Grupo Aeroportuario Del Centro Norte Sab De Cv Class B · BMV:OMA/B
Grupo Aeroportuario Del Centro Norte Sab De Cv Class B — Central North Airport Group — Q4 2023 Earnings Presentation
39 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Feb 23, 2024
Slide 1: OMA Announces Fourth Quarter 2023 Operating and Financial Results
OMA Announces Fourth Quarter 2023 Operating and Financial Results Mexico City, Mexico, February 22, 2024 — Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), today reported its unaudited, consolidated financial and operating results
Slide 2: Investor Relations contacts
Chief Financial Officer Investor Relations: Ruffo Pérez Pliego del Castilo Luis Emmanuel Camacho Thierry +52 (81) 8625 4300 (+52 (81) 8625 4308 rperezpliego@oma.sero ecamacho@oma.2ero @00@ /OMAeropuertos Www.oma.aero
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Slide 4: 4Q23 earnings conference call details
OMA will hold its 4Q23 earnings conference call on February 23, 2024 at 11:00 a.m. Eastern time, 10:00 a.m. Mexico City time. Call +1-877-407-9208 toll-free from the U.S. or +1-201-493-6784 from outside the U.S. The conference ID is 13744113. The conference call will also be available by webcast at
Slide 5: 4Q23 Operating Results
4Q23 Operating Results Operations, Passengers, and Cargo The number of seats offered increased 3.6% compared to 4Q22. During the quarter, 18 domestic routes and 3 international routes started operations.
Slide 6: Total passenger traffic
* There was no other airline operating this route. Total passenger traffic reached 6.8 million passengers, an increase of 5.2% as compared to 4Q22. During the quarter, of total traffic, 87.5% was domestic and 12.5% was international. Domestic passenger traffic increased 5.1%, compared to 4Q22, while
Slide 7: Airports with the largest passenger traffic growth
The airports with the largest passenger traffic growth in volume terms as compared to 4Q22, were: § Monterrey (+10.1%), on its Querétaro, Bajío, Tijuana, Mexicali, Tapachula, Toluca and Cancún routes. § Mazatlán (+9.6%), on its Mexico City, Ciudad Juárez, Santa Lucia (AIFA), Tijuana and Bajío routes
Slide 8: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 95.0% as of December 31, 2023. Freight Logistics Services § OMA Carga’s revenues increased by 19.4%, compared to 4Q22 due to an increase in revenues from storage and custody services related to ground and air im
Slide 9: Industrial Services and Consolidated Financial Results
Industrial Services § OMA VYNMSA Aero Industrial Park: Revenues reached Ps.20.5 million, an increase of 5.9% versus 4Q22. The increase is explained by a higher number of square meters leased as compared to 4Q22, which was affected by the exchange rate appreciation. Consolidated Financial Results Rev
Slide 10: Commercial Activities revenues table
(Ps, Thousands) 4022 4023 2022 2023 % Var Commercial Activities: Parking 97275 107370104 340,095 418525231 Advertising 17,702 ma 210 73,573 e2si2 124 Retail 34,748 agg 7 124,726 11477214 Duty Free 3521 asia (2 15,183, 17590 158 Restaurants 48,968 67758384 176,844 245311 387 ar Rentals 63,193 63727 0
Slide 11: Diversification revenues
Diversification revenues increased 14.9%, mainly due to higher revenues from OMA Carga and Hotel Services.
Slide 12: Construction revenues
Construction revenues represent the value of improvements to concessioned assets. They are equal to construction costs and generate neither a gain nor a loss. Construction revenues and costs are determined based on the advance in the execution of projects in accordance with the airports’ Master Deve
Slide 13: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) remained flat compared to 4Q22.
Slide 14: Major maintenance provision and operating costs
The major maintenance provision was Ps.95.1 million. The outstanding balance of the maintenance provision as of December 31, 2023 was Ps.2,119 million. The airport concession tax was Ps.134 million and the technical assistance fee was Ps.58.9 million. Total operating costs and expenses decreased 10.
Slide 15: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,989 million, with an operating margin of 53.6%. Adjusted EBITDA was Ps.2,256 million, with a margin of 77.7%.
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Slide 17: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.224 million, compared to Ps.205 million during 4Q22. The increase was mainly due to a higher interest expense as a result of a higher level of indebtedness and an increase in financing costs.
Slide 18: The most important investment expenditures included
The most important investment expenditures included:
Slide 19: Airport investment projects
Airport Project MOP Investments 3 Airports Installation of baggage screening equipment Started 2 Airports Expansion of terminal building in Culiacén and Torreén In Process San Luis Potosi Expansion of commercial aviation platform In Process Monterrey Expansion of electrical substation In Process ‘Mo
Slide 20: Debt schedule
(Ps. Thousands) Scheduled Maturity ‘Short Term Debt Credit Lines payable at maturity in June 2023; Ps. 1,200 mm, June 2023, THE + 85.7 bo Total Short-Term Debt ‘Long-Term Debt 30.yr Bond, Ps. 1.500 mm: OMAL3 March 2023 5.47% Bond, Ps, 1,000 mm: OMAZIV ‘Apri 2026, THE 28 +758, ye Bond, Ps, 2.500 mun:
Slide 21: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 4Q23, cash flows from operating activities generated cash of Ps.1,701 million. Investing activities used cash for Ps.1,072 million in the fourth quarter. Financing activities reflect main
Slide 22: Cash flow summary table
From October 1 to December 31, 3m January 1 to December 31, (es. thousands) 202 2023 var 2022 2003 ver Income Before Taxes 4544262 3764989143 5,292,825 7059868 33.4 Items not affecting Operating Activites, net 398081 495508 227 1,796,286 11965 440 24 ‘Change: in operational assets and lables, net_ _
Slide 23: Relevant Events
Relevant Events OMA announces changes to tariff regulation. On October 19, 2023, the Company received new tariff regulation bases from the Federal Civil Aviation Agency (Agencia Federal de Aviación Civil, “AFAC”). These tariff regulation bases refer to those set forth in Annex 7 of the concession ti
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Slide 25: Passenger Traffic by airport
de CV. Grupo Aeroportuario del Centro Norte, S.A. scenger Traffic (Terminal Passengers - Excludes Transit Passengers) ‘Total Passengers 4022 423% Var 202 203% var ‘Acapulco 220,543 107,401 (543) 338,951 san 12 66 CCludad udrez 549.370 56586537 2,004,524 2,275,153, as Culiacén 655.954 625,281 (4.8) 2
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Slide 27: Unaudited Consolidated Balance Sheet
‘Aeroportuario del Centro Norte, S.A.B. de CV. Unaudited Consolidated Balance Sheet (Thousands of Pesos) December 31, December 31, % Var 2022 2023 ec23/Dec22 ‘Assets Current Assets Cash and Cash Equivalents 3,336,420 2,576,256 (28) Trade Accounts Receivable - Net 1,266,110 4,298,399 26 Trade Account
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Slide 29: Unaudited Consolidated Statement of Comprehensive Income
‘Grupo Aeroportuario del Centro Norte, S.A. de C¥. Unaudited Consolidated Statement of Comprehensive Income (Thousands of Pesos) aan 4a23 vee 202 23 Var Revenues Aeronatical Revenues isssee0 2217.26 BA 705550 ants? 26 No Aeronautical Revenues 03.520 627.209 9200 27378 ‘eronautcal Revenues + Non-Aero
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Slide 31: Unaudited Consolidated Cash Flow Statement
Grape Rarepertuet Unaudited Consolidated Cash Flow Statement (Thousands of Pesos) del Centro Norte, S.A.B. de CV. From October 1to December 31, From January 1 to December 31, 202 2008 sever. 2022 2003 evar. Operating Activities Depreciation and Amortization 147,917 wisi 160 551,200 eis 164 [Major Ma
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Slide 33: Statement of Changes in Stockholders' Equity
‘Grupo Aeroportuario del Centro Norte, SAB. de CV. Unudite Statement of Changes in Stockholder Equity lance as of December 2021, 366165;05 277 29706 72381 107588 0536) mm mem
Slide 34: Statement of Changes in Stockholders' Equity
‘Grupo Aeroportuario del Centro Norte, SAB. de CV. ‘A of December 512125 (Thousand Number of opt stock iin Retained Repurchase Labor convatiog Stockholders Shares Noniat capital amines Reserve bligaions Interest Eauity Boles sof December 34 2022 ses 2772 23785 652558 500000 zs Eee) assem ‘Dena Pad -
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Slide 36: Financial results by airport
‘Grupo Aeroport Unaudited (Thousands of Pesos) Monterrey 402 4023 202 2003 culiacén on 4023 2022 2023 Total Revenues 17gs08 «1639.31, ‘5256480 6213,633 Total Revenues 237,081, 315215 919713 1,383,779 ‘Aeronautical Revenues 920088 1055951, Base 4254275, ‘Aeronautical Revenues 200,387 195,915 754360 8
Slide 37: Notes to the Financial Information
Notes to the Financial Information Financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”), and presented in accordance with IAS 34 “Interim Financial Reporting.” For more information, please refer to our Quarterly Financial Information submitted to
Slide 38: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 39: Forward-looking statements
This report may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current information and expectations and projections about future events. Forward-looking statements may be
Central North Airport Group — Q4 2023 Earnings Presentation on 6ix