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 — Q3 2022 Earnings Presentation
35 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 31, 2022
Slide 1: OMA Announces Third Quarter 2022 Operating and Financial Results
OMA Announces Third Quarter 2022 Operating and Financial Results Mexico City, Mexico, October 28, 2022 — 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 fo
Slide 2: Controk ba ie aa 2m
Controk ba ie aa 2m 126 303 etme of og et = om me cue io tae Pa es 524 839 2,053 136.8 50.3, PE Scr SPOT
Slide 3: 3Q22 Operating Results
OMA will hold its 3Q22 earnings conference call on October 31, 2022 at 12:00 p.m. Eastern time, 10:00 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 13733556. The conference call will also be available by webcast at h
Slide 4: Total passenger traffic
Total passenger traffic reached 6.3 million passengers, an increase of 22.8% as compared to 3Q21 and an increase of 2.0% versus 3Q19. During the quarter, of total traffic, 89.1% was domestic and 10.9% was international. Domestic passenger traffic increased 25.6%, compared to 3Q21, while internationa
Slide 5: Airports with largest passenger traffic growth
The airports with the largest passenger traffic growth in volume terms as compared to 3Q21, were: ■ Monterrey (+25.6%), on its Mexico City, Guadalajara and Cancún routes. ■ Culiacán (+31.1%), on its Tijuana, Mexicali, San José del Cabo, Guadalajara and Mexico City routes. ■ Chihuahua (+21.4%), on it
Slide 6: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 93.0% as of September 30, 2022. During the quarter, a total of 1,002 m 2 in commercial spaces were occupied, mainly in the Monterrey and Tampico airports. Freight Logistics Services ■ OMA Carga’s revenues increa
Slide 7: Hotel Services
Hotel Services ■ The NH Collection Terminal 2 Hotel had a 78.5% occupancy rate, compared to 69.5% in 3Q21, with an 11.3% increase in the average room rate to Ps.2,448 per night. ■ Hilton Garden Inn had a 76.6% occupancy rate, compared to 51.0% in 3Q21, with a 13.1% increase in the average room rate
Slide 8: Slide 8
Slide 9: Diversification revenues
Diversification revenues increased 34.6%, mainly due to higher revenues from Hotel Services and OMA Carga.
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) increased 15.5%, mainly due to higher payroll costs; contracted services; and materials and supplies.
Slide 12: Major maintenance provision and taxes
The major maintenance provision was Ps.51 million. The outstanding balance of the maintenance provision as of September 30, 2022 was Ps.1,966 million. The airport concession tax was Ps.115 million and the technical assistance fee was Ps.50 million. Total operating costs and expenses increased 20.0%.
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,717 million, with an operating margin of 54.6%. Adjusted EBITDA was Ps.1,907 million, with a margin of 76.5%.
Slide 14: Slide 14
Slide 15: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.219 million, compared to Ps.42 million during 3Q21. The increase was mainly due to a higher interest expense as a result of the level of indebtedness and an increase in financing costs, as well as the variation to the present value of the majo
Slide 16: The most important investment expenditures included
The most important investment expenditures included:
Slide 17: Airport Project
Airport Project [MDP investments Durango ‘Wajor rehabilitation of tavay Tared Durango Remedeling and expansion of ternal bling stared Monterey instalation of baggage screening equipment In Process Zacatecas Rehabilitation of commercial aviation platform nProcess calla Expansion of ternal building In
Slide 18: Debt schedule
‘Scheduted Interest Rate ‘September 28, Oncember 31, September 30, ‘ret Une pj t maturtyn ine 222 2.700 mem ne 202 ‘TE +9989 270000 Oye Bone 3.50 re OMA ach 2023 om sooo 1s00g00 1.500000 Prone O00 ond Reance Dee ute. Foe 00 re OMA Te Tea Taieaes —~Taioa6o “aa Tyo 2500 ere OMA Fe ne 7a Taba Taieae Tw
Slide 19: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 3Q22, cash flows from operating activities generated cash of Ps.1,628 million. Investing activities used cash for Ps.613 million in the third quarter. Financing activities reflect mainly
Slide 20: Subsequent Events
Subsequent Events Agreement between Fintech Advisory and Vinci Airports. On July 31, 2022, OMA was informed by Fintech Advisory Inc. (“Fintech”) that certain affiliates of Fintech had entered into a share purchase agreement with a subsidiary of VINCI Airports SAS (“VINCI”) to indirectly sell 29.9% o
Slide 21: Slide 21
Slide 22: Terminal Passengers by airport
Grape Aeroportuario del Centro Morte, S.A.8, de CN. (Terminal Passengers - Excludes Transit Passengers) saz 3022 svar oma wz svar Tsoi? 26321230 wo. wisaas 290 asa7o1Saas78 7a 1.058.350 assis 38a seizes shasta 2a12 368 a7eao9 253 sort aez0es a 962/005 aais7t 8s 29150 13048730 318.488 bess 1a 2stois
Slide 23: Slide 23
Slide 24: Financial statements
Carers fasts ‘Cabaret Cah alerts
Slide 25: Slide 25
Slide 26: Income statement
‘Aeronteal Revenues sass a0mase 0375206 somes New Aeronautical Reve soos sez952 7s ums nen 385 ‘Reronstial Revenves + Now Aeronautical Revenues “sss aszane 22 4ss57 672635373 Consinetion Revenues 766 652600 se4__ ane. tseao7s 53 “Total Revenues Bares? 3aa5as7 mas Goun2m 9260210368 Operating Costs os
Slide 27: Slide 27
Slide 28: Cash flow statement
‘rom inuary 110 September 30, ‘Spang RES Ineo hire tame soa avansea ar Sereda an nora ‘Sot ‘aa Aja eres Potion 294790 bao Deuba Acs Proton S108 toes (Profil / on on ale of Machinery nd Een Net ex) 2) 58) peice pss) usze) ts ‘ners in Renita Rete to Foci Actintiee rset Yau jr Maan Poin ams as eet gece
Slide 29: Slide 29
Slide 30: Slide 30
Slide 31: Statement of changes in stockholders' equity
Slide 32: Results by airport
Monterey 0m sa owey___ own Toa fevers 3067 erry err ‘errata Ravens eoa20 om) asa say New AeoratetRivenses 158447 vai an 38 ‘orercion Ravens nares nse S796 ess Income frmOpertons ssa sen se wae ‘mo woes 088 sem ma Trl Reruns aise mae aaa aes ‘errata Ravens ane 15427 zsis—sasp0e New AevratelRevemses 1
Slide 33: 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 34: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 35: 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 — Q3 2022 Earnings Presentation on 6ix