Earnings Call Summary | Central North Airport(OMAB.US) Q2 2024 Earnings Conference
Earnings Call Summary | Central North Airport(OMAB.US) Q2 2024 Earnings Conference
Adjusted EBITDA for Q2 2024 reached MXN2.2 billion, achieving an adjusted margin of 73.3%. Excluding surplus concession tax effects, the adjusted EBITDA would have been MXN2.3 billion with a margin of 76.3%.The following is a summary of the Grupo Aeroportuario Del Centro Norte, S.A.B. De C.V. (OMAB) Q2 2024 Earnings Call Transcript:
以下是Grupo Aeroportuario Del Centro Norte, S.A.b. De C.V. (OMAB) 2024年第2季度業績會議通話記錄總結：
Financial Performance:
金融業績：
Aeronautical revenue decreased by 2.5% due to a decline in domestic passenger traffic, which fell 4.3% largely due to the Pratt & Whitney engine recall affecting Mexican low-cost carriers. Non-aeronautical revenues, however, grew by 13.8%.
Total revenues for the quarter grew marginally by 1.1% to MXN2.9 billion, despite a decrease in construction revenues by 22%.
Adjusted EBITDA for Q2 2024 reached MXN2.2 billion, achieving an adjusted margin of 73.3%. Excluding surplus concession tax effects, the adjusted EBITDA would have been MXN2.3 billion with a margin of 76.3%.
Net income increased by 1.5% compared to the same quarter last year.
由於國內乘客流量下降（主要是墨西哥低成本航空公司因Pratt & Whitney引擎召回影響），航空營業收入減少了2.5%。然而，非航空業務收入增長了13.8%。
本季度總營業收入較去年同期小幅增長1.1%，達到MXN 2.9億，其中建造業營業收入減少了22%。
2024年第二季度調整後的EBITDA達到MXN22億，調整後的毛利率爲73.3%。排除多餘特許稅的影響，調整後的EBITDA將達到MXN23億，毛利率爲76.3%。
與去年同期相比，淨利潤增長了1.5%。
Business Progress:
業務進展：
OMA launched six new international routes in the first half of the year, four from Monterrey, enhancing international connectivity. Major infrastructure developments include the expansion and remodeling at Monterrey airport, notably the inauguration of the Terminal A East public area, as part of a broader expansion project.
OMA's cargo operations grew significantly, with a 35% increase, bolstered by a new route with Lufthansa Cargo and an upcoming 50% expansion in warehouse capacity at Monterrey.
Hotel services also saw growth with higher operational metrics and room rates.
OMA在今年的上半年推出了6個新的國際路線，其中有4個是來自蒙特雷，提高了國際連通性。主要的基礎設施開發包括蒙特雷機場的擴建和改建工程，尤其是A東公共區的啓用，這是一個更大的擴建項目的一部分。
OMA的貨運業務取得了顯著增長，增長了35%，得益於與Lufthansa Cargo的新航線以及即將在蒙特雷擴大50%的貨倉容量。
酒店服務也取得了增長，運營指標和房價有所增長。
Opportunities:
機會：
Expansion in international routes and the addition of Lufthansa Cargo's operations present significant growth opportunities in both passenger and cargo services.
OMA plans to exploit near-shoring opportunities, notably with the expansion of warehouse capacities and the potential development of industrial parks.
增加國際航線和Lufthansa Cargo運營的增加爲客運和貨運服務提供了重大的增長機遇。
OMA計劃利用近銷機會，特別是擴大倉庫容量和潛在的工業園區開發。
Risks:
風險：
The Pratt & Whitney engine recall will continue to impact traffic flows, primarily domestic routes, resulting in potentially sustained lower aeronautical revenues in the near term.
Concession tax increased dramatically by 71% due to a rate hike from 5% to 9%, impacting financial flexibility and operating costs.
The regulatory burden of increasing concession taxes and the need to comply strictly with maximum tariffs presents a prolonged financial challenge.
Pratt & Whitney引擎召回事件將繼續影響交通流量，主要是國內航線，可能導致短期內航空業務收入持續下降。
特許稅由於稅率從5%上調至9%，而大幅增加了71%，影響了財務靈活性和運營成本。
不斷增加的特許稅監管負擔和嚴格遵守最高關稅形成了長期的財務挑戰。
More details: Central North Airport IR
更多詳情：墨西哥中北部機場IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
