Grupo Aeroportuario Del Centro Norte Sab De Cv Class B · BMV:OMA/B
Grupo Aeroportuario Del Centro Norte Sab De Cv Class B — Q3 2023 Earnings Presentation
29 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 30, 2023
Slide 1: Third Quarter Corporate Presentation
Third Quarter Corporate Presentation October 2023 1
Slide 2: Disclaimer
Disclaimer This presentation 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 s
Slide 3: Table of Contents
Company Overview About the Company | Reasons to Invest | Corporate Governance | Shareholders’ Structure | Growing Revenue & Efficiency | Robust Stock Performance | Commitment with the Environment | Social and Governance Matters Aeronautical Business (AR) Sustained Passenger Growth | Route Developmen
Slide 4: About the Company
About the Company 26.5 million passengers served LTM September 2023 Ciudad Juárez 2 Hotels NH Collection Hotel in Terminal 2 of the Mexico City Airport and Hilton Garden Inn at Monterrey Airport 1 Industrial Chihuahua Park OMA VYNMSA at Monterrey Airport Torreón Reynosa Monterrey 4 Bonded Monterrey
Slide 5: Reasons to Invest
High potential and diversified asset portfolio. Efficient management of costs and expenses. Sustained passenger growth. Commitment to safety, security and sustanability. Reasons to Invest Attractive dual-till airport concession model. Successful comercial and diversification strategy. Part of the la
Slide 6: Corporate Governance and Management Team
Corporate Governance Board of Directors 5 independent members / 1 woman Corporate Practices, Finance, Planning, And Audit Committee Sustainability 100% independence Committee 100% independence Name Position Ricardo Dueñas Espriu CEO Management Team Ruffo Pérez Pliego CFO Adriana Díaz Galindo General
Slide 7: Shareholders' Structure
Shareholders’ Structure 29.99% Market Cap Ps. Bn. $53.7 USD Bn. $3.0 Float 70.01% Note: As of October 31, 2023 1 Vinci Airports owns 14.8% through Servicios de Tecnología Aeroportuaria, S.A. de C.V.(“SETA”) (12.9% BB Shares and 1.9% B Shares) and 15.1% through Concessoc 31, SAS, (B Shares). SETA and
Slide 8: Growing Revenue & Efficiency
Growing Revenue & Efficiency Aeronautical Revenue Non Aeronautical Revenue 16,000.00 30.00 Passengers 26.5 14,000.00 23.2 23.2 25.00 21.6 12,000.00 11,214 19.7 18.0 20.00 10,000.00 9,285 23% 8,000.00 7,572 24% 15.00 6,766 6,931 5,803 24% 11.1 6,000.00 24% 24% 10.00 25% 4,114 4,000.00 77% 28% 76% 76%
Slide 9: Robust Stock Performance
Strong Price Performance (OMA returns vs MEXBOL Index) (Index 100=2006) +454% Robust Stock Performance +102% OMAB MM Equity MEXBOL Index 9 Note: Prices from November 28, 2006 (OMA´s IPO) to October 31, 2023
Slide 10: Commitment with the Environment
ENERGY EFFICIENCY Solar parks installed in all 13 airports, providing 17% of OMA’s energy TARGETS: consumption in 3Q23. Reduction of In 2021, 2022, and 9M23, 82%, 95%, and OMA’s greenhouse gas 98% of OMA’s energy, respectively, was emissions per passenger provided by clean energy. in 58% by 2025. Co
Slide 11: Social and Governance Matters
Social and Governance Matters Social Responsible Company “Empresa Socialmente Responsable”, During 2022, 49% of for 13th consecutive year. our corporate staff were women. Part of the 2023 and 2022 Gender equality and Bloomberg Gender labor inclusion policy to Equality Index foster diversity. Code of
Slide 12: Sustained Passenger Growth
Sustained Passenger Growth 2023 2022 9M23 9M23 Domestic + 18.6% 9M22 vs International + 30.5% vs 9M22 2,322 +16.6% 2,316 313 +20.9% +21.6% 304 +31.5% +12.9% 286 +48.3% +19.3% 283 +25.5% +9.3% +50.9% +19.8% 1,956 +13.8% 1,949 1,962 1,961 +16.0% 263 +20.6% +18.3% 260 +22.3% 1,893 250 240 240 1,685 +35
Slide 13: Route Development
Route Development Top 10 Routes 35 routes opened 9M23* Phoenix 9M23 Tampico Mexicali Ciudad Victoria Santa Lucia (AIFA) Matamoros Querétaro Piedras Negras Los Cabos Mexicali +10.0% Mazatlán Bogotá 12.7% Zihuatanejo Mexicali Puerto Escondido Tapachula Los Cabos La Paz Reynosa Monterrey Tampico +12.1%
Slide 14: Airline Breakdown 9M23
Airline Breakdown 9M23 Total Domestic International 3% / +18%; American Airlines 2% / +26%; 1% / -31%; United Airlines TAR 4% / -11%; Aerolíneas Others 1% / -41%; 1% / -7%; Others 8% / +19%; Magnicharters Volaris 21% / +26%; 14% / +47%; 28% / +18%; Grupo Grupo American 20% / +28%; Aeroméxico Aeroméx
Slide 15: Continued Growth in Aeronautical Revenue
Aeronautical Revenue +22.8% 12000 Ps. (mm) vs 2022 10,000.00 Domestic PAX Charges International PAX Charges 8,670 9,000.00 Aeronautical Revenue Airport Services and others Ps. (mm) 10000 8,000.00 7,056 7,000.00 8000 12% Continued Growth 5,140 5,753 5,278 13% 19% 6,000.00 in Aeronautical 6000 4,347 1
Slide 16: Solid Non-Aeronautical Revenue Performance
Solid Non-Aeronautical Revenue Performance Aeronautical Revenue +14.1% Ps. (mm) vs 2022 Complementary Activities 3,000.0 3,000.00 Baggage-screening systems and leasing 2,544 of non-essential space to airlines. 2,230 2,500.00 2,500.0 1,820 1,625 1,653 15% 2,000.00 1,456 1,171 16% 1,500.00 Diversifica
Slide 17: Commercial Strategy
Commercial Strategy OMA has a commercial area of approximately 23,300 m2 in its 13 airports. We constantly look for the optimization of these areas and the diversification of products and services aligned to our passenger needs. Increase of Optimization of both Maintenance of passenger domestically
Slide 18: Commercial Revenue
Commercial Revenue Includes communications and networks, shared time, hotel promotion, financial services and passenger services. Direct operation and Other management of parking Parking areas across our airports 30% Other Parking 8% Along with advertising providers, we commercialize 900+ VIP Lounge
Slide 19: Diversification Revenue
Diversification Revenue 13%* 10%* 4%* 3%* 1%* OMA NHT2 HILTON INDUSTRIAL REAL ESTATE CARGA COLLECTION GARDEN INN PARK MTY & OTHER Revenues: -3.0% vs 3Q22 Avg. Room Rate: Ps. 2,387 Avg. Room Rate: Ps. 2,535 Revenues: +13% vs 3Q22 +35.2% revenues Tons handled: Occupancy Rate: 86.3% (vs Occupancy Rate:
Slide 20: Historical Non-Aeronautical Revenue Growth per PAX
Non-Aeronautical Revenue per Passenger Commercial Revenues CAGR 2017 - LTM Sep 2023 Diversification Revenues +4.4% 120.00 Complementary Revenues 120.0 106 96 96 100.00 92 100.0 17% 75 79 16% 15% 80.00 74 18% 80.0 16% 16% 34% 16% 34% 33% 60.00 34% 60.0 34% Historical Non- 40.00 36% 35% 40.0 Aeronauti
Slide 21: Cost and Efficiency
Strategy Operating Costs and Expenses / Passenger • Development of a culture of savings • Improvement of operational systems • Seek operational leverage • Optimization of contracted Cost and services (Index 100=2017) Efficiency • Energy consumption efficiency 2017 2018 2019 2020 2021 2022 LTM Sep23
Slide 22: Consistent Shareholders' Value
Payout Ratio % Dividend Yield %1 6,370 Dividends (Ps. Millions)2 3,750 2,300 1,400 1,600 1,600 1,600 1,200 - 12.4 6.2 Consistent 4.4 4.2 4.5 3.9 4.3 4.2 Shareholders’ 580 Value 147 156 - 117 96 75 80 56 - 2014 2015 2016 2017 2018 2019 2020 2021 2022 1 Dividend yield was calculated with the share pri
Slide 23: Healthy Balance Sheet
Healthy Balance Sheet Low Leverage Strong Financial Position (Net Debt/Adjusted EBITDA) 1.0 1.0 (Ps.mm) 0.8 0.7 0.5 0.5 0.4 10,675 0.3 0.3 8,456 2,219 2015 2016 2017 2018 2019 2020 2021 2022 LTM Sep23 Total Debt Cash Net Debt Manageable Maturity Profile Debt Profile Highest Credit Ratings in Mexico
Slide 24: Master Development Program 2021-2025
Master Development Program 2021-2025 Committed Investments by Period 2,521 Total 2,451 Committed 3,397 Investment* 15,136 3,442 Ps. 15,136mm 3,326 2021 2022 2023 2024 2025 Total Committed Investments in line with passenger contribution Others 8% Note: 14% of Total Committed Investments Represents Ma
Slide 25: Maximum Tariffs
Maximum Tariff Compliance 97.8% 99.0% 99.3% 94.5% 92.1% 89.5% 2017 2018 2019 2020 2021 2022 Maximum Tariffs Visibility on Tariffs (Maximum Tariffs per year 1) 333 331 328 326 323 2021 2022 2023 2024 2025 1 Weighted average using 2019 passenger traffic, expressed in constant MXN of December 31, 2022
Slide 26: Value Creation Strategy
Foster Passenger Traffic and Connectivity 1 • Monterrey HUB • Regional bases of operation • International passenger development Maximize Commercial Revenues • • • Increase commercial areas • Concentration of commercial activity in airside Direct operation of businesses (VIP Lounges) Competitive proc
Slide 27: Mexico's Favorable Demographics
Air Industry has Low Penetration in Mexico… Flights per capita per year 2.8 1.1 0.5 0.5 0.5 0.6 Brazil Perú Mexico Colombia Chile United States Mexico’s Source: Airbus 2022. (Global Market Forecast 2022-2041) And favorable demographics Favorable Growing potentially new travelers Demographics Populat
Slide 28: Industry Capacity in Mexico
Seat Capacity Aeroméxico (thousands of available seats) Interjet Volaris 65 70 62 VivaAerobus 60 54 Others 50 3% 55 60 50 45 6% 23% 4% 50 40 13% 40 22% 26% 35% 30 36% N/A 20% 20 10 35% 38% 39% Industry - 2020 2021 2022 Sep 2023 Capacity in Fleet (number of airplanes) 377 Mexico 400 350 341 297 358 3
Slide 29: Contact
Contact Chief Financial Officer Ruffo Pérez Pliego del Castillo rperezpliego@oma.aero Investor Relations Luis Emmanuel Camacho Thierry ecamacho@oma.aero +52.81.8625.4308 Follow us on: 29
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. — Q3 2023 Earnings Presentation on 6ix