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 2014 Earnings Presentation
22 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 25, 2014
Slide 1: OMA Announces Second Quarter 2014 Earnings
OMA Announces Second Quarter 2014 Earnings Monterrey, Mexico, July 24, 2014 – Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), reported its unaudited, consolidated results for the second quarter of 2014 today. [1] Second Quarter 20
Slide 2: Second quarter 2014 principal results
§ Total terminal passenger traffic increased 11.5% to 3.6 million in 2Q14. Domestic traffic increased 12.3%, and international traffic increased 6.9%. Volaris, VivaAerobus, Aeroméxico, Aeromar, Interjet, and TAR accounted for 95% of the increase in total traffic. § Fourteen new domestic routes opene
Slide 3: Contact information
SSS ccc CO SS — 0S yp DB OMA Headquarters: +52. 81.8625.4300 P Chiof Financial Officer: > Investor Relations in USA: José Luis Guerrero Cortés Daniel Wilson / Zemi Communications ilguerrero@oma.aero dbmwilson@zemi.com @® EMPRESA Ext, 308. +1.212.689.9560 RESPONSABLE
Slide 4: Total passenger traffic increased
Total passenger traffic increased 11.5% (+370,519 passengers). All thirteen airports recorded growth, with the most significant increases in Monterrey (+8.6%; +137,791), Culiacán (+11.6%; +34,331), and Reynosa (+33.7%; +29,066). See Annex Table 1, Passenger Traffic for more detail. Of total passenge
Slide 5: International passenger traffic
International passenger traffic increased 6.9%. Ten airports increased international traffic. Monterrey (+5.6%; +13,066 passengers) increased traffic on its Atlanta route. Zacatecas (+29.1%; +5,669) benefitted from increased traffic on the Los Angeles and Dallas routes. Three airports had reduced in
Slide 6: Aeronautical revenues by airport
Monterrey contributed 46.5% of aeronautical revenues, Culiacán, 9.3%, Chihuahua, 6.5%, and Mazatlán, 5.8%. Aeronautical revenues per passenger decreased 0.1% to Ps. 178.2. Non-aeronautical revenues increased 11.3%, principally because of growth in revenues from diversification (+12.9%), and commerci
Slide 7: Non-aeronautical revenues
Monterrey contributed 38.8% of non-aeronautical revenues, the NH T2 hotel, 23.3%, Mazatlán 4.3%, Culiacán, 4.0%, and Chihuahua 4.0%. Non-aeronautical revenues per passenger decreased 0.3% to Ps. 58.6. Non-aeronautical revenues per passenger, excluding the NH T2 hotel, decreased 1.5% to Ps. 45.0. Non
Slide 8: Construction and total revenues
Construction revenues were Ps. 49 million; construction revenues represent the value of improvements to concessioned assets made during the quarter, are equal to construction costs recognized, and do not generate either a gain or a loss. (See Notes to the Financial Information.) Total revenues incre
Slide 9: Costs and operating expenses
Construction costs are equal to construction revenues and do not generate a gain or loss. The airport concession tax increased 10.8% because of the growth in revenues. The technical assistance fee increased 23.9% as a result of the increase in EBITDA. Depreciation and amortization increased 6.0%, pr
Slide 10: Operating costs and expenses table
(Ps. Thousands) Cost of Senices General and Administrative Expenses (GA) Subtotal (Cost of Services + GA) Major Maintenance Prowsion Cost of Construction Concession Taxes Technical Assistance Fee Depreciation & Amortization Other (Income) Expense - Net ‘Total Operating Costs and Expenses 2013 191,05
Slide 11: Financing Expense
Financing Expense Financing expense was Ps. 39 million in 2Q14. The decrease was principally the result of a reduced exchange loss. In addition there was a gain from a change in the estimate of the present value of the maintenance provision.
Slide 12: MDP and Strategic Investment Expenditures
MDP and Strategic Investment Expenditures Total investment expenditures were Ps. 152 million during 2Q14, including MDP projects at the 13 airports and strategic investments. Expenditures under the MDP included improvements to concessioned assets of Ps. 49 million, various smaller accounts, and majo
Slide 13: Major investment projects by airport
Airport Cullacan Monterey Zacatecas ‘Acapulco Ciudad Juarez Monterey Monterey Culfacan San Luis Potosi Mazatlan Project Rehabilitation of central part of runway Rehabilitation of side, center, and edges of runway Expansion of general avation platform and construction of a helicopter parking area Rep
Slide 14: Cash Flow Statement
Cash Flow Statement For the first six months of 2014, operating activities generated cash of Ps. 602 million compared to Ps. 526 million during the same period of 2013. The increase was principally the result of an increase in taxes and accrued expenses, as well as accounts payable. Investing activi
Slide 15: Passenger Traffic
Passenger Traffic (Temminal Passengers - Excludes Transit Passengers) Total Passengers 2013 201s %Var 2013 2016 %Var Acapulco 137,233 149,348 a8 298,702 313,847 a7 Ciudad Juarez 166,548 485,774 15 317,713, 357,169 124 Culiacdn 295,648, 329,979 116 575,416 655,538, 144 Chinuahua 216,699 234,555, at 4
Slide 16: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Balance Sheet (Thousands of Pesos) As of June 30th, evar 2013, 2014 Assets Current Assets Cash and Cash Equivalents 2,093,941 4,496,597 114.7 Trade Accounts Recefvable - Net 332,201 344,829 38 Trade Accounts Receivable ftom
Slide 17: Unaudited Consolidated Statement of Income
‘Grupo Aeroportuario del Centro Norte, SAB. de CV. Unaudited Consolidated Statement of ncome (Thousands of Pesos) 2a1s zai evar 2013 2014 Svar Fevenues ‘Aeronautical Revenues srozot ears 190318 1.05724 (Commercial Dverstcation and Complementary Sevicc 140.533 «tooo 20ND 105 Hoel Revenues 42000 © 488
Slide 18: Consolidated net income and Adjusted EBITDA
“Consolidated Net Income 215733216060 —(08) dat Tag aTI SIS —~GB ‘Other Comprehensive Income: ‘Actual Losses : : na (¢28) - na Defarras Tax Best = ‘i na 107 : na Consolidated Comprehensive Income 215733214060 (oa) aatsis_—arigts___gs ‘Consolidated Net income attributable to: ‘Nor-Conrling nirest ssa
Slide 19: Unaudited Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. ‘Unaudited Consolidated Cash Flow Statement (Thousands of Pesos) ‘As of June 20th, 2013 aoe sear. Spersina Albee Consolidated Net Income aur ariats ee Doubt Accounts Provision area) 2) 2) Heme in Results Related fo hvestng Activites Depreciation a
Slide 20: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A.B de C.V. Unaudited Statement of Changes in Stockholders" Equity As of June 30, 2013 (Thousand Pesos) Additional Reserve for Non- Total Number of Capitalstock Paidin “Retained Repurchase Labor Controlling Stockholders, Shares __Nominal___Capital_Earnings_of
Slide 21: Airport results by airport
ASIN Feere ES, BAD Bek Siete eee ies eee eee ‘Thousand Passengers and Thousand Peso: Monterrey 2013 2014 _Culiacan 20132014 Total Passengers 3,007.0 3,157.9 Total Paccenger: 554 6565 Total Revenue: 696,971 697,632 _Total Revenues 425,370 158,213, Aeronautical Revenues 497,622 523,915 Aeronautical Re
Slide 22: Analysts who cover OMA
In accordance with the regulations of the Mexican Stock Exchange, the analysts who cover OMA are. Company ‘Actimer Casa de Bolsa Bank of America Merill Lynch Barclays Bank PLC BBVA Bancomer Citigroup Credit Suisse Deutsche Bank Grupo Bursatil Mexicano (GBM) Grupo Financiero Interacciones HSBC Interc
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