TRAXIÓN Announces First Quarter 2022 Results

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The figures presented in this report have been prepared in accordance with International Financial Reporting Standards (IFRS) and are expressed in nominal millions of Mexican Pesos (MXN), unless otherwise stated.

  • Consolidated revenue totaled Ps. 4,520 million, a 13.2% growth compared to 1Q21.
  • The logistics and technology segment recorded an 18.7% growth compared to 1Q21 and represented 27.8% of consolidated revenues.
  • Technology platforms TRAXPORTA and TRAXIÓN Logistics (4PL) grew revenues 86.2% in aggregate, compared to 1Q21.
  • General expenses decreased Ps. 100 million pesos, a 14.4% reduction compared to 1Q21, which represents an efficiency of 425 basis points as a percentage of revenues.
  • Consolidated EBITDA totaled Ps. 845 million, a 5.5% growth compared to the same period of 2021.
  • EBITDA margin was 18.7%, compared to 20.1% in 1Q21.
  • Net income reached Ps. 201 million, compared to Ps. 197 million in 1Q21.
  • Net operating cash flow totaled Ps. 642 million, a 16.7% growth compared to the same quarter of 2021.
  • CapEx in 1Q22 was Ps. 651 million, in line with the company’s investment plan for 2022.
  • Average fleet in operation was 9,408 units.
  • 3PL warehouse area reached more than 607,000 sqm, a 14.0% growth compared to 1Q21.
  • Regarding ESG, during 1Q22 TRAXIÓN started reporting information on Bloomberg’s ESG platform.
  • On March 17, TRAXIÓN announced the execution of an agreement to acquire MEDISTIK, one of the most important 4PL companies that provides logistics solutions for medicine and medical accessories, through an asset light approach and with a leading position in a resilient industry. MEDISTK offers highly specialized services and has a leadership position with more than 25 years of experience in the sector. The transaction is subject to regulatory approvals, which TRAXIÓN expects to obtain shortly.

 

Miranda Newswire – Full Press Release: Download PDF

  

Investor Relations Contact Details

Antonio Tejedo

E-mail: a.tejedo@traxion.global  

Elba Salcedo

E-mail: e.salcedo@traxion.global

Tel: +52 55 5046 7900 ext. 3215

 
About the Company
TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXIÓN’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 7 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 1Q22 with an average fleet of 9,408 power units, 607,021 square meters of warehousing space, national reach, more than 1,000 clients, and over 17,400 employees. TRAXION’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies, and having a diversification premium.
Logistics and Technology
Through this segment, TRAXIÓN provides logistics solutions across the supply chain using digital platforms and technology-driven applications. Among the services rendered are integrated 4PL logistics solutions, 3PL warehouse management, last-mile, courier and delivery services, and cargo brokerage. At the end of 1Q22, it operated more than 607,021 square meters (6.3 million sq. ft.) of 3PL warehouse, and a last-mile fleet of 808 units.
Mobility of Cargo 
This segment provides integrated cargo solutions. Amongst the services rendered are dedicated freight, truckload, less-than-truckload, intermodal, refrigerated freight, petrochemicals and specialized transportation, border transfers, and moving and relocation services. TRAXION operates 6 leading and recognized brands: Transportadora EGOBA, Muebles y Mudanzas MYM, Grupo SID, Auto Express Frontera Norte, and Autotransportes El Bisonte. The Company operates one of the youngest, most modern, and flexible fleets in the industry, with an average age of 4.8 years and a total of 2,252 power units at the end of 1Q22.
Mobility of Personnel
The mobility of personnel segment provides personnel transportation services to corporations, industrial parks, and hotels, as well as student transportation to schools and universities, and tourism services to groups. Through its subsidiary LIPU, TRAXIÓN operates a centralized platform under dedicated contracts or spot service and the largest and most modern fleet in Mexico composed of an average of 6,348 power units at the end of 1Q22.
Disclaimer
The information disclosed in this press release may contain statements with estimates regarding the future of Grupo Traxión, S.A.B. of C.V. and its subsidiaries (collectively “Traxión” or the “Company”), which are not historical facts and represent the current opinion of the Traxión administration based on the information available to the Company. Such statements are subject to certain risks and factors made based on assumptions. The words “anticipated”, “believe”, “estimate”, “expect”, “plan”, and other similar expressions, related or not with the Company, seek to give estimates or forecasts. Different factors may cause the results implicit in the statements to be materially different with respect to any future result or event of, or related to, Traxión that may be included expressly or implicitly within said statements. Also, if the assumptions used in the statements turn out to be incorrect, the actual results may vary materially from those described herein as anticipated, believed, estimated or expected. Traxión assumes no obligation to update the statements or information presented within this release.

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