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 2018 Earnings Presentation
28 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 20, 2018
Slide 1: OMA Announces Second Quarter 2018 Operating and Financial Results
OMA Announces Second Quarter 2018 Operating and Financial Results Monterrey, Mexico, July 18, 2018 — 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 th
Slide 2: Key financial and operating figures
(Thousand Passengers and Mil 20172018 Ver GMI? GMS % Var Passenger Trafic 4920 501096 1876496528 10791269 76 2093~—~«2a73 18a aor 1136987763 1602791 «32506 — = kad La 433358 3.919167 ‘Adjusted EBITOA 237408 ~=«2280=~SCS ‘Adjusted €817DA Margin (8) ssex 692% ‘Income from Operations 790 3A asa0 19832
Slide 3: Chief Financial Officer and Investor Relations contacts
Chief Financial Officer Ruff Pérez Phego +452 (81) 8525 4300 sperezpliego@oma aero Investor Relations: Emmanuel Camacho $52 (Bs) 8625 4308 ‘scamacho@oma. 2200 {nthe US: Daniel Wilson /Zemi Communications +1 (212) 683 9560 ‘SbmyailzonG@zemi.com Media Relations: Paola Femindez +52 (82) 8625 4300 _sfeg
Slide 4: 2Q18 Results Summary
OMA will hold its 2Q18 earnings conference call on July 19, 2018 at 11 am Eastern time, 10 am Mexico City time. Call 1-888-394-8218 toll-free from the U.S. or 1-323-701-0225 from outside the U.S. The conference ID is 4899479. The conference call will also be available by webcast at http://ir.oma.aer
Slide 5: 2Q18 Operating Results
2Q18 Operating Results Operations, Passengers, and Cargo Airlines opened 10 routes during the quarter, including 9 domestic routes and one international route, and 18 domestic routes closed. However, the supply of seats increased 11.3% compared to 2Q17 and 6.3% compared to 1Q18, as a result of an in
Slide 6: Total passenger traffic increased
Total passenger traffic increased 9.6%. Of total traffic, 89.2% was domestic and 10.8% was international. Domestic passenger traffic increased 10.6%. Ten airports increased traffic. The airports with the largest increases were: § Monterrey , principally on the Mexico City, Cancún, Guadalajara, Tijua
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Slide 8: Commercial Operations
Commercial Operations OMA implemented 33 commercial initiatives in the quarter. The commercial space occupancy rate in the passenger terminals was 98.5%.
Slide 9: Hotel Services
Hotel Services § The NH Collection Terminal 2 Hotel had a 77.7% occupancy rate compared to 87.5% in 2Q17, as extraordinary maintenance work reduced the number of available rooms. The maintenance work is expected to be concluded in 3Q18. The average room rate was Ps. 2,252 per night. § The Hilton Gar
Slide 10: Industrial Services and Consolidated Financial Results
Industrial Services § OMA VYNMSA Aero Industrial Park: Rental income from five warehouses reached Ps. 5.8 million. Consolidated Financial Results Revenues Aeronautical revenues increased 17.6%, principally as a result of higher traffic volumes and increases in specific tariffs beginning in January 2
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Slide 12: Construction revenues represent
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 a function of the advance in execution of projects in the airport Master Development Programs (MDP), and
Slide 13: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) decreased 8.5%, principally as a result of cost savings initiatives. The largest reductions were in the payroll, contracted services, and minor maintenance line items.
Slide 14: The major maintenance provision
The major maintenance provision was Ps. 53 million. The balance of the maintenance provision as of June 30, 2018 was Ps. 904 million. The airport concession tax increased 15.5% as a result of the growth in revenues, while the technical assistance fee increased 36.4%. As a result of the foregoing, to
Slide 15: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating income rose 31.4%, with an operating margin of 52.2%. Adjusted EBITDA increased 25.7%, with an Adjusted EBITDA margin of 70.5%.
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Slide 17: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Income was Ps. 2 million, principally as a result of the exchange gain in the quarter.
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Slide 19: Airport Project Status
Airport roject Status MOP Investments ‘Monterrey Construction of concrete slabs for the commercial platform waiting area Started Tampico Major rehabilitation of taxiways Started Tampico Expansion of terminal building In Process Acapulco Commercial aviation platform drainage improvements In Process C
Slide 20: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement For the first six months of 2018, cash flows from operating activities increased 18.8% to Ps. 1,675 million. The increase resulted principally from higher operating income. Investing activities
Slide 21: Material Events
Material Events New Acapulco Airport terminal building inaugurated. On May 25, 2018, OMA inaugurated the new passenger terminal in the Acapulco airport. The total investment in the construction of the terminal building was Ps. 615 million. The terminal has a capacity for more than 1.3 million passen
Slide 22: Terminal Passengers by airport
(Terminal Passengers - Excludes Transit Passengers) ‘Total Passengers 237 2038 svar emi7 suis Var ‘eapuleo 158,745, T7468 99 361,354 381,070 35 Giudad Juarez 294,274 350,732 192 554495 646,173, 165 Culiacén 466,744 S74972 2 896,363, 122,185 252 ‘Chihuahua 360,612 393,165 90 683,816 732,780 72 Durang
Slide 23: Unaudited Consolidated Balance Sheet
‘Grupo Aeroportuario det Norte, SA.B. de CV. ‘Unaudted Consolidated Balance Sheet ‘Thousands of Pesos) dine 3, December 33, ne 2, ver ver 2017 217 2018 funaajnint7 ___sunta/oeet7 Cath and Cash uals sass74 zangor 19233729 wa 204) Other investments Het Maturity 238 i a Trade Accounts Receable- Net ssa
Slide 24: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuarlo del Centro Norte, SAB. de CV. Unaudited Consolidated Statement of Com, (Thousands of Pesos) 2ai7 2018 %Var ema7 emia sévar Revenues ‘Aeronautical Revenues 1078923 1,269,123 176 2093419 2,473,035 181 _NonAeronautical Revenues 0 360,020 40052213 697826 776491113 ‘Aeronautical Reven
Slide 25: Unaudited Consolidated Cash Flow Statement
‘Grupo Aeroportuario del Centro Norte, SA.B. de C.V. Unaudited Consolidated Cath Flow Statement (Thousands of Pesos) ‘As of June 30, 2017 2018 Ver. ‘Operating Activities Income Before Taxes. sys ws ___1305046___1,894,293 CChange in the value of cash and cash equivalents for fair value 137,360 76,458
Slide 26: Unaudited Statement of Changes in Stockholders' Equity
‘Grupo Aeroportuario del Centro Norte, SAB. de CV. Unaudited Statement of Changes in Stokoe fquty st ne 30,2017 (Thousand Pesos) umber ot Captalstock ——Paidn—=—etined «Repurchase Labor onroting ——_Stoctlder's Sores Nominal __Captal_—_—Eanings__—_—esere__—Obligations_—_—nterest uty ance of December 2
Slide 27: Results by airport
Thousands ofPesos} Monterey 2a17 2ais our emis culiacén zou 2ais omy sms Total Revenues 785,108 «635505 —«1A00437 4,540,263 Total Revenues 125183 160,008 240587 309,712 Aeronautical Revenues Sizasdta.g34 525818 4135,145 AeronautcalRevenves s00868 135,088, ss9388 267,575 Non-seronatical Revere 120,07
Slide 28: Analyst coverage
E ‘Actinver Caza de Bolsa Pablo Abraham Name Bank of America MersillLynch Roberto Otero Banorte-XE José Espitia Barclays Bank PLC Pablo Monsivdis BBVA Bancomer Mauricio Hemnder Pda Leandro Fontanes! ‘Stephen Trent Felipe Vinagre Bruno Armorim Grupo Bursétil Mexicano (GBM) Mauricio Martiner Vallejo G
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