Investor Presentation

December 2010

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Grupo TMM is…

Maritime 66%

Logistics 26%

Ports 8%

Revenues

…one of the largest integrated logistics and transportation companies in Mexico, providing

Maritime servicesLand transportation servicesIntegrated logistics servicesPorts and terminals management

…to international and domestic clients throughout Mexico

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Investment Highlights

Excellent brand name and reputation across all divisions

Increased demand for exploration and distribution services within Mexico requires new generation of higher-rated and deeper-water capabilities

Mexican Navigation Law favors Mexican-flagged vessels

Improved debt profile through debt restructure

Strong, long-standing customer relationships and reputation for providing quality operations

Operating stability supported by fixed cash flows from medium and long-term period charters with quality counterparties

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TMM’s Maritime Fleet

Product Tankers

Pacific Coast & Gulf of Mexico

Harbor TowageManzanillo

Fleet: 3231 owned

1 time-charter

Chemical Tankers

Gulf of Mexico inter-coastal services

Fleet: 65 owned

1 time-charter

Fleet: 5All owned

Fleet: 32 owned

1 time-charter

Offshore VesselsSound of Campeche

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TMM’s Maritime Fleet

Offshore Vessels

Transport dry and liquid cargo from port terminals to offshore facilities

Anchor handling tug vessels

Fire fighting vessels, four-point mooring vessels, one process vessel

Crew to transport personnel and light cargo

Product Tankers

Transport of petroleum products mainly for Pemex Refinación under cabotage trades since 1992

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TMM’s Maritime Fleet

Harbor Towage

Sole provider of harbor towing services at Port of Manzanillo since January 1997

Services approximately 1,700 vessels per year

Main clients: Maersk, CSAV, NYK, MSC, Hapag-Lloyd, Pemex

In 2006 concession renewed for 8 years until January 2015

Chemical Tankers

Transport of chemicals, vegetable oils and molasses in Gulf of Mexico

More than 90% of cargo transported under COA

Main customers: Celanese Mexicana, Dow Chemical, Petrocel

Dedicated facilities: Houston, Coatzacolacos, Mexico City

Houston

Altamira

Veracruz Coatzacoalcos

Houston

Altamira

VeracruzCoatzacoalcos

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Ports and Terminals

Port of Acapulco

25-year concession since 1996

Operation and management of cruise ship terminal

Automobile terminal and warehouse for exports and imports

Shipping Agencies

Port agent and cargo supervision

Brokerage

Chartering and Bunkering

Tuxpan

Operation of multipurpose terminal

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Ports and Terminals

Tampico

Stevedoring services for general cargo

TuxpanOperation of multipurpose terminal

Maintenance and Repair of containers

Terminals in Veracruz, Manzanillo, Mazatlán, Altamira, Ensenada, Aguascalientes and Mexico City

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TMM Logistics

Integration of full intermodal

transportation infrastructure

Dedicated logistics trucking services

to major manufacturers and retailers throughout Mexico

Expanded integrated supply chain products for retail and manufacturing

3PL and 4PL logistics

Warehouse and auto hauling services

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Third Quarter 2010Financial Results

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October 29, 2010

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Included in this presentation are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; the ability of the Company to reduce corporate overhead costs and the ability of management to manage growth and successfully compete in new businesses. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.

Forward-Looking Statements

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Q3 2

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On Today’s Call

José Serrano, Chairman and CEO

Jacinto Marina, Deputy CEO

Carlos Aguilar, CFO

Luis Ocejo, Maritime

Roberto Martínez, Ports and Terminals

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Consolidated Financial Results*Revenue and Operating Profit

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Q3 2009

Q3 2010

9M 2009

9M 2010

$0

$50

$100

$150

$200

$250

$74.6 $74.8

$229.1 $231.4

Q3 2009 Q3 2010 9M 2009

9M 2010

$0

$5

$10

$15

$20

$25

$30

$3.8$8.4

$14.8

$26.8

+121.0%

+81.1%

+1.0%+0.3%

Revenue

Operating Profit

*Millions of U.S.$

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Consolidated Financial ResultsOperating Margin

5

2009 20100%

2%

4%

6%

8%

10%

12%

5.1%

11.2%

+5.1percentage

points

+6.1percentage

points

2009 20100%

2%

4%

6%

8%

10%

12%

14%

6.5%

11.6%

Third Quarter First Nine Months

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Consolidated Financial Results*EBITDA

6

2009 2010$0

$5

$10

$15

$20

$25

$16.0

$22.2

+39.5%+38.7%

2009 2010$0

$20

$40

$60

$80

$43.9

$67.4

$4.4

Third Quarter First Nine MonthsGain on sale of assets

*Millions of U.S.$

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Offshore and Product TankerData Snapshot

Q3 09 Q3 10

Revenue Available Days

2,568 2,335

Average Vessels 29 32

Utilization 96.5% 79.3%

Q3 09 Q3 10

Revenue Available Days

497 619

Average Vessels 6 7

Utilization 90.0% 99.5%

Offshore Fleet

Product Tanker Fleet

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*Q3 2010 offhire days: Offshore fleet 609 days and product tanker fleet 3 days

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TMM’s Maritime Fleet

Product Tankers

Pacific Coast & Gulf of Mexico

Harbor TowageManzanillo

Fleet: 32

Chemical Tankers

Gulf of Mexico inter-coastal services

Fleet: 6 Fleet: 5 Fleet: 3

Offshore VesselsSound of Campeche

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Contract backlog of approximately $308.9 million

Q3 2

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Maritime’s Financial Results*Revenue and Operating Profit

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Q3 2009

Q3 2010

9M 2009

9M 2010

$0

$30

$60

$90

$120

$150

$180

$49.2 $51.1

$151.3 $153.4

Q3 2009 Q3 2010 9M 2009

9M 2010

$0

$10

$20

$30

$40

$50

$14.0 $14.9

$39.1 $43.9

+6.4% +12.3%

+1.4%+3.9%

Revenue

Operating Profit

*Millions of U.S.$

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Maritime’s Financial ResultsEBITDA and EBITDA Margins

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Q3 2009 Q3 2010 9M 2009

9M 2010

$0

$20

$40

$60

$80

$23.2 $25.8

$65.6$75.9

Q3 2009

Q3 2010

9M 2009

9M 2010

0%

10%

20%

30%

40%

50%

60%

47.1% 50.5%43.4%

49.5%

+3.4percentage

pts

+6.1percentage

pts

+15.7%

+11.2%

EBITDA*

EBITDA Margin

*Millions of U.S.$

Q3 2010 run rate of $103.2 million

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Maritime’s Financial Results

Chemical Tankers $5.5

Tugboats$3.0

Product Tankers $10.5

Offshore Vessels $32.1

Q3 2010 Revenue

OffshoreIncreased revenue due to price adjustmentsUnchanged gross profit due to three unemployed vessels

Product tankersRevenue and profit increaseAll vessels working with contracts

Chemical tankersGross profit increase More efficient routes

Harbor towageIncreased vessel calls at Manzanillo

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Ports and Terminals’ Financial Results*Revenue and Operating Profit

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Q3 2009 Q3 2010 9M 2009

9M 2010

$0

$4

$8

$12

$16

$20

$3.9 $5.5

$12.2

$17.4

Q3 2009 Q3 2010 9M 2009 9M 2010$0

$1

$2

$3

$4

$5

$0.2$1.0 $0.6

$4.4

+5x +7.3x+42.6%

+41.0%

Revenue

Operating Profit

*Millions of U.S.$

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Ports and Terminals’ Financial ResultsAcapulco

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9M 2009 9M 20100

20

40

60

80

100

120

54

100

+350.6%+85.2%

Cruise Ship Calls

Automobiles Handled

9M 2009 9M 20100

10,000

20,000

30,000

40,000

50,000

9,679

43,614

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Ports and Terminals’ Financial Results*Maintenance and Repair

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9M 2009 9M 2010$0

$1

$2

$3

$4

$5

$6

$3.8

$5.3

+63.6%+39.5%

Revenue Gross Profit

9M 2009 9M 2010$0.0

$0.4

$0.8

$1.2

$1.6

$2.0

$1.1

$1.8

*Millions of U.S.$

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Logistics’ Financial Results

Revenue down 15.8% in Q3 and down 7.8% in 9M 2010 year over year

Revenue reduced from sale of assets in April 2010

Revenue up at Warehousing and Auto hauling

Reduced operating losses in 2010 periods

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Total Net Debt*

Peso-denominated debt impacted by $14.8 million from appreciation of Peso vs. Dollar

Cash position increased $22.3 million, net

Of total debt, only 2.5%, or $21.4 million, is short-term

As of 6/30/10

As of 9/30/10

Mexican Trust Certificates**

$691.4 $759.1

Securitization Facility $16.0 $12.3

Other Corporate debt $82.4 $71.0

TOTAL DEBT $789.8 $842.4

Cash $85.0 $107.3

NET DEBT $704.8 $735.1

Exchange Rate:• 12.84 pesos/dollar at 6/30/10• 12.60 pesos/dollar at 9/30/10

*All numbers millions US$** 20 year term and non-recourse to Company

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Third Quarter Accomplishments

Active asset management

Improved debt profile

Tight cost control efforts

Restricted share plan for executive officers and management

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TMM’s 5-year Growth Strategy

Increase penetration in Mexican ports

o Tuxpan - uniquely positioned property for container and liquid terminal for oil products

Add new vessels to TMM’s fleet

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