Second Quarter 2014
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
Company Overview
Passenger Traffic 11.5% 2Q14: 3.6 MPAX Metropolitan Regional Tourist Border Cities NH Hotel 4
A History of Successful Milestones Historical Performance 4,000 Revenue figures in Ps. million 3,500 3,000 2,500 2,000 1,500 1,000 500 11.8 10.6 9.7 8.6 8.9 14.2 14.1 11.5 11.6 11.8 1,897 1,988 1,896 1,687 1,480 18% 19% 19% 19% 1,137 1,204 1,334 19% 14% 16% 19% 2,144 23% 86% 84% 81% 81% 81% 82% 81% 81% 77% 2,459 24% 76% 13.9 13.3 12.6 3,216 3,065 2,820 26% 26% 24% 76% 74% 74% 15.0 13.0 11.0 9.0 7.0 5.0 3.0 1.0 Adjusted EBITDA Margin 2-2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 LTM Aeronautical Revenues Non Aeronautical Revenues Passenger Traffic (millions) 1 39% 42% 47% 50% 54% 56% 53% 51% 44% 51% 54% 55% 54% 3-1.0 Note: From 2010 to 2013 figures expressed under IFRS; 2001-2009 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 June 2013. 5
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 3,831,454 repurchased shares as of June, 2014. 6
Industry Outlook
Projected GDP GAGR 1 2012-2030 Projected Domestic Passenger Traffic CAGR 1 2013-2032 Positive Trends in Aeronautical Industry Air Passenger Transport per Capita 2.1 2.3 Projected Domestic Passenger Traffic CAGR 2013-2032 5.0% 5.0% 3.2% 1 5.7% 5.7% 0.3 0.2 0.5 0.7 1.9% 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 2013-2032). 1 CAGR: Compound Annual Growth Rate. 8
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 119 22 50 46 3 19 Orders/ additional Average Age 118 49 51 52 14 0 9.0 21.6 6.2 4.0 5.0 15.3 Source: Ministry of Communication and Transportation 2012 Report. Source: DGAC, Airlines. 9
Operational, Security, and Efficiency Leadership Increase Aeronautical Revenues Develop Air Traffic and Connectivity Increase Non- Aeronautical Revenues New Concession Opportunities OMA Strategy Diversification Sustainable Company Improve Passenger Experience
Air Traffic Development Strategy
Develop Air Traffic and Connectivity +22 net new routes 6M14 +9.3 passenger growth 6M14 Air national connectivity Air international connectivity Air regional connectivity 12
Aeromexico s HUB in Monterrey + 150,000 additional passengers 13
Volaris Regional HUB in Monterrey +10 new direct routes + 255,000 additional passengers 14
+ 135,000 additional passengers +11 new routes New Airline: TAR 15
Commercial Strategy
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. 17
Parking lots improvements
Innovative and alternative advertising Magnopantallas
OMA Premium
Diversification Strategy
Monterrey Airport Hotel Monterrey Airport Hotel Partnership: Grupo Hotelero TERMINAL A Santa Fe with15% stake and OMA 85%. Completition and opening 1Q15. 134 rooms. Expected investment 2014: Ps.160 million. ESTACIONAMIENTO GLORIETA ACCESO/SALIDA MOTOR LOBBY ESTACIONAMIENTO PUENTE CONEXION TERMINAL B 22
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: Ps. 60 million. 23
Operational and Sustainability Leadership
Sustainable Management Model Source: Company filings, GRI Report. 25
Results Track Record & & Track Results Record
Aeronautical Revenues 75% of total revenues excluding construction Aeronautical revenue per passenger Ps. 178.2 (Ps. Million) 2Q13 2Q14 % Var Domestic Passenger Charges 372 413 11.0 International Passenger Charges 95 110 15.9 Other Aeronautical Services, Regulated Leases and Access Rights 105 114 8.9 Aeronautical Revenues 572 638 11.4 11.4% 27
Non Aeronautical Revenues 25% of total revenues excluding construction Non Aeronautical revenue per passenger Ps. 58.6 (Ps. Million) 2Q13 2Q14 % Var Commercial Activities 96 104 8.2 Diversification Activities 54 61 12.9 11.3% Complementary Activities 30 36 17.8 Cost Recovery 8 9 12.7 Aeronautical Revenues 189 210 11.3 28
Occupancy Rate NH Hotel Strong Results NH Hotel Results Mexico City Airport Hotel Market +10.9% vs 2Q13 (Ps. Million) 2Q13 2Q14 % Var Total Revenues 42 49 16.0 Operating Results 12 15 28.0 EBITDA 17 20 18.4 EBITDA Margin 40.5% 41.4% Occupancy Rate 83.7% 79.7% Average Daily Room Rate (pesos) 1,527 1,777 16.4 RevPAR 1 : 1,417 1 Rev PAR: Revenue per available room. Average Rate 29
Operating Cost and Expenses Operating Cost and Expenses 4.0% Cost of airport services +GA up: 0.2% (Ps. million) 2Q13 2Q14 %Var Cost of Services 191 193 1.3 General and Administrative Expenses 131 133 1.3 Cost of Airport Services +GA 298 298 0.2 Major Maintenance Provision 41 42 2.5 Construction Cost 67 49 (27.2) Concession Taxes 36 40 10.8 Technical Assistance Fee 17 21 23.9 Depreciation & Amortization 50 53 6.0 Other Expenses (Revenues), Net (19) 3 Total Operating Cost and Expense 514 534 4.0 30
2Q14 Highlights (Million Passengers and Million Pesos) 2Q13 2Q14 %Var Passenger Traffic 3.2 3.6 11.5 Aeronautical+Non Aeronautical Revenues 761 847 11.4 Construction Revenues 67 49 (27.2) Total Revenues 828 896 8.3 Income from Operations 314 362 15.3 1 Adjusted EBITDA 405 457 12.8 Adjusted EBITDA Margin 53.2% 53.9% Consolidated Net Income 216 214 (0.5) MDP and strategic Investments 145 152 4.8 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. 31
3,500 3,000 2,500 2,000 1,500 1,000 500 0 OMA s Strategy has resulted in Strong Traffic, Revenues and Adjusted EBITDA Growth 1200 1000 800 600 400 200 12 Million of terminal passengers and Million of Pesos 14 14 316 348 371 369 12 12 12 13 492 589 Diversification and Cost Control 689 13 14 797 841 16 14 12 10 8 6 4 2 CAGR 09-13 3.6% CAGR 09-13 21.2% Y-o-Y growth 14% 12% 5% -5% Financial Downturn 13% 15% 15% 9% 10% 11% 3% 2% 0% 9% 9% 5% 9% 4% 2,900 2,400 1,900 1,400 0 2006 2007 2008 2009 2010 2011 2012 2013 LTM NAR Total Passenger Non Aeronautical Revenues (NAR) has increased faster than passenger traffic as a result of commercial initiatives and diversification projects. 2 0 2006 2007 2008 2009 2010 2011 2012 2013 LTM Aeronautical+Non Aeronautical Revenues 1 Operating Cost 1 Operating costs excludes construction costs, maintenance provision, and other (expenses) income. 2 As of June 2014. 2 900 32
Focus on Generating Value 1,400 1,200 1,000 800 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 8.6 6.9 5.2 5.7 4.5 4.2 147 100 9 8 7 6 5 800 600 4 400 200 400 400 400 500 600 400 200 74 85 61 81 3 2 1 0 0 0 2008 2009 2010 2011 2012 2013 2008 2009 2010 2011 2012 2013 Payout Ratio Dividend 1 Yield 1 Note: 2012, 2011 and 2010 figures expressed under IFRS; 2001-2009 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. 33
Focus on Generating Value 25.0 20.0 Percentage ROA/ROE ROA ROE 22.1 Pesos EPS 3.01 3.19 15.0 18.8 2.05 10.0 5.0 5.5 7.2 4.6 6.1 11.2 7.6 10.1 6.6 12.8 8.2 10.9 8.8 1.37 1.19 1.65 1.54 0.0 2008 2009 2010 2011 2012 2013 LTM 1 As of June 2014. 2008 2009 2010 2011 2012 2013 LTM 1 1 34
Balance Sheet Net Debt as of June 2014 Debt Maturity Profile Million Pesos 6,213 4,497 Million Pesos UPS Comercial Paper OMA11 OMA13 OMA14 3,000 1,716 1,716 Total Debt Cash Net Debt 1,300 99 42 42 39 34 78 less 1 year 1 year 2 years 3 years 4 years 5 years + 1 Initially due on 2016. Prepaid on July 11, 2014. 1 1,500 35
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 82 5 454 469 147 579 146 537 326 107 airports as improvement in concession assets. 218 2011 2012 2013 2014 2015 MDP Investment in Land Recognized 1 Pesos of December 31, 2009. 2 MDP: Master Development Plan. 36
Subsequent Events Prepayment of Ps. 1,300 million in OMA11 notes: On July 11, 2014, OMA prepaid the Ps. 1,300 million in long term notes issued in 2011 using a part of the proceeds of the OMA14 notes issued on June 16, 2014 for Ps. 3,000 million. Second capital reimbursement payment of Ps. 300 million: On July 22, 12014, OMA paid the second of four installments of the capital reimbursement approved by Annual Shareholders Meeting on April 10, 2014, in the amount of Ps. 300 million (Ps. 0.75 per share). 37
Outlook Real 2T14 2014E Passenger Traffic Growth 11.5% 6%-8% Aeronautical and Non Aeronautical Revenue Growth 1.4% 9%-11% Adjusted EBITDA 53.9% 52%-54% MDP Investments 152 mdp 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
Results & Monterrey Track Record
Culiacán
Zihuatanejo
San Luis Potosí
Acapulco
Mazatlán