The following is a summary of the Grupo Aeroportuario Del Centro Norte, S.A.B. De C.V. (OMAB) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Record-breaking results in passenger traffic, revenues, adjusted EBITDA (78.4%) and consolidated net income in 2023 for OMA.

• Aeronautical and non-aeronautical revenues saw increases of 27% and 18% respectively compared to 2022.

• The year ended with a consolidated net income of MXN5 billion which is a 28% increase from 2022.

• In Q4 2023, adjusted EBITDA rose by 16% to MXN2.3 billion and aeronautical revenues grew by 13% to MXN2.2 billion.

• Construction revenues declined 27% due to reduced investments during the quarter.

Business Progress:

• OMA showcased significant growth across restaurants, car parking, VIP lounges, and retail.

• Future plans include the construction of two new warehouses, expansion and remodeling of several airport buildings and terminals.

• OMA achieved level 2 airport carbon accreditation in all its 13 airports indicating a commitment to sustainability.

• Steady passenger traffic predicted for 2024 due to Pratt & Whitney recalls.

• Despite increased concession tax, the company managed a healthy net debt to adjusted EBITDA ratio of 0.9 times.

More details: Central North Airport IR

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