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
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Table 1: Financial & Operational Highlights 1 |
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Second Quarter |
% Var |
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|
2018 |
2019 |
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|
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 |
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|
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 |
