Total passenger traffic in 4Q23 increased 1.1% YoY MEXICO CITY, Feb. 26, 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 results for the three- and twelve-month month periods ended December 31, 2023. 4Q23 Highlights1 Total passenger traffic increased 1.1% year-over-year. By country of operations, 4Q23 passenger traffic showed the following YoY variatio ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Grupo Aeroportuario del Sureste (ASR) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Grupo Aeroportuario del Sureste is one of 133 individual stocks in the Transportation sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individu ...

Core Insights - Grupo Aeroportuario del Sureste (ASUR) reported a total passenger traffic of 6.3 million in January 2024, reflecting a year-on-year increase of 0.5% compared to January 2023 [1][2] - Passenger traffic in Mexico increased by 2.6%, while Puerto Rico saw an increase of 8.2%. Conversely, Colombia experienced a decline of 10.1% in passenger traffic [2][3] - The growth in passenger traffic in Mexico and Puerto Rico was primarily driven by international traffic, which increased by 6.3% and 23.1% respectively, while domestic traffic showed a decrease in Mexico and an increase in Puerto Rico [2][4] Passenger Traffic Summary - In Mexico, domestic traffic decreased by 2.2% to 1,623,154 passengers, while international traffic increased by 6.3% to 2,248,581 passengers [3][4] - San Juan, Puerto Rico, reported a total of 1,113,130 passengers, marking an 8.2% increase, with domestic traffic rising by 6.7% and international traffic by 23.1% [5][6] - Colombia's total passenger traffic was 1,331,781, reflecting a 10.1% decrease, with domestic traffic down by 14.1% and international traffic up by 6.6% [2][5] Airport Operations - ASUR operates 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia, with Cancun Airport being the most significant tourist destination [6][7] - The company is also a 60% joint venture partner in Aerostar Airport Holdings, which operates Luis Muñoz Marín International Airport in San Juan, Puerto Rico [6][7]

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Juan Ponce - Bradesco BBI Guilherme Mendes - JPMorgan Fernanda Recchia - BTG Pactual Bruno Amorim - Goldman Sachs Alberto Valerio - UBS Anton Mortenkotter - GBM Stephen Trent - Citi Pablo Ricalde - Santander Pablo Monsivais - Barclays Arthur Suelotto - APO Capital Luis Lama - BlackRock Operator Go ...

Financial Data and Key Metrics Changes - Total passenger traffic growth slowed to nearly 4%, reaching a record high of 17.3 million travelers in Q2 2023 [8] - Revenues increased by 5% to MXN6 billion, driven by growth in aeronautical and non-aeronautical revenues in Mexico [11] - Consolidated EBITDA rose by 3% to MXN4.2 billion, with a decline in adjusted EBITDA margin by 140 basis points to 69% [14] Business Line Data and Key Metrics Changes - In Mexico, passenger traffic grew by 9%, with domestic travel up 17% and international traffic in low single digits [9] - Puerto Rico saw the fastest growth in passenger traffic at 15%, with domestic traffic up 12% and international traffic up 44% [10] - Colombia experienced a contraction of nearly 18% in total passenger traffic, with domestic and international passengers declining by 20% and 4%, respectively [10] Market Data and Key Metrics Changes - Mexico accounted for 74% of total revenues, while Puerto Rico and Colombia represented 16% and 10%, respectively [11] - The strong Mexican peso appreciated by 15% against the U.S. dollar and 18% against the Colombian peso, impacting revenue figures [10] Company Strategy and Development Direction - The company entered a joint business investment agreement to develop a private international airport in Bavaro, Dominican Republic, with an initial investment of $17.8 million [3] - The Bavaro International Airport is expected to serve 8 million passengers annually and is projected to begin operations in approximately three years [6][7] Management's Comments on Operating Environment and Future Outlook - Management noted a slowdown in passenger traffic growth due to the suspension of two Colombian airlines and the impact of a strong peso [8][14] - The company maintains a robust balance sheet with cash and cash equivalents over MXN14 billion, indicating a solid financial position [15] Other Important Information - Shareholders approved an ordinary cash dividend of MXN9.93 per share and an extraordinary cash dividend of MXN10 per share to be paid in November [7] - The company opened 20 new commercial spaces in Mexico, four in Puerto Rico, and 44 in Colombia over the last 12 months [12] Q&A Session Summary Question: What is the target passenger capacity for the Bavaro airport and expected income? - The project aims for an 8 million passenger capacity, but it is too early to determine the expected income as operations are three years away from commencement [17][18] Question: What are the expectations regarding the Master Development Plan (MDP) and any changes in negotiations? - No significant changes have been observed in the MDP negotiations compared to previous years, with ongoing reviews of airport projects [19][20] Question: How will the ramp-up of operations at the Dominican Republic airport occur, and what is the competition like? - The ramp-up to 8 million passengers is expected to take between five to seven years, with competition from Punta Cana International Airport [22][23] Question: What is the outlook for traffic recovery in Colombia post airline suspensions? - Recovery in Colombia is not expected to be fast, with ongoing impacts from the suspension of two airlines [22][23] Question: What is the regulatory framework for the Bavaro airport joint venture? - The regulatory framework is a dual-till system, with the government having a say in specific tariffs, differing from regulations in Mexico and Colombia [25][28] Question: Have there been any impacts on consumption at the airports due to currency fluctuations? - No significant impacts on consumption have been observed, although the strong peso has affected revenue translations [30][31] Question: What is the expected capital expenditure for the final year of the MDP? - The expected capital expenditure for the final year of the MDP is around MXN600 million [37] Question: How has international traffic from the U.S. to Cancun been performing? - There has been a small increase in U.S. traffic compared to the previous year, with most growth coming from Canada [39]

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q1 2023 Results Conference Call April 25, 2023 10:00 AM ET Company Participants Adolfo Castro - CEO Conference Call Participants Guilherme Mendes - JP Morgan Rodolfo Ramos - Bradesco BBI Alberto Valerio - UBS Juan Macedo - GBM Bruno Amorim - Goldman Sachs Philippe Nielsen - Citi Gabriel Himelfarb - Scotia Bank Francisco Suarez - Scotiabank Alan Macias - Bank of America Lucila Gomez - Compass Group Fernanda Radia - APG Mauricio Butrago - AM Adviso ...

Company Information - Grupo Aeroportuario del Sureste, S.A.B. de C.V. is a foreign private issuer under the Securities Exchange Act of 1934[1] Report Details - The report was signed by CEO Adolfo Castro Rivas on April 17, 2023[2]

Revenue Sources - In 2022, 27.2% of consolidated revenues were derived from passenger charges for international passengers, up from 21.1% in 2021 and 14.8% in 2020[812] - In 2022, 31.0% of consolidated revenues came from contracts with commercial service providers denominated in U.S. dollars, compared to 30.6% in 2021 and 25.4% in 2020[812] Currency Impact - A 5.0% depreciation of the Mexican peso against the U.S. dollar would have increased revenues by Ps.254.6 million for the year ended December 31, 2022[812] - As of December 31, 2022, 91.6% of foreign currency indebtedness was denominated in U.S. dollars, with a potential increase in long-term debt by Ps.513.46 million due to a 5.0% depreciation of the peso[813] - Cash and cash equivalents denominated in dollars were 68.56% as of December 31, 2022, up from 50.3% in 2021 and 44.7% in 2020[813] Debt Service Costs - A 1.0% increase in TIIE would have raised the cost of debt service by Ps.4.0 million in 2022[815] - A 1.0% increase in DTF would have increased the cost of debt service by Ps.0.7 million in 2022[815] ADS Program - The depositary reimbursed approximately U.S.$74.0 thousand for the ADS program in 2022, covering annual stock exchange listing fees and maintenance costs[841] - The depositary has agreed to reimburse the company for establishment and maintenance expenses related to the ADS program, including investor relations activities[842] - The depositary may terminate the deposit agreement if a new depositary bank is not appointed within 90 days after its resignation notice[836] - The depositary's obligations are limited to actions specifically set forth in the deposit agreement, and it is not liable for delays caused by circumstances beyond its control[837] - ADS holders have the right to withdraw Series B shares except under certain conditions, such as when transfer books are closed or fees are owed[840] - The depositary may require payment of taxes and proof of identity before delivering or registering transfers of ADSs[839] - After termination, the depositary will hold cash from sales of remaining deposited securities for the benefit of ADS holders who have not surrendered their ADSs[836] - The company agrees to indemnify the depositary for actions taken, except for losses caused by the depositary's negligence[838] - The depositary will not invest the money held after termination and has no liability for interest[836] - The deposit agreement allows for amendments without consent, but changes that increase fees will not take effect for 30 days after notification[835]

Call Start: 10:00 January 1, 0000 10:40 AM ET Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q4 2022 Earnings Conference Call February 24, 2023 10:00 ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Alan Macias - Bank of America Filipe Nielsen - Citigroup Javier Gayol - Santander Asset Management Gabriel Himelfarb - Scotiabank Pablo Monsivais - Barclays Julia Orsi - JPMorgan Lucia Gomez - Compass Group Regis Cardoso - Credit Suisse Francisco Suarez ...

Financial Data and Key Metrics Changes - The company reported a 50% increase in revenues to MXN5.8 billion, marking a record high for any given quarter, driven by strong performance in both aeronautical and non-aeronautical revenues [7][12] - Adjusted EBITDA reached MXN4.1 billion, up 64% from 2019 levels, reflecting solid performance across key metrics [10][12] - Net majority income increased by 42% to MXN2.5 billion, compared to MXN1.7 billion in Q3 2021 and MXN1.3 billion in Q3 2019 [12] Business Line Data and Key Metrics Changes - Commercial revenue rose by 45%, with increases of 57% in Mexico, 20% in Colombia, and nearly doubling in Puerto Rico [7] - Commercial revenues per passenger were nearly MXN117, above MXN99 reported in Q3 2019, indicating strong performance in commercial activities [7][8] Market Data and Key Metrics Changes - Total passenger traffic grew over 24% year-on-year, exceeding Q3 2019 levels by nearly 23%, reaching a record of 17 million passengers [4] - Traffic in Colombia saw a stronger recovery of 37%, with domestic travel expanding in the low 30s and international travel in the high 50s [4][5] - Traffic from Canada remained at slightly over 65% of pre-pandemic levels, but is expected to resume winter seasonal levels from November through April [5][14] Company Strategy and Development Direction - The company is focused on maintaining strong liquidity and a healthy debt profile, with cash and cash equivalents nearly MXN14 billion and a net debt to EBITDA ratio of 0.1 times [13] - Continued investment in capital expenditures (CapEx) is planned, with nearly MXN550 million invested in Q3, primarily in Mexico [12][13] - The company is optimistic about the recovery of domestic tourism and expects to see continued growth in passenger traffic [18][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of travel demand, supported by pent-up demand and new routes [4][14] - The impact of inflation on demand was acknowledged, but management believes that strong travel trends will continue [14] - The company anticipates that Canadian traffic will normalize during the winter season, which could help offset any potential declines in demand due to inflation [14] Other Important Information - The company completed the first phase of terminal four expansion at Cancun Airport and is progressing with other expansion projects [12][13] - The impact of Hurricane Fiona was noted, which resulted in increased costs and a temporary airport closure [11][40] Q&A Session Summary Question: Outlook for domestic traffic recovery - Management noted that while some airports may not recover to 2019 levels until next year, tourism traffic has been recovering well [18][19] Question: Changes in the Master Development Plan (MDP) - Management confirmed that they are working on the proposal for the MDP and will include the potential impact of Tulum airport operations starting in 2024 [20][21] Question: Long-term opportunities for commercial revenue in Colombia - Management highlighted the impact of the Colombian peso devaluation but noted strong initiatives in Colombia to increase commercial revenue [22] Question: Maximum tariff and inflation impact - Management indicated that they do not expect to reach the maximum compliance due to current inflation conditions but do not foresee an impact on the next MDP [25] Question: Cash flow generation and CapEx commitments - Management confirmed strong cash flow generation and indicated that CapEx in Puerto Rico could be higher than the current year [28] Question: Cost of servicing in Puerto Rico - Management acknowledged significant increases in costs due to energy prices and the impact of Hurricane Fiona [40] Question: Expectations on international traffic trends - Management remains positive about international traffic recovery, particularly from Canada, which is expected to return to pre-pandemic levels [37]