ASUR: 2Q19 passenger traffic up in Mexico, Puerto Rico and Colombia

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ASUR, an international airport group with operations in Mexico, the U.S., and Colombia, today announced results for the three-and six-month periods ended June 30, 2019.

2Q19 Highlights

  • Passenger traffic in Mexico rose 4.7% YoY, reflecting increases of 9.3% and 0.7% in domestic and international traffic, respectively, principally driven by Cancun Airport.
  • Traffic in Puerto Rico (Aerostar) increased 6.1% YoY, supported by increases of 5.5% in domestic traffic and 11.4% in international traffic.
  • Traffic in Colombia (Airplan) rose 14.9% YoY, driven by growth of 14.3% in domestic traffic and 18.5% in international traffic.
  • Consolidated commercial revenues per passenger reached Ps.99.7.
  • Consolidated EBITDA increased 16.3% YoY, reaching Ps.2,745.0 million. Excluding a one-time insurance claim recovery of Ps.162.6 million in Puerto Rico during 2Q19 in connection with Hurricane Maria in 2017, consolidated EBITDA would have increased 9.4% YoY to Ps.2,582.4 million.
  • Cash position at year-end was Ps.4,851.3 million. Net Debt to LTM EBITDA stood at 0.9x.
  • Paid Ps.10.0 peso per share cash dividend totaling Ps.3.0 billion

Table 1:  Financial & Operational Highlights 1

Second Quarter

% Var

2018

2019

Financial Highlights

Total Revenue

3,887,392

4,069,379

4.7

Mexico

2,579,526

2,777,678

7.7

San Juan

831,818

784,432

(5.7)

Colombia

476,048

507,269

6.6

Commercial Revenues per PAX

99.7

99.7

0.0

Mexico

115.5

115.4

(0.1)

San Juan

109.8

114.4

4.2

Colombia

38.6

40.6

5.2

EBITDA

2,359,840

2,745,049

16.3

Net Income

1,098,404

1,523,506

38.7

Majority Net Income

1,086,332

1,426,741

31.3

Earnings per Share (in pesos)

3.6211

4.7558

31.3

Earnings per ADS (in US$)

1.8851

2.4759

31.3

Capex

407,185

170,830

(58.0)

Cash & Cash Equivalents

3,688,908

4,851,261

31.5

Net Debt

12,907,507

9,295,296

(28.0)

Net Debt / LTM EBITDA

1.49

0.92

(38.5)

Operational Highlights

Passenger Traffic

Mexico

8,332,943

8,727,405

4.7

San Juan

2,277,680

2,417,300

6.1

Colombia

2,495,862

2,868,929

14.9

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