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 2013 Earnings Presentation
22 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 28, 2013
Slide 1: OMA Announces Third Quarter 2013 Earnings
OMA Announces Third Quarter 2013 Earnings Monterrey, Mexico, October 24, 2013 – 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 third quarter of 2013 today. 1 Summary OMA recorded solid resul
Slide 2: Principal developments of the third quarter
The principal developments of the third quarter included: § Terminal passenger traffic increased 5.0% to 3.6 million in 3Q13; domestic traffic increased 6.1%, and international traffic decreased 2.7%. Eight of the 15 airlines at our airports grew traffic in the quarter. § Nine new domestic routes op
Slide 3: Investor and media contacts
» José Luis Guerrero Cortés = > Daniel Wilson OMA, CFO Zemi Communications +52.81.8625.4300 ext. 308 +1.212,689.9560 ext. 264 jlguerrero @oma.aero dbmwilson@zemi.com
Slide 4: Flight operations and passenger traffic
The total number of flight operations (takeoffs and landings) decreased 3.0% to 79,704 operations. Domestic flight operations decreased 2.2% and international operations decreased 8.5%. Total passenger traffic increased 5.0% (+173,305 passengers). Traffic increased in eleven airports, with the large
Slide 5: International passenger traffic
International passenger traffic decreased 2.7%. Six airports had increases in international traffic. The most significant increases were in Zacatecas (+20.4%) and Mazatlán (+5.3%) with increases on their Dallas routes. Seven airports had reductions in international passenger traffic, with the most s
Slide 6: 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 85.4% -- the
Slide 7: Non-aeronautical revenues increased
Non-aeronautical revenues increased 17.5%, principally because of growth in revenues from checked baggage screening services, the NH T2 hotel, and car rental. · NH T2 hotel revenues increased 14.5% to Ps. 47 million, principally as a result of a higher occupancy rate. Revenue per available room (Rev
Slide 8: Non-aeronautical revenues by airport and per passenger
Monterrey contributed 40.2% of non-aeronautical revenues, the NH T2 hotel 22.6%, Mazatlán 4.0%, and Culiacán 3.8%. Non-aeronautical revenues per passenger increased 11.8% to Ps. 57.1; non-aeronautical revenues per passenger have increased for 22 consecutive quarters. Non-aeronautical revenues per pa
Slide 9: Total revenues, costs and operating expenses
Construction revenues were to Ps. 52 million; construction revenues represent the value of improvements to concessioned assets made during the quarter, and are equal to construction costs recognized, and do not generate either a gain or a loss. (See Notes to the Financial Information.) Total revenue
Slide 10: Concession tax, fees and depreciation
The airport concession tax increased 4.9% because of the growth in revenues. The technical assistance fee increased 5.0%, as a result of the increase in EBITDA. Depreciation and amortization increased 10.7%, principally as a result of increased investments, including the expansion and remodeling of
Slide 11: Operating costs and expenses table
(Ps. thousands) 3Q12 3Q1300-% Var M12 OM13-% Var Cost of services 167,127 186,962 1.9 471,012 532,848 13.1 General and Administrative expenses (GA) 109,740 129,230 17.8 333,370 366,379 9.9 ‘Subtotal (Cost of services + GA) 276,867 316,192 14.2 804,382 899,227 11.8 ‘Maintenance Provision 41,052 40,93
Slide 12: Comprehensive Financing Expense
Comprehensive Financing Expense Comprehensive financing expense was Ps. 30 million in 3Q13. The increase is principally the result of the issuance of the OMA 13 Notes ( Certificados Bursatiles ) in March 2013.
Slide 13: Taxes
§ A decrease in cash income tax, including recognition of a Ps. 9 million credit from the deconsolidation of OMA by Empresas ICA, and improved operational management; Taxes The tax provision decreased 12.1% and included the following components: § Increase in deferred income tax and deferred flat ra
Slide 14: Net Income
Net Income Consolidated net income was Ps. 228 million, an increase of 4.4%, and net income of controlling interest was Ps. 227 million, an increase of 4.5%. The increases were principally the results of higher operating income. Earnings per share were Ps. 0.57, and earnings per ADS were US$0.35 per
Slide 15: Capital Expenditures
Capital Expenditures During 3Q13, capital expenditures were Ps. 127 million, including Master Development Plan (MDP) projects and strategic investments. Major maintenance, which is included in the MDP, was Ps. 64 million in 3Q13, and was a charge against the maintenance provision, reducing this long
Slide 16: Cash Flow Statement
Cash Flow Statement For the first nine months of 2013, operating activities generated cash of Ps. 720 million compared to Ps. 880 million during the 2012 period. In 3Q13, there was an outflow of Ps. 104 million resulting from the deconsolidation for tax purposes of OMA by ICA. The net effect is show
Slide 17: Passenger Traffic by airport
Grupo Aeroportuario del Centro Norte, $.A.B. deC.V. Passenger Traffic (Terminal passengers-excludes transit passengers) Total Passengers 3012 3013 %Var oi M13 %Var ‘Acapulco 131,181 165,597 26.2 409,690 465,299 3.6 Ciudad Juarez 190,838, 200,151 49 519,728 517,864 (0.4) Culfacan 304,861 314,180 34 8
Slide 18: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Balance Sheet (Thousands of pesos) September 30 December 31 September 30 9 Var 6 Var 2012 2012, 2013, 3Q13 vs 3Q12 _3Q13 vs 4Q12 Assets Current assets ‘Cash and cash equivalents 788,446 4,152,433 2,026,407 157.0 5.8 Trade Ac
Slide 19: Unaudited Consolidated Statement of Income
Grupo Aeroportuario del Centro Norte, $.A.B. de C.V. Unaudited Consolidated Statement of Income (Thousands of pesos) 3Qi2 3Q13 % Var 9M12 9M13 % Var Revenues Aeronautical services 583,344 610,388 4.6 1,586,365 1,699,705 7A Non-aeronautical services 175,846 206,534 17.5 490,935 «878,998 17.9 Construc
Slide 20: Unaudited Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Cash Flow Statement (Thousands of pesos) January 1 September 30, 2012 2013 Var Operating activities Consalidated netincome 562528 669,219 19.0 teens inresuts related to imesting activities Income Tax omgsr os a) Depreciation
Slide 21: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario det Centro Norte, S.A.B. de C.V. Unaudited Statement of Changes in Stockholders’ Equity For the nine months ending on September 30, 2013 (thousand pesos) ‘Additional Reserve for Non- Total Number of Capitalstock paidin Retained repurchase Labor controlling __stockholder’s Shares
Slide 22: Unaudited Operating Results by Airport
Grupo Aeroportuario del Centro Norte, S.AB.deCV. “Unaudited Operating Results by Aiport “Thousand passengers and thousand pesos Monterrey 3012 3013 gmi2__9N13__Culiacdn 30123013 smi 913 Total passengers ‘Ti 81.4 4,563.5 4,810.0 Total passengers woes SRDS Total Revenues 365,002 «374774 966,422. 1,052
Central North Airport Group — Q3 2013 Earnings Presentation on 6ix