Income of $794.0 million, an increase of 9.2% compared to the 2015 second quarter

Free cash flow of $112.6 million in third quarter and $271.2 million year to date

Maritime fleet utilization at 90.0 percent
Grupo TMM, S.A.B. (OTC PINK: GTMAY) (BMV: TMM A) “TMM” or the “Company”), a Mexican maritime transportation and logistics Company, reported today its financial results for the third quarter and first nine months of 2015.

MANAGEMENT OVERVIEW
José F. Serrano, chairman and chief executive officer of Grupo TMM, said, “TMM continues its efforts to strengthen its balance sheet through strict cost controls and planned capitalization, which will allow the Company to continue operating its services in both national and international markets with the highest quality.”

Mr. Serrano concluded, “With over 60 years of experience, Grupo TMM provides a dynamic combination of maritime transport, port management and logistics services through its branch offices and subsidiaries with both current customers and as a new member of the Energy Reform industry.”

THIRD-QUARTER AND FIRST NINE MONTHS OF 2015 OPERATING AND FINANCIAL RESULTS
Compared to the same period last year, consolidated revenues in the 2015 third quarter increased 9.2 percent mainly due to higher revenues in the Maritime segment, and to a lesser extent, in the Ports and Terminals segment. First nine-month 2015 consolidated revenues increased 13.4 percent due to higher revenues in Maritime segment partially offset by lower revenues in Ports and Terminals segment.

Consolidated operating income in the third quarter of 2015 decreased $2.4 million, or 2.4 percent, compared to the same period of 2014, excluding the disposal of an asset for $237.0 million in the third quarter of 2014. In the nine-month period, consolidated operating income increased $35.5 million, or 11.7 percent, compared to the first nine months of 2014, excluding the sale of the Palenque tanker for $63.6 million in the second quarter of 2015.

Third-quarter 2015 consolidated EBITDA was $280.4 million compared to $255.4 million for the same period last year. In the 2015 nine-month period, consolidated EBITDA was $838.4 million compared to $755.5 million for the same period of 2014. The comparison in both periods does not include the sale of the Palenque tanker in the second quarter of 2015 and the disposal of an asset in the third quarter of 2014.

Free cash flow for the third quarter of 2015 was $112.6 million compared to $71.7 million in the same period last year. For the first nine months of 2015, free cash flow was $314.4 million compared to $186.1 million in the same period last year. The comparison in both periods does not include the sale of the Palenque tanker in the second quarter of 2015 and the disposal of an asset in the third quarter of 2014.

Compared to the same period last year, Maritime revenues grew $53.2 million, or 8.2 percent, in the 2015 third quarter mainly due to 26.8 percent higher revenues in chemical tankers attributable to improved average freight rates, as well as a 25.1 increase in product tankers revenues mainly due to 100.0 percent fleet utilization. Maritime revenues improved $273.7 million, or 15.1 percent, in the 2015 first nine months compared to the same period last year mainly due to a 19.4 percent increase in chemical tankers revenues due to improved average freight rates, as well as a 19.0 percent increase in offshore
segment revenues and a 10.9 percent improvement in product tankers revenues due to better fleet utilization and efficiency in both segments.

Third-quarter 2015 Maritime operating profit decreased 12.3 percent to $119.9 million from $136.7 million in the 2014 period mainly due to increased operating costs in the offshore segment for the hire of two vessels in U.S. dollars, higher fuel costs at harbor tugs, and a 3.5 percent increase in consideration for the extension of tugs vessel service in Manzanillo. During the first nine months of 2015 Maritime operating income decreased 1.8 percent to $395.9 million from $402.9 million in the same period of 2014 mainly due to the sale of the Palenque tanker for $63.6 million in the 2014 period. Excluding the sale, operating income would have increased 14.0 percent to $459.5 million in the 2015 nine-month period. The 2015 period also benefitted from a better mix in average rates in chemical tankers and offshore vessels, product tankers utilization improving to 100.0 percent, partially offset by a decrease in the amount and type of work performed in the shipyard, as well as increased costs in harbor tugs.

Third-quarter 2015 Maritime EBITDA increased 3.8 percent to $297.3 million compared to $286.5 million in the same period of 2014. The Maritime EBITDA margin in the third quarter of 2015 was 42.3 percent. During the first nine months of 2015, Maritime EBITDA increased 17.2 percent to $984.0 million compared to $839.9 million in the same period of 2014. The Maritime EBITDA margin in first nine months of 2015 was 47.3 percent.

Ports and Terminals revenues increased 24.0 percent in the 2015 third quarter to $72.6 million mainly attributable to higher revenues in the Tampico and Tuxpan terminals due to an increase in the volume of steel and gravel, partially offset by lower revenues at Acapulco due to a lower number of transported cars. Comparing the first nine months of 2015 to same period last year, Ports and Terminals revenues decreased 1.7 percent to $207.1 million mainly due to a lower number of cars transported in Acapulco, as well as a decrease in automotive segment revenues, partially offset by higher revenues in the intermodal terminal and container maintenance and repair.

Third-quarter 2015 Ports and Terminals operating income increased $6.7 million to $7.0 million compared to $0.3 million in the same period 2014, mainly due to improved volumes at the Tampico and Tuxpan terminals. First nine-month 2015 Ports and Terminals operating income decreased 2.3 percent to $25.9 million compared to $26.5 million in first nine months of 2014 due to higher costs for the container maintenance and repair and intermodal segments, as well as lower revenues at Acapulco, partially offset by improved results at the Tampico Maritime Terminal and Agencies.

Ports and Terminals EBITDA in the third quarter of 2015 increased $6.6 million to $10.5 million compared to $3.9 million in same period of 2014. Ports and Terminals EBITDA margin was 14.5 percent in the third quarter of 2015. During first nine months of 2015 Ports and Terminals EBITDA was $37.4 million compared to $ 37.3 million in the same period last year. Ports and Terminals’ EBITDA margin in the first nine months of 2015 was 18.1 percent.

The move is away from the high street and towards online sales. That steps up the requirements on the transport infrastructure in towns and cities and, as a result, also on transport policy. The two megatrends remain the digital transformation and, connected with this, the establishment of unified standards. The exhibitors at transport logistic, which takes place from May 9 to 12, 2017 at the Messe Münchenexhibition center, will be presenting innovations that help master these challenges. Also at the fair, the supporting program, featuring 48 conference events, offers a valuable platform for knowledge transfer. All the facets of logistics, mobility, IT and supply chain management will be discussed in this program for which over 200 experts in the field will be coming to Munich to address the trade audience. transport logistic 2017 is to be officially opened by the German Federal Minister of Transport and Digital Infrastructure, Alexander Dobrindt.

Biggest showcase of the logistics industry
Robert Schönberger, Exhibition Group Director at Messe München, is pleased: “Unlike any other event, transport logistic manages to bring together the world of logistics, industry and trade, to discuss current events and to shape the future.With the events at this fair, the experts in attendance and the exhibiting companies, we offer our trade visitors a unique program.” Over 2,000 exhibitors from 60 countries will be showcasing the entire spectrum of products and services in the field of logistics, on a total of 115,000 square meters of exhibition space at the event—that´s equivalent to around 15 football pitches! And, on the exhibition center´s own rail tracks, a part of the open-air site is turned into a railway station, where leading companies proudly display their locomotives and wagons.

transport logistic becomes even more international
The upcoming edition of transport logistic will also feature a record number of presentations by groups of exhibitors from both Germany and abroad. Among the country pavilions are ones from Austria, Bahrain, Belgium (Flanders/Wallonia),China, Croatia, the Czech Republic, Estonia, France, Greece, Latvia, Luxembourg, Morocco, Portugal, the Slovak Republic, Slovenia and Spain.

Also featured at transport logistic this year are a number of joint stands of companies involved in port operations: Exhibitors from Italy, Finland, the Netherlands, Norway and Spain will be presenting their services and innovations in this area.

But Germany, too, is very well represented again at transport logistic: the different regions around the country Baden-Württemberg, Bavaria, BerlinBrandenburg, Bremen, Hamburg, Hesse, Lower Saxony, Mecklenburg-Western Pomerania, North Rhine-Westphalia, Saarland and Saxony-Anhalt will all have their own joint stands at the show.Further information: www.transportlogistic.de

transport logistic
transport logistic is the International Exhibition for Logistics, Mobility, IT and Supply Chain Management and the world’s biggest trade fair for freight transport by road, rail, water and in the air, in all its complexity. air cargo europe, an exhibition of the global air freight industry, is integral to transport logistic. In 2015 more than 55,438 visitors from 124 countries and 2,050 exhibitors from 62 countries attended the event. transport logistic is held every two years in Munich. The next event will take place from May 9 to 12, 2017.

transport logistic worldwide
In addition to transport logistic in Munich there are two other events abroad. In addition to the industry event transport logistic China, incorporating air cargo China in Shanghai, Messe München is joining forces with EKO Fair Limited to organize logitrans International Transport Logistics Exhibition in Istanbul and is taking part under a cooperation agreement in CTL in cooperation with transport logistic in Mumbai and in Transportation & Logistica (TLA) in Atlanta, USA.

Messe München
With a stable of more than 40 trade fairs for capital goods, consumer goods and new technologies at its Munich site and abroad, Messe München is one of the world’s leading trade fair organizers. Every year over 30,000 exhibitors and around two million visitors take part in the events on the exhibition site, in the ICM – International Congress Center Munich and in the MOC Veranstaltungscenter München. Messe München also organizes trade fairs in China, India, Turkey, South Africa and Russia. With a network of affiliated companies in Europe, Asia and Africa and with more than 60 foreign agencies for more than 100 countries, Messe München has a global presence.