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ASUR 2Q08 Passenger Traffic Up 9.59% YOY

Written by thomas · Filed Under Commercial 

July 24, 2008

thomas

ASUR 2Q08 Passenger Traffic Up 9.59% YOY

MEXICO CITY, July 24 /PRNewswire-FirstCall/ — Grupo Aeroportuario del
Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR), (ASUR) the first privatized
airport group in Mexico and operator of Cancun Airport and eight other
airports in southeast Mexico, today announced results for the three-month
period ended June 30, 2008.

2Q08 Highlights(1):

— EBITDA(2) increased by 19.75% to Ps.531.9 million.

— Total passenger traffic was up 9.59%.

— Total revenues rose by 11.78%, mainly due to increases of 21.43% in
non-aeronautical revenues and 7.35% in aeronautical revenues.

— Commercial revenues per passenger rose by 12.66% to Ps.49.29 per
passenger.

— Operating profit increased by 20.73%.
— EBITDA margin was 65.78% compared with 61.40% in 2Q07.

(1) Unless otherwise stated, all financial figures discussed in this
announcement are unaudited, prepared in accordance with Mexican Financial
Reporting Standards and represent comparisons between the three-month
periods ended June 30, 2008, and the equivalent three-month period ended
June 30, 2007. Results for 2Q07 and 1H07 are expressed in constant Mexican
pesos as of December 31, 2007, while 2Q08 and 1H08 results are in nominal
pesos. Tables state figures in thousands of pesos, unless otherwise noted.
Passenger figures exclude transit and general aviation passengers.
Commercial revenues include revenues from the activities of non-permanent
ground transportation and parking lots. All U.S. dollar figures are
calculated at the exchange rate of US$1 = Ps.10.3069.

(2) EBITDA means net income before: provision for taxes, deferred
taxes, deferred employees profit sharing, non-ordinary items, comprehensive
financing cost, and depreciation and amortization. EBITDA should not be
considered as an alternative to net income, as an indicator of our
operating performance, or as an alternative to cash flow as an indicator of
liquidity. Our management believes that EBITDA provides a useful measure of
our performance that is widely used by investors and analysts to evaluate
our performance and compare it with other companies. EBITDA is not defined
under U.S. GAAP, and may be calculated differently by different companies.

Passenger Traffic

For the second quarter of 2008, total passenger traffic increased
year-over-year by 9.59%. Domestic passenger traffic increased by 8.37% and
international passenger traffic rose by 10.53%.

The 10.53% rise in international passenger traffic resulted mainly from
an increase of 11.74% at Cancun airport.

The 8.37% rise in domestic passenger traffic resulted mainly from
increases of 9.18%, 32.42%, 12.07%, 11.55% and 18.50%, at the Cancun,
Cozumel, Merida, Oaxaca and Villahermosa airports, respectively. It is
worth noting that the Easter and Holy week holidays, both of which fell in
the first quarter this year, fell in the second quarter in 2007.

For 1H08, total passenger traffic rose by 13.91% compared to 1H07, with
international passenger traffic up 16.88% and domestic passenger traffic up
12.00%.

Table I. Domestic Passengers (in thousands)

%                          %
Airport          2Q07     2Q08   change   1H07      1H08   change

Cancun                  815.8    890.7    9.18  1,419.4  1,675.8   18.06
Cozumel                  18.2     24.1   32.42     32.5     47.8   47.08
Huatulco                 82.7     65.5  (20.80)   148.3    130.3  (12.14)
Merida                  270.1    302.7   12.07    503.8    617.4   22.55
Minatitlan               48.2     40.3  (16.39)    90.8     78.7  (13.33)
Oaxaca                  110.8    123.6   11.55    216.3    254.6   17.71
Tapachula                48.9     58.8   20.25    101.1    119.9   18.60
Veracruz                231.1    235.8    2.03    422.0    457.5    8.41
Villahermosa            201.6    238.9   18.50    369.8    479.8   29.75
TOTAL     1,827.4  1,980.4    8.37  3,304.0  3,861.8   16.88

Note: Passenger figures exclude transit and general aviation passengers.

Table II. International Passengers (in thousands)

%                          %
Airport          2Q07     2Q08   change   1H07      1H08   change

Cancun                 2,172.2  2,427.3   11.74  4,687.7  5,290.8  12.87
Cozumel                  126.8    131.8    3.94    270.4    281.3   4.03
Huatulco                  11.9      7.6  (36.13)    54.6     57.9   6.04
Merida                    30.8     25.7  (16.56)    67.3     61.1  (9.21)
Minatitlan                 1.2      1.1   (8.33)     1.9      2.1  10.53
Oaxaca                     9.8      9.9    1.02     19.4     23.4  20.62
Tapachula                  1.1      0.9  (18.18)     2.3      2.2  (4.35)
Veracruz                  17.1     16.8   (1.75)    32.1     34.2   6.54
Villahermosa              11.9     12.6    5.88     23.2     25.1   8.19
TOTAL      2,382.8  2,633.7   10.53  5,158.9  5,778.1  12.00

Note: Passenger figures exclude transit and general aviation passengers.

Table III. Total Passengers (in thousands)

%                          %
Airport          2Q07     2Q08   change   1H07      1H08   change

Cancun                2,988.0  3,318.0   11.04  6,107.1  6,966.6   14.07
Cozumel                 145.0    155.9    7.52    302.9    329.1    8.65
Huatulco                 94.6     73.1  (22.73)   202.9    188.2   (7.24)
Merida                  300.9    328.4    9.14    571.1    678.5   18.81
Minatitlan               49.4     41.4  (16.19)    92.7     80.8  (12.84)
Oaxaca                  120.6    133.5   10.70    235.7    278.0   17.95
Tapachula                50.0     59.7   19.40    103.4    122.1   18.09
Veracruz                248.2    252.6    1.77    454.1    491.7    8.28
Villahermosa            213.5    251.5   17.80    393.0    504.9   28.47
TOTAL     4,210.2  4,614.1    9.59  8,462.9  9,639.9   13.91

Note: Passenger figures exclude transit and general aviation passengers.

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