TRAXIÓN Announces First Quarter 2021 Results

• Consolidated revenue totaled Ps. 3,993 million, a 25.4% growth compared to 1Q20, mainly due to increases of 116.2% and 18.3% in revenues from the logistics and technology and mobility of personnel segments, respectively.

• Consolidated EBITDA¹ reached Ps. 801 million, a 24.7% growth versus the same period of 2020.

• EBITDA margin was 20.1%, compared to 20.2% in 1Q20.

• Total cost to revenue ratio was 70.9%, a 30 basis-point reduction.

• General administrative expenses grew 15.8%, as a percentage of revenue, this amounted to a 150 basis-point improvement compared to 1Q20.

• Net income stood at Ps. 197 million, a 52.1% growth versus 1Q20. 

• Net Cash Flow from Operating Activities totaled Ps. 551 million, a 15.1% increase compared to the same period of 2020.

• CapEx was Ps. 389 million in 1Q21.

• Net debt to EBITDA ratio was 1.49x, compared to 1.93x in 1Q20.

• Average fleet in operation was 8,431 units.²

• Starting in 1Q21, TRAXIÓN now reports its Logistics and Technology segment separately, showing logistics business lines independently from cargo.

¹EBITDA is calculated as operating income, plus depreciation and amortization.
²Includes last-mile fleet units consisting of 62 trucks, 496 light trucks, 43 cars and 148 motorcycles.

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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 1Q21 with an average fleet of 8,431 power units, 532,389 square meters (5.8 million sq. ft.) of warehousing space, national footprint, more than 1,000 clients, and more than 16,600 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, having a diversified, premium

Mobility of Cargo 

This segment provides integrated solutions of cargo. Amongst the services rendered are dedicated freight, truckload, less-than-truckload, intermodal, refrigerated freight, petrochemicals and specialized transportation, border transfers, 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 4.8 years and an average of 2,182 power units at the end of 1Q21.

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, among other. At the end of 1Q21, it operated more than 532,389 square meters of 3PL warehouse, and a last-mile fleet of 749 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 5,500 motor units at the end of 1Q21.

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