Presentación De Powerpoint

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 Airport operations in attractive locations in Mexico and the Caribbean and the Mexico in locations attractive in operations Airport 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: 2012 Revenues 2012 per PAX, expressed In nominal pesos as of Dec 2012; 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) Pax (‘000s) Var % Matters Strategic 2012 Airport Rank Group 2011 2012 12 vs. 11 1 AICM Mexico City 26,365 29,481 11.8% 2 ASUR Cancun 13,022 14,463 11.1% 3 GAP Guadalajara 7,155 7,419 3.7% 4 OMA Monterrey 5,583 6,106 9.4% Financial 5 GAP Tijuana 3,488 3,751 7.5% Information 6 GAP Los Cabos 2,754 2,801 1.7% 7 GAP Puerto Vallarta 2,482 2,409 -3.0% 8 ASUR Merida 1,226 1,278 4.3% 9 GAP Hermosillo 1,142 1,222 7.0% 10 OMA Revenues Culiacan 1,071 1,168 9.1% Commercial Commercial 11 ASUR Villahermosa 851 998 17.3% 12 TLC Toluca 1,579 987 -37.5% 13 GAP Bajio 833 930 11.7% 14 ASUR Veracruz 867 927 6.9% 15 OMA Chihuahua 782 855 9.3% Operational Information 16 OMA Cd. Juarez 673 699 3.9% 2012 Total PAX 17 OMA Mazatlan 722 669 -7.3% Int PAX Dom PAX Total PAX 06-12 CAGR 18 OMA Tampico 548 595 8.5% 19 OMA Acapulco 596 547 -8.3% 10,609 8,637 19,247 5.7% 20 GAP Mexicali 482 513 6.4% Regulation 7,313 13,975 21,287 0.6% 21 ASUR Oaxaca 401 491 22.3% 22 ASUR Huatulco 460 486 5.7% 1,825 10,769 12,594 1.1% 23 GAP La Paz 478 482 0.8% 24 ASUR Cozumel 442 460 4.3% 1 All of Mexico 29,572 56,719 86,291 2.7% 25 OMA Zihuatanejo 481 458 -4.7% 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 2012 Revenue per PAX: Ps.232 Matters Strategic 2012 Revenues by business by airport Villahermosa Other 10.9% Ps.4,457M Non-aeronautical 36% Regulated 3.6% Commercial 67% Financial Merida Information 32% 5.3% Cancun 80.2% Revenues Commercial Commercial Aeronautical 64% 2012 PAX by type by airport Operational Information Other 13.5% 19.2M Villahermosa Domestic 5.0% 45% Merida 6.4% Cancun Regulation 75.1% International 55% 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 1990 – 2012 Domestic International Cancun Airport 19.2 17.8 10.6 CAGR: 5.8% 17.5 Matters Strategic 16.7 16.2 10.1 10.1 15.5 9.8 9.1 14.5 13.9 8.8 13.8 13.3 13.0 8.6 12.6 12.4 12.2 8.0 Financial 8.1 Information 11.4 11.3 11.2 11.2 11.0 10.6 7.1 6.8 10.0 9.8 6.6 6.4 9.7 9.4 5.9 9.3 8.7 8.5 8.3 5.4 8.0 5.0 7.8 7.7 7.6 7.7 7.4 Revenues 3.6 7.0 Commercial Commercial 4.1 3.5 4.0 6.2 6.2 3.1 5.9 5.6 5.1 2.8 4.8 4.3 4.4 2.6 3.9 3.4 3.5 3.0 3.3 Operational Information 2.1 2.2 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 1.2 1.3 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Regulation 2M12 2M13 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 4.9 9.7 7.0 CAGR ’90–’12 (INT’L): 6.6% Overview Company Source: ASA from 1990-1998. ASUR management thereafter CAGR ’90–’12 (DOM): 4.9% Note: Transit and general aviation excluded Page 11 CAGR ’90–’12 (Cancun): 7.4% 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 Region 99 00 01 02 03 04 05 06 07 08 09 10 11 12 12 vs. 11 2012 1 99-12 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 8.9 16.2 46.5 4.5 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 6.2 (0.2) 32.1 3.2 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 1.5 13.1 7.8 6.3 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 1.8 3.6 9.2 14.8 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 0.9 38.3 4.4 3.9 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 0.0 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 19.2 9.7 100 4.7 Regulation 1 Note: % of total refers to 2012 figure Note: Excludes transit and general aviation; Overview Company Page 12 Historically, traffic has recovered and grown after exogenous events 25 Sep.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    23 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us