Grupo Aeroportuario del Centro Norte SAB de CV SECOND QUARTER 2018 RESULTS

Grupo Aeroportuario del Centro Norte SAB de CV SECOND QUARTER 2018 RESULTS

This presentation 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 identified by the words believe, expect, anticipate, target, estimate, or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption Risk Factors. OMA undertakes no obligation to update publicly its forwardlooking statements, whether as a result of new information, future events, or otherwise. 2

A b o u t t h e C o m p a n y Our businesses 13 Airports in the central-north region of Mexico, serving 20 million passengers in LTM June 2018. 2 Hotels; NH Collection Hotel in Terminal 2 of the Mexico City Airport, and Hilton Garden Inn at Monterrey Airport 1 Industrial Park at Monterrey Airport Who we are More than 900 employees committed to providing aeronautical, commercial and real state services of excellence to our passengers and clients. Listed in BMV and NASDAQ since 2006 Part of the main index of the BMV (IPC) 3

Company Overview Aeronautical Business Non- Aeronautical Business Financial Results MDP & Maximum Rates Outlook and Industry Value Proposition Historical Performance Shareholder Structure Board of Directors and Management Team Operations & Sustainability Connectivity & New Routes Passenger Traffic Airline Participation AR 2Q18 Commercial Strategy Diversification Strategy NAR 2Q18 Historical NAR Growth 2Q18 Highlights Cost & Efficiency Balance Sheet Profitability Indicators Value Distribution Investments 2016-2020 New Terminals Maximum Rates Industry Trends Airline Fleets 4

C o m p a n y O verview 1 2 3 4 5 Value Proposition Historical Performance Shareholder Structure Board of Directors and Management Team Operations & Sustainability 5

Company Overview Value Proposition High potential portfolio of airports and businesses Sustained passenger growth Visibility in aeronautical tariffs Successful commercial and diversification strategies Commitment to safety, security and sustainability Cost and expenses efficiency Constant growth in Adjusted EBITDA and margins Balanced capital structure Maximizing value distribution Experienced board of directors and management team 6

6,000 4,000 2,000-20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 Company Overview Historical Performance Sustained positive trends through economic and business cycles CAGR 2011-LTM Jun18 PAX 8.2% Revenues¹ 14.3% Adjusted EBITDA 19.2% Aeronautical Revenues Non-Aeronautical Revenues Passenger Traffic (million) 14.7 14.2 14.1 13.3 12.6 3,422 11.5 11.6 11.8 3,065 2,820 24% 2,459 23% 2,144 19% 1,897 1,988 1,896 19% 19% 19% 18% 19% 81% 81% 81% 82% 81% 81% 77% 76% 19.7 18.8 5,803 16.9 5,205 26% 4,145 26% 24% 74% 74% 76% 20.5 3 6,262 27% 73% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LTM Jun18 % Adj. EBITDA 2 56% 53% 51% 44% 51% 54% 55% 55% 59% 64% 66% 68% Note: From 2010 to LTM Jun18 figures expressed under IFRS; 2007-2009 figures expressed under Mexican Financial Reporting Standards. 1 Represents the sum of aeronautical and non-aeronautical revenues (excludes construction). 2 Adjusted EBITDA Margin = Adjusted EBITDA / (Aeronautical + Non-Aeronautical Revenues). Adjusted EBITDA = Operating income + Depreciation and Amortization + Maintenance Provision. 3 Passenger traffic for the last twelve months as of June 30, 2018. 7

Company Overview Shareholder Structure 12.6% SETA 1 BB shares 85.5% Public Float 2 - B Shares 1.9% CONOISA 1 B shares Market Cap 3. Ps. Bn. $40.8 / USD Bn. $2.1 Note: Shareholding information as of June 30, 2018 1 Servicios de Tecnología Aeroportuaria, S.A. de C.V. (SETA) and Controladora de Operaciones de Infraestructura, S.A. de C.V. (CONOISA) are wholly owned subsidiaries of Empresas ICA,S.A.B. de C.V. 2 Float includes repurchased shares ³ BM V Price Ps.103.57 as of June 30, 2018. Exchange rate used: 19.8633 8

Company Overview Board of Directors & Management Team EXPERIENCED MANAGEMENT TEAM (Average time with OMA: 9 years) Porfirio González Chief Executive Officer With the Company since 1998 CORPORATE GOVERNANCE 5 of 11 Directors are independent Board Audit and Corporate Practices Commitees are 100% independent Ruffo Pérez Pliego Chief Financial Officer With the Company since 2018 Adriana Díaz Galindo General Counsel With the Company since 2018 Héctor Cortés Chief Commercial Officer With the Company since 2001 Enrique Navarro Airport Operations Director With the Company since 2004 Enrique Chacón Infrastructure Director With the Company since 2018 9

Company Overview Operations & Sustainability Always striving to meet international standards. Occupational Health and Safety Aerodrome Certification Environment Quality and Customer Service CULIACÁN AIRPORT MAZATLÁN AIRPORT Social Responsibility Sustainability Performance 10

Aeronautical Business 1 2 3 4 Connectivity & New Routes Passenger Traffic Airline Participation Aeronautical Revenues 2Q18 11

Aeronautical Business Connectivity & New Routes 4 4 n e w d i r e c t r o u t e s i n 2 0 1 7 Domestic Routes 11 5 5 3 1 n e w d i r e c t r o u t e s i n 6 M 1 8 Domestic Routes 12 6 5 3 6 Other 2 2 Other International Routes 5 4 5 +4.8% P A X i n 2 0 1 7 Other +2.0% Seats added in 2017 International Routes 2 1 1 +8.8% P A X i n 6 M 1 8 +8.6% Seats added in 6M18 12

Aeronautical Business Passenger Traffic 2Q18 Passenger Traffic 6M18 Passenger Traffic Total Pax: 5.4 million (+9.6%) 89% Domestic: 4.8 million (+10.6%) 11% International: 0.6 million (+2.2%) Total Pax: 10.3 million (+8.8%) 87% Domestic: 8.9 million (+9.5%) 13% International: 1.3 million (+4.2%) At Monterrey Airport Tourist 10% Border Cities 9% CJS +16% CUU Aeromexico regional hub VivaAerobus main base Volaris secondary base Interjet secondary base Regional 31% Metropolitan 50% CUL +7% +25% DGO MZT +5% +3% TRC +3% ZCL -3% REX MTY -14% +9% SLP TAM +5% +15% ZIH Note: Percentages in graphs represent Passenger share by type of airport. (%) YoY 6M18 Passenger Growth -7% ACA +5% 13

Aeronautical Business Airline Participation LTM Jun18 United Airlines 3% (+3.9%) Other 12% (+3.2%) Aeroméxico 26% (+1.6%) 90% Domestic Passengers Magnicharter 2% (+6.2%) Interjet 17% (+0.1%) Volaris 20% (+2.1%) Other 5% (+9.8%) VivaAerobus 28% (+16.5%) Interjet 15% (+1.3%) Aeroméxico 27% (+0.3%) Volaris 19% (+1.4%) VivaAerobus 25% (+16.2%) Interjet 7% (+28.4%) Volaris 8% (-10.1%) Other 11% (+6.6%) United Airlines 21% (+3.9%) 10% International Passengers Delta 9% (-12.5%) Aeroméxico 17% (+17.9%) American Airlines 21% (+0.2%) Note: Percentages in graphs represent 1) Passenger share by category and 2) % change LTM Jun18 v s LTM Jun17 14

Aeronautical Business Aeronautical Revenues 2Q18 Domestic Passenger Charges International Passenger Charges Airport Services Aeronautical Revenues Ps.241 +7.5% mm Ps.1,269 +17.6% mm 19% of Aeronautical Revenue 76% of Total Revenue* Ps. 235.7 / PAX Ps.854 +23.6% mm Ps.174 mm +6.3% 67% of Aeronautical Revenue 14% of Aeronautical Revenue * Total Revenues excluding Construction Revenues 15

Non - Aeronautical Business 1 2 3 4 Commercial Strategy Diversification Strategy NAR 2Q18 Historical NAR Growth 16

Non-Aeronautical Business Commercial Strategy Optimize passenger exposure to commercial areas Increase of international brands complemented with local offering Develop premium offerings Maintain high occupancy rates Add innovative advertising 33 Commercial Initiatives Implemented in 2Q18 Airport Type Quantity Acapulco, Ciudad Juárez, Chihuahua, Monterrey, and Reynosa Retail 11 Acapulco, Ciudad Juárez, Monterrey, and Torreón Restaurants 10 Acapulco, Durango, Monterrey and Torreón Car Rental 8 Ciudad Juárez and Culiacán Bank Services 2 Culiacán Hotel Promotion 1 Acapulco VIP Lounge 1 17

Non-Aeronautical Business Diversification Strategy NH Collection Hotel at Mexico City Airport Hilton Garden Inn Hotel in MTY 14.1% 17.4% of NAR 287 Rooms Avg. Room Rate:Ps.2,226 Ps.2,252 per per night (+5.1% yoy) Occupancy Rate: 88% 78% EBITDA Margin: 38.3% 33.5% 6.1% 6.4% of NAR 134 Rooms Avg. Room Rate: Ps.2,023 Ps.2,252 per night (+3. Occupancy Rate: 73% 77% EBITDA Margin: 38.4% 39.7% OMA Carga Real Estate Industrial Park in MTY 12.2% of NAR +32.2% revenues in 2Q18 1.0% of NAR +15.2% revenues in 2Q18 1.4% of NAR Ps.5.8 million 1,650m 2 New ground cargo facility started operations on February 16, 2017 6 warehouses leased 5 warehouses generating revenue 1 warehouse under construction for commercialization 18

Non-Aeronautical Business 2Q18 Commercial Activities Diversification Activities Complementary Activities Non- Aeronautical Revenues Ps.142 mm +10.1% Ps.401mm +11.3% 35% of NAR 24% of Total Rev.* Ps. 74.4 / PAX Ps.193 mm +11.8% Ps.66 mm +12.3% 49% of NAR 16% of NAR * Total Revenues excluding Construction Revenues 19

00 00 00 00 00 00 00 00 00-440 390 340 290 240 190 140 90 Non-Aeronautical Business Historical NAR Growth Non-Aeronautical Revenues (NAR) have increased faster than passenger traffic as a result of commercial initiatives and diversification projects NAR - Commercial/PAX NAR - Diversification/PAX NAR Complementary/PAX NAR PAX CAGR 2011 - LTM Jun18 PAX +8.2% NAR +14.7% NAR/PAX +5.9% 71 74 16% 75 16% 66 16% 60 55 19% 50 16% 7% 29% 28% 28% 64% 56% 53% 61 19% 28% 53% 17% 31% 51% 35% 49% 36% 36% 48% 48% +161% +74% 2011 2012 2013 2014 2015 2016 2017 LTM Jun18 20

Financial Results 1 2 3 4 5 2Q18 Highlights Cost & Efficiency Balance Sheet Profitability Indicators Value Distribution 21

Financial Results 2Q18 Highlights Revenues* Cost of Services and G&A Adjusted EBITDA** Consolidated Net Income Ps. 370-7.9% mm Ps. 709 +39.2% mm Ps. 68.7 / PAX (-16%) Ps. 131.8 / PAX (+27.1%) Ps. 1,670 +16% mm Ps. 1,178 +25.7% mm Ps. 310.1 / PAX (+5.9%) Ps. 218.7 / PAX (+14.7%) Aeronautical +17.6% Non-Aero. +11.3% 2Q18 Margin 70.5% * Total Revenues excluding Construction Revenues ** Adjusted EBITDA Margin = Adjusted EBITDA / (Aeronautical + Non-Aeronautical Revenues). Adjusted EBITDA = Operating income + Depreciation and Amortization + Maintenance Provision. 22

Financial Results Cost & Efficiency Costs and expenses control has contributed to EBITDA growth Adj. EBITDA / PAX AR+NAR / PAX² Total Operating Costs and Expenses/ PAX CAGR 2011 - LTM Jun18 10.1% 5.6% 2011 2012 2013 2014 2015 2016 2017 LTM Jun18-0.5% Distribution of Operating Costs and Expenses¹ 12% 13% 8% 7% 22% 39% Cost of Services Administrative Expenses Depreciation & Amortization Concession taxes Major Maintenance Provision Technical Assistance Fee Cost Control Strategy Seek operational leverage Energy management through consumption savings and purchase of renewable energy Development of a culture of savings Optimization of contracted services Improvement of operational systems Management of human capital ¹As of June 30, 2018. Excluding construction cost and other expenses (revenues). ²Excludes Construction Cost, M ajor M aintenance Provision and Other Expenses 23

Financial Results Balance Sheet Strong Financial Position Ps.Million Low Leverage Net Debt / Adjusted EBITDA 4,610 1,624 2,986 0.6 0.9 1.0 0.8 0.5 0.5 0.7 Total Debt Cash Net Debt 2012 2013 2014 2015 2016 2017 LTM Jun18 Debt Profile Capital Structure Evolution Total Debt Shareholders Equity (Book Value) Short Term 1% USD 3% 25% 33% 44% 44% 41% 39% 40% 75% 67% 56% 56% 59% 61% 60% Long Term 99% MXN 97% 2012 2013 2014 2015 2016 2017 Jun18 24

40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - Financial Results Profitability Indicators ROA / ROE Percentage 36.3 CAGR 2011 - LTM Jun18 ROA +15.3% ROE +20.0% EPS +22.6% 6.6 10.1 8.2 12.8 10.9 18.8 8.3 16.8 9.9 20.8 13.8 28.0 15.1 29.6 18.0 2011 2012 2013 2014 2015 2016 2017 LTM Jun18 Earnings per Share Pesos 4.8 5.4 6.4 1.5 2.1 3.0 2.6 3.1 2011 2012 2013 2014 2015 2016 2017 LTM Jun18 25

250 200 150 100 50-9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 - Financial Results Value Distribution Dividend or Capital Reimbursement Dividend Yield / Payout Ratio Percentage Percentage Ps. Million 1,600 1,600 1,400 8.6 1,200 1,200 1,200 6.9 5.7 147 4.4 4.2 4.5 3.9 117 113 500 81 100 85 75 2011 2012 2013 2014 2015 2016 2017 Note: The amounts shown were paid in the following year, after the annual shareholder meeting. 2011 2012 2013 2014 2015 2016 2017 Dividend Yield was calculated with the stock price at the end of each year. 26

M D P & Maximum Rates 1 2 3 Investments 2016-2020 New Terminals Maximum Rates 27

2,500 2,000 1,500 1,000 50 0 10% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% MDP & Maximum Rates Investments 2016-2020 Total Committed Investment Ps.5,443mm pesos of Dec. 31, 2017 Visibility of capital expenditure requirements through 2020 2,377 Committed Zacatecas, 2% Actual / Expected Mazatlán, 3% Torreón, 3% 1,586 1,522 1,428 1,157 Durango, 3% Ciudad Juárez, 4% Culiacán 4% Tampico 6% Monterrey 28% 452 8% 26% 44% 711 711 13% 466 466 9% Zihuatanejo 7% Reynosa 8% San Luis Potosí 9% Chihuahua 10% Acapulco 13% 2016 2017 2018e 2019e 2020e MDP = Master Development Program 28

MDP & Maximum Rates Investments 2016-2020 Total Committed Investment Ps.5,443mm pesos of Dec. 31, 2017 Most Important Projects Other Terminal Expansion Monterrey Ciudad Juárez Chihuahua San Luis Potosí Tampico ICAO Certification Operational Infrastructure Expansion 11% 0% 7% 6% Terminal Expansion & Remodeling New Terminals Acapulco Reynosa Major Maintenance 11% 49% Operational Infrastructure Monterrey Culiacán Durango Security, Safety & IT Equipment 16% + Expected Strategic Investment 2018 Ps.100 mm 29

MDP & Maximum Rates New Terminals Acapulco Airport m 2 Investment Capacity Comfort Total Area Start of Operations Ps.615 mm Total PAX mm 1.1 1.3, +18% 3 levels plus a mezzanine 13,534 m 2 15,326 m 2* Terminal building, m 2 +13% Commercial spaces, m 2 +42% April 17, 2018 * New terminal net surface 30

MDP & Maximum Rates New Terminals Reynosa Airport Investment Capacity Comfort Total Area Start of Operations Ps.327 mm Total PAX mm 0.3 0.9, +200% 2 levels 2,608 m 2 7,590 m 2* Terminal building, m 2 +191% Commercial spaces, m 2 +213% 4Q 2018 ** * New terminal net surface ** Expected 31

MDP & Maximum Rates Expansion & Remodeling of Terminals San Luis Potosí Airport Investment Capacity Total Area Start of Operations Ps.366 mm Total PAX mm 0.5 1.3, +160% 3,832 m 2 10,398 m 2* Terminal building, m 2 +171% Commercial spaces, m 2 +116% 1 st phase in August, 2018 and fully completed in 1Q 2019 ** * Net surface after remodeling and expansion ** Expected 32

MDP & Maximum Rates Expansion & Remodeling of Terminals Chihuahua Airport Investment Capacity Total Area Start of Operations Ps.322 mm Total PAX mm 0.9 1.6, +78% 7,951 m 2 13,074 m 2* Terminal building, m 2 +64% Commercial spaces, m 2 +30% 4Q 2018 ** * Net surface after remodeling and expansion ** Expected 33

MDP & Maximum Rates Expansion & Remodeling of Terminals Monterrey Airport Regional Boarding Area Investment Capacity Total Area Start of Operations Ps.125 mm Total PAX mm 2.3 3.2, +39% 87 m 2 502 m 2* Terminal building, m 2 +477% Commercial spaces, m 2 +12% August 2018 ** * Net surface after remodeling and expansion ** Expected 34

MDP & Maximum Rates Maximum Rates Visibility on Aeronautical Revenues Through 2020 Maximum rate (Regulated revenue per workload unit) increased in each airport The maximum rate for each succeeding year through 2020 will be adjusted by inflation and an efficiency factor of 0.70% 99.4% MT Recovery 98.9% 93.7% 94.5% 2015 2016 2017 6M18 2018 (2) 13 Airports MT Maximum Minimum 288 (ACA) 186 (SLP) Weighted average (1) 247 1 Weighted average using passenger traffic for each period and expressed in constant MXN of December 31, 2017 considering efficiency factor effect 2 MXN of December 31, 2017 35

Outlook and Industry 1 2 Industry Trends Airline Fleets 36

Outlook and Industry Industry Trends Air Industry has Low Penetration in Mexico Flights per capita per year Projected Passenger Traffic CAGR 2017-2037 Domestic Traffic, except Mexico-USA 2.5 2.6 4.5% 4.6% 4.8% 3.4% 3.7% 1.0 2.0% 2.4% 0.4 0.5 0.5 Argentina Mexico Brazil Chile Canada United States United States Canada Russia Mexico - USA Mexico Central America South America Source: World Bank. Latest information available of 2017 Source: Airbus. (Global Market Forecast 2018-2037) 37

Available Seats Fleet Outlook and Industry Airline Fleets Historical Airline Fleets and Available Seats Airplanes 133 131 132 124 125 117 2013 2014 2015 2016 2017 2Q18 78 78 70 69 71 70 56 56 51 50 45 44 19 19 21 21 24 24 0 3 8 10 10 10 13,321 14,944 15,335 16,723 18,268 18,316 6,222 6,594 7,917 8,722 10,698 10,698 7,230 8,160 9,296 12,282 12,574 12,542 2,812 2,972 3,472 3,600 4,512 4,512 400 500 500 500 150 - Source: Airlines latest fleet information available. Estimated seats, based on fleet. 38

G r u p o A e r o p o r t u a r i o d e l C e n t r o N o r t e, S. A. B., d e C. V. Chief Financial Officer Ruffo Pérez Pliego rperezpliego@oma.aero +52.81.8625.4300 Investor Relations Emmanuel Camacho ecamacho@oma.aero +52.81.8625.4308 39