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 — Q2 2020 Earnings Presentation
25 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 23, 2020
Slide 1: OMA Announces Second Quarter 2020 Operating and Financial Results
OMA Announces Second Quarter 2020 Operating and Financial Results Mexico City, Mexico, July 22, 2020 — 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 for
Slide 2: Second quarter 2020 key financial results
Pasenger Trac 5.958 5.487 ‘Aeronoutical Revenues 1496 1.429 non Aeronoutico Revenues 55 ‘634 Teronautial + Non Aeronautical Revenue as 63 Construction Revenues 469 Total Revenues 2s Adjusted ETO 1.268 ‘Adjusted EBITDA Morgin 6) 73.9% 613% Income rom Operations 1276 om peroting Margin) 58.9% 36.9% Co
Slide 3: 2Q20 Operating Results: Operations, Passengers, and Cargo
OMA will hold its 2Q20 earnings conference call on July 23, 2020 at 11 am Eastern time, 10 am 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 13706204. The conference call will also be available by webcast at http://ir.oma.ae
Slide 4: Passenger traffic and operations by category
30720148497 #97) 967627 6507923408848) _4.394,757 Total Pasenge Tac ‘Sassou 882552 02) iLo71 508 ‘Commercat Adin (Regard Carer) s9148cs 56331205) 1098223 5.386902 (09), General nsion, 43200 19240 ss) eaten 39863329) ate 342.955 171953 09) 408,551 390336 203) Worloag Uae 738 8) —,$60,135 5,897,501 (9
Slide 5: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 93.7% as of June 30, 2020. Hotel Services ■ The NH Collection Terminal 2 Hotel had a 12.9% occupancy rate, a decrease of 70.5 percentage points compared to 2Q19. The average room rate was Ps.1,980 per night. ■ H
Slide 6: Slide 6
Slide 7: Diversification
Diversification revenues decreased 57.3%, mainly due to lower revenues from hotel services.
Slide 8: Construction
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 9: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) decreased 16.1%, mainly due to lower minor maintenance, subcontracted services and electricity expense, as a result of the cost reduction initiatives implemented by the company.
Slide 10: Major maintenance provision and operating costs
The major maintenance provision was Ps.68 million. The outstanding balance of the maintenance provision as of June 30, 2020 was Ps. 1,060 million. The airport concession tax decreased 79.6% as a result of the decrease in revenues; technical assistance fee decreased 76.2%. As a result of the foregoin
Slide 11: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating loss was of Ps.150 million, with an operating margin of -23.6%. Adjusted EBITDA was PS.25 million, with an Adjusted EBITDA margin of 7.3%.
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Slide 13: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Expense was Ps.90 million, mainly due to interest expense.
Slide 14: Most important investment expenditures
The most important investment expenditures included:
Slide 15: Capital investments table
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Slide 16: Derivatives
Derivatives As of the date of this report, OMA has no financial derivatives exposure.
Slide 17: Cash Flow Statement
Cash Flow Statement In 2Q20, cash flows from operating activities used cash of Ps.414 million, compared to a cash generation of Ps.614 million in the same period of 2019, mainly due to the lower income before taxes and the increase in recoverable taxes. Investing activities used cash of Ps.480 milli
Slide 18: Subsequent Events
Subsequent Events Extraordinary General Shareholders’ Meeting approves cancellation of shares: The Shareholders´ Meeting held on July 7, 2020, approved the cancellation of 3,659,417 Series “B” shares, acquired by OMA pursuant to Article 56 of the Securities Market Law. As a result, shares outstandin
Slide 19: Terminal Passengers by airport
(Terminal Passengers Excludes Transit Passengers) Total Pasenge 20192020 svar emis m20___ var Acapulco 21083 15.297 3a) 36.256 337.039 (5.7) Ciudad usrer 428,716 48.075 49.7) 264,010 367787 (51.9) Cullacén 644,774 108.916 3a) 1.211.097 64723246.) chihuahua 435,002 37.916 13) 787,383, 381556 (515) Du
Slide 20: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, de C. Unaudited Consolidated Balance Sheet (Thousands of Pesos) June 30, December 31, June 30, % Var %Var 2019 2019 2020 Jun20/Jun19 Jun20/Dec19 Assets Current Assets Cash and Cash Equivalents 2,607,955 3,429,873 3,146,091 20.6 (8.3) Trade Accounts Receivable -
Slide 21: Consolidated income statement
2019 2020 seve ong ozo sever Aeronautica Revenues 1asss0sass.712 (9.7) 2819205 1429006 49.3) Non Aeronautial Revenues 455.462 193,386 75) esas 3782 8.) Reronautial Revenues NonAevonaiical Revenues 1951267 347,058, (a22) 3.700579 2062788 (883) Construction Revenues 215597 287.841 335 40501 asus __149
Slide 22: Consolidated cash flow statement
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Slide 23: Statement of Changes in Stockholders' Equity
Slide 24: Results by airport
(Mewsands Pesos) Monterey 20192020 om z0__ctacin 2ai9_2a20 omg__ 20 Tout evenoes 933499 605623 1745089 1.161780 Toxalevnoes 203330 40.193 366969 208,880 ‘eronnuealReveues 7196178159 —«L27L77L—— 602.6 AeronautalRevenues 162.22 ——«29.436 305880166688 Nom-AeronstcalRevenve 18.245 101,007 240.382 —«2784
Slide 25: 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
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