I Investor Relations t R l ti November 2007 Adolfo Castro Chief Financial Officer
Company Operational Financial S trategic Contact Overview Information Information Matters Information Company Overview Company Overview ASUR is … • Company with a 50 ‐ year concession period that operates 9 airports in the southeast region of Mexico • The first listed airport group in Mexico & Americas Americas • World ‐ class company receiving technical assistance from the strategic partner. CANCÚN CANCÚN MÉRIDA MÉRIDA Historical Key Achievements VERACRUZ VERACRUZ • Passenger growth MINATITLÁN MINATITLÁN • Solid financial position (strong cash flow, p ( g , VILLAHERMOSA VILLAHERMOSA debt ‐ free) • Aggressive & successful commercial strategy COZUMEL COZUMEL • Compliance with the Investment Programme • Quality improvement in installations and • Quality improvement in installations and services – “the best and the cheapest” OAXACA OAXACA HUATULCO HUATULCO • Long ‐ term vision TAPACHULA TAPACHULA
Company Operational Financial S trategic Contact Overview Information Information Matters Information Peers: Some of the private airports / airport groups in the world Peers: Some of the private airports / airport groups in the world listed on stock exchanges Copenhagen Airports Denmark Listed on Copenhagen SE Frankfurt Airport BAA Germany Listed on Frankfurt SE UK Beijing Airport Beijing Airport Listed on London SE d d TAV Airports Hold China Vienna Airport Listed on Hong Kong SE Turkey OMA Listed on Istanbul SE Austria Guangzhou Airport Listed on Frankfurt SE Mexico GAP Ljubljana Airport China BMV, NASDAQ Mexico Slovenia Listed on Hong Kong SE BMV, NYSE Listed on Ljubljana SE Listed on Ljubljana SE Hainan Meilan China Listed on Hong Kong SE Thailand Airports Thailand Listed on Thailand SE Listed on NYSE & BMV Macquarie Airports Australia Listed on Australian SE Auckland Airport ASUR and GAP are the only Airport Groups listed on NYSE New Zealand Listed on New Zealand SE
Company Operational Financial S trategic Contact Overview Information Information Matters Information Merida International International Airport Investor friendly Corporate Governance Corporate Governance Structure in ASUR Company Shareholders • 80% free float Board of Directors Majority of Independent Board Members Majority of Independent Board Members • Nominations & Audit Compensations Committee • Four committees mainly led by Board Members Committee Acquisitions Operations and Contracts and Contracts • Compliance with Sarbanes ‐ Oxley requirements C li i h S b O l i Committee Committee Executive Management
Company Operational Financial S trategic Contact Overview Information Information Matters Information Passenger growth Passenger growth Historical passenger growth ... Total Passenger Traffic ‐ (million PAX) l ffi 16.0 14.0 For the period Domestic Domestic International International 1990 – 2006 the 12.0 passenger traffic Compounded Annual 10.0 ons) Growth Rate was 5.6%: Growth Rate was 5.6%: PAX (millio 8.0 7.4% ‐ international traffic 6.0 4.3% ‐ domestic traffic 4.0 2.0 0.0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 % of change YOY (4.1) 7.7 (1.8) (2.2) 10.9 14.0 5.6
Company Operational Financial S trategic Contact Overview Information Information Matters Information Passenger traffic recovery after Wilma Passenger traffic recovery after Wilma Last 12 months passenger traffic: • After Hurricane Wilma: 12.5 million. • February 2006 it was 14.5 million (100% of the highest level 14.5 million) F b 2006 i 14 5 illi (100% f h hi h l l 14 5 illi ) 17.0 52 48 48 16.0 16 0 Last 12 months passengers 44 ADS closing price of the month ADS clos 40 15.0 gers 36 sing price in U Million Passen 32 14.0 28 24 13.0 USD M 20 16 12.0 12 11 0 11.0 8 8 Sep ‐ 00 Nov ‐ 00 Ene ‐ 01 Mar ‐ 01 May ‐ 01 Jul ‐ 01 Sep ‐ 01 Nov ‐ 01 Ene ‐ 02 Mar ‐ 02 May ‐ 02 Jul ‐ 02 Sep ‐ 02 Nov ‐ 02 Ene ‐ 03 Mar ‐ 03 May ‐ 03 Jul ‐ 03 Sep ‐ 03 Nov ‐ 03 Ene ‐ 04 Mar ‐ 04 May ‐ 04 Jul ‐ 04 Sep ‐ 04 Nov ‐ 04 Ene ‐ 05 Mar ‐ 05 May ‐ 05 Jul ‐ 05 Sep ‐ 05 Nov ‐ 05 Ene ‐ 06 Mar ‐ 06 May ‐ 06 Jul ‐ 06 Sep ‐ 06 Nov ‐ 06 Ene ‐ 07 Mar ‐ 07 May ‐ 07 Jul ‐ 07 Note: Passengers excluding transit and general aviation
Company Operational Financial S trategic Contact Overview Information Information Matters Information 49 New Routes during 2007 21 new DOMESTIC routes 28 new INTERNATIONAL routes YYC YYC YQM YQM YSB YHZ YUL BOS YXU JFK RFD EWR DEN CVG LGW MTY BRU BRU MEM BSL BCN TAM SAT MCO CUN LIS PAZ CZM MID MIA GDL MEX VER CME CTM MTT TLC TLC PBC PBC CUN VSA OAX CZM MID TGZ HUX HUX
Company Operational Financial S trategic Contact Overview Information Information Matters Information Passenger mix: Passenger mix: North America represents 88.2% of ASUR’s passenger traffic … Passenger traffic by Origin – Destination ‐ (million PAX) % change g % of CAGR Region R i 99 99 00 00 01 01 02 02 03 03 04 04 05 05 06 06 '06 vs '05 total '06 '99 ‐ '06 Mexico 5.0 5.0 4.9 4.8 5.3 5.6 5.5 5.9 8.2 43.4 2.4 USA 4.1 4.6 4.5 4.4 4.9 5.9 5.6 5.3 (5.0) 38.7 3.7 Europe 0.7 0.9 0.9 0.8 1.0 1.3 1.2 1.3 11.2 9.6 10.3 Canada 0.3 0.4 0.5 0.6 0.7 0.8 0.8 0.8 9.7 6.1 16.2 Latin America L i A i 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 (8.7) 1.9 (9.6) (ex. Mexico) Asia and Others 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 162.3 0.4 14.8 TOTAL TOTAL 10.6 10.6 11.4 11.4 11.2 11.2 11.0 11.0 12.2 12.2 13.9 13.9 13.3 13.3 13.7 13.7 2.9 2.9 100 100 3.7 3.7
Company Operational Financial S trategic Contact Overview Information Information Matters Information Passenger statistics worldwide: ACI Passenger statistics worldwide: ACI PaxFlash Summary JULY 2007 Note: Data in 000´ Note: Data in 000 STATS STATS MONTH % YOY YTD JULY 2007 % YOY YE JULY 2007 % YOY REGIONS TOTAL PASSENGERS AFR 5,135 18.0 33,050 14.8 55,914 12.3 ASP ASP 56 846 56,846 9.3 9 3 365 298 365,298 7 3 7.3 624 652 624,652 7 5 7.5 EUR 90,211 6.1 513,415 5.5 878,194 5.3 LAC 11,660 4.9 76,264 6.3 126,211 4.9 MEA 6,789 20.3 40,144 13.3 66,546 11.6 NAM 89,231 3.6 555,641 2.7 936,125 1.9 ACI ACI 259 872 259,872 6 4 6.4 1 583 812 1,583,812 5 3 5.3 2 687 642 2,687,642 4 9 4.9 DEFINITIONS: INTERNATIONAL (000s). TRAFFIC (PASSENGERS) PERFORMED BETWEEN THE DESIGNATED AIRPORT AND AN AIRPORT IN ANOTHER COUNTRY/TERRITORY. DOMESTIC (000s). TRAFFIC (PASSENGERS) PERFORMED BETWEEN TWO AIRPORTS LOCATED IN THE SAME COUNTRY/TERRITORY. COU / O TOTAL (000s). INTERNATIONAL + DOMESTIC PASSENGERS + DIRECT TRANSIT PASSENGERS COUNTED ONCE (when breakdown is available). TOTAL ≠ INTERNATIONAL + DOMESTIC World passenger traffic rises steadily p g ff y Passenger demand continues to increase in July 2007 with the world airports' reporting a 6 percent increase compared to July 2006. International passenger traffic rose by 7 percent while domestic traffic increased by 6 percent.
Company Operational Financial S trategic Contact Overview Information Information Matters Information Key Performance Indicators Key Performance Indicators Accumulated Annual Growth Rate 7 years (1999 2006) (1999 ‐ 2006) Passenger Traffic 3.78 % Total Revenues 8.63 % EBITDA 9.84 % Net Income 14.16 % Average EBITDA Margin 58.68 % Terminal 3 – Cancun International Airport
Company Operational Financial S trategic Contact Overview Information Information Matters Information Terminal 3 – Cancun International Airport Financial Information CONCEPT 2006 2005 DIF % Passengers (Thousand) ** 13,779.9 13,321.3 3.4 Non commercial revenues 1,697.9 1,626.9 4.4 Commercial revenues 541.0 530.5 3.9 Total revenues 2,238.9 2,147.5 4.3 C Commercial vs. total % i l t t l % 24 2 24.2 24 7 24.7 (2 0) (2.0) Commercial Revenues per pax Usd 3.56 3.53 0.9 EBITDA 1,317.5 1,283.5 2.7 EBITDA margin % 58.8 59.8 (1.6) Million pesos, as of December 31th, 2006 1 $US=Ps 10.8116 ** Excluding passengers in transit and general aviation
Company Operational Financial S trategic Contact Overview Information Information Matters Information Commercial Revenue per Passenger: Commercial Revenue per Passenger: Successful commercial strategy Commercial Revenues per passenger by quarter ‐ (USD) 5.0 4.3 4.3 4.5 9 3.9 4.0 3.4 3.4 3.4 3.3 3.3 3.2 3.2 3.5 3.1 3.1 2.9 ssenger 3.0 .2 2 5 2.5 2.1 1 USD per pas 2. 1.9 1.8 1.8 1.7 1.6 2.0 1.5 1.4 1.4 1.5 0.9 0.9 0.9 1.0 0.5 0.0 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 2006 : Affected by the lack of terminal space at picks, change in the mix of passengers and additional Commercial area at T3 security measures (liquids, gels) Cancun International Airport
Company Operational Financial S trategic Contact Overview Information Information Matters Information Investment Programme: Investment Programme: MDP 2004 – 2008 113 120 100 82 82 80 58 60 50 36 36 32 32 32 32 40 26 23 22 20 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Terminal 3 and the second runway are the most Terminal 3 and the second runway are the most important projects, both for Cancun airport Terminal 3 – Cancun International Airport
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