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Corporacion America Airports(CAAP) - 2021 Q1 - Earnings Call Transcript
2021-05-20 17:06
Corporación América Airports S.A. (NYSE:CAAP) Q1 2021 Earnings Conference Call May 20, 2021 9:00 AM ET Company Participants Gimena Albanesi - Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Mark Zhang - Oppenheimer Roberta Versiani - Citibank Operator Good morning, and welcome to Corporación América Airports First Quarter 2021 Earnings Conference Call. A slide presentation accompanies today's webcast and is available in the In ...
Corporacion America Airports(CAAP) - 2020 Q4 - Annual Report
2021-04-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 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 ...
Corporacion America Airports(CAAP) - 2020 Q4 - Earnings Call Transcript
2021-03-31 15:47
Corporacion America Airports S.A. (NYSE:CAAP) Q4 2020 Results Conference Call March 31, 2021 9:00 AM ET Company Participants Gimena Albanesi - Investor Relations Martin Eurnekian - Chief Executive Officer Raul Francos - Chief Financial Officer Jorge Arruda - Head of Finance and M&A Conference Call Participants Mark Zhang - Oppenheimer Operator Good morning, and welcome to the Corporacion America Airports Fourth Quarter Fiscal Year 2020 Earnings Conference Call. A slide presentation accompanies today's webca ...
Corporacion America Airports(CAAP) - 2020 Q4 - Earnings Call Presentation
2021-03-31 13:46
Corporación América Airports S.A. Fourth Quarter 2020 Earnings Call Presentation 1 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "believes," "continue," "could," "potential," "remain," "will," "would" or similar expre ...
Corporacion America Airports(CAAP) - 2020 Q3 - Earnings Call Presentation
2020-11-19 17:25
AMERICA AIRPORTS Corporación América Airports S.A. Third Quarter 2020 Earnings Call Presentation 1 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "believes," "continue," "could," "potential," "remain," "will," "would" ...
Corporacion America Airports(CAAP) - 2020 Q3 - Earnings Call Transcript
2020-11-19 17:18
Financial Data and Key Metrics Changes - Passenger traffic decreased nearly 89% year-on-year due to the pandemic, but improved 5 times from the second quarter of 2020 [10] - Revenues excluding IFRIC 12 were down 76% year-on-year but improved 45% compared to the second quarter [11] - Adjusted EBITDA, excluding non-cash impairment, was a loss of $19 million, an improvement from a loss of $33 million in the prior quarter, but significantly below the $125 million adjusted EBITDA reported in the same quarter last year [11] - Total liquidity increased to $253 million from $230 million in the second quarter, supported by additional financing and cost reductions [12][25] Business Line Data and Key Metrics Changes - Operations in Argentina, Uruguay, Ecuador, and Armenia achieved operating cash breakeven levels in the quarter [8] - Cargo activity showed sustained recovery, with a year-on-year drop in cargo improving from a 56% drop in April [18] Market Data and Key Metrics Changes - Argentina was the most negatively impacted by strict travel bans, while Brazil showed constant improvement in passenger traffic since June [13][15] - Italy experienced improved traffic trends during the summer season, although new lockdowns were being established due to rising COVID cases [14] Company Strategy and Development Direction - The company has focused on cost reduction, achieving a 48% reduction in cash operating costs compared to the same period last year [8][19] - Ongoing negotiations with regulatory bodies and governments to obtain compensation for the impact of the crisis are a priority [9][21] - The company is adapting its airport network to meet new health and safety requirements to regain customer confidence [31][32] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautious outlook for the near term, monitoring new outbreaks in Europe while expecting improved performance in Latin America during the summer holidays [34] - Long-term recovery is contingent on consumer confidence in health protocols, lifting of government restrictions, vaccine availability, and improved economic conditions [35] Other Important Information - The company successfully closed a $40 million linked local bond at a 0% interest rate with a two-year maturity in Argentina [26] - A EUR85 million loan was obtained from a pool of financial institutions with a six-year term and a two-year grace period [27] Q&A Session Summary Question: Expectations for Argentina airport extension and timeframe for force majeure discussions in Brazil - Management is engaged with regulators regarding compensation for the crisis and will inform the market once clear information is available [37] Question: Expectations regarding CapEx and tariffs in Argentina and local capital markets liquidity - Discussions with regulators are ongoing, with various parameters available to regain economic equilibrium [41] - Local market liquidity is volatile, but the company successfully accessed the market with a $40 million note in August [43] Question: Persistence of cost rationalization and updates on syndicated bank loans - Cost efficiencies gained during the pandemic are expected to last, but the extent is uncertain due to operational adjustments [47] - The company is working with the Central Bank regarding syndicated loans and does not foresee issues with upcoming payments [51]
Corporacion America Airports(CAAP) - 2020 Q2 - Earnings Call Transcript
2020-08-21 15:35
Corporación América Airports S.A. (NYSE:CAAP) Q2 2020 Earnings Conference Call August 21, 2020 9:00 AM ET Company Participants Gimena Albanesi - Investor Relations MartÃn Eurnekian - Chief Executive Officer Raúl Francos - Chief Financial Officer Jorge Arruda - Head of Finance and M&A Conference Call Participants Mark Zhang - Oppenheimer Chris Dechiario - Marathon Asset Management Operator Good morning. Welcome to the Second Quarter Earnings Release and Investor Call for Corporación América Airports. All par ...
Corporacion America Airports(CAAP) - 2020 Q2 - Earnings Call Presentation
2020-08-21 12:45
Corporación América Airports S.A. Second Quarter 2020 Earnings and COVID-19 Update Call Presentation 1 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "believes," "continue," "could," "potential," "remain," "will," "wou ...
Corporacion America Airports(CAAP) - 2020 Q1 - Earnings Call Transcript
2020-05-22 18:07
Corporación América Airports S.A. (NYSE:CAAP) Q1 2020 Earnings Conference Call May 22, 2020 9:00 AM ET Company Participants Gimena Albanesi - Investor Relations MartÃn Eurnekian - Chief Executive Officer Raúl Francos - Chief Financial Officer Jorge Arruda - Head of Finance and M&A Conference Call Participants Mark Zhang - Oppenheimer Chris Vicari - Maritime Asset Management Roberta Versiani - Citibank Operator Good morning. And welcome to the Corporación América Airports First Quarter 2020 Earnings Conferen ...
Corporacion America Airports(CAAP) - 2019 Q4 - Annual Report
2020-04-08 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 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 ...