Grupo Aeroportuario Del Sureste Sab De Cv Class B · BMV:ASUR/B
Grupo Aeroportuario Del Sureste Sab De Cv Class B — Investor Presentation (December 2024)
34 slides from Grupo Aeroportuario Del Sureste Sab De Cv Class B's investor presentation, December 2024
Slide 1: ASUR Aeropuertos del Sureste
ASOR AEROPUERTOS DEL SURESTE Ya Cancun International Airport
Slide 2: Safe Harbor Statement
Safe Harbor Statement Some of the statements contained in this presentation discuss future Company Overview expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR’s filings with the SEC. Regulation Actual developmen
Slide 3: Management Team
Management Team Long Serving Fernando Chico Pardo Adolfo Castro Rivas Experienced Chairman of the Board of Directors Chief Executive and Financial Officer Management Head of Investor Relations Company with company since 2005 with company since 2000 Overview Claudio Góngora Morales Alejandro Pantoja
Slide 4: Investment Highlights
Investment Highlights Key value drivers Company Overview • Long-term concession investments in attractive locations in Mexico, the Caribbean and South America Regulation • Track record of consistent passenger growth Operational Information • Balanced mix of international and domestic traffic Commerc
Slide 5: Progress on ESG Performance
Progress on ESG Performance Continuous commitment to implement ESG Best Practices Company Overview Emissions Welfare of our Workforce Board of Directors: • Permanent program to monitor emissions (scopes 1 and 2) • Health and safety: Promotion of health and safety • 11 members (64% independent member
Slide 6: ESG: Sustainability is a key strategy in our business model
ESG: Sustainability is a key strategy in our business model For many years now, our commitment to sustainability has been aligned with the 2030 Agenda and the Sustainable Development Goals of the United Nations. Member of Bolsa Mexicana de Valores Sustainability Index Company Active participant of U
Slide 7: Airport operations in attractive locations in Mexico, the Caribbean and South America
Airport operations in attractive locations in Mexico, the Caribbean and South America Annual % 2022 2023 Change Total PAX 66.3 70.6 6.4 Domestic PAX 41.8 44.1 5.5 International PAX 24.5 26.4 7.9 Geographical Accumulated Jan - Dec % presence Total PAX 2023 70.6 2024 71.3 Change 1.1 16 airports Domest
Slide 8: Cancún: Close to major Canada, U.S., Mexico & Latin America destinations
Cancún: Close to major Canada, U.S., Mexico & Latin America destinations Illustrative flight times from various Company destinations Overview Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International Page 8
Slide 9: Private airports / airport groups listed on global stock exchanges
Private airports / airport groups listed on global stock exchanges ASUR, GAP and Corporación America are the only Latin American Airport Groups listed on NYSE Company Overview Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International Page 9
Slide 10: Ownership overview
Ownership overview Fernando Chico Pardo & Grupo ADO Company Overview Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International * Aggregate Amount Beneficially Owned by Each Reporting Person, as of November 20, 2024 Page 10 https://www.sec.gov/Archiv
Slide 11: Established regulatory framework with a track record of rate setting precedents
Established regulatory framework with a track record of rate setting precedents Dual Till System Company Regulated + Overview Non Regulated Revenues Regulation Operational Information Commercial Revenues Financial Information Strategic Matters International 2023 Revenues per PAX (ex. Construction Se
Slide 12: Visibility of capital expenditure requirements through 2028
Visibility of capital expenditure requirements through 2028 MDP MDP Investment Commitments (expressed in December 2023, Million Pesos) Committed 8,0 00 7,351 Investments 7,0 00 6,468 6,800 5,511 6,0 00 5,244 1999-2023: 5,0 00 Company 4,004 4,013 3,709 49,273 Overview 4,0 00 3,165 2,985 2,804 2,456 2
Slide 13: ASUR's airports are among the most frequented in Mexico
ASUR’s airports are among the most frequented in Mexico Pax (‘000s) Var % CAGR % Group Airport 2023 Rank 2019 2022 2023 23 vs.22 06-23 1 AICM Mexico City 50,304 46,201 48,377 4.7% 4.1% 2 ASUR Cancún 25,482 30,343 32,750 7.9% 7.4% Mexican 3 GAP Guadalajara 14,824 15,574 17,679 13.5% 6.2% Monterrey 11
Slide 14: Revenue and passenger breakdown
Revenue and passenger breakdown 2023 2023 Revenues by business by airport Total Revenue Ps.18,154M Non-aeronautical 38.0% Regulated Villahermosa Other 10.6% 2.6% per PAX: Commercial 64.5% Merida Ps.417.7 35.5% 6.9% Company Overview Cancun 79.9% Regulation Aeronautical 62.0% Operational Information C
Slide 15: ASUR traffic evolution (México)
ASUR traffic evolution (México) 22.2 43.5 Domestic International Cancun Airport 21.6 41.4 45 .0 39.5 1990 – 2024 40 .0 17.5 34.2 20.8 17.4 33.2 TOTAL PAX 16.7 31.1 35 .0 CAGR: 14.1 29.1 15.4 28.4 32.8 6.1% 14.5 26.1 30 .0 Company 30.4 30.3 12.9 23.2 Overview 11.7 21.1 25 .0 25.5 25.2 10.6 19.2 Regul
Slide 16: ASUR has a balanced mix of domestic and international traffic
ASUR has a balanced mix of domestic and international traffic Passenger traffic by Origin – Destination (million PAX) O&D: 2023 Distribution (% of total) REGION -> Mexico USA Europe Canada Latin America TOTAL 1999 5.0 4.1 0.7 0.3 0.5 10.6 2000 5.0 4.6 0.9 0.4 0.5 11.4 2001 4.9 4.5 0.9 0.5 0.5 11.2 2
Slide 17: Historically, traffic has recovered and grown after exogenous events
Historically, traffic has recovered and grown after exogenous events Mar'24: HISTORICAL MAX 45 Sep. '08: Financial Crisis May '09: AH1N1 Mar '20: COVID-19 40 41.4 M Oct. '05: Hurricane Wilma Passenger 35 Jul. '05: Hurricane Emily traffic during last 12- 30 Million PAX. Note: Excludes transit and gen
Slide 18: Available airplanes in Mexico
Jun 24: After 16 years, 76 additional airplanes available in Mexico Available Airplanes in Mexico 2024 Industry Dec 19, Jun 24, 350 a) Existing Airlines 351 383 Estimates: 350 Jun 08, 300 jun-08 di c-19 jun-24 New Airplanes Var. % Dec 23/Jun 08 307 17 81 136 119 700% 401 VOLARIS 260 250 AEROMEXICO 9
Slide 19: Successful commercial strategy
Successful commercial strategy Nominal CAGR 2000 – 2023: 19.6%; (Mexican CPI CAGR 2000-2023: 4.5%) 2023 commercial revenue per PAX Commercial revenues per passenger per quarter evolution vs. peers (US$/PAX) – converted at a 2023 average (Pesos / Passenger in Mexican pesos as of date reported) FX of
Slide 20: Financial Information 9M 2024 (Mexico)
Financial Information 9M 2024 (Mexico) 9 months % Change ASUR Mexico 2023 2024 Total TOTAL Passengers (thousand) 32,699 31,486 (3.7) Revenues for Total Revenues 13,914,883 16,461,179 18.3 Company 9M’24: Aeronautical 8,415,113 10,420,313 23.8 Overview $15,676,736 Non-Aeronautical - Commercial Revenue
Slide 21: Track record of consistent revenue growth and profitability
Track record of consistent revenue growth and profitability 1999 – 2023 Revenues EBITDA & EBITDA Margin (Ps. Mm) CAGR ’06–’23: 14.7% 75.3% 19,028 Aeronautical 74.8% 18,512 Total 72.8% 72.3% 71.7% 71.5% 71.0% 70.8% Non-Aeronautical 68.2% Revenues 67.7% 13,582 874 65.8% 2,269 64.1% 12,235 62.8% 6,907
Slide 22: ASUR has positively differentiated itself ...
ASUR has positively differentiated itself ... Revenue per PAX in 2023 CAGR in Revenues 2006 – 2023 (%) ACI has 418 13.1% 12.4% named 383 384 11.5% Cancun as the Company best airport in Overview Latin America Regulation for 4 consecutive Operational years CAGR in PAX Traffic 2006 – 2023 (%) CAGR in E
Slide 23: Operating leverage as passenger traffic grows
Operating leverage as passenger traffic grows Revenue and cost per PAX comparison (Nominal Pesos / PAX) 518 513 Controllable expenses Total Revenues Commercial Revenues Revenues 475 417 409 have grown at 378 a faster rate 326 309 309 289 270 than total 252 234 232 232 229 Company 212 205 193 Overvie
Slide 24: Profitability indicators
Profitability indicators Dividends evolution 1999 - 2023 EBITDA – CAPEX Net Income, retained earnings and dividends evolution (Ps. million) 1 (Ps. million) Net income 29,470 2006 229 2007 1,042 Retained earnings 2008 1,049 Company 2009 1,290 Dividends paid Overview Ps. 10.00 - extraordinary Ps. 10.9
Slide 25: Robust corporate governance and board of directors
Robust corporate governance and board of directors Seven out of eleven board members are independent 1 Board of Audit Operations Nominations & Acquisitions & Sustainability High Directors Committee Committee C. Committee C. Committee Committee Corporate Fernando Chico Pardo President X X President G
Slide 26: What's Next?
What’s Next? Short & Long Term Objectives Company Overview • Further develop our commercial business Regulation Operational • Improve our passenger volumes Information Commercial • World Class service – ASQ Program Revenues Financial Information • Improve capital structure Strategic Matters • Monito
Slide 27: ASUR: International Presence
ASUR: International Presence Puerto Rico & Colombia Company Country: Puerto Rico (US) Country: Colombia Overview Start of Operations: Feb 27th, 2013 Start of Operations: Oct 19th, 2017 Regulation Ownership: Ownership: ASUR, ASUR, 60% 100.00% Operational Information Commercial Revenues PSP Investment
Slide 28: Aerostar: Overview
Aerostar: Overview • Luis Munoz Marin International Airport (SJU), in San Juan Puerto Rico (10.3M 10 years of PAX during 2022) is the largest and busiest airport in the Caribbean. successful • Feb 27th, 2013 initiated with the operation of the airport: operation in San Juan, ‐ Term of 40 years Compa
Slide 29: Aerostar: Passenger Traffic Information
Aerostar: Passenger Traffic Information • SJU accounts for over 89.5% of Puerto Rican passenger traffic (as of the end of 2022) Total • Approximately 83% of enplanements are origin and destination (“O&D”) Passenger Traffic 2024: • SJU is served by a strong and diverse group of 35 airlines Company 13
Slide 30: Aerostar: Financial Information 9M 2024 (Puerto Rico)
Aerostar: Financial Information 9M 2024 (Puerto Rico) AEROSTAR: Main Financial Data 9 months % Change Aerostar 2023 2024 Consolidated Consolidated Total TOTAL Passengers (thousand) 9,277 10,048 8.3 Revenues for Total Revenues 3,109,314 3,431,728 10.4 Company 9M’24: Aeronautical 1,536,581 1,578,686 2
Slide 31: Aerostar: Commercial Information 9M 2024 (Puerto Rico)
Aerostar: Commercial Information 9M 2024 (Puerto Rico) AEROSTAR: Commercial Revenues 9 months % 9 months % Aerostar 2023 2024 Change 2023 2024 Change Commercial Consolidated Consolidated Consolidated Consolidated TOTAL PER PASSENGER Revenues per Passenger for Commercial Revenues 1,330,333 1,478,828
Slide 32: Airplan: Overview
Airplan: Overview • This acquisition is an important strategic addition that allows ASUR to enter the Oct 19, 2017: South American market by offering airport services through six airports in ASUR begins Colombia: the operation • RIONEGRO - Jose Maria Cordoba Company of Airplan Overview • MEDELLÍN -
Slide 33: Airplan: Passenger Traffic Information
Airplan: Passenger Traffic Information • Traffic at Airplan airports accounts for 18.7% of passenger traffic in Colombia Total (as of Dec 2021, source: aerocivil.gov.co – latest update) (Bogota Airport, the busiest one in the country accounts for 34.9%, Cali for 9.3% and Cartagena for 8.2%) Passenge
Slide 34: Airplan: Financial Information 9M 2024 (Colombia)
Airplan: Financial Information 9M 2024 (Colombia) AIRPLAN: Main Financial Data 9 months % Change Airplan 2023 2024 Consolidated Consolidated Total TOTAL Passengers (thousand) 11,408 12,563 10.1 Revenues for Total Revenues 1,920,506 2,419,303 26.0 Company 9M’24: Aeronautical 1,427,389 1,785,660 25.1
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