Grupo Aeroportuario del Pacífico B de C : Corporate Presentation First Quarter 2024

1Q24

CORPORATE PRESENTATION

CONTENT

Company Overview	3
Regulatory changes in Mexico	9
Operational Information	16
Traffic drivers backing future growth	23
Overview of main airports	30
Financial perspective	38
Master Development Program 2020-2024	54
Sustainability	65

C o n s o l i d a t e d f i g u r e s f o r 2 0 1 5 i n c l u d e i n f o r m a t i o n f o r M o n t e g o B a y A i r p o r t i n J a m a i c a a s i f t h e a c q u i s i t i o n h a d t a k e n p l a c e o n J a n u a r y 1 , 2 0 1 5 ( r a t h e r t h a n A p r i l 1 , 2 0 1 5 ) .

T h e C o m p a n y t o o k c o n t r o l o f K i n g s t o n A i r p o r t i n J a m a i c a i n O c t o b e r 2 0 1 9 ; t h e r e f o r e , w e i n c l u d e i n f o r m a t i o n o n t h i s a i r p o r t s i n c e t h a t d a t e .

T h i s p r e s e n t a t i o n i s n o t a n o f f e r o r i n v i t a t i o n f o r s u b s c r i p t i o n o r p u r c h a s e o f o r a r e c o m m e n d a t i o n o f s e c u r i t i e s . I t d o e s n o t c o n s i d e r t h e i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l s i t u a t i o n , a n d p a r t i c u l a r n e e d s o f t h e i n v e s t o r. B e f o r e m a k i n g a n i n v e s t m e n t i n G A P, t h e i n v e s t o r o r p r o s p e c t i v e i n v e s t o r s h o u l d c o n s i d e r w h e t h e r s u c h a n i n v e s t m e n t i s a p p r o p r i a t e t o t h e i r p a r t i c u l a r i n v e s t m e n t n e e d s , o b j e c t i v e s , a n d f i n a n c i a l c i r c u m s t a n c e s a n d c o n s u l t a n i n v e s t m e n t a d v i s e r i f n e c e s s a r y. I n f o r m a t i o n , i n c l u d i n g f o r e c a s t f i n a n c i a l i n f o r m a t i o n , i n t h i s p r e s e n t a t i o n , s h o u l d n o t b e c o n s i d e r e d a r e c o m m e n d a t i o n i n r e l a t i o n t o h o l d i n g , p u r c h a s i n g , o r s e l l i n g s h a r e s , s e c u r i t i e s , o r o t h e r i n s t r u m e n t s i n G A P o r a n y o t h e r e n t i t y.

I n c o n s i d e r i n g t h e p e r f o r m a n c e i n f o r m a t i o n c o n t a i n e d h e r e i n , p r o s p e c t i v e i n v e s t o r s s h o u l d b e a r i n m i n d t h a t p a s t p e r f o r m a n c e i s n o t i n d i c a t i v e o f f u t u r e r e s u l t s , a n d t h e r e c a n b e n o a s s u r a n c e t h a t G A P w i l l a c h i e v e c o m p a r a b l e r e s u l t s o r t h a t t h e C o m p a n y w i l l b e a b l e t o i m p l e m e n t i t s b u s i n e s s s t r a t e g y a n d a p p r o a c h o r a c h i e v e i t s b u s i n e s s o b j e c t i v e s .

T h i s d o c u m e n t m a y c o n t a i n f o r w a r d - l o o k i n g s t a t e m e n t s . T h e s e s t a t e m e n t s a r e s t a t e m e n t s t h a t a r e n o t h i s t o r i c a l f a c t s a n d a r e b a s e d o n m a n a g e m e n t 's c u r r e n t v i e w a n d e s t i m a t e s o f f u t u r e e c o n o m i c c i r c u m s t a n c e s , i n d u s t r y c o n d i t i o n s , c o m p a n y p e r f o r m a n c e , a n d f i n a n c i a l r e s u l t s . T h e w o r d s " a n t i c i p a t e s ", " b e l i e v e s ", " e s t i m a t e s ", " e x p e c t s ", " p l a n s " a n d s i m i l a r

e x p r e s s i o n s , a s t h e y r e l a t e t o t h e c o m p a n y, a r e i n t e n d e d t o i d e n t i f y f o r w a r d - l o o k i n g s t a t e m e n t s . S t a t e m e n t s r e g a r d i n g t h e d e c l a r a t i o n o r p a y m e n t	o f d i v i d e n d s ,	t h e i m p l e m e n t a t i o n o f
p r i n c i p a l o p e r a t i n g a n d f i n a n c i n g s t r a t e g i e s a n d c a p i t a l e x p e n d i t u r e p l a n s , t h e d i r e c t i o n o f f u t u r e o p e r a t i o n s , a n d t h e f a c t o r s o r t r e n d s a f f e c t i n g	o u r f i n a n c i a l	c o n d i t i o n , l i q u i d i t y o r

r e s u l t s o f o p e r a t i o n s a r e e x a m p l e s o f f o r w a r d - l o o k i n g s t a t e m e n t s . S u c h s t a t e m e n t s r e f l e c t t h e c u r r e n t v i e w s o f m a n a g e m e n t a n d a r e s u b j e c t t o s e v e r a l r i s k s a n d u n c e r t a i n t i e s .

COMPANY OVERVIEW

Record traffic: 63.5 million passengers in 2023 +11.9% vs 2022

4

KEY VALUE DRIVERS

Highly diversified

asset portfolio

New commercial

projects with

attractive returns

Resilient business

model

Commitment to

Sustainability

Consistent

distributions to

our shareholders

Transparent

regulatory framework

Positive cash flow

and healthy

leverage

SHAREHOLDERS' STRUCTURE

CMA1AENA

66.7%33.3%

AMP2

(Strategic Partner)

15%

1. Controladora Mexicana de Aeropuertos
2. Aeropuertos Mexicanos del Pacífico

Capital Stock

Series BB (AMP):	75,791,620
Series B (Public Float):	429,485,844
Total Shares:	505,277,464

PUBLIC FLOAT

85%

GAP's board members

6 independent

1. non-independent

1. appointed by AMP

81

24 International and 57 domestic

GAP COMPETITIVE ADVANTAGES 2023

Total revenues

Revenues by airport

Passenger distribution

Passenger profile

REGULATORY CHANGES IN MEXICO

RULES FOR TARIFF REGULATION IN MEXICO

• New Formula for Maximum Tariff:

5

= ෍

=1

(	•			−			+

NPV (Net Present Value) Refers to Reference Value					I & C (Capex and Opex)
(RV) of year n					•Investment = Master Development Program (5y
					Mandatory)
					•C = Cost of Operating Expenses, including the
r (Discount Rate)					change of Concession Fee from 5% to 9%
•Changed from Ke to WACC					TV (Terminal Value)
WLU (Work Load Units)					•From year 6 to year 16 considering a g factor over
•Clawback of 3% real vs projection					year 5)
					MT (Maximum Tariff)

10

For full reading of new regulation please consult our Press Release of October 19, 2023.