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 2016 Earnings Presentation
39 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 26, 2016
Slide 1: OMA announces Third Quarter 2016 Operational and Financial Results
OMA announces Third Quarter 2016 Operational and Financial Results Monterrey, Mexico, October 25, 2016 — 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 results for the third quarter of 2
Slide 2: The principal results of the third quarter include
The principal results of the third quarter include: §
Slide 3: Investor and media relations contacts
Chief Financial Officer] Viesaly Torres Ruiz +52) 8525 4300 orres@oma sero Investor Relations: Media Relations: Emmanyel Camacho Manuel Higiniode Leén Paola Fernindez +52 (2) 8625 4308 +5264) 8525 4334, +52 (8) 8525 4300 ecamacho@omaaero _mideleon@omaaeso ferandezi@oma sero LauryFranco Castillo Inth
Slide 4: Third quarter highlights
§ Twelve new routes opened in the quarter, including 10 domestic and two international routes. § Aeronautical revenues increased 32.0%, principally as a result of the growth in passenger traffic and an increase in specific tariffs in 2Q16. § Aeronautical revenues per passenger increased 17.6% to Ps.
Slide 5: 3Q16 Operating Results
3Q16 Operating Results Passenger Traffic, Flight Operations, and Cargo Volumes The total number of flight operations (takeoffs and landings) increased 3.8% to 89,451 operations. Domestic flight operations increased 4.8%, and international operations decreased 2.9%.
Slide 6: Total passenger traffic increased 12.2%
Total passenger traffic increased 12.2% (+558,573 passengers). Of total passenger traffic, 89.0% was domestic, and 11.0% was international. Commercial aviation accounted for 98.4% of passenger traffic. Monterrey generated 50.9% of passenger traffic, Culiacán 8.6%, and Chihuahua 7.3%. Domestic passen
Slide 7: OMA
OMA
Slide 8: International passenger traffic decreased 2.0%
International passenger traffic decreased 2.0%. Four airports increased international traffic. Durango (+119.7%; +8,962 passengers) had the largest increase as a result of traffic growth on its Chicago route. Monterrey (-6.9%, -25,390) had the largest decrease, principally because of reductions on t
Slide 9: OMA
OMA
Slide 10: Non-aeronautical revenues increased 18.4%
Non-aeronautical revenues increased 18.4% to Ps. 339 million, and represented 24.3% of the sum of aeronautical and non-aeronautical revenues. The increase reflected principally the expansion of diversification activities. Non-aeronautical revenues per passenger increased 5.6% to Ps. 66.0. Non-aerona
Slide 11: Revenue breakdown table
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Slide 12: Commercial activities contributed an incremental increase
Commercial activities contributed an incremental Ps. 16 million (+10.7%). The line items that had the largest variations were: § Parking revenues (+8.3%; +Ps. 4 million), as a result of the increase in passenger volumes and an increase in long-term parking capacity at the Monterrey airport in 4Q15.
Slide 13: OMA
OMA
Slide 14: Major maintenance provision and operating costs
The major maintenance provision decreased 18.8% compared to 3Q15, as a result of an updating of the variables used to estimate the required provision. The balance of the maintenance provision as of September 30, 2016 was Ps. 734 million, compared to Ps. 604 million at the end of 2015. Construction c
Slide 15: OMA
OMA
Slide 16: Adjusted EBITDA and Operating Income
Adjusted EBITDA and Operating Income As a result of the Company’s continuing initiatives to increase revenues and control costs and expenses, Adjusted EBITDA increased 38.3% to Ps. 931 million. The Adjusted EBITDA margin rose 479 basis points to 66.8%. (See Notes to the Financial Information for add
Slide 17: Adjusted EBITDA reconciliation
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Slide 18: Financing Expense
Financing Expense Financing expense increased 23.6% to Ps. 102 million, as a result of an increase in the exchange loss compared to 3Q15.
Slide 19: Consolidated Net Income
Consolidated Net Income 3oss7o 870 Bh uous aOBas 5.4 Net Margin 96 2556 ast 256 330% Net Income of Non-Contraing Interest 150 406 440.8 2446 am 28 Net Income of Controlling Interest 304,80 482.97 Bh B09 any EPS (Ps) or 433 23 332 EPADS + (USe) 036 op 238 335 “Bases onwagniecaveagechancousianang
Slide 20: MDP and Strategic Investment Expenditures
MDP and Strategic Investment Expenditures Total 3Q16 investment expenditures for MDP projects and strategic investments [3] were Ps. 134 million, and included principally Ps. 106 million in improvements to concessioned assets, Ps. 26 million for major maintenance, and Ps. 2 million was for other non
Slide 21: Footnotes on MDP and strategic investments
__________________________ 3 The amounts for MDP and strategic investments include works, services, and paid and unpaid acquisitions; the latter are included in accounts payable for the period. 4 In Pesos of December 31, 2015 purchasing power.
Slide 22: Debt
Debt As of September 30, 2016, total debt was Ps. 4,698 million and net debt was Ps. 2,087 million. The ratio of net debt to Adjusted EBITDA was 0.85. Of total debt, 95% was denominated in Mexican pesos, and 5% in U.S. dollars.
Slide 23: Derivative Financial Instruments and Cash Flow Statement
Derivative Financial Instruments As of the date of this report, OMA has no derivatives exposure. Cash Flow Statement For the first nine months of 2016, operating activities generated cash of Ps. 1,565 million, a 3.5% increase compared to the same period of 2015. Cash generated from operating activit
Slide 24: OMA
OMA
Slide 25: Material and Subsequent Events
Material and Subsequent Events OMA included in Dow Jones Sustainability Index (DJSI) for Emerging Markets: OMA was selected for inclusion in the Dow Jones Sustainability Index (DJSI) for Emerging Markets, as selected by S&P Dow Jones and RobecoSAM. Change in ownership of OMA’s strategic partner: On
Slide 26: Annex Table
Annex Table 1
Slide 27: Passenger Traffic
Slide 28: Annex Table
Annex Table 2
Slide 29: Consolidated balance sheet
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Slide 30: Annex Table
Annex Table 3
Slide 31: Consolidated income statement
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Slide 32: Annex Table
Annex Table 4
Slide 33: Cash flow statement
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Slide 34: Annex Table
Annex Table 5
Slide 35: Number of capitalized and outstanding shares and earnings per share
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Slide 36: Annex Table
Annex Table 6
Slide 37: Results by airport
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Slide 38: Analysts covering OMA
Annex Table 7 In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 39: Analyst coverage list
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Central North Airport Group — Q3 2016 Earnings Presentation on 6ix