Corporacion America Airports Sa · NYSE:CAAP

Corporacion America Airports Sa — Q2 2026 Earnings Presentation

21 slides from Corporacion America Airports Sa's earnings presentation, Aug 18, 2026

  1. Slide 1: Second Quarter 2026 Earnings Call Presentation

    CORPORACION AMERICA AIRPORTS → OPENING REMARKS → KEY HIGHLIGHTS SECOND QUARTER → TRAFFIC & CARGO TRENDS 2026 → FINANCIAL TRENDS → CLOSING REMARKS EARNINGS CALL PRESENTATION → Q&A August 18, 2026 → APPENDIX

  2. Slide 2: Disclaimer and Forward-Looking Statement

    CORPORACIÓN AMÉRICA AIRPORTS 2 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or fees we may charge under our concession agreements, inflation, prospects are forward-looking statements within the meaning of depreciation and devaluation of the AR

  3. Slide 3: Solid Top Line Growth and Robust Liquidity; Adjusted EBITDA Reached $160M, Down 4.5% YoY

    CORPORACIÓN AMÉRICA AIRPORTS 3 → 2Q26 Passenger traffic (PAX) -0.6% YoY Solid Top Line Growth and Robust • Growth across all countries of operations except Domestic traffic in Liquidity; Adjusted EBITDA Reached Argentina (Dom -11.6%, Inter +4.0%) $160M, Down 4.5% YoY on Argentina and • International

  4. Slide 4: Passenger Traffic Marginally Lower (-0.6%) YoY to 20.6M

    CORPORACIÓN AMÉRICA AIRPORTS 4 Passenger Traffic Marginally Lower (-0.6%) YoY to 20.6M; → Total Passenger traffic International Strength Offset by Softer Domestic Travel in Argentina -0.6% YoY → Broad-based growth, except Domestic traffic in Argentina → International +5.9% YoY, Monthly Passenger Tra

  5. Slide 5: Cargo Revenues Down 19.4% YoY on a Difficult Comparison Base in Argentina

    CORPORACIÓN AMÉRICA AIRPORTS 5 Cargo Revenues Down 19.4% YoY on a Difficult Comparison → Cargo Volumes -1.5% YoY, as Base in Argentina; Volumes Down 1.5% YoY growth in Argentina was more than offset by declines across all other countries of operation → Cargo Revenues -19.4% YoY, Monthly Cargo Volume

  6. Slide 6: Revenues up 8% YoY to $471M, Outpacing Passenger Traffic

    CORPORACIÓN AMÉRICA AIRPORTS 6 Revenues up 8% YoY to $471M, Outpacing Passenger Traffic; Growth Across All Countries Except Argentina → Total Revenues (ex-IFRIC12) +8.2% YoY, despite a 0.6% decline Revenue by type – vs 2Q25 in passenger traffic (ex-IFRIC12; in US$ million) → Aeronautical revenues +3

  7. Slide 7: Costs & Expenses up 16% YoY, Reflecting Higher Fuel-related Costs in Armenia

    CORPORACIÓN AMÉRICA AIRPORTS 7 Costs & Expenses up 16% YoY, Reflecting Higher Fuel-related Costs in Armenia and Higher Salaries in Argentina, Armenia and Uruguay Total Costs and Expenses – vs 2Q25 → Total costs & expenses +15.6% YoY (ex-IFRIC12; in US$ million) • Primarily driven by higher costs of

  8. Slide 8: Adjusted EBITDA Down 4.5% YoY to $160M Driven by Argentina and Uruguay

    CORPORACIÓN AMÉRICA AIRPORTS 8 Adjusted EBITDA Down 4.5% YoY to $160M Driven by Argentina and Uruguay. All Other Countries Posted Double-digit Growth Adjusted EBITDA – vs 2Q25 →Argentina: -21% YoY; margin -6.2 p.p., primarily driven by lower domestic PAX and an extraordinary bad comparison base for

  9. Slide 9: Strong Cash Flow Generation With Total Liquidity at $861M; +20% YTD

    CORPORACIÓN AMÉRICA AIRPORTS 9 Strong Cash Flow Generation With Total Liquidity at $861M; +20% YTD Cash Flow – YTD → Total liquidity position12 of $861M as of June 30, (in US$ million) 2026, up 20% from $715M as of year end 2025 1,200 $356.1 1,000 → All operating subsidiaries generated positive -$10

  10. Slide 10: Net Leverage Ratio at 0.5x With Comfortable Debt Maturity Profile

    CORPORACIÓN AMÉRICA AIRPORTS 10 Net Leverage Ratio at 0.5x With Comfortable Debt Maturity Profile Debt Maturity Profile (interest and principal payments) Total Debt Breakdown by Country (June 30, 2026; US$ Million) (June 30, 2026) Total Liquidity Position12 Italy Argentina 13% 47% 1,000 900 861 800

  11. Slide 11: Closing Remarks

    CORPORACIÓN AMÉRICA AIRPORTS 11 CLOSING REMARKS

  12. Slide 12: Resilient Operating Performance Despite Temporary Headwinds

    CORPORACIÓN AMÉRICA AIRPORTS 12 Resilient Operating Performance Despite Temporary Headwinds → Passenger traffic remained resilient, with broad-based international growth largely offsetting temporary domestic weakness in Argentina. → Revenue growth continued to outpace traffic, supported by strong ae

  13. Slide 13: Q&A

    CORPORACIÓN AMÉRICA AIRPORTS 13 Q&A

  14. Slide 14: Business and Financial Review of Key Countries of Operations

    CORPORACIÓN AMÉRICA AIRPORTS 14 Business and Financial Review of Key Countries of Operations

  15. Slide 15: Argentina: Lower airline capacity weighed on domestic traffic while cargo faced a difficult comparison base

    CORPORACIÓN AMÉRICA AIRPORTS 15 Argentina: Lower airline capacity weighed on domestic traffic while cargo faced a difficult comparison base, pressuring Adjusted EBITDA Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in millions) (ex-IFRIC; in US$ (ex-IFRIC; in US$ (ex

  16. Slide 16: Italy: Revenues up 9% well above PAX growth; Adj. EBITDA up 19%

    CORPORACIÓN AMÉRICA AIRPORTS 16 Italy: Revenues up 9% well above PAX growth; Adj. EBITDA up 19%, or 10% ex- Other Construction Service-related costs, with 3.1 p.p. margin expansion Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in millions) (ex-IFRIC; in US$ (ex-IFRI

  17. Slide 17: Brazil: Revenues up 25%; Adj. EBITDA up 32% YoY

    CORPORACIÓN AMÉRICA AIRPORTS 17 Brazil: Revenues up 25%; Adj. EBITDA up 32% YoY with 2.3 p.p. Margin expansion on strong PAX trends, commercial initiatives and BRL appreciation Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in millions) (ex-IFRIC; in US$ (ex-IFRIC; i

  18. Slide 18: Uruguay: Revenues up 6% on solid PAX trends and strong commercial revenues

    CORPORACIÓN AMÉRICA AIRPORTS 18 Uruguay: Revenues up 6% on solid PAX trends and strong commercial revenues; Adjusted EBITDA impacted by new ILS system costs ahead of related revenues starting in August and non-recurring events Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EB

  19. Slide 19: Armenia: Revenues up nearly 50% and Adjusted EBITDA up 21%

    CORPORACIÓN AMÉRICA AIRPORTS 19 Armenia: Revenues up nearly 50% and Adjusted EBITDA up 21%, driven by PAX growth and strong fuel Revenues, with limited impact from the Middle East conflict Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in millions) (ex-IFRIC; in US$

  20. Slide 20: Ecuador: Revenues up 10% supported by PAX growth and strong Duty-free

    CORPORACIÓN AMÉRICA AIRPORTS 20 Ecuador: Revenues up 10% supported by PAX growth and strong Duty-free performance revenues; Adjusted EBITDA up 17% with 1.9 p.p. Margin Expansion reflecting solid operating leverage Passenger traffic Net revenue by type Total Cost and Expenses Adjusted EBITDA ( in mil

  21. Slide 21: IR Contact

    IR Contact Patricio Iñaki Esnaola Email: Patricio.esnaola@caairports.com Phone: +5411 4899 6716

Corporacion America Airports — Q2 2026 Earnings Presentation on 6ix