Grupo Aeroportuario del Pacífico Announces Results for the Fourth Quarter of 2016

GUADALAJARA, Mexico--()--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) reported its consolidated results for the quarter ended December 31, 2016. Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). As a result of the acquisition of Desarrollo de Concesiones Aeroportuarias, S.L. (“DCA”) on April 20, 2015, financial and operating information includes the consolidation of the Montego Bay airport on April 1, 2015. Therefore, information for 2016 may not be directly comparable with information for 2015. All peso amounts are presented in nominal pesos.

Summary of 4Q16 vs. 4Q15

  • The sum of aeronautical and non-aeronautical services revenues increased by Ps. 548.2 million, or 27.7%. Total revenues increased by Ps. 699.2 million, or 33.9%.
  • Cost of services increased by Ps.62.8 million, or 14.4%.
  • Operating income increased by Ps. 394.0 million, or 38.3%.
  • EBITDA increased by Ps. 422.6 million, or 31.6%. EBITDA margin (excluding the effects of IFRIC 12) increased from 67.7% in 4Q15 to 69.7% in 4Q16.

Net income and comprehensive income increased by Ps. 270.7 million, or 28.0%.

For the full version of this report please visit www.aeropuertosgap.com.mx.

For more information please visit www.aeropuertosgap.com.mx.

Contacts

In Mexico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Saúl Villarreal García, Chief Financial Officer
Paulina Sánchez, Investor Relations Manager
01 (33) 38801100 ext 20151
svillarreal@aeropuertosgap.com.mx
psanchez@aeropuertosgap.com.mx
or
In the U.S.
i-advize Corporate Communications
Maria Barona, 212 406 3691
or
Camilla Ferreira, 212 406 3695
gap@i-advize.com

Contacts

In Mexico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Saúl Villarreal García, Chief Financial Officer
Paulina Sánchez, Investor Relations Manager
01 (33) 38801100 ext 20151
svillarreal@aeropuertosgap.com.mx
psanchez@aeropuertosgap.com.mx
or
In the U.S.
i-advize Corporate Communications
Maria Barona, 212 406 3691
or
Camilla Ferreira, 212 406 3695
gap@i-advize.com