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 2020 Earnings Presentation
28 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 29, 2020
Slide 1: OMA Announces First Quarter 2020 Operating and Financial Results
OMA Announces First Quarter 2020 Operating and Financial Results Mexico City, Mexico, April 28, 2020 — 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: 1Q19 / 1Q20 summary table
1q19_ 1020 Ker 4323«41275~~—«36) 42644038 7976 (2.9) 19218160) 9a 1896 @3) 1270 1239) 226% 722% 428 4088.9) 581% 572% 760 ~—«970 757 966 192247 079 ose
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Slide 5: Commercial Operations
Commercial Operations OMA implemented 21 commercial initiatives in the quarter. The commercial space occupancy rate in the passenger terminals was 97.0%.
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Slide 8: Diversification
Diversification revenues decreased 4.8%, mainly due to lower revenues from hotel services.
Slide 9: Construction
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: Costs and expenses
The major maintenance provision was Ps.48 million. The outstanding balance of the maintenance provision was Ps. 993 million. The airport concession tax increased 1.2% as a result of higher revenues; technical assistance decreased 3.1%. As a result of the foregoing, total operating costs and expenses
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Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating income decreased 3.9% to Ps.1,084 million, with an operating margin of 57.2%. Adjusted EBITDA decreased 2.4%, with an Adjusted EBITDA margin of 72.2%.
Slide 14: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Income was Ps.289 million, mainly as a result of the foreign exchange gain.
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Slide 18: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement In the first three months of 2020, cash flows from operating activities decreased 33.0% to Ps.735 million, compared to same period of 2019. This reduction is mainly explained by higher tax payme
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Slide 20: COVID-19 Update
COVID-19 Update COVID 19: In the second half of March, Mexican authorities began to implement measures to reduce the spread of COVID-19 through recommendations for social distancing and reduction of non-essential activities. On March 30, the General Health Council declared the disease caused by COVI
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Slide 22: Passenger Traffic
Grupo Aeroportuario del Centro Norte, Passenger Traffi (Terminal Passengers - Excludes Transit Passengers) Total Passengers 1919 1920 %Var Acapulco 215,213 221,742 3.0 Ciudad Judrez 335,294 323,672 3.5) Culiacén 566,323 538,316 (4.9) Chihuahua 349,381 343,640 (1.6) Durango 95,599 117,642 28.1 Mazatl
Slide 23: Consolidated Balance Sheet
del Centro Norte, lated Balance Sheet (Thousands of Pesos) March34, December 31, March 31, evar Var 2019 2019 2020 Mar20/Mari9___Mar20/Deci9 Assets Current assets Cash and Cash Equivalents 3,820,965 3,429,873 4,166,612 9.0 21.5 Trade Accounts Receivable -Net 680,937 787,756 756,410 at (0.2) Trade Ac
Slide 24: Consolidated Statement of Comprehensive Income
rtuario del CentroNorte, S.A. Unaudited Consolidated Statement of Comprehensive Income (Thousands of Pesos} 1Q19 1Q20 % Var Revenues Aeronautical Revenues 1,323,300 1,275,294 (3.6) Non-Aeronautical Revenues 426,012 440,356 3.4 Aeronautical Revenues +Non-Aeronautical Revenues 1,749,312 1,715,650 (1.9
Slide 25: Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, 5.4.B. de C.V. Unaudited Consolidated Cash Flow Statement (Thousands of Pesos) AsofMarch31, 2019 2020 %Var. OperatingActivities Pmcome Before indy O88647 1,872,521 26.7 | Depreciation and Amortization 100,087 107,585 75 Major Maintenance Provision 41,637 47,807
Slide 26: Statement of Changes in Stockholders' Equity
Aatditioral share Nome Total Numberot Capital stock Paid-in Retained Repurchase lator Controlling Stockholder's Shares Norra Capital Earnings Reserve Obligation Interest Eauity Balarceasof December 31,2018 393,486,466 303,398 29,786 6,534,808 1,866,016 13,178 168,789 8,511,927 ‘comprehensive Income
Slide 27: Results by Airport
Grupo Aeroportuario del Centro Norte, §.A.B. de C.V. (Thousands of Pesos} Monterrey 1qi9 1920 Culiacan 1Q19 1920 Total Revenues 811,591 756,157 Total Revenues 163,039 168,657 Aeronautical Revenues 559,811 528,525 Aeronautical Revenues 143,018 137,191 Non- Aeronatical Revenue 165,146 173,488 Non- Aer
Slide 28: 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 2020 Earnings Presentation on 6ix