6-K

SOUTHEAST AIRPORT GROUP (ASR)

6-K 2024-04-23 For: 2024-04-22
View Original
Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2024

GRUPO AEROPORTUARIO DEL SURESTE, S.A.B. de C.V.

(SOUTHEAST AIRPORT GROUP)

(Translation of Registrant’s Name Into English)

México

(Jurisdiction of incorporation or organization)

Bosque de Alisos No. 47A– 4th Floor

Bosques de las Lomas

05120 México, D.F.

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F <br> x Form 40-F ¨

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ¨ No x

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Grupo Aeroportuario del Sureste, S.A.B. de C.V.
By: /s/ ADOLFO CASTRO RIVAS
Adolfo Castro Rivas
Chief Executive Officer

Date: April 22, 2024

Exhibit99.1

ASURReports 1Q24 Financial Results

Total passenger traffic in 1Q24 increased 3.9% YoY

Mexico City,April 22, 2024 – Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR; BMV: ASUR) (ASUR), a leading international airport group with operations in Mexico, the U.S., and Colombia, today announced results for the three-month period ended March 31, 2024.

1Q24Highlights^1^

· Total<br> passenger traffic increased 3.9% year-over-year. By country of operations, passenger traffic<br> showed the following YoY variations:
· Mexico:<br> increased by 3.8%, reflecting growth of 9.4% in international traffic partially offset by<br> a decline of 3.5% in domestic traffic.
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· Puerto<br> Rico (Aerostar): increased by 12.2%, resulting from increases of 11.1% and 23.0% in domestic<br> and international traffic, respectively.
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· Colombia<br> (Airplan): decreased 2.1%, a 6.7% decline in domestic traffic mainly driven by the suspension<br> of operations of Viva Air and Ultra Air in 1Q23, partially offset by an 18.6% increase in<br> international traffic.
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· Revenues<br> increased 15.3% YoY to Ps.7,434.9 million. Excluding construction revenue, revenues increased<br> 13.9% compared to 1Q23.
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· Consolidated<br> commercial revenue per passenger increased YoY to Ps.124.9.
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Table 1: Financial & Operational Highlights ^1^
--- --- --- ---
First Quarter % Chg
2023 2024
Financial Highlights
Total Revenue 6,449,409 7,434,907 15.3
Mexico 4,775,146 5,646,112 18.2
San<br> Juan 1,010,943 1,033,582 2.2
Colombia 663,320 755,213 13.9
Commercial Revenues per PAX 123.2 124.9 1.4
Mexico 147.0 145.3 (1.2)
San<br> Juan 144.7 141.8 (2.0)
Colombia 42.3 50.2 18.7
EBITDA 4,530,402 5,122,940 13.1
Net<br> Income 2,602,245 3,186,754 22.5
Majority Net Income 2,512,362 3,082,091 22.7
Earnings<br> per Share (in pesos) 8.3745 10.2736 22.7
Earnings<br> per ADS (in US$) 5.0656 6.2143 22.7
Capex 142,994 182,584 27.7
Cash &<br> Cash Equivalents 15,108,235 16,822,986 11.3
Net<br> Debt (1,593,945) (5,073,921) 218.3
Net<br> Debt/ LTM EBITDA (0.1) (0.3) 207.7
Operational Highlights
Passenger<br> Traffic
Mexico 11,073,291 11,496,410 3.8
San<br> Juan 2,907,038 3,261,896 12.2
Colombia 3,885,317 3,804,230 (2.1)
· Consolidated<br> EBITDA increased 13.1% YoY to Ps.5,122.9 million.
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· Adjusted<br> EBITDA margin (excluding the effect of IFRIC 12) at 71.4% from 71.9% in 1Q23.
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· Cash<br> and equivalents at year-end of Ps.16,822.9 million with Net Debt to EBITDA LTM at negative 0.3x.
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· On<br> April 15, 2024, ASUR published its Sustainability Report 2023, filed its Annual Report<br> 2023 in Form 20-F with the US S.E.C and the Circular Unica 2023 with the Mexican Stock<br> Exchange and regulator.
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1Q24 EarningsCall

**Day:**Tuesday, April 23, 2024, at 10:00 AM ET; 8:00 AM Mexico City time

**Dial-in:**1-877-407-4018 (Toll-Free) and 1-201-689-8471 (International)

**Access Code:**13745942

Replay: Tuesday, April 23, 2024, at 2:00 PM ET, ending at 11:59 PM ET on Tuesday, April 30, 2024. Dial-in: 1-844-512-2921 (Toll-Free); 1-412-317-6671 (International). Access Code: 13745942

^1^Unless otherwise stated, all financial figures discussed in this press release are unaudited, prepared in accordance with International Financial Reporting Standards (IFRS), and represent comparisons between the three-month period ended March 31, 2024, and the equivalent three-month period ended March 31, 2023. All figures in this report are expressed in Mexican pesos, unless otherwise noted. Tables state figures in thousands of Mexican pesos, unless otherwise noted. Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, unless otherwise noted. Commercial revenues include revenues from non-permanent ground transportation and parking lots. All U.S. dollar figures are calculated at the exchange rate of US$1.00 = Mexican Ps. 16.5323 (source: Diario Oficial de la Federación de México), while Colombian peso figures are calculated at the exchange rate of COP.232.6400 = Mexican Ps.1.00 (source: Investing). Definitions for EBITDA, Adjusted EBITDA Margin, Majority Net Income can be found on page 18 of this report.

PassengerTraffic

ASUR 1Q24 Page 1 of 25

During 1Q24, ASUR's total passenger traffic increased 3.9% year-over-year to 18.6 million.

Total passenger traffic in Mexico increased 3.8% year-over-year to 11.5 million in 1Q24, driven by increases of 9.4% in international traffic, partially offset by a decrease of 3.5% in domestic traffic.

In Puerto Rico, total passenger traffic increased 12.2% year-over-year to 3.3 million in 1Q24, mainly driven by increases of 11.1% in domestic traffic and 23.0% in international traffic.

Total passenger traffic in Colombia for 1Q24 declined 2.1% year-over-year to 3.8 million passengers, driven by a 6.7% decrease in domestic traffic, mainly due to the suspension of Viva Air and Ultra Air operations since 1Q23. International traffic increased by 18.6% in the period.

On page 20 of this report, you will find the tables with detailed information on passenger traffic for each airport.

Table 2: Passenger Traffic Summary
First Quarter % Chg
2023 2024
Total México 11,073,291 11,496,410 3.8
-<br> Cancun 8,484,698 8,730,091 2.9
-<br> 8 Other Airports 2,588,593 2,766,319 6.9
Domestic Traffic 4,784,188 4,615,085 (3.5)
-<br> Cancun 2,596,480 2,319,681 (10.7)
-<br> 8 Other Airports 2,187,708 2,295,404 4.9
International Traffic 6,289,103 6,881,325 9.4
-<br> Cancun 5,888,218 6,410,410 8.9
-<br> 8 Other Airports 400,885 470,915 17.5
Total San Juan, Puerto Rico 2,907,038 3,261,896 12.2
Domestic<br> Traffic 2,641,929 2,935,940 11.1
International<br> Traffic 265,109 325,956 23.0
Total Colombia 3,885,317 3,804,230 (2.1)
Domestic<br> Traffic 3,176,155 2,963,460 (6.7)
International<br> Traffic 709,162 840,770 18.6
Total Traffic 17,865,646 18,562,536 3.9
Domestic<br> Traffic 10,602,272 10,514,485 (0.8)
International<br> Traffic 7,263,374 8,048,053 10.8
Note:<br> Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, while Puerto Rico includes transit passengers<br> and general aviation.

Table3: % YoY Change in Passenger Traffic 2024 & 2023

Region January February March Total
México 2.6% 5.7% 3.4% 3.8%
Domestic<br> Traffic (2.2%) (1.3%) (6.8%) (3.5%)
International<br> Traffic 6.3% 10.9% 11.1% 9.4%
Puerto Rico 8.2% 12.6% 16.0% 12.2%
Domestic<br> Traffic 6.7% 12.0% 14.9% 11.1%
International<br> Traffic 23.1% 17.9% 27.1% 23.0%
Colombia (10.1%) (3.4%) 9.4% (2.1%)
Domestic<br> Traffic (14.1%) (7.8%) 3.6% (6.7%)
International<br> Traffic 6.6% 16.9% 37.7% 18.6%
Total 0.5% 4.8% 6.6% 3.9%
Domestic<br> Traffic (3.7%) (0.1%) 1.6% (0.8%)
International<br> Traffic 6.9% 11.7% 13.9% 10.8%

ASUR 1Q24 Page 2 of 25

SustainabilityUpdate

On April 15, 2024, ASUR published its Sustainability Report 2023 outlining the Company’s initiatives that contribute to the specific targets of the 13 Sustainable Development Goals. The report was prepared in accordance with GRI standards and the specific sector supplement for airport operators, and also addresses the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and covers the indicators of the Sustainability Accounting Standards Board (SASB) applicable to the professional and commercial services sector.

ASUR maintains a diverse and independent board of directors made up of 11 members, of whom three are women. In 2022, the Sustainability Committee was created, which reports directly to the Board of Directors. The Chairwoman of the Sustainability Committee is a member of the Board of Directors. At the operational level, sustainability and social responsibility activities are the responsibility of the Strategic Planning and Corporate Governance Department.

Key 2023 initiatives include:

Governance

· Implemented<br> ASUR’s Sustainable Development Policy, which contains the Company’s principles<br> and guidelines for action regarding environmental protection, social justice, and economic<br> prosperity.
· Implemented<br> its Equality, Diversity, and Inclusion Policy.
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· Incorporated<br> sustainable development principles into the mission, vision and values of the Company.
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· Introduced<br> a series of additional procedures and policies related to cybersecurity to continue<br> improving the management of potential issues and guaranteeing the integrity of the relevant<br> information for stakeholders.
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Environmental

· Reduced<br> net water consumption by 12% YoY.
· Achieved<br> a 4% YoY reduction in carbon intensity of operations in Mexico.
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· Formally<br> committed to the Science Based Targets initiative, setting emissions objectives for<br> net-zero.
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· ASUR’s<br> nine Mexican airports advanced to level-2 under the Airport Carbon Accreditation certification<br> program, which requires a reduction in greenhouse gas (GHG) emissions compared to the baseline;<br> its airport in Puerto Rico also achieved level 1, with the creation and measurement of its<br> GHG inventory.
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· Began<br> involving suppliers and contractors in its value chain, in accordance with the guidelines<br> of the US Environmental Protection Agency, regarding the scope-3 emissions in ASUR’s<br> 16 airports. Expect to have this process completed by 2025.
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· Started<br> to build alliances with research institutions to collaborate on various projects focusing<br> on habitat conservation and restoration, as well as environmental education.
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Social

· In<br> terms of human rights, in alliance with other organizations in the aviation industry,<br> the Company has begun working on a program to prevent human trafficking in its airports.<br> ASUR is the first airport group in Mexico to have joined such initiatives.
· Started<br> reporting the results of its social investment program in communities in the southeast<br> of Mexico which aims to support economic inclusion through sustainable tourism and environmental<br> conservation.
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ASUR 1Q24 Page 3 of 25
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Reviewof Consolidated Results

Table 4: Summary of Consolidated Results
**** First Quarter % Chg
**** 2023 2024
Total Revenues 6,449,409 7,434,907 15.3
Aeronautical Services 3,877,418 4,643,637 19.8
Non-Aeronautical Services 2,422,612 2,534,837 4.6
Total Revenues Excluding Construction Revenues 6,300,030 7,178,474 13.9
Construction Revenues 149,379 256,433 71.7
Total Operating Costs & Expenses 2,435,758 2,855,684 17.2
Other Revenues 0 0 0.0
Operating Profit 4,013,651 4,579,223 14.1
Operating Margin 62.2% 61.6% (64 bps)
Adjusted Operating Margin ^1^ 63.7% 63.8% 8 bps
EBITDA 4,530,402 5,122,940 13.1
EBITDA Margin 70.2% 68.9% (34 bps)
Adjusted EBITDA Margin ^2^ 71.9% 71.4% (55 bps)
Net income 2,602,245 3,186,754 22.5
Net majority income 2,512,362 3,082,091 22.7
Earnings per Share 8.3745 10.2736 22.7
Earnings per ADS in US$ 5.0656 6.2143 22.7
Total Commercial Revenues per Passenger ^3^ 123.2 124.9 1.4
Commercial Revenues 2,228,375 2,336,434 4.8
Commercial Revenues from Direct Operations per Passenger ^4^ 24.1 23.8 (1.1)
Commercial Revenues Excl. Direct Operations per Passenger 99.1 101.1 2.0

1 Adjusted operating margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets in Mexico, Puerto Rico and Colombia and is equal to operating income divided by total revenues minus revenues from construction services.

2 Adjusted EBITDA Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets in Mexico, Puerto Rico and Colombia, and is calculated by dividing EBITDA by total revenues less construction services revenues.

3 Passenger figures include transit and general aviation passengers Mexico, Puerto Rico and Colombia.

4 Represents ASUR´s operations in convenience stores

ConsolidatedRevenues

ConsolidatedRevenues increased 15.3% year-over-year, or Ps.985.5 million, to Ps.7,434.9 million, mainly due to the following variations:

· A<br> 71.7%, or Ps.107.0 million, year-over-year increase in construction services revenues to<br> Ps.256.4 million, principally in Mexico,
· A<br> 19.8% increase in revenues from aeronautical services to Ps.4,643.6 million. Mexico contributed<br> Ps.3,585.5 million, while Puerto Rico and Colombia accounted for Ps.502.6 million and Ps.555.5<br> million, respectively; and
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· A<br> 4.6% increase in revenues from non-aeronautical services to Ps.2,534.8 million. Mexico contributed<br> Ps.1,874.1 million, while Puerto Rico and Colombia accounted for Ps.464.7 million and Ps.196.0<br> million, respectively.
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Excluding revenues from construction services, for which an equivalent expense is recorded under IFRS accounting standards, total revenues would have increased 13.9% year-over-year to Ps.7,178.5 million.

Excluding revenues from construction services, Mexico represented 76.1% of ASUR´s total revenues in 1Q24, while Puerto Rico and Colombia represented 13.5% and 10.4%, respectively.

CommercialRevenues in 1Q24 increased 4.8% YoY to Ps.2,336.4 million, mainly reflecting the 3.9% increase in passenger traffic (including transit and general aviation passengers). Commercial revenue growth was driven by increases of 2.6% to Ps.1,678.4 million in Mexico, 10.0% to Ps.462.6 million in Puerto Rico and 13.9% to Ps.195.4 million in Colombia.

CommercialRevenues per Passenger increased YoY to Ps.124.9 in 1Q24, from Ps.123.2 in 1Q23.

ASUR<br> 1Q24 Page 4 of 25

ConsolidatedOperating Costs and Expenses

ConsolidatedOperating Costs and Expenses, including construction costs, increased 17.2% year-over-year, or Ps.419.9 million, to Ps.2,855.7 million in 1Q24.

Excluding construction costs, operating costs and expenses increased 13.7%, or Ps.312.9 million, due to the following factors:

· Mexico:<br> increased 19.2%, or Ps.260.0 million, mainly due to higher costs in connection to personnel,<br> concession fees, security and cleaning services, maintenance and conservation, professional<br> fees together with higher energy costs, taxes and duties.
· Puerto<br> Rico: declined 0.4%, or Ps.2.3 million, mainly due to a 6.9% YoY decline in depreciation<br> and amortization resulting from the foreign exchange translation impact and the reversal<br> of provisions associated with employee benefits, partially offset by increases in concession<br> fees, professional fees and materials and supplies.
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· Colombia:<br> increased 16.6%, or Ps.55.1 million, mainly due to increases in maintenance and conservation,<br> personnel costs, taxes and duties, security and cleaning services, insurance and bonds, energy<br> costs and concession fees.
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Costof Services increased 9.4%, or Ps.105.7 million, year-over-year mainly due to increases in personnel costs, surveillance and cleaning services, maintenance and conservation, professional fees, insurance and bonds, higher cost of revenues from concession stores operated directly by ASUR, electric energy and taxes and duties.

ConstructionCosts increased 71.7% YoY, or Ps.107.0 million. This was mainly driven by a year-over-year increase of 123.4%, or Ps.103.0 million, in construction costs in Mexico, and 10.7%, or Ps.6.4 million, in Puerto Rico, partially offset by a decrease of 39.1%, Ps.2.4 million, in construction costs in Colombia.

AdministrativeExpenses that reflect administrative costs in Mexico increased 2.3% year-over-year.

ConsolidatedTechnical Assistance decreased by 44.1% year-on-year, as the technical assistance fee decreased from 5% to 2.5% as of January 1, 2024.

ConcessionFees increased 69.5% YoY, on a consolidated basis principally due to increases of 117.5% in Mexico due to an increase in the concession fee from 5% to 9% as of January 1, 2024, and 14.8% in Colombia as a result of higher regulated and unregulated revenues, and 1.4% in Puerto Rico.

Depreciationand Amortization increased 5.2% YoY, or Ps.27.0 million, principally due to an increase of 12.9%, or Ps.32.9 million in Mexico and 6.3%, or Ps.5.7 million in Colombia, partially offset by a decrease of 6.9%, or Ps.11.7 million, in Puerto Rico.

ConsolidatedOperating Profit and EBITDA

ASUR reported a Consolidated Operating Profit of Ps.4,579.2 million in 1Q24, representing an operating margin of 61.6%, compared to Ps.4,013.6 million and an operating margin of 62.2% in 1Q23.

AdjustedOperating Margin was 63.8% in 1Q24 compared to 63.7% in 1Q23. Adjusted Operating Margin excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets in Mexico, Colombia, and Puerto Rico, which is calculated as operating profit or loss divided by total revenue minus revenue from construction services.

EBITDAincreased 13.1%, or Ps.592.5 million, to Ps.5,122.9 million in 1Q24, from Ps.4,530.4 million in 1Q23. By country of operations, EBITDA increased by 15.0% or Ps.540.9 million to Ps.4,134.9 million in Mexico, and 1.3%, or Ps.6.8 million, to Ps.527.0 million in Puerto Rico and 10.8%, or Ps.44.9 million, to Ps.461.0 million in Colombia.

ConsolidatedEBITDA margin in 1Q24 was 68.9% compared to 70.2% in 1Q23.

AdjustedEBITDA Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets in Mexico, Puerto Rico, and Colombia, was 71.4% in 1Q24, compared to 71.9% in 1Q23.

ASUR 1Q24 Page 5 of 25

ConsolidatedComprehensive Financing Gain (Loss)

Table 5: Consolidated Comprehensive Financing Gain (Loss)
First Quarter % Chg
2023 2024
Interest Income 265,060 409,725 54.6
Interest Expense (305,992) (255,402) (16.5)
Foreign Exchange Gain (Loss), Net (486,908) (196,365) (59.7)
Total (527,840) (42,042) (92.0)

In 1Q24 ASUR reported a Ps.42.0 million Consolidated Comprehensive Financing Loss, compared to a Ps.527.8 million loss in 1Q23. This variation is mainly attributed to an increase of 54.6%, or Ps.144.7 million in interest income reflecting a higher cash balance position, combined with a 16.5% decline, or Ps.50.6 million in interest expenses resulting from principal payments in Mexico and Puerto Rico.

During 1Q24 ASUR reported a foreign exchange loss of Ps.196.4 million, resulting from the 2.3% quarter-end appreciation of the Mexican peso against the U.S. dollar on a U.S. dollar net asset position (0.3% average depreciation) during the covered period. This compared to a Ps.486.9 million foreign exchange loss in 1Q23 resulting from the 7.3% quarter-end appreciation of the Mexican peso against the U.S. dollar on a U.S. dollar net asset position (4.1% average appreciation) during the covered period.

IncomeTaxes

IncomeTaxes for 1Q24 increased Ps.464.2 million YoY, principally due to the following variations:

· A<br> Ps.318.8 million increase in income taxes, mainly due to a higher taxable income base in<br> Mexico.
· A<br> Ps.145.4 million increase in deferred income taxes, mainly in Mexico, resulting from the<br> initial recognition of deferred income tax on untaxed accumulated profits from investments<br> in Puerto Rico and Colombia.
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MajorityNet Income

ASUR reported Majority Net Income of Ps.3,082.1 million in 1Q24, compared to Ps.2,512.4 million in 1Q23. This resulted in earnings per common share in 1Q24 of Ps.10.2736, or earnings per ADS of US$6.2143 (one ADS represents ten series B common shares). This compared to earnings per share of Ps.8.3745, or earnings per ADS of US$5.0656 for 1Q23.

NetIncome

ASUR reported Net Income of Ps.3,186.7 million in 1Q24, an increase of 22.5%, or Ps.584.5 million, from Ps.2,602 million in 1Q23.

ConsolidatedFinancial Position

Airport concessions represented 66.4% of ASUR’s total assets as of March 31, 2024, with current assets representing 30.5% and other assets 3.1%.

As of March 31, 2024, cash and cash equivalents amounted to Ps.16,823.0 million, a 21.3% increase from Ps.13,872.9 million as of March 31, 2023. Cash and cash equivalents in Mexico, Colombia and Puerto Rico amounted to Ps.12,392.5 million, Ps.2,840.4 million and Ps.1.590.1 million, respectively.

As of March 31, 2024, the valuation of ASUR’s investment in Aerostar in accordance with IFRS 3 "Business Combinations," had the following effects on its balance sheet: (i) the recognition of a net intangible asset of Ps.4,331.5 million, (ii) goodwill of Ps.789.8 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps.435.9 million, and (iv) a minority interest of Ps.4,716.6 million in stockholders' equity.

As of March 31, 2024, the valuation of ASUR’s investment in Airplan, in accordance with IFRS 3 “Business Combinations”, resulted in the following effects on the balance sheet: (i) the recognition of a net intangible asset of Ps.739.6 million, (ii) goodwill of Ps.1,296.9 million, (iii) deferred taxes of Ps.190.4 million, and (iv) a Ps.210.5 million recognition of bank loans at fair value.

ASUR 1Q24 Page 6 of 25

As of March 31, 2024, Stockholders’ equity was Ps.54,382.6 million and total liabilities were Ps.18,610.6 million, representing 74.5% and 25.5% of ASUR’s total assets, respectively. Deferred liabilities represented 16.4% of ASUR’s total liabilities.

As of March 31, 2024, Total Debt declined 3.9% to Ps.11,749.1 million from Ps.12,224.8 million as of December 31, 2023, mainly reflecting: (i) the FX conversion impact reflecting Mexican peso appreciation against the U.S. dollar and the Colombian peso, and (ii) payment of principal amounts of outstanding debt of Ps.50.0 million in Mexico.

As of March 31, 2024, 21.1% of ASUR’s Total Debt was denominated in Mexican pesos, 71.0% in U.S. Dollars (at Aerostar in Puerto Rico) and 8.0% in Colombian pesos (debt at Airplan in Colombia).

In July 2022, Aerostar in Puerto Rico issued US$200 million principal amount of 4.92% senior secured notes due March 22, 2035. In May 2022, Aerostar renegotiated the terms of its US$50 million principal amount of 6.75% senior secured notes originally due on June 24, 2015, and extended their maturity through March 22, 2035. All long-term debt is collateralized by Aerostar’s assets.

On November 15, 2023, Aerostar renewed the US$20.0 million revolving credit facility with Banco Popular de Puerto Rico, with a maturity date of December 29, 2026. As of March 31, 2024, no such credit line has been drawn.

In April 2023, Banco Popular transferred to the Bank of Bogotá its interests under the syndicated loan entered into with Airplan by issuing promissory notes under the same terms and conditions than the original loan.

LTM Net Debt-to-LTM EBITDA stood at negative 0.3x at the close of 1Q24, while the Interest Coverage Ratio was 10.9x. This compared with LTM Net Debt-to-LTM EBITDA of negative 0.1x and an Interest Coverage Ratio of 11.7x as of March 31, 2023, respectively.

Table 6: Consolidated Debt Indicators
**** March 31, 2023 December 31, 2023 March 31, 2024
Leverage
Total<br> Debt/ LTM EBITDA (Times) ^1^ 0.8 0.7 0.7
Total<br> Net Debt/ LTM EBITDA (Times) ^2^ (0.1) (0.3) (0.3)
Interest<br> Coverage Ratio ^3^ 11.7 11.4 10.9
Total Debt 13,514,290 12,224,770 11,749,065
Short-term<br> Debt 1,769,958 1,233,639 1,118,165
Long-term<br> Debt 11,744,332 10,991,131 10,630,900
Cash & Cash Equivalents 15,108,235 16,917,191 16,822,986
Total Net Debt ^4^ (1,593,945) (4,692,421) (5,073,921)
^1^The Total Debt to EBITDA Ratio is calculated as ASUR’s interest-bearing liabilities divided by its EBITDA.
^2^Total Net Debt to EBITDA Ratio is calculated as ASUR’s interest-bearing liabilities minus Cash & Cash Equivalents,<br> divided by EBITDA.
^3^The Interest Coverage Ratio for Mexico is calculated as ASUR’s LTM EBIDA divided by its LTM interest expenses. For Puerto<br> Rico, it is calculated as LTM Cash Flow Generation divided LTM debt service, and for Colombia as LTM EBITDA minus LTM taxes divided<br> by LTM debt service.
^4^Total net debt is calculated as Asur´s total debt without cash & cash Equivalents.
ASUR 1Q24 Page 7 of 25
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Table<br> 7: Consolidated Debt Profile (million)*
--- --- --- --- ---
Cancun Airport<br><br> <br>Thousand Mexican Pesos Airplan Million COP
Original<br> Amount 50´M BBVA 2,000 M Santander 2,650 M SyndicatedLoan 440,000 M
Interest<br> rate 6.75% TIIE + 1.4 pp TIIE +1.5 pp DTF + 4pp
Principal<br> Balance as of March 31, 2024 42.0 1,800.0 675.0 167,897.2
2024 - 150.0 - -
2025 - 275.0 675.0 57,899.7
2026 - 375.0 - 72,600.0
2027 - 475.0 - 37,397.5
2028 - 525.0 - -
2029 - - - -
2030 - - - -
2031 - - - -
2032 - - - -
2033 - - - -
2034 - - - -
2035 42.0 - - -
*Expressed<br> in the original currency of each loan.
Note:<br> the loans in Mexico were incurred in October 2017 with Bancomer and Santander. The Puerto Rico bonds were issued in March 2013<br> and June 2015. In both cases, in May, 2022 the maturity date was modified to 2035. The syndicated loan in Colombia was obtained<br> in June 2015 with a grace period of three years. In April 2022, Airplan made principal payments amounting to Cop.150,000<br> million, and the next principal payment is due in 2025. In July 2022, Aerostar issued US200 million senior secured notes due<br> March 22, 2035. On March 29, 2023, September 29, 2023 and November 30, 2022, Cancun Airport prepaid Ps.662.5<br> million, Ps.662.5 million and Ps.650 million of the loan from Santander, respectively. On April 14, 2023, July 14, 2023,<br> and October 13, 2023, Cancun Airport made principal payments amounting to Ps.50.0 million each.
1<br> DTF is an average 90-day rate to which the credit facilities in Colombia are pegged.

All values are in US Dollars.

StrongLiquidity Position and Healthy Debt Maturity Profile

ASUR closed 1Q24 with a solid financial position, with cash and cash equivalents totaling Ps.16,823.0 million and Ps.11,749.1 million in Total Debt. A total of Ps.50.0 million in principal amount of outstanding debt payments is due in 2Q24.

The following table shows the liquidity position for each of ASUR’s regions of operations:

Table 8: Liquidity Position at March 31, 2024
Figures in Thousands of Mexican Pesos
Region of Operation Cash & Equivalents Total Debt Short-term Debt Long-term Debt Principal payments(  April -   June 2024)
México 12,392,510 2,475,012 884,655 1,590,357 50,000
Puerto Rico 1,590,075 8,336,280 227,902 8,108,378 0
Colombia 2,840,401 937,773 5,608 932,165 0
Total 16,822,986 11,749,065 1,118,165 10,630,900 50,000

Table 9: Principal Debt Payments as of March 31,2024

Figures in Thousands of Mexican Pesos

Region of Operation 2025 2026 2027/2035
México 950,000 375,000 1,000,000
Puerto Rico 224,872 247,882 7,904,985
Colombia 248,881 312,070 160,753
Total 1,423,753 934,952 9,065,738
1 Figures in Mexican pesos converted at the exchange rate at the close of the quarter Ps.16.5323=US1.00
2<br> Figures in Mexican pesos converted at the exchange rate at the close of the quarter of COP 232.64=Ps.1.00
Note: Figures only reflects principal payments.

All values are in US Dollars.

ASUR 1Q24 Page 8 of 25

Table 10: Debt Ratios as ofMarch 31, 2023

LTM EBITDA and LTM interest expenses figures of thousands Mexican pesos

LTM EBITDA LTM Interest Expense Debt Coverage  Ratio Minimum CoverageRequirement as per Agreements
Mexico ^1^ 12,775,779 422,020 30.3 3.0
Puerto Rico ^2^ 1,656,005 671,948 2.5 1.1
Colombia ^3^ 1,202,762 340,655 3.5 1.2
Total 15,634,546 1,434,623 10.9
^1^ Per the applicable debt agreement, the formula for the Interest Coverage ratio is: LTM EBITDA/ LTM Interest Expense.
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^2^ Per the applicable debt agreement, the formula for the Debt Coverage ratio is: LTM Cash Flow Generation / LTM Debt Service. LTM Cash Flow Generation for the period was Ps.1,656,0 million and LTM Debt Service was Ps.671,9 million.
^3^ Per the applicable debt agreement, the formula for the Debt Coverage ratio is: (LTM EBITDA minus LTM Taxes)/ LTM Debt Service. EBITDA minus Taxes for the period amounted to Ps.1,202.8 million and Debt Service was Ps.340.6 million.

AccountsReceivables

Accounts receivables increased 14.8% YoY in 1Q24, mainly driven by increased activity in Mexico and the suspension of operations of Viva Colombia and Ultra Air in Colombia on February 28 and March 29, 2023. During 2023, these two companies accounted for 5.5% and 2.2% of passenger traffic in Colombia, respectively. At the end of 1Q24, these two companies owed ASUR Ps.14.1 million and Ps.9.9 million, respectively.

The 85.2% decline in accounts receivables in Puerto Rico mainly driven by the collection in May 2023 of other income of Ps.300.4 million derived from a judgment in favor of Puerto Rico for the right to charge a charge for each gallon of aviation fuel that was dispatched at the airport for the period from 2013 to 2021, compliant with IFRS IAS 37 and USGAAP ASC-450-30-25-1.

Table11: Accounts Receivable as of March****31, 2024

Figuresin Thousands of Mexican Pesos

**** 1Q23 1Q24 % Chg.
México 1,941,248 2,680,105 38.1
Puerto<br> Rico 444,979 65,962 (85.2)
Colombia 94,131 101,904 8.3
Total 2,480,358 2,847,971 14.8

Note: Net of allowance for bad debts.

CapitalExpenditures

ASUR made capital expenditures of Ps.182.6 million in 1Q24. Of this amount, Ps.106.1 million were allocated to modernizing the Company´s Mexican airports pursuant to its master development plans, Ps.72.5 million were invested by Aerostar in Puerto Rico and Ps.3.9 million were invested by Airplan in Colombia. This compared to Ps.143.0 million invested in 1Q23, of which Ps.70.2 million were invested in Mexico, Ps.66.8 million in Puerto Rico and Ps.6.0 million in Colombia.

ASUR<br> 1Q24 Page 9 of 25

Reviewof Mexico Operations

Table 12: Mexico Revenues & Commercial Revenues Per Passenger
**** First Quarter % Chg
**** 2023 2024
Total Passengers 11,134 11,555 3.8
Total Revenues 4,775,146 5,646,112 18.2
Aeronautical Services 2,865,603 3,585,504 25.1
Non-Aeronautical Services 1,826,062 1,874,128 2.6
Construction Revenues 83,481 186,480 123.4
Total Revenues Excluding Construction Revenues 4,691,665 5,459,632 16.4
Total Commercial Revenues 1,636,246 1,678,421 2.6
Commercial Revenues from Direct Operations 334,650 337,614 0.9
Commercial Revenues Excluding Direct Operations 1,301,596 1,340,807 3.0
Total Commercial Revenues per Passenger 147.0 145.3 (1.2)
Commercial Revenues from Direct Operations per Passenger ^1^ 30.1 29.2 (2.8)
Commercial Revenues Excl. Direct Operations per Passenger 116.9 116.0 (0.7)
For the purposes of this table, approximately 61.0 and 58.5 thousand transit and general aviation passengers are included in 1Q23 and 1Q24, respectively.
^1^Represents the operation of ASUR in its convenience stores in Mexico.

MexicoRevenues

MexicoRevenues increased 18.2% YoY to Ps.5,646.1 million.

Excluding construction, revenues increased 16.4% YoY, mainly due to increases of 25.1% in revenues from aeronautical services and 2.6% in revenues from non-aeronautical services, resulting principally from the 3.8% increase in passenger traffic (excluding transit and general aviation passengers).

CommercialRevenues increased 2.6% YoY, principally due to the 3.8% increase in passenger traffic (including transit and general aviation passengers) as shown in Table 12.

CommercialRevenues per Passenger for 1Q24 was Ps.145.3 compared to Ps.147.0 in 1Q23.

ASUR classifies commercial revenues as those derived from the following activities: duty-free stores, car rentals, retail operations, banking and currency exchange services, advertising, teleservices, non-permanent ground transportation, food and beverage operations, parking lot fees, and other.

As shown in Table 14, during the last 12 months, ASUR opened 17 new commercial spaces, 10 of which were opened at Merida airport, 2 at each of Cancun and Oaxaca airports and 1 at each of Huatulco, Cozumel and Veracruz airports. More details of these openings can be found on page 21 of this report.

Table 13: Mexico Commercial Revenue Performance Table 14: Mexico Summary Retail and Other Commercial Space Opened since March 31,2023
Business Line YoY Chg Type of Commercial Space ^1^ # Of Spaces Opened
1Q24 3M24
Car<br> rental 22.0% 22.0% Cancun 2
Advertising 15.7% 15.7% Retail 1
Ground<br> Transportation 10.5% 10.5% Car<br> rental 1
Food<br> and Beverage 6.3% 6.3% 8 Other Airports 15
Duty-Free 3.8% 3.8% Retail 7
Car<br> parking 3.4% 3.4% Car<br> rental 8
Other<br> Revenues (2.8%) (2.8%) Mexico 17
Retail (3.7%) (3.7%)
Banks<br> and foreign exchange (18.4%) (18.4%)
Teleservices (30.3%) (30.3%) ^1^Only includes new stores opened during the period and excludes remodeling or contract renewals.
Total Commercial Revenues 2.6% 2.6%
ASUR 1Q24 Page 10 of 25
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MexicoOperating Costs and Expenses

Table 15: Mexico Operating Costs & Expenses
First Quarter % Chg
**** 2024 2024
Cost<br> of Services 623,105 689,133 10.6
Administrative 77,241 79,019 2.3
Technical<br> Assistance 190,311 106,315 (44.1)
Concession<br> Fees 207,001 450,263 117.5
Depreciation<br> and Amortization 256,237 289,184 12.9
Operating Costs and Expenses Excluding Construction Costs 1,353,895 1,613,914 19.2
Construction<br> Costs 83,481 186,480 123.4
Total Operating Costs & Expenses 1,437,376 1,800,394 25.3

TotalMexico Operating Costs and Expenses increased 25.5% YoY, or Ps.363.0 million. Excluding construction costs, operating costs and expenses increased 19.2%, or Ps.260.0 million, mainly due to higher personnel expenses, concession fees, surveillance and cleaning services, maintenance and conservation costs, energy, taxes and duties.

Costof Services increased 10.6% YoY, primarily due to increases in personnel, surveillance and cleaning services, maintenance, and conservation, together with higher energy costs, taxes and duties.

AdministrativeExpenses increased 2.3% YoY.

TheTechnical Assistance fee declined 44.1% YoY, principally due to the reduction in the technical assistance fees charged by ITA to 2.5% from 5.0% of the EBITDA generated by ASUR´s Mexican operations starting January 1, 2024.

ConcessionFees, which include fees paid to the Mexican government, increased by 117.5%, principally due to the increase in the concession fee rate to 9% from 5% starting January 1, 2024.

Depreciationand Amortization increased 12.9% YoY, due to the recognition of investments made to date.

MexicoConsolidated Comprehensive Financing Gain (Loss)

Table 16: Mexico Comprehensive Financing Gain (Loss)
First  Quarter % Chg
2023 2024
Interest<br> Income 184,419 308,645 67.4
Interest<br> Expense (135,378) (93,499) (30.9)
Foreign<br> Exchange Gain (Loss), Net (486,893) (196,420) (59.7)
Total (437,852) 18,726 n/a

During 1Q24, ASUR’s Mexico operations reported an Ps.18.7 million Comprehensive Financing Gain, compared to a Ps.437.8 million loss in 1Q23. This was mainly due to a 67.4% YoY, or Ps.124.2 million, increase in interest income resulting from a higher cash balance, combined with a decline of 30.9% YoY, or Ps.41.8 million, in interest expenses mainly due to principal payments in 2023.

In 1Q24, a Ps.196.4 million foreign exchange loss was reported, resulting from the 2.3% quarter-end appreciation of the Mexican peso against the U.S. dollar on a foreign currency net asset position (0.3% average depreciation). This compared to a Ps.486.9 million foreign exchange loss in 1Q23, resulting from the 7.3% quarter-end appreciation of the Mexican peso during that period against the U.S. dollar on a foreign currency net asset position (4.1% average appreciation).

ASUR 1Q24 Page 11 of 25

MexicoOperating Profit (Loss) and EBITDA

Table 17: Mexico Profit & EBITDA<br><br> <br>****
First Quarter % Chg
2023 2024
Total<br> Revenue 4,775,146 5,646,112 18.2
Total<br> Revenues Excluding Construction Revenues 4,691,665 5,459,632 16.4
Operating Profit 3,337,770 3,845,718 15.2
Operating<br> Margin 69.9% 68.1% (179<br> bps)
Adjusted<br> Operating Margin ^1^ 71.1% 70.4% (70<br> bps)
Net<br> Profit ^2^ 2,150,124 2,664,970 23.9
EBITDA 3,594,015 4,134,902 15.0
EBITDA<br> Margin 75.3% 73.2% (203<br> bps)
Adjusted<br> EBITDA Margin ^3^ 76.6% 75.7% (87<br> bps)
^1^Adjusted Operating Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets,<br> and is equal to operating profit divided by total revenues less construction services revenues.
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^2^This result includes revenues from the participation of Aerostar Ps.177.3 million and 157.0 million in 1Q24 and 1Q23, respectively,<br> for Airplan Ps.273.0 million and Ps.241.4 million in 1Q24 and 1Q23, respectively.
^3^Adjusted EBITDA Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets,<br> and is calculated by dividing EBITDA by total revenues less construction services revenues.

Mexico reported an Operating Gain of Ps.3,845.7 million and an Operating Margin of 68.1% in 1Q24. This compared to an Operating Gain of Ps.3,337.8 million and an Operating Margin of 69.9% in 1Q23.

AdjustedOperating Margin was 70.4% in 1Q24, compared to 71.1% in 1Q23. Adjusted Operating Margin excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets and is calculated as operating profit divided by total revenues excluding construction services revenues.

EBITDAincreased 15.0%, or Ps.540.9 million, to Ps.4,134.9 million in 1Q24, from Ps.3,3594.0 million in 1Q23. EBITDA margin in 1Q24 was 73.2% compared to 75.3% in 1Q23.

AdjustedEBITDA Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets, was 75.7% in 1Q24, compared to 76.6% in 1Q24.

MexicoTariff Regulation

The Mexican Ministry of Communications and Transportation regulates the majority of ASUR’s activities by setting maximum rates, which represent the maximum possible revenues allowed per traffic unit at each airport.

ASUR’s accumulated regulated revenues at its Mexican operations, as of March 31, 2024 totaled Ps.3,705.0 million, with an average tariff per workload unit of Ps.250.3 (December 2023 Mexican pesos), representing approximately 67.9% of total income in Mexico (excluding construction revenues) for the period.

The Mexican Ministry of Communications and Transportation reviews compliance with maximum rate regulations at the end of each year.

MexicoCapital Expenditures

During 1Q24 ASUR invested Ps.106.1 million in connection with its plan to modernize its Mexican airports under its master development plans, compared to an investment of Ps.70.2 million in 1Q23.

ASUR 1Q24 Page 12 of 25

Reviewof Puerto Rico Operations

The following discussion compares Aerostar’s independent results for the three-month period ended March 31, 2023 and 2024.

As of March 31, 2024, the valuation of ASUR’s investment in Aerostar in accordance with IFRS 3 "Business Combinations," had the following effects on its balance sheet: (i) the recognition of a net intangible asset of Ps.4,331.5 million, (ii) goodwill of Ps.789.8 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps.435.9 million, and (iv) a minority interest of Ps.4,716.6 million in stockholders' equity.

Table 18: Puerto Rico Revenues & Commercial Revenues Per Passenger
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Total Passenger 2,907 3,262 12.2
Total Revenues 1,010,943 1,033,582 2.2
Aeronautical<br> Services 528,295 502,588 (4.9)
Non-Aeronautical<br> Services 422,817 464,734 9.9
Construction<br> Revenues 59,831 66,260 10.7
Total Revenues Excluding Construction Revenues 951,112 967,322 1.7
Total Commercial Revenues 420,656 462,644 10.0
Commercial<br> Revenues from Direct Operations 100,607 107,478 6.8
Commercial<br> Revenues Excluding Direct Operations 320,049 355,166 11.0
Total Commercial Revenues per Passenger 144.7 141.8 (2.0)
Commercial<br> Revenues from Direct Operations per Passenger ^1^ 34.6 32.9 (4.8)
Commercial<br> Revenues Excl. Direct Operations per Passenger 110.1 108.9 (1.1)
Figures<br> in Mexican pesos at the average exchange rate Ps.17.1594 = US. 1.00
^1^Represents ASUR´s operations in convenience stores in Puerto Rico.

PuertoRico Revenues

TotalPuerto Rico Revenues increased 2.2% YoY to Ps.1,033.6 million in 1Q24.

Excluding construction services, revenues increased by 1.7% YoY, mainly due to a 9.9% increase in revenues from non-aeronautical services, partially offset by the 4.9% decline in revenues from aeronautical services.

CommercialRevenues per Passenger were Ps.141.8 in 1Q24, compared to Ps.144.7 in 1Q23.

Six commercial spaces were opened at Luis Muñoz Marin (LMM) Airport over the last 12 months, as shown in Table 20. More details can be found on page 21 of this report.

ASUR classifies commercial revenues as those derived from the following activities: duty-free stores, car rentals, retail operations, advertising, non-permanent ground transportation, food and beverage operations, parking lot fees, banking and currency exchange services, and others.

Table 19: Puerto Rico Commercial Revenue Performance Table 20: Puerto Rico Summary Retail and Other Commercial Space Opened since March 31, 2023
Bussines Line YoY Chg Type of Commercial Space ^1^ # of Spaces Opened
1Q24 3M24
Ground<br> Transportation 22.7% 22.7% Food<br> and beverage 3
Car<br> rentals 18.0% 18.0% Retail 2
Food<br> and beverage 16.3% 16.3% Duty<br> Free 1
Retail 7.0% 7.0% Total Commercial space 6
Others<br> revenues 5.0% 5.0%
Car<br> parking (0.0%) (0.0%)
Banks<br> and foreign exchange (5.7%) (5.7%)
Duty<br> Free (13.3%) (13.3%) ^1^Only includes new stores opened during the period and excludes remodeling or contract renewals.
Advertising (13.5%) (13.5%)
Total Commercial Revenues 10.0% 10.0%
ASUR 1Q24 Page 13 of 25
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PuertoRico Operating Costs and Expenses

Table 21: Puerto Rico Operating Costs & Expenses
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Cost<br> of Services 384,745 393,514 2.3
Concession<br> Fees 46,138 46,799 1.4
Depreciation<br> and Amortization 169,670 157,961 (6.9)
Operating Costs and Expenses Excluding Construction Costs 600,553 598,274 (0.4)
Construction<br> Costs 59,831 66,260 10.7
Total Operating Costs & Expenses 660,384 664,534 0.6

Figures in Mexican pesos at the average exchange rate Ps.17.1594 = US. 1.00

TotalOperating Costs and Expenses for 1Q24 in Puerto Rico increased 0.6% YoY to Ps.664.5 million. Construction costs increased 10.7%, from Ps.59.8 million in 1Q23 to Ps.66.3 million in 1Q24.

Excluding construction costs, operating costs and expenses declined 0.4% YoY, or Ps.2.3 million, mainly due to a 6.9% decline in depreciation and amortization due to the FX conversion effect, the reversal of a provision of an employee benefit, together with increases in concession fees, professional fees, materials and supplies.

Costof Services increased 2.3% or Ps.8.8 million in 1Q24, principally due to the increase in professional fees, materials and supplies, partially offset by the reversal of a provision of an employment benefit.

ConcessionFees paid to the Puerto Rican government in 1Q24 increased 1.4% YoY, or Ps.0.7 million.

Depreciationand Amortization declined 6.9% YoY, or Ps.11.7 million, principally reflecting the foreign exchange translation impact.

PuertoRico Comprehensive Financing Gain (Loss)

Table 22: Puerto Rico Comprehensive Financing Gain (Loss)
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Interest<br> Income 31,343 30,559 (2.5)
Interest<br> Expense (147,416) (128,821) (12.6)
Total (116,073) (98,262) (15.3)

Figures in pesos at the average exchange rate Ps.17.1594 = US. 1.00

During 1Q24, Puerto Rico reported a Ps.98.3 million Comprehensive Financing Loss, compared to a Ps.116.1 million loss in 1Q23, mainly due to principal payments made on Aerostar’s outstanding debt.

On March 22, 2013, Aerostar carried out a private bond placement for a total of US$350.0 million to finance a portion of the Concession Agreement payment to the Puerto Rico Ports Authority, and certain other costs and expenditures associated with it. On June 24, 2015, Aerostar carried out a private bond placement for a total of US$50.0 million.

In December 2020, Aerostar entered into a three-year revolving line of credit with Banco Popular de Puerto Rico for the amount of US$20.0 million.

In May 2022, Aerostar renegotiated the terms of its US$50.0 million principal amount of 6.75% senior secured notes, extending the maturity to March 22, 2035.

In July 2022, Aerostar in Puerto Rico issued US$200.0 million principal amount of 4.92% senior secured notes due March 22, 2035.

On November 15, 2023, Aerostar extended the maturity date of the revolving credit line with Banco Popular de Puerto Rico, now maturing December 29, 2026. As of March 31, 2024, this credit line has not been drawn. All long-term debt is collateralized by Aerostar’s assets.

ASUR 1Q24 Page 14 of 25

PuertoRico Operating Profit and EBITDA

Table 23: Puerto Rico Profit & EBITDA
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Total<br> Revenue 1,010,943 1,033,582 2.2
Total<br> Revenues Excluding Construction Revenues 951,112 967,322 1.7
Other<br> Revenues -- -- 0.0
Operating Profit 350,559 369,048 5.3
Operating<br> Margin 34.7% 35.7% 103<br> bps
Adjusted<br> Operating Margin^1^ 36.9% 38.2% 129<br> bps
Net<br> Income 224,709 261,658 16.4
EBITDA 520,229 527,008 1.3
EBITDA<br> Margin 51.5% 51.0% (47<br> bps)
Adjusted<br> EBITDA Margin^2^ 54.7% 54.5% (22<br> bps)

Figures in Mexican pesos at the average exchange rate Ps.17.1594 = US. 1.00

^1^Adjusted Operating Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets, and is equal to operating profit divided by total revenues less construction services revenues.

^2^Adjusted EBITDA Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets, and is calculated by dividing EBITDA by total revenues less construction services revenues.

OperatingProfit in Puerto Rico increased 5.3% to Ps.369.0 million, resulting in an Operating Margin of 35.7%, compared to an operating profit of Ps.350.5 million and an Operating Margin of 34.7% in 1Q23.

EBITDAincreased 1.3% to Ps.527.0 million in 1Q24 from Ps.520.2 million in 1Q23. The EBITDA Margin declined to 51.0% in 1Q24 from 51.5% in 1Q23.

AdjustedEBITDA Margin (which excludes IFRIC 12) was 54.5% in 1Q24, compared to 54.7% in 1Q23.

PuertoRico Capital Expenditures

During 1Q24, Aerostar made capital expenditures for a total of Ps.72.5 million, compared to investments of Ps.66.7 million in 1Q23.

PuertoRico Tariff Regulation

The Airport Use Agreement entered into by and among Aerostar, the airlines serving LMM Airport, and the Puerto Rico Ports Authority governs the relationship between Aerostar and the principal airlines serving LMM Airport. The agreement entitles Aerostar to an annual contribution from the airlines of US$62.0 million during the first five years of the term. From year six onwards, the total annual contribution for the prior year increases in accordance with an adjusted consumer price index factor based on the U.S. non-core consumer price index. The annual fee is divided between the airlines that operate at LMM Airport in accordance with the regulations and structure defined under the Airport Use Agreement to establish the contribution of each airline for each particular year.

ASUR 1Q24 Page 15 of 25

Reviewof Colombia Operations

The following discussion compares Airplan's independent results for the three-month period ended March 31, 2024 and 2023.

The valuation of ASUR’s investment in Airplan, in accordance with IFRS 3 “Business Combinations”, resulted in the following effects on the balance sheet as of March 31, 2024: (i) the recognition of a net intangible asset of Ps.739.6 million, (ii) goodwill of Ps.1,296.9 million, (iii) deferred taxes of Ps.190.4 million, and (iv) a Ps.210.5 million recognition of bank loans at fair value.

Table 24: Colombia Revenues & Commercial Revenues Per Passenger
In<br> thousands of Mexican pesos
**** First Quarter % Chg
**** 2023 2024
Total Passengers 4,053 3,889 (4.0)
Total Revenues 663,320 755,213 13.9
Aeronautical<br> Services 483,520 555,545 14.9
Non-Aeronautical<br> Services 173,733 195,975 12.8
Construction<br> Revenues ^1^ 6,067 3,693 (39.1)
Total Revenues Excluding Construction Revenues 657,253 751,520 14.3
Total Commercial Revenues 171,473 195,369 13.9
Total Commercial Revenues per Passenger 42.3 50.2 18.7
Figures<br> in Mexican pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos.
For<br> the purposes of this table, approximately 167.2 and 85.2 thousand transit and general aviation passengers are included in 1Q23 and<br> 1Q24.

ColombiaRevenues

TotalRevenues in Colombia increased 13.9% YoY to Ps.755.2 million. Excluding construction services, revenues increased 14.3% YoY, principally reflecting the increase in international traffic during the period.

CommercialRevenue per Passenger was Ps.50.2 compared to Ps.42.3 in 1Q23.

As shown in Table 26, during the past twelve-months a total of 22 new commercial spaces were opened in Colombia: 8 in Olaya Herrera, 5 in Rionegro, 3 in Quibdó, 2 in each of Monteria and the Service Center and 1 in each of Corozal and Carepa airports. Further details of these openings can be found on page 21 of this report.

ASUR classifies commercial revenues as those derived from the following activities: duty-free stores, car rentals, retail operations, advertising, non-permanent ground transportation, food and beverage operations, parking lot fees, teleservices, banking and currency exchange services and other.

Table 25: Colombia Commercial Revenue Performance Table 26: Colombia Summary Retail and Other Commercial Space Opened since March 31, 2023
Bussines Line YoY Chg Type of Commercial Space ^1^ # of SpacesOpened
1Q24 3M24
Duty<br> free 37.0% 37.0% Food<br> and beverage 1
Car<br> parking 22.9% 22.9% Others<br> revenues 21
Others<br> revenues 19.9% 19.9% Total Commercial Spaces 22
Advertising 13.8% 13.8%
Banks<br> and foreign exchange 13.7% 13.7%
Retail 6.3% 6.3%
Car<br> rental 4.5% 4.5%
Food<br> and beverage (3.3%) (3.3%) ^1^Only includes new stores opened during the period and excludes remodelings or contract renewals.
Teleservices (5.7%) (5.7%)
Ground<br> Transportation (57.2%) (57.2%)
Total Commercial Revenues 13.9% 13.9%
ASUR 1Q24 Page 16 of 25
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ColombiaCosts & Expenses

Table 27:  Colombia Costs & Expenses
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Cost<br> of Services 116,661 147,612 26.5
Technical<br> Assistance - - -
Concession<br> Fees 124,434 142,878 14.8
Depreciation<br> and Amortization 90,836 96,573 6.3
Operating Costs and Expenses Excluding Construction Costs 331,931 387,063 16.6
Construction<br> Costs 6,067 3,693 (39.1)
Total Operating Costs & Expenses 337,998 390,756 15.6

Figures in pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos.

Total Operating Costs and Expenses in Colombia increased 15.6% YoY to Ps.390.7 million. Excluding construction costs, operating costs and expenses increased 16.6% YoY to Ps.387.1 million, principally due to increases in maintenance and conservation, personnel, taxes and duties, security and cleaning, insurance and surety bond costs, concession fees and energy costs.

Costof Services 26.5% YoY, or Ps.30.9 million, principally resulting from higher maintenance and conservation cost, personnel expenses, taxes and duties, as well as cleaning, security, and surety bond costs end energy costs.

ConstructionCosts declined 39.1% YoY, or Ps.2.4 million.

ConcessionFees, which include fees paid to the Colombian government, increased 14.8% YoY, principally due to the increase in regulated and non-regulated revenues during the period.

Depreciationand Amortization increased 6.3% YoY.

ColombiaComprehensive Financing Gain (Loss)

Table 28: Colombia, Comprehensive Financing Gain (Loss)
In<br> thousands of Mexican pesos
First Quarter % Chg
2023 2024
Interest<br> Income 49,298 70,521 43.1
Interest<br> Expense (23,198) (33,082) 42.6
Foreign<br> Exchange Gain (Loss), Net (15) 55 n/a
Total 26,085 37,494 43.7

Figures in Mexican pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos.

During 1Q24, Airplan reported a Ps.37.5 million Comprehensive Financing Gain, compared to a Ps.26.1 million gain in 1Q23. Interest income increased 43.1%, or Ps.21.2 million, mainly due to a higher cash position and higher rates.

ColombiaOperating Profit (Loss) and EBITDA

<br><br> <br><br><br> <br>Table 29: Colombia Profit & EBITDA
In<br> thousands of Mexican pesos
Fourth Quarter % Chg
2023 2024
Total<br> Revenues 663,320 755,213 13.9
Total<br> Revenues Excluding Construction Revenues 657,253 751,520 14.3
Operating Profit 325,322 364,457 12.0
Operating<br> Margin 49.0% 48.3% (79<br> bps)
Adjusted<br> Operating Margin^1^ 49.5% 48.5% (100<br> bps)
Net<br> Profit 227,412 260,126 14.4
EBITDA 416,158 461,030 10.8
EBITDA<br> Margin 62.7% 61.0% (169<br> bps)
Adjusted<br> EBITDA Margin^2^ 63.3% 61.3% (197<br> bps)
Figures in Mexican pesos at an average exchange rate<br> of COP.230.3787 = Ps.1.00 for 1Q24.
---
^1^Adjusted Operating Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets,<br> and is equal to operating profit divided by total revenues less construction services revenues.
^2^Adjusted EBITDA Margin excludes the effect of IFRIC12 with respect to the construction or improvements to concessioned assets,<br> and is calculated by dividing EBITDA by total revenues less construction services revenues.
ASUR 1Q24 Page 17 of 25

ASUR's Colombian operations reported an Operating Profit of Ps.364.4 million in 1Q24, compared to Ps.325.3 million in 1Q23. Operating margin was 48.3% in 1Q24, compared to 49.0% in 1Q23. The Adjusted operating margin, which excludes the effect of IFRIC12 with respect to construction or improvements to concessioned assets, was 48.5% in 1Q24 compared to an adjusted operating margin of 49.5% in 1Q23.

EBITDAin 1Q24 was Ps.461.0 million, resulting in an EBITDA margin of 61.0%. This compared to an EBITDA of Ps.416.1 million and an EBITDA margin of 62.7% in 1Q23.

The Adjusted EBITDA Margin, which excludes the effect of IFRIC12 with respect to the construction or improvements of the concessioned assets, was 61.3% in 1Q24, compared to an adjusted EBITDA margin of 63.3% in 1Q23, principally due to the decline in passenger traffic and bad debt provisions resulting from the suspension of two local airlines in Colombia in 1Q23.

ColombiaCapital Expenditures

In 1Q24, Airplan made capital investments for a total of Ps.3.9 million, compared to Ps.6.0 million in 1Q23.

ColombiaTariff Regulation

Functions of the Special Administrative Unit of Civil Aeronautics include establishing and collecting fees, tariffs, and rights for the provision of aeronautical and airport services or those generated by concessions, authorizations, licenses, or any other type of income or property. As a result, Resolution 04530, issued on September 21, 2007, establishes tariffs for the rights and the rates conceded to the concessionaire of the following airports: José María Córdova of Rionegro, Enrique Olaya Herrera of Medellín, Los Garzones of Montería, El Caraño of Quibdó, Antonio Roldán Betancourt of Carepa, and Las Brujas of Corozal. This resolution also established the methodology to update and the mechanisms to collect such fees, tariffs, and rights.

During 1Q24, Airplan's regulated revenues amounted to Ps.555.5 million.

Definitions

ConcessionServices Agreements (IFRIC 12 interpretation). In Mexico and Puerto Rico, ASUR is required by IFRIC 12 to include in its income statement an income line, “Construction Revenues,” reflecting the revenue from construction of, or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line “Construction Costs” because ASUR hires third parties to provide construction services. Because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin. In Colombia, “Construction Revenues” include the recognition of the revenue to which the concessionaire is entitled for carrying out the infrastructure works in the development of the concession, while “Construction Costs” represents the actual costs incurred in the execution of such additions or improvements to the concessioned assets.

MajorityNet Income reflects ASUR’s equity interests in each of its subsidiaries and therefore excludes the 40% interest in Aerostar that is owned by other shareholders. Other than Aerostar, ASUR owns (directly or indirectly) 100% of its subsidiaries.

EBITDAmeans net income before provision for taxes, deferred taxes, profit sharing, non-ordinary items, participation in the results of associates, comprehensive financing cost, and depreciation and amortization. EBITDA should not be considered as an alternative to net income, as an indicator of our operating performance, as an alternative to cash flow or as an indicator of liquidity. Our management believes that EBITDA provides a useful measure that is widely used by investors and analysts to evaluate our performance and compare it with other companies. EBITDA is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.

AdjustedEBITDA Margin is calculated by dividing EBITDA by total revenues excluding construction services revenues for Mexico, Puerto Rico, and Colombia and excludes the effect of IFRIC 12 with respect to the construction of, or improvements to concessioned assets. ASUR is required by IFRIC 12 to include in its income statement an income line reflecting the revenue from construction of, or improvements to concessioned assets made during the relevant period. The same amount is recognized under the expense line “Construction Costs” because ASUR hires third parties to provide construction services. In Mexico and Puerto Rico, because equal amounts of Construction Revenues and Construction Costs have been included in ASUR's income statement as a result of the application of

ASUR 1Q24 Page 18 of 25

IFRIC 12, the amount of Construction Revenues does not have an impact on EBITDA, but it does have an impact on EBITDA Margin, as the increase in revenues that relates to Construction Revenues does not result in a corresponding increase in EBITDA. In Colombia, construction revenues do have an impact on EBITDA, as construction revenues include a reasonable margin over the actual cost of construction. Like EBITDA Margin, Adjusted EBITDA Margin should not be considered as an indicator of our operating performance, as an alternative to cash flow or as an indicator of liquidity and is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.

AboutASUR

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain, and develop 16 airports in the Americas. These comprise nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean, and Latin America, and six airports in northern Colombia, including José María Córdova International Airport (Rionegro), the second busiest airport in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan’s Airport is the island’s primary gateway for international and mainland-US destinations and was the first and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. For more information, visit www.asur.com.mx

AnalystCoverage

In accordance with Article 4.033.01 of the Mexican Stock Exchange Internal Rules, ASUR reports that the stock is covered by the following broker-dealers: Actinver, Banorte, Barclays, BBVA, Bradesco, BTG Pactual, Citi Global Markets, GBM Grupo Bursatil, Goldman Sachs, HSBC Securities, Insight Investment Research, Intercam, Itau BBA Securities, Jefferies, JP Morgan, Punto Research, Santander, Scotiabank, Signum Research, UBS Casa de Bolsa and Vector.

Please note that any opinions, estimates or forecasts with respect to the performance of ASUR issued by these analysts reflect their own views, and therefore do not represent the opinions, estimates or forecasts of ASUR or its management. Although ASUR may refer to or distribute such statements, this does not imply that ASUR agrees with or endorses any information, conclusions or recommendations included therein.

ForwardLooking Statements

Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in ASUR’s filings with the SEC. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.

Contacts:

ASUR<br><br> <br>Adolfo Castro<br><br> <br>+52-55-5284-0408<br><br> <br>acastro@asur.com.mx InspIR Group<br><br> <br>Susan Borinelli<br><br> <br>+1-646-330-5907<br><br> <br>susan@inspirgroup.com

-SELECTED OPERATING TABLES & FINANCIAL STATEMENTS FOLLOW –

ASUR 1Q24 Page 19 of 25
Passenger Traffic Breakdown by Airport
--- --- --- --- ---
Mexico Passenger Traffic ^1^
First Quarter % Chg
2023 2024
Domestic Traffic 4,784,188 4,615,085 (3.5)
CUN Cancun 2,596,480 2,319,681 (10.7)
CZM Cozumel 32,041 58,503 82.6
HUX Huatulco 215,172 176,473 (18.0)
MID Merida 809,320 801,085 (1.0)
MTT Minatitlan 25,332 28,019 10.6
OAX Oaxaca 333,826 375,196 12.4
TAP Tapachula 123,523 147,956 19.8
VER Veracruz 338,146 355,729 5.2
VSA Villahermosa 310,348 352,443 13.6
International Traffic 6,289,103 6,881,325 9.4
CUN Cancun 5,888,218 6,410,410 8.9
CZM Cozumel 158,203 190,230 20.2
HUX Huatulco 57,362 80,429 40.2
MID Mérida 92,741 99,148 6.9
MTT Minatitlan 2,053 1,592 (22.5)
OAX Oaxaca 55,070 56,995 3.5
TAP Tapachula 5,687 3,606 (36.6)
VER Veracruz 23,170 30,711 32.5
VSA Villahermosa 6,599 8,204 24.3
Total Traffic México 11,073,291 11,496,410 3.8
CUN Cancun 8,484,698 8,730,091 2.9
CZM Cozumel 190,244 248,733 30.7
HUX Huatulco 272,534 256,902 (5.7)
MID Merida 902,061 900,233 (0.2)
MTT Minatitlan 27,385 29,611 8.1
OAX Oaxaca 388,896 432,191 11.1
TAP Tapachula 129,210 151,562 17.3
VER Veracruz 361,316 386,440 7.0
VSA Villahermosa 316,947 360,647 13.8
US Passenger Traffic, San Juan Airport (LMM)
First Quarter % Chg
2023 2024
SJU Total ^1^ 2,907,038 3,261,896 12.2
Domestic<br> Traffic 2,641,929 2,935,940 11.1
International<br> Traffic 265,109 325,956 23.0
Colombia, Passenger Traffic Airplan
First Quarter % Chg
2023 2024
Domestic Traffic 3,176,155 2,963,460 (6.7)
MDE Medellín<br> (Rio Negro) 2,401,054 2,166,918 (9.8)
EOH Medellín 275,386 303,345 10.2
MTR Montería 359,440 361,837 0.7
APO Carepa 49,631 41,601 (16.2)
UIB Quibdó 84,270 81,702 (3.0)
CZU Corozal 6,374 8,057 26.4
International Traffic 709,162 840,770 18.6
MDE Medellín<br> (Rio Negro) 709,162 840,770 18.6
EOH Medellín - - -
MTR Montería - - -
APO Carepa - - -
UIB Quibdó - - -
CZU Corozal - - -
Total Traffic Colombia 3,885,317 3,804,230 (2.1)
MDE Medellín<br> (Rio Negro) 3,110,216 3,007,688 (3.3)
EOH Medellín 275,386 303,345 10.2
MTR Montería 359,440 361,837 0.7
APO Carepa 49,631 41,601 (16.2)
UIB Quibdó 84,270 81,702 (3.0)
CZU Corozal 6,374 8,057 26.4
^1^Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, and SJU include transit passengers<br> and general aviation.
ASUR 1Q24 Page 20 of 25
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Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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Commercial Spaces
ASUR Retail and Other Commercial Space Opened since March 31, 2023^1^
Business Name Type Opening Date
MEXICO
Cancun
Cocos<br> Caribe 770 Retail June<br> 2023
LL<br> Mex, SA de CV Car<br> Rental July<br> 2023
Huatulco
Promotora<br> de Espectáculos Deportivos SA de CV Retail April<br> 2023
Mérida
Comercializadora<br> PIU SA de CV Retail April<br> 2023
Ultra<br> Boutique SA de CV Retail May<br> 2023
Plersa<br> SA de CV Retail May<br> 2023
Unión<br> Masa México SA de CV Retail June<br> 2023
Alquiladora<br> de vehiculos automotores, SA de CV Car<br> Rental July<br> 2023
Máxima<br> Distinción "EMWA" Retail October<br> 2023
CLOE<br> MODA Retail October<br> 2023
LL<br> Mex, SA de CV Car<br> Rental November<br> 2023
LL<br> Mex, SA de CV Car<br> Rental January<br> 2024
Corporativo<br> De la Torre & Zambrano Car<br> Rental February<br> 2024
Cozumel
Fleet<br> Car Company Mx Car<br> Rental December<br> 2023
Oaxaca
Rent<br> A Matic Itza SA de CV Car<br> Rental June<br> 2023
LL<br> Mex, SA de CV Car<br> Rental November<br> 2023
Veracruz
LL<br> Mex, SA de CV Car<br> Rental November<br> 2023
SAN JUAN, PUERTO RICO
Ocean<br> Lab Food<br> and Beverage April<br> 2023
PR<br> Arrivals Store Duty<br> Free April<br> 2023
To<br> Go Food<br> and Beverage November<br> 2023
Landshark Food<br> and Beverage January<br> 2024
Morena<br> Mía Retail January<br> 2024
Morena<br> Mía Retail February<br> 2024
COLOMBIA
Rionegro
Menzies<br> Aviation Colombia S.A.S Other<br> Revenues April<br> 2023
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
JETSMART<br> AIRLINES PERÚ S.A.C. Other<br> Revenues January<br> 2024
Corporación<br> del lago S.A.S Other<br> Revenues January<br> 2024
Carlos<br> Andrés Carrasquilla Zuluaga Other<br> Revenues January<br> 2024
Olaya herrera
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
Corporación<br> del lago S.A.S Other<br> Revenues January<br> 2024
Sociedad<br> Aeronáutica de Santander S.A.S. Other<br> Revenues January<br> 2024
Departamento<br> de Antioquia Other<br> Revenues February<br> 2024
Fondo<br> de Valorización del Municipio de Medellín Other<br> Revenues February<br> 2024
Aviation<br> Support & Maintenance Company S.A.S. Other<br> Revenues February<br> 2024
Central<br> Aerospace S.A.S. Other<br> Revenues February<br> 2024
Helisur<br> S.A.S. Other<br> Revenues March<br> 2024
Carepa
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
Montería
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
Corporación<br> del lago S.A.S Other<br> Revenues January<br> 2024
Quibdó
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
Fundación<br> Patrulla Aerea del Choco Other<br> Revenues February<br> 2024
Late<br> Choco Fabrica Artesanal de Chocolates Food<br> and Beverage February<br> 2024
Corozal
Efectimedios<br> S.A.S. Other<br> Revenues May<br> 2023
Centro de Servicios
Estrategia<br> Comercial de Colombia S.A.S Retail April<br> 2023
Icetex Other<br> Revenues January<br> 2024
*<br> Only includes new stores opened during the period and excludes remodelings or contract renewals.
ASUR 1Q24 Page 21 of 25
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Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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Operating Results per Airport
Thousands<br> of mexican pesos
Item 1Q 2023 1Q23 Per Workload Unit 1Q 2024 1Q24 Per Workload Unit YoY % Chg. Per Workload Unit YoY % Chg.
Mexico
Cancun ^1^
Aeronautical<br> Revenues 2,127,032 247.2 2,735,499 308.8 28.6 24.9
Non-Aeronautical<br> Revenues 1,707,696 198.5 1,742,284 196.7 2.0 (0.9)
Construction<br> Services Revenues 32,826 3.8 177,067 20.0 439.4 426.3
Total Revenues 3,867,554 449.5 4,654,850 525.5 20.4 16.9
Operating<br> Profit 2,698,566 313.6 3,143,616 354.9 16.5 13.2
EBITDA 2,865,893 333.1 3,321,127 374.9 15.9 12.5
Merida
Aeronautical<br> Revenues 256,811 265.8 259,921 348.9 1.2 31.3
Non-Aeronautical<br> Revenues 51,491 53.3 59,127 79.4 14.8 49.0
Construction<br> Services Revenues 30,936 32.0 - - (100.0) (100.0)
Other<br> ^2^ 21 - 24 - 14.3 n/a
Total Revenues 339,259 351.1 319,072 428.3 (6.0) 22.0
Operating<br> Profit 190,853 197.6 169,878 228.0 (11.0) 15.4
EBITDA 211,470 218.9 205,415 275.7 (2.9) 25.9
Villahermosa
Aeronautical<br> Revenues 90,149 274.0 107,620 279.5 19.4 2.0
Non-Aeronautical<br> Revenues 15,362 46.7 16,944 44.0 10.3 (5.8)
Construction<br> Services Revenues 6 - 49 0.1 716.7 n/a
Other<br> ^2^ 23 0.1 23 0.1 - -
Total Revenues 105,540 320.8 124,636 323.7 18.1 0.9
Operating<br> Profit 58,238 177.0 68,398 177.7 17.4 0.4
EBITDA 69,176 210.3 80,826 209.9 16.8 (0.2)
Other Airports ^3^
Aeronautical<br> Revenues 391,611 281.7 482,464 102.4 23.2 (63.6)
Non-Aeronautical<br> Revenues 51,513 37.1 55,773 11.8 8.3 (68.2)
Construction<br> Services Revenues 19,713 14.2 9,364 2.0 (52.5) (85.9)
Other<br> ^2^ 72 0.1 77 - 6.9 (100.0)
Total Revenues 462,909 333.1 547,678 116.2 18.3 (65.1)
Operating<br> Profit 245,500 176.6 296,896 63.0 20.9 (64.3)
EBITDA 302,856 217.9 360,600 76.6 19.1 (64.8)
Holding & Service Companies ^4^
Construction<br> Services Revenues - n/a - n/a n/a n/a
Other<br> ^2^ 156,253 n/a 177,363 n/a 13.5 n/a
Total Revenues 156,253 n/a 177,363 n/a 13.5 n/a
Operating<br> Profit 144,613 n/a 166,930 n/a 15.4 n/a
EBITDA 144,620 n/a 166,934 n/a 15.4 n/a
Consolidation Adjustment Mexico
Consolidation<br> Adjustment (156,369) n/a (177,487) n/a 13.5 n/a
Total Mexico
Aeronautical<br> Revenues 2,865,603 253.8 3,585,504 243.9 25.1 (3.9)
Non-Aeronautical<br> Revenues 1,826,062 161.8 1,874,128 127.5 2.6 (21.2)
Construction<br> Services Revenues 83,481 7.4 186,480 12.7 123.4 71.6
Total Revenues 4,775,146 423.0 5,646,112 384.1 18.2 (9.2)
Operating<br> Profit 3,337,770 295.7 3,845,718 261.6 15.2 (11.5)
EBITDA 3,594,015 318.4 4,134,902 281.3 15.0 (11.7)
San Juan Puerto Rico, US ^5^
Aeronautical<br> Revenues 528,295 n/a 502,588 n/a (4.9) n/a
Non-Aeronautical<br> Revenues 422,817 n/a 464,734 n/a 9.9 n/a
Construction<br> Services Revenues 59,831 n/a 66,260 n/a 10.7 n/a
Total Revenues 1,010,943 n/a 1,033,582 n/a 2.2 n/a
Operating<br> Profit 350,559 n/a 369,048 n/a 5.3 n/a
EBITDA 520,229 n/a 527,008 n/a 1.3 n/a
Consolidation Adjustment San Juan
Consolidation<br> Adjustment - n/a - n/a n/a n/a
Colombia ^6^
Aeronautical<br> Revenues 483,520 n/a 555,545 n/a 14.9 n/a
Non-Aeronautical<br> Revenues 173,733 n/a 195,975 n/a 12.8 n/a
Construction<br> Services Revenues 6,067 n/a 3,693 n/a (39.1) n/a
Total Revenues 663,320 n/a 755,213 n/a 13.9 n/a
Operating<br> Profit 325,322 n/a 364,457 n/a 12.0 n/a
EBITDA 416,158 n/a 461,030 n/a 10.8 n/a
Consolidation Adjustment Colombia
Consolidation<br> Adjustment - n/a - n/a n/a n/a
CONSOLIDATED ASUR
Aeronautical<br> Revenues 3,877,418 n/a 4,643,637 n/a 19.8 n/a
Non-Aeronautical<br> Revenues 2,422,612 n/a 2,534,837 n/a 4.6 n/a
Construction<br> Services Revenues 149,379 n/a 256,433 n/a 71.7 n/a
Total Revenues 6,449,409 n/a 7,434,907 n/a 15.3 n/a
Operating<br> Profit 4,013,651 n/a 4,579,223 n/a 14.1 n/a
EBITDA 4,530,402 n/a 5,122,940 n/a 13.1 n/a
^1^Reflects the results of operations of Cancun Airport and two Cancun Airport Services subsidiaries on a consolidated basis.
^2^Reflects revenues under intercompany agreements which are eliminated in the consolidation adjustment.
^3^Reflects the results of operations of our airports located in Cozumel, Huatulco, Minatitlan, Oaxaca, Tapachula and Veracruz.
^4^Reflects the results of operations of our parent holding company and our services subsidiaries. Because none of these entities<br> hold the concessions for our airports, we do not report workload unit data for theses entities.
^5^Reflects the results of operation of  San Juan Airport, Puerto Rico, US for 1Q24.
^6^Reflects the results of operation of Airplan, Colombia, for 1Q24.
ASUR 1Q24 Page 22 of 25
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Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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Consolidated Statement of Income from January 1 to March 31,  2024 and 2023
Thousands<br> of mexican pesos
Item 3M 3M % 1Q 1Q %
2023 2024 Chg 2023 2024 Chg
Revenues
Aeronautical<br> Services 3,877,418 4,643,637 19.8 3,877,418 4,643,637 19.8
Non-Aeronautical<br> Services 2,422,612 2,534,837 4.6 2,422,612 2,534,837 4.6
Construction<br> Services 149,379 256,433 71.7 149,379 256,433 71.7
Total Revenues 6,449,409 7,434,907 15.3 6,449,409 7,434,907 15.3
Operating Expenses
Cost<br> of Services 1,124,511 1,230,259 9.4 1,124,511 1,230,259 9.4
Cost<br> of Construction 149,379 256,433 71.7 149,379 256,433 71.7
General<br> and Administrative Expenses 77,241 79,019 2.3 77,241 79,019 2.3
Technical<br> Assistance 190,311 106,315 (44.1) 190,311 106,315 (44.1)
Concession<br> Fee 377,573 639,940 69.5 377,573 639,940 69.5
Depreciation<br> and Amortization 516,743 543,718 5.2 516,743 543,718 5.2
Total Operating Expenses 2,435,758 2,855,684 17.2 2,435,758 2,855,684 17.2
Other<br> Revenues
Operating Income 4,013,651 4,579,223 14.1 4,013,651 4,579,223 14.1
Comprehensive Financing Cost (527,840) (42,042) (92.0) (527,840) (42,042) (92.0)
Income<br> from results of Joint Venture Accounted by the Equity Method (2,681) n/a (2,681) n/a
Income Before Income Taxes 3,485,811 4,534,500 30.1 3,485,811 4,534,500 30.1
Provision<br> for Income Tax 857,534 1,176,341 37.2 857,534 1,176,341 37.2
Deferred<br> Income Taxes 26,032 171,405 558.4 26,032 171,405 558.4
Net Income for the Year 2,602,245 3,186,754 22.5 2,602,245 3,186,754 22.5
Majority Net Income 2,512,362 3,082,091 22.7 2,512,362 3,082,091 22.7
Non-Controlling Interests 89,883 104,663 16.4 89,883 104,663 16.4
Earning<br> per Share 8.3745 10.2736 22.7 8.3745 10.2736 22.7
Earning<br> per American Depositary Share (in U.S. Dollars) 5.0656 6.2143 22.7 5.0656 6.2143 22.7
Exchange<br> Rate per Dollar Ps. 16.5323
ASUR 1Q24 Page 23 of 25
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Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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Consolidated Statements of Financial Position as of  March 31, 2024 and December 31, 2023
Thousands<br> of mexican pesos
Item March 2024 December2023 Variation %
Assets
Current Assets
Cash<br> and Cash Equivalents 16,822,986 13,872,897 2,950,089 21.3
Cash<br> and Cash Equivalents Restricted 1,515,492 1,615,400 (99,908) (6.2)
Accounts<br> Receivable, net 2,847,971 2,317,818 530,153 22.9
Document<br> Receivable 100,696 100,696 - -
Recoverable<br> Taxes and Other Current Assets 968,801 826,386 142,415 17.2
Total Current Assets 22,255,946 18,733,197 3,522,749 18.8
Non Current Assets
Investment<br> in Financial Instrument 1,799,149 1,818,949 (19,800) (1.1)
Machinery,<br> Furniture and Equipment, net 182,100 184,016 (1,916) (1.0)
Intangible<br> Assets, Airport Concessions and Goodwill-Net 48,462,474 49,310,063 (847,589) (1.7)
investment<br> in Joint Venture 293,518 296,199 (2,681) (0.9)
Total Assets 72,993,187 70,342,424 2,650,763 3.8
Liabilities and Stockholders' Equity
Current Liabilities
Trade<br> Accounts Payable 247,710 306,548 (58,838) (19.2)
Bank<br> Loans and Short Term Debt 1,118,165 1,233,639 (115,474) (9.4)
Accrued<br> Expenses and Others Payables 3,532,867 3,287,040 245,827 7.5
Total Current Liabilities 4,898,742 4,827,227 71,515 1.5
Long Term Liabilities
Bank<br> Loans 2,522,522 2,586,932 (64,410) (2.5)
Long<br> Term Debt 8,108,378 8,404,199 (295,821) (3.5)
Deferred<br> Income Taxes 3,045,023 2,897,858 147,165 5.1
Employee<br> Benefits 35,937 35,010 927 2.6
Total Long Term Liabilities 13,711,860 13,923,999 (212,139) (1.5)
Total Liabilities 18,610,602 18,751,226 (140,624) (0.7)
Stockholders' Equity
Capital<br> Stock 7,767,276 7,767,276 - -
Legal<br> Reserve 2,542,227 2,542,227 - -
Mayority<br> Net Income for the Period 3,082,091 10,203,713 (7,121,622) (69.8)
Cumulative<br> Effect of Conversion of Foreign Currency (1,910,234) (1,619,693) (290,541) 18
Retained<br> Earnings 36,255,538 26,051,825 10,203,713 39.2
Non-Controlling<br> interests 6,645,687 6,645,850 (163) (0.0)
Total Stockholders' Equity 54,382,585 51,591,198 2,791,387 5.4
Total Liabilities and Stockholders' Equity 72,993,187 70,342,424 2,650,763 3.8
ASUR 1Q24 Page 24 of 25
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Grupo Aeroportuario del Sureste, S.A.B. de C.V.
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Consolidated Statement of Cash Flow for the periods of January 1, to March 31, 2024 and 2023
Thousands<br> of mexican pesos
Item 3M 3M % 1Q 1Q %
2023 2024 Chg 2023 2024 Chg
Operating Activities
Income Before Income Taxes 3,485,811 4,534,500 30.1 3,485,811 4,534,500 30.1
Depreciation<br> and Amortization 516,743 543,718 5.2 516,743 543,718 5.2
Income<br> from Results of Joint Venture Accounted by the Equity Method 2,681 n/a 2,681 n/a
Interest<br> Income (265,060) (409,724) 54.6 (265,060) (409,724) 54.6
Interest<br> Payables 305,992 255,403 (16.5) 305,992 255,403 (16.5)
Foreign<br> Exchange Gain (loss), Net Unearned 491,937 183,037 (62.8) 491,937 183,037 (62.8)
Sub-Total 4,535,423 5,109,615 12.7 4,535,423 5,109,615 12.7
Trade<br> Receivables 147,399 (405,943) (375.4) 147,399 (405,943) (375.4)
Recoverable<br> Taxes and other Current Assets (97,149) (92,315) (5.0) (97,149) (92,315) (5.0)
Income<br> Tax Paid (724,864) (1,111,668) 53.4 (724,864) (1,111,668) 53.4
Trade<br> Accounts Payable (55,255) (44,721) (19.1) (55,255) (44,721) (19.1)
Net Cash Flow Provided by Operating Activities 3,805,554 3,454,968 (9.2) 3,805,554 3,454,968 (9.2)
Investing Activities
Investment<br> in Financial Instrument 19,800 n/a 19,800 n/a
Loans<br> granted to Third Parties
Restricted<br> Cash (64,073) 63,027 (198.4) (64,073) 63,027 (198.4)
Investments<br> in Machinery, Furniture and Equipment, net (142,994) (182,584) 27.7 (142,994) (182,584) 27.7
Interest<br> Income 233,255 379,775 62.8 233,255 379,775 62.8
Net Cash Flow used by Investing Activities 26,188 280,018 969.3 26,188 280,018 969.3
Excess Cash to Use in Financing Activities 3,831,742 3,734,986 (2.5) 3,831,742 3,734,986 (2.5)
Bank<br> Loans
Bank<br> Loans Paid (662,500) (50,000) (92.5) (662,500) (50,000) (92.5)
Long<br> Term Debt Paid (99,786) (97,926) (1.9) (99,786) (97,926) (1.9)
Interest<br> Paid (410,136) (365,623) (10.9) (410,136) (365,623) (10.9)
Dividends<br> Paid
Net Cash Flow used by Financing Activities (1,172,422) (513,549) (56.2) (1,172,422) (513,549) (56.2)
Net Increase in Cash and Cash Equivalents 2,659,320 3,221,437 21.1 2,659,320 3,221,437 21.1
Cash<br> and Cash Equivalents at Beginning of Period 13,174,991 13,872,897 5.3 13,174,991 13,872,897 5.3
Exchange<br> Gain on Cash and Cash Equivalents (726,076) (271,348) (62.6) (726,076) (271,348) (62.6)
Cash and Cash Equivalents at the End of Period 15,108,235 16,822,986 11.3 15,108,235 16,822,986 11.3
ASUR 1Q24 Page 25 of 25
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