Investor Presentaiton
3
Aleatica Mexico Highlights (cont'd)
Strong financial and operating track record, leading to high free cash flow conversion
Aleatica Mexico's solid financial performance, inflation protected revenues, sustainable margins and costs
with decreasing leverage make it an attractive investment story
HIGHLIGHTS
✓ Toll road revenues increased 28.23% YoY
in 2022, from Ps. 7,768 million to Ps.
9,961 million. The increase was 29.65%
vs 2019, as traffic fully recovers from
prepandemic levels.
2022 toll road EBITDA increased Ps.
1,932 million, reaching Ps. 6,958 million
on a 69.90% margin. This is 4.6
percentage points lower than the margin
in 2019.
Toll Revenues Breakdown
(in Ps.$ mm)
Toll road Revenues¹
(in Ps.$ mm)
Toll road EBITDA¹
Leverage
(in Ps.$ mm)
(in Ps.$ Bn)
Net Debt
Toll road
EBITDA
margin
Total Assets
$6,958
$106
$105 $103 $102
$5,026
$9,961
$7,683
$7,768
$5,721
$6,004
2019
2020
2021
2022
74.5%
$4,045
67.4%
64.7%
69.9%
$26
$28 $32
$34
2020
2021
2022
2019
2020 2021 2022
2019
Toll EBITDA Breakdown
$6,431
$5,074
CONMEX
(in Ps.$ mm)
■Revenue Breakdown
2021
$4,737
Revenue Breakdown
2022
$1,308
$1,179 $1,165
$1,057
$752
$762
VEB
AUN
GANA
$3,470
1 Consolidated Toll Revenues and Toll EBITDA, comprised of Conmex, Urbana Norte, Viaducto Bicentenario, and Amozoc-Perote
■EBITDA Breakdown
2021
EBITDA Breakdown
2022
$697
$896
$488
$531
$628
$538
CONMEX
VEB
AUN
GANAView entire presentation