Grupo Aeroportuario del Pacifico Announces Master Development Program and Maximum Tariffs for Its Mexican Airports for the 2025-2029 Period
August 27 2024 - 6:26PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV:
GAP) (“the Company” or “GAP”) that it has concluded the ordinary
review process for the Master Development Program (“MDP”) and
Maximum Tariffs for its airports in Mexico, approved by the
Ministry of Infrastructure, Communications and Transportation
(Secretaría de Infraestructura, Comunicaciones y Transportes
“SICT”), through the Federal Civil Aviation Agency (Agencia Federal
de Aviación Civil “AFAC”) for the 2025-2029 period.
The maximum tariffs per workload unit for each
airport were determined by the AFAC, based on projections for
traffic, operating costs, and capital investments included in the
Master Development Program, as well as the Reference Values and
discount rate, following the parameters established in Annex 7 of
the Concession Agreements, that contain the Rules for Tariff
Regulation in force since October 19, 2023.
The applicable maximum tariffs per workload unit
for each airport were the following:
Airport |
2025 |
2026 |
2027 |
2028 |
2029 |
Guadalajara |
349.44 |
346.65 |
343.87 |
341.12 |
338.39 |
Tijuana |
266.45 |
264.31 |
262.20 |
260.10 |
258.02 |
Los Cabos |
524.20 |
520.01 |
515.85 |
511.72 |
507.63 |
Puerto Vallarta |
522.06 |
517.88 |
513.74 |
509.63 |
505.55 |
Guanajuato |
349.61 |
346.82 |
344.04 |
341.29 |
338.56 |
Mexicali |
252.45 |
250.43 |
248.43 |
246.44 |
244.47 |
La Paz |
287.13 |
284.83 |
282.55 |
280.29 |
278.05 |
Morelia |
412.49 |
409.19 |
405.92 |
402.67 |
399.45 |
Hermosillo |
261.29 |
259.20 |
257.13 |
255.07 |
253.03 |
Aguascalientes |
270.36 |
268.20 |
266.05 |
263.93 |
261.81 |
Los Mochis |
296.10 |
293.73 |
291.38 |
289.05 |
286.74 |
Manzanillo |
357.18 |
354.32 |
351.49 |
348.67 |
345.88 |
Figures are expressed in pesos as of December
31, 2023.
The tariffs were adjusted by an annual
efficiency factor of 0.8% and are expressed in Mexican pesos as of
December 31, 2023, following the document received from the
Authority, they will be updated per the National Producer Price
Index (NPPI), excluding petroleum.
Committed investments, in accordance with the
Master Development Programs approved by the authorities, are
expressed in thousands of pesos with acquisition power as of
December 31, 2022. As such, these will be updated per the National
Producer Price Index (NPPI), construction sector, upon
execution:
Airport |
2025 |
2026 |
2027 |
2028 |
2029 |
TOTAL |
Guadalajara |
7,601,906 |
4,211,520 |
4,052,576 |
1,152,143 |
1,866,324 |
18,884,469 |
Tijuana |
1,319,298 |
1,513,110 |
1,737,794 |
1,869,573 |
1,530,802 |
7,970,578 |
Los Cabos |
392,758 |
641,898 |
1,385,112 |
1,503,495 |
1,690,881 |
5,614,145 |
Puerto Vallarta |
361,826 |
125,201 |
464,056 |
724,774 |
1,241,881 |
2,917,739 |
Guanajuato |
614,078 |
263,857 |
444,215 |
353,710 |
683,852 |
2,359,711 |
Mexicali |
236,434 |
264,840 |
213,180 |
263,753 |
339,901 |
1,318,108 |
La Paz |
34,599 |
48,885 |
117,597 |
178,867 |
483,348 |
863,296 |
Morelia |
36,598 |
84,913 |
130,706 |
181,495 |
418,526 |
852,239 |
Hermosillo |
87,518 |
21,217 |
102,148 |
252,670 |
388,066 |
851,620 |
Aguascalientes |
43,264 |
39,150 |
76,915 |
156,982 |
360,532 |
676,843 |
Los Mochis |
188,421 |
53,522 |
42,235 |
108,879 |
94,014 |
487,072 |
Manzanillo |
29,970 |
92,704 |
21,559 |
105,752 |
139,155 |
389,139 |
TOTAL |
10,946,670 |
7,360,817 |
8,788,093 |
6,852,096 |
9,237,283 |
43,184,959 |
Figures are expressed in thousands of pesos as
of December 31, 2022.
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 Concessioner Aeroportuarias, S.L., which owns a majority stake
in MBJ Airports Limited, a company operating Sangster International
Airport in Montego Bay, Jamaica. In October 2018, GAP entered into
a concession agreement for the Norman Manley International Airport
operation in Kingston, Jamaica, and took control of the operation
in October 2019.
This press release 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 financial
condition, 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 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 involve criminal conduct or violations.
The telephone number in Mexico, facilitated by a third party
responsible for collecting these complaints, is 800 04 ETICA
(38422) or WhatsApp +52 55 6538 5504. The website is
www.lineadedenunciagap.com or by email at
denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be
notified of all complaints for immediate investigation.
Alejandra
Soto, Investor Relations and Social Responsibility Officer |
asoto@aeropuertosgap.com.mx |
Gisela Murillo, Investor Relations |
gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294 |
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