Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET

Company Participants

Maria Barona - Investor Relations

Raul Revuelta - Chief Executive Officer

Saul Villarreal - Chief Financial Officer

Conference Call Participants

Guilherme Mendes - JPMorgan

Alberto Valerio - UBS

Pablo Monsivais - Barclays

Bruno Amorim - Goldman Sachs

Jay Singh - Citi

Ernst Anton Mortenkotter - GBM

Juan Pablo Macedo Carrillo - GBM

Pablo Coloma - MetLife Investment Management

Ana Cecilia Reyes - Grupo Bal

Marco Montanez - Vector

Kenton Moorhead - DWS

Evan Kurtz - Lord, Abbett & Co.

Operator

Good morning, and welcome to GAP's Conference Call. All lines have been placed on mute to prevent any background noise. After the presentation, we will open the floor for questions. [Operator Instructions]. It is now my pleasure to turn the conference over to GAP's Investor Relations team. Please go ahead.

Maria Barona

Thank you, and welcome to Grupo Aeroportuario del Pacifico's Third Quarter 2023 Conference Call. Presenting for the company today, we welcome Mr. Raul Revuelta, GAP's Chief Executive Officer; and Mr. Saul Villarreal, Chief Financial Officer.

Please be advised that forward-looking statements may be made during this conference call. These do not account for future economic circumstances, industry conditions, company performance, or financial results. As such, statements made are based on several assumptions and factors that could change. This could cause actual results to materially differ from current expectations. For a complete note on forward-looking statements, please refer to the quarterly report.

At this point, I'd like to turn the call over to Mr. Revuelta for his opening remarks. Please begin, sir.

Raul Revuelta

Thank you, Maria, and thank you to everyone who took the time to join us today. Let's begin by addressing the recent events. We know that the last week has been tough on the market, given the decision made by the Mexican government. Today, I would like to clarify these changes during this presentation and answer all the questions regarding this news.

First, I will start with the financial results and then I will go deeper into the regulation. Then recap GAP's operational and financial performance for the third quarter of 2022, and then the recent events prior to taking questions. For the period, GAP exported 16.2 million passengers throughout the 14 airports, representing a 10.8% increase. Together with the solid results we experienced during the first half of this year, these results keep us on track to reach our annual growth guidance.