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 2021 Earnings Presentation
36 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Feb 23, 2022
Slide 1: OMA Announces Fourth Quarter 2021 Operating and Financial Results
OMA Announces Fourth Quarter 2021 Operating and Financial Results Mexico City, Mexico, February 22, 2022 — 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: OMA
OMA
Slide 3: 4Q21 Operating Results
OMA will hold its 4Q21 earnings conference call on February 23, 2022 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 13726636. The conference call will also be available by webcast at
Slide 4: OMA
OMA
Slide 5: Total passenger traffic reached 5.4 million
Total passenger traffic reached 5.4 million passengers, representing an increase of 62.1% as compared to 4Q20 and decreased 10.0% versus 4Q19. During the quarter, of total traffic, 87.4% was domestic and 12.6% was international. Domestic passenger traffic increased 55.8%, compared to 4Q20, while int
Slide 6: Passenger traffic and operations table
Avallable Seats 2050523 5,120,419 7,118,561 (116) 39.0 31199588 17,357,924 24,618,267 (211) 418 Passenger Trafic: Domestic 5251473 3,007,236 4,685,837 (10.8) 55.8 20416764 9,877,697 15,723,316 (23.0) 592 International 700.029 297,671 __ 672,946 3) 126.1 2,751,296 1,184,991 2,301,848 (263) 943 Total
Slide 7: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 87.2% as of December 31, 2021. Freight Logistics Services § OMA Carga’s revenues increased by 19.5%, compared to 4Q20 due to higher handling, storage and custody activity related to ground import cargo. Total to
Slide 8: OMA
OMA
Slide 9: Diversification revenues increased 53.2%
Diversification revenues increased 53.2%, mainly due to higher revenues from hotel services and OMA Carga.
Slide 10: 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 11: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 23.8%, mainly due to higher costs for payroll as a result of changes in labor regulation in Mexico, as well as higher costs of electricity, materials and others due to the increas
Slide 12: The major maintenance provision was Ps.118 million
The major maintenance provision was Ps.118 million. The outstanding balance of the maintenance provision as of December 31, 2021 was Ps.1,742 million. The airport concession tax was Ps.92 million and the technical assistance fee was Ps.41 million. As a result of the foregoing, total operating costs
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,275 million, with an operating margin of 47.6%. Adjusted EBITDA was Ps.1,521 million, with a margin of 74.9%.
Slide 14: OMA
OMA
Slide 15: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Expense was Ps.30 million, a decrease of 89.0%, mainly due to an exchange gain, as compared to an exchange loss during the 4Q20.
Slide 16: OMA
OMA
Slide 17: Airport Project
Airport Project MDP Investments Mazatlan Terminal bulldingreconfiguration ‘Suarted Durango Major rehabilitation ofrunway Started CiudadJuarez Rehabilitation of commercial aviationplatform InProcess Torreén Major rehabilitationofrunway InProcess 13Airports —_PhotovoltaieSolarsystem InProcess CiudadJu
Slide 18: Derivatives
Derivatives As of the date of this report, OMA has no financial derivatives exposure.
Slide 19: Cash Flow Statement
Cash Flow Statement During 4Q21, cash flows from operating activities generated cash of Ps.1,214 million. This increase was mainly due to a higher income from operations. Investing activities used cash of Ps.558 million in the fourth quarter. Financing activities reflect a dividend payment of Ps.1,9
Slide 20: COVID-19 Update
COVID-19 Update During the fourth quarter of 2021, passenger traffic held a positive recovery trend as compared to 4Q19, due to a higher mobility level in the country, in line with the epidemiological risk traffic light system in place during the quarter. During October, November and December, total
Slide 21: Subsequent Events
Subsequent Events OMA’s Shareholders’ Meeting. On December 22, 2021, at the General Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved, among other matters, the payment of a cash dividend of up to Ps.4,370 million. This special dividend was paid on January 19, 2022. OMA’s inclus
Slide 22: OMA
OMA
Slide 23: Passenger Traffic
Grupo Aeroportuario del Centro Nort Passenger Traffic (Terminal Passengers - Excludes Transit Passengers) Total Passengers 420 4g21___% Var 2020 2021 % Var ‘Acapulco 104,508 190891 827 395,948 670,239 9.3 Ciudad Judrez 229,408 446491946 790,008 1,499,841 99.9 Culiacén 425,823 557843 30 1,373,102 1,9
Slide 24: OMA
OMA
Slide 25: Consolidated Statement of Financial Position
rupo Aeroportu: December 31, December 31, % Var 2020 2021 Dec21/Dec20 Assets Current Assets Cash and Cash Equivalents 2,958,804 5,987,164 102.4 Trade Accounts Receivable - Net 833,643 1,085,670 30.2 Trade Accounts Receivable from Related Parties 214,209 223,498 43 Recoverable Taxes 542,365 275,600 (
Slide 26: OMA
OMA
Slide 27: Consolidated Income Statement (Thousands of Pesos)
(Thousands of Pesos) 4a20 gat % Var 2020 2021 % Var Revenues ‘Aeronautical Revenues 919,186 3,552,492 892,982,558 5,277,728 794 Non-Aeronautical Revenues 307,053 478,842 559 1371089 1,653,379 412 ‘Aeronautical Revenues + Non-Aeronautical Revenues 1,226,239 2,031,334 7 = 4113597 6,934,107 685, Constr
Slide 28: OMA
OMA
Slide 29: Consolidated Cash Flow
Grupo Aeroportu: io del Centro Nort if sited Consolidated Cash Flow (Thousands of Pesos) From October 1 to December 31, From lanuary 1to December 31, 2070 2001 svar, 2020 Er evar, Operating Activities Income Before Taxes 252637 4205,758 3783 4,482,380, 3835009 1570 Depreciation and Amortization 2475
Slide 30: OMA
OMA
Slide 31: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A. de CV Unaudited statement of changesin Stockholders Equity as of December 31,2020 (thousand Pesos) Additional share Non otal numberof capital stock Paid Retained Repurchase tabor controling Stockholders Shares ‘Nominal capital eanings Reserve obtgations int
Slide 32: OMA
OMA
Slide 33: Operating Results by Airport
ing Results by Alrport (Thousards of Pesos) Monterrey 4020 4021 2020 2oat aullacan 4020 4021 2020 2021 Total Revenues 796,134 1,200,742, 2560.04 3831881 Total Revenues 146,603 205,708 479,436 722,328 ‘Aeronautical Revenues 419,142 704,187 3,278,257 2.371,178 ‘Aeronautical Revenues 112,036 158,023 35
Slide 34: 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 35: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 36: 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 2021 Earnings Presentation on 6ix