Authorization

OMA Announces Fourth Quarter and Full Year 2018 Operating and Financial Results

MONTERREY, Mexico, Feb. 11, 2019 (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 2018.A 
Highlights full year 2018

Adjusted EBITDA grew 23.6%, with a margin of 70.0%





Aeronautical and Non-Aeronautical revenues increased 16.6%





Passenger traffic increased 9.7%





Net income rose 34.0%





Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments reached Ps. 1,449 million in 2018.

Highlights 4Q18

Adjusted EBITDA grew 21.9%, with a margin of 69.9%





Aeronautical and Non-Aeronautical revenues increased 17.7%





Passenger traffic increased 10.4%





Net income rose 31.2%



































(Thousand Passengers and Million Pesos)



4Q17



4Q18



% Var



2017



2018



% Var







Passenger Traffic



5,010



5,531



10.4



19,662



21,566



9.7







Aeronautical Revenues



1,090



1,312



20.3



4,347



5,140



18.2







Non-Aeronautical Revenues



390



431



10.4



1,456



1,625



11.6







Aeronautical + Non-Aeronautical Revenues



1,480



1,742



17.7



5,803



6,766



16.6







Construction Revenues



410



279



(32.0)



1,329



1,142



(14.1)







Total Revenues



1,891



2,021



6.9



7,133



7,907



10.9







Adjusted EBITDA



999



1,217



21.9



3,829



4,733



23.6







Adjusted EBITDA Margin (%)



67.5%



69.9%







66.0%



70.0%











Income from Operations



830



1,059



27.5



3,239



4,133



27.6







Operating Margin (%)



43.9%



52.4%







45.4%



52.3%











Consolidated Net Income



625



819



31.2



2,137



2,864



34.0







Net Income of Controlling Interest



621



816



31.4



2,128



2,852



34.0







EPS (Ps.)



1.58



2.07



31.4



5.40



7.25



34.1







EPADS (US$)



0.64



0.84



31.9



2.19



2.95



34.7







MDP and Strategic Investments



590



342



(42.0)



1,684



1,449



(14.0)









4Q18 Results SummaryAdjusted EBITDA grew 21.9%, with an Adjusted EBITDA margin of 69.9%.Aeronautical and non-aeronautical revenues rose 17.7%, while passenger traffic increased 10.4%.A A A Aeronautical revenues rose 20.3%, mainly as a result of higher traffic volumes.Non-aeronautical revenues grew 10.4%, led by growth in the parking and VIP lounges line items.A Cost of airport services and G&A expense increased 4.0%.A  The growth reflected primarily an increase in payroll expense and electricity tariffs.A Capital investments and major maintenance included in the Master Development Plans (MDPs) plus strategic investments reached Ps. 342 million. Investments included the construction process of a new passenger terminal in the Reynosa airport, the expansion and remodeling of the Chihuahua and San Luis PotosA­ passenger terminals; as well as other operational infrastructure works.A  All investments were funded out of cash generated from operations.The ratio of net debt to EBITDA was 0.34 as of December 31, 2018.OMAa??s complete earnings report is available at https://ir.oma.aero/financial-information/quarterly-results

OMA will hold its 4Q18 earnings conference call on February 12, 2018 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 13686952. The conference call will also be available by webcast at https://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 a??believe,a?? a??expect,a?? a??anticipate,a?? a??target,a?? a??estimate,a?? 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 a??Risk Factors.a?? OMA undertakes no obligation to update publicly its forward-looking statements, whether as a result of new information, future events, or otherwise.

About OMAGrupo 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. OMAa??s airports serve Monterrey, Mexicoa??s third largest metropolitan area, the tourist destinations of Acapulco, MazatlA?n, 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. A OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit:

Webpage https://ir.oma.aero





Twitter https://twitter.com/OMAeropuertos





Facebook https://www.facebook.com/OMAeropuertos


CONTACT: Chief Financial Officer
Ruffo PA©rez Pliego
+52 (81) 8625 4300
rperezpliego@oma.aeroInvestor Relations:
Emmanuel Camacho
+52 (81) 8625 4308
ecamacho@oma.aero
See also:
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