Grupo Aeroportuario Del Pacifico Sab De Cv Class B · BMV:GAP/B
Grupo Aeroportuario Del Pacifico Sab De Cv Class B — Q3 2020 Earnings Presentation
37 slides from Grupo Aeroportuario Del Pacifico Sab De Cv Class B's earnings presentation, November 2020
Slide 1: Corporate Presentation Third Quarter 2020
Persie Dirt tation, Third Quarter 2026 — The ae me (Ee /)
Slide 2: Measures COVID-19
Q Q Measures COVID-19 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 passen
Slide 3: Results COVID-19
Results COVID-19 Q Decrease in passenger traffic by 46.9% in 9M20, but Airport Group with fastest recovery and biggest share in Mexico market in the year Q Recognized with the “Safe travel” stamp by the World Travel and Tourism Council Q Certified with Airport Health Accreditation Programme by ACI f
Slide 4: 19.1 million MXP 6.9 1 billion MXP 4.0 billion
19.1 million MXP 6.91 billion 311 MXP 4.0 billion 1 27 MXP 1.5 billion 1,603 MXP 2.2 billion
Slide 5: Our Airports 9M20 Passengers (thousands)
OurniRPORTS 9M20 Mexicali ms 540 oN figmesite © Los Mochis AK 160 Tijuana 4945 oh © Montego Bay oN 1,400 \ A Kingston* \ c jX 532 \ ~- Aguascalientes ms 369 9 Guanajuato La Paz 438 Los Cabos ° 2,365 oft Puerto Vallarta 2,055 A Guadalajara 6,398 ohh Manzanillo g 72 os Morelia dh Passengers (thousands
Slide 6: Shareholders' Structure
Shareholders’ STRUCTURE Controladora Mexicana de Aeropuertos (CMA) AENA 66.7% 33.3% I Aeropuertos Mexicanos del Pacifico (AMP) Public float 85% 15% > < Grupo Aeroportuario del Pacifico 12 airports in Mexico MBJ Airports Limited & 74.5% PAC Kingston Airport Limited 100.0% GAP’s board members 6 indepe
Slide 7: GAP's 9M20 Strengths
GAP's «M20 cTRENGTHS Tijuana 15% Los Cabos Tr 14% Montego Bay | Pesos an rhe 12% TOTAL REVENUES! REVENUE Guadalajara BY AIRPORT fF Puerto Vallarta 24% i USD 20% 60% Domestic +» 29% Leisure PASSENGER DISTRIBUTION PASSENGER PROFILE IN OUR AIPORTS e . 26% Business 40% Excluding IFRIC 12 International
Slide 8: Largest Mexican private airport operator
Largest mexican private, AIRPORT OPERATOR oe, ak 27.2% vy 34.0% >< "aR a an Xx eee Ww Sa Gs a coe ie 22.3% Corian MA 7 . 41% 45% rei Bae 15.7 7 7 IN 9M20 GAP OPERATED 5 OF THE 10 MOST IMPORTANT AIRPORTS IN MEXICO é g = 8.5 5.6 43 3.5 —s a mame Source: GAP, AIC, OMA,ASUR Ciudad de México Cancun Guada
Slide 9: Airport Industry
Airport Industry
Slide 10: Seats and Passengers
52 44 40 36 33 28 Seats 25 24 23 22 Passengers 21 21 20 20 19 19 18 16 16 16 16 15 Source: IATA AirportsIS, GAP
Slide 11: Figures expressed in thousands
~79.4% Figures expressed in thousands
Slide 12: Figures expressed in thousands
Figures expressed in thousands
Slide 13: Seats volume 9M20 vs 9M19 and airline fleet
Fleet 2020 Fleet 2020 Airline pre-COVID post-COVID 82 84 37 40 125 107 * 78 7 Source: Volaris, Viva and Aeromexico 3Q2020 Reports *SCT 3Q20 national fleet statistic -27.5% seats volume 9M20 vs 9M19
Slide 14: Interjet share of passenger traffic in September 2020
During September 2020, Interjet represented 0.4% of our total passenger traffic
Slide 15: Infrastructure development to meet future demand
❑ Infrastructure development to meet future demand and ensure a seamless connection process: ▪ Second runway ▪ New aprons ❑ Outstanding domestic and international connectivity ▪ More direct routes to U.S. than to Mexico City (25) ▪ 30 domestic routes ▪ 25 international routes ❑ Main HUB for Volaris
Slide 16: Migrant transit building
❑ Building will enable migrants in transit to travel without being processed by Mexican Authorities ❑ Opens possibilities to exploit potential international routes, mainly from the US ❑ Facilitates the transit of passengers heading to Mexico and international destinations ❑ Permits in process ❑ To b
Slide 17: Revenue Development
Revenue DEVELOPMENT ‘e.
Slide 18: Aeronautical Revenues
Aeronautical VENUES _ ” ee 10,548 CAR 45 (ae 9,499 49. OO 2010 Oe 8,281 ee 7,038 ° 3,617 3.078 i 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M2020 Figures in millions of pesos 18
Slide 19: Commercial Revenue Trend
Commercial Revenue TREND 3,536 @ Direct Operations Mexico @ Third-party Operations Mexico 593 @ Total Jamaica 2,246 474 4315 1,958 1,666 1,676 325 1,448 1,185 936 920 738 784 758 939 706 638 984 574 788 625 650 369 426 ee) 402 164 mee 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 9M2020 Figures
Slide 20: Revenue per PAX
Revenue per PAX 124.8 Sil Figures in MXN 131.8 ID TREND 115.9 119.3 84.7 78.6 . MBI PVR 2018 72.6 66.4 60.0 53.0 47.9 : : Others GDL TW 2019 20
Slide 21: Commercial Strategy
Commercial ——p ATEGY S__ 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 22: Main projects 2020-2024
Main projects 2020-2024
Slide 23: Master Development Program under review
UNDER REVIEW We asked the Authority the reopening of the current Master Development Program. Currently, it is being analyzed with the authorities which investments will be executed in the 2020-2024 period, accordingly with the new passenger traffic needs post COVID-19 2,309,223 2,083,147 2,627,989 2
Slide 24: Under review: new wastewater treatment plants
2 new wastewater treatment plants UNDER REVIEW 24
Slide 25: Under review: new terminal building
UNDER REVIEW New procestor terminal building 4 additional boarding gates New terminal for international Passenger transit 15,000 s4m Development of new taternational routes 25
Slide 26: Under review: new aprons and terminal
8 new aprons Law Wastewater treatment plant 15 additional boarding gatet New terminal building neutral footprint 42,000 t4m UNDER REVIEW 26
Slide 27: Under review: terminal expansion
UNDER REVIEW 2 additional boarding gates 28 additional aprons Expansion of national and international terminal buildings 10,500s9m 27
Slide 28: Financial Highlights
Financial HIGHLIGHTS
Slide 29: 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% 29
Slide 30: USD 191* USD 33* USD 33*
USD 191* USD 33* USD 191* USD 33* USD 191* USD 191* USD 33* USD 33*
Slide 31: Kingston consolidation
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 32: Total Revenue, Total Expenses and EBITDA
USD 191* USD 33* USD USD 191* 191* USD 33* USD 191* Total RevenueUSDUSD 191* (1) 191* 21 56 77 24% USD 33* 1,674 USD 33* USD 191* Total Expenses 6 44 49 39% 1,068 EBITDA 15 12 28 15% 606 USD 33*
Slide 33: Debt: amount, interest rate, spread, maturity
Amount Interest rate Spread Maturity (1) On October 19, it was signed a credit refinancing for US$ 95.5 million with Scotiabank Inverlat, S.A., due in January 2021. The new loan will be due in 2024; interest will be payable monthly at an annual fixed rate of 2.063%, structuring fee of 30 basis point
Slide 34: Debt profile in millions of pesos
USD 33* USD 33* (Figures in millions of pesos) *Exchange rate as of September 30, 2020 $22.4573
Slide 35: Credit Ratings
deste ATINGS Standard & Poor's: mxAAA-— National Scale Outlook: Stable Issued on June 1, 2020 so ©” Moody's: Ces Aaa.mx — National Scale Baal — Global Scale Outlook: Negative Issued on May 27, 2020 Downward rating if: Net Debt to EBITDA ratio over 3x Interest Coverage below 5x FFO/ Debt ratio below
Slide 36: M&A Activity & 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 37: Investor relations contacts
Saúl Villarreal Chief Financial Officer svillarreal@aeropuertosgap.com.mx Alejandra Soto IR & Financial Planning asoto@aeropuertosgap.com.mx Gisela Murillo Investors Relations gmurillo@aeropuertosgap.com.mx Website www.aeropuertosgap.com.mx Corporate Headquarters Av. Mariano Otero No. 1249-B 6th flo
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