GUADALAJARA, Mexico -- (Business Wire)
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP)
(“the Company” or “GAP”) announces the Company’s expected guidance for
the twelve-month 2013 period (January 1 to December 31, 2013):
Traffic: Increase of 4.5%–5.5%
Aeronautical Revenue: Increase of 6.0%-7.0%
Non-Aeronautical Revenue: Increase of 10.5%-13.5%; with an increase in
Commercial Revenues of 11.5%-13.0%
Total Revenue: Increase of 7.0%-8.5%
Cost of Services: Increase of 8.5%-9.5%
EBITDA margin of 66.5% to 67.5%
EBITDA: Increase of 6.0% to 8.5%
Cash Tax: 30%
Total CAPEX: Ps. 655 million
GAP is in the process of negotiations with certain airlines that, as of
December 31, 2012, were not included in the baggage screening system
service. The cost related with this service has been and will continue
to be recovered through a tariff that generates revenue included in Cost
of Services and Total Revenues, included in the Recovery of Expenses
line item of Non-Aeronautical Revenues. In the event that the Company is
not be able to reach an agreement with these airlines, the guidance
related with Non-Aeronautical Revenue, Total Revenue, Cost of Services
and EBITDA, could vary.
The above figures are estimates based on assumptions that management
believes are reasonable and are subject to change over the course of the
year based on various factors including: airline performance, domestic
and international economic conditions, government regulations, and any
other factors that could affect GAP’s traffic and financial results.
Please refer to GAP’s Annual Report on Form 20-F for a more extensive
list of factors that could affect results.
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.
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”.
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. Management undertakes no obligation to publicly update its
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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.lineadenuncia.org/gap.
GAP’s Audit Committee will be notified of all complaints for immediate
For more information please visit www.aeropuertosgap.com.mx
Follow us on Twitter:http://twitter.com/aeropuertosGAP
Grupo Aeroportuario del Pacífico, S.A.B.
Miguel Aliaga, Investor Relations Officer
Guzmán, Chief Financial Officer
Tel: 52 (33) 38801100
i-advize Corporate Communications
Barona / Peter Majeski
Source: Grupo Aeroportuario del Pacífico, S.A.B. de C.V.