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 — Q4 2019 Earnings Presentation
27 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Feb 14, 2020
Slide 1: OMA Announces Fourth Quarter and Full Year 2019 Results
OMA Announces Fourth Quarter and Full Year 2019 Operating and Financial Results Mexico City, Mexico, February 13, 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 oper
Slide 2: Key financial indicators
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Slide 3: 4Q19 Operating Results
OMA will hold its 4Q19 earnings conference call on February 14, 2020 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 13698701. The conference call will also be available by webcast at http://ir.om
Slide 4: Domestic routes
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Slide 5: Total passenger traffic
Total passenger traffic increased 7.6%. Of total traffic, 88.2% was domestic and 11.8% was international. Domestic passenger traf fic increased 7.3%. Twelve airports increased traffic. The airports with the largest increases were: ▪ Monterrey (+3.0%) , mainly on the Mexico City, Tijuana and Cancún r
Slide 6: Commercial Operations
Commercial Operations OMA implemented 24 commercial initiatives in the quarter. The commercial space occupancy rate in the passenger terminals was 97.2%.
Slide 7: Hotel, Freight Logistics and Industrial Services
Hotel Services ▪ The NH Collection Terminal 2 Hotel had an 88.1% occupancy rate, an increase of 2.8 percentage points compared to 4Q18. The average room rate was Ps.2,366 per night. ▪ The Hilton Garden Inn had a 76.4% occupancy rate, an increase of 0.9 percentage points, with an average room rate of
Slide 8: Aeronautical revenues
OMA
Slide 9: Diversification revenues
Diversification revenues grew 7.0%, mainly due to higher revenues from OMA Carga, hotel services and industrial services.
Slide 10: 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 11: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) decreased 3.4%, mainly due to lower payroll expenses and basic services. These savings were partially offset by an increase in minor maintenance cost. Additionally, the adoption of IFRS 16
Slide 12: Major maintenance provision and taxes
The major maintenance provision was Ps.133.8 million. The outstanding balance of the maintenance provision was Ps. 954 million. The airport concession tax increased 13.4% as a result of the growth in revenues, while the technical assistance fee decreased 19.2%. Effective January, 2019, technical ass
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating income rose 10.0% to Ps.1,165 million, with an operating margin of 51.5%. Adjusted EBITDA increased 15.2%, with an Adjusted EBITDA margin of 73.2%.
Slide 14: Adjusted EBITDA
OMA
Slide 15: Financing Income, Taxes, and Net Income
Financing Income, Taxes, and Net Income Financing Expense was Ps.118 million.
Slide 16: Investment expenditures
The most important investment expenditures included:
Slide 17: Capital investments table
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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 2019, cash flows from operating activities increased 1.0% to Ps.3,747 million, compared to same period of 2018. Investing activities used cash of Ps. 982 million in 2019. Outflows included Ps.1,086 million for improvements to concessioned assets and Ps.87 million for acquisiti
Slide 20: Material Events
Material Events Monterrey International Airport Expansion Project: On November 8, 2019, OMA started the Monterrey International Airport Expansion Project. The investment to be executed between 2019 and 2025 is approximately Ps.4,245 million. After this expansion, the Monterrey airport will have a ca
Slide 21: Slide 21
Slide 22: Unaudited Consolidated Balance Sheet
Grupo Aeroportuari Unaudited Cons: dec. del Centro Norte, S. ated Balance Sheet (Thousands of Pesos) December 31, December 31, %Var 2018 2019 Dic19/Dic18 Assets Current Assets Cashand Cash Equivalents 2,958,902 3,429,873 15.9 Other Investments Held to Maturity 19,657 - (100.0) Trade Accounts Receiva
Slide 23: Unaudited Consolidated Statement of Comprehensive Income
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Statement ot Comprehensive Income (Thousands of Pesos) 4Q18 4Q19___%Var 2018 2019 _%Var Revenues Aeronautical Revenues 1,311,544 1,442,325 10.0 5,140,052 5,752,662 11.9 Non-Aeronautical Revenues 430,626 472,953 98 1,625,497
Slide 24: Unaudited Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de C. Unaudited Consolidated Cash Flow Statement (Thousands of Pesos) AsofDecember31, 2018 2019 % Var. Operating Activities Income Before Taxes 3,985,582 4,599,656 15.4 Depreciation and Amorti 351,745 415,252 18.1 Major Maintenance Provision 248,636 292,3
Slide 25: Supplemental financial tables
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Slide 26: Passenger traffic by airport
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Slide 27: 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 — Q4 2019 Earnings Presentation on 6ix