Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q3 2023 Earnings Conference Call October 30, 2023 12:00 PM ET

Company Participants

Emmanuel Camacho - Investor Relations

Ricardo Duenas - Chief Executive Officer

Ruffo Perez Pliego - Chief Financial Officer

Conference Call Participants

Pablo Monsivais - Barclays

Guilherme Mendes - JPMorgan

Rodolfo Ramos - Bradesco BBI

Alberto Valerio - UBS

Bruno Amorim - Goldman Sachs

Juan Macedo - GBM

Jay Singh - Citi

Edson Murguia - SummaCapital

Gabriel Himelfarb - Scotiabank

Fernanda Recchia - BTG Pactual

Alan Macias - Bank of America

Operator

Greetings and welcome to the OMA Third Quarter Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Emmanuel Camacho, Investor Relations. Thank you. You may begin.

Emmanuel Camacho

Thank you, Doug. Hello, everyone, and welcome to OMA's Third Quarter 2023 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'll turn the call over to Ricardo Duenas for his opening remarks.

Ricardo Duenas

Thank you, Emmanuel. Good morning, everyone. We appreciate your presence on this call today. I will begin by discussing the impact that Hurricane Otis had in our Acapulco Airport and then we'll comment on recent developments in the regulatory landscape of our airport concessions.

Afterwards, we will move on to our quarterly results. On the night of October 25, Hurricane Otis struck Acapulco City with Category 5 intensity. The hurricane caused some damage to the terminal building of the Acapulco airport.

However, the airport remains operational and is currently focused on humanitarian operations. We are working closely with local and federal authorities to fully restore the regular operations of the airport, which we expect to be relatively soon.

In 2022, Acapulco contributed with 3.6% of our total passenger traffic and 3.4% of OMA's total aeronautical and non-aeronautical revenues. Regarding recent regulatory changes, on October 4th, 2023, the Civil Aviation Agency, an autonomous body under Ministry of Communication and Transportation notified us about immediate modification established in Annex 7 of the tariff regulation basis of our airport concessions.