Corporacion America Airports Sa · NYSE:CAAP

Corporacion America Airports Sa — Q2 2025 Earnings Presentation

21 slides from Corporacion America Airports Sa's earnings presentation, Aug 21, 2025

  1. Slide 1: Second Quarter 2025 Earnings Call Presentation

    CORPORACION AMERICA AIRPORTS → OPENING REMARKS → KEY HIGHLIGHTS → TRAFFIC & SECOND QUARTER → CARGO TRENDS 2025 FINANCIAL TRENDS → CLOSING REMARKS EARNINGS CALL PRESENTATION → Q&A AUGUST 21, 2025 → APPENDIX

  2. Slide 2: Disclaimer and Forward-Looking Statement

    CORPORACIÓN AMÉRICA AIRPORTS 2 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or fees we may charge under our concession agreements, inflation, prospects are forward-looking statements within the meaning of depreciation and devaluation of the AR

  3. Slide 3: Strong Q2 driven by Double-Digit Revenue Growth Across Key Markets

    CORPORACIÓN AMÉRICA AIRPORTS 3 Strong Q2 driven by Double-Digit Revenue →2Q25 Passenger traffic (PAX) up 13.7% YoY Growth Across Key Markets: Argentina, • International up 11.8% YoY; Argentina up 18.5% YoY • Domestic up 14.5% YoY; Argentina up 16.4% YoY Italy, Uruguay & Armenia • Solid traffic in al

  4. Slide 4: Strong Passenger Traffic Growth Boosted by Increased Demand Across All Countries, Except Ecuador

    CORPORACIÓN AMÉRICA AIRPORTS 4 Strong Passenger Traffic Growth Boosted by Increased →Total Passenger traffic up Demand Across All Countries, Except Ecuador 13.7% YoY →International up 11.8% YoY, with Argentina (+18.5%) and Italy (+9.0%) accounting for over 80% of the increase. Monthly Passenger Traf

  5. Slide 5: Cargo Revenues Up 30% YoY Supported by Growth in Argentina, Uruguay and Brazil

    CORPORACIÓN AMÉRICA AIRPORTS 5 Cargo Revenues Up 30% YoY Supported by Growth in Argentina, Uruguay and Brazil →Strong volume contributions from Argentina, Brazil and Armenia, which together accounted for almost 80% of the total cargo volume in the quarter Monthly Cargo Volume Cargo Volume by Country

  6. Slide 6: Revenues up 19% Fueled by Double-Digit Growth in Key Countries

    CORPORACIÓN AMÉRICA AIRPORTS 6 Revenues up 19% Fueled by Double-Digit Growth in Argentina, Armenia, Italy, Uruguay and Brazil (ex-one off in 2Q24)1 Revenue by type – vs 2Q24 →Total Revenues ex-IFRIC12 up 18.9% YoY, (vs. traffic growth (ex-IFRIC12; in US$ million) of 13.7%) →Aeronautical revenues up

  7. Slide 7: Costs & Expenses Up 17% In Line with Higher Activity and Below Revenue Growth

    CORPORACIÓN AMÉRICA AIRPORTS 7 Costs & Expenses Up 17% In Line with Higher Activity and Below Revenue Growth →Total Costs and Expenses ex-IFRIC12 up 16.8% YoY; below Total Costs and Expenses – vs 2Q24 Revenue growth of 18.9% (ex-IFRIC12; in US$ million) →Costs of Services up 15.4% YoY mainly driven

  8. Slide 8: Adjusted EBITDA up 23% YoY with Margin Expansion of 1.4 pp

    CORPORACIÓN AMÉRICA AIRPORTS 8 Adjusted EBITDA up 23% YoY with Margin Expansion of 1.4 pp →Adj. EBITDA Ex-IFRIC12 up 23.3% YoY to $168M with positive YoY Adjusted EBITDA – vs 2Q24 performances in all conutries1, except Ecuador, and particularly strong performances in Argentina, Uruguay and Armenia.

  9. Slide 9: Strong Cash flow Generation with Total Liquidity at $595 Million

    CORPORACIÓN AMÉRICA AIRPORTS 9 Strong Cash flow Generation with Total Liquidity at $595 Million; Positive Operating Cash Flow across all Operating Subsidiaries, Except for Ecuador Cash Flow – YTD (in US$ million) →Total liquidity position12 of $595M as of June 30, 2025, up 13% from $526M as of year

  10. Slide 10: Solid Financial Position with Net Leverage Ratio of 1.0x and Healthy Debt Maturity Profile

    CORPORACIÓN AMÉRICA AIRPORTS 10 Solid Financial Position with a Net Leverage Ratio of 1.0x and a Healthy Debt Maturity Profile Debt Maturity Profile (interest and principal payments) Total Debt Breakdown by Country (June 30, 2025; US$ Million) (June 30, 2025) Total Liquidity Position12 Italy Argenti

  11. Slide 11: Closing Remarks

    CORPORACIÓN AMÉRICA AIRPORTS 11 CLOSING REMARKS

  12. Slide 12: Strong traffic dynamics across all countries

    CORPORACIÓN AMÉRICA AIRPORTS 12 →Strong traffic dynamics across all countries: double-digit growth in Argentina and Brazil, high single-digit in Italy, Uruguay and Armenia • Historical second-quarter record passenger traffic in Argentina, Italy, Armenia and Uruguay →Adj. EBITDA ex-IFRIC up 23.3% YoY

  13. Slide 13: Q&A

    CORPORACIÓN AMÉRICA AIRPORTS 13 Q&A

  14. Slide 14: Business and Financial Review of Key Countries of Operations

    CORPORACIÓN AMÉRICA AIRPORTS 14 Business and Financial Review of Key Countries of Operations

  15. Slide 15: Argentina: Record second quarter PAX growth; Adjusted EBITDA up 34%

    CORPORACIÓN AMÉRICA AIRPORTS 15 Argentina: Record second quarter PAX growth; Adjusted EBITDA up 34% with 3.2 p.p margin expansion despite AR$ cost pressures Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA (in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex-IFRIC; in U

  16. Slide 16: Italy: Double digit topline growth; Adjusted EBITDA up 2%

    CORPORACIÓN AMÉRICA AIRPORTS 16 Italy: Double digit topline growth; Adjusted EBITDA up 2%, or 13% when excluding other construction service-related costs at Toscana Aeroporti Costruzioni Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA (in millions) (ex-IFRIC; in US$ (ex

  17. Slide 17: Brazil: Strong traffic growth of 15% YoY; Adjusted EBITDA up 16%

    CORPORACIÓN AMÉRICA AIRPORTS 17 Brazil: Strong traffic growth of 15% YoY; Adjusted EBITDA up 16% YoY excluding a one-time litigation benefit recorded in 2Q241 Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA (in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex-IFRIC; in

  18. Slide 18: Uruguay: Sustained Adjusted EBITDA growth driven by higher PAX, Cargo, VIP Lounges and Duty free

    CORPORACIÓN AMÉRICA AIRPORTS 18 Uruguay: Sustained Adjusted EBITDA growth driven by higher PAX, Cargo, VIP Lounges and Duty free Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA (in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex-IFRIC; in US$ million) million) million

  19. Slide 19: Armenia: Strong adjusted EBITDA growth underpinned by traffic growth and fuel revenues

    CORPORACIÓN AMÉRICA AIRPORTS 19 Armenia: Strong adjusted EBITDA growth underpinned by traffic growth and robust fuel revenues Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA (in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex-IFRIC; in US$ million) million) million) +

  20. Slide 20: Ecuador: Slight decline in Adjusted EBITDA Margin with soft passenger traffic

    CORPORACIÓN AMÉRICA AIRPORTS 20 Ecuador: Slight decline in Adjusted EBITDA Margin in line with soft passenger traffic Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex-IFRIC; in US$ million) million) million) -1% +1%

  21. Slide 21: IR Contact

    IR Contact Patricio Iñaki Esnaola Email: Patricio.esnaola@caairports.com Phone: +5411 4899 6716

Corporacion America Airports — Q2 2025 Earnings Presentation on 6ix