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]

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q2 2022 Earnings Conference Call July 26, 2022 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Alejandro Zamacona - Credit Suites Lucila Gomez - Compass Group Stephen Trent - Citi Rodolfo Ramos - Bradesco BBI Anton Mortenkotter - GBM Pablo Monsivais - Barclays Gabriel Himelfarb - Scotiabank Guilherme Mendes - JPMorgan Operator Good day, ladies and gentlemen, and welcome to ASUR's Second Quar ...

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q1 2022 Earnings Conference Call April 26, 2022 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Alan Macias - Bank of America Alejandro Zamacona - Credit Suisse Francisco Suárez - Scotiabank Guilherme Mendes - JPMorgan Rodolfo Ramos - Bradesco BBI Juan Macedo - GBM Gabriel Himelfarb - Scotiabank Javier Gayol - GBM Pablo Monsivais - Barclays Giovanni Bisogno - Santander Operator Good day, ladie ...

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Q4 2021 Earnings Conference Call February 25, 2022 10:00 AM ET Company Participants Adolfo Castro - Chief Executive Officer Conference Call Participants Guilherme Mendes - JPMorgan Rodolfo Ramos - Bradesco BBI Pablo Monsivais - Barclays Diego Serrano - Credit Suisse Juan Macedo - GBM. Gabriel Himelfarb - Scotiabank Operator Good day, ladies and gentlemen and welcome to ASUR's Fourth Quarter 2021 Results Conference Call. My name is April and I wil ...