OMA Reports Second Quarter 2007 Results

MONTERREY, NL., Mexico, July 27 /PRNewswire/ -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., or OMA, reported its unaudited, preliminary second quarter 2007 results today.

                         2Q06      2Q07   Var.%     1Q06      1Q07   Var.%
    Terminal passengers
     (million)           2.8       3.5    22.6      5.8       6.8    18.5
    Revenues
     (Ps. million)       407       460    12.9      803       895    11.5
    Income from
     operations          148       184    24.5      323       356    10.2
    Net Income           150       152     1.2      267       275     3.2
    EPS (Ps.)           0.38      0.38    (0.8)    0.68      0.69     1.2
    EPADS (US$)         0.28      0.28    (0.8)    0.50      0.51     1.2

    Adjusted EBITDA
     (Ps. million)       209       256    22.7      437       499    14.3
       Adjusted EBITDA
            margin      51.2%     55.7%            54.4%     55.8%


    Highlights
    Second Quarter 2007 vs. Second Quarter 2006
    -- Passenger traffic totaled 3.5 million, an increase of 22.6%.
    -- Total net revenues increased 12.9% to Ps. 460 million.
    -- Operating income increased 24.5%.
    -- EBITDA rose 22.7% to Ps. 256 million, equivalent to a 55.7% margin.
    -- Net income increased 1.2% to Ps. 152 million. Earnings per share were
       Ps. 0.38, and earnings per American Depositary Share (ADS) were
       US$0.28.
    -- Capital expenditures were Ps. 138.1 million.

    January - June 2007 vs. Six Months 2006
    -- Passenger traffic was 6.8 million, and increase of 18.5%.
    -- Total net revenues increased 11.5% to Ps. 895 million.
    -- Operating income increased 10.2%.
    -- EBITDA grew 14.3% to Ps. 499 million, equivalent to a 55.8% margin.
    -- Net income increased 3.2% to Ps. 275 million. Earnings per share were
       Ps. 0.69, and earnings per American Depositary Share (ADS) were
       US$0.51.
    -- Capital expenditures were Ps. 318.9 million.

During the second quarter of 2007, total passenger traffic increased 22.6%, as a result of an increase in domestic passenger traffic that offset a decrease in international traffic. The airports with the highest traffic growth were Monterrey, Culiacan, Chihuahua, Ciudad Juarez, and Torreon.

Total net revenues during the second quarter of 2007 were Ps. 459.9 million, a 12.9% increase as compared to the second quarter of 2006. Aeronautical net revenues increased 14.0%, or Ps. 45.9 million, as compared to the second quarter of 2006. Non-aeronautical revenues increased Ps. 6.6 million, or 8.3%. The mix of revenues in the second quarter of 2007 was 81.2% aeronautical revenues and 18.8% non-aeronautical revenues.

Total costs and operating expenses were Ps. 275.5 million in the second quarter of 2007, an increase of 6.3%, as compared to the same period of 2006, principally because of increased depreciation and amortization charges and higher technical assistance expenses. Cost of services and administrative expenses, which are the direct result of the company's operating activities, declined by 0.1% in the second quarter of 2007, compared to the prior year period.

Operating income was Ps. 184.4 million in the second quarter of 2007, an increase of 24.5% as compared to the prior year period. OMA's Adjusted EBITDA, which is equivalent to UAFIDA under Mexican Financial Information Norms, increased 22.7% during the second quarter of 2007 to Ps. 256.2 million.

Net income in the second quarter of 2007 rose to Ps. 151.9 million, an increase of 1.2% as compared to Ps. 150 million in the second quarter of 2006. Earnings per share were Ps. 0.38, and earnings per ADS were US$0.28.

OMA's full earnings report is available at http://ir.oma.aero.

OMA will hold a conference call on July 27, 2007 at 10:00 am EDT, 9:00 am Mexico City time, to discuss the second quarter 2007 earnings.

The conference call is accessible by calling (800) 922-9655 toll-free from the U.S. or +1 (973) 935-2407 from outside the U.S. The confirmation code is 9051538. A taped replay will be available through August 3, 2007 at (877) 519- 4471 toll free or +1 (973) 341-3080.

The conference call will also be available by webcast at http://ir.oma.aero/events.cfm.