT PRESENTS
STRONG FUNDAENTALS AND GREAT GROWTH POTENTIAL
Source: Transportation Ministry (SCT Mexico); T21 Magazine (Dec 2018)
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3.1% 1.5% 5.7%
CONTRIBUTION TO GDP IS LOWER IN OTHER COUNTRIES UNITED STATES EUROPEAN UNION
COUNTRY
4.6% 3.0%
% OF GDP
CANADA 5.0%
BOTH MOBILITY SERVICES PROVIDED BY TRAXION ARE THE FOUNDATION OF TRANSPORTATION IN MEXICO TRAXION’S FOOTPRINT: PRESENCE IN HIGH ECONOMIC GROWETH AREAS
THE TRANSPORTATION INDUSTRY IN MEXICO REPRESENTS 5.6% OF GDP WITHIN THE INDUSTRY, CARGO AND PASSENGER TRANSPORTATION ARE THE MOST RELEVANT
Cargo transportation
50.7%
Passenger transportation
31.8%
Maritime1.2% Rail 3.1% Air 3.2% Services 7.7%
1.2% Storage and refrigeration 1.1%
Pipeline
Source: Information of Mexico: SCT; Information of US https://w w w .bts.gov/topics/national-transportation-statistics; information of Europe https://ec.europa.eu/jrc/en/research-topic/transport-sector-economic-análisis; information of Canada https://w w w .tc.gc.ca/eng/policy/transportation-canada-2017.html#toc1-3
3.3%
Baja California Aguascalientes
5.4% 3.9%
Sonora
4.0%
Nuevo León
3.9%
San Luis Potosí
5.4%
Guanajuato
6.3%
Querétaro
5.0%
Quintana Roo
2.8%
Average national GDP grpwth
Main operations / Economic regions
3.8%
Jalisco
Presence of all subsidiaries No presence Source: INEGI, company information 2010 – 2015 CAGR ofreal GDP
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- 5. LEADING COMPANY IN THE SECTOR THAT PRESENTS
STRONG FUNDAENTALS AND GREAT GROWTH POTENTIAL
1 Jun 2018 5 Abr 2019
Source: SCT
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- 5. LEADING COMPANY IN THE SECTOR THAT PRESENTS
STRONG FUNDAENTALS AND GREAT GROWTH POTENTIAL
The comercial conflict between the U.S. and China is creating a window of opportunity
5.
…together with a
clear and defined future strategy with priority in profitability…
6.
…focused on
- rganic growth and
- n expanding its
service offering…
7.
…and strengthening the whole mobility and logictics chain in Mexico through high-tech levels.
1.
Large-scale player and leading company in the logistics and mobility industry…
2.
…with attractive and strong fundamentals and growth potential…
3.
…and the most complete service portfolio…
4.
…that translates in the only
- ne-stop solution
In Mexico…
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