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 — Q3 2019 Earnings Presentation
27 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 23, 2019
Slide 1: OMA Announces Third Quarter 2019 Operating and Financial Results
OMA Announces Third Quarter 2019 Operating and Financial Results Monterrey, Mexico, October 17, 2019 — 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: Third quarter 2019 key results
Passenger Traffic 5,750 6916035172177. ‘Aeronautical Revenues 4355 ~«4491~«10.0~=«3829~=~« 10S Non-Aeronauticol Revenues 4186510241958 4387 92.7 Aeronautical sNon-Aeronautical Revenues 1741956103 50235657126 Construction Revenues - “19399 3.268 607__ 29.6) Total Revenues 4967 2,155 9.65886 6,268 6.
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Slide 5: Commercial Operations
Commercial Operations OMA implemented 21 commercial initiatives in the quarter. The commercial space occupancy rate in the passenger terminals was 98.7%.
Slide 6: Hotel Services and Freight Logistics Services
Hotel Services ■ The NH Collection Terminal 2 Hotel had an 84.6% occupancy rate, a decrease of 0.2 percentage points compared to 3Q18. The average room rate was Ps. 2,219 per night. ■ The Hilton Garden Inn had a 77.5% occupancy rate, a decrease of 1.7 percentage points, with an average room rate of
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Slide 9: Diversification revenues
Diversification revenues grew 9.7%, mainly due to a higher income from OMA Carga, hotel services and industrial services.
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
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Slide 12: Operating costs and expenses
The major maintenance provision was Ps. 56 million. The outstanding balance of the maintenance provision was Ps. 931 million. The airport concession tax increased 13.2% as a result of the growth in revenues, while the technical assistance fee decreased 12.4%. Effective January, 2019, technical assis
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating income rose 17.9% to Ps. 1,286 million, with an operating margin of 59.7%. Adjusted EBITDA increased 14.5%, with an Adjusted EBITDA margin of 74.1%.
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Slide 15: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Expense was Ps. 36 million.
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Slide 17: Capital investments: MDP and strategic investments projects
Air Project (MDP Investments tus Reynosa Culiacén Monterrey Monterrey Tampico Zihuatanejo Chihuahua Tampico Reynosa Monterrey Monterrey Chibuabua San Luis Potost Rehabilitation and expansion of commercial aviation platform Expansion of commercial platformand taxiways Expansion of Terminal C Exparsio
Slide 18: Derivatives
Derivatives As of the date of this report, OMA has no financial derivatives exposure.
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Slide 20: Material Events
Material Events Expansion and remodeling of the San Luis Potosí Airport Terminal Building: On August 16, 2019, OMA inaugurated the expansion and remodeling of the San Luis Potosí airport terminal building. Total investment was Ps.400 million and the building was expanded in 8,600 m², reaching a tota
Slide 21: Passenger Traffic
Passenger Taf (Terminal Passengers Excludes Transit Passengers) Total Passengers 3ai8 3Qi9 Var Mis omg s6Var ‘Acapulco 181,983 218,352 20.0 363,053 654,608 163 CludadJusrez 365,962 430,656 1,012,135 1,194,666 18.0 Culiacan 558,149 619,551 1,680,334 1,830,648 89 Chihuahua 430,824 475,015 1,163,608 1,
Slide 22: Unaudited Consolidated Balance Sheet
AB. de CV. Unaudited Consolidated Balance sheet (Thousands of esos) September30, December31, September 30, sever evar 2018 2o1e 2019 Sepi9/sep1s___sep19/sep18 Assets CurrentAssets ‘cash and cash Equivalents 2,304,660 2,958,902 3120821 354 33 Other investments Held to maturity 14496 19,557 s (200.0)
Slide 23: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuario del Centro Norte, S.A.B. de GV. Unaudited Consolidated Statement ot Co (Thousands of Pesos) hensive income 3018 3019 %Var Mis 9Mi9___%Var Revenues ‘Aeronautical Revenues 1,355,473 1,491,232 3,828,508 4,310,337 126 Non-Aeronautical Revenues 418,380 __ 465,178 194,871 1346,652___12
Slide 24: Consolidated Cash Flow Statement
|Consolidated Cash Flow Statement (Thousands of Pesos) AsofSeptember 30, 2018 2019, Var. Operating Activities Income Before Taxes 2,906,930 3,552,836 22 Depreciation and Amortization 257,943 311,233 20.7 Major Maintenance Provision 183,755 (2,060) na. Doubtful Accounts Provision (2.384) 158,512 na.
Slide 25: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A.8. de CV. ‘Unaudited statement ofChangesin Stockholders Equity Asof September 30,2018 (Thousand Pesos) ‘Additional share Total IMumberof Capital stock Pain. Retained Repurchase Labor Stockholders Shaes Nominal Exnings __Resewe _ Obligations aut Bolanceasof D
Slide 26: Results by airport
(Thousands ofPesos) Monterrey 3018 sa19 gwis___om19__—_cufacén 3018 sa19 omis____om9 Total Revenues 905,645 929,101 2,408,908 2,675,281 TotalRevenues 152,396. 211,66 462,08 575,680 AeronauticslRevenues 677,272 *702,198 «1.812.420 1.973.970 _—AeronauticalRevenues «138,982,156 558, s01887 462,398 Non-
Slide 27: 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 — Q3 2019 Earnings Presentation on 6ix