Third 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 9.2% 3Q14: 4.0 MPAX Metropolitan Regional Tourist Border Cities NH Hotel 4
4,000 3,500 3,000 2,500 2,000 1,500 1,000 500-15.0 13.0 11.0 9.0 7.0 5.0 3.0 1.0-1.0 A History of Successful Milestones Historical Performance Revenue figures in Ps. million 10.6 9.7 8.6 8.9 1,480 1,334 1,137 1,204 19% 14% 16% 19% 86% 84% 81% 81% 11.8 1,687 19% 81% 14.2 14.1 11.5 11.6 11.8 2,459 2,144 1,897 1,988 1,896 24% 18% 19% 19% 23% 82% 81% 81% 77% 76% 13.3 12.6 3,065 2,820 26% 24% 76% 74% 14.2 3,311 26% 74% 1 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 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; 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 September 2014. 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 4,620,150 repurchased shares as of September, 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 124 21 49 48 3 19 Orders/ additional Average Age 100 52 80 44-9 9.3 20.6 6.0 5.7 12.3 16.0 Source: Ministry of Communication and Transportation 2012 Report. Source: DGAC, Airlines. August 2014. 9
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
Air Traffic Development Strategy
Develop Air Traffic and Connectivity +45 net new routes 9M14 +9.2% passenger growth 9M14 Air national connectivity Air international connectivity Air regional connectivity 12
Aeromexico s HUB in Monterrey +12 new direct routes + 213,000 additional passengers per year 13
Volaris Regional HUB in Monterrey +27 new routes + 466,000 additional passengers per year 14
Interjet s Regional HUB in Monterrey +9 new direct routes + 241,000 additional passengers per year 15
+ 145,000 additional passengers +10 new routes New Airline: TAR 16
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. 18
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 from OMA: Ps.162 million. ESTACIONAMIENTO GLORIETA ACCESO/SALIDA MOTOR LOBBY ESTACIONAMIENTO PUENTE CONEXION TERMINAL B 23
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
Operational and Sustainability Leadership
Sustainable Management Model Source: Company filings, GRI Report. 26
Results Track Record & & Track Results Record
Aeronautical Revenues 75% of total revenues excluding construction Aeronautical revenue per passenger Ps. 174.2 (Ps. Million) 3Q13 3Q14 % Var Domestic Passenger Charges 406 456 12.3 International Passenger Charges 100 112 11.9 Aeronautical Services, Regulated Leases and Access Rights 104 121 15.7 Aeronautical Revenues 610 689 12.8 12.8% 28
Non Aeronautical Revenues 25% of total revenues excluding construction Non Aeronautical revenue per passenger Ps. 56.5 (Ps. Million) 3Q13 3Q14 % Var Commercial Activities 105 112 6.3 Diversification Activities 59 65 10.5 8.1% Complementary Activities 34 37 8.7 Cost Recovery 9 10 10.6 Non Aeronautical Revenues 207 223 8.1 29
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 47 49 5.1 Operating Results 14 15 5.2 EBITDA 20 20 3.5 EBITDA Margin 42.0 41.4% Occupancy Rate 85.5% 82.1% (343) bp Average Daily Room Rate (pesos) 1,637 1,738 6.2 RevPAR 1 : 1,427 1 Rev PAR: Revenue per available room. Average Rate 30
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 187 193 3.3 General and Administrative Expenses 129 129 (0.4) Cost of Airport Services +GA 316 322 1.8 Major Maintenance Provision 41 42 2.8 Construction Cost 52 90 72.3 Concession Taxes 40 45 13.2 Technical Assistance Fee 20 23 14.8 Depreciation & Amortization 51 54 6.7 Other Expenses (Revenues), Net (3) (24) 652.1 Total Operating Cost and Expense 518 553 6.9 31
3Q14 Highlights (Million Passengers and Million Pesos) 3Q13 3Q14 %Var Passenger Traffic 3.6 4.0 9.2 Aeronautical+Non Aeronautical Revenues 817 912 11.6 Construction Revenues 52 90 72.3 Total Revenues 869 1,002 15.3 Income from Operations 352 449 27.7 1 Adjusted EBITDA 444 545 23.0 Adjusted EBITDA Margin 54.3% 59.8% Consolidated Net Income 228 271 18.9 MDP and strategic Investments 127 148 16.9 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
OMA s Strategy has resulted in Strong Traffic, Revenues and Adjusted EBITDA Growth 200 000 800 600 400 200 12 Million of terminal passengers and Million of Pesos 14 14 316 348 371 369 12 12 12 13 492 Diversification and Cost Control 589 689 13 796 14 858 16 14 12 10 8 6 4 2 CAGR 09-13 3.6% CAGR 09-13 21.2% 3,500 3,000 2,500 2,000 1,500 1,000 500 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 1,400 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 0 2006 2007 2008 2009 2010 2011 2012 2013 LTM Aeronautical+Non Aeronautical Revenues Operating Cost 1 Operating costs excludes construction costs, maintenance provision, and other expenses (income). 2 As of September 2014. 900 1 33
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. 34
Focus on Generating Value ROA/ROE EPS 25.0 Percentage ROA ROE Pesos 3.01 3.21 20.0 21.9 15.0 18.8 2.05 10.0 5.0 7.2 5.5 4.6 6.1 7.6 11.2 6.6 10.1 8.2 12.8 10.9 10.4 1.37 1.19 1.65 1.54-2008 2009 2010 2011 2012 2013 LTM 1 As of September 2014. 1 2008 2009 2010 2011 2012 2013 LTM 35 1
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 0 47.6% Liabilities and Stockholder's Equity 1,500 34 34 34 26 79 1 año 2 años 3 años 4 años 5 años + USD Debt OMA13 OMA14 36
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. 37
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
Results & Monterrey Track Record
Culiacán
Zihuatanejo
San Luis Potosí
Acapulco
Mazatlán