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Presentación De Powerpoint Investment Highlights Key value • Long-term concession investments in attractive locations drivers in Mexico Matters Strategic • Established regulatory framework Financial • Track record of consistent passenger growth Information • Balanced mix of international and domestic traffic Revenues Commercial Commercial • Successful, market leading commercial business strategy • Strong cash flow profile and solid balance sheet Operational Information • Robust corporate governance and board of directors with experienced management Regulation Overview Company Page 2 Page Page Company Operational Commercial Financial Strategic Regulation 3 Overview Information Revenues Information Matters Geographical presence 50 year airport concessions from November 1998 in attractive locations in Mexico locations in 1998 attractive November from concessions airport year 50 Page Page Company Operational Commercial Financial Strategic Regulation 4 Overview Information Revenues Information Matters from various various from destinations flight times Illustrative Illustrative Cancún: Close to major U.S. destinations U.S. major to Close Cancún: Page Page Company Operational Commercial Financial Strategic Regulation 5 Overview Information Revenues Information Matters Private airports / airport groups listed airports onexchanges global/ listed airport stock groups Private ASUR and GAP are the only Latin American American Latin only the are GAP and ASUR Airport Groups listed on NYSE on listed Groups Airport Page Page Company Operational Commercial Financial Strategic Regulation 6 Overview Information Revenues Information Matters FCHP & ADO FCHP Ownership overview Ownership Page Page Company Operational Commercial Financial Strategic Regulation 7 Overview Information Revenues Information Matters Non Regulated Regulated + Regulated Revenues Dual Till System Established regulatory framework with a track record of rate setting precedents setting ofrate record atrack with framework regulatory Established Note: 2011 Revenues 2011 per PAX, expressed In nominal pesos as of Dec 2011; passenger traffic excludes transit and general aviationpassengers excludesand transitpassenger traffic Visibility of capital expenditure requirements through 2013 MDP investment commitments (expressed in June 2012 Million Pesos) 9,902M 1,318 1,209 1,109 invested 1,015 1,038 1,047 1,012 Matters Strategic 1999-2011 855 677 699 626 496 Financial 269 Information 170 242 2 2000 1 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Revenues Commercial Commercial • Visibility on capital expenditure requirements, as maximum rate negotiated along with Master Development Plan (MDP) is a function of programmed capex • Key projects completed: • Key future projects: Operational Information 1999: Government capex backlog Terminal building expansion in HUX, 2005: 9/11 security standards MID, OAX, VER and VSA 2006-2007:Terminal 3 and second Relocation of the General Aviation runway in CUN Apron in CUN Regulation Passenger flow separation in CUN Runway expansion in HUX Taxiway expansion in VER 1 Overview Committed investments from May 1999 to Dec 2000 Company 2 242 million pesos have been paid each year (anticipated) – Terminal 3 & Second Runway – Cancún Airport Note: Committed investments according to Master Development Plan, expressed in million pesos as of June 2012 based on the Mexican Page 8 construction price index in accordance with the terms of the Master Development Plan; ;2012 & 2013 Estimated ASUR’s airports are among the most frequented in Mexico Mexican Airports by PAX (thousand PAX) Matters Var % Strategic Pax (‘000s) Airport 11 vs. 2010 2011 10 1 Mexico City 24,131 26,369 9.3% 2 Cancún 12,439 13,023 4.7% 3 Guadalajara 6,954 7,202 3.6% Financial Information 4 Monterrey 5,380 5,583 3.8% 5 Tijuana 3,650 3,501 -4.1% 6 Los Cabos 2,746 2,807 2.2% 7 Puerto Vallarta 2,735 2,536 -7.3% Revenues 8 Toluca 2,271 1,689 -25.6% Commercial Commercial 9 Mérida 1,136 1,226 7.9% 10 Hermosillo 1,138 1,201 5.5% 11 Culiacán 1,060 1,071 1.0% 12 Veracruz 834 867 4.0% Operational Information 13 Guanajuato 854 854 0.0% 14 Villahermosa 729 851 16.8% 2011 Total PAX 15 Chihuahua 828 782 -5.6% Int PAX Dom PAX Total PAX 06-11 CAGR 16 Mazatlán 756 722 -4.4% 10,083 7,457 17,540 4.90% Regulation 17 Ciudad Juárez 634 673 6.2% 7,152 13,055 20,208 -0.30% 18 Acapulco 737 596 -19.1% 1,784 9,988 11,773 0.00% 19 Zihuatanejo 497 481 -3.2% 1 All of Mexico 28,904 53,155 82,058 2.20% 20 Huatulco 386 460 19.2% Overview Company 1 According to the Communications and Transport Ministry’s website Page 9 Source: Company financials, AICM website: Note: Selected airport sample includes ASUR, GAP, OMA and OHL concessions and the Mexico City airport; PAX traffic excludes transit and general aviation PAX Revenue and passenger breakdown 2011 Revenue per PAX: Ps.220 Matters Strategic 2011 Revenues by business by airport Other 11.3% Ps.3,859M Non-aeronautical 35% Regulated Villahermosa Commercial 69% 3.6% Financial Information 31% Merida 5.8% Cancun 79.3% Revenues Commercial Commercial Aeronautical 65% 2011 PAX by type by airport Operational Information 17.5M Other 13.8% Veracruz Domestic 4.9% 43% Merida Cancun Regulation 7.0% 74.2% International 57% Overview Company Source: Company filings; Note: Non-aeronautical revenues are derived from leasing of space in airports to airlines, restaurants, retailers and other commercial tenants and access fees collected from third parties providing complementary services (such as catering, handling, and ground transport). Commercial revenues are all non-aeronautical and include revenues related to retail (duty free & duty paid), food & beverages, advertising, banking & foreign exchange, car rental, car parking, ground transport, teleservices and others. Revenues from Construction Services are not included. PAX traffic Page 10 excludes transit and general aviation. ASUR traffic evolution Domestic International Cancun Airport 1990 – 2012 CAGR: 5.8% 19.2 Matters Strategic 17.8 17.5 10.6 16.7 16.2 10.1 10.1 15.5 9.1 9.8 14.5 13.9 13.8 8.8 13.3 13.0 Financial 12.6 Information 12.4 12.2 8.6 8.0 11.4 8.1 11.3 11.2 11.2 11.0 10.6 7.1 10.0 9.8 6.8 9.7 9.4 6.6 6.4 9.3 5.9 8.7 8.5 8.3 8.0 5.4 7.8 5.0 7.7 7.6 7.7 7.4 Revenues 7.0 Commercial Commercial 3.6 4.1 6.2 3.5 4.0 6.2 5.9 5.6 3.1 4.8 5.1 2.8 4.3 4.4 2.6 3.9 3.0 3.4 Operational Information 3.0 3.4 4.3 4.3 4.9 4.0 4.2 4.4 4.4 4.7 4.7 4.6 4.6 5.1 5.3 5.2 5.8 7.2 7.7 6.7 6.9 7.5 8.6 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Regulation YOY Growth (%) 10.7 19.4 5.4 9.0 (5.9) 3.8 13.3 4.3 8.4 7.7 (1.8) (2.2) 10.9 14.0 (4.1) 3.4 17.8 9.3 (12.5) 7.6 9.7 CAGR ’90–’12 (INT’L): 6.6% Source: ASA from 1990-1998. ASUR management thereafter CAGR ’90–’12 (DOM): 4.9% Overview Company Note: Transit and general aviation excluded CAGR ’90–’12 (Cancun): 7.4% Page 11 ASUR has a balanced mix of domestic and international traffic Passenger traffic by Origin – Destination (million PAX) Matters Strategic Financial Information % Change % of total CAGR Avg. GDP Region 99 00 01 02 03 04 05 06 07 08 09 10 11 11 vs. 10 2011 1 99-11 99-10 Mexico 5.0 5.0 4.9 4.8 5.3 5.6 5.5 5.9 7.4 8.1 7.0 7.2 7.7 6.2 43.9 3.6 2.4 Revenues USA 4.1 4.6 4.5 4.4 4.9 5.9 5.6 5.3 6.0 6.5 5.9 6.2 6.2 (0.1) 35.3 3.5 2.1 Commercial Commercial Europe 0.7 0.9 0.9 0.8 1.0 1.3 1.2 1.3 1.4 1.5 1.0 1.2 1.3 10.2 7.6 5.7 1.8 Canada 0.3 0.4 0.5 0.6 0.7 0.8 0.8 0.8 1.0 1.3 1.3 1.5 1.7 10.9 9.8 15.8 2.5 Latin America 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.3 0.5 0.6 17.5 3.5 1.4 3.0 Operational Information Asia & Others 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.1 ASUR 10.6 11.4 11.3 10.9 12.2 13.9 13.4 13.6 16.1 17.8 15.5 16.7 17.5 4.9 100 4.3 3.7 Regulation 1 Note: % of total refers to 2011 figure Note: Excludes transit and general aviation; Source for real GDP growth estimates: International Monetary Fund – average annual real GDP growth from 1999-2010 Overview Company Page 12 Historically, traffic has recovered and grown after exogenous events 25 Sep. '08: Financial Crisis May '09: AH1N1 Passenger Oct. '05: Hurricane Wilma 20 traffic during Jul. '05: Hurricane Emily Matters Strategic 19.2M last 12- months at Sep.
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