The following is a summary of the Aena S.M.E., S.A. (ANYYY) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Aena reported a revenue growth of 20.1% in Q1 of 2024 reaching €1.2 billion compared to the same quarter in 2023.

• Aeronautical division grew by 21.6%, commercial division by 19.4%, and real estate division by 18.2%.

• Net profit was at €261 million, nearly double year-on-year. EBITDA stood at €581.1 million in Q1 2024, showing significant growth compared to €368.6 million in Q1 2023.

• Cash flow demonstrated strong performance with net cash generated by operating activities at €723.7 million, an increase of 43.4% compared to Q1 2023.

• The company's net debt to EBITDA ratio reduced to 1.79 times with cash and available facilities totaling €5.3 billion at the group level.

Business Progress:

• Passenger traffic in Spain experienced double-digit growth during the first quarter, with domestic traffic up by 8.7% and international by 16%.

• Commercial and real estate income grew by 19.3% with strong performance from all commercial activities.

• Brazil operations witnessed an 8.3% increase in traffic with a recovery of 105.7% of the traffic of 2019.

• The Board of Directors approved the awarding of 179 licenses at 30 airports, increasing parking sites to 19,095, which has the potential to increase car rental revenues by 23%.

• The company's Climate Action Plan update and dividend distribution of €7.66 per share were approved at a recent general shareholder meeting, with the dividend payment expected on May 7.

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