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 2023 Earnings Presentation
35 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Oct 30, 2023
Slide 1: OMA Announces Third Quarter 2023 Operating and Financial Results
OMA Announces Third Quarter 2023 Operating and Financial Results Mexico City, Mexico, October 27, 2023 — 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: Key financial and operating results table
and mili 9M2022 9M 2023 vs 2022 Passenger Traffic 6,268 7,435 186 16,752 20,044 19.6 Aeronoutical Revenues 1910-2502 310 5,100 6714 3L7 Non-Aeronauticol Revenues 583 685 176 1.626 1,940 19.3 ‘Aeronautical + Non-Aeronautical Revenues 2,493 3,187 279 6,726 8,655, 287 Construction Revenues 653 719 102
Slide 3: 3Q23 Operating Results: Operations, Passengers, and Cargo
OMA will hold its 3Q23 earnings conference call on October 30, 2023 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 13741571. The conference call will also be available by webcast at h
Slide 4: Passenger traffic
*Routes that started operations and were suspended during the quarter. Total passenger traffic reached 7.4 million passengers, an increase of 18.6% as compared to 3Q22. During the quarter, of total traffic, 88.8% was domestic and 11.2% was international. Domestic passenger traffic increased 18.1%, c
Slide 5: Airports with largest traffic growth
The airports with the largest passenger traffic growth in volume terms as compared to 3Q22, were: ● Monterrey (+23.9%), on its Toluca, Querétaro, Cancún, Santa Lucía (AIFA), Ciudad de México and Houston routes. ● Culiacán (+16.8%), on its Los Cabos, Tijuana and Monterrey routes. ● Ciudad Juárez (+12
Slide 6: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 94.7% as of September 30, 2023. Freight Logistics Services ● OMA Carga’s revenues decreased by 3.0%, compared to 3Q22 due to a decrease in revenues from storage and custody services related to ground import carg
Slide 7: Industrial Services and Consolidated Financial Results
Industrial Services ● OMA VYNMSA Aero Industrial Park: Revenues reached Ps.20.5 million, an increase of 13.0% versus 3Q22. The increase is explained by a higher number of square meters leased as compared to 3Q22. Consolidated Financial Results Revenues Aeronautical revenues increased 31.0% mainly du
Slide 8: Aeronautical revenues chart
OMA
Slide 9: Diversification revenues
Diversification revenues increased 8.3%, mainly due to higher revenues from Hotel Services.
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 2.8%, mainly due to higher minor maintenance, contracted services and basic services costs, partially offset by lower payroll costs.
Slide 12: Maintenance provision and operating costs
The major maintenance provision was Ps.94.8 million. The outstanding balance of the maintenance provision as of September 30, 2023 was Ps.2,159 million. The airport concession tax was Ps.151 million and the technical assistance fee was Ps.66.9 million. Total operating costs and expenses increased 14
Slide 13: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.2,272 million, with an operating margin of 58.2%. Adjusted EBITDA was Ps.2,532 million, with a margin of 79.4%.
Slide 14: Adjusted EBITDA chart
OMA
Slide 15: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.272 million, compared to Ps.219 million during 3Q22. The increase was mainly due to a higher interest expense as a result of a higher level of indebtedness and an increase in financing costs.
Slide 16: Most important investment expenditures
The most important investment expenditures included:
Slide 17: Airport investment projects
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Slide 18: Indebtedness
Indebtedness
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 3Q23, cash flows from operating activities generated cash of Ps.1,498 million. Investing activities used cash for Ps.505 million in the third quarter. Financing activities reflect mainly
Slide 20: Relevant Events
Relevant Events OMA Announces Appointment of a Provisional Board Member. On October 26, the Board of Directors approved, among other matters, to accept the resignation submitted by José Alejandro Ortega Aguayo and Ricardo Maldonado Yáñez as Board Members of the Company. Additionally, the Board of Di
Slide 21: OMA
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Slide 22: Passenger traffic by airport
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Slide 23: OMA
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Slide 24: Statement of Financial Position
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Slide 25: OMA
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Slide 26: Statement of Comprehensive Income
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Slide 27: OMA
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Slide 28: Statement of Cash Flows
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Slide 29: OMA
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Slide 30: Statement of Changes in Stockholders' Equity
Slide 31: OMA
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Slide 32: Adjusted EBITDA reconciliation
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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 2023 Earnings Presentation on 6ix