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 2025 Earnings Presentation
23 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 29, 2025
Slide 1: 1Q25 earnings conference call details
OMA will hold its 1Q25 earnings conference call on April 29, 2025 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 13753141. The conference call will also be available by webcast at: htt
Slide 2: Passenger traffic
* There was no other airline operating this route. Total passenger traffic reached 6.4 million passengers, an increase of 9.1% as compared to 1Q24. During the quarter, of total traffic, 83.5% was domestic and 16.5% was international. Domestic passenger traffic grew 8.0%, compared to 1Q24, while inte
Slide 3: Commercial Operations and Consolidated Financial Results
Commercial Operations The commercial space occupancy rate in the passenger terminals was 96.0% as of March 31, 2025. Freight Logistics Services § OMA Carga’s revenues increased by 29.7%, as compared to 1Q24, due to an increase in revenues from the air cargo operations in Monterrey. Hotel Services §
Slide 4: Non-aeronautical revenues increased 20.9%
Non-aeronautical revenues increased 20.9%.
Slide 5: Diversification revenues increased 22.0%
Diversification revenues increased 22.0%, mainly due to higher revenues from Industrial Services and OMA Carga.
Slide 6: Non-aeronautical revenues breakdown
(Ps. Thousands) 1024 1025 Diversification Activities: Hotel Services 106,246 117,237 10.3 OMA Carga (Freight Logistics Service) 84,752 109,945 29.7 Real Estate Services 9,827 10,488 67 Industrial Services (OMA VYNMSA Aero Industrial Park) 26,931 42,133 56.4 Other Services 16,358 17,913 95 Total Reve
Slide 7: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 10.2% as compared to 1Q24.
Slide 8: Major maintenance provision and concession tax
The major maintenance provision expense was Ps.53.4 million. The outstanding balance of the maintenance provision as of March 31, 2025 was Ps.2,374 million. The airport concession tax increased 16% to Ps.259.2 million, as a result of the increase in revenues. In relation to the change in the rate fr
Slide 9: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,111 million, 17.7% higher than 1Q24, with an operating margin of 59.2%. Adjusted EBITDA was Ps.2,372 million, 16.1% higher than 1Q24, with a margin of 74.9%.
Slide 10: Financing Expense and Net Income
*Excluding the incremental effect of the concession tax on aeronautical revenues, OMA's Adjusted EBITDA would have been Ps.2,469 million, with a margin of 78.0% during 1Q25. Financing Expense and Net Income Financing Expense grew 13.1% as compared to 1Q24. The increase is primarily due to a lower in
Slide 11: Financing expense table
(P: thousand) Interest Income Changes in Present Value of Financial Leases Changes in Present Value of Major Maintenance Provision Interest Expense from Bank and Issued Debt Interest (Expense) Exchange Gain (Loss), net Total Financing Expense 1024 88,631 (5,616) (58,243) (282,345) (346,204) (18,559)
Slide 12: MDP and Strategic Investments
MDP and Strategic Investments In 1Q25, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.502 million, comprised of Ps.403 million in improvements to concessioned assets, Ps.17 million in major maintenance and Ps.82 million in strategic investments. The
Slide 13: Airport Project Status
Airport Project Status MDP Investments Monterrey Supply and installation of HVAC in three buildings In Process Torreén Second phase of the Terminal Building expansion In Process Culiacén Supply and installation of air conditioning as part of the Terminal Building expansion In Process Monterrey Suppl
Slide 14: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 1Q25, cash flows from operating activities generated cash of Ps.1,918 million. Investing activities used cash for Ps.781 million in the first quarter. Financing activities reflect mainly
Slide 15: Cash flow table
(Ps. Thousands) Income Before Taxes Items not affecting Operating Activities, net Changes in operational assets and liabilities, net Net Flow from Operating Activities Net Flow from Investing Activities Net Flow from Financing Activities Net Increase (Reduction) in Cash and Cash Equivalents Effect o
Slide 16: Passenger Traffic by airport
Pacconger Waffle (Terminal Passengers - excludes Transit Passengers) Totalpaccengers 2926 ng2s svar ‘acapuleo yeaa 1B2375 a6 udad wire asogs ass 10 cullacén asosss = sz7aol 74 chnuahus aso7s 0 azsss 8) Durango amass narra azatlén 4932624800837) Monterrey 2asszd 3012s asa reynosa nisss1 10859 (108) s
Slide 17: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de CN. Unaudited Consolidated Glance Sheet (Thousands of Pesos) March 33, December 31, March 34, Var evar 2028 2026 20s Mar25/Mar24 Mar25/De2a ‘Assets Current Assets ‘Cashand Cash Equivalents 3,438,695 1,556,365 2.266520 ea) 368 ‘Trade Accounts Receivable
Slide 18: Consolidated Statement of Comprehensive Income
roportuaro delCentroNorte, SAB d nsoidsted Statement of Comprehensive Income (Thousands of esos) sara 2025 svar aeronautical Revenues 2053937 2837316 138 Non-teronautical Revenues ge5.252 528500 209 ‘Aeronavticd Revenues+ Nomaeronattica Revenues ‘gress 3465036 136 ‘construction Revenues zoissis _ao2
Slide 19: Consolidated Cash Flows
autted Consnidsted Cath (Thousands of Pses) From January 1to March 33, 2028 2s ‘evan ‘Operating actives Income Before Taxes asisase a7ssgos 38s. Depreciation and amortiaton 178.597 vores tet Najor NaintenanceProwsion 388 53435 (253) Doubt Accounts Provision m2 rss 1588 (Profit) Loss on Sales of Mach
Slide 20: Statement of changes in stockholders' equity
Grupo Aeroportuario del Centro Norte, SAB de: ‘nauted statement of changesin stocolders suity fas of ward 31,2028 [housand Pesos) Additional ‘Shae Non- seta Number of capita stock rien Repurchase Labor controling stodolders shares Nomina cits Reserve cottons Interest sauity ‘dance asf December 33,20
Slide 21: Statement of changes in stockholders' equity
Number of capita stock radia retained repurchase Labor controting stodbolders Shae Nomina cit nings Reserve biigaions interest equity ‘dance as of December 33,2024 386,169,425 27782 29786 550,167 +1500,000 p19 159863 30586237 Comprehensive income ass) : - : a2gess - - 7308 2704788 ‘Bdance as of Marc
Slide 22: Operating Result by Airport
Grupo Aeroportuario del Centro Norte, SAB. de Unaudited Operating Result by Airport (Thousands of Pasos) Monterr 1m4 1025 cutiacin 1024 1025 Tol Revenues 261581 1525331, Total Revenues 335,119, 220378 ‘Aeronautical Revenues 947293 1,108,942 ‘Aeronautical Revenues 162,233 193175 Non- Aeronatical Reve
Slide 23: About OMA
About OMA Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, a
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