Passenger traffic increased year-on-year by 16.2% in Puerto Rico and 14.5% in Colombia and decreased by 5.7% in Mexico MEXICO CITY, Jan. 6, 2025 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for December 2024 reached a total of 6.7 million passengers, representing an increase of 2.3% compared to December 2023. Passenger traffic increa ...

Investors interested in Transportation - Services stocks are likely familiar with Grupo Aeroportuario del Sureste (ASR) and C.H. Robinson Worldwide (CHRW) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Sty ...

Exhibit 99.1 ASUR ANNOUNCES 3Q24 RESULTS Total Revenue and EBITDA Increased YoY by 18% and 12%, Respectively Despite 2% Decrease in Passenger Traffic Mexico City, October 22, 2024 - Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S., and Colombia, today announced results for the three-and nine-month periods ended September 30, 2024. 3Q24 Highlights · Total passenger traffic declined 2.1% year-over-year ("Yo ...

Core Viewpoint - Grupo Aeroportuario del Sureste (ASR) has demonstrated resilience compared to its peers due to its strong tourist-driven business, diverse operations, and robust non-aero revenue base, despite challenges in the broader Mexican airport sector [1][6] Financial Performance - Revenue increased by 20%, with a notable 18% growth in revenue excluding construction, aligning with expectations [2] - Aerospace revenue rose 24% year-over-year, slightly below expectations, while non-aero revenue grew 7%, exceeding expectations by approximately 3% [2] - Consolidated EBITDA increased by 18% year-over-year, with margins improving by 80 basis points to 69.2%, although it declined sequentially by 4% [2] Traffic and Capacity Challenges - Sureste's traffic faced a decline, with domestic traffic down 7% and international traffic down 2.5%, while overall traffic to Cancun decreased by about 8% [2][4] - The company has less exposure to issues with Pratt & Whitney aircraft engines, with only about 8% to 10% of its traffic at risk [4] Government Policy and Economic Factors - Sureste's recent Master Development Program with the government reduces its exposure to potential changes in government policy [4] - Economic risks persist due to the appreciation of the peso making Mexico a more expensive destination, potentially impacting traffic volumes [4] Long-term Outlook - The company is expected to achieve around 12% revenue growth over the next five years, driven by new tariffs and traffic growth to major destinations [5] - Long-term annualized growth is projected to stabilize around 9%, with EBITDA margins expected to dip to approximately 57% [5] - Valuation approaches indicate that Sureste shares are undervalued, with a potential upside of about 30% based on discounted cash flow and multiples-based valuation [5][6]

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q2 2024 Results Conference Call July 24, 2024 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Rodolfo Ramos - Bradesco BBI Guilherme Mendes - JPMorgan Jens Spiess - Morgan Stanley Investment Jay Singh - Citibank Pablo Monsivais - Barclays Alberto Valerio - UBS Anton Mortenkotter - GBM Operator Good day, ladies and gentlemen, and welcome to ASUR's Second Quarter 2024 Results Conference Call. My ...

Financial Data and Key Metrics Changes - Total revenues increased nearly 18% year-on-year to MXN7 billion in Q2 2024, with Colombia showing top line growth in the 30s [8][9] - Consolidated EBITDA rose 18% year-on-year to MXN5 billion, with an adjusted EBITDA margin remaining relatively unchanged at 69% [11][12] - Net majority income surged 50% year-on-year to MXN3.7 billion, benefiting from a foreign exchange gain of nearly MXN950 million [13][14] Business Line Data and Key Metrics Changes - Aeronautical services revenue in Mexico grew in the high 20s, while non-aeronautical revenues increased low single digits [9] - Commercial revenues increased 7%, with significant growth in Colombia at 40% and record high commercial revenues per passenger in Mexico at MXN154.5 [10][12] - Cost and expenses rose nearly 30% year-on-year, with total costs up 16%, slightly below revenue growth [11] Market Data and Key Metrics Changes - Passenger traffic was up 3% year-on-year to nearly 18 million, with Colombia experiencing a 21% increase, while traffic in Mexico declined close to 5% [6][7] - International traffic saw declines from all regions except Canada, with domestic traffic impacted by Pratt & Whitney engine issues and capacity reductions at Mexico City Airport [8] Company Strategy and Development Direction - The company is focused on expanding its commercial offerings, having opened 45 new commercial spaces over the past 12 months [10] - Key projects include expansions at Cancun Airport and Riohacha Airport, with ongoing project planning and bidding processes [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from Pratt & Whitney engine issues and reduced capacity at Mexico City Airport, which are expected to continue affecting traffic [14] - The company anticipates normalization in Puerto Rico traffic and a recovery in Colombia towards the end of the year [20][28] Other Important Information - The company maintains a healthy financial position with cash and cash equivalents of nearly MXN15 billion after dividend payments totaling MXN6.3 billion [12] - The company is in the final stages of establishing a strategic alliance with a non-governmental organization to prevent human trafficking [5] Q&A Session Summary Question: Update on Pratt & Whitney recall and its impact on traffic - Management expects the affected planes to return to production by the end of September, with stabilization anticipated by Q1 next year [16] Question: Insights on commercial revenues and future openings - Management noted strong performance in parking and car rental, with expectations for continued growth in commercial revenues [20] Question: Realized tariff and concerns about peso depreciation - Management confirmed a realized tariff of MXN326, representing around 95% of the maximum tariff, and indicated that peso depreciation could help achieve tariff objectives [22][23] Question: Traffic expectations for Cancun and U.S. market - Management expressed concerns about ongoing negative impacts on Cancun traffic due to domestic issues and potential U.S. election-related effects [34] Question: CapEx expectations and split between MDP and non-MDP - Management indicated that the MDP for the year is around MXN3.8 billion, with a slow start to spending due to project development timelines [31]

Passenger traffic increased year-on-year by 24.5% in Colombia and 11.6% in Puerto Rico, and declined 5.5% in Mexico MEXICO CITY, July 8, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for June 2024 reached a total of 6.1 million passengers, representing an increase of 3.8% compared to June 2023. Passenger traffic presented year-on- ...

MONTERREY, Mexico, June 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today that it has entered into a new derivative instrument in the form of an accelerated share repurchase transaction (“ASR”) to repurchase the Company’s American Depositary Shares (“ADSs”)1. Under the terms of this new ASR, FEMSA has agreed to repurchase up to USD $600 million of its ADSs. The total number of ADSs ultimately repurchased und ...

Passenger traffic increased year-on-year by 20.2% in Colombia, 4.3% in Puerto Rico and declined 3.0% in Mexico MEXICO CITY, June 6, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for May 2024 reached a total of 5.8 million passengers, representing an increase of 3.0% compared to May 2023. Passenger traffic presented year-on-year i ...

Passenger traffic increased year-on-year by 17.9% in Colombia and 9.4% in Puerto Rico while Mexico reported a 5.6% decrease MEXICO CITY, May 6, 2024 /PRNewswire/ -- Grupo Aeroportuario del Sureste, S.A.B. de C.V.  (NYSE: ASR; BMV: ASUR), ASUR, a leading international airport group with operations in Mexico, the U.S. and Colombia, today announced that passenger traffic for April 2024 reached a total of 5.8 million passengers, representing an increase of 1.3% compared to April 2023. Passenger traffic presente ...