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 2012 Earnings Presentation
17 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 26, 2012
Slide 1: OMA Announces Second Quarter 2012 Earnings
OMA Announces Second Quarter 2012 Earnings Monterrey, Mexico, July 25, 2012 – Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), reported its unaudited results for the second quarter of 2012 today. 1 Summary OMA recorded solid result
Slide 2: The principal developments of the quarter included
The principal developments of the quarter included: § Passenger traffic increased 4.3% to 3.0 million in 2Q12; domestic traffic increased 4.5%, and international traffic increased 3.3%. Six of our airline clients had traffic growth in the quarter. § Aeronautical revenues increased 15.3%, principally
Slide 3: Contact details
> José Luis Guerrero Cortés | > Daniel Wilson S x : OMA, CFO Zemi Communications +52.81.8625.4300 ext. 308 1.212.689.9560 ext, 264 Aatnoroars DEpani= SOCALMENTE Tmnunocasa RESPONSABLE jlguerrero @oma.aero dbmwilson@zemi.com ICA __ @ gunssa
Slide 4: Total passenger traffic increased 4.3%
Total passenger traffic increased 4.3% (+126,370) terminal passengers). Traffic increased most in the Monterrey (+6.5%), Culiacán (+12.4%), Reynosa (+30.5%), and Tampico (+4.1%) airports. VivaAerobus, Copa Airlines, Volaris, Magnicharter, Delta Airlines, and American Airlines saw increases in passen
Slide 5: NH Terminal Hotel Operations
NH Terminal 2 Hotel Operations The NH T2 hotel in the Mexico City International Airport had an average occupancy rate of 75.5%, as compared to 82.6% in 2Q11. The decrease reflects in part the relocation of United/Continental operations to Terminal 1 and the opening of a Courtyard Marriott in Termina
Slide 6: Non-aeronautical revenues increased 17.1%
Non-aeronautical revenues increased 17.1%, principally because of the start of operations for screening checked baggage, increased advertising revenues, and the increase in NH T2 hotel room rates. NH T2 hotel revenues increased 13.1% to Ps. 38 million; room rentals were 76.6% of hotel revenues, food
Slide 7: Costs and operating expenses
Costs and operating expenses Total cost of services and general and administrative expenses , excluding the maintenance provision, construction costs, and hotel costs and expenses, increased 10.9%, principally because of the contracting of personnel to staff the checked baggage screening equipment,
Slide 8: Costs and operating expenses table
(thousands) aintenance Payral Contracted services (security, clearing & prof. svces.) Basic services (electricity, water, telephones) aterials and supiies Insurance Others Cost of airport services + GA Maintenance provision Cost of hotelservices Subtotal Cost of services + GA) Subtotal (Cost of serv
Slide 9: Adjusted EBITDA and Operating Income
Adjusted EBITDA and Operating Income Adjusted EBITDA was Ps. 353 million in 2Q12, an increase of 19.1%. The Adjusted EBITDA margin was 51.6%. OMA calculates Adjusted EBITDA as shown in the table below. The Adjusted EBITDA margin is calculated against the sum of aeronautical and non-aeronautical reve
Slide 10: Adjusted EBITDA reconciliation table
(es: thousands) lus: comprehensive Fancingcost ‘operating income ‘operating margine lus: Depreciation and aortic ation lus: construction expense Maintenance provision ‘Adjusted esrT0x Adjusted EBA mersin: adjusted EBITDA (Aeronautical revenue + non-seroncuticol revenue), rot (106,177) 212 (54) (654)
Slide 11: Consolidated net income and capital expenditures
Consolidated net income and Net income of controlling interest each increased 23% to Ps. 160 million. Earnings per share were Ps. 0.40, and earnings per ADS were US$0.24 per ADS. Each ADS represents eight Series B shares. ( See Annex Table 3. ) Capital expenditures During 2Q12, capital expenditures
Slide 12: Passenger Traffic
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Passenger Traffic (Terminal passengers-excludes transit passengers) Total Passengers 2911 2912 Var entt emi2 svar “Acapulco 130,849 125,841 G8) 317,686 778,509 (12.3) Ciudad Juarez 170,501 165,296 et) 308,923, 328,890 65 Culiacan 258,515 290,547 1
Slide 13: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Balance Sheet (Thousands of pesos) June30 December31 June 30 se Var Var 2011 2011 2012 2Q12vs2011 _2012vs 4011 Asset Current assets Cash and cash equivalents, 262,993 523,634 368,353, Trade Accounts receivable- net 285,440 3
Slide 14: Unaudited Consolidated Statement of Income
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Statement of Income (Thousands of pesos) 2911 2912 %Var emt omi2__%Var Revenues Acronauticalservices 452,614 521,775 15.3, 846,210 1,003,022 18.5 Non-aeronauticalservices, 139,219 162,980 17-4 275,183 315,089 14.5 Constructi
Slide 15: Unaudited Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Cash Flow Statement (Thousands of pesos) Through June 30, 2011 2012 se Var. ‘Operating activities Income before taxes 361,293 510,439 41.3 Items related to investing activities Depreciation and amortization 30,955 91643 13.2
Slide 16: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Statement of Changes in Stockholders’ Equity For the six months ending on June 30, 2012 (thousand pesos) Additional Reservefor Non Total Number of Capital stock paid in. Retained repurchase controlling stockholder’s Shares Nominal capita
Slide 17: Unaudited Operating Results by Airport
Grupo Acroportuario del Centro Norte, $.A.8. de CV. Unaudited Operating Results by Airport ‘Thousand passengers and thousand pesos Monterrey rant zo set emt2—_Culiacain zor maiz att aia “otal passengers TAild 1,508 2,615 2,791.9 Total passengers 2385 2905 5020 aa “otal Revenues 282,188 268,861 595,6
Central North Airport Group — Q2 2012 Earnings Presentation on 6ix