expectations or state other forward-looking information. Those - - PowerPoint PPT Presentation

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 2

Some of the statements contained in this presentation discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR’s filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward- looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.

International

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 3 International

Long Serving Experienced Management

Fernando Chic ico Par ardo

Chairman of the Board of Directors

with company since 2005

Adolfo Cas astro Ri Rivas

Chief Executive and Financial Officer Head of Investor Relations

with company since 2000

Clau laudio Gó Góngora Morales

General Counsel

with company since 1999

Ale lejandro Pan antoja Ló López

Chief Infrastructure Officer

with company since 2001

Carl arlos Tru rueba Coll

• ll

General Director of Cancún Airport

with company since 1998

Man anuel Gu Gutié iérrez So Sola la

Chief Commercial Officer

with company since 2000

Héctor Navarrete Muñoz

General Director of Regional Airports

with company since 1999

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 4 International

Key value drivers

• Long-term concession investments in attractive locatio

ions in Mexico, the Caribbean and South America

• Es

Established regulatory framework

• Track record of consis

istent pas passe senger gr growth

• Bala

Balanced mix ix of international and domestic traffic

• Successful, market leading com
• mmercia

ial bu busin iness strategy

• Strong cas

ash fl flow profile and solid ba bala lance she sheet

• Robust corporate governance and board of directors with experienced management

• Member of Bolsa Mexicana de Valores sus

sustain inabil ility index

• Active participant of Unit

ited Nati tions s Gl Global Co Compact, in Mexico and internationally

• Certified by CE

CEMEFI as Socially Responsible Company (11th year)

• Airports’ Environmental Management Systems certified under ISO

ISO 1400 14001

• En

Environmental Co Compliance certification from Mexican Environmental Protection Agency

• Focus on qu

quality of

• f lif

ife for

• r em

employees an and community rela elations

• Strict standards of cor
• rporate governance and bu

busin iness eth thics

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 5 International

Sustainability is a key strategy in

• ur business

model

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 6 International

Geographical presence

Source: ASUR Company Filings

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 7 International

Illustrative flight times from various destinations

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 8 International

ASUR and GAP are the only Latin American Airport Groups listed on NYSE

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 9 International

FCHP & ADO

* 32,945,080 shares with voting rights and delegated voting rights, as of February 06, 2018

ASUR adjusts specific tariffs / prices once every six months using the Mexican producer price index, excluding petroleum).

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 10 International

Dual Till System

Regulated + Non Regulated Revenues

Note: 2017 Revenues per PAX, expressed In nominal pesos as of Dec 2017; passenger traffic excludes transit and general aviation passengers Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 11 International

MDP Committed Investments 1999-2018:

23,502

milli illion pes esos

• s

2019-2023:

11,758

milli illion pes esos

• s

MDP DP In Inves estment Co Commitments

(expressed in December 2017 Million Pesos)

Visibility on capital expenditure requirements, as maximum rate negotiated along with Master Development Plan (MDP) is a function of programmed CAPEX

 1999: Government CAPEX backlog  2005: 9/11 security standards  2006-2007:Terminal 3 and second runway in CUN  2011: Passenger flow separation in CUN  Required works for Airport Certification (9 airports)  Terminal building expansion:

• 2011-2013: HUX, MID, OAX and VSA
• 2014-2016: Terminal 2 & 3 in CUN and VER
• 2014-2017: Terminal 4 in CUN

 MID: Terminal expansion

(includes a complete reconfiguration)

 CUN: Terminal 4 expansion,

parallel taxiway on runway 12L-30R, new access roads

 OAX & VSA: Terminal

expansions

 ALL: Runway, Taxiways &

Apron repaving + equipment renewal

Key pr projects s com

• mpleted (19

(1999 99-20 2018) 8) Futu Future Projects s (m (mai ain)

1 Committed investments from May 1999 to Dec 2000; 2 177 M Pesos pesos have been paid each year (anticipated) – Terminal 3 Cancún Airport.

Note: Committed investments according to the approved MDP, expressed in million pesos as of Dec. 2017 based on the Mexican construction price index in accordance with the terms of the MDP. Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 12 International

Mexican Airports by PAX

(thousand PAX)

1 According to the Communications and Transport Ministry’s website

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

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 13 International

2017 Total Revenue per PAX:

Ps.290.8

by business by airport

Ps.9,029M

by airport by type

Cancun

76.0%

Merida

6.9%

Villahermosa

4.1%

Other 13.0% Aeronautical 59% Non-aeronautical 41% Cancun

81.6%

Merida

5.5%

Villahermosa

2.9%

Other 10.1% International

53.9%

Domestic

46.1%

Regulated

62%

Commercial

38%

2017 Revenues

31.1M

2017 PAX

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 excludes transit and general aviation. Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 14 International

1990 – 2018 TOTAL PAX CAGR:

6.6%

CAGR ’90–’18 (INT’L):

7.0%

CAGR ’90–’18 (DOM):

6.1%

Source: ASA from 1990-1998. ASUR management thereafter Note: Transit and general aviation excluded

CAGR ’90–’18 (Cancun):

7.9%

Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

1 Note: % of total refers to 2017 figure

Note: Excludes transit and general aviation;

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 15 International

Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

Passenger traffic by Origin – Destination (million PAX)

Region 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17

% Change 17 vs. 16 % of total 2017 1 % CAGR 99-17

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 9.7 10.7 12.1 13.3

14 14.8 .8

10.7 47.5 6.2

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 6.8 7.6 8.8 9.4

10 10.1 .1

6.8 32.5 5.1

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 1.7 1.7 1.7 1.8

1.9 1.9

8.4 6.2 5.9

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 1.8 1.9 2.0 2.1

2.2 2.2

8.3 7.2 11.9

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 1.1 1.3 1.6 1.8

2.1 .1

14.1 6.6 7.9

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 0.0

0.0 0.0

NA 0.0 NA

ASU ASUR

10 10.6 11 11.4 11 11.3 10 10.9 12 12.2 13 13.9 13 13.4 13 13.6 16 16.1 17 17.8 15 15.5 16 16.7 17 17.5 19 19.2 21 21.1 23 23.2 26 26.1 28 28.4 31.1 9. 9.3 100 100 6. 6.1

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 16 International

Passenger traffic during last 12- months at each specific date (million PAX)

Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

15.8 .8 M 17.4 .4 M 33.2 .2 M

EVENT RECOVERY AFTER Sep ‘01: 9/11 13 months Oct ‘05: H. Wilma 16 months May ‘09: H1N1 26 months Type of PAX Historical Max. (%) Dec 18 vs. Hist. Max Domestic Dec’18

0.0%

International

Dec’18

0.0%

TOTAL Dec’18

0.0%

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 17 International

2018 Industry Estimates:

404 404 availa lable air airpla lanes

34

11%

jun-08 dic-17

New Airplanes

• Var. %

INTERJET 11 78 67

609%

VOLARIS 17 69 52

306%

AEROMEXICO 94 131 37

39%

VIVAAEROBUS 7 24 17

243%

AEROMAR 14 18 4

29%

MAGNICHARTERS 5 9 4

80%

TAR 11 11

100%

GLOBAL AIR 4 1 (3)

(75)%

Subtotal 152 341

189 124%

jun-08 dic-17

Lost Airplanes

MEXICANA 78 (78) ALMA 15 (15) AEROCALIFORNIA 22 (22) AVOLAR 8 (8) ALADIA 3 (3) AVIACSA 26 (26) NOVA AIR 3 (3)

Subtotal 155

(155) a) Existing Airlines b) Suspended Airlines

(200) (160) (120) (80) (40) 40 80 120 160 200 50 100 150 200 250 300 350 400 450

Lost vs. New Airplanes Available airplanes Available airplanes New airplanes - existing airlines Lost airplanes - suspended airlines

(155)

189

307 341

Jun-08 Sep-10 Dec-17 Source: www.airfleets.net www.aerotransport.org

Available Airplanes in Mexico

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 18 International

Nominal CAGR 2000 – 2017: 22.9%; (Mexican CPI CAGR 2000-2017: 4.3%)

Selected Int ASUR GAP OMA

2017 commercial revenue per PAX

• vs. peers (US$/PAX) – converted at a 2017 average

FX of PS. 18.9199/US$ for Mexican Airports

1 International average includes figures for Fraport, TAV Airports, Copenhagen Airports, Vienna

Airport, Aeroports do Paris and Zurich Airport; Note: OMA commercial revenues exclude revenues from Cargo; GAP commercial exclude revenues from Montego Bay operations; Amounts converted to US$ at a 2017 average FX of Ps.18.9199/US$ (banxico.org.mx), where applicable; Note: Commercial revenue per passenger recorded in 3Q’05 reflects a one time payment from Dufry Mexico of Ps.39.5mm; Commercial revenue recorded in 4Q’06 reflects a

• ne time payment of Ps.19.1mm from Aldeasa for a new concession contract at Terminal 3 in

Cancun International. Passenger traffic excludes transit and general aviation; Commercial revenue per passenger CAGR based on full year 2000 and full year 2017 figures

Commercial revenues per passenger per quarter evolution

(Pesos / Passenger in Mexican pesos as of date reported)

Non Regulated Revenues as % of Total Revenues

(excluding Revenues from Construction Services)

Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 19 International

Total Revenues CAGR 1999 – 2017:

13 13.7 .7%

(Not including Revenues from Construction Services)

1999 – 2017 Revenues

Figures for 2010, 2011, 2012, 2013, 2014, 2015, 2016 & 2017 reflect adoption of MIFRS-17 Note: From 1999 to 2007 figures in nominal Mexican pesos adjusted for inflation as of Dec. 31st of each year Source for Mexican CPI: Inegi; Note: CAGRs calculated in Mexican peso terms; Revenues from Construction Serv. not included; PAX figures exclude PAX in transit or general

• aviation. Otherwise stated, figures from operations in PR and Colombia are excluded.

Growth rates: ’99 – ’17 CAGR (%)

Passenger traffic

6.1%

Total revenues

13 13.7% 7%

EBITDA

15 15.6% 6%

Net income

21 21.0% 0%

Mexican CPI

4.5% EBITDA & EBITDA Margin (Ps. Mm)

CAGR ’06–’17: 15.7%

EBITDA means net income before: provision for taxes, deferred taxes, profit sharing, non-ordinary items, participation in the results of associates, comprehensive financing cost and D&A. EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance or as an alternative to cash flow as an indicator of

• liquidity. Our management believes that EBITDA provides a useful measure that is widely

used by investors and analysts to evaluate our performance and compare it with other

• companies. EBITDA is not defined under U.S. GAAP or IFRS and may be calculated

differently by different companies. 2010 - 2017 EBITDA margin calculated w/o Rev. from

• Constr. Serv. for comparability with previous periods.

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 20 International

ACI has named Cancun as the bes est t airp airport rt in in La Latin tin Americ ica for 4 consecutive years

ASUR GAP OMA ASUR GAP OMA

NOTES: 1. Revenues from Construction services are excluded for ASUR, GAP & OMA. 2. ASUR figures exclude 2017 PAX, revenues & EBITDA from its participation in San Juan Airport Operations (Puerto Rico) & Airplan (Colombia) 3. GAP figures exclude 2017 PAX, revenues & EBITDA from Montego Bay Airport Operations. 4. OMA figures exclude 2017 revenues & EBITDA from NH Hotel (Mexico City Airport), Hilton Garden Inn Hotel (Monterrey Airport) & Aero Industrial Park.

CAGR in Revenues 2006 – 2017 (%) CAGR in EBITDA 2006 – 2017 (%) Revenue per PAX in 2017 CAGR in PAX Traffic 2006 – 2017 (%)

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 21 International

Revenue and cost per PAX comparison (Nominal Pesos / PAX) 2017 operating cost breakdown (%) Growth rates: ’06 – ’17 CAGR (%)

Growth rates in Mexican peso terms; Mexican inflation growth rate calculated as the % change in CPI indexed to 2006; total costs include concession fee, technical assistance, administrative services, costs of services and D&A; PAX traffic excludes Transit and G.A. PAX.

Passenger traffic

7.7% 7.7% Cost of services 8.2% 8.2%

Revenues

13 13.5% .5% Administrative services 7.0% 7.0%

EBITDA

15 15.7% .7% Total costs 7.8% 7.8%

Net Income

21 21.6% .6% Mexican inflation (CPI) 4.2% 4.2%

Mexican GDP growth

2.1% 2.1%

NOTE: Total Revenue per passenger does not include revenues from construction services. Controllable expenses per passenger exclude: D&A, Concession Fee, Technical Assistance and Cost of Sales from Direct Commercial Operation. 3Q’10: Does not reflect the Ps.128.0 million increase in the reserve for doubtful accounts resulting from the bankruptcy announced by Grupo Mexicana de Aviación Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded. 2017 OPEX does not include US$240.0 million impairment in long-term assets as a result of the impact of Hurricane Maria, in Puerto Rico, as well as the recognition of Ps.98.8 million in amortization of the intangible asset resulting from the valuation of the investment in Aerostar

Revenues have grown at a faster rate than total costs and PAX traffic

Net income Retained earnings Dividends paid

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 22 International

EBITDA – CAPEX (Ps. million) Net Income, retained earnings and dividends evolution (Ps. thousands) 1

Note: Retained Earnings for the years 2010, 2011 2012, 2013, 2014, 2015, 2016 & 2017 reflect the adoption of IFRS. 1 Note: Figures in nominal Mexican pesos for the respective year; for illustrative purposes, dividend in each year in the chart above relates to the dividend paid in nominal pesos in the year thereafter, i.e. dividend shown in year (x) in the chart above is actually the dividend paid in year (x+1) according to ASUR financial statements; 2 Note: 4.00 pesos per share paid in May 2013; 4.40 pesos per share paid in December 2013. 3 Note: 6.78 pesos per share approved by the Annual General Shareholders Meeting on April 26th, 2018 and paid on June 18th, 2018. Otherwise stated, figures from operations in Puerto Rico and Colombia are excluded.

Dividends evolution 1999 - 2017

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 23 International

Five out of nine board members are independent 1

High Corporate Governance Standards

Board of Directors Audit Committee Operations Committee Nominations & Compensations Committee Acquisitions & Contracts Committee

Fernando Chico Pardo

Founder and President of Promecap

X X X X

José Antonio Pérez Antón

CEO of Grupo ADO

X X X

Roberto Servitje Sendra1

Former Chairman of Grupo Bimbo

X X

Ricardo Guajardo Touche1

Former president of BBVA Bancomer

X X X

Francisco Garza Zambrano1

Former President of CEMEX North America

X X

Guillermo Ortiz Martinez1

Former Governor of Mexico Central Bank for 12 yrs.

X X

Rasmus Christiansen 1

Former CEO of Copenhagen Airports International

X X X

Luis Chico Pardo

Former economist at the Bank of Mexico

X

Aurelio Pérez Alonso

Deputy Chief Executive Officer of Grupo ADO

X X

• Sarbanes-Oxley compliant
• Four committees led by board members
• Audit committee comprised of 3 independent members of the board of directors

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 24 International

Short & Long Term Objectives

• Further develop our commercial business
• Improve our passenger volumes
• World Class service – ASQ Program
• Improve capital structure
• Monitor new business opportunities

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 25 International

Puerto Rico & Colombia

ASUR, 100.00% ASUR, 60% PSP Investments, 40%

Airports:

• SJU: Luis Muñoz Marin (SAN JUAN)

Airports:

• MDE: José María Córdova (RIONEGRO)
• EOH: Olaya Herrera (MEDELLÍN)
• MTR: Los Garzones (MONTERÍA)
• UIB: El Caraño (QUIBDÓ)
• APO: Antonio Roldan B. (CAREPA)
• CZU: Las Brujas (COROZAL)

Country:

Puerto Rico (US)

Start of Operations: Feb 27th, 2013 Ownership: Country:

Colombia

Start of Operations: Oct 19th, 2017 Ownership:

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 26 International

• Luis Munoz Marin International Airport (SJU), in San Juan Puerto Rico (8.4M PAX

during 2017) is the largest and busiest airport in the Caribbean.

• Feb 27th, 2013 initiated with the operation of the airport:

Term of 40 years Upfront payment of $615M USD Airlines serving LMM will collectively make aggregate payments of $62M USD/yr for the first five years; years 6-40 the payment will be increased annually by the U.S. CPI Revenue-sharing payments to PRPA: fixed at $2.5M USD first five years; 5% of gross airport revenues (years 6-30); 10% of gross airport revenues (years 31-40) Minimal Capital Improvement projects: $34M USD Consolidation: Equity method up to may 2017

• May 26th, 2017: ASUR increases its participation to 60%.
• Jun 1st, 2017: ASUR begins consolidating its operations in Aerostar line by line.

5 years of successful

• peration in

San Juan, Puerto Rico

feb.-13, 8.5 dic.-16, 9.0 ago.-17, 9.2 dic.-17, 8.4 dic.-18, 8.4

6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0

dic.-12 feb.-13 abr.-13 jun.-13 ago.-13

• ct.-13

dic.-13 feb.-14 abr.-14 jun.-14 ago.-14

• ct.-14

dic.-14 feb.-15 abr.-15 jun.-15 ago.-15

• ct.-15

dic.-15 feb.-16 abr.-16 jun.-16 ago.-16

• ct.-16

dic.-16 feb.-17 abr.-17 jun.-17 ago.-17

• ct.-17

dic.-17 feb.-18 abr.-18 jun.-18 ago.-18

• ct.-18

dic.-18

Million PAX

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 27 International

• SJU accounts for over 93% of Puerto Rican passenger traffic
• Approximately 83% of enplanements are origin and destination (“O&D”)
• SJU is served by a strong and diverse group of 35 airlines
• Aerostar works closely with the airlines and the Puerto Rico Tourism Company in

the development of new routes and expansion of services to existing destinations

• September 21, 2017: Hurricane Maria hits Puerto Rico.

Total Passenger Traffic 2018:

8.4 8.4M

The decline in passenger traffic at San Juan Airport reflects the impact of Hurricane Maria, which hit the island on September 21, 2017. Passenger figures include transit and general aviation passengers.

Summary of Passenger Traffic PAX traffic during last 12-months (at each specific date)

Source of PAX Figures from Feb 13: ASUR filings

In May 2017, ASUR increased its share ownership in Aerostar to 60% from its prior 50% ownership. Accordingly, consolidated results as presented above reflect line by line consolidation of Aerostar results starting in June 1, 2017, while prior to that, Aerostar’s results were accounted for by the equity method. Figures presented in the table above compare the stand-alone results of Aerostar for the nine-month period ended September 30, 2018 (in which Aerostar was consolidated with ASUR) against the nine-month period ended September 30, 2017 (in which Aerostar was only consolidated with ASUR for the month of June).

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 28 International

Aerostar Total Revenues for 9M’18:

$2 $2,1 ,166,832

(thousands of Mexican pesos, excluding Construction Revenues)

AEROSTAR: Main Financial Data

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 29 International

Aerostar Commercial Revenues per Passenger for 9M’18:

$11 111.4

(Mexican pesos per passenger)

AEROSTAR: Commercial Revenues

In May 2017, ASUR increased its share ownership in Aerostar to 60% from its prior 50% ownership. Accordingly, consolidated results as presented above reflect line by line consolidation of Aerostar results starting in June 1, 2017, while prior to that, Aerostar’s results were accounted for by the equity method. Figures presented in the table above compare the stand-alone results of Aerostar for the nine-month period ended September 30, 2018 (in which Aerostar was consolidated with ASUR) against the nine-month period ended September 30, 2017 (in which Aerostar was only consolidated with ASUR for the month of June).

• Consistent growth in commercial revenues from an increased number of

concessions, optimized passenger flow and improved product offerings.

• Around $170M USD invested in modernizing terminal offerings through

new concession concepts, self-operating Convenience Stores, and updated parking and car rental facilities

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 30 International

• This acquisition is an important strategic addition that allows ASUR to enter the

South American market by offering airport services through six airports in Colombia:

• RIONEGRO - Jose Maria Cordoba
• MEDELLÍN - Olaya Herrera
• MONTERIA - Los Garzones
• QUIBDÓ - El Caraño
• CAREPA - Antonio Roldan B.
• COROZAL - Las Brujas
• Oct 19th, 2017: ASUR begins consolidating its operations in Airplan line by line.
• May 25, 2018: ASUR acquires the remaining 7.58% of Airplan bringing its
• wnership stake in the company to 100%.

Oct 19, 2017: ASUR begins the operation

• f Airplan

dic.-16, 10.1 ago.-17, 10.5 dic.-17, 10.0 dic.-18, 10.6

6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0

dic.-12 feb.-13 abr.-13 jun.-13 ago.-13

• ct.-13

dic.-13 feb.-14 abr.-14 jun.-14 ago.-14

• ct.-14

dic.-14 feb.-15 abr.-15 jun.-15 ago.-15

• ct.-15

dic.-15 feb.-16 abr.-16 jun.-16 ago.-16

• ct.-16

dic.-16 feb.-17 abr.-17 jun.-17 ago.-17

• ct.-17

dic.-17 feb.-18 abr.-18 jun.-18 ago.-18

• ct.-18

dic.-18

Million PAX

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 31 International

• Traffic at Airplan airports accounts for 15.6% of passenger traffic in Colombia (as
• f Dec 2017)
• Airplan is the second-largest airport concession holder in Colombia, with 10.6

million passengers in 2018

• September 20, 2017: Strike of local pilots at a major international carrier

Total Passenger Traffic 2018:

10 10.6 .6M

Passenger figures excl clud ude transit and general aviation passengers, as reported by ASUR.

Summary of Passenger Traffic PAX traffic during last 12-months (at each specific date)

Source of PAX Figures from Oct 17: ASUR filings

Financial Information Commercial Revenues Operational Information Regulation Company Overview Strategic Matters Page 32 International

Airplan Total Revenues for 9M’18:

$1 $1,2 ,224,105

(thousands of Mexican pesos, excluding Construction Revenues)

AIRPLAN: Main Financial Data

On October 19, 2017, ASUR acquired a 92.42% ownership stake in Airplan, which operates six airports in Colombia. Therefore, ASUR began to consolidate Airplan’s results on a line by line basis as of that date. The following discussion compares Airplan's independent results for the period Jan 1 and ended Sep 30, 2018 (in which Airplan was consolidated with ASUR) against the period starting Jan 1 and ended Sep 30, 2017 (in which Airplan was not consolidated with ASUR). On May 25, 2018 ASUR acquired 7.58% of the share ownership of Airplan bringing its ownership stake in the company to 100%. This transaction resulted in the recognition of Shareholders’ Equity in excess of the Ps.46.3 million paid for the acquisition of this additional stake in Airplan.