OMA

Investor Relations

1 What does OMA do?

Under 50-years concession, OMA operates and manages 13 international airports in the central and northern regions of Mexico. We serve Monterrey, Mexico's industrial capital;, the tourist destinations of Acapulco, Mazatlan and Zihuatanejo; seven regional cities such as Culiacán, Chihuahua, Tampico, Torreón, San Luis Potosí, Zacatecas y Durango; and two border cities, Ciudad Juárez and Reynosa. Our airports handle about 14 million terminal passengers per year.

On 2009, we also derived additional revenues from commercial and diversification activities conducted at our airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, the operation of the NH Terminal 2 Hotel at the Mexico City Airport, among others.

Recently, in 2015, OMA joined the hotel chain Grupo Hotelero Santa Fe to develop, operate and manage a four-point five-star hotel with 134 rooms and commercial areas between Terminal A and Terminal B of Monterrey International Airport.

OMA's more than 1,000 employees are dedicated to providing passengers and clients with high quality airport and commercial services that meet international standards for safety and security.

2 What is OMA's history?
  • OMA was incorporated in 1998 as part of the Mexican government's program for the opening of Mexico's airports to private investment, and was granted 50-years concessions to operate 13 airports.
  • In 2000, as part of the first stage of OMA's privatization, the Mexican government sold a 15% equity interest to Servicios de Tecnología Aeroportuaria (SETA), which is the strategic partner. SETA is owned by ICA, the largest engineering, construction and procurement company in Mexico, and Aéroports de Paris Management, a leading European airport operator.
  • In 2006, OMA carried out an international IPO in which the government sold the balance of its shareholdings to the public.
  • In 2009, OMA expanded by opening an NH-branded hotel in Terminal 2 of the Mexico City International Airport, the nation's busiest. In 2015, OMA inaugurated its first Industrial Park and opened a Hilton Garden Inn hotel in Monterrey International Airport.
  • In 2015, OMA inaugurated its first Industrial Park and opened a Hilton Garden Inn hotel in Monterrey International Airport.
3 How does OMA generate revenues?

We generate a mix of regulated aeronautical revenues and unregulated non-aeronautical revenues for commercial, diversification and complementary services.

Most of our revenues are derived from providing aeronautical services revenues to airlines and passengers. This includes fees charged for each departing passenger, aircraft landing fees, aircraft parking fees, fees for the transfer of passengers from the aircraft to the terminal building, security charges for each departing passenger, and the like. Revenues from aeronautical services are subject to rate regulation.

About 75% of our revenues are generated from aeronautical services.

We also provide non-aeronautical revenues generated from commercial services, such as the operation of parking facilities, leasing of space to restaurants and retailers, and advertising, among others; from diversification services, such as the operation of the NH Hotel in Terminal 2 of the Mexico City airport and the Hilton Garden Inn at Monterrey airport; and complementary services, led by the baggage-screening service to airlines.

Approximately 25% of our revenues are derived from non-aeronautical services.

4 What is the mix of passengers and airline customers that OMA serves?

What is the mix of passengers and airline customers that OMA serves?

We have a balanced portfolio in terms of geography and type of passenger. During the First Quarter of 2017:

  • Monterrey airport accounted for 46% of passenger traffic; regional cities accounted for 30%; tourist destinations accounted for 16% of passenger traffic and border cities accounted for 8% of passenger traffic.
  • 85% of our passengers are domestic, and the rest are international
  • More than 20 airlines serve our airports, including domestic and international carriers.
5 What is OMA's business strategy?

In a long term return business, our principal goal is having growth and creating value to our shareholders.

OMA is continuously working to capitalize expected growth in air travel through:

  • Working with airlines to develop air traffic and connectivity
  • Consolidation and continuousness of main routes
  • Turning Monterrey airport into a regional hub

We also expect to grow revenues through:

  • Increasing commercial revenues, mainly through expansion and optimization of retail space, parking and advertising.
  • Developing real estate projects that contribute to value creation through our diversification strategy, such as hotels, industrial parks, commercial centers, among others, as well as leasing available spaces to third parties for the development of new businesses.
6 How is OMA regulated?

The Mexican Ministry of Communications and Transportation (SCT) is the principal regulator of the airports operation business in Mexico.

OMA's activities are principally regulated by the Airports Law and their regulations and the General Law for National Assets, among other administrative laws.

As part of our concession agreement, we must meet stringent standards of safety and security, as well as service.

Every fifteen years OMA must prepare master development programs (MDP) for each of our airports that detail our expected growth in traffic over the following 15 years and the investments needed to serve this growth. Each five years this master plan is reviewed and modified as needed.

Based on traffic projections, the MDP defined and other financial factors, the SCT sets the maximum rate per workload unit (one terminal passenger or 100kg of cargo) that each airport can charge per year. These rates are set once every five years, but every year it is adjusted for a efficiency factor and for inflation). All the revenues from regulated services must fall within this ceiling, although OMA can set and adjust rates for individual services in accordance with market conditions.

OMA's current MDP is for the period 2016-2020. During 2020, the SCT and OMA will negotiate the investment program and maximum rates for the 2021-2025 period.

7 What are OMA Plaza and OMA Carga?

OMA Plaza is our retail concept. Our airports have exceptional restaurants, shops, banks, and other stores to offer passengers an enjoyable experience.

OMA Carga is our air freight terminal service. We provide strategically located terminals to companies with air and land freight needs. Our cargo terminals are located in the airports of Monterrey, Chihuahua, and Ciudad Juárez.

8 What is the difference between Grupo Aeroportuario del Centro Norte and OMA?

They are the same. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is our legal corporate name. OMA is our trade name; our passengers, airlines, and our business partners know us as OMA, which stands for Operadora Mexicana de Aeropuertos.

9 Who are OMA's strategic partners and major shareholders?

As of March31, 2017:

  • Public float holds approximately 85.7% of OMA's shares.
  • SETA, the strategic partner, holds 12.4% who is a fully owned subsidiary of Empresas ICA, S.A.B. de C.V., Mexico's largest engineering and construction company.
  • Empresas ICA through CONOISA, directly holds an additional 1.9%, bringing its total economic interest in OMA to about 14.3%.
10 What kind of shares does OMA have and where do they trade?

OMA has 400 million share, which 12.4% are Serie BB shares and 87.6% are Serie B shares.

OMA's Serie B shares common shares have been traded on the Mexican Stock Exchange (BMV) since November 2006. Shares in the form of American Depositary Shares (ADSs) are traded on the NASDAQ Global Market from New York; each ADS represents 8 Series B shares.

  • The BMV ticker is "OMA"
  • The NASDAQ ticker is "OMAB"

In addition, the strategic partner of OMA, SETA owns all OMA's Series BB shares, which are not traded.

Each Series B and Series BB share gives the holder equal dividend rights and the right to one vote in shareholders' meetings. The holders of Series BB shares also have veto rights over certain actions, including the payment of dividends and the nomination or removal of certain members of senior management.

11 What are American Depositary Shares (ADS's) and where can I get more information about trading them?

OMA's shares are listed and traded on the NASDAQ Global Market in the form of American Depositary Shares, or ADS's. Each ADS represents 8 Series B shares.

ADS's are quoted and traded in U.S. dollars. Cash dividends declared are paid in U.S. dollars to ADS's holders.

For more information on ADS:


J.P. Morgan Depositary Receipts
4 New York Plaza, Floor 12
New York, NY 10004
General: +1 866 JPM ADRS
adr@jpmorgan.com

If you are shareholder of OMA’s ADS:


JP Morgan Chase Bank N.A.
P.O. Box 64504
St. Paul, MN 55164-0854
General: +1 800 990 1135
If calling from outside the US:  +1 651 453 2128
jpmorgan.adr@wellsfargo.com

Website:  www.adr.com

12 What are OMA's corporate practices?

OMA has adopted sound corporate governance practices that reflect our commitment to maintaining the highest standards of corporate ethics, transparency and compliance with the laws and regulations in force in the financial markets where its shares have been listed.

The management and representation of OMA is entrusted to its Board of Directors, and to the General Director. The Board is made up of 11 directors, 5 of whom are independent.

The Board of Directors relies on the fulfillment of its functions in a Special Committee, which has functions of Auditing, Corporate Practices, Finance and Planning. This Committee is exclusively composed of Independent Directors. The Board of Directors elects the members of this Committee and the Shareholders' Assembly elects its Chairman.

13 What is OMA's dividend policy?

According to the policy established in September 2006, the annual OMA dividend has a fixed and a variable component. The fixed component is $325 million annually. The variable component will depend on the funds available for distribution once the fixed component is paid, reserving the amount of money covering the investments scheduled for the next 12 months and the estimated operating expenses for the next 6 months.

The payment of the cash dividend decreed at an Annual Meeting of Shareholders is made in four exhibitions, with the dates stipulated on July 15, October 15, January 15 and April 15.

The cash dividend decreed for fiscal year 2016 was for a total amount of Ps.1,600 million, equivalent to Ps.4.0 per share.

14 In what indices OMA is included?

As of September 2016, OMA was included in the Dow Jones Sustainability Index (“DJSI”) Emerging Markets. The current DJSI is valid for one year.

We have been included in the Sustainability Index of the Mexican Stock Exchange (Índice Sustentable de la Bolsa Mexicana de Valores) for six years in a row. The current Sustainability Index is valid through January 31, 2017.

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