Investor Presentaiton
ASR
LISTED
NYSE
10
years
Strategic
Matters
Operating leverage as passenger traffic recovers
Highlights
EBITDA margins have increased despite
major exogenous events such as the H1N1
outbreak, significant increase in crude oil
prices and the global financial crisis
Revenues have grown at a faster rate than
operating costs and passenger traffic
EBITDA
Company
Regulation
Overview
Operational
Information
Commercial
Financial
Revenues
Information
Growth rates
'06-'09 CAGR
Passenger traffic
4.1% Cost of services
7.1%
Revenues
11.8% Administrative services
7.7%
14.3% Total costs
8.4%
Net Income
14.7% Mexican inflation (CPI)
4.6%
Mexican GDP growth
-0.7%
2009 operating cost breakdown (%)
Revenue and cost per PAX comparison (Ps./PAX)
8.4%
5.8%
6.8%
Concession fee
■Technical assistance
44.0%
Administrative services
Costs of services
■ D&A
35.1%
Note: growth rates in Mexican peso terms; Mexican inflation growth rate calculated as
the % change in CPI indexed to 2006; total costs include concession fee, technical
assistance, administrative services, costs of services and D&A; passenger traffic
excludes transit and general aviation passengers
¹Note: revenue per passenger figures does not include construction revenue
1Q'06
2Q'06
42
152
157
3Q'06
52
161
4Q'06
47
8
167
1Q'07
37 6
161
2Q'07
45 6
167
3Q'07
46
175
4Q'07
53 7
172
1Q'08
37
5
173
2Q'08
39 6
175
3Q'08
50
6
175
4Q'08
1Q'09
39
9
2Q'09
58
8
60
8 09
193
203
201
3Q'09
53
198
4Q'09
57 10
205
1Q'10
39 8
207
2Q'101
52 9
210
Cost of Services
Administrative
RevenuesView entire presentation