Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q3 2022 Earnings Conference Call October 31, 2022 12:00 PM ET

Company Participants

Emmanuel Camacho - IR Officer

Ricardo Duenas - CEO

Ruffo Perez Pliego - CFO

Conference Call Participants

Alejandro Zamacona - Crédit Suisse

Juan Ponce - Bradesco

Juan Macedo - GBM

Gabriel Himelfarb - Scotiabank

Alberto Valerio - UBS

Operator

Greetings, welcome to OMA’s Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to Emmanuel Camacho, Investor Relations Officer. Thank you. You may begin.

Emmanuel Camacho

Thank you, Sherry. Good morning, everyone. I would like to welcome to OMA's Third Quarter 2022 Earnings Conference Call. Participating today are CEO, Ricardo Duenas; and CFO, Ruffo Perez Pliego. Please be reminded that certain statements made during the course of our discussion today may constitute forward-looking statements, which are based on current management expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including factors that may be beyond our control.

And with that, I will turn the call over to Ricardo Duenas for his opening remarks.

Ricardo Duenas

Thank you Emmanuel. Good morning everyone. We appreciate you joining us today. This morning we will review the evolution of our business and our third quarter performance. Before we begin, I would like to comment on an important update on all my shareholding structure.

During the quarter we were informed by FinTech advisory that certain affiliates of FinTech had entered into a share purchase agreement with a subsidiary of VINCI airports for the direct acquisition of 29.99% of Series B and BB shares of OMA. This transaction will make VINCI airports our largest shareholder. VINCI airports investment in OMA represents an endorsement of the extraordinary performance we have delivered in the past and a confirmation of the potential of OMA's assets. We're excited to be welcoming the world's leading private airport operator, and together create additional value by combining VINCI’s global network and expertise with OMA’s long term strategy and prospects. We will not further comment on this transaction ahead of the closing which is expected to occur in December 2022.

I will now review our third quarter operational performance. In third quarter OMA’s passenger traffic surpassed 2019 levels for the first quarter since the beginning of the pandemic. Total passenger traffic reached 6.3 million, an increase of 2% versus three quarter of 2019. Domestic and international passenger traffic increased by 1.8% and 3.7%, respectively, versus the same quarter of 2019.