TRAXIÓN Announces Second Quarter 2021 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 million Mexican Pesos (MXN), unless otherwise stated.

 

  • Consolidated revenue reached Ps. 4,222 million, a 28.8% growth compared to 2Q20. This is mainly due to increases in operating volumes in our traditional businesses and to the expansion of the logistics and technology segment.

  • Consolidated EBITDA was Ps. 850 million, a 13.6% increase compared to the same period of 2020.

  • EBITDA margin was 20.1%, compared to 22.8% in 2Q20.

  • General expenses grew 13.2%, with a 206 basis-point reduction as a percentage of revenues, compared to 2Q20.

  • Net income totaled Ps. 243 million, a 60.9% increase compared to 2Q20.

  • Operating cash flows reached Ps. 705 million, a 19.1% growth compared to the same period of 2020. 

  • CapEx in 2Q21 was Ps. 537 million, compared to Ps. 62 million in 2Q20.

  • The net debt-to-EBITDA ratio was 1.5x, compared to 1.8x in 2Q20.

  • Average fleet in operation was 8,704 units.

  • In June, TRAXIÓN released its second integrated report, with both financial and non-financial information from 2020. To access the report, please click on the following link: https://traxion.global/docs/II20.pdf

 

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. TRAXION’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 niches of the sector. TRAXION was founded in 2011 and ended 2Q21 with an average fleet of 8,704 power units, 600,593 square meters (6.5 million sq. ft.) of warehousing space, national reach, more than 1,000 clients, and more than 17,000 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.
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 5 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 4.9 years and an average of 2,305 power units at the end of 2Q21.
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 2Q21, it operated more than 600,593 square meters of 3PL warehouse, and a last-mile fleet of 799 units.
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 5,600 motor units at the end of 2Q21.
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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