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 2019 Earnings Presentation
30 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 25, 2019
Slide 1: OMA Announces First Quarter 2019 Operating and Financial Results
OMA Announces First Quarter 2019 Operating and Financial Results Monterrey, Mexico, April 24, 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 th
Slide 2: 1Q19 Key Financial and Operating Figures
Passenger Traffic 4901. 5,114 43 Aeronautical Revenues 1204 1,323 99 Non-Aeronautical Revenues 376 426 13.3 ‘Aeronautical + Non-Aeronautical Revenues 1580 1,749 10.7 Construction Revenues 352 192. (45.3) Total Revenues 19321942 0.5 Adjusted EBITDA 1072 1,270 18.4 Adjusted EBITDA Margin (36) 67.9% 72
Slide 3: Investor Relations
Investor Relations: Fo Péres Phigo del Castilo Le Emmanuel Camacho Thierry +52 81) 6625 4300 4526) 8625 4308 tperezpliego@oma.2ero, @000@ /oMAeropuertos ‘scamacho@oma.asro www.oma.aero
Slide 4: 1Q19 Operating Results: Operations, Passengers, and Cargo
OMA will hold its 1Q19 earnings conference call on April 25, 2019 at 12 pm Eastern time, 11 am 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 13689621. The conference call will also be available by webcast at http://ir.oma.a
Slide 5: Total and Domestic Passenger Traffic
Total passenger traffic increased 4.3%. Of total traffic, 85.5% was domestic and 14.5% was international. Domestic passenger traffic increased 5.0%. Ten airports increased traffic. The airports with the largest increases were: § Monterrey , mainly on the Mexico City, Guadalajara, Cancún and Tijuana
Slide 6: International Passenger Traffic
International passenger traffic increased 0.8%. Nine airports recorded increases in international traffic, led by Mazatlán, as a result of increased traffic on its Los Angeles route.
Slide 7: Commercial Operations
Commercial Operations OMA implemented 14 commercial initiatives in the quarter. The commercial space occupancy rate in the passenger terminals was 98.6%.
Slide 8: Industrial Services and Consolidated Financial Results
Industrial Services § OMA VYNMSA Aero Industrial Park: Rental income from the six warehouses on lease reached Ps. 9.2 million. During the quarter, construction began for a new warehouse of 4,851 m2 and an expansion of 4,080 m2 at an existing warehouse. These are scheduled to be completed during 2Q19
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Slide 10: Diversification revenues grew 9.1%
Diversification revenues grew 9.1%.
Slide 11: Non-Aeronautical Revenues Breakdown
(Ps. Thousands) 1018 1019 %Var| Diversification Activities: Hotel Services 88,337 90,075 (OMA Carga (Freight Logistics Service) 39,248 45,724 Real Estate Services 3,889 4516 Industrial Services 5,567 9,187 6 Taalnscamstsa emaciated aS Complementary Actives: Checked Bogmnge Screening ssie3 3308103 ‘A
Slide 12: 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 13: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) decreased 6.6%, mainly due to a decrease in professional fees and payroll expenses. Additionally, adoption of IFRS 16 (“Leases”) generated a decrease of Ps.2.0 million for rents included in
Slide 14: Major Maintenance Provision and Concession Taxes
The major maintenance provision was Ps. 42 million. The outstanding balance of the maintenance provision was Ps. 953 million. The airport concession tax increased 11.1% as a result of the growth in revenues, while the technical assistance fee decreased 11.7%. Effective January, 2019, technical assis
Slide 15: Total Operating Costs and Expenses
As a result of the foregoing, total operating costs and expenses decreased 17.5%. Excluding construction costs, total costs and operating expenses decreased 2.1%.
Slide 16: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating income rose 19.4%, with an operating margin of 58.1%. Adjusted EBITDA increased 18.4%, with an Adjusted EBITDA margin of 72.6%.
Slide 17: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Income was Ps. 44 million.
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Slide 19: Airport Status: MDP and Strategic Investments
Airport Status MDP Investments Chihuahua Major rehabilitation of runway Started Tampico Minor rehabilitation of runway In Process Chihuahua Expansion and remodeling of terminal building In Process San Luis Potosi Expansion and remodeling of terminal building InProcess Reynosa Construction of new ter
Slide 20: Debt
Debt
Slide 21: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement In the first three months of 2019, cash flows from operating activities increased 42.3% to Ps. 1,097 million, compared to same period of 2018. Investing activities used cash of Ps. 130 million i
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Slide 23: Material Events
Material Events On April 5, 2019, OMA published the call for the Annual Ordinary General Shareholders’ Meeting, to be held on April 29, 2019. Among other items, the Board of Directors is presenting a proposal for approval by the shareholders of a cash dividend of Ps. 1,600 million.
Slide 24: Passenger Traffic by Airport
Grupo Aeroportuario del Centro Norte, S.A.8. de C.V. Passenger Traffic (Terminal Passengers Excludes Transit Passengers) Total Passengers perey 119 __%Var ‘Reapuleo 206,602 25,213 a2 Ciudadsuarer 295,441 335,298 135 Culiacan 547,213 366,323, 35 Chihuahua 339,615 349,381 29 Durango 95,21 95,599 os Ma
Slide 25: Consolidated Statement of Financial Position
(Thousands of Pesos) 2 ery ois Martg/Maris__Mor9/Decis (Cashand Cash Equivalents 265650 2.958.902 3.820.965 3 21 (ther investments Heldto Maturiy 20249 194687 0000) 000) Trade Account Reeevable-Net 764,682 696.566 680937 fL9) 22) ‘rade Account Receivable rom Related Parties 7638 38.307 32203 550) as
Slide 26: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuario del Centro Norte, S.A. Unaudited Consolidated Statement of Comprehensive (Thousands of Pesos) tars ta19 svar avenues Aeronautical Revenues 1.203912 132330099 Non-Aeronautical Revenues 375,969, 426012133 Teronautcal Revenues NowAeronaitical Revenues 2,879,881 1,749,312 10.7 Constr
Slide 27: Unaudited Consolidated Cash Flow Statement
‘Grupo Aeroportuario del Centro Norte, SA.B. de CV. Unaudited Consolldated Cath Flow Statement (Thousands of Pesos) Asotarch31, aoe 2019 vm, Operating Actes Incomesefore Toes 3798 sar a9 Depreciation and Amarization aissa i1g1a 250 Major Mantenance Provision ase 4872) Doubtful Accounts Provision aon
Slide 28: Statement of Changes in Stockholders' Equity
Number! Capit stock Paidin Retained — Repurchase Labor -—=—Cantoling—_stocthalder's Shares ___Nomingl _Capital_Eanings_Reserve__Obligations _ interest exaty Solace of December31,2017, 393446466 303394 29786 1366016 40391) asoaas__ 7.279315 ‘Comprehensive income L035) 608.355, 170 61068 Solace = of M
Slide 29: Unaudited Operating Results by Airport
Unaudited Operating Results by. (Thousands of Pesos) Monterrey 1918 1a19 Culiacén 1018 1019 Total Revenues 701,758 811,591 ‘Total Revenues 149,703 163,039 ‘Aeronautical Revenues 523,315 559,811 Aeronautical Revenues 132,187 143,018 Non-AeronaticalRevenu. 139,208 165,146 Non-AeronaticalRevenu 13,795,
Slide 30: 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 2019 Earnings Presentation on 6ix