Investment Highlights

Transcription

1 Third Quarter 2014

2 Investment Highlights 1 Mexican airport portfolio positioned to take full advantage of global growth. 2 Diversified business model contributing to earnings resilience. 3 Well-defined strategy to capitalize favorable industry dynamic in traffic increases and profitability. 4 Successful implementation of commercial and diversification strategy. 5 Track record of operating and financial performance and solid capital structure. 6 Well-defined capital investment program to meet expected traffic growth. 7 Focus on total return with strong growth and dividend yield. 8 World-class, strong and experienced strategic shareholder. 9 Experienced management team with proven track record. 10 Transparent regulatory regime with clear parameters. 2

3 Company Overview

4 Passenger Traffic 9.2% 3Q14: 4.0 MPAX Metropolitan Regional Tourist Border Cities NH Hotel 4

5 4,000 3,500 3,000 2,500 2,000 1,500 1, A History of Successful Milestones Historical Performance Revenue figures in Ps. million ,480 1,334 1,137 1,204 19% 14% 16% 19% 86% 84% 81% 81% ,687 19% 81% ,459 2,144 1,897 1,988 1,896 24% 18% 19% 19% 23% 82% 81% 81% 77% 76% ,065 2,820 26% 24% 76% 74% ,311 26% 74% LTM 3 Adjusted EBITDA Margin 2 Aeronautical Revenues Non Aeronautical Revenues Passenger Traffic (million) 39% 42% 47% 50% 54% 56% 53% 51% 44% 51% 54% 55% 54% Note: From 2010 to 2013 figures expressed under IFRS; figures expressed under MFRS. 1 Represent the sum of aeronautical and non-aeronautical revenues (exclude construction). 2 Adjusted EBITDA Margin = Adjusted EBITDA / (Aeronautical + Non-Aeronautical Revenues). Adjusted EBITDA = Operating income + Depreciation and Amortization + Maintenance Provision. 3 As of September

6 Shareholders Mexico s leading construction and infrastructure operations company, with important operations in Latin America and Europe. AEROINVEST, 24.70% PUBLIC FLOAT, 58.60% 2 1 SETA 16.70% SETA- AEROINVEST, 12.40% Company that specializes in airport management around the world, as well as participation in specialized management. SETA-ADP, 4.30% 1 SETA: Servicios de Tecnología Aeroportuaria S.A. de C.V. 2 include 4,620,150 repurchased shares as of September,

7 Industry Outlook

8 Projected GDP GAGR Projected Domestic Passenger Traffic CAGR Positive Trends in Aeronautical Industry Air Passenger Transport per Capita Projected Domestic Passenger Traffic CAGR % 5.0% 3.2% 1 5.7% 5.7% % 2.1% 2.3% Mexico Argentina Brazil Canada Chile United States México United States Eastern Europe Canada Midle East South Africa Asia Central America Source: World Bank. Last information available of 2012 Source: Airbus. (Global Market Forecast ). 1 CAGR: Compound Annual Growth Rate. 8

9 Positive Outlook in Mexico Travelers in Mexico by Type of Transportation Airlines Fleet and Expansion Plans Economy bus Airplane Executive bus Train Sea Transportation Luxury bus 0.4% 1.5% 1.6% 1.9% 23.9% 70.7% Airplanes Orders/ additional Average Age Source: Ministry of Communication and Transportation 2012 Report. Source: DGAC, Airlines. August

10 Operational, Security, and Efficiency Leadership Increase Aeronautical Revenues Increase Non- Aeronautical Revenues OMA Strategy Develop Air Traffic and Connectivity Diversification Sustainable Company Improve Passenger Experience

11 Air Traffic Development Strategy

12 Develop Air Traffic and Connectivity +45 net new routes 9M % passenger growth 9M14 Air national connectivity Air international connectivity Air regional connectivity 12

13 Aeromexico s HUB in Monterrey +12 new direct routes + 213,000 additional passengers per year 13

14 Volaris Regional HUB in Monterrey +27 new routes + 466,000 additional passengers per year 14

15 Interjet s Regional HUB in Monterrey +9 new direct routes + 241,000 additional passengers per year 15

16 + 145,000 additional passengers +10 new routes New Airline: TAR 16

17 Commercial Strategy

18 Commercial key points Maximize commercial areas. Increase presence of international franchises and renowned local brands. Introduce Premium strategy focus and loyalty programs. Innovative and alternative advertising. 18

19 Parking lots improvements

20 Innovative and alternative advertising Magnopantallas

21 OMA Premium

22 Diversification Strategy

23 Monterrey Airport Hotel Monterrey Airport Hotel Partnership: Grupo Hotelero TERMINAL A Santa Fe with15% stake and OMA 85%. Completition and opening 1Q rooms. Expected investment 2014 from OMA: Ps.162 million. ESTACIONAMIENTO GLORIETA ACCESO/SALIDA MOTOR LOBBY ESTACIONAMIENTO PUENTE CONEXION TERMINAL B 23

24 Industrial Park at Monterrey Airport Industrial Park at Monterrey Airport Joint venture: OMA 51%- VYNMSA 49%. 32 hectares. Urbanization works and first warehouse (5,000 m2). Expected investment 2014 from OMA: Ps. 24 million. 24

25 Operational and Sustainability Leadership

26 Sustainable Management Model Source: Company filings, GRI Report. 26

27 Results Track Record & & Track Results Record

28 Aeronautical Revenues 75% of total revenues excluding construction Aeronautical revenue per passenger Ps (Ps. Million) 3Q13 3Q14 % Var Domestic Passenger Charges International Passenger Charges Aeronautical Services, Regulated Leases and Access Rights Aeronautical Revenues % 28

29 Non Aeronautical Revenues 25% of total revenues excluding construction Non Aeronautical revenue per passenger Ps (Ps. Million) 3Q13 3Q14 % Var Commercial Activities Diversification Activities % Complementary Activities Cost Recovery Non Aeronautical Revenues

30 Occupancy Rate NH Hotel Strong Results NH Hotel Results Mexico City Airport Hotel Market +1.9% vs 3Q13 (Ps. Million) 3Q13 3Q14 % Var Total Revenues Operating Results EBITDA EBITDA Margin % Occupancy Rate 85.5% 82.1% (343) bp Average Daily Room Rate (pesos) 1,637 1, RevPAR 1 : 1,427 1 Rev PAR: Revenue per available room. Average Rate 30

31 Operating Cost and Expenses Operating Cost and Expenses 6.9% Cost of airport services +GA up: 1.8% (Ps. million) 3Q13 3Q14 %Var Cost of Services General and Administrative Expenses (0.4) Cost of Airport Services +GA Major Maintenance Provision Construction Cost Concession Taxes Technical Assistance Fee Depreciation & Amortization Other Expenses (Revenues), Net (3) (24) Total Operating Cost and Expense

32 3Q14 Highlights (Million Passengers and Million Pesos) 3Q13 3Q14 %Var Passenger Traffic Aeronautical+Non Aeronautical Revenues Construction Revenues Total Revenues 869 1, Income from Operations Adjusted EBITDA Adjusted EBITDA Margin 54.3% 59.8% Consolidated Net Income MDP and strategic Investments c 1 OMA calculates Adjusted EBITDA, which further adjusts EBITDA for the maintenance provision, construction revenue, and construction expense. The Adjusted EBITDA margin is calculated against the sum of aeronautical and non-aeronautical revenues. 32

33 OMA s Strategy has resulted in Strong Traffic, Revenues and Adjusted EBITDA Growth Million of terminal passengers and Million of Pesos Diversification and Cost Control CAGR % CAGR % 3,500 3,000 2,500 2,000 1,500 1, Y-o-Y growth 14% 9% 12% 5% -5% 10% Financial Downturn 13% 15% 11% 3% 2% 0% 15% 9% 9% 9% 8% 5% 2,900 2,400 1,900 1, LTM NAR Total Passenger Non Aeronautical Revenues (NAR) has increased faster than passenger traffic as a result of commercial initiatives and diversification projects LTM Aeronautical+Non Aeronautical Revenues Operating Cost 1 Operating costs excludes construction costs, maintenance provision, and other expenses (income). 2 As of September

34 Focus on Generating Value 1,400 1,200 1, Historical Dividend / Capital Reimbursement Million Pesos 1,200 1,200 1,600 1,400 1,200 1,000 Percentage Dividend Yield and Payout Ratio Título del gráfico Payout Ratio Dividend 1 Yield 1 Note: 2012, 2011 and 2010 figures expressed under IFRS; figures expressed under MFRS. 1 Dividend per share divided by year end closing share price. Include capital reimbursements. Denotes declared dividends for the results in the stated period different from the cash flow in the period. 34

35 Focus on Generating Value ROA/ROE EPS 25.0 Percentage ROA ROE Pesos LTM 1 As of September LTM 35 1

36 Balance Sheet Cash and Equivalents Other Current Assets Land, Buildings, Machinery and Equipment 21.3% 6.2% 18.0% Current Portion of Long Term Debt 0.3% Long Term Debt Major Maintenance Provision 4.9% Other Liabilities 38.3% 8.9% Million Pesos Debt Maturity Profile 3,000 Investment in Airport Concessions Other Assets 3.9% 50.6% Assets Stockholders' Equity % Liabilities and Stockholder's Equity 1, año 2 años 3 años 4 años 5 años + USD Debt OMA13 OMA14 36

37 MDP 1,2 Million Pesos Additional Recognition of Land Acquired Federal Government agreed to recognize land reserve for Ps. 487 million acquired for Culiacan and Monterrey airports as improvement in concession assets MDP Investment in Land Recognized 1 Pesos of December 31, MDP: Master Development Plan. 37

38 2014E (Previous) 2014E (Revised) Passenger Traffic Growth 6%-8% 8%-10% Aeronautical and Non Aeronautical Revenue Growth 9%-11% 10%-12% Adjusted EBITDA 52%-54% 54%-56% Outlook MDP Investments 850-1,100 mdp OMA is providing this outlook based on internal estimates. A number of factors could have a significant effect on the estimates of passenger traffic, revenue growth, Adjusted EBITDA, and Capex. These include changes in airline expansion plans, ticket prices and other factors affecting traffic volumes, the evolution of commercial and diversification projects, and economic conditions, among others. OMA can provide no assurance that the Company will achieve these results.. 38

39 Results & Monterrey Track Record

40 Culiacán

41 Zihuatanejo

42 San Luis Potosí

43 Acapulco

44 Mazatlán