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OMA Announces Fourth Quarter and Full Year 2019 Operating and Financial Results

MEXICO CITY, Feb. 13, 2020 (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 financial and operating results for the fourth quarter and full year 2019. 

Full year 2019 Summary

  • Ps.1,357 in Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments in 2019.
  • During 2019, we inaugurated the expansion and remodeling of the San Luis Potosí and Chihuahua airports terminal buildings.
  • Passenger traffic grew 7.4%, reaching 23.2 million passengers.
  • In 2019, 46 new routes began to operate, of which, 30 were domestic and 16 were international. Net opening of routes was 33.

4Q19 Summary

  • Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments were Ps. 491 million for the quarter.
  • Passenger traffic grew 7.6%, reaching 6.0 million passengers.
(Thousand Passengers and Million Pesos) 4Q18 4Q19 % Var 2018   2019   % Var  
Passenger Traffic 5,531   5,952   7.6   21,566   23,168   7.4    
Aeronautical Revenues 1,312   1,442   10.0   5,140   5,753   11.9    
Non-Aeronautical Revenues 431   473   9.8   1,625   1,820   11.9    
Aeronautical + Non-Aeronautical Revenues 1,742   1,915   9.9   6,766   7,572   11.9    
Construction Revenues 279   348   24.7   1,142   955   (16.4 )  
Total Revenues 2,021   2,263   12.0   7,907   8,527   7.8    
Adjusted EBITDA 1,217   1,402   15.2   4,733   5,563   17.5    
Adjusted EBITDA Margin (%) 69.9 % 73.2 %   70.0 % 73.5 %    
Income from Operations 1,059   1,165   10.0   4,133   4,855   17.5    
Operating Margin (%) 52.4 % 51.5 %   52.3 % 56.9 %    
Consolidated Net Income 819   761   (7.1 ) 2,864   3,227   12.7    
Net Income of Controlling Interest 816   758   (7.1 ) 2,852   3,220   12.9    
EPS (Ps.) 2.07   1.94   (6.6 ) 7.25   8.20   13.1    
EPADS (US$) 0.84   0.82   (2.7 ) 2.95   3.48   17.8    
MDP and Strategic Investments 342   491   43.6   1,449   1,357   (6.3 )  


OMA will hold its 4Q19 earnings conference call on February 14, 2020 at 11 am Eastern time, 10 am Mexico City time.

Call 1-877-407-9208 toll-free from the U.S. or 1-201-493-6784 from outside the U.S. The conference ID is 13698701. The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.

This report 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 third 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:

CONTACT:

Chief Financial Officer
Ruffo Pérez Pliego
+52 (81) 8625 4300
rperezpliego@oma.aero 

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