OMA Announces First Quarter 2014 Earnings

| Source: Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

MONTERREY, Mexico, April 28, 2014 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (Nasdaq:OMAB) (BMV:OMA), reported its unaudited, consolidated results for the first quarter of 2014 today.

First Quarter 2014 Summary

OMA first quarter results reflect the ongoing positive evolution of passenger traffic volumes, and increases in both aeronautical and non-aeronautical revenues in line with the Company's outlook for the year. The strong growth of non-aeronautical revenues, as a result of the success of commercial and diversification initiatives, is to be noted. OMA continues to improve its generation of Adjusted EBITDA, and recorded a solid increase in net income.

   
(Million Passengers and Million Pesos) 1Q13 1Q14 % Var
Passenger Traffic 3.0 3.2 6.8
Aeronautical Revenues 517  558  7.9
Non-Aeronautical Revenues  184  207  12.7
Aeronautical Revenues + Non-Aeronautical Revenues  701  765  9.2
Construction Revenues  87  74  (14.5)
Total Revenues  788  839  6.6
Income from Operations  302  310  2.7
Operating Margin (%) 38.4% 37.0%  
Adjusted EBITDA  393  404  3.0
Adjusted EBITDA Margin (Adjusted EBITDA/Aeronautical Revenues + Non-Aeronautical Revenues, %) 56.0% 52.8%  
Consolidated Net Income  226  258  14.1
Net Income of Controlling Interest  226  257  14.0
EPS* (Ps.)  0.57  0.65  
EPADS* (US$)  0.37  0.40  
MDP and Strategic Investments  169  139  (17.9)
*Based on weighted average shares outstanding
See Notes to the Financial Information
  • Terminal passenger traffic increased 6.8% to 3.2 million in 1Q14; domestic traffic increased 7.2%, and international traffic increased 5.2%. The airlines with the largest increases in traffic were Aeroméxico, Volaris, Delta, and Interjet.

    • Nineteen new domestic routes opened in the quarter, as a result of the combined efforts of the airlines and OMA to develop passenger traffic. The new routes strengthen the outlook for continued passenger traffic growth.
       
  • Aeronautical revenues increased 7.9%, principally as a result of the growth in passenger traffic.

    • Aeronautical revenues per passenger were Ps. 172.5, up 1.1%.
       
  • Non-aeronautical revenues increased 12.7% as a result of growth in diversification and commercial initiatives.

    • Non-aeronautical revenues per passenger increased 5.5% to Ps. 64.0; this marks the 24th consecutive quarter of growth in non-aeronautical revenues per passenger.
       
  • Adjusted EBITDA increased 3.0% to Ps. 404 million. The Adjusted EBITDA margin was 52.8%.  
     
  • Consolidated net income rose 14.1% to Ps. 258 million. Earnings were Ps. 0.65 per share, or US$ 0.40 per American Depositary Share (ADS).
     
  • Total Master Development Plan (MDP) and strategic investment expenditures were Ps. 139 million.

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

OMA (Nasdaq:OMAB) (BMV:OMA) will hold its 1Q14 earnings conference call on April 30, 2014 at 10 am Eastern time, 9 am Mexico City time.

The conference call is accessible by calling 1-877-941-2069 toll-free from the U.S. or 1-480-629-9713 from outside the U.S. The conference ID is 4679995. A taped replay will be available through May 7, 2014 at 877-870-5176 toll free or + 1-858-384-5517, using the same ID.

The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.

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 expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," 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 publicly update 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 a hotel and commercial areas inside Terminal 2 of the Mexico City 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 standards, and ISO 9001:2008. OMA's strategic shareholder members are ICA, Mexico's largest engineering, procurement, and construction company, and Aéroports de Paris Management, subsidiary of Aéroports de Paris, the third largest European airports operator. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, please visit us at: 



            








        

            

                

                    
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