Press Release: Grupo Aeroportuario del Pacifico Announces Results for the Second Quarter of 2022

Dow Jones
26 Jul 2022
                     ---------      ---------      ------      ----------      ----------      ------ 
  Currency 
   translation 
   effect              (45,788)      (161,220)      252.1%       (139,739)       (339,551)      143.0% 
                     ---------      ---------      ------      ----------      ----------      ------ 
  Cash flow hedges, 
   net of income 
   tax                       0         45,635       100.0%              0         137,387       100.0% 
                     ---------      ---------      ------      ----------      ----------      ------ 
  Remeasurements of 
   employee benefit 
   -- net income 
   tax                    (146)         103.0      (170.5%)          (293)            205      (170.0%) 
                     ---------      ---------      ------      ----------      ----------      ------ 
Comprehensive 
 income              1,217,639      2,249,154        84.7%      2,521,090       4,490,130        78.1% 
                     ---------      ---------      ------      ----------      ----------      ------ 
  Non-controlling 
   interest            (19,763)       (51,631)     (161.3%)       (44,929)        (70,658)      (57.3%) 
                     ---------      ---------      ------      ----------      ----------      ------ 
Comprehensive 
 income 
 attributable to 
 controlling 
 interest            1,197,876      2,197,523        83.5%      2,476,161       4,419,472        78.5% 
                     ---------      ---------      ------      ----------      ----------      ------ 
 
 
                         2Q19           2Q22         Change         6M19            6M22         Change 
EBITDA               2,428,238      4,081,701        68.1%      4,928,316       7,790,121        58.1% 
                     ---------      ---------      ------      ----------      ----------      ------ 
Comprehensive 
 income              1,217,639      2,249,154        84.7%      2,521,090       4,490,130        78.1% 
                     ---------      ---------      ------      ----------      ----------      ------ 
Comprehensive 
 income per share 
 (pesos)                2.1705         4.4230       103.8%         4.4939          8.8300        96.5% 
                     ---------      ---------      ------      ----------      ----------      ------ 
Comprehensive 
 income per ADS (US 
 dollars)               1.1299         2.1985        94.6%         2.3395          4.3891        87.6% 
                     ---------      ---------      ------      ----------      ----------      ------ 
 
Operating income 
 margin                   54.7%          53.2%       (2.8%)          55.6%           52.8%       (5.1%) 
                     ---------      ---------      ------      ----------      ----------      ------ 
Operating income 
 margin (excluding 
 IFRIC 12)                56.6%          62.4%       10.1%           57.7%           62.5%        8.2% 
                     ---------      ---------      ------      ----------      ----------      ------ 
EBITDA margin             66.4%          61.7%       (7.0%)          67.2%           61.7%       (8.1%) 
                     ---------      ---------      ------      ----------      ----------      ------ 
EBITDA margin 
 (excluding IFRIC 
 12)                      68.8%          72.4%        5.2%           69.7%           73.1%        4.8% 
                     ---------      ---------      ------      ----------      ----------      ------ 
Costs of services 
 and improvements / 
 total revenues           22.6%          28.3%       25.0%           21.4%           28.6%       33.8% 
                     ---------      ---------      ------      ----------      ----------      ------ 
Cost of services / 
 total revenues 
 (excluding IFRIC 
 12)                      20.0%          16.0%      (20.0%)          18.4%           15.5%      (15.7%) 
                     ---------      ---------      ------      ----------      ----------      ------ 
 
 

[1] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company's Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

[2] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company's Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

$(END)$ Dow Jones Newswires

July 25, 2022 18:20 ET (22:20 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10