Grupo Aeroportuario del Pacifico SAB de CV (NYSE:PAC) Q2 2021 Earnings Conference Call July 30, 2021 11:00 AM ET Company Participants Paulina Sánchez - IR Officer Raul Revuelta - CEO Saul Villarreal - CFO Alejandra Soto - IRO Conference Call Participants Pablo Monsivais - Barclays Bank Javier Gayol - GBM Alejandro Zamacona - Crédit Suisse Francisco Suarez - Scotiabank Rodolfo Ramos - Bradesco BBI Guilherme Mendes - JPMorgan Chase & Co. Operator Good morning, and welcome to GAP's Second Quarter 2021 Conferen ...

Financial Data and Key Metrics Changes - GAP experienced a 37% decline in traffic year-over-year and a 38% decline compared to 2019, primarily due to the ongoing pandemic [5][6] - Cash and cash equivalents increased by 34% or Ps. 3.7 billion year-over-year, totaling Ps. 14.7 billion [10] - Aeronautical revenue decreased by 34%, driven by a 46.9% drop in international passenger traffic [12] - EBITDA for the quarter was Ps. 1.8 billion, with an EBITDA margin of 65% [15] Business Line Data and Key Metrics Changes - Domestic traffic showed signs of recovery, particularly in Tijuana, which saw a 9% decline compared to Q1 2019, while Guadalajara experienced a 36% decrease [6] - Commercial revenue decreased by 37%, largely due to impacts from duty-free operations [13] - Operating costs were reduced by 9% compared to Q1 2020, with significant declines in maintenance and utility expenses [14] Market Data and Key Metrics Changes - International passenger traffic continued to be affected by travel restrictions imposed by the US, Canada, and the UK [7] - The recovery of domestic traffic is expected to continue, with optimism for international recovery as vaccination rates rise [7][8] Company Strategy and Development Direction - GAP is focusing on maintaining a strong balance sheet and has restarted share repurchases, acquiring 24 million shares for Ps. 531 million [10] - The company is initiating the construction of a new commercial complex at Guadalajara airport, expected to be completed by early 2023 [14] - GAP plans to issue a new tranche of debt bonds for Ps. 3 billion to refinance maturing debt [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of domestic traffic and potential international recovery, particularly in leisure markets [7][30] - The company anticipates a traffic growth of 27% to 30% in 2021, aiming for 33 to 35 million passengers [54] - Management noted that the recovery pace will vary by airport, with Tijuana expected to recover faster than Guadalajara [21][40] Other Important Information - S&P and Moody's reaffirmed their AAA rating for GAP due to solid results [11] - The company is exploring opportunities for new routes and partnerships with airlines like AeroMexico and Boladis [28][30] Q&A Session Summary Question: What is the traffic recovery period assumption? - Management expects to return to 2019 passenger levels by 2024, but is optimistic for a quicker recovery in 2023 [21] Question: Discussions with Interjet regarding operations? - Interjet accounted for about 10% of GAP's traffic, but routes were not exclusive, allowing other airlines to fill the gap [24] Question: Tariff strategy for this year? - Management plans to gradually approach maximum tariff fulfillment by the end of 2021, expecting 100% fulfillment in the coming years [28] Question: Perspectives for traffic in Guadalajara? - Guadalajara has a mix of leisure and business traffic, with recovery expected to depend on the economy of California and domestic leisure travel [40] Question: Impact of outsourcing bill on labor costs? - The potential impact is estimated to be around Ps. 60 million to Ps. 70 million, which is less than 1% of total costs [46] Question: Growth planning and acquisitions? - Currently, there are no acquisition opportunities being reviewed aside from Barbados, but the Caribbean and Central America are regions of interest [49] Question: Construction of the second runway in Guadalajara? - The second runway is expected to be completed by 2023, with plans for increased commercial revenues through new business lines [53]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 svillarreal@aeropuertosgap.com.mx (Name, telephone, e-mail and/or facsimile number and address of company contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which regist ...

Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q2 2020 Earnings Conference Call July 24, 2020 11:00 AM ET Company Participants Maria Barona – i-advize Corporate Communications Raul Revuelta – Chief Executive Officer Saul Villarreal – Chief Financial Officer Conference Call Participants Alan Macias – Bank of America Diego Gaxiola – Credit Suisse Mauricio Martinez – GBM Marcos Barreto – Citi Rodolfo Ramos – Bradesco BBI Operator Good morning, and welcome to GAPÂ's Second Quarter 2020 Conference C ...

Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q1 2020 Earnings Conference Call April 30, 2020 11:00 AM ET Company Participants Maria Barona - i-advize Corporate Communications Raul Revuelta - CEO Saul Villarreal - CFO Conference Call Participants Mauricio Martinez - GTM Alejandro Zamacona - Credit Suisse Ruben López - Santander Operator Good morning, and welcome to GAP's First Quarter 2020 Conference Call. All lines have been placed on mute to prevent any background noise. After the presentati ...

Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) Q3 2019 Earnings Conference Call October 25, 2019 11:00 AM ET Company Participants Maria Barona - i-advize Corporate Communications Raul Revuelta - Chief Executive Officer Saul Villarreal - Chief Financial Officer Conference Call Participants Alejandro Zamacona - Credit Suisse Ruben López - Santander Andressa Varotto - UBS Marcos Barreto - Citi Fernando Sanchez - Bradesco Operator Good morning, and welcome to GAP's Third Quarter 2019 Conference Cal ...