Investor Presentaiton
Consolidated Statements of Profit or Loss and Other Comprehensive Income
For the years ended December 31, 2017, 2018 and 2019 (thousands of Mexican pesos)
2017
2018
2019
19 vs 18
Revenues
Aeronautical services
Non-aeronautical services
Sum of aeronautical and non-aeronautical services
Improvements to concession assets (IFRIC 12)
Total revenues
Operating costs
Cost of services
Technical assistance fees
Concession taxes
8,280,522
9,499,154
10,547,720
11.0%
2,772,905
3,183,532
3,771,500
18.5%
18
11,053,427
12,682,686
14,319,220
12.9%
1,312,491
1,440,204
1,906,801
32.4%
19
12,365,918
14,122,890
16,226,021
14.9%
2,110,407
2,453,722
2,744,864
11.9%
357,451
411,477
461,549
12.2%
944,197
1,076,350
1,318,220
22.5%
Depreciation and amortization
1,443,562
1,569,637
1,776,137
13.2%
Cost of improvements to concession assets (IFRIC 12)
1,312,491
1,440,204
1,906,801
32.4%
Other (income) expense - net
(83,921)
(73,152)
Total operating costs
6,084,187
6,878,238
Income from operations
Finance cost
Share of (loss) profit of associate
Income before income taxes
Income taxes
6,281,731
7,244,652
1,212
8,208,783
8,017,238
(101.7%)
19.3%
10.7%
2019 ANNUAL REPORT
(99,389)
(236,033)
(671,132)
184.3%
(10,620)
(947)
79
(108.3%)
6,171,722
7,007,672
(1,440,641)
(1,869,041)
7,346,185
(1,891,443)
4.8%
1.2%
Profit for the year
4,731,080
5,138,631
5,454,742
6.2%
Exchange differences on translating foreign operations
(226,494)
(103,569)
(269,440)
160.2%
Cash flow hedges effective portion of change in fair value, net of income tax
(172,094)
100.0%
Remeasurements of employee benefit - net of income tax
(2,602)
(161)
(1,404)
770.8%
Total comprehensive income for the year
4,501,985
5,034,901
5,011,804
(0.5%)
THE BEST IS YET TO COME
EBITDA
EBITDA Margin % (excluding IFRIC12)
7,725,293
8,814,289
9,793,375
11.1%
70%
69%
68%
(1.6%)
*Figures audited by KPMGView entire presentation