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Donnerstag, 19.10.2017 22:40 von PR Newswire | Aufrufe: 73

ASUR 3Q17 Passenger Traffic Increased 8.1% YoY in Mexico and Declined 5.5% in San Juan, Puerto Rico

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PR Newswire

MEXICO CITY, Oct. 19, 2017

MEXICO CITY, Oct. 19, 2017 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, a JV partner in Aerostar Airport Holdings, LLC (Aerostar), and operator of the Luis Muñoz Marín International Airport in San Juan (LMM Airport), today announced results for the three- and nine-month periods ended September 30, 2017.

Highlights for the Quarter

Agreements to acquire controlling interest in two Colombian airport groups, subject to governmental approval.
Passenger traffic in Mexico up 8.1% YoY, supported by increases of 6.9% and 9.4% in domestic and international traffic, respectively. Cancun Airport was the main traffic driver.
Traffic at LMM Airport declined 5.5% YoY, 4.3% in domestic traffic and 12.2% in international traffic impacted by Hurricane Maria in September 2017.
Consolidated commercial revenues per passenger reached Ps.99.5.
Consolidated EBITDA up 39.5% YoY, reaching Ps.1,916.6 million.
Closed the quarter with a cash position of Ps.7,679.0 million. Net Debt to LTM EBITDA stood at 1.0x, reflecting consolidation of Aerostar.
On track to complete construction of Terminal 4 at Cancun Airport, scheduled to open in 4Q17.

Table 1: Financial & Operational Highlights ¹

Third Quarter

% Chg

ARIVA.DE Börsen-Geflüster

Kurse

Grupo Aeroportu. B ADR/10

290,00 €

-1,69%

Grupo Aeroportu. B ADR/10 Realtime-Chart

2016

2017

Financial Highlights

Total Revenue

2,355,757

3,230,104

37.1

- Mexico

2,355,757

2,606,720

10.7

- San Juan

623,384

n/a

Commercial Revenues per PAX

94.6

99.5

5.2

- Mexico

94.6

100.5

6.3

- San Juan

95.9

n/a

EBITDA

1,374,135

1,916,603

39.5

Net Income

916,798

1,145,613

25.0

Majority Net Income

916,798

1,100,695

20.1

Earnings per Share (in pesos)

3.0560

3.6690

20.1

Earnings per ADS (in US$)

1.6829

2.0205

20.1

Capex

(410,051)

(313,395)

(23.6)

Cash & Cash Equivalents

3,521,380

7,678,970

118.1

Net Debt

639,061

7,033,478

1000.6

Net Debt/ LTM EBITDA

0.1

1.0

749.0

Operational Highlights

Passenger Traffic

- Mexico

7,199,539

7,783,057

8.1

- San Juan

2,268,840

2,144,760

-5.5

¹ Unless otherwise stated, all financial figures discussed in this announcement are unaudited, prepared in accordance with International Financial Reporting Standards (IFRS) and represent comparisons between the three- and nine-month periods ended September 30, 2017, and the equivalent three- and nine-month periods September 30, 2016. On May 26, 2017 ASUR increased its share ownership in Aerostar to 60% from its prior 50% ownership. Accordingly, starting June 1, 2017. ASUR began to fully consolidate Aerostar results on a line by line basis, while until then results were accounted for by the equity method. Results are expressed in pesos. Tables state figures in thousands of pesos, unless otherwise noted. Passenger figures for Mexico only, exclude transit and general aviation passengers, unless otherwise noted. Commercial revenues include revenues from non-permanent ground transportation and parking lots. All U.S. dollar figures are calculated at the exchange rate of US$1.00 = Ps.18.1590. Definitions for EBITDA, Adjusted EBITDA margin, Majority Net Income, domestic and international traffic can be found on page 12 of this report.

3Q17 Earnings Call

Date & Time: Friday, October 20, 2017 at 10:00 AM US ET; 9:00 AM CT

Dial-in: 1-888-747-4666 (US & Canada); 1-719-457-1035 (International & Mexico). Access Code: 9652350.

Replay: October 20, 2017 at 1:00 PM US ET, ending at 11:59 PM US ET on October 25, 2017. Dial-in number: 1-844-512-2921 (US & Canada) 1-412-312-6671 (International & Mexico); Access Code 9652350

Passenger Traffic

ASUR's total passenger traffic in 3Q17 rose 4.9% YoY to 9.9 million passengers, driven by an 8.1% increase in Mexico, partially offset by a 5.5% decline in traffic in Puerto Rico. The decline in passenger traffic at Luis Muñoz Marín Airport in San Juan, Puerto Rico reflects the impact of Hurricane Maria, which resulted in operations at this airport being suspended on September 19, 2017 at 19:30 pm and resuming on a limited basis on September 21, 2017 with 10 flights, increasing progressively to 41 daily flights at the end of September 2017. The airport is still operating on a limited basis.

The 8.1% YoY growth in passenger traffic achieved in Mexico reflects increases of 6.9% and 9.4% in domestic and international traffic, respectively. Cancun was the main driver behind traffic growth, reporting increases of 9.5% and 9.4% in domestic and international traffic, respectively, with the majority of ASUR's airports also contributing to higher traffic.

Total passenger traffic at LMM Airport in 3Q17 declined 5.5% YoY, reflecting reductions of 4.3% and 12.2% in domestic and international traffic, respectively as explained above.

Tables with detailed passenger traffic information for each airport can be found on page 14 of this report.

Table 2: Passenger Traffic Summary

Third Quarter

% Chg.

Nine-Months

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