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 — Q1 2021 Earnings Presentation
37 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 28, 2021
Slide 1: OMA Announces First Quarter 2021 Operating and Financial Results
OMA Announces First Quarter 2021 Operating and Financial Results Mexico City, Mexico, April 27, 2021 — 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 for
Slide 2: Key financial and traffic figures
10201021 %Var 3,025 (7.8) (Thousand Pa: Passenger Traffic ng “Aeronautical + Non-Aeronautical Revenues Income __ Operating Margin (36) spe Consolidated Net Income Net Income of Controlling Interest 416 (67.1) 415 (57.0)
Slide 3: 1Q21 Operating Results
OMA will hold its 1Q20 earnings conference call on April 28, 2021 at 11 am Eastern time, 10 am 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 13719107. The conference call will also be available by webcast at http://ir.oma.a
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Slide 5: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 87.1% as of March 31, 2021. During the quarter, a total of 224.8 m 2 in commercial spaces were vacated. Freight Logistics Services ■ OMA Carga ’s revenues increased by 29.9% due to higher handling, storage and c
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Slide 7: Diversification revenues decreased 15.8%
Diversification revenues decreased 15.8%, mainly due to lower revenues from hotel services, which were partially offset by higher revenues from OMA Carga and the OMA VYNMSA aero industrial park.
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Slide 9: 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
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Slide 11: Major maintenance provision and operating costs
The major maintenance provision was Ps.78 million, and reflects a higher level of future executions of major maintenance works, pursuant to the Master Development Program for the period 2021-2025. The outstanding balance of the maintenance provision as of March 31, 2021 was Ps. 1,395 million. The ai
Slide 12: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.612 million, with an operating margin of 41.3%. Adjusted EBITDA was Ps.808 million, with an Adjusted EBITDA margin of 67.9%.
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Slide 14: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Expense was Ps.34 million, mainly due to the interest expense recorded.
Slide 15: Net income and earnings per share
Ps. thousand) 10201021. Consolidated Net income 970,471 416,430 Netincome margin 512% 28.1% Non-controlling interest 4,968 1,421 (71.4) Net income of controlling interet_ 965,503 415,009 (57.0) Earnings per Share, Ps. 247 1.06 (56.9)
Slide 16: MDP and Strategic Investments
MDP and Strategic Investments In 1Q21, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.360 million, comprised of Ps.293 million in improvements to concessioned assets, Ps.28 million in major maintenance, and Ps.39 million in strategic investments. The
Slide 17: Major investment expenditures by airport
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Slide 18: Derivatives
Derivatives As of the date of this report, OMA has no financial derivatives exposure.
Slide 19: Cash Flow Statement
Cash Flow Statement In 1Q21, cash flows from operating activities generated cash of Ps.736 million, in line with the same period of 2020. The lower income before taxes was partially offset by a lower tax payments, compared to 1Q20. Investing activities used cash of Ps.491 million in the first quarte
Slide 20: COVID-19 Update
COVID-19 Update Passenger traffic during January was affected by the uncertainty generated from a second wave of worldwide contagions from COVID-19 and the return to red (maximum risk) in several states of the country, including Nuevo León and Mexico City. Since January, Canada suspended flights to
Slide 21: Relevant Events
Relevant Events OMA’s Annual General Shareholders’ Meeting . The Meeting, held on April 21, 2021, approved, among other matters, the declaration and payment of a cash dividend to shareholders of up to $2,000´000,000.00 (Two billion Pesos and 00/100), and delegated to the Board of Directors the power
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Slide 23: Passenger Traffic
Grupo Aeroportuario del Centro Norte, S. rasonger Trafic (Terminal Passengers -Excludes Transit Passengers) B.deCN. Total Passenger 1020 1Q21___%var "Acapulco 729,980 Ciudad Juarez 323,672 232,286 Culiacén 538,316 399,242 Chihuahua 343,640 239,244 Durango 117,642 74,219 Mazatlan 321951 223,361 Monte
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Slide 25: Consolidated Statement of Financial Position
‘Grupo Aeroportuaio del Centro Norte, (Thousands of Pesos) ‘March31, December31,—-March34, svar {ash and cash equivalents 4,166,612 2,958,808 3.155.538 ade Accounts Receivable-Net 756,10, 833,683 ‘301,770 ‘ade Accounts Receivable tom Related Parties 163.253, 214209 400,375, Recoverable Taxes 366,001
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Slide 27: Consolidated Statement of Comprehensive Income
Grupo Aeroportuario del Centro Norte, SAB. de C. Unaudited Consolidated Statement of Comprehensiv (Thousands of Pesos) 1020 3021 Var Revenues ‘Aeronautical Revenues 41,275,298 871,953 (16) ‘Non-Aeronautical Revenues 440,356 317,726 (27.8) “Aeronautical Revenues + Non-Aeronautical Revenues 11,715,550
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Slide 29: Consolidated Cash Flow Statement
‘Grupo Aeroportuario del Centro Norte, A.B. de CY. Unaudited Consolidated Cash Flow Statement Thousands of Pesce) From January 1 to March 3, 2020 aon. svar ‘Operating Activities Income Before Taxes _ —_ 1ansa. s77s99___(573) Depreciation and Amortization 107585 usr” 98 Major Mainenance Provision 780
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Slide 31: Statement of Changes in Stockholders' Equity 2020
Additional Share Non- Total Number of Capital stock Pain Retained Repurchase Labor Controlling Stockholder's shares Nominal Capital Earnings Reserve Obligations Interest Equity Balance as of December 31,2019 331,300,815, 301,739 23,786 3,321,937 3,257,458 4194 172,385 9,387,495 Reissuance (Repurchas
Slide 32: Statement of Changes in Stockholders' Equity 2021
upo Aeroportuario del sited Statement of Changes in Stockho “As of March 33, 2024 (Th Additional Share Non- Total Number of Capital stock Paldin Retained Repurchase Labor Controlling Stockholder's shares Nominal Capital Earnings Reserve Obligations Interest Equity Balance as of December 34, 2020 390
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Slide 34: Operating Results by Airport
Grupo Aeroportuario del Centro Norte, S. Unaudited Operating Results by Airport (Thousands of Pesos) Monterrey 1020 1921 Culiacén 120 3921 Total Revenues 756,157 596,768 Total Revenues 168,657 157,530 Aeronautical Revenues 528,525 361,043 ‘Aeronautical Revenues 137,191, 114,097 ‘Non: Aeronatical Rev
Slide 35: 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 36: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 37: Forward-looking statements
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 — Q1 2021 Earnings Presentation on 6ix