Grupo Aeroportuario del Pacífico B de C : Corporate Presentation Third Quarter 2020

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19.1million

MXP 6.91 billion

311	MXP 4.0 billion

1

27	MXP 1.5 billion

1,603

MXP 2.2 billion

Passengers (thousands)

Source: GAP, AICM, OMA, ASUR

												52
												44
												40
												36
												33
												28
							24				23	25
							22
							21	20	20	21
						19	19
					18
16	16	16	15	16

Source: IATA AirportsIS, GAP

~79.4%

Figures expressed in thousands

Figures expressed in thousands

Airline	Fleet 2020	Fleet 2020
pre-COVIDpost-COVID
	82	84
	37	40
	125	107
*	78	7

Source: Volaris, Viva and Aeromexico 3Q2020 Reports *SCT 3Q20 national fleet statistic

-27.5% seats volume 9M20 vs 9M19

During September 2020, Interjet represented 0.4% of our total passenger traffic

• Infrastructure development to meet future demand and ensure a seamless connection process:

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▪

Second runway New aprons

• Outstanding domestic and international connectivity
• • More direct routes to U.S. than to Mexico City (25)

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30 domestic routes

25 international routes

• Main HUB for Volaris
• First airport in Mexico in terms of full cargo operations
• High potential to recover passenger traffic in the short term, due to mix of passenger profile

• Building will enable migrants in transit to travel without being processed by Mexican Authorities
• Opens possibilities to exploit potential international routes, mainly from the US
• Facilitates the transit of passengers heading to Mexico and international destinations
• Permits in process
• To be concluded at the end of 2022

Figures in millions of pesos

Figures in millions of pesos

Figures in MXN

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UNDER REVIEW

We asked the Authority the reopening of the current Master Development Program. Currently, it is being analyzed with the authorities which investments will be executed in the 2020-2024 period, accordingly with the new passenger traffic needs post COVID-19

2,309,223	2,083,147	2,627,989	2,125,263	779,138	9,924,760	45.5%
1,200,632	1,294,890	761,673	98,598	35,586	3,391,378	15.5%
1,043,430	1,016,012	943,917	108,652	42,104	3,154,115	14.4%
991,503	781,576	519,091	127,043	63,723	2,482,938	11.4%
275,191	157,485	63,683	25,391	24,810	546,560	2.5%
137,061	142,313	69,659	37,426	32,587	419,046	1.9%
136,289	104,915	97,645	19,090	21,469	379,407	1.7%
171,756	98,199	66,582	28,591	9,135	374,263	1.7%
110,693	76,465	104,186	30,923	16,727	338,994	1.6%
122,220	73,522	88,242	18,261	7,757	310,003	1.4%
128,757	98,011	27,673	20,231	8,468	283,140	1.3%
112,637	68,768	25,846	10,555	9,295	227,101	1.0%
6,739,392	5,995,303	5,396,186	2,650,026	1,050,798	21,831,704	100.0%

* Figures are expressed in thousands of pesos with acquisition power as of December 31, 2017

41.9	34.0	21.9	13.0	0.9	111.7
16.2	28.9	34.9	8.9	12.5	101.4
58.1	62.9	56.8	21.9	13.4	213.1

* Figures are expressed in millions of U.S. dollars

UNDER REVIEW

UNDER REVIEW

UNDER REVIEW

UNDER REVIEW

USD 191*	USD 33*

USD 191*	USD 33*

USD 191*

USD 191*

USD 33*

USD 33*

USD 191*	USD 33*

USD 191*
USD 191*
USD 191*	USD 191*
33*
USD 191*
USD 33*
	USD 191*

USD 33*

* 2020 figures include Kingston consolidation

USD 191*

USD 191* USD 191*

USD 33*

USD 33*

Total

RevenueUSD 191*

USD(1) 191*

USD 191*

21

56

77

USD24%33*

1,674

USD 33*

	USD 191*
Total Expenses	6

44

49

39%

1,068

EBITDA

15

12

28

15%	606
USD 33*

Amount

Interest rate

Spread

Maturity

1. On October 19, it was signed a credit refinancing for US$ 95.5 million with Scotiabank Inverlat, S.A., due in January 2021. The new loan will be due in 2024; interest will be payable monthly at an annual fixed rate of 2.063%, structuring fee of 30 basis points and principal payment will be payable at the due date.

1. On October 22, it was signed a credit refinancing with BBVA Bancomer, S.A., due in February 2021, for US$ 95.5 million. The new loan will be due in 2024; interest will be payable monthly at a fixed annual rate of 1.97%, an up-front fee of 60 basis points and the principal payment will be payable at the due date.

(Figures in millions of pesos)

*Exchange rate as of September 30, 2020 $22.4573

36

Saúl Villarreal

Chief Financial Officer [e-mail]

Alejandra Soto

IR & Financial Planning [e-mail]

Gisela Murillo Investors Relations [e-mail]

Website

www.aeropuertosgap.com.mx

Corporate Headquarters

Av. Mariano Otero No. 1249-B 6th floor

Torre Pacífico, Rinconada del Bosque Guadalajara, Jalisco, México. Zip Code 44530

+(52) 33 3880 1100

This document may contain forward-looking statements. These statements are statements that are not historical facts and are based on management's current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such state- ments reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. In considering the performance information contained herein, prospective investors should bear in mind that past performance is not indicative of future results, and there can be no assurance that GAP will achieve comparable results or that the Company will be able to implement its business strategy and approach or achieve its business objectives.