Grupo Aeroportuario Del Pacifico Announces Guidance for Full Year 2018
January 16 2018 - 6:36AM
Business Wire
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)
(BMV:GAP) (“the Company” or “GAP”) announced today its guidance for
the full year 2018.
Traffic 8% +-
1% Aeronautical Revenue 12% +- 1%
Non-aeronautical Revenue 16% +- 1% Total
Revenue 13% +- 1% EBITDA 11% +- 1%
EBITDA Margin 69% +- 1% CAPEX
Ps. 2.6 billion
- Passenger traffic projections are based
on the consolidation of routes developed to date, estimates for
occupancy load factors, projections for increases in frequencies
and number of seats offered by the airlines.
- Revenue increases are based on traffic
performance, applicable passenger fees, contract terms and current
commercial agreements, as well as the development of other
activities.
- The increase in cost of services
reflects operating requirements needed to meet higher airport
service demand, infrastructure expansions and service quality
improvements, as well as the hiring of additional personnel for the
operations, maintenance, security and cleaning departments.
- CAPEX for GAP’s airports in Mexico will
reach approximately Ps. 1.8 billion, of which around Ps. 1.0
billion will be allocated towards the Master Development Program,
about Ps. 600 million will be for investments to be executed this
year which were postponed in 2017 and will provide higher
operational capacity, while approximately Ps. 200 million will be
allocated towards commercial investments. Investments at the
Montego Bay airport in Jamaica under the Capital Development
Program will reach Ps. 800 million.[BEGIN TEXT BOX]
These figures are based on the Company’s current expectations
for domestic and international aeronautical industry growth in
2018, supported by GAP’s medium- and long-term strategy and
business fundamentals.
These figures are estimates based on current assumptions that
the Company’s management believes are reasonable. Many of the
factors affecting these assumptions and the estimates on which they
are based are outside of the Company’s control and are subject to
change over the course of the year based on various external
factors including, but not limited to, airline performance,
domestic and international economic conditions and government
regulations. Please refer to GAP’s annual report on Form 20-F for
the year ended December 31, 2016, published in 2017, for a more
extensive list of factors that could affect traffic, revenues and
expenses.
Note: EBITDA (earnings before interest expense, income taxes,
depreciation and amortization) is not a standardized measure of
performance or financial condition under the accounting principles
contained in International Financial Reporting Standards (“IFRS”).
This measure is not comparable to measures used by other
entities.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates
12 airports throughout Mexico’s Pacific region, including the major
cities of Guadalajara and Tijuana, the four tourist destinations of
Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other
mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes,
Mexicali and Los Mochis. In February 2006, GAP’s shares were listed
on the New York Stock Exchange under the ticker symbol “PAC” and on
the Mexican Stock Exchange under the ticker symbol “GAP”. In April
2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias,
S.L., which owns a majority stake of MBJ Airports Limited, a
company operating the Sangster International Airport in Montego
Bay, Jamaica.
This press release may contain forward-looking statements. These
statements 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 financial conditions, liquidity or
results of operations are examples of forward-looking statements.
Such statements 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 accordance with Section 806 of the Sarbanes-Oxley Act of 2002
and article 42 of the “Ley del Mercado de Valores”, GAP has
implemented a “whistleblower” program, which allows
complainants to anonymously and confidentially report suspected
activities that may involve criminal conduct or violations. The
telephone number in Mexico, facilitated by a third party that is in
charge of collecting these complaints, is 01-800-563-0047. The web
site is http://www.lineadedenuncia.com/gap. GAP’s Audit Committee
will be notified of all complaints for immediate investigation.
For more information please visit
www.aeropuertosgap.com.mx
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180116005976/en/
In MéxicoGrupo Aeroportuario del Pacífico, S.A.B. de
C.V.Saúl Villarreal García, Chief Financial OfficerPaulina
Sánchez, Investor Relations OfficerTel: 01 (33) 38801100 ext
20151svillarreal@aeropuertosgap.com.mxpsanchez@aeropuertosgap.com.mxorIn
the U.S.i-advize Corporate CommunicationsMaria
BaronaTel: 212 406 3691/94gap@i-advize.com
Grupo Aeroportuario Del ... (NYSE:PAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Grupo Aeroportuario Del ... (NYSE:PAC)
Historical Stock Chart
From Apr 2023 to Apr 2024