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季度业绩会议通话记录总结：
Financial Performance:
金融业绩：
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.
由于国内乘客流量下降（主要是墨西哥低成本航空公司因Pratt & Whitney引擎召回影响），航空营业收入减少了2.5%。然而，非航空业务收入增长了13.8%。
本季度总营业收入较去年同期小幅增长1.1%，达到MXN 2.9亿，其中建造业营业收入减少了22%。
2024年第二季度调整后的EBITDA达到MXN22亿，调整后的毛利率为73.3%。排除多余特许税的影响，调整后的EBITDA将达到MXN23亿，毛利率为76.3%。
与去年同期相比，净利润增长了1.5%。
Business Progress:
业务进展：
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个新的国际路线，其中有4个是来自蒙特雷，提高了国际连通性。主要的基础设施开发包括蒙特雷机场的扩建和改建工程，尤其是A东公共区的启用，这是一个更大的扩建项目的一部分。
OMA的货运业务取得了显著增长，增长了35%，得益于与Lufthansa Cargo的新航线以及即将在蒙特雷扩大50%的货仓容量。
酒店服务也取得了增长，运营指标和房价有所增长。
Opportunities:
机会：
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.
增加国际航线和Lufthansa Cargo运营的增加为客运和货运服务提供了重大的增长机遇。
OMA计划利用近销机会，特别是扩大仓库容量和潜在的工业园区开发。
Risks:
风险：
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引擎召回事件将继续影响交通流量，主要是国内航线，可能导致短期内航空业务收入持续下降。
特许税由于税率从5%上调至9%，而大幅增加了71%，影响了财务灵活性和运营成本。
不断增加的特许税监管负担和严格遵守最高关税形成了长期的财务挑战。
More details: Central North Airport IR
更多详情：墨西哥中北部机场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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
