Grupo Aeroportuario del Sureste(ASR) - 2022 Q4 - Annual Report

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]