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 2024 Earnings Presentation
38 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 25, 2024
Slide 1: OMA Announces Third Quarter 2024 Operating and Financial Results
OMA Announces Third Quarter 2024 Operating and Financial Results Mexico City, Mexico, October 24, 2024 — 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 financial and operating results fo
Slide 2: 3Q24 Summary Results Table
Var housand Passengers and Milli 3023 3024. 3093 923 om24 Passenger Traffic 7,435 038 (5.3) 20,044 19,398 Aeronautical Revenues 2,502 2416 (3.4) 6714 6674 Non-Aeronautical Revenues 685 815 18.9 1,940 2,240 Aeronautical + Non-Aeronautical Revenues 3,187 3,230 14 8,655 3914 3.0 Construction Revenues 7
Slide 3: 3Q24 Operating Results
OMA will hold its 3Q24 earnings conference call on October 25, 2024 at 10:00 a.m. Eastern time, 8:00 a.m. Mexico City time. Call +1-877-407-9208 toll-free from the U.S. or +1-201-493-6784 from outside the U.S. The conference ID is 13749324. The conference call will also be available by webcast at ht
Slide 4: Passenger Traffic
* There was no other airline operating this route. Total passenger traffic reached 7.0 million passengers, a decrease of 5.3% as compared to 3Q23. During the quarter, of total traffic, 86.8% was domestic and 13.2% was international. Domestic passenger traffic decreased 7.4%, compared to 3Q23, while
Slide 5: OMA
OMA
Slide 6: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 95.3% as of September 30, 2024. Freight Logistics Services § OMA Carga’s revenues increased by 31.6%, compared to 3Q23 due to an increase in revenues from the ground and air cargo operations in Monterrey. Hotel
Slide 7: Consolidated Financial Results
Consolidated Financial Results Revenues Aeronautical revenues decreased 3.4%.
Slide 8: Non-aeronautical revenues increased 18.9%
Non-aeronautical revenues increased 18.9%. Commercial revenues increased 17.0%. The line items with the largest increases were: § Restaurants, +30.0%, as a result of an increase in fixed rents and the contribution of new spaces opened in past quarters. § VIP Lounges, +64.4%, as a result of higher ta
Slide 9: Diversification revenues increased 26.7%
Diversification revenues increased 26.7%, mainly due to higher revenues from OMA Carga and Hotel Services.
Slide 10: OMA
OMA
Slide 11: Construction revenues
Construction revenues represent the value of improvements to concessioned assets. They are equal to construction costs and generate neither a gain nor a loss. Construction revenues and costs are determined based on the advance in the execution of projects in accordance with the airports’ Master Deve
Slide 12: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 6.1% as compared to 3Q23.
Slide 13: Costs and Operating Expenses Table
Ps. Thousands) Payroll Contracted Services (Security, Cleaning and Professional Services) Minor Maintenance Basic Services (Electricity, Water, Telephone) Materials and Supplies Insurance and Bonding Other costs and expenses Cost of Airport Services + G&A Cost of Hotel Services Cost of Industrial Pa
Slide 14: Major maintenance provision and concession tax
The major maintenance provision expense was Ps.75 million. The outstanding balance of the maintenance provision as of September 30, 2024 was Ps.2,119 million. The airport concession tax increased 73% to Ps.262.3 million, as a result of a change in the rate from 5% to 9% applied to the revenues gener
Slide 15: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,168 million, with an operating margin of 58.6%. Adjusted EBITDA was Ps.2,435 million, with a margin of 75.4%.
Slide 16: OMA
OMA
Slide 17: Financing Expense and Net Income
*Excluding the incremental effect of the concession tax on aeronautical revenues, OMA's Adjusted EBITDA would have been Ps.2,553 million, with a margin of 78.4% during 3Q24. For the nine months ended on September 30, 2024, Adjusted EBITDA would have been Ps.6,907 million, with a margin of 77.5% Fina
Slide 18: MDP and Strategic Investments
MDP and Strategic Investments In 3Q24, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.581 million, comprised of Ps.472 million in improvements to concessioned assets, Ps.31 million in major maintenance, Ps.72 million in strategic investments and Ps.6
Slide 19: The most important investment expenditures included
The most important investment expenditures included:
Slide 20: Airport Status
Airport Status MDP Investments 2 Airports Minor rehabilitation of runway and commercial aviation platform in Zihuatanejo and Culiacdn| In Process 2 Airports Expansion of terminal building in Culiacdn and Torreén In Process San Luis Potosi Expansion of commercial aviation platform In Process Monterre
Slide 21: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 3Q24, cash flows from operating activities generated cash of Ps.1,753 million.
Slide 22: Investing and financing activities
Investing activities used cash for Ps.694 million in the third quarter. Financing activities reflect mainly the interest payment related to bonds issued in the securities market, resulting in a net cash outflow of Ps.290 million. The net increase in cash resulting from operating, investing and finan
Slide 23: Relevant Events
Relevant Events. OMA inaugurates expansion of Terminal Building at Durango International Airport. In September 2024, OMA inaugurated the expansion and remodeling project of the Terminal Building at Durango International Airport. The project included the construction of 858 m² and the renovation of a
Slide 24: OMA
OMA
Slide 25: Passenger Traffic by Airport
Grupo Aeroportuario del Centro Norts de Cv. Passenger Traffic (Terminal Passengers - Excludes Transit Passengers) Total Passengers 3023 3024 % Var M23 oma ‘Acapulco 282,018 762.235 (425) 786,611 446,143 Ciudad Juarez 615,062 559,010, (9.1) 4,705,287 1,589,057 Cullacén 741527 588,000 (20.7) «1,986,96
Slide 26: OMA
OMA
Slide 27: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.8. de CV. Unaudited Consolidated Balance She (Thousands of Pesos) September 30, December 31, September 30, var % var 2003 20 202 Sep2s/sep23 Sep24/pec23 fete current Assets ‘Cash and Cash Equivalents 2219822 2576256 2397671 80 69) ‘Trade Accounts Receivable
Slide 28: OMA
OMA
Slide 29: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuarlo del Centro Norte, S.A. de C¥. Unaudited Consolidate Statement of Comprehensive Income (Thousands of Pesos) 3023 3024 Var ow onan svar Aeronautical Revenues 2502102415833 (24 67iaan 67400 06) Not Aeronautical Revenues casa0s__ 81400 191940394 __2,239,506 154 “Aeronautical Revenues
Slide 30: OMA
OMA
Slide 31: Unaudited Consolidated Cash Flow Statement
‘Grupo Aeroportuarlo del Centro Norte, S.A. de CW. Unaudited Consolidated Cach Flow Statement (Thousands of Pesos) from ily 1o September 20, from lanuary 110 September 2, 202 2s evar, 2008 aor seve ‘Operating Activities fncome Before Tees a9se777 ___4896462___{52).___s294a79___ 507th.) Depreciation
Slide 32: OMA
OMA
Slide 33: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A.B. de CV. Unaudited Statement of Changes in Stockholders’ Equity As of September 30, 2023 (Thousand Pesos) Additional Share Non- Total Number of Capital stock Paid-in Retained Repurchase Labor Controlling Stockholder's Shares Nominal Capital Earnings Reserve
Slide 34: OMA
OMA
Slide 35: Unaudited Operating Results by Airport
Grupo Aeroportuario del Centro Norte, $.A.8. de CV. Unaudited Operating Results by Ai (Thousands of Pesos) Mont 3023 3024 ‘oes waa cullacén 3023 3024 owas owaa Total Revenuas 76719 1,660.55 4574322 4873356 Total Revenues, 3egai3 «200372 1068,563, 291,016 ‘Aeronautical Revenues ae eset 3198224 -3252.
Slide 36: Notes to the Financial Information
Notes to the Financial Information Financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”), and presented in accordance with IAS 34 “Interim Financial Reporting.” For more information, please refer to our Quarterly Financial Information submitted to
Slide 37: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 38: Forward-looking information
This report 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 statements may be
Central North Airport Group — Q3 2024 Earnings Presentation on 6ix