6-K

SOUTHEAST AIRPORT GROUP (ASR)

6-K 2022-10-24 For: 2022-10-24
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 October 2022

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 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: October 24, 2022

asr-ex991_6.htm

EXHIBIT 99.1

ASUR Reports 3Q22 Financial Results

Total passenger traffic in 3Q22 increased 22.8% compared to 3Q19 and 24.5% YoY

Mexico City, October 24, 2022 – 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- and nine-month periods ended September 30, 2022.

3Q22 Highlights^1^

Total passenger traffic increased 24.5% year over year (YoY) and 22.8% compared to 3Q19. By country of operations, 3Q22 passenger traffic showed the following increases compared to 3Q19 levels:
Mexico: up 21.6%, with domestic and international traffic levels increasing 14.2% and 30.2%, respectively.
--- ---
Puerto Rico (Aerostar): up 7.9%, with domestic traffic increasing by 8.9%, and international traffic reaching 99.6% of 2Q19 levels.
--- ---
•      Colombia (Airplan): up 36.9%, with domestic and international passengers increasing by 33.0% and 58.3%, respectively.<br><br><br>•      Revenues increased 29.4% YoY to Ps.6,294.8 million and by 53.3% compared to 3Q19 revenues. Excluding construction revenues, revenues increased 35.6% YoY and 50.9% against 3Q19.<br><br><br>•      Consolidated commercial revenues per passenger were Ps.116.5 in 3Q22.<br><br><br>•      Consolidated EBITDA increased 39.6% YoY to Ps.4,067.0 million and 64.3% compared to 3Q19.<br><br><br>•      Adjusted EBITDA Margin (excluding the effect of IFRIC 12) increased to 69.7%, from 67.7% in 3Q21 and 64.0% in 3Q19.<br><br><br>•      Cash & cash equivalents of Ps.13,917.4 million at quarter-end and Net Debt-to-LTM EBITDA at 0.14x. Table 1: Financial & Operational Highlights ^1^
--- --- --- --- --- ---
Third Quarter % Chg
2021 2022
Financial Highlights
Total Revenue 4,866,106 6,294,804 29.4
Mexico 3,383,896 4,576,444 35.2
San Juan 999,885 1,001,545 0.2
Colombia 482,325 716,815 48.6
Commercial Revenues per PAX 117.6 116.5 (0.9)
Mexico 136.3 140.7 3.2
San Juan 152.3 161.3 5.9
Colombia 40.0 37.3 (6.8)
EBITDA 2,913,013 4,067,015 39.6
Net Income 1,957,451 2,678,375 36.8
Majority Net Income 1,793,950 2,546,504 41.9
Earnings per Share (in pesos) 5.9798 8.4883 41.9
Earnings per ADS (in US$) 2.9762 4.2246 41.9
3Q22 Earnings Call<br><br><br><br><br><br>Date & Time: Tuesday, October 25, 2022 at 10:00 AM US ET; 9:00 AM CT<br><br><br><br><br><br>Dial-in: 1-866-416-5346 (U.S. Toll-Free) 1-323-794-2575 (International)<br><br><br>Access Code: 9021968<br><br><br><br><br><br>Replay: Tue, October 25, 2022 at 1:00 PM US ET, ending at 11:59 PM US ET on Tue, November 1, 2022. Dial in: 1-844-512-2921 (Toll-Free) 1-412-317-6671 (International). Access Code: 9021968 Capex 601,180 548,227 (8.8)
Cash & Cash Equivalents 11,042,598 13,917,369 26.0
Net Debt 3,033,148 2,180,725 (28.1)
Net Debt/ LTM EBITDA 0.4 0.1 (60.2)
Operational Highlights
Passenger Traffic
Mexico 7,909,155 10,134,035 28.1
San Juan 2,739,163 2,540,779 (7.2)
Colombia 3,043,742 4,369,335 43.6

^1^Unless otherwise stated, all financial figures discussed in this announcement are unaudited, prepared in accordance with International Financial Reporting Standards (IFRS), and represent comparisons between the three- and nine-month periods ended September 30, 2022, and the equivalent three- and nine-month periods ended September 30, 2021. 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.20.0925 (source: Diario Oficial de la Federación de México), while Colombian peso figures are calculated at the exchange rate of COP228.4200 = Mexican Ps.1.00 (source: Investing). Definitions for EBITDA, Adjusted EBITDA Margin, Majority Net Income can be found on page 17 of this report.

ASUR 3Q22 Page 1 of 25

3Q22 Passenger Traffic

During 3Q22, total passenger traffic increased 24.5% YoY to 17.0 million passengers and 22.8% compared to 3Q19.

Traffic in Mexico increased 28.1% YoY to 10.1 million passengers. In addition, Mexico traffic increased 21.6% against to 3Q19 levels, driven by increases of 14.2% and 30.2% in domestic and international traffic, respectively.

In Puerto Rico, 3Q22 passenger traffic declined 7.2% YoY to 2.5 million passengers. Traffic surpassed 3Q19 levels by 7.9%, with domestic traffic increasing 8.9% and international traffic recovering to 99.6% of 3Q19 activity.

Traffic in Colombia increased 43.6% YoY to 4.4 million passengers in 3Q22. Compared to 3Q19 levels, traffic increased 36.9%, with domestic and international traffic increasing 33.0% and 58.3%, respectively.

Tables with detailed passenger traffic information for each airport can be found on page 20 of this report.

Table 2: Passenger Traffic Summary
Third Quarter %<br><br><br>Chg<br><br><br>vs 21 %<br><br><br>Chg<br><br><br>vs 19 Nine-Months % Chg vs 21 % Chg vs 19
2019 2021 2022 2019 2020 2021
Total Mexico 8,333,227 7,909,155 10,134,035 28.1 21.6 25,783,861 20,333,163 28,971,916 42.5 12.4
- Cancun 6,160,215 6,096,651 7,783,576 27.7 26.4 19,374,608 15,604,679 22,398,564 43.5 15.6
- 8 Others Airports 2,173,012 1,812,504 2,350,459 29.7 8.2 6,409,253 4,728,484 6,573,352 39.0 2.6
Domestic Traffic 4,469,498 4,053,553 5,104,858 25.9 14.2 12,367,374 10,676,596 13,369,220 25.2 8.1
- Cancun 2,484,484 2,484,684 3,035,878 22.2 22.2 6,703,534 6,542,411 7,676,725 17.3 14.5
- 8 Others Airports 1,985,014 1,568,869 2,068,980 31.9 4.2 5,663,840 4,134,185 5,692,495 37.7 0.5
International traffic 3,863,729 3,855,602 5,029,177 30.4 30.2 13,416,487 9,656,567 15,602,696 61.6 16.3
- Cancun 3,675,731 3,611,967 4,747,698 31.4 29.2 12,671,074 9,062,268 14,721,839 62.5 16.2
- 8 Others Airports 187,998 243,635 281,479 15.5 49.7 745,413 594,299 880,857 48.2 18.2
Total San Juan, Puerto Rico 2,354,372 2,739,163 2,540,779 (7.2) 7.9 7,072,180 7,175,392 7,714,993 7.5 9.1
Domestic Traffic 2,098,971 2,552,192 2,286,307 (10.4) 8.9 6,315,138 6,811,926 7,041,345 3.4 11.5
International traffic 255,401 186,971 254,472 36.1 (0.4) 757,042 363,466 673,648 85.3 (11.0)
Total Colombia 3,192,585 3,043,742 4,369,335 43.6 36.9 8,807,551 6,920,374 12,048,267 74.1 36.8
Domestic Traffic 2,699,836 2,582,234 3,589,559 39.0 33.0 7,457,666 5,911,758 10,056,838 70.1 34.9
International traffic 492,749 461,508 779,776 69.0 58.3 1,349,885 1,008,616 1,991,429 97.4 47.5
Total traffic 13,880,184 13,692,060 17,044,149 24.5 22.8 41,663,592 34,428,929 48,735,176 41.6 17.0
Domestic Traffic 9,268,305 9,187,979 10,980,724 19.5 18.5 26,140,178 23,400,280 30,467,403 30.2 16.6
International traffic 4,611,879 4,504,081 6,063,425 34.6 31.5 15,523,414 11,028,649 18,267,773 65.6 17.7
Note: Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, while Puerto Rico includes transit passengers and general aviation.
Table 3: YoY Passenger Traffic Growth in 9M 2022
--- --- --- --- --- --- --- --- --- --- ---
Region JAN FEB MAR APR MAY JUN JUL AUG SEP Total
Mexico 65.1% 99.8% 69.9% 56.8% 30.5% 20.0% 21.5% 32.7% 31.7% 42.5%
Domestic Traffic 28.1% 42.4% 26.2% 29.3% 18.9% 12.3% 16.3% 32.9% 30.1% 25.2%
International Traffic 112.3% 177.0% 122.0% 89.4% 43.3% 27.3% 26.5% 32.5% 33.7% 61.6%
Puerto Rico 40.5% 50.8% 22.1% 16.0% 5.3% (5.8%) (10.0%) (3.2%) (8.2%) 7.5%
Domestic Traffic 35.6% 44.5% 16.7% 11.1% 1.1% (11.1%) (14.3%) (6.0%) (10.0%) 3.4%
International Traffic 135.4% 236.3% 217.0% 156.2% 116.0% 85.8% 48.5% 34.8% 17.4% 85.3%
Colombia 110.8% 86.5% 81.1% 143.3% 121.6% 66.0% 51.3% 46.0% 33.5% 74.1%
Domestic Traffic 104.6% 76.3% 74.0% 138.4% 128.0% 65.9% 47.9% 39.9% 29.6% 70.1%
International Traffic 153.6% 186.4% 140.1% 171.9% 95.2% 66.4% 69.2% 80.6% 56.8% 97.4%
Total 70.2% 86.8% 61.9% 61.4% 38.6% 23.1% 20.5% 28.4% 25.2% 41.6%
Domestic Traffic 50.3% 52.6% 35.6% 45.0% 33.0% 17.9% 14.7% 23.9% 20.5% 30.2%
International Traffic 116.6% 179.2% 125.2% 97.1% 49.7% 33.0% 31.4% 37.4% 36.0% 65.6%
ASUR 3Q22 Page 2 of 25
---

Review of Consolidated Results

Table 4: Summary of Consolidated Results
Third Quarter % Chg Nine- Months % Chg
2021 2022 2021 2022
Total Revenues 4,866,106 6,294,804 29.4 11,995,097 18,040,318 50.4
Aeronautical Services 2,558,755 3,648,226 42.6 6,528,090 10,364,032 58.8
Non-Aeronautical Services 1,745,527 2,189,412 25.4 4,346,601 6,376,296 46.7
Total Revenues Excluding Construction Revenues 4,304,282 5,837,638 35.6 10,874,691 16,740,328 53.9
Construction Revenues 561,824 457,166 (18.6) 1,120,406 1,299,990 16.0
Total Operating Costs & Expenses 2,295,286 2,598,979 13.2 6,126,869 7,282,797 18.9
Other Revenues - 301 0.0 - 45,848 0.0
Operating Profit 2,570,820 3,696,126 43.8 5,868,228 10,803,369 84.1
Operating Margin 52.8% 58.7% 589 bps 48.9% 59.9% 1096 bps
Adjusted Operating Margin ^1^ 59.7% 63.3% 359 bps 54.0% 64.5% 1057 bps
EBITDA 2,913,013 4,067,015 39.6 7,020,937 11,783,929 67.8
EBITDA Margin 59.9% 64.6% 475 bps 58.5% 65.3% 679 bps
Adjusted EBITDA Margin ^2^ 67.7% 69.7% 199 bps 64.6% 70.4% 583 bps
Net Income 1,957,451 2,678,375 36.8 4,325,345 7,896,173 82.6
Net Majority Income 1,793,950 2,546,504 41.9 3,970,624 7,425,328 87.0
Earnings per Share 5.9798 8.4883 41.9 13.2354 24.7511 87.0
Earnings per ADS in US$ 2.9762 4.2246 41.9 6.5872 12.3186 87.0
Total Commercial Revenues per Passenger ^3^ 117.6 116.5 (0.9) 115.6 118.9 2.9
Commercial Revenues 1,626,058 2,012,975 23.8 4,012,528 5,862,475 46.1
Commercial Revenues from Direct Operations per Passenger ^4^ 20.8 20.9 0.4 20.7 21.9 5.8
Commercial Revenues Excluding Direct Operations per Passenger 96.8 95.6 (1.2) 94.8 97.0 2.3
^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 y Colombia.
^4^ Represents ASUR’s operations in convenience stores.

Consolidated Revenues

Consolidated Revenues for 3Q22 increased 29.4% YoY, or Ps.1,428.7 million, to Ps.6,294.8 million and 53.3%, or Ps.2,188.5 million when compared to 3Q19. This YoY increase was mainly due to the following:

25.4% increase in revenues from non-aeronautical services to Ps.2,189.4 million. Mexico contributed Ps.1,607.0 million, while Puerto Rico and Colombia accounted for Ps.412.7 million and Ps.169.7 million, respectively; and
42.6% increase in revenues from aeronautical services to Ps.3,648.2 million. Mexico contributed Ps.2,571.3 million, while Colombia and Puerto Rico contributed Ps.545.7 million and Ps.531.2 million, respectively.
--- ---

This increase was partially offset by an 18.6%, or Ps.104.6 million, YoY decline in construction services revenues, principally in Mexico.

Excluding revenues from construction services, for which there is an equivalent expense recorded under IFRS accounting standards, total revenues would have increased 35.6% YoY to Ps.5,837.6 million.

Compared to 3Q19, revenues excluding construction services increased by 50.9%, driven by increases of 47.1% in revenues from non-aeronautical services and 53.2% in revenues from aeronautical services. Excluding revenues from construction services, Mexico represented 71.6% of ASUR´s total revenues in 3Q22, while Puerto Rico and Colombia represented 16.2% and 12.2%, respectively.

Commercial Revenues in 3Q22 increased 23.8% YoY to Ps.2,013.0 million, mainly reflecting the 24.5% increase in passenger traffic. Compared to 3Q19, commercial revenues increased 45.3%. Commercial revenues increased

ASUR 3Q22 Page 3 of 25

32.3% YoY to Ps.1,433.4 million in Mexico, and 34.9% to Ps.169.6 million in Colombia. This was partially offset by a 1.7% decline in commercial revenues to Ps.409.9 million in Puerto Rico.

Commercial Revenues per Passenger was Ps.116.5 in 3Q22, compared to Ps.117.6 in 3Q21 and Ps.99.2 in 3Q19.

Consolidated Operating Costs and Expenses

Consolidated Operating Costs and Expenses, including construction costs, increased 13.2% YoY, or Ps.303.7 million, to Ps.2,599.0 million in 3Q22, and 25.0%, or Ps.519.3 million, when compared to 2Q19.

Excluding construction costs, operating costs and expenses increased 23.6% YoY, or Ps.408.3 million, and 16.2% compared to 3Q19. Excluding expense recoveries in Puerto Rico of Ps.175.7 million in 3Q22 and Ps.165.4 million in 3Q21, as discussed below, operating costs and expenses would have increased YoY by 22.0% or Ps.418.6 million and 25.8% against 3Q19. The YoY increase was mainly due to the following variations:

Mexico: increased 25.8%, or Ps.260.7 million, mainly reflecting higher costs in connection to personnel, technical assistance and concession fees, security, maintenance and surety bond expenses, together with higher cost of sales from directly operated stores.
Puerto Rico: increased 19.4%, or Ps.78.7 million, principally due to higher energy costs, concession fees, maintenance expenses, personnel expenses, professional fees, taxes and duties as well as insurance and surety bond expenses. This was partially offset by a Ps.10.3 million increase in expense recoveries resulting from the Ps.175.7 million obtained in 3Q22 under the American Rescue Plan Act compared to the Ps.165.4 million obtained under the CARES Act in 3Q21.
--- ---
Colombia: increased 21.6%, or Ps.69.0 million, mainly reflecting increases in concession fees, together with higher energy, maintenance, personnel, taxes and surety bonds, as well as security expenses as a consequence of increased business activity.
--- ---

Cost of Services increased 32.0% YoY, or Ps.244.5 million, principally reflecting higher personnel costs, technical assistance and concession fees, security, energy, maintenance, insurance and surety bond expenses, as well as the cost of revenues from concession stores operated by ASUR.

Construction Costs declined 18.6% YoY, or Ps.104.6 million. This was mainly driven by YoY declines of 19.7%, or Ps.97.9 million in Mexico, by 9.9% or Ps.6.3 million in Puerto Rico, and by 23.0% or Ps.0.4 million in Colombia.

Administrative Expenses that reflect administrative costs in Mexico declined 15.0% YoY.

Consolidated Technical Assistance increased by 48.5% YoY mainly reflecting an increase in EBITDA in Mexico during 3Q22.

Concession Fees increased 39.3% YoY, principally due to increases of 44.5% in Mexico, 48.6% in Colombia and 4.1% in Puerto Rico, mainly due to higher regulated revenues which is a factor in the calculation of the concession fee.

Depreciation and Amortization increased 3.7% YoY, or Ps.18.6 million, principally due to an increase of 15.1%, or Ps.31.0 million in Mexico. This was partially offset by declines of 2.5%, or Ps.4.6 million in Puerto Rico and 6.9% or Ps.7.8 million in Colombia.

Consolidated Operating Profit and EBITDA

ASUR reported a Consolidated Operating Profit of Ps.3,696.1 million in 3Q22 and an Operating Margin of 58.7%, compared to a Ps.2,570.8 million consolidated operating profit and a 52.8% margin in 3Q21, and a Ps.2,026.6 million consolidated operating profit and 49.4% margin in 3Q19.

Adjusted Operating Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets in Mexico, Colombia and Puerto Rico was 63.3% in 3Q22 compared to 59.7% in 3Q21 and 52.4% in3Q19. Adjusted operating margin is calculated as operating profit or loss divided by total revenues less construction services revenues.

EBITDA increased 39.6%, or Ps.1,154.0 million, to Ps.4,067.0 million in 3Q22 from Ps.2,913.0 million in 3Q21. Compared to 3Q19, EBITDA increased 64.3%. By country of operations, EBITDA increased YoY by 50.7% or Ps.1,0577.5 million to Ps.3,145.2 million in Mexico, and by 66.5% or Ps.181.8 million to Ps.455.2 million in Colombia.

ASUR 3Q22 Page 4 of 25

EBITDA in Puerto Rico declined by 15.5%, or Ps.85.3 million, to Ps.466.6 million. Consolidated EBITDA margin in 3Q22 was 64.6% compared to 59.9% in 3Q21 and 60.3% in 3Q19.

Adjusted EBITDA 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 69.7% in 3Q22, compared to 67.7% in 3Q21, and 64.0% in 3Q19.

Consolidated Comprehensive Financing Gain (Loss)

Table 5: Consolidated Comprehensive Financing Gain (Loss)
Third Quarter % Chg Nine-Months % Chg
2021 2022 2021 2022
Interest Income 48,119 108,646 125.8 135,320 263,143 94.5
Interest Expense (203,934) (297,384) 45.8 (618,409) (544,313) (12.0)
Foreign Exchange Gain (Loss), Net 98,866 3,551 (96.4) 107,480 (37,325) n/a
Total (56,949) (185,187) 225.2 (375,609) (318,495) (15.2)

In 3Q22 ASUR reported a Ps.185.2 million Consolidated Comprehensive Financing Loss, compared to a Ps.56.9 million loss in 3Q21.

During 3Q22 ASUR reported a foreign exchange gain of Ps.3.5 million, resulting from the 0.5% quarterly average depreciation of the Mexican peso against the U.S. dollar (0.04% appreciation at quarter-end) during the period, together with a U.S. dollar net asset position. This compares to a Ps.98.9 million foreign exchange loss in 3Q21 resulting from the 0.6% quarterly average depreciation of the Mexican peso (3.3% quarter-end) on a U.S. dollar net asset position.

Interest expense increased Ps.93.4 million, or 45.8% YoY, due to the interest under the loan obtained with BBVA in October 2021 by the Cancun entity and Aerostar’s issuance of $50 million principal amount of 6.75% senior secured notes maturing in May 2035.

Interest income increased Ps.60.5 million, or 125.8% YoY reflecting a higher cash balance position.

Income Taxes

Income Taxes for 3Q22 increased Ps.276.1 million YoY, principally due to the following variations:

A Ps.289.5 million increase in income taxes, reflecting mainly a higher taxable income base in Mexico and Colombia resulting from the YoY recovery in revenues following the negative impact of the pandemic in 3Q21 and an increase in the applicable tax rate in Colombia to 35% from 31%.
A Ps.13.3 million decline in deferred income taxes. This mainly reflects a Ps.38.6 million tax benefit in certain airports in México, partly offset by a Ps.24.8 million increase in deferred income taxes in Colombia resulting from the increase in the applicable tax rate to 35.0% from 31.0%.
--- ---

Majority Net Income (Loss)

ASUR reported Majority Net Income of Ps.2,546.5 million for 3Q22, compared to Ps.1,793.9 million in 3Q21 and Ps.1,314.6 million in 3Q19. This resulted in earnings per common share in 3Q22 of Ps.8.4883, or earnings per ADS of US$4.2246 (one ADS represents ten series B common shares). This compares to earnings per share of Ps.5.9798, or earnings per ADS of US$2.9762 for the same period in the previous year, and with earnings per share of Ps.4.3821, or earnings per ADS of USS$2.1810 in 3Q19.

Net Income (Loss)

ASUR reported Net Income of Ps.2,678.4 million in 3Q22, an increase of Ps.720.9 million or 36.8% from Ps.1,957.4 million in 3Q21. This compares with net income of Ps.1,340.4 million reported in 3Q19.

Consolidated Financial Position

Airport concessions represented 74.2% of ASUR’s total assets on September 30, 2022, with current assets representing 25.5% and other assets 0.3%.

ASUR 3Q22 Page 5 of 25

Cash and cash equivalents as of September 30, 2022, amounted to Ps.13,917.4 million, a 58.7% increase from Ps.8,770.1 million as of December 31, 2021. Mexico, Colombia and Puerto Rico contributed with Ps.1,466.3 million, Ps.133.2 million and Ps.3,547.8 million to the increase in cash and cash equivalents, respectively.

As of September 30, 2022, 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.5,573.0 million, (ii) goodwill of Ps.959.9 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps.557.3 million, and (iv) a minority interest of Ps.5,236.6 million in stockholders' equity.

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 September 30, 2022: (i) the recognition of a net intangible asset of Ps.1,053.0 million, (ii) goodwill of Ps.1,576.2 million, iii) deferred taxes of Ps.281.1 million, and (iv) the recognition of Ps.249.9 million of bank loans at fair value.

Stockholders’ equity as of September 30, 2022, was Ps.48,518.7 million and total liabilities were Ps.22,441.8 million, representing 68.4% and 31.6% of ASUR’s total assets, respectively. Deferred liabilities represented 13.9% of ASUR’s total liabilities.

Total Debt at quarter-end increased 16.8% to Ps.16,098.1 million from Ps.13,779.5 million on December 31, 2021, mainly reflecting the issuance of Notes in Puerto Rico, partially offset by principal payments of Ps.107.1 million.

On September 30, 2022, 28.8% of ASUR’s Total Debt was denominated in Mexican pesos, 64.9% in U.S. Dollars (at Aerostar in Puerto Rico) and 6.3% in Colombian pesos.

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 $50 million principal amount of 6.75% senior secured notes to mature in 2035. All long-term debt is collateralized by Aerostar’s assets.

LTM Net Debt-to-LTM EBITDA stood at 0.1x at the end of 3Q22, while the Interest Coverage Ratio was 10.7x. This compares with LTM Net Debt-to-LTM EBITDA of 0.4x and an Interest Coverage Ratio of 6.9x at September 30, 2021, respectively.

Table 6: Consolidated Debt Indicators
September 30, 2021 December 31, 2021 September 30, 2022
Leverage
Total Debt/ LTM EBITDA (Times) ^1^ 1.7 1.3 1.1
Total Net Debt/ LTM EBITDA (Times) ^2^ 0.4 0.5 0.1
Interest Coverage Ratio ^3^ 6.9 8.4 10.7
Total Debt 14,075,746 13,779,547 16,098,094
Short-term Debt 1,321,322 578,144 1,682,322
Long-term Debt 12,754,424 13,201,403 14,415,772
Cash & Cash Equivalents 11,042,598 8,770,062 13,917,369
Total Net Debt ^4^ 3,033,148 5,009,485 2,180,725
^1^The Total Debt to EBITDA Ratio is calculated as ASUR’s interest-bearing liabilities divided by its EBITDA.
^2^ The Total Net Debt to EBITDA Ratio is calculated as ASUR’s interest-bearing liabilities minus Cash & Cash Equivalents, divided by its EBITDA.
^3^The Interest Coverage Ratio for Mexico is calculated as ASUR’s LTM EBIDA divided by its LTM interest expenses. For Puerto Rico it is calculated as LTM Cash Flow Generation divided LTM debt service, and for Colombia as LTM EBITDA minus LTM taxes divided by LTM debt service.
^4^ Total net debt is calculated as Asur´s total debt without cash & cash Equivalents
ASUR 3Q22 Page 6 of 25
---
Table 7: Consolidated Debt Profile (million)*
--- --- --- --- ---
Aeropuerto de Cancún 000´Mxp
Monto Original 200´M 50´M BBVA 2,000 Sindicated Loan 440,000
Principal Balance as of September 30, 2022 200.0 42.0 2,000.0 167,897.5
2022 - - - -
2023 - - 150.0 -
2024 - - 200.0 -
2025 - - 275.0 57,900.1
2026 - - 375.0 72,600.0
2027 - - 475.0 37,397.5
2028 - - 525.0 -
2029 - - - -
2030 - - - -
2031 - - - -
2032 - - - -
2033 - - - -
2034 - - - -
2035 200.0 42.0 - -
*Expressed in the original currency of each loan.
Note: the syndicated loans in Mexico were incurred in October 2017. The Puerto Rico bonds were issued in March 2013 and June 2015. In both cases, the maturity date was modified to 2035. In July 2022, Aerostar issued US200 million senior secured notes due March 22, 2035. The syndicated loan in Colombia was obtained in June 2015 with a grace period of three years. In April 2022, Airplan made principal payments amounting to Cop.150,000 million, and the next principal payment is due in 2025.
1 DTF is an average 90-day rate to which the credit facilities in Colombia are pegged.

All values are in US Dollars.

Strong Liquidity Position and Healthy Debt Maturity Profile

ASUR closed 3Q22 with a solid financial position, with cash and cash equivalents totaling Ps.13,917.4 million and Ps.16,098.1 million in Total Debt. ASUR has no debt maturities in 4Q22 as Aerostar renegotiated the maturity of its US$50 million Notes to May 2035 and issued a US$200 million note due 2035. Likewise, Colombia paid Ps.794.5 million in principal amount of outstanding debt, the next payment being due in 2025.

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

Table 8: Liquidity Position at September 30, 2022
Figures in Thousands of Mexican Pesos
Figures in Thousands of Mexican Pesos Cash & Equivalents Total Debt Short-term Debt Long-term Debt Principal payments (October – December 2022)
Mexico 7,166,575 4,638,018 1,434,340 3,203,678 0
Puerto Rico 5,842,900 10,444,048 242,288 10,201,760 0
Colombia 907,894 1,016,028 5,694 1,010,334 0
Total 13,917,369 16,098,094 1,682,322 14,415,772 -
ASUR 3Q22 Page 7 of 25
---
Table 9: Principal Debt Payments as of September 30, 2022
--- --- --- --- ---
Figures in Thousands of Mexican Pesos
Region of Operation 2022 2023 2024 2025/2034
México 0 1,475,000 1,525,000 1,650,000
Puerto Rico ^1^ 0 225,958 248,902 6,163,370
Colombia ^2^ 0 0 0 735,039
Total 1,700,958 1,773,902 8,548,409
^1^ Figures in pesos converted at the exchange rate at the close of the quarter Ps.20.0925= US$1.00
---
^2^ Figures in pesos converted at the exchange rate at the close of the quarter of COP228.42=Ps.1.00
Note: Figures only reflects principal payments.
Table 10: Debt Ratios at September 30, 2022
--- --- --- --- --- ---
LTM EBITDA and LTM Interest Expenses figures of thousands Mexican Pesos
Region LTM EBITDA LTM Interest Expense Debt Coverage<br> Ratio Minimum Coverage Requirement as per Agreements
Mexico ^1^ 11,498,115 376,505 30.5^(1)^ 3.0
Puerto Rico ^2^ 1,010,945 661,615 1.5^(2)^ 1.1
Colombia ^3^ 1,352,475 257,402 5.3^(3)^ 1.2
Total 13,861,535 1,295,522 10.7
^1^ Per the applicable debt agreement, the formula for the Interest Coverage ratio is: LTM EBITDA/ LTM Interest Expense.
^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.1.1 billion and LTM Debt Service was Ps.661,6 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.1.3 billion and Debt Service was Ps.275.4 million.

Accounts Receivables

Avianca Group exited Chapter 11 on December 2021 and Aeromexico on March 18, 2022. LatAm Airlines remains on Chapter 11. Aeromexico has paid outstanding debts while Avianca Group and LatAm Airlines Group are operating under the normal course of business. ASUR believes it has sufficient liquidity to meet its obligations and continue operating in the ordinary course of business. Accounts receivables increased 16.5% YoY in 3Q22, reflecting increased business activity as passenger traffic increased across ASUR’ s airport network.

Table 11: Accounts Receivable as of September 30, 2022

Figures in Thousands of Mexican Pesos

Region 3Q21 3Q22 % Chg
Mexico 1,179,656 1,496,634 26.9
Puerto Rico 199,284 92,760 (53.5)
Colombia 71,714 101,000 40.8
Total 1,450,654 1,690,394 16.5

Note: Net of allowance for bad debts.

Capital Expenditures

ASUR made capital expenditures of Ps.548.2 million in 3Q22. Of this amount, (i) Ps.482.8 million were allocated to modernizing the Company´s Mexican airports pursuant to its master development plans, (ii) Ps.64.0 million were invested by Aerostar in Puerto Rico and (iii) Ps.1.4 million were invested in Colombia. This compares to Ps.601.2 million invested in 3Q21, of which Ps.551.2 million were invested in Mexico, Ps.45.8 million in Puerto Rico and Ps.4.2 million in Colombia. During the first nine-months of 2022, ASUR invested a total of Ps.1,300.1 million, of which

ASUR 3Q22 Page 8 of 25

Ps.1,069.2 million were allocated to the Mexican airports, Ps.228.6 million to Puerto Rico and Ps.3.1 million to Colombia.

ASUR 3Q22 Page 9 of 25

Review of Mexico Operations

Tabla 12: Mexico Revenues & Commercial Revenues Per Passenger
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Total Passengers (in thousands) 7,946 10,187 28.2 20,430 29,125 42.6
Total Revenues 3,383,896 4,576,444 35.2 8,240,446 13,007,845 57.9
Aeronautical Services 1,688,499 2,571,345 52.3 4,261,374 7,251,624 70.2
Non-Aeronautical Services 1,199,391 1,606,981 34.0 3,003,365 4,670,711 55.5
Construction Revenues 496,006 398,118 (19.7) 975,707 1,085,510 11.3
Total Revenues Excluding Construction Revenues 2,887,890 4,178,326 44.7 7,264,739 11,922,335 64.1
Total Commercial Revenues 1,083,138 1,433,430 32.3 2,678,281 4,165,795 55.5
Commercial Revenues from Direct Operations 194,730 271,660 39.5 480,611 817,157 70.0
Commercial Revenues Excluding Direct Operations 888,408 1,161,770 30.8 2,197,670 3,348,638 52.4
Total Commercial Revenues per Passenger 136.3 140.7 3.2 131.1 143.0 9.1
Commercial Revenues from Direct Operations per Passenger ^1^ 24.5 26.7 8.8 23.5 28.1 19.3
Commercial Revenues Excluding Direct Operations per Passenger 111.8 114.1 2.0 107.6 115.0 6.9
For purposes of this table, approximately 37.2 and 52.6 thousand transit and general aviation passengers are included in 3Q21 and 3Q22 respectively, while 96.5 and 153.5 thousand transit and general aviation passengers are included in 9M21 and 9M22.
^1^ Represents the operation of ASUR in its convenience stores in Mexico.

Mexico Revenues

Mexico Revenues increased 35.2% YoY to Ps.4,576.4 million and 66.7% when compared to 3Q19.

Excluding construction, revenues increased 44.7% YoY, mainly reflecting increases of 52.3% in revenues from aeronautical services and 34.0% in revenues from non-aeronautical services, resulting principally from the 28.2% increase in passenger traffic. Compared to 3Q19, revenues excluding construction increased 60.2%, reflecting increases of 52.1% in revenues from non-aeronautical services and 65.7% from aeronautical services.

Commercial Revenues increased 32.3% YoY, principally reflecting the 28.2% increase in passenger traffic as shown in Table 12. Commercial Revenues per Passenger for 3Q22 increased to Ps.140.7 from Ps.136.3 in 3Q21 and Ps.114.3 in 3Q19.

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 eight new commercial spaces, five of which were opened Cancun, 2 at Cozumel and one at Tapachula airport, respectively. 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 September 30,2021
Bussines Line YoY Chg Type of Commercial Space ^1^ # Of Spaces Opened
3Q22 9M22
Duty Free 37.4% 67.1% Cancun 5
Food and Beverage 36.3% 63.0% Retail 2
Other Revenues 36.3% 59.3% Car rental 2
Retail 35.8% 61.5% Banks and foreign exchange 1
Car parking 32.5% 40.8% 8 Others airports 3
Ground Transportation 21.6% 46.8% Retail 1
Car rental 19.0% 26.6% Banks and foreign exchange 1
Teleservices 19.0% (15.3%) Car rental 1
Advertising 12.0% 15.7% Mexico 8
(21.7%) (2.5%)
Total Commercial Revenues 32.3% 55.5% ^1^Only includes new stores opened during the period and excludes remodelings or contract renewals.
ASUR 3Q22 Page 10 of 25
---

Mexico Operating Costs and Expenses

Table 15: Mexico Operating Costs & Expenses
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Cost of Services 474,252 604,728 27.5 1,450,158 1,690,765 16.6
Administrative 87,099 74,040 (15.0) 206,261 216,170 4.8
Technical Assistance 111,374 165,391 48.5 264,523 474,194 79.3
Concession Fees 130,911 189,177 44.5 327,009 536,164 64.0
Depreciation and Amortization 204,941 235,939 15.1 607,605 674,235 11.0
Operating Costs and Expenses Excluding Construction Costs 1,008,577 1,269,275 25.8 2,855,556 3,591,528 25.8
Construction Costs 496,006 398,118 (19.7) 975,707 1,085,510 11.3
Total Operating Costs & Expenses 1,504,583 1,667,393 10.8 3,831,263 4,677,038 22.1

Total Mexico Operating Costs and Expenses increased 10.8% YoY, or Ps.162.8 million. Excluding construction costs, operating costs and expenses increased 25.8% or Ps.260.7 million, mainly reflecting higher technical assistance, personnel expenses, concession fees, security and maintenance costs, as well as insurance and surety bonds. Higher cost of sales at stores operated by ASUR also contributed to higher costs.

Cost of Services increased 27.5% YoY, mainly reflecting higher security, maintenance, insurance and surety bond expenses together with higher cost of sales at stores operated directly by ASUR.

Administrative Expenses declined 15.0% YoY.

The Technical Assistance fee paid to ITA increased 48.5% YoY reflecting higher EBITDA in Mexico, which is used in the calculation of the fee.

Concession Fees, which include fees paid to the Mexican government, increased 44.5%, principally due to the increase in regulated revenues which is used in the calculation of the concession fee.

Depreciation and Amortization increased 15.1% YoY, reflecting higher investments to date.

Mexico Consolidated Comprehensive Financing Gain (Loss)

Table 16: Mexico Comprehensive Financing Gain (Loss)
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Interest Income 44,436 65,638 47.7 128,906 198,264 53.8
Interest Expense (71,068) (124,751) 75.5 (201,671) (326,325) 61.8
Foreign Exchange Gain (Loss), Net 98,909 4,110 (95.8) 107,513 (36,278) n/a
Total 72,277 (55,003) n/a 34,748 (164,339) n/a

ASUR’s Mexico operations reported a Ps.55.0 million Comprehensive Financing Loss in 3Q22, compared to a Ps.72.7 million gain in 3Q21. This was mainly due to a lower foreign exchange gain of Ps.4.1 million in 3Q22 resulting from the 0.5% average quarterly depreciation of the Mexican peso (0.04% appreciation at quarter-end) against the U.S. dollar on a foreign currency net asset position. This compares to a Ps.98.9 million foreign exchange gain in 3Q21, resulting from the 0.6% average depreciation of the Mexican peso during that period (3.3% at quarter-end) against the U.S. dollar on a foreign currency net asset position.

Interest expenses increased 75.5% YoY, or Ps.53.7 million, due to a higher debt balance as a result of the Ps.690 million in lines of credit drawn down in October 2021 for Cancun Airport, while Interest income increased 47.7% YoY or Ps.21.2 million, reflecting a higher cash balance.

ASUR 3Q22 Page 11 of 25

Mexico Operating Profit (Loss) and EBITDA

Table 17: Mexico Profit & EBITDA
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Total Revenue 3,383,896 4,576,444 35.2 8,240,446 13,007,845 57.9
Total Revenues Excluding Construction Revenues 2,887,890 4,178,326 44.7 7,264,739 11,922,335 64.1
Operating Profit 1,879,313 2,909,051 54.8 4,409,183 8,330,807 88.9
Operating Margin 55.5% 63.6% 803 bps 53.5% 64.0% 1054 bps
Adjusted Operating Margin ^1^ 65.1% 69.6% 455 bps 60.7% 69.9% 918 bps
Net Profit ^2^ 1,448,344 2,160,099 49.1 3,350,184 6,094,864 81.9
EBITDA 2,087,672 3,145,211 50.7 5,023,653 9,005,888 79.3
EBITDA Margin 61.7% 68.7% 703 bps 61.0% 69.2% 827 bps
Adjusted EBITDA Margin ^3^ 72.3% 75.3% 298 bps 69.2% 75.5% 639 bps
^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^ This result includes revenues from the participation of Aerostar Ps.222.4 million and 272.2 million in 3Q22 and 3Q21, respectively, for Airplan Ps.212.8 million and Ps.108.7 million in 3Q22 and 3Q21, respectively.
^3^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.

Mexico reported an Operating Gain of Ps.2,909.0 million in 3Q22 and an Operating Margin of 63.6%. This compares to an Operating Gain of Ps.1,879.3 million and an Operating Margin of 55.5% in 3Q21, and 60.7% in 3Q19.

Adjusted Operating Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets and which is calculated as operating profit divided by total revenues excluding construction services revenues, was 69.6% in 3Q22, compared to 65.1% in 3Q21 and 63.9% in 3Q19.

EBITDA increased 50.7% or Ps.1,057.5 million to Ps.3,145.2 million in 3Q22, from Ps.2,087.7 million in 3Q21 and Ps.1,837.7 million in 3Q19. EBITDA margin in 3Q22 was 68.7% compared to 61.7% in 3Q21 and 66.9% in 3Q19.

Adjusted EBITDA Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets, increased to 75.3% in 3Q22, compared to 72.3% in 3Q21, and 70.5% in 3Q19.

Mexico Tariff 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 September 30, 2022, totaled Ps.7,560.9 million, with an average tariff per workload unit of Ps.245.24 (December 2021 pesos), accounting for approximately 63.4% of total income in Mexico (excluding construction income) for the period.

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

Mexico Capital Expenditures

During 3Q22 ASUR invested Ps.482.8 million in connection with its plan to modernize its Mexican airports under its master development plans, compared to an investment of Ps.551.2 million in 3Q21. On an accumulated basis, ASUR invested Ps.1,069.2 million in the first nine months of 2022 compared to Ps.1,282.1 million during the same period in 2021.

ASUR 3Q22 Page 12 of 25

Review of Puerto Rico Operations

The following discussion compares Aerostar’s independent results for the three- and nine-month periods ended September 30, 2021 and 2022.

As of September 30, 2022, 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.5,573.0 million, (ii) goodwill of Ps.959.9 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps.557.3 million, and (iv) a minority interest of Ps.5,236.6 million in stockholders' equity.

Table 18: Puerto Rico Revenues & Commercial Revenues Per Passenger
In thousands of Mexican pesos
% Chg Nine-Months % Chg
2022 2021 2021 2022
Total Passengers (in thousands) 2,541 (7.2) 7,175 7,715 7.5
Total Revenues 1,001,545 0.2 2,675,932 3,015,339 12.7
Aeronautical Services 531,194 2.9 1,499,690 1,588,325 5.9
Non-Aeronautical Services 412,748 (1.7) 1,035,794 1,215,884 17.4
Construction Revenues 57,603 (9.9) 140,448 211,130 50.3
Total Revenues Excluding Construction Revenues 943,942 0.9 2,535,484 2,804,209 10.6
Total Commercial Revenues 409,935 (1.7) 1,028,614 1,207,414 17.4
Commercial Revenues from Direct Operations 88,725 (4.1) 238,898 263,352 10.2
Commercial Revenues Excluding Direct Operations 321,210 (1.1) 789,716 944,062 19.5
Total Commercial Revenues per Passenger 161.3 5.9 143.4 156.5 9.2
Commercial Revenues from Direct Operations per Passenger 1 34.9 3.4 33.3 34.1 2.6
Commercial Revenues Excluding Direct Operations per Passenger 126.4 6.7 110.1 122.4 11.2
Figures calculated in pesos at the average exchange rate of Ps.20.2334 = 1.00
1 Represents ASUR convenience store operations directly operated by ASUR

All values are in US Dollars.

Puerto Rico Revenues

Total Puerto Rico Revenues remained practically unchanged YoY at Ps.1,001.5 million in 3Q22.

Excluding construction services, revenues increased by 0.9%, mainly due to the following YoY variations:

A 2.9% increase in revenues from aeronautical services; and
A 1.7% decline in revenues from non-aeronautical services, which also reflects the 7.2% contraction in passenger traffic.
--- ---

Commercial Revenues per Passenger were Ps.161.3 in 3Q22, compared to Ps.152.3 in 3Q21 and Ps.124.2 in 3Q19.

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

ASUR 3Q22 Page 13 of 25
Table 19: Puerto Rico Commercial Revenue Performance Table 20: Puerto Rico Summary Retail and Other Commercial Space Opened since September 30, 2021
--- --- --- --- ---
Bussines Line YoY Chg Type of Commercial Space ^1^ # of Spaces Opened
3Q22 9M22
Food and beverage 24.6% 45.5% Retail 1
Car parking 13.0% 34.8% Food and beverage 4
Banks and foreign exchange 11.9% 17.5% Other revenues 2
Ground Transportation (0.8%) 30.6% Total Commercial space 7
Retail (5.8%) 9.9%
Car rentals (6.8%) 14.8%
Other revenues (10.1%) 29.0%
Duty Free (12.6%) (1.4%) ^1^ Only includes new stores opened during the period and excludes remodelings or contract renewals.
Advertising (21.3%) (13.8%)
Total Commercial Revenues (1.7%) 17.4%

Puerto Rico Operating Costs and Expenses

Table 21: Puerto Rico Operating Costs & Expenses
In thousands of Mexican pesos
% Chg Nine-Months % Chg
2022 2021 2021 2022
Cost of Services 256,331 46.6 604,484 619,543 2.5
Concession Fees 45,585 4.1 121,301 135,343 11.6
Depreciation and Amortization 182,000 (2.5) 553,971 551,105 (0.5)
Operating Costs and Expenses Excluding Construction Costs 483,916 19.4 1,279,756 1,305,991 2.1
Construction Costs 57,603 (9.9) 140,448 211,130 50.3
Total Operating Costs & Expenses 541,519 15.4 1,420,204 1,517,121 6.8
Figures in pesos at an average exchange rate of Ps.20.2334 = 1.00

All values are in US Dollars.

Total Operating Costs and Expenses at LMM Airport increased 15.4% YoY to Ps.541.5 million in 3Q22. Construction costs in the quarter declined by 9.9% to Ps.57.6 million from Ps.63.9 million in 3Q21.

Excluding construction costs, operating costs and expenses increased 19.4% YoY or Ps.78.7 million to Ps.483.9 million, principally due to increases in energy, concession fees, maintenance, personnel, professional fees, security, insurance and surety bonds. These higher costs were partially offset by a net benefit of Ps.10.3 million from the Ps.175.7 million expense recovery under the under the American Rescue Plan Act in 3Q22, compared with the Ps.165.4 million recovery received under the CARES Act in 3Q21.

Cost of Services increased 46.6% YoY or Ps.81.5 million, principally reflecting higher energy, maintenance, personnel, professional fees, security, and insurance and surety bond expenses. This was partially offset by the Ps.175.7 million expense reimbursement in Puerto Rico under the American Rescue Plan Act in 3Q22 compared with Ps.165.4 million reimbursed through the CARES Act in 3Q21.

Concession Fees paid to the Puerto Rican government increased 4.1% YoY, or Ps.1.4 million in 3Q22, reflecting higher passenger traffic in line with the concession agreement.

Depreciation and Amortization declined 2.5% YoY, or Ps.4.6 million, principally reflecting the FX translation impact as the quarter-end and average Mexican peso exchange rate fluctuated to Ps.20.0925 and Ps.20.2334 per U.S. dollar in 3Q22, from Ps.20.5623 and Ps.20.0178 per U.S. dollar in 3Q21.

Puerto Rico Comprehensive Financing Gain (Loss)

Table 22: Puerto Rico Comprehensive Financing Gain (Loss)
In thousands of Mexican pesos
% Chg Nine-Months % Chg
2022 2021 2021 2022
Interest Income 27,609 3,386.0 1,419 33,037 2,228.2
Interest Expense (148,892) 31.7 (341,505) (370,555) 8.5
Total (121,283) 8.1 (340,086) (337,518) (0.8)
Figures in pesos at an average exchange rate of Ps.20.2334 = 1.00

All values are in US Dollars.

ASUR 3Q22 Page 14 of 25

During 3Q22, Puerto Rico reported an Ps.121.3 million Comprehensive Financing Loss, compared to a Ps.112.2 million loss in 3Q21, principally due to interest accrued from the US$200 million bond issuance in July 2022.

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. Funds have not yet been withdrawn.

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 $50 million principal amount of 6.75% senior secured notes to mature in 2035. All long-term debt is collateralized by Aerostar’s assets.

Puerto Rico Operating Profit and EBITDA

Table 23: Puerto Rico Profit & EBITDA
In thousands of Mexican pesos
% Chg Nine-Months % Chg<br><br><br>2022
2022 2021 2021
Total Revenue 1,001,545 0.2 2,675,932 3,015,339 12.7
Total Revenues Excluding Construction Revenues 943,942 0.9 2,535,484 2,804,209 10.6
Other Revenues 301 n/a 45,848 n/a
Operating Profit 460,327 (13.3) 1,255,728 1,544,066 23.0
Operating Margin 46.0% (712 bps) 46.9% 51.2% 428 bps
Adjusted Operating Margin1 48.8% (794 bps) 49.5% 55.1% 554 bps
Net Income 329,679 (19.3) 886,802 1,177,114 32.7
EBITDA 466,602 (15.5) 1,457,368 1,547,895 6.2
EBITDA Margin 46.6% (861 bps) 54.5% 51.3% (313 bps)
Adjusted EBITDA Margin2 49.4% (954 bps) 57.5% 55.2% (228 bps)
Figures in pesos at an average exchange rate of Ps.20.2334 = 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.

All values are in US Dollars.

Operating Profit at Puerto Rico declined 13.3% to Ps.460.3 million resulting in an Operating Margin of 46.0%, from an operating profit of Ps.530.7 million and an Operating Margin of 53.1% in 3Q21, mainly resulting from a decline in passenger traffic and lower cost dilution. This represents an improvement from the Operating Profit of Ps.197.3 million and an Operating Margin of 24.4% reported in 3Q19.

EBITDA declined 15.5% to Ps.466.6 million in 3Q22 from Ps.551.9 million in 3Q21 but improved from Ps.367.9 million in 3Q19. EBITDA Margin, in turn, declined to 46.6% in 3Q22 from 55.2% in 3Q21, but represents an increase compared to the 45.5% margin reported in 3Q19. The Adjusted EBITDA Margin (which excludes IFRIC 12) decreased to 49.4% in 3Q22, from 59.0% in 3Q21, and improved from 48.7% in 3Q19.

Puerto Rico Capital Expenditures

During 3Q22, Aerostar invested Ps.64.0 million in capital expenditures, compared to investments of Ps.45.8 million in 3Q21. On an accumulated basis, Aerostar invested a total of Ps.228.6 million in the first nine months of 2022 compared to Ps.132.6 million during the same period in the previous year.

Puerto Rico Tariff Regulation

The Airport Use Agreement signed by Aerostar, the airlines serving LMM Airport, and the Puerto Rico Ports Authority govern 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

ASUR 3Q22 Page 15 of 25

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.

Review of Colombia Operations

The following discussion compares Airplan's independent results for the three-and nine-month periods ended September 30, 2021 and 2022.

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 September 30, 2022: (i) the recognition of a net intangible asset of Ps.1,053.0 million, (ii) goodwill of Ps.1,576.2 million, (iii) deferred taxes of Ps.281.1 million, and (iv) a Ps.249.9 million recognition of bank loans at fair value.

Table 24: Colombia Revenues & Commercial Revenues Per Passenger
In thousands of Mexican pesos
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Total Passenger 3,140 4,553 45.0 7,121 12,466 75.1
Total Revenues 482,325 716,815 48.6 1,078,719 2,017,134 87.0
Aeronautical Services 354,211 545,687 54.1 767,026 1,524,083 98.7
Non-Aeronautical Services 126,237 169,683 34.4 307,442 489,701 59.3
Construction Revenues ^1^ 1,877 1,445 (23.0) 4,251 3,350 (21.2)
Total Revenues Excluding Construction Revenues 480,448 715,370 48.9 1,074,468 2,013,784 87.4
Total Commercial Revenues 125,744 169,610 34.9 305,633 489,266 60.1
Total Commercial Revenues per Passenger 40.0 37.3 (6.8) 42.9 39.2 (8.6)
Figures in pesos at an average exchange rate of COL.216.3528 = Ps.1.00 Mexican pesos.
For the purposes of this table, approximately 96.4 and 183.3 thousand transit and general aviation passengers are included in 3Q21 and 3Q22, while 200.5 and 417.5 thousand transit and general aviation passengers are included in 9M21 and 9M22.

Colombia Revenues

Total Colombia Revenues increased 48.6% YoY to Ps.716.8 million and 29.8% compared to 3Q19. Excluding construction services, revenues rose 48.9% YoY. This mainly reflects increases of 54.1% in revenues from aeronautical services and 34.4% from non-aeronautical services, mainly impacted by the 34.9% increase in commercial revenues.

Commercial Revenues per Passenger was Ps.37.3 compared to Ps.40.0 in 3Q21 and Ps.42.2 in 3Q19.

As shown in Table 26, during the last twelve months, 57 new commercial spaces were opened in Colombia. More details of these openings can be found on page 21 of this report.

Table 25: Colombia Commercial Revenue Performance Table 26: Colombia Summary Retail and Other Commercial Space Opened since September 30, 2021
Bussines Line YoY Chg Type of Commercial Space ^1^ # of Spaces Opened
3Q22 9M22
Ground Transportation 589.4% 661.9% Retail 12
Car rental 299.0% 367.8% Banks and foreign exchange 3
Retail 91.5% 112.2% Food and beverage 7
Duty free 73.5% 126.4% Other revenues 34
Food and beverage 68.8% 85.9% Car rental 1
Banks and foreign exchange 67.7% 70.3% Total Commercial Spaces 57
Car parking 53.3% 88.3%
Advertising 47.1% 84.2%
Other revenues 6.2% 32.8% ^1^ Only includes new stores opened during the period and excludes remodelings or contract renewals.
Teleservices (14.3%) (4.0%)
Total Commercial Revenues 34.9% 60.1%
ASUR 3Q22 Page 16 of 25
---

Colombia Costs & Expenses

Table 27:  Colombia Costs & Expenses
In thousands of Mexican pesos
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Cost of Services 116,146 148,694 28.0 327,937 402,503 22.7
Technical Assistance 2,843 n/a
Concession Fees 90,877 135,041 48.6 203,771 381,135 87.0
Depreciation and Amortization 112,628 104,887 (6.9) 336,600 301,650 (10.4)
Operating Costs and Expenses Excluding Construction Costs 319,651 388,622 21.6 871,151 1,085,288 24.6
Construction Costs 1,877 1,445 (23.0) 4,251 3,350 (21.2)
Total Operating Costs & Expenses 321,528 390,067 21.3 875,402 1,088,638 24.4
Figures in pesos at an average exchange rate of COL. 216.3528 = Ps.1.00 Mexican pesos.

Total Operating Costs and Expenses in Colombia increased 21.3% YoY to Ps.390.1 million. Excluding construction costs, operating costs and expenses increased 21.6% YoY to Ps.388.6 million.

Cost of Services increased 28.0% YoY, or Ps.32.5 million. This was mainly due to increases in energy costs, maintenance provisions, personnel expenses, as well as increases in taxes and duties and security costs.

Construction Costs decreased 23.0% YoY, or Ps.0.4 million due to lower complementary works to concessioned assets compared 3Q21.

Concession Fees, which include fees paid to the Colombian government, increased 48.6% YoY, mainly reflecting the increase in regulated and non-regulated revenues during the period.

Depreciation and Amortization decreased 6.9%, principally reflecting the FX translation impact from the depreciation of the Colombian peso against the Mexican peso, as per IFRS 3.

Colombia Comprehensive Financing Gain (Loss)

Table 28: Colombia, Comprehensive Financing Gain (Loss)
In thousands of Mexican pesos
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Interest Income 2,891 15,399 432.7 6,077 31,842 424.0
Interest Expense (19,839) (23,741) 19.7 (76,315) 152,567 n/a
Foreign Exchange Gain (Loss), Net (43) (559) 1,200.0 (33) (1,047) 3,072.7
Total (16,991) (8,901) (47.6) (70,271) 183,362 n/a
Figures in pesos at an average exchange rate of COL.216.3528 = Ps.1.00 Mexican pesos.
---

During 3Q22, Airplan reported an Ps.8.9 million Comprehensive Financing Loss, compared to a Ps.17.0 million loss in 3Q21. This resulted mainly from the Ps.16.0 million amortization of the BBVA loan entered into concurrently with the acquisition of the company.

On June 1, 2015, Airplan entered into 12-Year Syndicated Loan Facility with eight banks. The net balance amounted to Ps.1.016.0 million as of September 30, 2022.

ASUR 3Q22 Page 17 of 25

Colombia Operating Profit (Loss) and EBITDA

Table 29:  Colombia Profit & EBITDA
In thousands of Mexican pesos
Third Quarter % Chg Nine-Months % Chg<br><br><br>2022
2021 2022 2021 2021
Total Revenue 482,325 716,815 48.6 1,078,719 2,017,134 87.0
Total Revenues Excluding Construction Revenues 480,448 715,370 48.9 1,074,468 2,013,784 87.4
Operating Profit 160,797 326,748 103.2 203,317 928,496 356.7
Operating Margin 33.3% 45.6% 1225 bps 18.8% 46.0% 2718 bps
Adjusted Operating Margin^1^ 33.5% 45.7% 1221 bps 18.9% 46.1% 2718 bps
Net Profit 100,354 188,597 87.9 88,359 624,195 606.4
EBITDA 273,422 455,202 66.5 539,916 1,230,146 127.8
EBITDA Margin 56.7% 63.5% 682 bps 50.1% 61.0% 1093 bps
Adjusted EBITDA Margin^2^ 56.9% 63.6% 672 bps 50.2% 61.1% 1084 bps
Figures in pesos at an average exchange rate of COL. 216.3528 = Ps.1.00 Mexican pesos.
^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.

ASUR’s operations in Colombia reported an Operating Profit of Ps.326.7 million in 3Q22, compared to Ps.160.8 million in 3Q21. Operating Margin was 45.6% in 3Q22, compared to 33.3% in 3Q21 and 29.7% in 3Q19. The Adjusted Operating Margin, which excludes the impact of IFRIC 12 with respect to construction of or improvements to concessioned assets increased to 45.7% in 3Q22, from 33.5% in 3Q21 and 32.4% in 3Q19.

EBITDA in 3Q22 was Ps.455.2 million resulting in an EBITDA Margin of 63.5%, compared to an EBITDA of Ps.273.4 million in 3Q21 and of Ps.270.0 million in 3Q19. EBITDA Margin was 56.7% in 3Q21 and 48.9% in 3Q19.

The Adjusted EBITDA Margin, which excludes the impact of IFRIC 12 with respect to construction or improvements to concessioned assets was 63.6% in 3Q22 compared to 56.9% in 3Q21, mainly due to the 48.9% increase in revenues. Adjusted EBITDA Margin for 3Q22 also exceeded the 53.4% reported in 3Q19 mainly reflecting the 41.5% increase in revenues during the period.

Colombia Capital Expenditures

During 3Q22 Airplan made capital investments of Ps.1.4 million compared to Ps.4.2 million in 3Q21. On an accumulated basis, Airplan invested Ps.3.1 million during 9M22 compared to Ps.3.7 million in 9M21.

Colombia Tariff 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 that are generated by the 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.

Airplan's regulated revenues amounted to Ps.545.7 million in 3Q22.

Definitions

Concession Services 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 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

ASUR 3Q22 Page 18 of 25

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.

Majority Net 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.

EBITDA means 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 or as an alternative to cash flow 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.

Adjusted EBITDA 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 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 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 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 or as an alternative to cash flow as an indicator of liquidity and is not defined under U.S. GAAP or IFRS and may be calculated differently by different companies.

About ASUR

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

Analyst Coverage

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 Casa de Bolsa, Banorte, Barclays, BBVA Bancomer, BofA Merrill Lynch, Bradesco, BTG Pactual, Citi Global Markets, Credit Suisse, GBM Grupo Bursatil, Goldman Sachs, HSBC Securities, Insight Investment Research, Itau BBA Securities, JP Morgan, Morgan Stanley, Nau Securities, Punto Research Santander, Scotiabank, 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.

ASUR 3Q22 Page 19 of 25

Forward Looking 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. In particular, the impact of the COVID-19 pandemic on global economic conditions and the travel industry, as well as on the business and results of operations of the Company in particular, is expected to be material, and, as conditions are changing rapidly, is difficult to predict. 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>+1-52-55-5284-0408<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 3Q22 Page 20 of 25
Passenger Traffic Breakdown by Airport
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Mexico Passenger Traffic ^1^
Third Quarter % Chg Nine - Months % Chg
2021 2022 2021 2022
Domestic Traffic 4,053,553 5,104,858 25.9 10,676,596 13,369,220 25.2
CUN Cancun 2,484,684 3,035,878 22.2 6,542,411 7,676,725 17.3
CZM Cozumel 64,859 56,687 (12.6 ) 121,384 131,438 8.3
HUX Huatulco 172,837 228,295 32.1 445,092 652,082 46.5
MID Merida 482,652 728,051 50.8 1,274,441 1,945,353 52.6
MTT Minatitlan 22,909 28,547 24.6 68,420 74,228 8.5
OAX Oaxaca 208,733 282,758 35.5 545,025 773,972 42.0
TAP Tapachula 104,854 119,589 14.1 289,256 354,214 22.5
VER Veracruz 257,614 322,964 25.4 722,171 902,477 25.0
VSA Villahermosa 254,411 302,089 18.7 668,396 858,731 28.5
International Traffic 3,855,602 5,029,177 30.4 9,656,567 15,602,696 61.6
CUN Cancun 3,611,967 4,747,698 31.4 9,062,268 14,721,839 62.5
CZM Cozumel 89,087 114,275 28.3 259,158 370,567 43.0
HUX Huatulco 7,309 6,467 (11.5 ) 18,973 65,099 243.1
MID Mérida 59,164 67,838 14.7 136,932 192,759 40.8
MTT Minatitlan 1,954 4,061 107.8 4,481 9,541 112.9
OAX Oaxaca 38,971 50,727 30.2 82,862 141,204 70.4
TAP Tapachula 6,501 4,313 (33.7 ) 10,118 10,784 6.6
VER Veracruz 28,729 26,641 (7.3 ) 59,178 70,317 18.8
VSA Villahermosa 11,920 7,157 (40.0 ) 22,597 20,586 (8.9 )
Total Traffic México 7,909,155 10,134,035 28.1 20,333,163 28,971,916 42.5
CUN Cancun 6,096,651 7,783,576 27.7 15,604,679 22,398,564 43.5
CZM Cozumel 153,946 170,962 11.1 380,542 502,005 31.9
HUX Huatulco 180,146 234,762 30.3 464,065 717,181 54.5
MID Merida 541,816 795,889 46.9 1,411,373 2,138,112 51.5
MTT Minatitlan 24,863 32,608 31.2 72,901 83,769 14.9
OAX Oaxaca 247,704 333,485 34.6 627,887 915,176 45.8
TAP Tapachula 111,355 123,902 11.3 299,374 364,998 21.9
VER Veracruz 286,343 349,605 22.1 781,349 972,794 24.5
VSA Villahermosa 266,331 309,246 16.1 690,993 879,317 27.3
US Passenger Traffic, San Juan Airport (LMM)
Third Quarter % Chg Nine - Months % Chg
2021 2022 2021 2022
SJU Total ^1^ 2,739,163 2,540,779 (7.2 ) 7,175,392 7,714,993 7.5
Domestic Traffic 2,552,192 2,286,307 (10.4 ) 6,811,926 7,041,345 3.4
International Traffic 186,971 254,472 36.1 363,466 673,648 85.3
Colombia, Passenger Traffic Airplan
Third Quarter % Chg Nine - Months % Chg
2021 2022 2021 2022
Domestic Traffic 2,582,234 3,589,559 39.0 5,911,758 10,056,838 70.1
MDE Medellín (Rio Negro) 1,850,236 2,663,250 43.9 4,093,875 7,450,389 82.0
EOH Medellín 284,890 339,689 19.2 692,976 928,022 33.9
MTR Montería 295,624 405,996 37.3 732,750 1,156,661 57.9
APO Carepa 60,669 68,580 13.0 153,181 272,244 77.7
UIB Quibdó 81,460 99,884 22.6 211,016 199,627 (5.4 )
CZU Corozal 9,355 12,160 30.0 27,960 49,895 78.5
International Traffic 461,508 779,776 69.0 1,008,616 1,991,429 97.4
MDE Medellín (Rio Negro) 461,508 779,776 69.0 1,008,616 1,991,429 97.4
EOH Medellín - - - - - -
MTR Montería - - - - - -
APO Carepa - - - - - -
UIB Quibdó - - - - - -
CZU Corozal - - - - - -
Total Traffic Colombia 3,043,742 4,369,335 43.6 6,920,374 12,048,267 74.1
MDE Medellín (Rio Negro) 2,311,744 3,443,026 48.9 5,102,491 9,441,818 85.0
EOH Medellín 284,890 339,689 19.2 692,976 928,022 33.9
MTR Montería 295,624 405,996 37.3 732,750 1,156,661 57.9
APO Carepa 60,669 68,580 13.0 153,181 272,244 77.7
UIB Quibdó 81,460 99,884 22.6 211,016 199,627 (5.4 )
CZU Corozal 9,355 12,160 30.0 27,960 49,895 78.5

1 Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, while Puerto Rico includes transit passengers and general aviation.

ASUR 3Q22 Page 21 of 25
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
--- --- ---
Commercial Spaces
ASUR Retail and Other Commercial Space Opened since September 30, 2021^1^
Business Name Type Opening Date
MEXICO
Cancun
Red Importadora, SA de CV (Gowin) Retail September 2021
Cancún Airport Services (minimarket) Retail July 2022
Mtrans MX FOX Car Rental August 2022
Comercial Ariete (Carflex) Car Rental August 2022
HSBC, SA. ATM Banks and Foreign Exchange September 2022
Cozumel
Morena Mia Beauty Group Retail September 2021
Tapachula
Global Lounge OP Mex, SA de CV Other Revenues June 2022
HSBC, SA. ATM Banks and Foreign Exchange July 2022
SAN JUAN, PUERTO RICO
Fresh @ the Gate (Management Group Investors, LLC) Food and Beverage January 2022
The Flight Park (G&G, LLC) Food and Beverage January 2022
Strong Med Vital Care (MRPV, LLC) Other Revenues February 2022
Power Packs 2 Go (PR Kiosk Solutions, LLC) Other Revenues February 2022
Corner Bistro (Management Group Investors, LLC) Food and Beverage March 2022
Beya (PS Imports, INC.) Retail March 2022
El Mesón Sandwiches (Management Group Investors, LLC) Food and Beverage June 2022
COLOMBIA
Rionegro
First Class Experiencias Cartagena S.A.S. Other Revenues October 2021
Globoshops S.A.S Retail October 2021
Fast Colombia S.A.S. Other Revenues November 2021
Organización Terpel S.A. Other Revenues November 2021
Ultra Air. S.A.S Other Revenues November 2021
Caribbean Support and Flight Services S.A.S. Other Revenues December 2021
Ez Air Sucursal Colombia Other Revenues December 2021
Globoshops S.A.S Retail December 2021
Jetsmart Airlines SPA Sucursal Colombia Other Revenues December 2021
Ultra Air. S.A.S Other Revenues December 2021
Apollo Freight Services Colombia SAS Other Revenues January 2022
Jetair Caribbean B.V. Sucursal Other Revenues January 2022
Magnum Logistics S.A.S. Other Revenues January 2022
Café de Santa Barbara S.A.S. Food and Beverage February 2022
Aires Aerovias Integracón Regional S.A Other Revenues March 2022
Globo Cambio Foreign Exchange S.A.S. Banks and Foreign Exchange March 2022
Toolbox Services MRO SAS Other Revenues March 2022
Aerosan S.A.S. Other Revenues April 2022
Menzies Aviation Colombia S.A.S Other Revenues April 2022
Banco Bilvao Viscalla Argentaria Colombia S.A Banks and Foreign Exchange April 2022
Viva Aerobus Other Revenues April 2022
Donuts de Antioquia S.A.S. Food and Beverage April 2022
Cambios Inter 1a SAS Banks and Foreign Exchange May 2022
Estrella Andina S.A.S. Food and Beverage June 2022
Estrella Andina S.A.S. Food and Beverage June 2022
Aerorepublica S.A. Other Revenues June 2022
Renting Colombia S.A.S Car Rental September 2022
Autosnack S.A.S. Retail September 2022
Olaya herrera
Moon Flights S.A.S Other Revenues October 2021
Grupo San German Express S.A.S Other Revenues November 2021
Cueros Velez S.A.S Retail November 2021
Central Aeroespace S.A.S Other Revenues December 2021
Distribuidora Pasteur S.A Retail December 2021
Grupo San German Express S.A.S Other Revenues January 2022
Fondo de Valoración del Municipio de Medellín Other Revenues January 2022
Servicio Aéreo a Territorios Nacionales S.A Other Revenues January 2022
Good-Fly Co S.A.S Other Revenues February 2022
Hagar 29 S.A.S. Other Revenues February 2022
Aeropaca S.A.S. Other Revenues March 2022
Moon Flight Services S.A.S Other Revenues April 2022
Pacifica de Aviación S.A.S. Other Revenues May 2022
Fondo de Valoración del Municipio de Medellín Other Revenues June 2022
PC Mejia S.A. Other Revenues June 2022
Autosnack S.A.S. Retail September 2022
Montería
Distribuidora Pasteur S.A Retail February 2022
Hagar 29 S.A.S. Other Revenues May 2022
ASUR 3Q22 Page 22 of 25
---
Quibdo
--- --- ---
Grupo San German Express S.A.S Other Revenues November 2021
Distribuidora Pasteur S.A Retail December 2021
Inversisa S.A.S. Food and Beverage November 2021
Moon Flights S.A.S Other Revenues June 2022
Carepa
Distribuidora Pasteur S.A Retail December 2021
Centro de Servicios
Cueros Velez S.A.S Retail November 2021
Inversisa S.A.S. Food and Beverage November 2021
STF Group S.A. Retail December 2021
Franquicias Taca SAS Retail January 2022
Instituto Colombiano de Crédito Educativo Icetex Other Revenues January 2022
Cristian David Mosquera Renteria Retail March 2022

* Only includes new stores opened during the period and excludes remodelings or contract renewals.

ASUR 3Q22 Page 23 of 25
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Operating Results per Airport
Thousands of mexican pesos
Item 3Q                     2021 3Q 2021 Per Workload Unit 3Q                    2022 3Q 2022 Per Workload Unit YoY % Chg. Per Workload Unit YoY % Chg.
Mexico
Cancun ^1^
Aeronautical Revenues 1,282,380 207.8 1,944,588 246.1 51.6 18.4
Non-Aeronautical Revenues 1,108,366 179.6 1,494,453 189.1 34.8 5.3
Construction Services Revenues 217,832 35.3 102,423 13.0 (53.0 ) (63.2 )
Total Revenues 2,608,578 422.7 3,541,464 448.2 35.8 6.0
Operating Profit 1,600,115 259.3 2,430,757 307.6 51.9 18.6
EBITDA 1,739,158 281.9 2,585,106 327.1 48.6 16.0
Merida
Aeronautical Revenues 120,249 200.4 208,914 243.8 73.7 21.7
Non-Aeronautical Revenues 34,625 57.7 43,187 50.4 24.7 (12.7 )
Construction Services Revenues 165,324 275.5 131,298 153.2 (20.6 ) (44.4 )
Other ^2^ 16 - 25 - 56.3 n/a
Total Revenues 320,214 533.6 383,424 447.4 19.7 (16.2 )
Operating Profit 70,385 117.3 148,334 173.1 110.7 47.6
EBITDA 83,312 138.9 168,289 196.4 102.0 41.4
Villahermosa
Aeronautical Revenues 54,510 195.4 82,920 256.7 52.1 31.4
Non-Aeronautical Revenues 12,844 46.0 16,750 51.9 30.4 12.8
Construction Services Revenues 10,679 38.3 30,646 94.9 187.0 147.8
Other ^2^ 23 0.1 22 0.1 (4.3 ) -
Total Revenues 78,056 279.8 130,338 403.6 67.0 44.2
Operating Profit 29,212 104.7 52,580 162.8 80.0 55.5
EBITDA 38,250 137.1 61,978 191.9 62.0 40.0
Other Airports ^3^
Aeronautical Revenues 231,360 225.9 334,923 265.2 44.8 17.4
Non-Aeronautical Revenues 43,556 42.5 52,591 41.6 20.7 (2.1 )
Construction Services Revenues 102,171 99.8 133,751 105.9 30.9 6.1
Other ^2^ 72 0.1 72 0.1 - -
Total Revenues 377,159 368.3 521,337 412.8 38.2 12.1
Operating Profit 109,238 106.7 174,230 137.9 59.5 29.2
EBITDA 151,578 148.0 226,679 179.5 49.5 21.3
Holding & Service Companies ^4^
Construction Services Revenues - n/a - n/a n/a n/a
Other ^2^ 191,172 n/a 115,706 n/a (39.5 ) n/a
Total Revenues 191,172 n/a 115,706 n/a (39.5 ) n/a
Operating Profit 70,363 n/a 103,150 n/a 46.6 n/a
EBITDA 75,374 n/a 103,160 n/a 36.9 n/a
Consolidation Adjustment Mexico
Consolidation Adjustment (191,282 ) n/a (115,825 ) n/a (39.4 ) n/a
Total Mexico
Aeronautical Revenues 1,688,499 209.2 2,571,345 248.5 52.3 18.8
Non-Aeronautical Revenues 1,199,391 148.6 1,606,981 155.3 34.0 4.5
Construction Services Revenues 496,006 61.4 398,118 38.5 (19.7 ) (37.3 )
Total Revenues 3,383,896 419.2 4,576,444 442.3 35.2 5.5
Operating Profit 1,879,313 232.8 2,909,051 281.2 54.8 20.8
EBITDA 2,087,672 258.6 3,145,211 304.0 50.7 17.6
San Juan Puerto Rico, US ^5^
Aeronautical Revenues 516,045 n/a 531,194 n/a 2.9 n/a
Non-Aeronautical Revenues 419,899 n/a 412,748 n/a (1.7 ) n/a
Construction Services Revenues 63,941 n/a 57,603 n/a (9.9 ) n/a
Total Revenues 999,885 n/a 1,001,545 n/a 0.2 n/a
Operating Profit 530,710 n/a 460,327 n/a (13.3 ) n/a
EBITDA 551,919 n/a 466,602 n/a (15.5 ) n/a
Consolidation Adjustment San Juan
Consolidation Adjustment - n/a - n/a n/a n/a
Colombia ^6^
Aeronautical Revenues 354,211 n/a 545,687 n/a 54.1 n/a
Non-Aeronautical Revenues 126,237 n/a 169,683 n/a 34.4 n/a
Construction Services Revenues 1,877 n/a 1,445 n/a (23.0 ) n/a
Total Revenues 482,325 n/a 716,815 n/a 48.6 n/a
Operating Profit 160,797 n/a 326,748 n/a 103.2 n/a
EBITDA 273,422 n/a 455,202 n/a 66.5 n/a
Consolidation Adjustment Colombia
Consolidation Adjustment - n/a - n/a n/a n/a
ASUR 3Q22 Page 24 of 25
---
CONSOLIDATED ASUR
--- --- --- --- --- --- --- ---
Aeronautical Revenues 2,558,755 n/a 3,648,226 n/a 42.6 n/a
Non-Aeronautical Revenues 1,745,527 n/a 2,189,412 n/a 25.4 n/a
Construction Services Revenues 561,824 n/a 457,166 n/a (18.6 ) n/a
Total Revenues 4,866,106 n/a 6,294,804 n/a 29.4 n/a
Operating Profit 2,570,820 n/a 3,696,126 n/a 43.8 n/a
EBITDA 2,913,013 n/a 4,067,015 n/a 39.6 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 hold the concessions for our airports, we do not report workload unit data for theses entities.

5 Reflects the results of operations of  San Juan Airport, Puerto Rico, U.S. for 3Q22.

6 Reflects the results of operations of  Airplan, Colombia, for 3Q22.

ASUR 3Q22 Page 25 of 25
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
--- --- --- --- --- --- --- --- --- --- --- ---
Consolidated Statements of Financial Position as of  September 30, 2022 and 2021
Thousands of mexican pesos
Item September 2022 December 2021 Variation %
Assets
Current Assets
Cash and Cash Equivalents 13,917,369 8,770,062 5,147,307 58.7
Cash and Cash Equivalents Restricted 1,551,809 123,081 1,428,728 1,160.8
Accounts Receivable, net 1,690,394 1,878,238 (187,844 ) (10.0 )
Document Receivable 148,618 105,000 43,618 41.5
Recoverable Taxes and Other Current Assets 802,220 785,719 16,501 2.1
Total Current Assets 18,110,410 11,662,100 6,448,310 55.3
Non Current Assets
Machinery, Furniture and Equipment, net 168,773 184,590 (15,817 ) (8.6 )
Intangible assets, airport concessions and Goodwill-Net 52,670,757 53,973,349 (1,302,592 ) (2.4 )
investment in Joint Venture 10,530 10,689 (159 ) (1.5 )
Total  Assets 70,960,470 65,830,728 5,129,742 7.8
Liabilities and Stockholders' Equity
Current Liabilities
Trade Accounts Payable 237,180 290,689 (53,509 ) (18.4 )
Bank Loans and Short Term Debt 1,682,322 578,144 1,104,178 191.0
Accrued Expenses and Others Payables 2,979,230 2,917,565 61,665 2.1
Total Current Liabilities 4,898,732 3,786,398 1,112,334 29.4
Long Term Liabilities
Bank Loans 4,214,012 6,603,006 (2,388,994 ) (36.2 )
Long Term Debt 10,201,760 6,598,397 3,603,363 54.6
Deferred Income Taxes 3,098,353 3,044,632 53,721 1.8
Employee Benefits 28,905 28,239 666 2.4
Total Long Term Liabilities 17,543,030 16,274,274 1,268,756 7.8
Total Liabilities 22,441,762 20,060,672 2,381,090 11.9
Stockholders' Equity
Capital Stock 7,767,276 7,767,276 - -
Legal Reserve 2,285,392 1,989,535 295,857 14.9
Mayority Net Income for the Period 7,425,328 5,983,747 1,441,581 24.1
Cumulative Effect of Conversion of Foreign Currency (216,496 ) 313,582 (530,078 ) n/a
Retained Earnings 22,301,301 21,122,411 1,178,890 5.6
Non- Controlling interests 8,955,907 8,593,505 362,402 4.2
Total Stockholders' Equity 48,518,708 45,770,056 2,748,652 6.0
Total Liabilities and Stockholders' Equity 70,960,470 65,830,728 5,129,742 7.8
Exchange Rate per Dollar Ps. 20.1335
ASUR 3Q22 Page 26 of 25
---
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Consolidated Statement of Income from January 1 to September 30,  2022 and 2021
Thousands of Mexican Pesos
Item 9M 9M % 3Q 3Q %
2021 2022 Chg 2021 2022 Chg
Revenues
Aeronautical Services 6,528,090 10,364,032 58.8 2,558,755 3,648,226 42.6
Non-Aeronautical Services 4,346,601 6,376,296 46.7 1,745,527 2,189,412 25.4
Construction Services 1,120,406 1,299,990 16.0 561,824 457,166 (18.6 )
Total Revenues 11,995,097 18,040,318 50.4 4,866,106 6,294,804 29.4
Operating Expenses
Cost of Services 2,382,579 2,712,811 13.9 765,225 1,009,753 32.0
Cost of Construction 1,120,406 1,299,990 16.0 561,824 457,166 (18.6 )
General and Administrative Expenses 206,261 216,170 4.8 87,099 74,040 (15.0 )
Technical Assistance 267,366 474,194 77.4 111,374 165,391 48.5
Concession Fee 652,081 1,052,642 61.4 265,560 369,803 39.3
Depreciation and Amortization 1,498,176 1,526,990 1.9 504,204 522,826 3.7
Total Operating Expenses 6,126,869 7,282,797 18.9 2,295,286 2,598,979 13.2
Other Revenues 45,848 n/a 301 n/a
Operating Income 5,868,228 10,803,369 84.1 2,570,820 3,696,126 43.8
Comprehensive Financing Cost (375,609 ) (318,495 ) (15.2 ) (56,949 ) (185,187 ) 225.2
Income Before Income Taxes 5,492,619 10,484,874 90.9 2,513,871 3,510,939 39.7
Provision for Income Tax 1,196,249 2,444,047 104.3 554,782 844,248 52.2
Deferred Income Taxes (28,975 ) 144,654 (599.2 ) 1,638 (11,684 ) (813.3 )
Net Income for the Year 4,325,345 7,896,173 82.6 1,957,451 2,678,375 36.8
Majority Net Income 3,970,624 7,425,328 87.0 1,793,950 2,546,504 41.9
Non-Controlling Interests 354,721 470,845 32.7 163,501 131,871 (19.3 )
Earning per Share 13.2354 24.7511 87.0 5.9798 8.4883 41.9
Earning per American Depositary Share (in U.S. Dollars) 6.5872 12.3186 87.0 2.9762 4.2246 41.9
Exchange Rate per Dollar Ps. 20.0925
ASUR 3Q22 Page 27 of 25
---
Grupo Aeroportuario del Sureste, S.A.B. de C.V.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Consolidated Statement of Cash Flow for the Periods of January 1, to September 30, 2022 an 2021.
Thousands of Mexican Pesos
Item 9M 9M % 3Q 3Q %
2021 2022 Chg 2021 2022 Chg
Operating Activities
Income Before Income Taxes 5,492,619 10,484,874 90.9 2,513,871 3,510,939 39.7
Depreciation and Amortization 1,498,176 1,526,990 1.9 504,204 522,826 3.7
Interest Income (135,320 ) (263,143 ) 94.5 (48,119 ) (108,646 ) 125.8
Interest Payables 618,408 544,313 (12.0 ) 203,933 297,384 45.8
Sub-Total 7,473,883 12,293,034 64.5 3,173,889 4,222,503 33.0
Trade Receivables (333,178 ) (3,375 ) (99.0 ) 291,316 106,059 (63.6 )
Recoverable Taxes and other Current Assets 95,328 (614,658 ) n/a (32,116 ) 21,284 n/a
Income Tax Paid (665,377 ) (1,759,632 ) 164.5 (227,312 ) (655,904 ) 188.5
Trade Accounts Payable 895,372 380,167 (57.5 ) 444,073 88,644 (80.0 )
Net Cash Flow Provided by Operating Activities 7,466,028 10,295,536 37.9 3,649,850 3,782,586 3.6
Investing Activities
Initial Recognition Cash Operadora 3,063 n/a 3,063 n/a
Loans Granted to Third Parties (105,000 ) (35,100 ) (66.6 ) (105,000 ) n/a
Proceeds for Cancellation of Land Acquisition Contract 286,283 n/a
Restricted Cash (8,087 ) (1,450,896 ) 17,841.1 1,492 (233,303 ) n/a
Investments in Machinery, Furniture and Equipment, net (1,418,484 ) (1,300,909 ) (8.3 ) (601,180 ) (548,227 ) (8.8 )
Interest Income 136,215 229,741 68.7 47,326 80,981 71.1
Net Cash Flow Used by Investing Activities (1,109,073 ) (2,554,101 ) 130.3 (657,362 ) (697,486 ) 6.1
Excess Cash to Use in Financing Activities 6,356,955 7,741,435 21.8 2,992,488 3,085,100 3.1
Bank Loans Net 2,630,000 4,069,700 54.7 2,650,000 4,069,700 53.6
Long Term Debt Paid (2,359,554 ) (1,070,644 ) (54.6 ) (2,156,552 ) (107,109 ) (95.0 )
Interest Paid (781,100 ) (936,886 ) 19.9 (313,324 ) (380,305 ) 21.4
Dividends Paid (4,509,000 ) n/a
Net Cash Flow used by Financing Activities (510,654 ) (2,446,830 ) 379.2 180,124 3,582,286 1,888.8
Net Increase in Cash and Cash Equivalents 5,846,301 5,294,605 (9.4 ) 3,172,612 6,667,386 110.2
Cash and Cash Equivalents at Beginning of Period 5,192,628 8,770,062 68.9 7,837,766 7,331,083 (6.5 )
Exchange Gain on Cash and Cash Equivalents 3,669 (147,298 ) n/a 32,220 (81,100 ) n/a
Cash and Cash Equivalents at the End of Period 11,042,598 13,917,369 26.0 11,042,598 13,917,369 26.0
ASUR 3Q22 Page 28 of 25
---