[Condensed Consolidated Interim Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) [Consolidated Statements of Comprehensive Income](index=4&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) For the six months ended June 30, 2023, net income decreased to $28,245 million from $43,907 million in 2022, primarily due to income tax and finance income changes, with EPS at $109.2589 Consolidated Statement of Comprehensive Income (Six Months Ended June 30) | Description | 2023 (Millions of $) | 2022 (Millions of $) | Change (%) | | :--- | :--- | :--- | :--- | | Sales income | 100,229 | 81,063 | +23.6% | | Gross profit | 42,215 | 29,434 | +43.4% | | Operating profit | 34,389 | 25,628 | +34.2% | | Income before income tax | 35,559 | 39,430 | -9.8% | | Net Income for the period | 28,245 | 43,907 | -35.7% | | Income attributable to Shareholders | 28,273 | 43,907 | -35.6% | Earnings Per Share (from continuous operations) | Period | EPS ($ per share) | | :--- | :--- | | Six months ended 06.30.2023 | 109.2589 | | Six months ended 06.30.2022 | 169.8416 | [Consolidated Statements of Financial Position](index=5&type=section&id=Consolidated%20Statements%20of%20Financial%20Position) As of June 30, 2023, total assets increased to $496,241 million, while total liabilities decreased to $255,118 million, leading to a 13.3% rise in shareholders' equity to $241,123 million Consolidated Statement of Financial Position | Description | June 30, 2023 (Millions of $) | Dec 31, 2022 (Millions of $) | Change (%) | | :--- | :--- | :--- | :--- | | Total Non-Current Assets | 435,952 | 431,075 | +1.1% | | Total Current Assets | 60,289 | 57,058 | +5.7% | | **Total Assets** | **496,241** | **488,133** | **+1.7%** | | Total Non-Current Liabilities | 208,623 | 215,247 | -3.1% | | Total Current Liabilities | 46,495 | 60,077 | -22.6% | | **Total Liabilities** | **255,118** | **275,324** | **-7.3%** | | **Total Shareholders' Equity** | **241,123** | **212,809** | **+13.3%** | [Consolidated Statements of Changes in Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Equity) Shareholders' equity increased from $212,809 million to $241,123 million by June 30, 2023, primarily driven by net income of $28,245 million and reallocation of retained earnings Changes in Equity (Six Months Ended June 30, 2023) | Description | Amount (Millions of $) | | :--- | :--- | | Balance at Jan 1, 2023 | 212,809 | | Constitution of reserves | 0 | | Compensation plan | 69 | | Net Income for the period | 28,245 | | **Balance at June 30, 2023** | **241,123** | [Consolidated Statements of Cash Flow](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flow) Operating activities generated $11,800 million in cash, while investing and financing activities used $4,354 million and $12,450 million respectively, resulting in a net cash decrease of $5,004 million and an ending balance of $39,402 million Consolidated Statement of Cash Flows (Six Months Ended June 30) | Description | 2023 (Millions of $) | 2022 (Millions of $) | | :--- | :--- | :--- | | Net cash Flow generated by operating activities | 11,800 | 7,245 | | Net Cash Flow applied to investing activities | (4,354) | (11,714) | | Net Cash Flow applied to financing activities | (12,450) | (1,339) | | **Net decrease in cash and cash equivalents** | **(5,004)** | **(5,808)** | | Cash and cash equivalents at the beginning | 39,077 | 48,391 | | **Cash and cash equivalents at the end** | **39,402** | **43,450** | [Notes to the Condensed Consolidated Interim Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) This section provides detailed explanations of accounting policies, airport concession activities, IFRS and hyperinflationary accounting, revenue and cost breakdowns, financial debt, related party transactions, capital structure, and subsequent events [NOTE 1 – COMPANY ACTIVITIES](index=10&type=section&id=NOTE%201%20%E2%80%93%20COMPANY%20ACTIVITIES) The company operates 35 airports in Argentina under a concession agreement extended to February 13, 2038, with financial projections pending international passenger traffic recovery to 2019 levels - The company operates **35 airports** in Argentina under a concession agreement[24](index=24&type=chunk)[48](index=48&type=chunk) - The concession agreement was extended by **10 years**, with the new completion date being **February 13, 2038**[25](index=25&type=chunk)[26](index=26&type=chunk) - A review of the financial projections for 2019-2023 is pending, contingent on the recovery of international passenger traffic to pre-pandemic levels[28](index=28&type=chunk) [NOTE 3 – ACCOUNTING POLICIES](index=12&type=section&id=NOTE%203%20%E2%80%93%20ACCOUNTING%20POLICIES) Financial statements adhere to IAS 34 and IAS 29 for hyperinflationary economies, with Argentina's cumulative three-year inflation exceeding 100%, and a 53% six-month inflation rate as of June 30, 2023 - The company applies IAS 29 for financial reporting in hyperinflationary economies, as Argentina's cumulative three-year inflation rate exceeds **100%**[67](index=67&type=chunk)[81](index=81&type=chunk) - As of June 30, 2023, the inflation for the six-month period was **53%** and the year-on-year inflation was **118%**[84](index=84&type=chunk) - The company is managed as a single business segment, considering all airports as a whole, due to the 'cross-subsidies' basis of the concession[77](index=77&type=chunk)[39](index=39&type=chunk) [NOTE 4 - SALES INCOME](index=17&type=section&id=NOTE%204%20-%20SALES%20INCOME) Total sales income increased to $100,229 million for the six months ended June 30, 2023, driven by significant growth in aeronautical income to $54,779 million and a smaller rise in non-aeronautical income Sales Income Breakdown (Six Months Ended June 30) | Income Type | 2023 (Millions of $) | 2022 (Millions of $) | Change (%) | | :--- | :--- | :--- | :--- | | Aeronautical income | 54,779 | 39,955 | +37.1% | | Non-aeronautical income | 45,450 | 41,108 | +10.6% | | **Total Sales Income** | **100,229** | **81,063** | **+23.6%** | [NOTE 8 - FINANCIAL DEBTS](index=20&type=section&id=NOTE%208%20-%20FINANCIAL%20DEBTS) Total financial debt decreased to $178,643 million as of June 30, 2023, primarily comprising Negotiable Obligations and bank borrowings, with a fair value of $180,616 million Breakdown of Financial Debt | Debt Category | June 30, 2023 (Millions of $) | Dec 31, 2022 (Millions of $) | | :--- | :--- | :--- | | Non-current Financial Debts | 162,396 | 175,894 | | Current Financial Debts | 16,247 | 18,454 | | **Total Financial Debts** | **178,643** | **194,348** | - The majority of the debt consists of Negotiable Obligations, primarily denominated in U.S. Dollars[129](index=129&type=chunk)[110](index=110&type=chunk) - The fair value of the financial debt as of June 30, 2023, was **$180,616 million**, classified as Level 2 in the fair value hierarchy[215](index=215&type=chunk) [NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES](index=26&type=section&id=NOTE%2010%20-%20BALANCES%20AND%20TRANSACTIONS%20WITH%20RELATED%20PARTIES) The company conducts significant related party transactions for services, with Corporación América S.A. as the direct controlling entity and the Southern Cone Foundation as the ultimate beneficiary - Corporación América S.A. is the direct controlling entity, owning **45.90%** of the company's common shares[144](index=144&type=chunk) - The ultimate beneficiary is the Southern Cone Foundation, whose potential beneficiaries include the Eurnekian family and various institutions[159](index=159&type=chunk) - As of June 30, 2023, the company granted a loan of **US$14.5 million** to a related party, Compañía General de Combustibles S.A[7](index=7&type=chunk) [NOTE 14 - CAPITAL STOCK](index=32&type=section&id=NOTE%2014%20-%20CAPITAL%20STOCK) As of June 30, 2023, capital stock is **$258,517,299** comprising 258,517,299 common shares, following a March 2022 capital reduction from preferred share redemption - The capital stock consists of **258,517,299 common shares** with a par value of **$1** each[188](index=188&type=chunk)[163](index=163&type=chunk) - On March 10, 2022, the company redeemed all outstanding preferred shares, resulting in a capital reduction from **$1,169.5 million** to **$258.5 million**[150](index=150&type=chunk)[190](index=190&type=chunk) [NOTE 19 - EVENTS SUBSEQUENT TO THE END OF THE YEAR](index=35&type=section&id=NOTE%2019%20-%20EVENTS%20SUBSEQUENT%20TO%20THE%20END%20OF%20THE%20YEAR) Subsequent events include the July 2023 issuance of **US$25 million** Class X Negotiable Obligations and the Argentine government's introduction of a 'PAIS Tax' on foreign currency purchases for imports, currently under impact analysis - On July 5, 2023, the company issued Class X Negotiable Obligations for **US$25 million**, maturing in 2025[198](index=198&type=chunk) - On July 24, 2023, the Argentine government introduced a 'PAIS Tax' on foreign currency purchases for imports, with rates of **7.5%** or **25%** depending on the item. The company is assessing the impact[173](index=173&type=chunk) [Summary of Information requested by Resolution No. 368/01 of the National Securities Commission](index=36&type=section&id=Summary%20of%20Information%20requested%20by%20Resolution%20No.%20368%2F01%20of%20the%20National%20Securities%20Commission) This section provides a management overview of performance, financial structure, and operational statistics, noting seasonal air traffic, strong passenger recovery in H1 2023, and expected continued growth with ongoing infrastructure investments - The company's revenues are highly seasonal, with traffic being higher during summer (Dec-Feb) and winter (Jul-Aug) holiday periods[179](index=179&type=chunk) Passenger Traffic (Thousands) | Period (Six months ended June 30) | 2023 | 2022 | 2019 | | :--- | :--- | :--- | :--- | | Overall total | 19,817 | 14,275 | 20,531 | | YoY Variation | 38.8% | 231.4% (vs 2021) | N/A | - For 2023, management expects continued recovery in international passenger volume and sustained growth in the domestic segment, alongside ongoing execution of investment programs to modernize airport infrastructure[280](index=280&type=chunk)[300](index=300&type=chunk) [Review Report of the Condensed Consolidated Interim Financial Statements](index=45&type=section&id=Review%20Report%20of%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) The independent auditor, Price Waterhouse & Co. S.R.L., concluded that the condensed consolidated interim financial statements for June 30, 2023, were prepared in all material respects according to IAS 34 - The auditor's review concluded that the financial statements are prepared, in all material respects, in accordance with International Accounting Standard 34 'Interim Financial Reporting'[239](index=239&type=chunk) - The review was conducted in accordance with the International Standard for Review Engagements NIER 2410, which is narrower in scope than a full audit[247](index=247&type=chunk) [Report of the Supervisory Committee](index=47&type=section&id=Report%20of%20the%20Supervisory%20Committee) The Supervisory Committee reviewed the condensed consolidated interim financial statements as of June 30, 2023, confirming their adherence to legal regulations and making no further observations - The Supervisory Committee performed its legal supervision duties and had no observations to make regarding the financial statements[252](index=252&type=chunk) - The committee confirmed that the financial statements arise from accounting records kept in accordance with legal regulations, with the exception that they are pending transcription into the 'Inventories and Balance Sheets' book[288](index=288&type=chunk)

Financial Data and Key Metrics Changes - The company reported a record high adjusted EBITDA of $140.6 million, which is 20% above the first quarter of 2019, with an EBITDA margin of 40.2%, up 150 basis points from the same quarter in 2019 [8][18] - Total revenues, excluding IFRIC12, grew 43% year-on-year and surpassed pre-pandemic levels by 16% [36] - The net leverage ratio improved to 2.1x from 2.4x at the end of 2022, reflecting stable net debt and strong adjusted EBITDA growth [9][19] Business Line Data and Key Metrics Changes - Aeronautical revenues increased by 56% year-on-year, reaching pre-pandemic levels for the first time, driven by strong traffic growth in Argentina and double-digit increases in Armenia [15] - Commercial revenues, a key driver for top-line growth, were up 29% year-on-year and 40% above pre-pandemic levels, benefiting from duty-free and parking revenues in Argentina [37] - Revenue per passenger increased by 29% from $14.6 in the first quarter of 2019 to $18.8 this quarter [16] Market Data and Key Metrics Changes - Passenger traffic in Armenia was up 81% compared to the first quarter of 2019, exceeding pre-pandemic levels for four consecutive quarters [11] - In Argentina, passenger traffic reached nearly 93% of pre-pandemic levels, with domestic travel above 2019 levels by 7% [12] - Traffic in Italy reached 91% of 2019 levels, improving to 98% in April, while Brazil's traffic reached 86% of pre-pandemic levels during the quarter [13] Company Strategy and Development Direction - The company is focused on expanding its airport network, with ongoing negotiations for new concession agreements in Nigeria and analyzing additional airport concession investments [23] - The new departure terminal at Ezeiza Airport in Argentina is a significant milestone, enhancing passenger experience and operational efficiency, powered 100% by renewable energy [2][43] - The company is committed to sustainability and is in discussions for a new CapEx plan in Armenia to increase capacity [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sustained recovery in travel demand, with passenger traffic already at 95% of pre-pandemic levels in April [10][45] - The company remains cautious about the challenging macro environment but is encouraged by strong global travel demand and a solid financial position [24] - Management believes that inflation and currency devaluation in Argentina will converge over time, mitigating long-term concerns [60] Other Important Information - Total costs and expenses, excluding IFRIC12, increased by 11% compared to 2019, primarily due to higher fuel costs in Armenia and increased salaries in Argentina [17] - The company ended the quarter with a total liquidity position of $455 million, with positive cash flow from operations in all geographies except Italy [40] Q&A Session Summary Question: What measures is the company taking regarding high inflation and potential currency devaluation in Argentina? - Management noted that over 85% of revenue is linked to dollars, and they expect inflation and devaluation to converge over time, indicating no significant long-term concerns [60] Question: Can you discuss the new terminal at Ezeiza and its impact on international flight connectivity? - Management highlighted a steady growth in international connection flights since the lifting of pandemic restrictions, with positive trends in both Ezeiza and Aeropark airports [54] Question: What is the long-term CapEx outlook? - Management indicated a mandatory CapEx of $50 million per year for the next four years in Argentina, with additional CapEx dependent on economic conditions [50]

Financial Performance - Adjusted EBITDA reached a record of $141 million, exceeding 1Q19 levels by 20%[10] - Consolidated Adjusted EBITDA exceeded pre-pandemic levels across all geographies[6] - Revenue per passenger increased significantly to $18.8 in 1Q23 compared to $14.6 in 1Q19[18] - Net debt to Adjusted EBITDA ratio stood at 2.1x in March 2023, indicating a healthy financial position[10] Revenue Growth - Total revenues ex-IFRIC increased by 43% year-over-year and 16% compared to 1Q19[18] - Aeronautical revenues increased by 56% year-over-year, reaching 1Q19 levels[18] - Commercial revenues increased by 29% year-over-year and 40% compared to 1Q19, driven by fuel-related revenues in Armenia and cargo, duty-free, and parking revenues in Argentina[18] - Total cargo revenues increased by 31.9% compared to 1Q19[16] Traffic and Operations - Passenger traffic reached 90% of pre-pandemic levels (1Q19)[10] - Cargo volume reached 81% of pre-pandemic levels[30] - Total debt stood at $1.5 billion, with net debt at $1.1 billion as of March 31, 2023[44]

v UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report ______________ Commission File Number 001-38 ...

Corporación América Airports S.A. (NYSE:CAAP) Q4 2022 Earnings Conference Call March 22, 2023 10:00 AM ET Company Participants Patricio Esnaola - Head of Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Stephen Trent - Citi Operator Good morning, and welcome to the Corporación América Airports' Fourth Quarter 2022 Earnings Conference Call. A slide presentation accompanies today's webcast, and is available in the Investors secti ...

Fourth Earnings Call Presentation Disclaimer and Forward-Looking Statement 02 Revenues ex-IFRIC +11%andComparable Adj. EBITDA +27% above 4Q191, with Passenger Traffic at 88% Revenues ExIFRIC12 Net Debt 18.3 M 92 K $327 M $123 M | --- | --- | --- | --- | --- | |-------|--------------------------|-------|-------------------------|-------| | | | | | | | | | | | | | - | +38% vs '21, 12% vs '19 | | +1% vs '21, 19% vs '19 | | 37.4% ExIFRIC12 margin 65.6 M 343 K $1.2 B $457 M $1.1 B +96% vs '21, +1.7% vs '19 | --- ...

AEROPUERTOS ARGENTINA 2000 S.A. PRESIDENT´S LETTER Having overcome the context of the pandemic at a global and local level, and after most of the restrictions and requirements for international traffic in the country had been lifted at the end of 2021, passenger traffic during 2022 has experienced a great level of recovery. Domestic traffic already operates at levels similar to pre-pandemic, while the international segment continues on the recovery path. We expect the recovery of the level of activity to co ...

Corporación América Airports S.A. (NYSE:CAAP) Q3 2022 Results Conference Call November 18, 2022 10:00 AM ET Company Participants Patricio Esnaola - Head of Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Alejandro Demichelis - Nau Securities Operator Good morning. And welcome to the Corporación América Airports' Third Quarter 2022 Earnings Conference Call. A slide presentation accompanies today's webcast and is available in th ...

Aeropuertos Argentina 2000 S.A. Condensed Consolidated Interim Financial Statements At September 30, 2022 presented in comparative format Exhibit 99.1 Aeropuertos Argentina 2000 S.A. Condensed Consolidated Interim Financial Statements At September 30, 2022 presented in comparative format Index Consolidated Statements of Comprehensive Income Consolidated Statements of Financial Position Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to the Condensed Consolidated Inte ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased to $111 million, up from $9 million in the same quarter last year, reflecting a strong recovery trend in passenger traffic [5][15] - Adjusted EBITDA margin ex-IFRIC recovered to 36.2%, significantly up from mid-single-digit margin in the second quarter of last year [6] - Total operating costs and expenses ex-IFRIC12 increased by 57% year-on-year, but this was significantly below the 149% revenue growth [14] Business Line Data and Key Metrics Changes - Aeronautical revenues more than tripled year-on-year, reaching 81% of pre-pandemic figures, with Armenia showing a 10% increase from second quarter 2019 levels [13] - Commercial revenues were up 99% year-on-year, surpassing second quarter 2019 by 20%, driven by higher cargo and fueling services [13] - Cargo operations reached close to 84% of second quarter 2019 volumes, with Italy and Uruguay exceeding pre-pandemic levels [12] Market Data and Key Metrics Changes - Total passenger traffic reached 15.1 million, or 76% of second quarter 2019 levels, with July traffic nearly at 80% of pre-pandemic levels [7] - Traffic in Italy increased by more than five times year-on-year, reaching nearly 85% of second quarter 2019 levels [9] - Brazil's traffic stood at 76% of second quarter 2019 levels, slightly below the previous quarter, but grew to 85% in July [10] Company Strategy and Development Direction - The company is focused on two key value creation initiatives: economic re-equilibriums in Brazil and Armenia, and selecting value creation investment opportunities [20] - The company aims to provide a superior experience across its 53 airports while integrating sustainability into operations and infrastructure [21] Management's Comments on Operating Environment and Future Outlook - Management expects pent-up demand and the elimination of restrictions to continue supporting recovery in passenger traffic trends [19] - The company remains vigilant on macro and geopolitical situations that could impact operations [19] Other Important Information - The total liquidity position at the end of the quarter was $448 million, down from $646 million at the end of March 2022 [16] - Total debt was $1.5 billion, with net debt at $1.2 billion, and the net debt to adjusted EBITDA ratio declined to 3.5 times from 5.1 times [17] Q&A Session Summary Question: Details on the big asset sale in the cash flow statement - Management clarified that there were no asset sales, but significant cash utilization included the redemption of preferred shares in Argentina and prepayment of a syndicated loan facility in Armenia [27] Question: Interest in new airport projects - Management confirmed active interest in new projects, including potential opportunities in Barbados and Brazil, while focusing on improving current operations [24][25]