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 — Q1 2024 Earnings Presentation
36 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 25, 2024
Slide 1: OMA Announces First Quarter 2024 Operating and Financial Results
OMA Announces First Quarter 2024 Operating and Financial Results Mexico City, Mexico, April 24, 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 for
Slide 2: 1Q24 key financial and operating figures
%Var vs 1023 Passenger Traffic 5979 5,889 (15) Aeronautical Revenues 1.950 2.054 53 Non-Aeronautical Revenues 605 685 13.3 ‘Aeronautical + Non-Aeronautical Revenues 2555 2739 72 Construction Revenues 564 1016 52.9 Total Revenues 3,220 3755 16.6 Adjusted EBITDA 4,981 2,083, ad Adjusted EBITDA Margin
Slide 3: 1Q24 Operating Results
OMA will hold its 1Q24 earnings conference call on April 25, 2024 at 1:00 p.m. Eastern time, 11:00 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 13745761. The conference call will also be available by webcast at http
Slide 4: Passenger traffic by airport
*Excludes routes that started operations and were suspended during the quarter. Total passenger traffic reached 5.9 million passengers, a decrease of 1.5% as compared to 1Q23. During the quarter, of total traffic, 84.3% was domestic and 15.7% was international. Domestic passenger traffic decreased 3
Slide 5: Airports with largest traffic decrease
The airports with the largest passenger traffic decrease in volume terms as compared to 1Q23, were: ■ Acapulco (-52.6%), due to the impact on the destination generated by hurricane OTIS in October 2023. ■ Culiacán (-16.8%), on its Tijuana, Mexicali and Guadalajara routes. ■ Ciudad Juárez (-7.8%), on
Slide 6: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 95.3% as of March 31, 2024. Freight Logistics Services ■ OMA Carga’s revenues increased by 1.9%, compared to 1Q23 due to an increase in revenues related to import cargo services. Hotel Services The NH Collection
Slide 7: Consolidated Financial Results
Consolidated Financial Results Revenues Aeronautical revenues increased 5.3%.
Slide 8: Diversification revenues
Diversification revenues increased 20.6%, mainly due to higher revenues from Hotel Services.
Slide 9: OMA
OMA
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 expenses
) 1023 1024 _% Var Payrall 162,612 173,166 65 Contracted Services (Security, Cleaning and Professional Services) 59,959 e9a0 165 Minor Maintenance 36517 49313 104 Basic Services (Electricity, Water, Telephone) 18,470 20736123 Materials and Supplies 9,747 ogs0 «17 Insurance and Bonding 10,647 3054 (2
Slide 12: Maintenance provision and concession tax
The major maintenance provision expense was Ps.71.3 million. The outstanding balance of the maintenance provision as of March 31, 2024 was Ps.2,174 million. The airport concession tax increased 87% to Ps.223.5 million, as a result of a change in the rate from 5% to 9% applied to the revenues generat
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,793 million, with an operating margin of 47.7%. Adjusted EBITDA was Ps.2,043 million, with a margin of 74.6%.
Slide 14: OMA
OMA
Slide 15: Financing Income and Net Income
*Excluding the incremental effect of the concession tax on aeronautical revenues, OMA's Adjusted EBITDA would have been Ps.2,127 million, with a margin of 77.7% during 1Q24. Financing Income and Net Income Financing Expense was Ps.276 million, compared to Ps.229 million during 1Q23. The increase was
Slide 16: MDP and Strategic Investments
MDP and Strategic Investments In 1Q24, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.1,110 million, comprised of Ps.1,016 million in improvements to concessioned assets, Ps.75 million in major maintenance, Ps.18 million in strategic investments and
Slide 17: Most important investment expenditures
The most important investment expenditures included:
Slide 18: MDP investment projects by airport
Airport Project at MDP investments 5 Airports Installation of baggage screening equipment In Process 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 Proce
Slide 19: Derivatives
Derivatives As of the date of this report, OMA has no financial derivatives exposure.
Slide 20: Cash Flow Statement
Cash Flow Statement During 1Q24, cash flows from operating activities generated cash of Ps.1,531 million. Investing activities used cash for Ps.425 million in the first quarter. Financing activities reflect mainly interest expense payments, resulting in a net cash outflow of Ps.238 million. The net
Slide 21: Cash flow summary
From January 1 to March 31, [Ps. Thousands) 2023 2024 evar} Income Before Taxes 1,523,910 1,516,886 (05) Items not affecting Operating Activites, net 454,738 514,363 FERN ‘Changes in operational assets and liabilities, net (702,264) (500,144)... (28.8) Net Flow from Operating Activities 4,276,484 4,
Slide 22: OMA
OMA
Slide 23: Passenger Traffic
po Acroportuario del Centro Norte, Passenger Traffic (Terminal Passengers - Excludes Transit Passengers) Total Passengers 1023 1024 % Var ‘Acapulco 262,436 2g408 (52.6) Ciudad Juérez 521,645 480,809 (73) Culiacan 590,294 490835 (16.8) Chihuahua 428,751 430,729 05 Durango 112,866 121,484 16 Mazatlan
Slide 24: OMA
OMA
Slide 25: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A. Unaudited Consolidated Balanc (Thousands of Pesos) March3i, December 31, March 31, evar evar 2008 2008 2024 Mar24/Mar23___ Mar24/Dec23 nets ‘Curent Assets (Cash and Cash Equivalents 28,213 2.576255 3.438.695, 25 mS ‘Trade Accounts Receivable Net 4356710 3,2
Slide 26: OMA
OMA
Slide 27: Unaudited Consolidated Income Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de CV. Unaudited Consolida (Thousands of Pesos) 1023, 1024 3% Var Revenues ‘Aeronautical Revenues 1,950,490 2,053,937 33 Non-Aeronautical Revenues 504,716, 685,259, 133 ‘Aeronautical Revenues + Non-Aeronautical Revenues 2,555,206 2,739,196 72 Construction
Slide 28: OMA
OMA
Slide 29: Unaudited Consolidated Cash Flow
‘upo Aeroportuario del Centro Norte, Unaudited Consolidated Cash Flow. (Thousands of Pesos) From January 1 to March 31, 2023 2024 36 Var. Operating Activities Income Before Taxes 1523,910 1,516,886 5) Depreciation and Amortization 152,288 178,837 ws Major Maintenance Provision 76,623, 71,348 63) Dou
Slide 30: OMA
OMA
Slide 31: Changes in stockholders' equity
additional share Non Total Number of apltal stock Paldn Retained Repurchase tabor controting Stockholders shares Nominal capital Eamings Reserve obligations Interest qulty Balance as of December 31,2022 1356, 169.025 257.762 20.706 5.525.698 3.500000 95 285209 13550.620 Divcende Pata : . . (as. 3ae)
Slide 32: OMA
OMA
Slide 33: Operating Results by Airport
Grupo Aeroportuari Unaudited Oper: del Centro Norte, S. g Results by (Thousands of Pesos) Monterrey 1923 1024 Culiacén 1023 1024 Total Revenues 1,257,370 1,561,581 Total Revenues 312,082 335,119 Aeronautical Revenues 856,566 947,293 Aeronautical Revenues 197,751 162,233 Non- Aeronatical Revenues 181
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 — Q1 2024 Earnings Presentation on 6ix