GRUPO TRAXION

CORPORATE PRESENTATIONJULY 2019

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 Traxión 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.

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

SUPERIOR EXECUTION CAPABILITIES

TRAXION: THE LEADING COMPANY OF MOBILITY AND LOGISTICS SERVICES IN MEXICO

41%59%

REVENUE BREAKDOWN

3

Fleet: +8,000 Power Units

+427,000 sqm3PL logistics area

+1,000 Clients

7Highly-renowned companies

The broadest portfolio of cargo and logistics integrated services in the market

SERVICES

▪ Domestic cargo

▪ International cargo & transfers

▪ Intermodal cargo

▪ Less-than-Truckload (LTL)

▪ Refrigerated cargo

▪ Specialized cargo (petrochemicals and materials)

▪ 3PL Logistics

▪ Last mile

▪ Packaging and courier

▪ Moving and relocation

BRANDS

MANUFACTURE

SUPPLIER

CUSTOMS/PORTS

INTERNATIONALCARGO

INTERMODAL CARGO

STORAGE DISTRIBUTION RETAIL/E-COMMERCE CONSUMER

Only supplier of integrated solutions through the entire transportation and logistics supply chain in Mexico

MANUFACTURER CUSTOMS/PORTS

DOMESTIC CARGO

INTERNATIONAL CARGO

LOGISTICS

DOMESTIC CARGO WAREHOUSE MANAGEMENT

“HARD TICKET” AND MOVING

LAST MILE

DISTRIBUTION CENTER

RETAIL

E-COMMERCE

CONSUMER

CERTIFICATIONS

FLEET (2Q19)

▪ 2,114 trucks and thortons

▪ 600 last-mile units

▪ +4,000 trailers: dry, refrigerated, hoppersand platforms

TRAXION: THE LEADING COMPANY OF MOBILITY AND LOGISTICS SERVICES IN MEXICO

CARGO & LOGISTICS: Mobility of products and goods

4

3PL LOGISTICS SPACE

▪ 427,008 SQM

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

2Q19

2018

2017

2016 3,399

3,833

4,039

5,373

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

TRAXION: THE LEADING COMPANY OF MOBILITY AND LOGISTICS SERVICES IN MEXICO

PERSONNEL & STUDENT TRANSPORTATION: Mobility of people

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WHY INVEST IN TRAXION?

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-’19E: 33%

▪ Fleet growth: 51x from 2011 to2Q19

TRAXION has:

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

▪ Internally-developed systems

• 24/7 monitoring and tracking

• 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 the nextcompetitor

… operates more than 427,000 sqm of 3PL logistics warehouse

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

… has a workforce of more than14,200 employees

TRAXION…

… is able to generate an operatingleverage, driven by purchasingpower, capacity and volume

… has a long-term, continuous and sustainable synergies approach

… has a proven business modelwith a successful acquisition and integration track-record

… has maintained and improved its operating margins during economic cycles

TRAXION…

… has an entrepeneurial and innovative team with superior execution capabilities

… was created as aninstitutional company

… 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

NET INCOME OPERATING CASH FLOW

ACCELERATED AND PROFITABLE GROWTH

Cargo & logistics Personnel & student transportation TRAXION

Figures in million pesos (MXN)*Pro-forma figures for acquisitions in 2016 7

3,790 4,029 5,491 5,642 1,022 1,709 1,281 1,813 2,303 3,522

2,311 3,043

3,911 5,642

837 1,126

955 1,255

1,792

2,382

2016PF* 2017A 2018A 2019E 1Q18 1Q19 2Q18 2Q19 1H18 1H19

731 645 949 1,116 127 330 228 356 356 687

350 605

854 1,116

169

257 202

285 371

542

2016PF* 2017A 2018A 2019E 1Q18 1Q19 2Q18 2Q19 1H18 1H19

REVENUE EBITDA

CAGR ‘16PF - ’19E: 22.8% CAGR ‘16PF - ’19E: 23.3%

35

337

434

-149

83

250

71 101

154

2016PF* 2017A 2018A 1Q18 1Q19 2Q18 2Q19 1H18 1H19

396 434

824

10

322

222

464

232

786

2016PF* 2017A 2018A 1Q18 1Q19 2Q18 2Q19 1H18 1H19

6,100

7,072

9,403

11,283

1,1911,259

1,8592,836

52.5%

2,2363,069

4,095

5,904

37.2% 44.2%

19.4% 17.8% 19.0% 19.8% 15.2% 20.2% 19.1% 21.0% 17.3% 20.6%

1,785

2,231

282

572428

646 710

1,218

102.3% 50.8% 71.4%

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

SECTOR WITH SOLID FUNDAMENTALS AND POSITIVE OUTLOOK

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

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STATE-OF-THE-ART TECHNOLOGICAL PLATFORM

Constant innovation

Initiatives plan

Best practices

Robust platform

IT Committee

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

THE SCALE OF TRAXION

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 TRAXION: 2Q19 Report, includes 600 last-mile units; Senda: fleet as of June 30, 2017;Grupo Transportes Monterrey: Magazine T21, December 2018. 11

1,000,000

427,000 400,000

322,000 320,000 300,000

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

2,114 2,199

5,373

1,887

600

TRAXIÓN Transportes Monterrey Grupo Senda

Cargo Fleet Personnel Transportation Fleet Last-Mile Fleet

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

Source : Integration Mexico; TRAXION space as of June 30, 2019

SQM 3PL logistics warehouse space

8,087

2,1991,887

EXTENSIVE AND DIVERSE CLIENT BASE

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

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

+50 withdrawn clients in 2018

REALLOCATION of the fleet to more profitable

clients

Cargo Segment1 2017 2018 ∆% 1Q18 1Q19 ∆% 2Q18 2Q19 ∆%

Average Fleet 1,570 1,543 (1.7)% 1,642 2,103 +28.1% 2,114 1,625 +30.1%

Kilometer volume 172.9 189.3 +16.5 41.1 59.5 +44.9% 44.4 64.6 +45.4%

Avg. Revenue / km. 19.58 21.55 +10.0% 19.94 21.88 +9.7% 21.54 22.46 +4.3%

Avg. Cost / km. 14.95 15.63 +5.3% 15.68 16.94 +8-0% 15.87 16.29 +2.6%

▪With a smaller average fleet in 2018, 16.5 million kilometers were driven more than in 2017

▪ The revenue per kilometer grew 4.3%, while the costs only increased 2.6%

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)13

SHARED-SERVICES CENTER

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

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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

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

CORPORATE GOVERNANCE ABY LIJTZSAIN – Executive President

RODOLFO MERCADO - CEO WOLF SILVERSTEIN – CFO

+ Board of Directors

▪ 15 members

▪ 10 independent – 66%

+ 4 Committees

Audit CommitteeCorporate Practices

Committee

Compensation and Nominations Committee Executive Committee

▪ +21 years of experience

▪ Founded TRAXION in 2011

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

▪ Led the capitalization processes of Discovery Americas and Nexxus Capital

▪ Has a track record of acquiring and integrating more tan 15 companies

▪ Responsible for executing the TRAXION business plan with a 100% strategic approach, leading planning, new-business development, and supervising the capital deployment

▪ Certified Public Accountant from Instituto Tecnológico Autonomo de Mexico

▪ +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´s expansion and development plans

▪ 100% operational vision and management, with a focus on profitability and sustainable growth

▪ Certified Public Accountant with diploma in senior management from Instituto Tecnológico de Estudios Superiores de Monterrey

▪ +12 years of experience

▪ CFO of LIPU since 2013; held other administrative and operative positions since 2007.

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

▪ Actively participated in the capitalization processes of Discovery Americas and Nexxus Capital and played a fundamental role in the Initial Public Offering process of TRAXION

▪ 100% operational vision and focus on efficiency and performance

▪ Bachelor of Arts and Business Administration from Universidad Iberoamericana and Master in Finance by Instituto Tecnológico de Estudios Superiores de Monterrey

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DIVERSIFIED SHAREHOLDER BASE AND FAVORABLE PERSPECTIVE

DIVERSIFIED SHAREHOLDERS´BASE POSITIVE PERSPECTIVE

Research Coverage

RECOMMENDATIONS AND REMARKS ABOUT TRAXION

“Traxion has a positive outlook with defined gro w 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, w e 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

07 MAY 19 $17.50 BUY

03 MAY 19 $21.00 OVERWEIGHT

29 MAY 19 $21.50 BUY

29 ABR 19 $16.80 NEUTRAL

29 ABR 19 $18.30 BUY

28 FEB 19 $16.00 BUY

AVERAGE $18.35

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

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WHY INVEST IN TRAXION?

SUSTAINABLE GROWTH

INNOVATION AND TECNOLOGY

SCALE

EFFICIENCY AND PROFITABILITY

TRANSPARENCYAND

INSTITUTIONALIZATION

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