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 2022 Earnings Presentation
36 slides from Grupo Aeroportuario Del Centro Norte Sab De Cv Class B's earnings presentation, Jul 27, 2022
Slide 1: OMA Announces Second Quarter 2022 Operating and Financial Results
OMA Announces Second Quarter 2022 Operating and Financial Results Mexico City, Mexico, July 26, 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: far far Var far
far far Var far ed i vs2Q19 vs 2021 Vs6M19_ vs 6M21 Passenger Traffic 5,958 4,537 5,880 (13) 236 11072 7,562 10488 (53) 386 ‘Aeronoutical Revenues 149 «13501797 202 332=«2819 223,190 132 436 ‘Non-Aeronouticol Revenues 455 401 562 234 402 881 719 1,043 184 452 ‘Aeronautical + Non-Aeronautical Revenue
Slide 3: Chief Financial Officer Investor Relations
Chief Financial Officer Investor Relations: uffo Peres Piego del Catilo diceancmicl Caneaho tach +52 (81) 8625 4300 +52 (81) 8625 4308. eis Smutnoanet @0©@ /OMAeropuertos ‘WWw.oma.aero,
Slide 4: 2Q22 Operating Results
OMA will hold its 2Q22 earnings conference call on July 27, 2022 at 11:00 a.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 13731402. The conference call will also be available by webcast at http
Slide 5: Total passenger traffic reached 5.9 million
Total passenger traffic reached 5.9 million passengers, an increase of 29.6% as compared to 2Q21 and a decrease of 1.3% versus 2Q19. During the quarter, of total traffic, 89.1% was domestic and 10.9% was international. Domestic passenger traffic increased 34.5%, compared to 2Q21, while international
Slide 6: Airport traffic recovery and growth
§ Mazatlán (+27.2%), on its Tijuana, Phoenix and Chihuahua routes. § Reynosa (+9.5%), on its Mexico City and Cancún routes. § Zihuatanejo (+4.0%), on its Mexico City, Houston and Los Angeles routes. § Durango (+3.8%), on its Dallas, Mexico City and Tijuana routes. The airports with the largest passe
Slide 7: Commercial Operations
Commercial Operations The commercial space occupancy rate in the passenger terminals was 89.0% as of June 30, 2022. Freight Logistics Services § OMA Carga’s revenues increased by 42.8%, compared to 2Q21 due to higher handling, storage and custody activity related to ground and air import cargo. Tota
Slide 8: Industrial Services and Consolidated Financial Results
Industrial Services § OMA VYNMSA Aero Industrial Park: Revenues reached Ps.17.8 million, an increase of 16.3% versus 2Q21. The increase is explained by a higher number of leased m 2 as compared to 2Q21. Consolidated Financial Results Revenues Aeronautical revenues increased 33.2% mainly due to an in
Slide 9: OMA
OMA
Slide 10: Diversification revenues increased 43.4%
Diversification revenues increased 43.4%, mainly due to higher revenues from hotel services and OMA Carga.
Slide 11: 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 12: Costs and Operating Expenses
Costs and Operating Expenses The sum of cost of airport services and general and administrative expenses (G&A) increased 12.0%, mainly due to higher payroll costs as a result of changes in labor regulation in Mexico applicable since 2Q21 and the incorporation of new business lines, such as the direc
Slide 13: Major maintenance provision
The major maintenance provision was Ps.298 million. The outstanding balance of the maintenance provision as of June 30, 2022 was Ps.1,966 million. The airport concession tax was Ps.110 million and the technical assistance fee was Ps.40 million. Total operating costs and expenses increased 32.5%.
Slide 14: Operating Income and Adjusted EBITDA
Operating Income and Adjusted EBITDA Operating Income was Ps.1,402 million, with an operating margin of 48.1%. Adjusted EBITDA was Ps.1,832 million, with a margin of 77.7%.
Slide 15: OMA
OMA
Slide 16: Financing Income and Net Income
Financing Income and Net Income Financing Expense was Ps.183 million, an increase of 8.4%, mainly due to a higher interest expense as a result of additional debt issuance and the variation in the present value of the major maintenance provision.
Slide 17: The most important investment expenditures included
The most important investment expenditures included:
Slide 18: Airport project status
Airport roject atu MOP investments Monterrey Installation of baggage screening equipment Started Zacatecas Rehabilitation of commercial aviation platform Started Culiacén Expansion of terminal building In Process Culiacén Minor rehabilitation of rumway and major rehabilitation of platform In Process
Slide 19: Debt maturity schedule
(Ps. Thousands) Scheduled rity ‘Short Term Debt Credit Lines payable at maturity in June 2022; Ps. 2,700 mm June 2022 TIE + 99.669 - 2,700,000 ss Subsidiaries capitalization and financing of working capital, Bullet ‘Total Short-Term Debt : 2,700,000 t Long-Term Debt LO-yrBond, Ps. 1,500 mm: OMA13 Ma
Slide 20: Derivatives and Cash Flow Statement
Derivatives As of the date of this report, OMA has no financial derivatives exposure. Cash Flow Statement During 2Q22, cash flows from operating activities generated cash of Ps.1,076 million. Investing activities used cash for Ps.595 million in the second quarter. Financing activities reflect mainly
Slide 21: Subsequent Events
Subsequent Events OMA publishes its first Green Bond Report. On July 1, 2022, OMA published its first Green Bond Report pursuant to OMA’s Green Bond Framework. The Report provides information about allocation of proceeds and the impact of projects financed with the Ps.1,000 million Green Bond issued
Slide 22: OMA
OMA
Slide 23: Passenger traffic by airport
(Terminal Passengers - Excludes Transit Passengers) Total Passengers 2021 2022 % Var ema em22 %Var Acapulco 173,451 199,879 15.2 308,431, 402,127 225 Ciudad Juarez 357,363 519,568 45.4 589,649 910,576 a4 Culiacén 528,757 629,645 19.4 927,999 1,134,185 2.2 Chihuahua 325,541 400,863, 35.4 564,785 763,
Slide 24: OMA
OMA
Slide 25: Consolidated Statement of Financial Position
po Aeroportuario di June 30, December 31, June 30, %6Var 3% Var 2021 2021 2022 Jun22/lun21__Jun22/Dec2 Aes Curent Assets ‘Cash and Cash Equivalents 4,190,597 5,987,164 1,756,611 (681) (707) “Trade Accounts Receivable - Net 1,006,471 1,085,670 1,268,258 260 168 “Trade Accounts Receivable from Related
Slide 26: OMA
OMA
Slide 27: Consolidated Statement of Comprehensive Income
rupo Aeroportua tro Norte, S.A. audited Consolidated Statement of Comprehensive! (Thousands of Pesos) 2021 2022 % Var ewat om _% Var Revenues ‘Aeronautical Revenues 1,349,594 4,797,212 382 2,201,547 3,190,011 3.6 Non-Aeronautical Revenues. 400,797, 562,108 40.2 718,523... 1,043,520. 45.2, ‘Aeronauti
Slide 28: OMA
OMA
Slide 29: Consolidated Cash Flow Statement
(Thousands of Pesos) From April 4 to June 30, From January 1 to June 30, 2021 2022 % Var. 2021 2022 Var. Operating Activities Income Before Taxes 967,554 1,218,484 405 1,485 453 2,250,193, 557 Depreciation and Amortization 119,999 132,844 107 238,076 263,450 107 Major Maintenance Provision 151,371 2
Slide 30: OMA
OMA
Slide 31: Statement of Changes in Stockholders' Equity
Grupo Aeroportuario del Centro Norte, S.A. de CN. unaudited statement of Changesin stockholder? Equity ‘sof une 30,2021 (Thousand Pesog Additional share Non otal numberof capital stock Paid Retained Repurchase tabor controling Stockholders Shares ‘Nominal capital eanings Reserve obtgations interest
Slide 32: OMA
OMA
Slide 33: Operating Results by Airport
ing Results by Alrport (Thousards of Pesos) Monterrey 2021 2022 eat oma aullacan 2021 2022 ent ona Total Revenues 366888 1,258,795 4563657 2104332 ‘Total Revenues, 187,052 280,250 344,582 464,487 ‘Aeronautical Revenues 611,737 734,670 972,780 4,349,833 ‘Aeronautical Revenues as7ait 196,445 271,208 3
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 information disclaimer
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 — Q2 2022 Earnings Presentation on 6ix