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 2022 Earnings Presentation
36 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 26, 2022
Slide 1: OMA Announces First Quarter 2022 Operating and Financial Results
OMA Announces First Quarter 2022 Operating and Financial Results Mexico City, Mexico, April 25, 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 for
Slide 2: Key financial and operating results table
Passenger Traffic 5,114 3,025 4,604 (10.0) 522 Aeronautical Revenues 1323 872 1398 53 59.7 Non-Aeronautical Revenues 426 318 481 130 515 ‘Aeronautical + Non-Aeronautical Revenues 1749 1,190 1874 ma 575 Construction Revenues 192 293 332 727. 134 Total Revenues 19421483 2,206 136 488 Adjusted EBITDA 1
Slide 3: Passenger traffic
Total passenger traffic reached 4.6 million passengers, an increase of 52.2% as compared to 1Q21 and a decrease of 10.0% versus 1Q19. During the quarter, of total traffic, 87.2% was domestic and 12.8% was international. Domestic passenger traffic increased 52.2%, compared to 1Q21, while internationa
Slide 4: OMA
OMA
Slide 5: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 87.7% as of March 31, 2022. Freight Logistics Services § OMA Carga’s revenues increased by 15.0%, compared to 1Q21 due to higher handling, storage and custody activity related to ground import cargo. Total tonna
Slide 6: Consolidated Financial Results
Consolidated Financial Results Revenues Aeronautical revenues increased 59.7% mainly due to an increase in passenger traffic, compared to 1Q21, as well as the increase in aeronautical tariffs.
Slide 7: Commercial activities revenues
(Eee) 1021 1022, %Var ‘Commercial Activiti Parking 34,050 s9990 762 Advertising 12,746 15480215 Retail 14.941 25574712 Duty Free 2,322 5035 1168 Restaurants 20,982 36738755 Car Rentals 27,215 44353622 Passenger Services 768 979 (283 Time Shares & Hotel Promotion 2,914 4281469 Communications and Netw
Slide 8: Diversification revenues increased 38.0%
Diversification revenues increased 38.0%, mainly due to higher revenues from hotel services and OMA Carga.
Slide 9: 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 10: OMA
OMA
Slide 11: Operating costs and expenses
The major maintenance provision was Ps.82 million. The outstanding balance of the maintenance provision as of March 31, 2022 was Ps.1,810 million. The airport concession tax was Ps.86 million and the technical assistance fee was Ps.36 million. As a result of the foregoing, total operating costs and
Slide 12: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,196 million, with an operating margin of 54.2%. Adjusted EBITDA was Ps.1,409 million, with a margin of 75.2%.
Slide 13: OMA
OMA
Slide 14: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.165 million, an increase of Ps.131 million, mainly due to a higher interest expense as a result of additional debt and an exchange loss.
Slide 15: Net income table
Slide 16: MDP and Strategic Investments
MDP and Strategic Investments In 1Q22, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.430 million, comprised of Ps.332 million in improvements to concessioned assets, Ps.52 million in major maintenance, Ps.44 million in strategic investments, and Ps.
Slide 17: Major investment expenditures
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Slide 18: Debt maturities
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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 1Q22, cash flows from operating activities generated cash of Ps.717 million. Investing activities used cash for Ps.250 million in the first quarter. Financing activities reflect a dividen
Slide 20: Subsequent Events
Subsequent Events OMA’s General Annual Ordinary Shareholders’ Meeting. On April 22, 2022, at the Shareholders’ Meeting, shareholders approved, among other matters, the payment of a cash dividend to shareholders of Ps.2,300,000,000.00 (Two billion three hundred million Pesos and 00/100) which will be
Slide 21: Sustainability-linked notes issuance
§ Ps.1,700 million in 5-year Notes (ticker: OMA 22L) at a variable rate of TIIE 28 + 14 basis points. The Notes will pay interests every 28 days, and principal amount will be paid at maturity on March 25, 2027. § Ps.2,300 million in 7-year Notes (ticker: OMA 22-2L) at a fixed rate of 9.35%. The Note
Slide 22: OMA
OMA
Slide 23: Passenger Traffic by airport
Grupo Aeroportuario del Centro Norte, S. je CV. Passenger Traffic (Terminal Passengers - Excludes Transit Passengers) Total Passengers 1021 1022 % Var Acapulco 129,980 202,248 55.6 Ciudad Juarez 232,286 391,008 68.3 Culiacdén 399,242 504,540 26.4 Chihuahua 239,244 322,823 34.9 Durango 74,219 106,138
Slide 24: OMA
OMA
Slide 25: Consolidated Statement of Financial Position
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Slide 26: OMA
OMA
Slide 27: Unaudited Consolidated Statement of Comprehensive Income
po Aeroportuario del Centro Nort Unaudited Consolidated Statement of Compreh (Thousands of Pesos) tg21 1022 36 Var Revenues ‘Aeronautical Revenues 871,953, 41,392,799 597 Non-Aeronautical Revenues 317,726 481,211, 515. ‘Aeronautical Revenues + Non-Aeronautical Revenues 1,189,679 1,874,010 75 ‘Constr
Slide 28: OMA
OMA
Slide 29: Consolidated Statement of Cash Flows
Grupo Aeroportuario del U (Thousands of Pesos) From January 1 to March 31, 2021 2022 % Var. ‘Operating Activities Income Before Taxes 577,899, 1,031,709 TBS Depreciation and Amortization 118,07 130,606 10.6 Major Maintenance Provision 78,290 82,135 49 Doubtful Accounts Provision 5,577 1,673 (70.0) (
Slide 30: OMA
OMA
Slide 31: Statement of Changes in Stockholders' Equity
Slide 32: OMA
OMA
Slide 33: Results by airport
(Thousands of Pesos) Monterrey 1021 1022 Culiacén 1021 1022 Total Revenues 596,769 845,536 Total Revenues 157,530 184,237 ‘Aeronautical Revenues 361,043 555,163, ‘Aeronautical Revenues, 114,097 154,431 Non- Aeronatical Revenues. 11549 158,202 Non- Aeronatical Revenues 14,696 14361, Construction Reve
Slide 34: 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 35: Analyst Coverage
Analyst Coverage In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:
Slide 36: 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 2022 Earnings Presentation on 6ix