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OMA Announces Second Quarter 2017 Operational and Financial Results

MONTERREY, Mexico, July 20, 2017 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ:OMAB) (BMV:OMA), today reported its unaudited, consolidated results for the second quarter 2017.

/EIN News/ -- Second quarter 2017 summary

OMA generated growth in its operating indicators and solid financial results in the second quarter of 2017. The sum of aeronautical and non-aeronautical revenues rose 11.4%. The increase in aeronautical revenues reflects an increase of 8.3% in passenger traffic. Non-aeronautical revenue growth was noteworthy for the performance of diversification activities, principally hotels and OMA Carga, and the increase in complementary services as a result of higher checked baggage screening revenues. Adjusted EBITDA rose 16.0%, with an Adjusted EBITDA margin of 65.1%. Operating income rose 19.6%, and net income increased 14.4%.

(Million Passengers and Million Pesos) 2Q16 2Q17 % Var 6M16 6M17 % Var  
Passenger Traffic   4.5     4.9     8.3   8.7     9.5     8.5  
Aeronautical Revenues   955     1,079     13.0   1,763     2,093     18.7  
Non-Aeronautical Revenues   337     360     6.8   633     698     10.3  
Aeronautical Revenues + Non-Aeronautical Revenues   1,292     1,439     11.4   2,396     2,791     16.5  
Construction Revenues   47     300     540.7   70     567     706.8  
Total Revenues    1,339     1,739     29.9   2,467     3,358     36.1  
Adjusted EBITDA   808     936     16.0   1,512     1,808     19.5  
Adjusted EBITDA Margin (Adjusted EBITDA/Aeronautical Revenues + Non-Aeronautical Revenues, %) 62.5 % 65.1 %   63.1 % 64.8 %    
Income from Operations   660     790     19.6   1,253     1,540     22.9  
Operating Margin (%) 49.3 % 45.4 %   50.8 % 45.9 %    
Consolidated Net Income   446     510     14.4   819     933     13.9  
Net Income of Controlling Interest   447     507     13.5   820     928     13.2  
EPS* (Ps.)   1.14     1.29       2.09     2.36      
EPADS* (US$)   0.50     0.57       0.91     1.05      
MDP and Strategic Investments   142     331     133.1   212     643     203.3  
*Based on weighted average shares outstanding              


The principal results of the second quarter include:

•  Total terminal passenger traffic increased 8.3% to 4.9 million in 2Q17. Domestic traffic increased 8.8%, while international traffic increased 4.9%. The Monterrey, Chihuahua, Culiacán, and Zihuatanejo airports recorded the most growth.

•  Aeronautical revenues increased 13.0%, principally as a result of the growth in passenger traffic and an increase in specific tariffs in 2Q17.

  • Aeronautical revenues per passenger increased 4.3% to Ps. 219.6.

•  Non-aeronautical revenues increased 6.8%, principally as an indirect result of increased passenger traffic and the performance of diversification activities.

  • Non-aeronautical revenues per passenger decreased 1.4% to Ps. 73.3.

•  Adjusted EBITDA increased 16.0% to Ps. 936 million. The Adjusted EBITDA margin reached 65.1%, up 2.57 percentage points.

•  Consolidated net income increased 14.4% to Ps. 510 million. Earnings per share increased 13.0% to Ps. 1.29, while earnings per American Depositary Share (ADS) rose 14.8% to US$ 0.57, based on weighted average shares outstanding.

•  Total Capex, major maintenance, and other smaller expenditures included in the Master Development Programs (MDP) and strategic investments totaled Ps. 331 million.

OMA’s complete earnings report is available at http://ir.oma.aero.

OMA (NASDAQ:OMAB) (BMV:OMA) will hold its 2Q17 earnings conference call on July 24, 2017 at 11 am Eastern time, 10 am Mexico City time.

The conference call is accessible by calling 1-877-741-4240 toll-free from the U.S. or 1-719-325-4762 from outside the U.S. The conference ID is 6796691. The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.

A taped replay will be available through July 31, 2017 at 1-844-512-2921 toll free or + 1-412-317-6671, using the same conference ID.

This press release 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 forward-looking statements, whether as a result of new information, future events, or otherwise.

About OMA
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s second largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection Hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,000 persons in order to offer passengers and clients airport and commercial services in facilities that comply with all applicable international safety, security, and ISO 9001:2008 environmental standards.  OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit:

•  Webpage http://ir.oma.aero
•  Twitter http://twitter.com/OMAeropuertos
  Facebook https://www.facebook.com/OMAeropuertos

CONTACT:

Chief Financial Officer
Vicsaly Torres Ruiz
+52 (81) 8625 4300
vtorres@oma.aero

Investor Relations: 
Emmanuel Camacho 
+52 (81) 8625 4308
ecamacho@oma.aero

Laury Franco Castillo
+52 (81) 8625 4377
lfranco@oma.aero

Paul Rivero Zavala
+52 (81) 8625 4334
privero@oma.aero

In the US: Daniel Wilson /Zemi Communications
+1 (212) 689 9560
dbmwilson@zemi.com

Media Relations:
Paola Fernández
+52 (81) 8625 4300
pfernandez@oma.aero

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