Grupo TMM SAB Files 20-F for FY 2023

TL;DR

TMM SAB dropped its 20-F for 2023 - check financials for transport/logistics biz.

AI Summary

Grupo TMM SAB, a Mexican transportation and logistics company, filed its 20-F for the fiscal year ending December 31, 2023. The filing provides financial information and business updates for the company, which operates in the deep sea foreign transportation of freight sector. Specific financial figures and operational details are contained within the full report.

Why It Matters

This filing provides investors and analysts with crucial financial and operational data for Grupo TMM SAB, enabling informed investment decisions and market analysis.

Risk Assessment

Risk Level: medium — As a foreign private issuer, the 20-F filing is standard, but the specific financial health and operational risks of Grupo TMM SAB would require a deeper dive into the report's content.

Key Numbers

• 2023 — Fiscal Year End (The period covered by the 20-F filing.)
• 20240801 — Filing Date (The date the 20-F was submitted to the SEC.)

Key Players & Entities

• GRUPO TMM SAB (company) — Filer of the 20-F report
• 0001163560 (company) — Central Index Key for Grupo TMM SAB
• 20231231 (date) — Fiscal year end date
• 20240801 (date) — Filing date

FAQ

Key Financial Figures

• $ — In this Annual Report, references to "$," "Ps," "Mx. pesos," "Pesos" or "pesos"

Filing Documents

• ef20015335_20f.htm (20-F) — 5053KB
• ef20015335_ex2-5.htm (EX-2.5) — 73KB
• ef20015335_ex8-1.htm (EX-8.1) — 12KB
• ef20015335_ex12-1.htm (EX-12.1) — 7KB
• ef20015335_ex12-2.htm (EX-12.2) — 8KB
• ef20015335_ex13-1.htm (EX-13.1) — 4KB
• ef20015335_ex13-2.htm (EX-13.2) — 4KB
• image0.jpg (GRAPHIC) — 50KB
• 0001140361-24-035330.txt ( ) — 22009KB
• gtmay-20231231.xsd (EX-101.SCH) — 142KB
• gtmay-20231231_cal.xml (EX-101.CAL) — 117KB
• gtmay-20231231_def.xml (EX-101.DEF) — 581KB
• gtmay-20231231_lab.xml (EX-101.LAB) — 1435KB
• gtmay-20231231_pre.xml (EX-101.PRE) — 836KB
• ef20015335_20f_htm.xml (XML) — 5297KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No TABLE OF CONSENTS PAGE PART I 5 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 5 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 5 ITEM 3. KEY INFORMATION 5 ITEM 4. INFORMATION ON THE COMPANY 25 ITEM 4A. UNRESOLVED STAFF COMMENTS 47 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 47 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 61 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 66 ITEM 8. FINANCIAL INFORMATION 67 ITEM 9. THE OFFER AND LISTING 69 ITEM 10. ADDITIONAL INFORMATION 70 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 83 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 85 PART II 86 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 86 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 86 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 86 ITEM 16. [RESERVED] 87 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 87 ITEM 16B. CODE OF ETHICS 87 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 87 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 88 ITEM 16E. PURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 88 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 88 ITEM 16G. CORPORATE GOVERNANCE 88 ITEM 16H. MINE SAFETY DISCLOSURES 88 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 88 ITEM 16J. INSIDER TRADING POLICIES 88 ITEM 16K. CYBERSECURITY 88 PART III 90 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 90 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 91 ITEM 19. EXHIBITS 92 Table of Contents Grupo TMM, S.A.B. and Subsidiaries Introduction In this Annual Report, references to "$," "Ps," "Mx. pesos," "Pesos" or "pesos" are to Mexican pesos and references to "US$," "U.S. dollars," "Dollars" or "dollar" are to United actually represent such Peso amounts or could be converted into Pesos at the rates indicated or at any other rate. In this Annual Report on Form 20-F except as otherwise provided, references to "we," "us," "our" and "Company" mean Grupo TMM, S.A.B. and its consolidated subsidiaries, and "Grupo TMM" means "Grupo TMM, S.A.B." Presentation of Financial Information Our financial statements are reported in Mexican pesos and prepared in conformity with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB"). The financial information included in this Annual Report was approved by the Board of Directors on August 1, 2024. Market and Industry Data This Annual Report includes certain market and industry data and projections obtained from official government bodies, industry publications and surveys, public filings, and internal company sources. The third-party materials from which these data and projections were obtained generally state that the information included therein was collected from sources believed to be reliable, but we cannot provide any assurance as to the accuracy or completeness of such information, which we have not independently verified. While we are not aware of any misstatements regarding any market or industry data and projections presented in this Annual Report, such data and projections involve risks and uncertainties and are subject to change based on

forward-looking statements involve risks and uncertainty

forward-looking statements involve risks and uncertainty. The following factors, among others described in this Annual Report, could cause actual results to differ materially from such forward-looking statements: our ability to generate sufficient cash from operations to meet our obligations, including the ability of our subsidiaries to generate sufficient distributable cash flow and to distribute such cash flow in accordance with our existing agreements with our lenders and strategic partners and applicable law; Mexican, U.S. and global economic, political and social conditions; uncertainties related to the ongoing conflict between Russia and Ukraine, including the extent and duration of shortages in the supply of key raw materials, commodities and products; conditions affecting the international shipping and transportation markets or the oil and gas industry; uncertainties concerning the continuing COVID-19 pandemic and related governmental responses; conditions resulting from future pandemics, epidemics or other outbreaks of infectious diseases and governmental responses thereto; our ability to reduce corporate overhead costs; 4 Table of Contents the availability of capital to fund our expansion plans; our ability to utilize a portion of our current and future tax loss carryforwards ("Net Operating Losses" or "NOLs"); changes in fuel prices; changes in legal or regulatory requirements in Mexico or the United States; market and interest rate fluctuations; competition in geographic and business areas in which we conduct our operations; the adverse resolution of litigation and other contingencies; the ability of management to manage growth and successfully compete in new businesses; the ability of the Company to diversify its customer base; and the ability of the Company to repay, restructure or refinance its indebtedness. Readers are urged to read this entire Annual Report including, but not limited to, the section entitled "Risk Factors," an

View Full Filing

View this 20-F filing on SEC EDGAR