GRUPO TRAXION

CORPORATE PRESENTATIONMARCH 2020

DISCLAIMER

2

The information contained in this document is strictly confidential and is subject to the provisions established in the Securities MarketLaw regarding the obligations of confidentiality and disclosure or transfer of privileged information. This document can be used exclusivelyby the receiver as an investor or possible investor of Grupo Traxion, S.A.B. of C.V. ("Traxion"), otherwise, the information contained in thisdocument may not be disclosed without the prior authorization of Traxion.

Certain information included in this document may contain certain future statements and information that reflects plans, objectives,expectations, estimates, and intentions. Derived from several risks and uncertain future events, the fulfillment of the same could differmaterially from what is mentioned in said forward-looking statements and information that reflects plans, objectives, expectations,estimates, and intentions. Neither Traxion nor any of its affiliates, directors, officers, agents or employees shall be liable to third partiesfor any investment, business decision or actions taken based on the information and statements contained in this document.

59%

41%

Products and Goods People

MOBILITY SERVICES

CARGO AND LOGISTICS PERSONNEL AND STUDENT TRANSPORTATION

Cargo and logistics services through the entiretransportation supply chain

Corporate and industrial personneltransportation, student transportation and

charter services

SERVICES PORTFOLIO

REVENUE BREAKDOWN

3

SUPERIOR EXECUTION CAPABILITIES

Fleet: +8,170 Power Units

+430,200 sqm3PL logistics area

+1,000 Clients

7Highly-renowned brands

+65 HectaresManeuvering yards and terminals

22 Operating terminals

19 Confinements

12Operational and comercial centers

MANUFACTURE

SUPPLIER

CUSTOMS/PORTS

INTERNATIONALCARGO

INTERMODAL CARGO

STORAGE DISTRIBUTION RETAIL/E-COMMERCE CONSUMER

MANUFACTURER CUSTOMS/PORTS

DOMESTIC CARGO LOGISTICS

WAREHOUSE MANAGEMENT

“HARD TICKET” AND MOVING

LAST MILE

DISTRIBUTION CENTER

RETAIL

E-COMMERCE

CONSUMER

INFRASTRUCTURE (2019)

▪ 2,191 trucks and thortons

▪ 621 last-mile units

▪ +4,400 trailers: dry, refrigerated, hoppersand platforms

▪ 430,225 SQM 3PL Logistics warehousespace

CARGO & LOGISTICS

MOBILITY OF PRODUCTS AND GOODS

4

FREIGHT SERVICES

▪ Dry truckload

▪ Refrigerated

▪ Intermodal

▪ Border transfers

▪ Specialized: petrochemicalsand other materials

▪ Platforms & lowboys

▪ Relocation and moving

▪ 3PL warehouse management

▪ Distribution

▪ Less-Than-Truckload

▪ Last mile

▪ Courier and packaging

▪ Forwarding

LOGISTICS SOLUTIONS

BRANDS CERTIFICATIONS

Leading player both national and regional, with the largest footprint and infrastructure in Mexico

SERVICES

▪ Personnel transportation

▪ Student transportation

▪ Charters

BRANDS

Pioneer and innovator of the personnel and student transportation industry in Mexico

CERTIFICATIONS FLEET

2019

2018

2017

2016 3,399

3,833

4,039

5,364

Corporate staffManufacturing personnelService personnel

Students

Charters

Corporate officesIndustrial parks and manufacturing hubsHotels, resorts and communities

Schools and universities

Private-group trips

PERSONNEL TRANSPORTATION

STUDENT TRANSPORTATION

CHARTERS

COMPETITIVE ADVANTAGES

▪ +65 years of experience in the market through different brands

▪ State-of-the-art technological platform

▪ +500,000 people transported daily

Ranking Super Companies: in process ofcertification with Top Companies

PERSONNEL & STUDENT TRANSPORTATION

MOBILITY OF PEOPLE

5

INNOVATION ANDTECHNOLOGY

SUSTAINABLE GROWTH SCALE EFFICIENCY ANDPROFITABILITY

TRANSPARENCY ANDINSTITUTIONALIZATION

TRAXION…

… is the first consolidator in a

highly fragmented industrydominated by family-ownedcompanies

… operates in a sector withstrong fundamentals and growthpotential

+ Accelerated growth in recent

years through:

▪ Solid capital structure;

▪ Profitable and effectiveinvestment process

+ Also…

▪ EBITDA CAGR: ’17 - ’19: 42%

▪ Fleet growth: ’11 - ’19: 27x

TRAXION has:

▪ State-of-the-art, tailoredsupport systems focused onefficiency and profitability

▪ Internally-developed systems

• 24/7 monitoring andtracking

• Telemetry and informationsystems for continuousimprovement and training

• Commercial intelligence

• Operational intelligence

• Optimal fleet maintenance

TRAXION…

… has a diverse and flexible fleet,+2.5x larger than that of thenext competitor

… operates more than 430,200sqm of 3PL logistics warehouse

… has a diverse customer base ofmore than 1,000 clients with astrong presence in severalindustries and various regionswith strong economic indicators

… has a workforce of more than15,390 employees

TRAXION…

… is able to generate anoperating leverage, driven bypurchasing power, capacity andvolume

… has a long-term, continuousand sustainable synergiesapproach

… has a proven business modelwith a successful acquisition andintegration track-record

… has maintained and improvedits operating margins duringeconomic cycles

TRAXION…

… has an entrepeneurial andinnovative team with superiorexecution capabilities

… was created as an institutionalcompany

… is the only company in theindustry backed by two privateequity funds

… is the first transportationcompany to develop a best-practices approach

… is the first and only companyof its kind to carry out an InitialPublic Offering in financialmarkets

6

WHY INVEST IN TRAXION?

1,259

1,785

2,553

2017 2018 2019

337

442 451

2017 2018 2019

434

1,064

2,102

2017 2018 2019

7,072

9,403

12,157

2017 2018 2019

OPERATING CASHFLOW NET INCOME

7

REVENUE EBITDA

CAGR ‘17-’19: 31.1% CAGR ‘17-’19: 42.4%

CAGR ‘17-’19: 120.1% CAGR ‘17-’19: 15.7%

Figures in million pesos (MXN)

PROFITABLE GROWTH

17.8%

19.0%

21.0%

TRAXION EBITDA Margin

FAVORABLE DEMOGRAPHIC PROFILE

MANUFACTURING AND INDUSTRIAL ACTIVITY

Installedmanufacturing

capacity

Demographic bonus

Emerging middle-class

Geographic location

Qualified and skilledworkforce

Employment level

Drives Internal

Consumption

AttractiveInvestmentDestination

Women Men

DEMOGRAPHIC PYRAMID1 – Mexico

65.2% of thepopulation isbetween 15 and 65 years

old

450.6

239.7

75.5 61.6 48.9 41.8

México Brasil Chile Argentina Perú Colombia

1.9x

EXPORTS 20182 – Billion USD

POSITIVE GROWTH PROSPECTS

>85

1 INEGI2 World Trade Organization 8

Year

s

Source: Transportation Minisitry (SCT)

TRAXION is the leading company in a sector trending towards intitutionalization and high growth

194 199 206 215 221 232

226 235 245 260 273 290

123 127 133 143 152 162186 202 222246

272299

2013 2014 2015 2016 2017 2018

3 3 3 3 4

7 7 7 7 7

11 12 12 12 13

27 27 29 3234

2014 2015 2016 2017 2018

LARGE COMPANIES HAVE SHOWN GREATER GROWTH… …IN A KEY SECTOR TO MEXICO´S ECONOMY

729 763806

865917

983

48 49 5155

CARGO TRANSPORTATIONThousand of power units

PASSENGER TRANSPORTATIONThousand of power units 58

10.0%

5.6%

5.2%

3.6%

CAGR ’13 -’18

6.2%

Owner-operator(1-5 units)

Small companies(6-30 units)

Medium companies(31-100 units)

Large companies(>100 units)

6.3%

3.1%

1.5%

5.7%

CAGR ’14 -’18

3.9%

▪ The transportation industry in Mexico represents 5.6% of GDP

▪ Within the industry, cargo and passenger transportation are the most relevant

Cargo transportation

50.7%

Passenger transportation

31.8%

Services7.7%

Air3.2%

Rail3.1%Maritime

1.2%Pipeline1.2%

Storage and refrigeration

1.2%

▪ Contribution to GDP is lower in other countries:

➔ 4.6% of GDP

➔ 3.0% of GDP

➔ 5.0% of GDP

9

SECTOR WITH SOLID FUNDAMENTALS AND POSITIVE OUTLOOK

Constant innovation

Initiatives plan

Best practices

Robust platform

Investment in technology

BASIC FOUNDATIONS SUPPORT SYSTEMS

Efficient fleet management

Telemetry and safety protocols

Constant tracking and monitoring

Commercial and businessintelligence

Commercial and administrative support

RESULTS

EFFICIENCY

PROFITABILITY

CLIENT SATISFACTION

+ Internally-developed systems

+ Tailored support systems

▪ Business management

▪ Commercial inteligence

▪ Telemetrics

▪ 3PL logistics & warehousemanagement

10

STATE-OF-THE-ART TECHNOLOGICAL PLATFORM

1,000,000

430,225 400,000

322,000 320,000 300,000

215,000 200,000 190,000 170,000

The size and volume of TRAXION’S operations allow for economies of scale, ensure the continuity of the sinergies plan and guarantee long-term efficiency

1 Source:TRAXION Quarterly Earnings Release 4Q19 & 2019: ; Senda: Company information , as of June 30, 2017; Grupo Transportes Monterrey: Magazine T21, as of December 20182 Source : Integration Mexico; TRAXION space as of December 31st, 2019 11

THE TRAXION FLEET IS SIGNIFICANTLY GREATER THAN THAT OF ITS NEAREST COMPETITORS

Power units1

TRAXION IS ONE OF THE LARGEST 3PL LOGISTICS OPERATORS IN MEXICO

SQM 3PL logistics warehouse space2

2,191 2,199

5,364

1,887

621

TRAXIÓN Transportes Monterrey Grupo Senda

Cargo Fleet Personnel Transportation Fleet Last-Mile Fleet

8,176

2,1991,887

THE SCALE OF TRAXION

Figures as of December 2018

36%

23%

19%

6%

6%

6%4%

Retail

Auto

Industrial

Education

Electronics

Government

Other

Top 1026%

Top 2038%

Top 3046%Top 40

52%

Top 5057%

Other43%

INDUSTRY BREAKDOWN CLIENT CONCENTRATION

67

2723 23 23 22 21 20

1 2 3 4 5 6 7 8

THE SCALE AND DIVERSIFICATION OF TRAXION´S CLIENT BASE RESULTS IN A BUSINESS MODEL RESILIENT TO VOLATILE ECONOMIC CYCLES

WORLD-CLASS CLIENTS… …WITH LONG-LASTING RELATIONSHIPS

Average: 26 years

SEARS WALMART

% of revenue

12

EXTENSIVE AND DIVERSE CLIENT BASE

TRAXION HAS A BUSINESS MODEL FOCUSED ON EFFICIENCY AND PROFITABILITY

TRAXION has an investment and follow-up process that guarantees the CapEx profitability at all times

CAPEX ANALYSIS

MONITORING, WITHDRAWAL AND FLEET REALLOCATION

MONITORING of the approved CapEx

performance

Key metrics:

Revenue EBITDA ROIC IRR

WITHDRAWAL of non-profitable clients that

don´t comply with the profitability metrics of theCompany

REALLOCATION of the fleet to more profitable

clients

▪More kilometer volume with virtually the same fleet size

▪ Revenue per kilometer has consistently grown many times more than cost per revenue

GREATER PRODUCTIVITY AND EFFICIENCY

Thorough CapEx allocation process to maximize profitability:

▪ Clear, predetermined parameters for quoting and pricing ofnew business opportunities

▪ CapEx approval through the CapEx Committee, depending on:

• Internal Rate of Return (IRR) >20%

• Return on Invested Capital (ROIC) >14%

New Client / Business Opportunity

Contract Drafting / Pricing Process

Analysis from CapEx Committee

ROIC IRR

CAPEX APPROVAL FOR CLIENT

1 Average fleet for the period; kilometer volumen in million kilometers; revenue and cost in pesos (MXN)2 2019 fleet includes 485 units from Bisonte and 76 units from Roncalli, both acquired in October 2018. 13

Segmento de Carga1 2017 2018 20192 CAGR 4Q17 4Q18 4Q19 CAGR

Average Fleet 1,570 1,543 2,191 +18.1% 1,596 2,103 2,192 +17.2%

Kilometer Volume 172.9 189.3 253.7 +21.1% 42.5 59.0 64.5 +23.2%

Avg. Revenue / km. 19.58 21.55 21.92 +5.8% 20.39 22.83 21.45 +2.6%

Avg. Cost / km. 14.95 15.63 15.97 +3.4% 15.56 16.84 15.86 +1.0%

The Shared-Services Center ensures a sustainable long-term synergies plan

FRONT

BACK

SHARED-SERVICES CENTER

Effective corporate structureBack-office and administrative

processes centralizationImproved procurement

conditions

Shared infrastructure in offices, terminals, yards and

maintenance shops

High cross-selling potentialacross services and

subsidiaries

14

SHARED-SERVICES CENTER

TRAXION was founded in 2011 and has had solid institutional infrastructure, with the support of Discovery Americas and Nexxus Capital, two of the leading private equity funds in Mexico

ABY LIJTZSAIN – Executive President

▪ +21 years of experience

▪ Founded TRAXION in 2011

▪ Founded Transportes LIPU in 1998,pioneer in personnel and studenttransportation, and created the largestcompany in Mexican transportationsector.

▪ Led the capitalization processes ofDiscovery Americas and Nexxus Capital

▪ Has a track record of acquiring andintegrating more tan 15 companies

▪ Responsible for executing the TRAXIONbusiness plan with a 100% strategicapproach, leading planning, new-business development, and supervisingthe capital deployment

▪ Certified Public Accountant fromInstituto Tecnológico Autonomo deMexico

RODOLFO MERCADO - CEO

▪ +20 years of experience

▪ COO of SETTEPI from 1994 to 2014

▪ COO of LIPU from 2014 to 2016

▪ COO of TRAXION from 2016 to 2018

▪ Responsible for the Company´sexpansion and development plans

▪ 100% operational vision andmanagement, with a focus onprofitability and sustainable growth

▪ Certified Public Accountant withdiploma in senior management fromInstituto Tecnológico de EstudiosSuperiores de Monterrey

WOLF SILVERSTEIN – CFO

▪ +12 years of experience

▪ CFO of LIPU since 2013; held otheradministrative and operative positionssince 2007.

▪ Led the implementation of the Shared-Services Center of LIPU

▪ Actively participated in thecapitalization processes of DiscoveryAmericas and Nexxus Capital and playeda fundamental role in the Initial PublicOffering process of TRAXION

▪ 100% operational vision and focus onefficiency and performance

▪ Bachelor of Arts and BusinessAdministration from UniversidadIberoamericana and Master in Financeby Instituto Tecnológico de EstudiosSuperiores de Monterrey

15

SOLID CORPORATE GOVERNANCE GUIDELINES AND A MANAGEMENT TEAM WITH SUPERIOR EXECUTION CAPABILITIES

DIVERSIFIED SHAREHOLDERS´BASE POSITIVE PERSPECTIVE

Research Coverage

RECOMMENDATIONS AND REMARKS ABOUT TRAXION

“Traxion has a positive outlook with defined grow th

avenues and a clear strategy of leveraging its services

through cross selling and efficiencies from economies of

scale”

“In our opinion, the company should continue to make

progress and prove quarter after quarter that its

business model creates value in the long term. As of

now, we believe that Traxion is well positioned to take

advantage of a fragmented industry”

“Traxion has a low to the current political risks;

however a pressing concern could be the gasoline price

policy that the federal government will pursue,

nonetheless, we believe the company is well prepared for

any near-term changes in this regard”

MOST RECENT DATE TARGET PRICE RECOMMENDATION

01 NOV 19 $17.00 BUY

12 NOV 19 $21.00 OVERWEIGHT

21 NOV 19 $22.70 BUY

29 ABR 19 $16.80 NEUTRAL

29 ABR 19 $18.30 BUY

07 NOV 19 $21.00 BUY

AVERAGE $19.47

43.5%

25.3%

10.0%

11.7%

9.5%

Float

Discovery Americas

Nexxus Capital

Founders

Management

43.5% of float is distributed amongst more than 15 institutional

investors, with a broad base of retail investors

16.7%

83.3%

Neutral

Buy / Overweight

16

DIVERSIFIED SHAREHOLDER BASE AND FAVORABLE PERSPECTIVE

Our goal is to do good long-term business, develop our staff, take care of the environment and contribute to society; bearing in mind the sustainable use of resources and the responsibility of our actions.

17

Process of sustainability adoption in Traxion

2019

▪ Improvement and generation of relevant policies

▪ Mapping and communication of existing best practices.

▪ Alignment of Traxion´s sustainability objectives with itsstakeholders and with the business – materiality study

▪ Start of dialogue with potential allies

▪ Design of the sustainability strategy

2020

▪ Sustainability strategy implementation.

▪ Integrated Report elaboration and publication

Objectives

1. Strengthen Company's

sustainability in an integral way:

Economic Capital, Governance,

Human Capital, Industrial and

Technological Capital,

Intellectual Capital, Products and

Services, Social / Relational

Capital, and Natural Capital.

2. Position the brand as a leader in

the sector in environmental and

social issues: social

responsibility, reduction of

environmental impacts.

3. Generate capacities to attract

capital with an ESG approach

and eventually incorporate

TRAXIN into the BMV's

Sustainable IPC.

Special Sustainability Award (cargo segment)

The evaluation considered:

• Incorporation to the Clean Transportation Program

• The commitment to vehicle renewal

• Work with suppliers, ecotechnologies in facilities,tire renewal and disruptive technologies

• Reduction in fuel consumption with concreteactions

OUR SUSTAINABILITY STRATEGY

18

SUSTTAINABILITY BEST PRACTICES