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 — Q2 2023 Earnings Presentation
41 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 31, 2023
Slide 1: OMA Announces Second Quarter 2023 Operating and Financial Results
OMA Announces Second Quarter 2023 Operating and Financial Results Mexico City, Mexico, July 28, 2023 — 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: 2Q22 2023 at ¢m2022 62023
2Q22 2023 at ¢m2022 62023 vs 2022 Passenger Traffic 5,880 6,630 128 10,484 —-12,609 housand Passengers and Aeronautical Revenues 3,190 4,212 Non-Aeronautical Revenues 1,043 1,255 Aeronautical + Non-Aeronautical Revenues 4,233 Construction Re Total Revenues Adjusted EBITDA Adjusted EBITDA Margin (%)
Slide 3: Investor Relations
Investor Relations: Luis Emmanuel Camacho Thierry +52 (81) 8625 4308 ecamacho@oma.aero Chief Financial Officer Ruffo Pérez Pliego del Castillo +52 (81) 8625 4300 rperezpliego@oma.aero @9O00 /OMAcropuertos jwww.oma.aero
Slide 4: 2Q23 Operating Results
OMA will hold its 2Q23 earnings conference call on July 31, 2023 at 1:00 p.m. Eastern time, 11:00 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 13739907. The conference call will also be available by webcast at http:
Slide 5: Total passenger traffic reached 6.6 million passengers
Total passenger traffic reached 6.6 million passengers, an increase of 12.8% as compared to 2Q22. During the quarter, of total traffic, 88.5% was domestic and 11.5% was international. Domestic passenger traffic increased 11.9%, compared to 2Q22, while international traffic increased 19.4%. The airpo
Slide 6: OMA
OMA
Slide 7: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 94.3% as of June 30, 2023. Freight Logistics Services § OMA Carga’s revenues decreased by 5.8%, compared to 2Q22 due to a decrease in revenues from storage and custody services related to ground import cargo. To
Slide 8: OMA
OMA
Slide 9: Non-aeronautical revenues increased 15.7%
Non-aeronautical revenues increased 15.7%. Commercial revenues increased 23.3%. The line items with the largest increases were: § Parking, +20.6%, as a result of an increase in passenger traffic and higher penetration in the Monterrey Chihuahua and Reynosa airports, as well as an increase in tariffs
Slide 10: Diversification revenues increased 4.5%
Diversification revenues increased 4.5%, mainly due to higher revenues from Hotel Services.
Slide 11: OMA
OMA
Slide 12: 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 13: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 11.2%, mainly due to higher payroll costs, minor maintenance and other costs and expenses.
Slide 14: OMA
OMA
Slide 15: Major maintenance provision
The major maintenance provision was Ps.81.9 million. The outstanding balance of the maintenance provision as of June 30, 2023 was Ps.2,119 million. The airport concession tax was Ps.140 million and the technical assistance fee was Ps.61 million. Total operating costs and expenses increased 3.5%.
Slide 16: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,053 million, with an operating margin of 56.7%. Adjusted EBITDA was Ps.2,287 million, with a margin of 78.6%.
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OMA
Slide 18: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.282 million, compared to Ps.183 million during 2Q22. The increase was mainly due to a higher interest expense as a result of a higher level of indebtedness and an increase in financing costs.
Slide 19: Consolidated net income in the quarter
Consolidated net income in the quarter was Ps.1,272 million, an increase of 37.0%. Earnings per share , based on net income of the controlling interest was Ps.3.29, and earnings per ADS was US$1.54. Each ADS represents eight Series B shares.
Slide 20: MDP and Strategic Investments
MDP and Strategic Investments In 2Q23, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.884 million, comprised of Ps.710 million in improvements to concessioned assets, Ps.104 million in major maintenance, Ps.68 million in strategic investments and Ps.
Slide 21: OMA
OMA
Slide 22: Airport Project Status
port Project Status MOP Investments ‘Acapulco ‘Minor rehabilitation of runway and taxiway Started ‘Acapulco Rehabilitation of the Mexican Ministry of Defense (SEDENA) and federal police installations Started Chihuahua Minor rehabilitation of runway and construction of general aviation platform Start
Slide 23: Indebtedness
Indebtedness
Slide 24: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 2Q23, cash flows from operating activities generated cash of Ps.1,777 million. Investing activities used cash for Ps.533 million in the second quarter. Financing activities reflect mainly
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OMA
Slide 26: Relevant Events
Relevant Events OMA publishes Annual 2022 Sustainability Report. On July 25, 2023, OMA published its 2022 Sustainability Report, which offers a comprehensive overview of the significant progress made and highlights the various activities and initiatives adopted by OMA during 2022. This report repres
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Slide 28: Passenger Traffic
Grupo Aeroportuario del Centro Norte, S.A.B. de Passenger Traffic (Terminal Passengers - Excludes Transit Passengers) Total Passengers 2022 2023 36 Var 6m 2022 6m 2023 %Var ‘Acapulco 199,879 242,159 212 402,127 504,595 255 Ciudad Juarez 519,568 568,580 94 910,576 1,090,225 19.7 Culiacén 629,645 655,
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OMA
Slide 30: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de Unaudited Consolidated Balance Sheet (Thousands of Pesos) June 30, December 31, June 30, %Var %6Var 2022 2022 2023 Jun23/Jun22____Jun23/Dec22 ‘Assets Current Assets Cash and Cash Equivalents 1,756,611 3,336,420 2,006,087 (39.9) Trade Accounts Receivabl
Slide 31: OMA
OMA
Slide 32: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuarlo del Centro Norte, SAB. de CV. Unaudited Concoidated Statement of Comprehensive Income (Thousands of Pesos) 2922 2023 var___6m2022__6m2023 Var Revenues Aeronautical Revenues i772 2261731 258 © aa90011 421221320 Non Aeronautical Revenues s62109 650,173 137 143320 2sag09 203, “Aeron
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OMA
Slide 34: Unaudited Consolidated Cash Flow Statement
Unaudited Consolidated Cash Flow Statement (Thousands of Pesos) From April 1 to June 30, From January 1 to June 30, 2022 2023 svar. 2022 2023 evar. Operating Activities Income Before Taxes 1,218,484 471,192 454 2,250,193 3,295,102 46.4 Depreciation and Amortization 132,844 152,130 145 263,450 304,41
Slide 35: OMA
OMA
Slide 36: Statement of Changes in Stockholders' Equity
Additional share Non Total Number of Copital stock Palen Retained Repurchase Labor Controling Stockholder's shares Nominal Capital Earnings Reserve Obligations Interest Equity Balance as of December 34,2021 386,169,425 297,782 29,7865 9702141 1,028,188 (1,936) 182271 11,238,232 Dividends Paid : : (6
Slide 37: OMA
OMA
Slide 38: Unaudited Operating Results by Airport
Grupo Aeroportuario del Centro Norte, S.A.B. de C.\ Unaudited Operating Results by Airport (Thousands of Pesos) Monterrey 2022 2023 6m2022 6M 2023 culiacén 2022 2023, 6M 2022 6M 2023 Total Revenues 1,258,795 1,549,833 2,104,332 2,807,203 ‘Total Revenues 280,250 368,087 464,487 680,150 Aeronautical R
Slide 39: 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 40: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 41: 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 — Q2 2023 Earnings Presentation on 6ix