Corporacion America Airports(CAAP) - 2023 Q1 - Earnings Call Presentation

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]