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 2013 Earnings Presentation
21 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Apr 29, 2013
Slide 1: OMA Announces First Quarter 2013 Earnings
OMA Announces First Quarter 2013 Earnings Monterrey, Mexico, April 26, 2013 – Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), reported its unaudited results for the first quarter of 2013 today. 1 Summary OMA recorded solid results
Slide 2: The principal developments of the first quarter included
The principal developments of the first quarter included: § Terminal passenger traffic increased 4.6% to 3.0 million in 1Q13; domestic traffic increased 5.1%, and international traffic increased 2.6%. Seven of the 15 airlines at our airports grew traffic in the quarter. § Three new domestic and one
Slide 3: Contact details
> José Luis Guerrero Cortés | > Daniel Wilson a” OMA, CFO Zemi Communications +52.81.8625.4300 ext. 308 +1.212.689.9560 ext. 264 jlguerrero @oma.aero dimwilson@zemi.com ICAI _\e @ 8 Atnoroars DE pani= SOCIAUMENTE Tmnnnocasat RESPONSABLE
Slide 4: Passenger traffic and flight operations
See Notes to the Financial Information The total number of flight operations (takeoffs and landings) decreased 4.3% to 79,393 operations. Domestic flight operations decreased 5.2% and international operations increased 0.9%. Total passenger traffic increased 4.6% (+133,695 terminal passengers). Traf
Slide 5: International passenger traffic increased 2.6%
International passenger traffic increased 2.6%. Six airports had increases in international traffic. The most significant increases were in Monterrey (+13.1%) with increases from the routes to Dallas and Chicago and Culiacán (+63.4%) with increases on the Los Angeles route. Seven airports had reduct
Slide 6: Aeronautical revenues increased 7.5%
Aeronautical revenues increased 7.5% to Ps. 517 million. Domestic passenger charges increased 9.7% principally as a result of increased domestic traffic. International passenger charges increased 0.4%, as a result of an increase in passenger traffic, which was partially offset by a less favorable ex
Slide 7: Non-aeronautical revenues increased 20.9%
Non-aeronautical revenues increased 20.9%, principally because of growth in revenues from checked baggage screening, OMA Carga, the NH T2 hotel, and advertising. Cargo revenues increased 40.5% to Ps. 9 million in 1Q13. The increase in revenues reflects principally the re-composition of the cargo bus
Slide 8: Costs and Operating Expenses
Costs and Operating Expenses Total cost of services and general and administrative expenses , excluding the maintenance provision, construction costs, and hotel costs and expenses, increased 8.9%. The increase was principally the result of increases in costs for operating checked baggage screening,
Slide 9: Concession tax, technical assistance fee, depreciation
The airport concession tax increased 9.0% because of the growth in revenues. The technical assistance fee increased 10.5%, as a result of the increase in EBITDA. Depreciation and amortization increased 9.9%, principally as a result of increased investments, including the expansion of the Culiacán ai
Slide 10: Adjusted EBITDA and Operating Income
Adjusted EBITDA and Operating Income Adjusted EBITDA increased 12.1% to Ps. 393 million in 1Q13. The Adjusted EBITDA margin was 56.0%, an increase of 70 basis points over the prior year period, and a reflection of OMA’s initiatives to increase cash flow. OMA calculates Adjusted EBITDA as shown in th
Slide 11: Adjusted EBITDA reconciliation (Ps. thousands)
(Ps. thousands) Net Income + Comprehensive Financing cost + Income Taxes Operating income Operating margin % + Depreciation and amortization EBITDA - Construction revenue + Construction expense + Maintenance provision Adjusted EBITDA Adjusted EBITDA margin: Adjusted EBITDA | (Aeronautical revenue +
Slide 12: Comprehensive financing expense and Net Income
Comprehensive financing expense was Ps. 11 million in 1Q13, as compared to a gain in the prior year period. The result reflects a reduction in the exchange gain and an increase in financial expense. The tax provision was Ps. 65 million. There was an increase in current income tax and IETU single-rat
Slide 13: Net income table (Ps. thousands)
(Ps. thousands) Consolidated net income Net margin % Net income (loss) of non-controlling interest Net income of controlling interest EPS* (Ps.) EPADS* (USS) * Based on weighted average shares outstanding ‘See Notesto theF inancial Information 1912 183,890 26.1% (390) 184,280 0.46 0.30 1013 %Var 226
Slide 14: Passenger Traffic
Grupo Aeroportuario del Centro Norte, S.A.B. de CV. Passenger Traffic (Terminal passengers-exciudes transit passengers) Total Passengers 1912 1013 Var “Acapuico 152,668 12,4696 Ciudad wusrez 163,594 151,167 78) Culiacan 262,877 2,768 6A Cituatua 135,540 12778 Durango 57,738 52,484 1) Mazatién 192,99
Slide 15: Unaudited Consolidated Balance Sheet
Grupo Aeroportuario del Centro Norte, S.A.B. deC.V. Unaudited Consolidated Balance Sheet (Thousands of pesos) December31 March 31 March 31 se Var svar 2012 2012 2013 1013 vs4Q12_ 1013 vs 1012 wets Current assets ‘Cash and cash equivalents 1,152,433, 834,071 2,892,630 181.0 246.8 Trade Accounts recei
Slide 16: Unaudited Consolidated Statement of Income
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Statement of Income (Thousands of pesos) 1912 1913 %Var Revenues ‘Aeronautical services aB2aT SIT AIT 75 Non-aeronautical services 152,109 183,829 20.9 Construction services T1145 86,706 21.9 "Fetal revenues 704,501 787,650
Slide 17: Unaudited Consolidated Cash Flow Statement
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Consolidated Cash Flow Statement (Thousands of pesos) January 1- March 31 2012 2013 svar. ‘Dpsratngacthal Consolidated net income 183,890 26017229 tems inresutsrelated to investing activities Income Tax Depreciation andanortization 44598
Slide 18: Financing activities cash flow
Interest expense Dividend paid Capital reimbursement Net cash flow fromfinancing activities Netincrease (reduction) in cash and cash equivalents Cash and equivalents at beginning of period (Gash and equivalents at end of period 22,378) @9,654) 41,087) 172,343 1,510,705 310,437 1,740,197 523,64 1,152
Slide 19: Statement of Changes in Stockholders' Equity 2013
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Unaudited Statement of Changes in Stockholders’ Equity For the three months ending on March 31, 2013 (thousand pesos) Additional Reserve for Non Total Capital stock paid in Retained repurchase Labor controlling stockholder’. Nominal __capital__ear
Slide 20: Statement of Changes in Stockholders' Equity 2012
SD BOLE R Ta es SEN OTR POND P< Ne Unaudited Statement of Changes in Stockholders’ Equity For the three months ending on March 31, 2012 (thousand pesos) ‘Additional Reservefor Non Total Number of Capitalstock paidin Retained repurchase controlling. stockholder's Shares Naminal___capital__earnings __
Slide 21: Unaudited Operating Results by Airport
Grupo Aeroportuario del Centro Norte, S.A.B. de CY. “Unaudited Operating Results by Aiport “Thousand passengers and thousand pesos Monterrey yor 1013 Cullen tor 1013 Total passengers 1,288.8 1,404.1 Total passengers re “Total Revenues 289,162 325,101 Total Revenues 8,081 60,862 ‘Aeronautical service
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