Grupo Aeroportuario Del Pacifico Sab De Cv Class B · BMV:GAP/B
Grupo Aeroportuario Del Pacifico Sab De Cv Class B — Q1 2021 Earnings Presentation
31 slides from Grupo Aeroportuario Del Pacifico Sab De Cv Class B's earnings presentation, May 2021
Slide 1: Corporate Presentation First Quarter 2021
Persie DPR tation, Firtt Quarter 2621 — The ae me (Ee /)
Slide 2: Actions taken in 2020
Q Actions taken in 2020 Infrastructure was adapted to enhance safety & hygiene protocols across all airports, to protect the well-being of passengers and personnel Beginning in March, operational areas were closed to control the cost of service. These areas are being reopened in accordance with pass
Slide 3: 2021 expectations and outlook
New expectations regarding growth and inflation, the GDP was adjusted upwards to 4.8% for 2021 and 3.3% for 2022. Therefore, a more accelerated economic recovery is expected Increased confidence of the international passenger due to the application of vaccines Strengthening of the main Mexican
Slide 4: 27.3 million MXP 9.7 1 billion MXP 5.8 billion
27.3 million MXP 9.71 billion 343 MXP 5.8 billion 1 32 MXP 1.9 billion 1,656 MXP 3.1 billion
Slide 5: Our airports: passengers 2020
OurniRPORTS 2020 Mexicali 693 A Hermosillo 2 Los Mochis a 984 de ua Tijuana 6317 oA © Montego Bay aN 1,611 Kingston r aN 629 @ Aguascalientes od 476 > Guanajuato La Paz 573 an LosCabos 9 3,064 oft Puerto Vallarta 2.536 oft Guadalajara 8,126 of Manzanillo 9 86 Morelia AK onaesethouns 631 oft
Slide 6: Shareholders' Meeting treasury share cancellation
*In the Shareholders’ Meeting held on April 27, 2021, it was approved the cancellation of 35,424,453 treasury shares. The corporate effects of this cancellation will be formalized in the following days; therefore, the proportion of Series “BB” shares and Series “B” shares could change
Slide 7: GAP's 2020 Strengths
GAP's 2020 ¢TRENGTHS Tijuana ._ 16% _ Los Cabos "15% 76% Pesos Ti Puerto Vallart . uerto Vallarta TOTAL REVENUES! 28% REVENUE on Guadalajara BY AIRPORT 11% Montego Bay 11% 24% UsD 30% (ers 61% Domestic Leisure 5? 28% VER PASSENGER 46%, PASSENGER PROFILE IN OUR AIPORTS. DISTRIBUTION | q 39% Excluding
Slide 8: Market share among Mexican airport operators
Largest mexican private, | RPORT OPERATOR A 32.6% O19 ASUR fo omer asup 334% MARKET SHARE 22.1% 121.6% BR, 3M21 Ss | 23.1% ‘ASUR . MA’ ells S 24% pps MA" a . 13.7% IN THE 1Q21 GAP OPERATED 5 OF THE 10 MOST IMPORTANT 3.9 AIRPORTS IN MEXICO Millions 2.2 1.8 1.3 0.9 0.7 L] | | 0.4 0.4 0.4 8 me a os Sou
Slide 9: Airport Industry
Airport Industry
Slide 10: Seats and passengers
Seats Passengers Source: IATA AirportsIS, GAP
Slide 11: Passenger traffic by airport
80.1% Figures expressed in thousands *The table includes this airport and present comparative figures for the 12 months 2020, and 3 months in 2019
Slide 12: Passenger traffic figures
Figures expressed in thousands *Figures for the 12 months 2020, and 3 months in 2019
Slide 13: Figures expressed in thousands
Figures expressed in thousands
Slide 14: Airline seat volume and fleet
Fleet 2020 Fleet 2021 Airline pre-COVID post-COVID 82 87 37 44 125 106 * 78 - Source: Volaris, Viva and Aeromexico 1Q21 Reports; Interjet :SCT 1Q21 national fleet statistic -26.4% seats volume 3M21 vs 3M20
Slide 15: Revenue
Revenue DEVELOPMENT ‘e.
Slide 16: Revenue vs traffic
-31.5% Revenue vs -43.9% Traffic Figures in millions of pesos
Slide 17: Revenue figures in millions of pesos
-30.0% -33.2% -44.0% Figures in millions of pesos
Slide 18: Commercial strategy
Commercial ——p ATEGY N__ Direct operation * More units and new image * Launch loyalty program * Develop new business line according to passenger needs Expansions * Increase in commercial square meters _ * Redesign in accordance with consumption trends * Develop a more comfortable and enjoyable exper
Slide 19: Main projects 2020-2024
Main projects 2020-2024
Slide 20: CAPEX -27%
-27% CAPEX ❑ ❑ ❑ ❑ **Figures expressed in constant pesos as of December 31, 2017
Slide 21: CAPEX reduction and tariff
** ** s -$6.0 billions in CAPEX ** r +7.35% Tariff = Operating flow MT* 2019 * MT 2020 MT 2020 Extraordinary Review *Maximum tariff (MT) per traffic unit (WLU), WLU= 1 Passenger or 100 kg of cargo 21 **Figures expressed in constant pesos as of December 31, 2017
Slide 22: Financial Highlights
Financial HIGHLIGHTS
Slide 23: Key financial drivers
Key financial drivers Preserve liquidity Le =a Ss Optimize operational leverage fe} oN Compliant debt covenants = Maintain investment grade 8 Improve WACC Financial targ ets Net debt to EBITDA: below 3.0x ras Capital Structure: 50 / 50 WACC: below 9.0% 23
Slide 24: Margin trend
65.3% 65.7% 66.5% 67.2% 68.0% 70.1% 71.5% 69.8% 69.9% 69.5% 68.4% 60.2%
Slide 25: Debt profile
USD 191* USD 33* USD USD 191* 191* USD 33* USD 191* USD 191* USD 191* USD 33* USD 33* USD 191* USD 33* * 2020 figures include Kingston consolidation
Slide 26: Debt profile
USD 191* USD 33* USD USD 191* 191* USD 33* USD 191* USD 191* USD 191* USD 33* USD 33* USD 191* USD 33*
Slide 27: Debt amount, interest rate, spread, maturity
Amount Interest rate Spread Maturity
Slide 28: Debt in millions of pesos
USD 33* USD 33* 4,800 (Figures in millions of pesos) *Exchange rate as of March 31, 2021, $20.6047
Slide 29: Credit ratings
deste ATINGS Standard & Poor's: mxAAA- National Scale Outlook: Stable Issued on March 18, 2021 so ©” Moody's: Aaa.mx — National Scale Baal — Global Scale Outlook: Negative Issued on March 18, 2021 Downward rating if: Net Debt to EBITDA ratio over 3x FFO/ Debt ratio below 23% Covenants March 2021: Ne
Slide 30: M&A activity and opportunities
MA ACTIVITY & OPPORTUNITIES Main drivers to invest Potential opportunities © <<>> Country Grantley Adams International Airport (Barbados) Pax: 2.1 million in 2019 TOE | Regulatory Framework Request for Qualification ("RFQ") was presented 5 Request for Proposal ("RFP") hasn’t been published yet ol Pa
Slide 31: Contact details
Saúl Villarreal Chief Financial Officer svillarreal@aeropuertosgap.com.mx Alejandra Soto IRO & Corporate Finance Director asoto@aeropuertosgap.com.mx Gisela Murillo Investors Relations gmurillo@aeropuertosgap.com.mx Website www.aeropuertosgap.com.mx Corporate Headquarters Av. Mariano Otero No. 1249-
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