6-K

SOUTHEAST AIRPORT GROUP (ASR)

6-K 2024-07-24 For: 2024-07-24
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 July 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 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<br> Sureste, S.A.B. de C.V.
By: /s/ ADOLFO CASTRO RIVAS
Adolfo Castro Rivas
Chief Executive Officer

Date: July 23, 2024

Exhibit 99.1

ASURANNOUNCES 2Q24 RESULTS

Passenger Traffic Increased2.8% YoY

Mexico City, July 23, 2024 - GrupoAeroportuario 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 six-month periods ended June 30, 2024.


2Q24 Highlights^1^

· Total passenger traffic increased<br>2.8% year-over-year (“YoY”). By country of operations, passenger traffic presented the following YoY variations:
· Mexico: declined 4.7%, reflecting<br>decreases of 2.5% in international traffic and 7.0% in domestic traffic.
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· Puerto Rico (Aerostar): increased<br>8.5%, driven by growth of 7.8% and 13.9% in domestic and in international traffic, respectively.
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· Colombia (Airplan): increased<br>20.9%, resulting from increases of 29.6% in international traffic and 18.8% in domestic traffic.
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· Revenues increased 20.1% YoY to<br>Ps.7,394.0 million. Excluding construction services, revenues increased 17.7% during the period.
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· Consolidated revenues per Passenger<br>increased 4.6% to Ps.127.9.
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· Consolidated EBITDA increased 18.0% YoY to Ps.4,909.9 million.
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Table 1: Financial and Operating Highlights^1^
--- --- --- ---
Second Quarter % Chg.
2023 2024
Financial Highlights
Total Revenue 6,156,443 7,394,010 20.1
Mexico 4,541,133 5,428,666 19.5
San<br> Juan 1,036,616 1,182,580 14.1
Colombia 578,694 782,764 35.3
Commercial Revenues per PAX 122.3 127.9 4.6
Mexico 141.7 154.5 9.1
San<br> Juan 146.4 147.2 0.6
Colombia 40.7 47.3 16.2
EBITDA 4,160,306 4,909,874 18.0
Net<br> Income 2,649,413 3,779,413 42.7
Majority Net Income 2,444,711 3,673,567 50.3
Earnings<br> per Share (in pesos) 8.1490 12.2452 50.3
Earnings<br> per ADS (in US$) 4.4658 6.7105 50.3
Capex 152,927 636,780 316.4
Cash<br> & Cash Equivalents 14,474,035 14,996,995 3.6
Net<br> Debt (1,326,708) (2,842,542) 114.3
Net<br> Debt/ LTM EBITDA (0.1) (0.2) 100.1
Operational Highlights
Passenger<br> Traffic
Mexico 10,697,831 10,193,640 (4.7)
San<br> Juan 3,198,859 3,469,364 8.5
Colombia 3,389,611 4,099,011 20.9
· Adjusted EBITDA Margin (excluding IFRIC12) reached 69.2% compared<br>to 69.1% in 2Q23.
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· Closed 2Q24 with a cash position<br>of Ps.14,997.0 million and Debt to LTM Adjusted EBITDA of negative 0.2x.
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2Q24 Earnings Call

Day: Wednesday, July 24, 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: 13747378

Replay: Wednesday, July 24, 2024, at 2:00 PM ET, ending at 11:59 PM ET on Wednesday, July 31, 2024. Dial-in: 1-844-512-2921 (Toll-Free); 1-412-317-6671 (International). Access Code: 13747378

^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- and six-month periods ended June 30, 2024, and the equivalent three- and six-month periods ended June 30, 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. 18.2478 (source: Diario Oficial de la Federación de México), while Colombian peso figures are calculated at the exchange rate of COP.226.1200 = 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 2Q24 Page 1 of 25

Passenger Traffic

ASUR's total passenger traffic increased 2.8% YoY to 17.8 million in 2Q24.

In Mexico, total passenger traffic declined 4.7% YoY to 10.2 million in 2Q24, driven by decreases of 2.5% in international traffic and 7.0% in domestic traffic.

In Puerto Rico, total passenger traffic increased 8.5% YoY to 3.5 million in 2Q24, mainly driven by increases of 7.8% in domestic traffic and 13.9% in international traffic.

Total passenger traffic in Colombia for 2Q24 increased 20.9% YoY to 4.1 million passengers, driven by growth of 29.6% and 18.8% in domestic and international traffic, respectively.

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
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total México 10,697,831 10,193,640 (4.7) 21,771,122 21,690,050 (0.4)
- Cancun 8,153,866 7,508,459 (7.9) 16,638,564 16,238,550 (2.4)
- 8 Other Airports 2,543,965 2,685,181 5.6 5,132,558 5,451,500 6.2
Domestic Traffic 5,265,236 4,897,005 (7.0) 10,049,424 9,512,090 (5.3)
- Cancun 3,006,582 2,545,231 (15.3) 5,603,062 4,864,912 (13.2)
- 8 Other Airports 2,258,654 2,351,774 4.1 4,446,362 4,647,178 4.5
International Traffic 5,432,595 5,296,635 (2.5) 11,721,698 12,177,960 3.9
- Cancun 5,147,284 4,963,228 (3.6) 11,035,502 11,373,638 3.1
- 8 Other Airports 285,311 333,407 16.9 686,196 804,322 17.2
Total San Juan, Puerto Rico 3,198,859 3,469,364 8.5 6,105,897 6,731,260 10.2
Domestic Traffic 2,850,826 3,072,984 7.8 5,492,755 6,008,924 9.4
International Traffic 348,033 396,380 13.9 613,142 722,336 17.8
Total Colombia 3,389,611 4,099,011 20.9 7,274,928 7,903,243 8.6
Domestic Traffic 2,723,025 3,235,205 18.8 5,899,180 6,198,665 5.1
International Traffic 666,586 863,806 29.6 1,375,748 1,704,578 23.9
Total Traffic 17,286,301 17,762,015 2.8 35,151,947 36,324,553 3.3
Domestic Traffic 10,839,087 11,205,194 3.4 21,441,359 21,719,679 1.3
International Traffic 6,447,214 6,556,821 1.7 13,710,588 14,604,874 6.5
Note: Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, while Puerto Rico includes transit passengers and general aviation.

Table3: % YoY Change in Passenger Traffic 2024 & 2023

Region January February March April May June Total
Mexico 2.6% 5.7% 3.4% (5.6%) (3.0%) (5.5%) (0.4%)
Domestic Traffic (2.2%) (1.3%) (6.8%) (10.7%) (4.6%) (5.7%) (5.3%)
International Traffic 6.3% 10.9% 11.1% (1.0%) (1.3%) (5.2%) 3.9%
Puerto Rico 8.2% 12.6% 16.0% 9.4% 4.3% 11.6% 10.2%
Domestic Traffic 6.7% 12.0% 14.9% 9.4% 3.1% 10.9% 9.4%
International Traffic 23.1% 17.9% 27.1% 9.2% 15.4% 16.1% 17.8%
Colombia (10.1%) (3.4%) 9.4% 17.9% 20.2% 24.5% 8.6%
Domestic Traffic (14.1%) (7.8%) 3.6% 16.2% 17.8% 22.3% 5.1%
International Traffic 6.6% 16.9% 37.7% 25.3% 30.1% 33.1% 23.9%
Total 0.5% 4.8% 6.6% 1.3% 3.1% 3.8% 3.3%
Domestic Traffic (3.7%) (0.1%) 1.6% 0.9% 3.1% 6.0% 1.3%
International Traffic 6.9% 11.7% 13.9% 1.9% 3.0% 0.2% 6.5%

ASUR 2Q24 Page 2 of 25


Review of ConsolidatedResults


Table 4: Summary of Consolidated Results
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total Revenues 6,156,443 7,394,010 20.1 12,605,852 14,828,917 17.6
Aeronautical Services 3,710,976 4,613,942 24.3 7,588,394 9,257,579 22.0
Non-Aeronautical Services 2,313,978 2,480,028 7.2 4,736,590 5,014,865 5.9
Total Revenues Excluding Construction Revenues 6,024,954 7,093,970 17.7 12,324,984 14,272,444 15.8
Construction Revenues 131,489 300,040 128.2 280,868 556,473 98.1
Total Operating Costs & Expenses 2,252,366 3,051,086 35.5 4,688,124 5,906,770 26.0
Other Revenues - - 0.0 - - 0.0
Operating Profit 3,904,077 4,342,924 11.2 7,917,728 8,922,147 12.7
Operating Margin 63.4% 58.7% (468 bps) 62.8% 60.2% (264 bps)
Adjusted Operating Margin ^1^ 64.8% 61.2% (358 bps) 64.2% 62.5% (173 bps)
EBITDA 4,160,306 4,909,874 18.0 8,690,708 10,032,814 15.4
EBITDA Margin 67.6% 66.4% (117 bps) 68.9% 67.7% (128 bps)
Adjusted EBITDA Margin ^2^ 69.1% 69.2% 16 bps 70.5% 70.3% (22 bps)
Net income 2,649,413 3,779,413 42.7 5,251,658 6,966,167 32.6
Net income majority 2,444,711 3,673,567 50.3 4,957,073 6,755,658 36.3
Earnings per Share 8.1490 12.2452 50.3 16.5236 22.5189 36.3
Earnings per ADS in US$ 4.4658 6.7105 50.3 9.0551 12.3406 36.3
Total Commercial Revenues per Passenger ^3^ 122.3 127.9 4.6 122.8 126.4 2.9
Commercial Revenues 2,135,266 2,293,840 7.4 4,363,641 4,630,274 6.1
Commercial Revenues from Direct Operations per Passenger ^4^ 23.2 22.0 (5.6) 23.7 22.9 (3.2)
Commercial Revenues Excl. Direct Operations per Passenger 99.1 106.0 6.9 99.1 103.5 4.4

^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.

Consolidated Revenues

Consolidated Revenues increased 20.1% YoY, or Ps.1,237.6 million, to Ps.7,394.0 million, mainly due to the following increases:

· 128.2%, or Ps.168.5 million, YoY increase in construction<br>services revenues to Ps.300.0 million, principally in Mexico,
· 24.3%, or Ps.903.0 million in<br>aeronautical services revenues to Ps.4,613.9 million. Mexico contributed Ps.3,513.7 million, while Puerto Rico and Colombia accounted<br>for Ps.518.3 million and Ps.581.9 million, respectively; and
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· 7.2%, or Ps.166.0 million non-aeronautical<br>services revenues to Ps.2,480.0 million. Mexico contributed Ps.1,767.0 million, while Puerto Rico and Colombia accounted for Ps.513.5<br>million and Ps.199.5 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 17.7% YoY to Ps.7,094.0 million.

Excluding revenues from construction services, Mexico represented 74.4% of ASUR´s total revenues in 2Q24, while Puerto Rico and Colombia accounted for 14.5% and 11.1%, respectively.


Commercial Revenues in 2Q24 increased 7.4% YoY to Ps.2,293.8 million, mainly reflecting the 2.7% increase in passenger traffic (including transit and general aviation passengers). Commercial revenue growth was driven by increases of 3.9% to Ps.1,583.9 million in Mexico, 9.1% to Ps.510.8 million in Puerto Rico and 40.1% to Ps.199.1 million in Colombia.

ASUR 2Q24 Page 3 of 25

Commercial Revenues per Passenger increased 4.6% YoY to Ps.127.9 in 2Q24, from Ps.122.3 in 2Q23.

Consolidated Operating Costs and Expenses

Consolidated Operating Costs and Expenses, including construction costs, increased 35.5% YoY, or Ps.798.7 million, to Ps.3,051.1 million in 2Q24.

Excluding construction costs, operating costs and expenses increased 29.7%, or Ps.630.2 million, due to the following factors:

· Mexico: increased 18.1%,<br>or Ps.254.7 million, mainly due to higher costs in connection to personnel, concession fees, security and cleaning services, and maintenance<br>and conservation.
· Puerto Rico: increased<br>86.8%, or Ps.306.2 million, mainly due to the recovery of expenses under the CRRSAA Act for an amount of Ps.252.3 million in 2Q23. On<br>a comparable basis and excluding this benefit in 2Q23, operating costs and expenses increased 8.9%, or Ps.53.8 million, mainly due to<br>increases in personnel costs, electric energy, insurance and surety bonds, professional fees, security and depreciation and amortization.
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· Colombia: increased 19.2%,<br>or Ps.69.2 million, mainly due to increases in maintenance and conservation, personnel costs, taxes and duties, security and cleaning<br>services, insurance and surety bonds, concession fees, energy costs and depreciation and amortization.
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Cost of Services increased 37.0%, or Ps.368.4 million, YoY mainly due to increases in personnel costs, surveillance and cleaning services, maintenance and conservation, professional fees, insurance and bonds, electric energy, and taxes and duties.

Construction Costs increased 128.2% YoY, or Ps.168.5 million. This was mainly driven by a YoY increases of 100.5%, or Ps.74.2 million, in construction costs in Mexico, and 164.5%, or Ps.93.7 million, in Puerto Rico, and 89.6%, or Ps.0.6 million, in construction costs in Colombia.

Administrative Expenses that reflect administrative costs in Mexico increased 5.8% YoY.

Consolidated Technical Assistance Costs decreased by 42.5% YoY, as the technical assistance fee in Mexico decreased from 5% to 2.5% as of January 1, 2024.

Concession Fees increased 74.6% YoY, on a consolidated basis, principally due to increases of 115.4% in Mexico due to an increase in the concession fee from 5% to 9% as of January 1, 2024, together with increases of 30.2% in Colombia and 4.2% in Puerto Rico as a result of higher regulated and unregulated revenues.

Depreciation and Amortization increased 11.5% YoY, or Ps.58.6 million, principally due to an increase of 12.7%, or Ps.33.1 million in Mexico, 16.6%, or Ps.14.6 million in Colombia and 6.8%, or Ps.10.9 million, in Puerto Rico.


Consolidated Operating Profit and EBITDA

ASUR reported a Consolidated Operating Profit of Ps.4,342.9 million in 2Q24, with an operating margin of 58.7%, compared to Ps.3,904.1 million and an operating margin of 63.4% in 2Q23.

Adjusted Operating Margin was 61.2% in 2Q24 compared to 64.8% in 2Q23. 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.

EBITDA increased 18.0%, or Ps.749.6 million, to Ps.4,909.9 million in 2Q24, from Ps.4,160.3 million in 2Q23. By country of operations, EBITDA increased by 17.8%, or Ps.591.6 million to Ps.3,914.0 million in Mexico, and 1.7%, or Ps.9.3 million, to Ps.543.0 million in Puerto Rico and 48.9%, or Ps.148.7 million, to Ps.452.9 million in Colombia.

Consolidated EBITDA margin in 2Q24 was 66.4% compared to 67.6% in 2Q23.

ASUR 2Q24 Page 4 of 25

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 69.2% in 2Q24, compared to 69.1% in 2Q23.

Comprehensive Financing Gain (Loss)

Table 5: Consolidated Comprehensive Financing Gain (Loss)
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Interest Income 296,670 372,072 25.4 561,730 781,797 39.2
Interest Expense (281,678) (106,097) (62.3) (587,670) (361,499) (38.5)
Foreign Exchange Gain (Loss), Net (344,984) 941,963 n/a (831,892) 745,598 n/a
Total (329,992) 1,207,938 n/a (857,832) 1,165,896 n/a

In 2Q24 ASUR reported a Ps.1,207.9 million ConsolidatedComprehensive Financing Gain, compared to a Ps.330.0 million loss in 2Q23. This variation is mainly attributed to a foreign exchange gain of Ps.942.0 million in 2Q24 compared to a foreign exchange loss of Ps.345.0 million in 2Q23.

The foreign exchange gain in 2Q24 resulted from the 10.4% quarter-end depreciation of the Mexican peso against the U.S. dollar on a U.S. dollar net asset position (4.4% average depreciation) during the covered period. The foreign exchange loss in 2Q23 resulted from the 5.0% quarter-end appreciation of the Mexican peso against the U.S. dollar on a U.S. dollar net asset position (1.9% average appreciation) during the covered period.

Interest income increased 25.4%, or Ps.75.4 million reflecting a higher cash balance position, while interest expenses declined 62.3%, or Ps.175.6 million resulting from principal payments in Mexico and Puerto Rico.

Income Taxes

Income Taxes for 2Q24 increased Ps.844.9 million YoY, principally due to the following variations:

· A Ps.654.2 million increase in<br>income taxes, mainly due to a higher taxable income base in Mexico and Colombia.
· A Ps.190.7 million increase in deferred income taxes, mainly<br>in Mexico, resulting from the initial recognition of deferred income tax on untaxed accumulated profits from investments in Puerto Rico<br>and Colombia.
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Net Majority Income

ASUR reported Majority Net Income of Ps.3,673.6 million in 2Q24, compared to Ps.2,444.7 million in 2Q23. This resulted in earnings per common share in 2Q24 of Ps.12.2452, or earnings per ADS of US$6.7105 (one ADS represents ten series B common shares). This compared to earnings per share of Ps.8.1490, or earnings per ADS of US$4.4658 for 2Q23.

Net Income

ASUR reported Net Income of Ps.3,779.4 million in 2Q24, an increase of 42.7%, or Ps.1,130.0 million, from Ps.2,649.4 million in 2Q23.

Consolidated Financial Position

Airport concessions represented 69.5% of ASUR´s total assets as of June 30, 2024, with current assets representing 28.0% and other assets 2.5%.

ASUR 2Q24 Page 5 of 25

As of June 30, 2024, cash and cash equivalents amounted to Ps.14,997.0 million, an 8.1% increase from Ps.13,872.9 million as of December 31 2023. Cash and cash equivalents in México, Colombia and Puerto Rico amounted to Ps.10,911.7 million, Ps.2,193.6 million and Ps.1,891.7 million, respectively.

As of June 30, 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.4,770.1 million, (ii) goodwill of Ps.871.8 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps.477.0 million, and (iv) a minority interest of Ps.4,912.4 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 June 30, 2024: (i) the recognition of a net intangible asset of Ps.793.1 million, (ii) goodwill of Ps.1,431.5 million, (iii) deferred taxes of Ps.245.4 million, and (iv) a Ps.91.8 million recognition of bank loans at fair value.

As of June 30, 2024, Stockholders’ equity was Ps. Ps.53,207.0 million and total liabilities were Ps.19,467.0, representing 73.2% and 26.8% of ASUR’s total assets, respectively. Deferred liabilities represented 17.6% of ASUR’s total liabilities.

As of June 30, 2024, Total Debt declined 0.6% to Ps.12,154.4 million from Ps. 12,224.8 million as of December 31, 2023, mainly reflecting: (i) the FX conversion impact of the Mexican peso depreciation 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 and Ps.438.7 million in Colombia.

As of June 30, 2024, 20.0% of ASUR’s Total Debt was denominated in Mexican pesos, 76.8% in U.S. Dollars (at Aerostar in Puerto Rico) and 3.2% 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 June 30, 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 0.2x at the close of 2Q24, while the Interest Coverage Ratio was 12.2x. This compared with LTM Net Debt-to-LTM EBITDA of negative 0.1x and an Interest Coverage Ratio of 11.5x as of June 30, 2023, respectively.

Table 6: Consolidated Debt Indicators
June 30, 2023 December 31, 2023 June 30, 2024
Apalancamiento
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) (0.2)
Interest<br> Coverage Ratio ^3^ 11.5 11.4 12.2
Total Debt 13,147,327 12,224,770 12,154,453
Short-term<br> Debt 1,881,660 1,233,639 1,291,986
Long-term<br> Debt 11,265,667 10,991,131 10,862,467
Cash & Cash Equivalents 14,474,035 16,917,191 14,996,995
Total Net Debt ^4^ (1,326,708) (4,692,421) (2,842,542)
^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 2Q24 Page 6 of 25

Table<br> 7: Consolidated Debt (million)
Cancun<br> Airport M´Mxp Airplan<br> M Col Ps
Original<br> Amount 200´M 50´M Santander<br> 2,650 Syindicated<br> Loan<br><br> <br>440,000
Interest<br> Rate 4.92% 6.75% TIIE +1.5 pp DTF + 4pp
Principal Balance as of June 30,<br> 2024 200.0 42.0 675.0 67,897.2
2024 - -
2025 - - 675.0 -
2026 - - - 30,499.7
2027 - - - 37,397.5
2028 - - - -
2029 - - - -
2030 - - - -
2031 - - - -
2032 - - - -
2033 - - - -
2034 - - - -
2035 200.0 42.0 - -
1 DTF is an average 90-day rate<br> to which the credit facilities in Colombia are pegged.<br>  <br> The loans from Mexico were made in October<br> 2017, with Bancomer and Santander. The bonds from Puerto Rico were issued in March 2013 and June 2015 (in May 2022 the payment date<br> at maturity was modified to 2035). The syndicated loan from Colombia was obtained in June 2015, with a grace period of three years.<br> In April 2022, Airplan made capital payments for Cop. 100,000 million, and its next principal payment is due in September 2026. In<br> July 2022, Aerostar issued senior secured notes for US200,000 million due March 22, 2035. On November 30, 2022, March 29, 2023,<br> and September 29, 2023 Cancun Airport prepaid Ps.650 million, Ps.662.5 million and Ps.662.5 million of the loan with Santander, respectively.<br> Cancún Airport made capital payments of Ps.50 million of the BBVA loan on each of the following dates: April 14, 2023, July<br> 14, 2023, October 13, 2023, January 15, 2024 and 15 April 2024.<br>  <br> *Expressed in the original currency of<br> each loan.

All values are in US Dollars.


Strong Liquidity Position and HealthyDebt Maturity Profile

ASUR closed 2Q24 with a solid financial position, with cash and cash equivalents totaling Ps.14,997.0 million and Ps.12,154.4 million in Total Debt. A total of Ps.168.0 million in principal amount of outstanding debt payments is due in 3Q24.

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


Table 8: Liquidity Position as of June 30, 3024
Figures<br> in thousands of Mexican Pesos
Region of Operation Cash & Equivalents Total Debt Short-term Debt Long-term Debt Principal Payments (July - October 2024)
Mexico 10,911,734 2,425,149 909,257 1,515,892 50,000
Puerto<br> Rico 1,891,659 9,335,025 380,515 8,954,510 117,963
Colombia 2,193,602 394,279 2,214 392,065 0
Total 14,996,995 12,154,453 1,291,986 10,862,467 167,963

Table<br> 9: Debt Maturity Profile as of June 30, 2024
Figures<br> in thousands of Mexican Pesos
Region<br> of Operation 2025 2026 2027/2035
Mexico 950,000 375,000 1,000,000
Puerto<br> Rico 248,207 273,604 8,725,259
Colombia 0 134,883 165,388
Total 1,198,207 783,487 9,890,646
1<br> Figures in pesos converted at the exchange rate at the close of the quarter Ps.18.2478=US1.00
2<br> Figures in pesos converted at the exchange rate at the close of the quarter of COP 226.12=Ps.1.00
Note:<br> Figures only reflect principal payments.

All values are in US Dollars.



ASUR 2Q24 Page 7 of 25


Table 10: Debt Ratios at June 30, 2024
LTM EBITDA and interest expense figures in thousands of Mexican Pesos
Region LTM EBITDA LTM Interest Expenses Debt Coverage Ratio Minimum Coverage Requirement as per Agreements
Mexico<br> ^1^ 14,714,478 349,947 42.0 3.0
Puerto<br> Rico ^2^ 1,474,506 738,592 2.0 1.1
Colombia<br> ^3^ 1,261,408 345,552 3.7 1.2
Total 17,450,392 1,434,091 12.2
^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.<br> LTM Cash Flow Generation for the period was Ps.1,474,5 million and LTM Debt Service was Ps.738,6 million.
^3^Per the applicable debt agreement, the formula for the Debt Coverage ratio is: (LTM EBITDA minus LTM Taxes)/ LTM Debt Service.<br> EBITDA minus Taxes for the period amounted to Ps.1,261.4 million and Debt Service was Ps.345.6 million.


Accounts Receivables

Accounts receivables increased 28.5% YoY in 2Q24, mainly driven by increased activity in Mexico and Colombia.

On February 28 and March 29, 2023 Viva Colombia and Ultra Air in Colombia suspended operations. At the close of 2Q24, these two companies owed ASUR Ps.14.5 million and Ps.10.2 million, respectively and have been provisioned.

Table 11: Accounts Receivables at June 30, 2024
Figures<br> in thousands of Mexican Pesos
Region 2Q23 2Q24 % Chg.
Mexico 1,741,418 2,267,510 30.2
Puerto<br> Rico 156,871 138,474 (11.7)
Colombia 52,180 100,682 93.0
Total 1,950,469 2,506,666 28.5
Note:<br> Net of allowance for bad debts.

Capital Expenditures

ASUR made capital expenditures of Ps.646.8 million in 2Q24. Of this amount, Ps.461.6 million were allocated to modernizing the Company´s Mexican airports pursuant to its master development plans, Ps.173.7 million were invested by Aerostar in Puerto Rico and Ps.1.5 million were invested by Airplan in Colombia. This compared to Ps.152.9 million invested in 2Q23, of which Ps.81.3 million were invested in Mexico, Ps.70.9 million in Puerto Rico and Ps.0.7 million in Colombia. On an accumulated basis, ASUR made capital expenses for a total of Ps.819.4 million in 6M24, of which Ps.567.8 million, were allocated to its Mexican airports, Ps.246.1 million invested by Aerostar in Puerto Rico and Ps.5.5 million invested by Airplan in Colombia. This compares to a total of Ps.295.9 million invested in 6M23, of which Ps.151.6 million were allocated to its Mexican airports, Ps.137.6 million in Puerto Rico and Ps.6.7 million in Colombia.



ASUR 2Q24 Page 8 of 25


Review of MexicoOperations

Table 12: Mexico Revenues & Commercial Revenues Per Passenger
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total Passenger 10,764 10,249 (4.8) 21,899 21,803 (0.4)
Total Revenues 4,541,133 5,428,666 19.5 9,316,279 11,074,778 18.9
Aeronautical<br> Services 2,766,378 3,513,751 27.0 5,631,981 7,099,255 26.1
Non-Aeronautical<br> Services 1,700,963 1,766,963 3.9 3,527,025 3,641,091 3.2
Construction<br> Revenues 73,792 147,952 100.5 157,273 334,432 112.6
Total Revenues Excluding Construction Revenues 4,467,341 5,280,714 18.2 9,159,006 10,740,346 17.3
Total Commercial Revenues 1,524,765 1,583,901 3.9 3,161,011 3,262,322 3.2
Commercial<br> Revenues from Direct Operations 296,822 283,176 (4.6) 631,422 620,680 (1.7)
Commercial<br> Revenues Excluding Direct Operations 1,227,943 1,300,725 5.9 2,529,589 2,641,642 4.4
Total Commercial Revenues per Passenger 141.6 154.5 9.1 144.3 149.6 3.7
Commercial<br> Revenues from Direct Operations per Passenger ^1^ 27.6 27.6 0.2 28.8 28.5 (1.3)
Commercial<br> Revenues Excl. Direct Operations per Passenger 114.1 126.9 11.3 115.5 121.2 4.9
For the purposes of this table, approximately 66.6 and 55.0 thousand transit and general aviation passengers are included in 2Q23 and 2Q24 respectively, while 127.6 and 113.4 thousand transit and general aviation passengers are included in 6M23 and 6M24.
---
^1^ Represents the operation of ASUR in its convenience stores in Mexico.

Mexico Revenues


Mexico Revenues increased 19.5% YoY to Ps.5,429.0 million, mainly reflecting the new terms of the Master Development Plan published on December 13, 2023 and effective starting January 1, 2024.

Excluding construction, revenues increased 18.2% YoY, mainly due to increases of 27.0% in revenues from aeronautical services and 3.9% in revenues from non-aeronautical services.

Commercial Revenues increased 3.9% YoY, as shown in Table 12.

Commercial Revenues per Passenger for 2Q24 increased to Ps.154.5 compared to Ps.141.6 in 2Q23.

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, 6 at Merida, 2 each at Tapachila and Veracruz airports, and 1 each at Cancun, Oaxaca, Huatulco, Cozumel, Minatitlan, and Villahermosa airports. More details of these openings can be found on page 20 of this report.

Table 13: Mexico Commercial Revenue Performance **** Table 14: Mexico Summary Retail and Other<br><br> <br>Commercial Space Opened since June 30, 2023
Business Line YoY Chg Type of Commercial Space ^1^ # Of Spaces Opened
2Q24 6M24
Car<br> rental 30.0% 26.6% Cancun 1
Car<br> parking 9.9% 6.6% Car<br> rental 1
Advertising 9.8% 12.8% 8 Others airports 16
Ground<br> Transportation 9.1% 9.8% Retail 2
Retail 5.9% 0.8% Car<br> rental 14
Banks<br> and foreign exchange 3.2% (8.3%) Mexico 17
Duty<br> Free 0.8% 2.4%
Other<br> Revenues (4.3%) (3.5%)
Teleservices (7.3%) (20.6%) ^1^Only includes new stores opened during the period and excludes remodelings or contract renewals.
Food<br> and Beverage (7.9%) (0.6%)
Total Commercial Revenues 3.9% 3.2%

ASUR 2Q24 Page 9 of 25

Mexico Operating Costs and Expenses

Table 15: Mexico Operating Costs & Expenses
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Cost<br> of Services 689,629 744,473 8.0 1,312,734 1,433,606 9.2
Administrative 76,325 80,753 5.8 153,566 159,772 4.0
Technical<br> Assistance 174,434 100,279 (42.5) 364,745 206,594 (43.4)
Concession<br> Fees 204,826 441,248 115.4 411,827 891,511 116.5
Depreciation<br> and Amortization 261,444 294,588 12.7 517,681 583,772 12.8
Operating Costs and Expenses Excluding Construction Costs 1,406,658 1,661,341 18.1 2,760,553 3,275,255 18.6
Construction<br> Costs 73,792 147,952 100.5 157,273 334,432 112.6
Total Operating Costs & Expenses 1,480,450 1,809,293 22.2 2,917,826 3,609,687 23.7

Total Mexico Operating Costs and Expenses increased 22.2% YoY, or Ps.328.8 million. Excluding construction costs, operating costs and expenses increased 18.1%, or Ps.254.7 million, mainly due to higher concession fees, personnel expenses, surveillance and cleaning services, and maintenance and conservation costs.

Cost of Services increased 8.0% YoY, primarily due to increases in personnel, surveillance and cleaning services, maintenance, and conservation

Administrative Expenses increased 5.8% YoY.


The Technical Assistance fee declined 42.5% 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.

Concession Fees, which include fees paid to the Mexican government, increased by 115.4%, principally due to the 80% increase in the concession fee rate and the increase in the calculation base.

Depreciation and Amortization increased 12.7% YoY, due to the recognition of investments made to date.



Mexico Consolidated ComprehensiveFinancing Gain (Loss)


Table 16: Mexico Comprehensive Financing Gain (Loss)
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Interest<br> Income 216,770 286,652 32.2 401,189 595,297 48.4
Interest<br> Expense (117,682) (88,349) (24.9) (253,060) (181,848) (28.1)
Foreign<br> Exchange Gain (Loss), Net (344,478) 942,142 n/a (831,371) 745,722 n/a
Total (245,390) 1,140,445 n/a (683,242) 1,159,171 n/a

During 2Q24, ASUR’s Mexico operations reported a Ps.1,140.4 million Comprehensive Financing Gain, compared to a Ps.245.4 million loss in 2Q23. This was mainly due to a Ps.942.1 million foreign exchange gain reported in in 2Q24, resulting from the 10.4% quarter-end depreciation of the Mexican peso against the U.S. dollar on a foreign currency net asset position (4.4% average depreciation). This compared to a Ps.344.5 million foreign exchange loss in 2Q23, resulting from the 5.0% quarter-end appreciation of the Mexican peso during that period against the U.S. dollar on a foreign currency net asset position (1.9% average appreciation).

Interest income increased 32.2% YoY, or Ps.69.9 million, increase in interest income resulting from a higher cash balance, combined with a YoY decline of 24.9%, or Ps.29.3 million, in interest expenses mainly due to principal payments in 2023 and 1Q24.

ASUR 2Q24 Page 10 of 25


Mexico Operating Profit (Loss) and EBITDA


Table 17: Mexico Profit & EBITDA
Second Quarter % Chg. Six-Months % Chg.
--- --- --- --- --- --- ---
2023 2024 2023 2024
Total<br> Revenue 4,541,133 5,428,666 19.5 9,316,279 11,074,778 18.9
Total<br> Revenues Excluding Construction Revenues 4,467,341 5,280,714 18.2 9,159,006 10,740,346 17.3
Operating Profit 3,060,683 3,619,373 18.3 6,398,453 7,465,091 16.7
Operating<br> Margin 67.4% 66.7% (73<br> bps) 68.7% 67.4% (127<br> bps)
Adjusted<br> Operating Margin ^1^ 68.5% 68.5% 3<br> bps 69.9% 69.5% (35<br> bps)
Net<br> Profit ^2^ 1,978,141 3,189,436 61.2 4,128,265 5,854,406 41.8
EBITDA 3,322,367 3,913,960 17.8 6,916,382 8,048,862 16.4
EBITDA<br> Margin 73.2% 72.1% (106<br> bps) 74.2% 72.7% (156<br> bps)
Adjusted<br> EBITDA Margin ^3^ 74.4% 74.1% (25<br> bps) 75.5% 74.9% (57<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.
---
^2^This result includes revenues from the participation of Aerostar Ps.183.3 million and 327.0 million in 2Q24 and 2Q23, respectively,<br> for Airplan Ps.221.1 million and Ps.142.3 million in 2Q24 and 2Q23, 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.3,619.4 million and an Operating Margin of 66.7% in 2Q24. This compared to an Operating Gain of Ps.3,060.7 million and an OperatingMargin of 67.4% in 2Q23.

Adjusted Operating Margin remained unchanged YoY at 68.5%. 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.


EBITDA increased 17.8%, or Ps.591.6 million, to Ps.3,914.0 million in 2Q24, from Ps.3,322.4 million in 2Q23. EBITDA margin in 1Q24 was 72.1% compared to 73.2% in 2Q23.

Adjusted EBITDA Margin, which excludes the effect of IFRIC 12 with respect to the construction of or improvements to concessioned assets, was 74.1% in 2Q24, compared to 74.4% in 2Q23.


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 June 30, 2024 totaled Ps.7,335.5 million, with an average tariff per workload unit of Ps.326.4 (December 2023 Mexican pesos), representing approximately 68.3% 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.

Mexico Capital Expenditures

During 2Q24 ASUR invested Ps.461.6 million in connection with its plan to modernize its Mexican airports under its master development plans, compared to an investment of Ps.81.3 million in 2Q23. On an accumulated basis, capital investments in Mexican operations totaled Ps.567.8 million, compared to Ps.151.6 million in 2Q23.



Review of Puerto Rico Operations

The following discussion compares Aerostar’s independent results for the three and six-month periods ended June 30, 2023 and 2024.

As of June 30, 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.4,770.1 million, (ii) goodwill of Ps.871.8 million (net of an impairment of Ps.4,719.1 million), (iii) deferred taxes of Ps. 477.0 million, and (iv) a minority interest of Ps.4,912. million in stockholders' equity.


ASUR 2Q24 Page 11 of 25


Puerto Rico Revenues & Commercial Revenues Per Passenger
Figures<br> in thousands of Mexican Pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total Passenger 3,199 3,469 8.5 6,106 6,731 10.2
Total Revenues 1,036,616 1,182,580 14.1 2,047,559 2,216,162 8.2
Aeronautical<br> Services 508,939 518,307 1.8 1,037,234 1,020,895 (1.6)
Non-Aeronautical<br> Services 470,703 513,556 9.1 893,520 978,290 9.5
Construction<br> Revenues 56,974 150,717 164.5 116,805 216,977 85.8
Total Revenues Excluding Construction Revenues 979,642 1,031,863 5.3 1,930,754 1,999,185 3.5
Total Commercial Revenues 468,358 510,794 9.1 889,014 973,438 9.5
Commercial<br> Revenues from Direct Operations 108,903 110,571 1.5 209,510 218,049 4.1
Commercial<br> Revenues Excluding Direct Operations 359,455 400,223 11.3 679,504 755,389 11.2
Total Commercial Revenues per Passenger 146.4 147.2 0.6 145.6 144.6 (0.7)
Commercial<br> Revenues from Direct Operations per Passenger ^1^ 34.0 31.9 (6.4) 34.3 32.4 (5.6)
Commercial<br> Revenues Excl. Direct Operations per Passenger 112.4 115.4 2.7 111.3 112.2 0.8
Figures<br> in pesos at the average exchange rate Ps.17.2558 = US. 1.00 for 2Q24 and for 6M24 the figures in pesos at the exchange rate of Ps.17.1113<br> = USD1.00
---
^1^Represents ASUR´s operations in convenience stores in Puerto Rico.
---


Puerto Rico Revenues

Total Puerto Rico Revenues increased 14.1% YoY to Ps.1,182.6 million in 2Q24.

Excluding construction services, revenues increased by 5.3% YoY, mainly due to increases of 9.1% in revenues from non-aeronautical services and 1.8% in revenues from aeronautical services.

Commercial Revenues per Passenger were Ps.147.2 in 2Q24, compared to Ps.146.4 in 2Q23.

Four 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 Revenues Performance Table 20: Puerto Rico Summary Retail and Other Commercial Space Opened since June 30, 2023
Business Line YoY Chg. Type of Commercial Space ^1^ # of Spaces Opened
2T24 6M24
Ground<br> Transportation 24.8% 23.7% Food<br> and beverage 2
Advertising 24.8% 5.6% Retail 2
Food<br> and beverage 24.5% 21.0% Total Commercial space 4
Others<br> revenues 11.5% 8.2%
Car<br> rentals 9.9% 13.8%
Car<br> parking 7.6% 4.0% ^1^Solo incluye nuevas tiendas abiertas durante el periodo y excluye remodelaciones o renovaciones a contratos.
Duty<br> Free 6.6% (1.9%)
Retail 3.0% 4.9%
Banks<br> and foreign exchange 0.4% (2.7%)
Total Commercial Revenues 9.1% 9.5%

Puerto Rico Costs & Expenses

Table 21: Puerto Rico Operating Costs & Expenses
In<br> thousands of Mexican pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Cost<br> of Services 146,935 440,255 199.6 531,680 833,769 56.8
Concession<br> Fees 46,628 48,628 4.3 92,766 95,427 2.9
Depreciation<br> and Amortization 159,398 170,305 6.8 329,068 328,266 (0.2)
Operating Costs and Expenses Excluding Construction Costs 352,961 659,188 86.8 953,514 1,257,462 31.9
Construction<br> Costs 56,974 150,717 164.5 116,805 216,977 85.8
Total Operating Costs & Expenses 409,935 809,905 97.6 1,070,319 1,474,439 37.8

ASUR 2Q24 Page 12 of 25

Figures<br> in pesos at the average exchange rate Ps.17.2558 = US. 1.00 for 2Q24 and for 6M24 the figures in pesos at the exchange rate of Ps.17.1113<br> = USD1.00

Total Operating Costs and Expenses for 2Q24 in Puerto Rico increased 97.6% YoY to Ps.809.9 million. Construction costs increased 164.5%, to Ps.150.7 million in 2Q24 from Ps.57.0 million in 2Q23.

Excluding construction costs, operating costs andexpenses increased 86.8% YoY, or Ps.306.2 million, mainly due the recovery of expenses under the CRRSAA Act for an amount of Ps.252.3 million in 2Q23. Excluding this benefit in 2Q23, operating costs and expenses increased 8.9%, or Ps.53.8 million, mainly due to increases in personnel costs, together with higher energy insurance and surety bonds, professional fees, security costs and depreciation and amortization.


Cost of Services increased 199.6%, or Ps.293.3 million in 2Q24, principally reflecting the recovery of expenses under the ARPA law in 2Q23 for a total of Ps.252.3 million. Excluding this impact, cost of services increased 10.3%, or Ps.40.9 million, mainly due to higher personnel and energy costs, insurance and surety bonds, professional fees, and security services.


Concession Fees paid to the Puerto Rican government in 2Q24 increased 4.3% YoY, or Ps.2.0 million.


Depreciation and Amortization declined 6.8% YoY, or Ps.10.9 million, principally reflecting the foreign exchange translation impact.

Puerto Rico Comprehensive FinancingGain (Loss)

Table<br> 22: Puerto Rico Comprehensive Financing Gain (Loss)
In<br> thousands of Mexican pesos
% Chg. Six-Months % Chg.
2024 2023 2024
Interest<br> Income 30,604 (8.9) 64,928 61,163 (5.8)
Interest<br> Expense (129,971) (6.1) (285,878) (258,792) (9.5)
Total (99,367) (5.3) (220,950) (197,629) (10.6)
Figures<br> in pesos at the average exchange rate Ps.17.2558 = US. 1.00 for 2Q24 and for 6M24 the figures in pesos at the exchange rate of Ps.17.1113<br> = 1.00io de Ps.17.2558 = 1.00 para el 2T24 y para los 6M24 las cifras en pesos al tipo de cambio de Ps.17.1113 = 1.00

All values are in US Dollars.

During 2Q24, Puerto Rico reported a Ps.99.4 million Comprehensive Financing Loss, compared to a Ps.104.9 million loss in 2Q23, 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, which as of June 30, 2024 has not been withdrawn.

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 June 30, 2024, this credit line has not been drawn.

All long-term debt is collateralized by Aerostar’s assets.

ASUR 2Q24 Page 13 of 25


Puerto Rico Operating Profit and EBITDA

Table<br> 23: Puerto Rico Profit & EBITDA
In<br> thousands of Mexican pesos
% Chg. Six-Months % Chg.
2024 2023 2024
Total<br> Revenue 1,182,580 14.1 2,047,559 2,216,162 8.2
Total<br> Revenues Excluding Construction Revenues 1,031,863 5.3 1,930,754 1,999,185 3.5
Other<br> Revenues
Operating<br> Profit 372,675 (40.5) 977,240 741,723 (24.1)
Operating<br> Margin 31.5% (2894<br> bps) 47.7% 33.5% (1426<br> bps)
Adjusted<br> Operating Margin1 36.1% (2785<br> bps) 50.6% 37.1% (1351<br> bps)
Net<br> Income 264,615 (48.3) 736,460 526,273 (28.5)
EBITDA 542,982 1.7 1,053,944 1,069,990 1.5
EBITDA<br> Margin 45.9% (557<br> bps) 51.5% 48.3% (319<br> bps)
Adjusted<br> EBITDA Margin2 52.6% (186<br> bps) 54.6% 53.5% (107<br> bps)
Figures<br> in pesos at the average exchange rate Ps.17.2558 = US. 1.00 for 2Q24 and for 6M24 the figures in pesos at the exchange rate of Ps.17.1113<br> = 1.00
1<br> 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<br> 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.

All values are in US Dollars.



Operating Profit in Puerto Rico declined 40.5% to Ps.372.7 million, resulting in an Operating Margin of 31.5%, compared to an operating profit of Ps.626.7 million and an Operating Margin of 60.5% in 2Q23. This was mainly due to the recovery of expenses of Ps.252.4 million in 2Q23 under the CRRSAA Act in 2Q23.

EBITDA increased 1.7% to Ps.543.0 million in 2Q24 from Ps.533.7 million 2Q23. The EBITDA Margin declined to 45.9% in 2Q24 from 51.5% in 2Q23.

Adjusted EBITDA Margin (which excludes IFRIC 12) declined to 52.6% in 2Q24 from 54.5% in 2Q23.


Puerto Rico Capital Expenditures

During 2Q24, capital expenditures totaled Ps.173.6 million, compared to capital expenditures of Ps.70.9 million in 2Q23. On an accumulated basis, total capital expenditures increased to Ps.246.1 million in 6M24, compared to Ps.137.6 million in 6M23.


Puerto Rico 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 2Q24 Page 14 of 25


Review of ColombiaOperations

The following discussion compares Airplan's independent results for the three- and six-month periods ended June 30, 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 June 30, 2024: (i) the recognition of a net intangible asset of Ps.793.1 million, (ii) goodwill of Ps.1,431.5 million, (iii) deferred taxes of Ps.245.4 million, and (iv) a Ps.91.8 million recognition of bank loans at fair value.

Table 24: Colombia Revenues & Commercial Revenues Per Passenger
In<br> thousands of Mexican pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total Passengers 3,490 4,214 20.7 7,543 8,104 7.4
Total Revenues 578,694 782,764 35.3 1,242,014 1,537,977 23.8
Aeronautical<br> Services 435,659 581,884 33.6 919,179 1,137,429 23.7
Non-Aeronautical<br> Services 142,312 199,509 40.2 316,045 395,484 25.1
Construction<br> Revenues ^1^ 723 1,371 89.6 6,790 5,064 (25.4)
Total Revenues Excluding Construction Revenues 577,971 781,393 35.2 1,235,224 1,532,913 24.1
Total Commercial Revenues 142,143 199,145 40.1 313,616 394,514 25.8
Total Commercial Revenues per Passenger 40.7 47.3 16.2 41.6 48.7 17.1
Figures<br> in Mexican pesos at an average exchange rate of COP.227.4957 = Ps.1.00 Mexican pesos for 2Q24 and COP.228.9373 = Ps.1.00 for 6M24.
---
For<br> the purposes of this table, approximately 100.6 and 115.3 thousand transit and general aviation passengers are included in 2Q23 and<br> 2Q24 while 267.9 and 200.5 thousand transit and general aviation passengers are included in 6M23 and 6M24.

Colombia Revenues

Total Revenues in Colombia increased 35.3% YoY to Ps.782.8 million. Excluding construction services, revenues increased 35.2% YoY, principally reflecting the increase in international traffic during the period.

Commercial Revenue per Passenger was Ps.47.3 compared to Ps.40.2 in 2Q23.


As shown in Table 26, during the past twelve-months a total of 33 new commercial spaces were opened in Colombia: 16 in Rionegro, 11 in Olaya Herrera, and 2 each in Monteria, Quibdó, and the Service Center. Further details of these openings can be found on page 21 of this report.

As shown in Table 26, during the past twelve-months a total of 33 new commercial spaces were opened in Colombia: 16 in Rionegro, 11 in Olaya Herrera, and 2 each in Monteria, Quibdó, and the Service Center. 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 June 30, 2023
Bussines Line YoY Chg Type of Commercial Space ^1^ # of Spaces Opened
2Q24 6M24
Advertising 188.8% 63.8% Food<br> and beverage 5
Food<br> and beverage 82.6% 28.2% Retail 1
Duty<br> free 45.3% 40.5% Car<br> rental 1
Others<br> revenues 32.5% 26.1% Banks<br> and foreign exchange 1
Ground<br> Transportation 32.4% (29.4%) Others<br> revenues 25
Banks<br> and foreign exchange 32.0% 22.2% Total Commercial Spaces 33
Car<br> parking 30.2% 26.5%
Retail 24.2% 15.0%
Teleservices (8.3%) (7.0%) ^1^Only includes new stores opened during the period and excludes remodelings or contract renewals.
Car<br> rental (8.7%) (1.3%)
Total Commercial Revenues 40.1% 25.8%

ASUR 2Q24 Page 15 of 25

Colombia Costs & Expenses


Table 27:  Colombia Costs & Expenses
In<br> thousands of Mexican pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Cost<br> of Services 159,580 179,861 12.7 276,241 327,473 18.5
Technical<br> Assistance
Concession<br> Fees 114,166 148,600 30.2 238,600 291,478 22.2
Depreciation<br> and Amortization 87,512 102,056 16.6 178,348 198,629 11.4
Operating Costs and Expenses Excluding Construction Costs 361,258 430,517 19.2 693,189 817,580 17.9
Construction<br> Costs 723 1,371 89.6 6,790 5,064 (25.4)
Total Operating Costs & Expenses 361,981 431,888 19.3 699,979 822,644 17.5
Figures<br> in pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos for 2Q24 and for 6M24 the figures in pesos at the Colombian<br> exchange rate of COP.228.9373 = Ps.1.00 Mexican pesos.

Total Operating Costsand Expenses in Colombia increased 19.3% YoY to Ps.431.9 million. Excluding construction costs, operating costs and expenses increased 19.2% YoY to Ps.430.5 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.


Cost of Services increased 12.7% YoY, or Ps.20.3 million, principally resulting from higher maintenance and conservation costs, personnel expenses, taxes and duties, as well as security, cleaning surety bond costs end energy costs.

Construction Costs increased 89.6% YoY, or Ps.0.6 million.


Concession Fees, which include fees paid to the Colombian government, increased 30.2% YoY, principally due to the increase in regulated and non-regulated revenues during the period.

Depreciation and Amortization increased 16.6% YoY.

Colombia Comprehensive Financing Gain (Loss)


Table 28: Colombia, Comprehensive Financing Gain (Loss)
In<br> thousands of Mexican pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Interest<br> Income 46,315 54,816 18.4 95,613 125,337 31.1
Interest<br> Expense (25,534) 112,223 n/a (48,732) 79,141 n/a
Foreign<br> Exchange Gain (Loss), Net (506) (179) (64.6) (521) (124) (76.2)
Total 20,275 166,860 723.0 46,360 204,354 340.8
Figures<br> in pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos for 2Q24 and for 6M24 the figures in pesos at the Colombian<br> exchange rate of COP.228.9373 = Ps.1.00 Mexican pesos.

During 2Q24, Colombia reported a Ps.166.9 million Comprehensive Financing Gain, compared to a Ps.20.3 million gain in 2Q23. Interest income increased 18.4% reflecting a higher cash position and rates.

Interest expenses declined by Ps.137.8 million, mainly due to the amortization at fair value of the loan originated in the acquisition of the business for Ps.135.2 million.


ASUR 2Q24 Page 16 of 25


Colombia Operating Profit (Loss)and EBITDA

Table 29:  Colombia Profit & EBITDA
In<br> thousands of Mexican pesos
Second Quarter % Chg. Six-Months % Chg.
2023 2024 2023 2024
Total<br> Revenues 578,694 782,764 35.3 1,242,014 1,537,977 23.8
Total<br> Revenues Excluding Construction Revenues 577,971 781,393 35.2 1,235,224 1,532,913 24.1
Operating Profit 216,713 350,876 61.9 542,035 715,333 32.0
Operating<br> Margin 37.4% 44.8% 738<br> bps 43.6% 46.5% 287<br> bps
Adjusted<br> Operating Margin^1^ 37.5% 44.9% 741<br> bps 43.9% 46.7% 278<br> bps
Net<br> Profit 159,521 325,362 104.0 386,933 585,488 51.3
EBITDA 304,224 452,932 48.9 720,382 913,962 26.9
EBITDA<br> Margin 52.6% 57.9% 529<br> bps 58.0% 59.4% 143<br> bps
Adjusted<br> EBITDA Margin^2^ 52.6% 58.0% 533<br> bps 58.3% 59.6% 130<br> bps
Figures<br> in pesos at an average exchange rate of COP.230.3787 = Ps.1.00 Mexican pesos for 2Q24 and COP.228.9373 = Ps.1.00 Mexican pesos for<br> 6M24.
^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's Colombian operations reported an OperatingProfit of Ps.350.9 million in 2Q24, compared to Ps.216.7 million in 2Q23. Operating margin was 44.8% in 2Q24, compared to 37.4% in 2Q23. The Adjusted operating margin, which excludes the effect of IFRIC12 with respect to construction or improvements to concessioned assets, increased to 44.9% in 2Q24 compared to an adjusted operating margin of 37.5% in 2Q23.


EBITDA in 2Q24 was Ps.452.9 million, resulting in an EBITDA margin of 57.9%. This compared to an EBITDA of Ps.304.2 million and an EBITDA margin of 52.6% in 2Q23.

The Adjusted EBITDA Margin, which excludes the effect of IFRIC12 with respect to the construction or improvements of the concessioned assets, increased to 58.0% in 2Q24, from 52.6% in 2Q23, principally reflecting the 35.3% YoY increase in revenues while costs increased only 19.3%.

Colombia Capital Expenditures

Capital expenditures in Colombia amounted to Ps.1.5 million in 2Q24 compared to Ps.0.7 million in 2Q23. During 6M24 capital expenditures totaled Ps.5.5 million compared to Ps.6.7 million in 6M23.



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 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 2Q24, regulated revenues in Colombia amounted to Ps.581.9 million.


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 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

ASUR 2Q24 Page 17 of 25

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, 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.

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 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 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.


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, 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.



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

ASUR 2Q24 Page 18 of 25

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 2Q24 Page 19 of 25


Passenger Traffic Breakdown by Airport
Mexico Passenger Traffic ^1^
Second Quarter % Chg Six - Months % Chg
2023 2024 2023 2024
Domestic Traffic 5,265,236 4,897,005 (7.0) 10,049,424 9,512,090 (5.3)
CUN Cancun 3,006,582 2,545,231 (15.3) 5,603,062 4,864,912 (13.2)
CZM Cozumel 45,886 60,221 31.2 77,927 118,724 52.4
HUX Huatulco 211,125 179,673 (14.9) 426,297 356,146 (16.5)
MID Merida 803,419 797,817 (0.7) 1,612,739 1,598,902 (0.9)
MTT Minatitlan 34,380 38,751 12.7 59,712 66,770 11.8
OAX Oaxaca 330,572 366,090 10.7 664,398 741,286 11.6
TAP Tapachula 123,619 151,472 22.5 247,142 299,428 21.2
VER Veracruz 386,267 391,305 1.3 724,413 747,034 3.1
VSA Villahermosa 323,386 366,445 13.3 633,734 718,888 13.4
International Traffic 5,432,595 5,296,635 (2.5) 11,721,698 12,177,960 3.9
CUN Cancun 5,147,284 4,963,228 (3.6) 11,035,502 11,373,638 3.1
CZM Cozumel 109,398 118,920 8.7 267,601 309,150 15.5
HUX Huatulco 17,745 19,476 9.8 75,107 99,905 33.0
MID Mérida 76,358 89,448 17.1 169,099 188,596 11.5
MTT Minatitlan 1,895 1,802 (4.9) 3,948 3,394 (14.0)
OAX Oaxaca 46,562 58,403 25.4 101,632 115,398 13.5
TAP Tapachula 3,756 2,844 (24.3) 9,443 6,450 (31.7)
VER Veracruz 23,161 33,745 45.7 46,331 64,456 39.1
VSA Villahermosa 6,436 8,769 36.2 13,035 16,973 30.2
Total Traffic México 10,697,831 10,193,640 (4.7) 21,771,122 21,690,050 (0.4)
CUN Cancun 8,153,866 7,508,459 (7.9) 16,638,564 16,238,550 (2.4)
CZM Cozumel 155,284 179,141 15.4 345,528 427,874 23.8
HUX Huatulco 228,870 199,149 (13.0) 501,404 456,051 (9.0)
MID Merida 879,777 887,265 0.9 1,781,838 1,787,498 0.3
MTT Minatitlan 36,275 40,553 11.8 63,660 70,164 10.2
OAX Oaxaca 377,134 424,493 12.6 766,030 856,684 11.8
TAP Tapachula 127,375 154,316 21.2 256,585 305,878 19.2
VER Veracruz 409,428 425,050 3.8 770,744 811,490 5.3
VSA Villahermosa 329,822 375,214 13.8 646,769 735,861 13.8
US Passenger Traffic, San Juan Airport (LMM)
Second Quarter % Chg Six - Months % Chg
2023 2024 2023 2024
SJU Total ^1^ 3,198,859 3,469,364 8.5 6,105,897 6,731,260 10.2
Domestic<br> Traffic 2,850,826 3,072,984 7.8 5,492,755 6,008,924 9.4
International<br> Traffic 348,033 396,380 13.9 613,142 722,336 17.8
Colombia, Passenger Traffic Airplan
Second Quarter % Chg Six - Months % Chg
2023 2024 2023 2024
Domestic Traffic 2,723,025 3,235,205 18.8 5,899,180 6,198,665 5.1
MDE Medellín<br> (Rionegro) 2,007,212 2,441,322 21.6 4,408,266 4,608,240 4.5
EOH Medellín 293,556 295,525 0.7 568,942 598,870 5.3
MTR Montería 278,379 359,558 29.2 637,819 721,395 13.1
APO Carepa 51,210 46,048 (10.1) 100,841 87,649 (13.1)
UIB Quibdó 87,045 84,859 (2.5) 171,315 166,561 (2.8)
CZU Corozal 5,623 7,893 40.4 11,997 15,950 32.9
International Traffic 666,586 863,806 29.6 1,375,748 1,704,578 23.9
MDE Medellín<br> (Rionegro) 666,586 863,806 29.6 1,375,748 1,704,578 23.9
EOH Medellín - - - - - -
MTR Montería - - - - - -
APO Carepa - - - - - -
UIB Quibdó - - - - - -
CZU Corozal - - - - - -
Total Traffic Colombia 3,389,611 4,099,011 20.9 7,274,928 7,903,243 8.6
MDE Medellín<br> (Rionegro) 2,673,798 3,305,128 23.6 5,784,014 6,312,818 9.1
EOH Medellín 293,556 295,525 0.7 568,942 598,870 5.3
MTR Montería 278,379 359,558 29.2 637,819 721,395 13.1
APO Carepa 51,210 46,048 (10.1) 100,841 87,649 (13.1)
UIB Quibdó 87,045 84,859 (2.5) 171,315 166,561 (2.8)
CZU Corozal 5,623 7,893 40.4 11,997 15,950 32.9
^1^Passenger figures for Mexico and Colombia exclude transit and general aviation passengers, and SJU include transit passengers<br> and general aviation.

ASUR 2Q24 Page 20 of 25

Grupo Aeroportuario del Sureste, S.A.B. de C.V.
Commercial Spaces
ASUR Retail and Other Commercial Space Opened since June 30, 2023^1^
Business Name Type Opening Date
MEXICO
Cancun
LL Mex, SA de CV Car Rental July 2023
Cozumel
Fleet Car Company Mx Car Rental December 2023
Huatulco
LL Mex, SA de CV Car Rental April 2024
LL Mex, SA de CV (Terreno) Car Rental April 2024
Mérida
Alquiladora de Vehiculos Automotores, SA de CV Car Rental July 2023
Máxima Distinción "EMWA" Retail October 2023
Cloe Moda Retail October 2023
LL Mex, SA de CV Car Rental November 2023
LL Mex, SA de CV Car Rental January 2024
Corporativo de la Torre & Zambrano Car Rental March 2024
Minatitlán
LL Mex, SA de CV (Terreno) Car Rental April 2024
Oaxaca
LL Mex, SA de CV Car Rental November 2023
Tapchula
LL Mex, SA de CV Car Rental April 2024
LL Mex, SA de CV (Terreno) Car Rental June 2024
Veracruz
LL Mex, SA de CV Car Rental November 2023
LL Mex, SA de CV (Terreno) Car Rental April 2024
Villahermosa
LL Mex, SA de CV (Terreno) Car Rental April 2024
SAN JUAN, PUERTO RICO
To Go Food and Beverage November 2023
Landshark Food and Beverage January 2024
Morena Mía Retail January 2024
Morena Mía Retail February 2024
COLOMBIA
Rionegro
Tampa Cargo S.A.S. Other Revenues July 2023
Renting T&T S.A.S Car Rental July 2023
Novaventa S.A.S. Food and Beverage August 2023
Jetsmart Airlines Perú S.A.C. Other Revenues September 2023
Taca International Airlines S.A. Sucursal Colombia Other Revenues October 2023
Avianca Ecuador S.A. sucursal Colombia Other Revenues October 2023
Avianca Costa Rica S.A. Sucursal Colombia Other Revenues October 2023
Pasar Express SAS Other Revenues November 2023
Aerorepublica S A Other Revenues November 2023
Jetsmart Airlines S.A.S. Other Revenues November 2023
Carlos Andres Carrasquillazuluaga Food and Beverage December 2023
Colombian Air Cargo S.A.S Other Revenues December 2023
Corporación del lago S.A.S. Food and Beverage December 2023
Jetsmart Airlines SPA Sucursal Other Revenues January 2024
Avior Airlines Colombia C.A. Other Revenues May 2024
Avior Airlines Colombia C.A. Other Revenues May 2024
Olaya herrera
Los Halcones S.A.S. Other Revenues August 2023
Hoteles Regatta S.A.S. Other Revenues September 2023
Heliogolfo S.A.S. Other Revenues September 2023
CNV Volar S.A.S. Other Revenues September 2023
Corporación del lago S.A.S. Food and Beverage December 2023
Aviation Support & MAaintenance Company S.A.S. Other Revenues December 2023
Sociedad Aeronautica de Santander S.A.S. Other Revenues January 2024
Helisur S.A.S. Other Revenues January 2024
Departamento de Antioquia Other Revenues February 2024
Fondo de Valorización del Municipio de Medellín Other Revenues February 2024
Central Aerospace S.A.S. Other Revenues February 2024
Montería
Corporación del Lago S.A.S Food and Beverage December 2023
Sociedad Aeronautica de Integración Tecnica S.A.S. Other Revenues February 2024
Quibdó
Late Choco Fabrica Artesanal de Chocolates Retail December 2023
Fundación Patrulla Aerea del Choco Other Revenues February 2024
Centro de Servicios
Bancolombia S.A. Banks and foreign exchange October 2023
Icetex Other Revenues December 2023
* Only includes new stores opened during the period and excludes remodelings or contract renewals.

ASUR 2Q24 Page 21 of 25

Grupo Aeroportuario del Sureste, S.A.B. de C.V.
Operating Results per Airport
Thousands of Mexican pesos
Item 2Q23 2Q23 Per Workload Unit 2Q24 2Q24 Per Workload Unit YoY% Chg. Per Workload Unit YoY % Chg.
Mexico
Cancun ^1^
Aeronautical Revenues 2,043,242 247.5 2,649,820 347.3 29.7 40.3
Non-Aeronautical Revenues 1,574,229 190.7 1,600,443 209.8 1.7 10.0
Construction Services Revenues 29,234 3.5 122,101 16.0 317.7 357.1
Total Revenues 3,646,705 441.7 4,372,364 573.1 19.9 29.7
Operating Profit 2,274,933 275.6 2,918,883 382.6 28.3 38.8
EBITDA 2,446,113 296.3 3,101,300 406.5 26.8 37.2
Merida
Aeronautical Revenues 247,205 262.7 272,232 285.1 10.1 8.5
Non-Aeronautical Revenues 55,886 59.4 68,614 71.8 22.8 20.9
Construction Services Revenues 10,850 11.5 12,599 13.2 16.1 14.8
Other ^2^ 24 - 26 - 8.3 n/a
Total Revenues 313,965 333.6 353,471 370.1 12.6 10.9
Operating Profit 176,488 187.6 177,808 186.2 0.7 (0.7)
EBITDA 197,816 210.2 213,329 223.4 7.8 6.3
Villahermosa
Aeronautical Revenues 95,821 280.2 116,685 299.2 21.8 6.8
Non-Aeronautical Revenues 18,242 53.3 23,388 60.0 28.2 12.6
Construction Services Revenues 11,612 34.0 - - (100.0) (100.0)
Other ^2^ 23 0.1 23 0.1 - -
Total Revenues 125,698 367.6 140,096 359.3 11.5 (2.3)
Operating Profit 62,668 183.2 76,155 195.3 21.5 6.6
EBITDA 73,627 215.3 88,974 228.1 20.8 5.9
Other Airports ^3^
Aeronautical Revenues 380,110 280.5 475,014 328.0 25.0 16.9
Non-Aeronautical Revenues 52,606 38.8 74,518 51.5 41.7 32.7
Construction Services Revenues 22,096 16.3 13,252 9.2 (40.0) (43.6)
Other ^2^ 76 0.1 83 0.1 9.2 -
Total Revenues 454,888 335.7 562,867 388.8 23.7 15.8
Operating Profit 217,329 160.4 286,720 198.0 31.9 23.4
EBITDA 275,542 203.4 350,547 242.1 27.2 19.0
Holding & Service Companies ^4^
Construction Services Revenues - n/a - n/a n/a n/a
Other ^2^ 347,843 n/a 174,932 n/a (49.7) n/a
Total Revenues 347,843 n/a 174,932 n/a (49.7) n/a
Operating Profit 329,265 n/a 159,807 n/a (51.5) n/a
EBITDA 329,269 n/a 159,810 n/a (51.5) n/a
Consolidation Adjustment Mexico
Consolidation Adjustment (347,967) n/a (175,065) n/a (49.7) n/a
Total Mexico
Aeronautical Revenues 2,766,378 254.0 3,513,751 337.1 27.0 32.7
Non-Aeronautical Revenues 1,700,963 156.2 1,766,963 169.5 3.9 8.5
Construction Services Revenues 73,792 6.8 147,952 14.2 100.5 108.8
Total Revenues 4,541,133 417.0 5,428,666 520.8 19.5 24.9
Operating Profit 3,060,683 281.0 3,619,373 347.2 18.3 23.6
EBITDA 3,322,367 305.0 3,913,960 375.5 17.8 23.1
San Juan Puerto Rico, US ^5^
Aeronautical Revenues 508,939 n/a 518,307 n/a 1.8 n/a
Non-Aeronautical Revenues 470,703 n/a 513,556 n/a 9.1 n/a
Construction Services Revenues 56,974 n/a 150,717 n/a 164.5 n/a
Total Revenues 1,036,616 n/a 1,182,580 n/a 14.1 n/a
Operating Profit 626,681 n/a 372,675 n/a (40.5) n/a
EBITDA 533,715 n/a 542,982 n/a 1.7 n/a
Consolidation Adjustment San Juan
Consolidation Adjustment - n/a - n/a n/a n/a
Colombia ^6^
Aeronautical Revenues 435,659 n/a 581,884 n/a 33.6 n/a
Non-Aeronautical Revenues 142,312 n/a 199,509 n/a 40.2 n/a
Construction Services Revenues 723 n/a 1,371 n/a 89.6 n/a
Total Revenues 578,694 n/a 782,764 n/a 35.3 n/a
Operating Profit 216,713 n/a 350,876 n/a 61.9 n/a
EBITDA 304,224 n/a 452,932 n/a 48.9 n/a
Consolidation Adjustment Colombia
Consolidation Adjustment - n/a - n/a n/a n/a
CONSOLIDATED ASUR
Aeronautical Revenues 3,710,976 n/a 4,613,942 n/a 24.3 n/a
Non-Aeronautical Revenues 2,313,978 n/a 2,480,028 n/a 7.2 n/a
Construction Services Revenues 131,489 n/a 300,040 n/a 128.2 n/a
Total Revenues 6,156,443 n/a 7,394,010 n/a 20.1 n/a
Operating Profit 3,904,077 n/a 4,342,924 n/a 11.2 n/a
EBITDA 4,160,306 n/a 4,909,874 n/a 18.0 n/a
^1^ Reflects 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 results of operations of our airports located in Cozumel, Huatulco, Minatitlan, Oaxaca, Tapachula and Veracruz.
^4^Reflects 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 results of operation of  San Juan Airport, Puerto Rico, US for 2Q24.
^6^Reflects the results of operation of  Airplan, Colombia, for 2Q24.

ASUR 2Q24 Page 22 of 25

Grupo Aeroportuario del Sureste, S.A.B. de C.V.
Consolidated Statements of Financial Position as of June 30, 2024 and December 31, 2023
Thousands<br> of Mexican pesos
Item June 2024 December 2023 Variation %
Assets
Current Assets
Cash<br> and Cash Equivalents 14,996,995 13,872,897 1,124,098 8.1
Cash<br> and Cash Equivalents Restricted 1,736,371 1,615,400 120,971 7.5
Accounts<br> Receivable, net 2,506,666 2,317,818 188,848 8.1
Document<br> Receivable 100,696 100,696 - -
Recoverable<br> Taxes and Other Current Assets 1,026,338 826,386 199,952 24.2
Total Current Assets 20,367,066 18,733,197 1,633,869 8.7
Non Current Assets
Investment<br> in Financial Instrument 1,301,136 1,818,949 (517,813) (28.5)
Machinery,<br> Furniture and Equipment, net 205,935 184,016 21,919 11.9
Intangible<br> assets, airport concessions and Goodwill-Net 50,508,174 49,310,063 1,198,111 2.4
investment<br> in Joint Venture 291,698 296,199 (4,501) (1.5)
Total  Assets 72,674,009 70,342,424 2,331,585 3.3
Liabilities and Stockholders' Equity
Current Liabilities
Trade<br> Accounts Payable 260,626 306,548 (45,922) (15.0)
Bank<br> Loans and Short Term Debt 1,291,986 1,233,639 58,347 4.7
Accrued<br> Expenses and Others Payables 3,581,829 3,287,040 294,789 9.0
Total Current Liabilities 5,134,441 4,827,227 307,214 6.4
Long Term Liabilities
Bank<br> Loans 1,907,957 2,586,932 (678,975) (26.2)
Long<br> Term Debt 8,954,510 8,404,199 550,311 6.5
Deferred<br> Income Taxes 3,433,260 2,897,858 535,402 18.5
Employee<br> Benefits 36,865 35,010 1,855 5.3
Total Long Term Liabilities 14,332,592 13,923,999 408,593 2.9
Total Liabilities 19,467,033 18,751,226 715,807 3.8
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 6,755,658 10,203,713 (3,448,055) (33.8)
Cumulative<br> Effect of Conversion of Foreign Currency (1,006,283) (1,619,693) 613,410 (38)
Retained<br> Earnings 29,977,738 26,051,825 3,925,913 15.1
Non-<br> Controlling interests 7,170,360 6,645,850 524,510 7.9
Total Stockholders' Equity 53,206,976 51,591,198 1,615,778 3.1
Total Liabilities and Stockholders' Equity 72,674,009 70,342,424 2,331,585 3.3
Exchange<br> Rate per Dollar Ps. 18.2478

ASUR 2Q24 Page 23 of 25

Grupo Aeroportuario del Sureste, S.A.B. de C.V.
Consolidated Statement of Income from January 1 to June 30,  2024 and 2023
Thousands<br> of Mexican pesos
Item 6M 6M % 2Q 2Q %
2023 2024 Chg 2023 2024 Chg
Revenues
Aeronautical<br> Services 7,588,394 9,257,579 22.0 3,710,976 4,613,942 24.3
Non-Aeronautical<br> Services 4,736,590 5,014,865 5.9 2,313,978 2,480,028 7.2
Construction<br> Services 280,868 556,473 98.1 131,489 300,040 128.2
Total Revenues 12,605,852 14,828,917 17.6 6,156,443 7,394,010 20.1
Operating Expenses
Cost<br> of Services 2,120,655 2,594,848 22.4 996,144 1,364,589 37.0
Cost<br> of Construction 280,868 556,473 98.1 131,489 300,040 128.2
General<br> and Administrative Expenses 153,566 159,772 4.0 76,325 80,753 5.8
Technical<br> Assistance 364,745 206,594 (43.4) 174,434 100,279 (42.5)
Concession<br> Fee 743,193 1,278,416 72.0 365,620 638,476 74.6
Depreciation<br> and Amortization 1,025,097 1,110,667 8.3 508,354 566,949 11.5
Total Operating Expenses 4,688,124 5,906,770 26.0 2,252,366 3,051,086 35.5
Other<br> Revenues
Operating Income 7,917,728 8,922,147 12.7 3,904,077 4,342,924 11.2
Comprehensive Financing Cost (857,832) 1,165,896 n/a (329,992) 1,207,938 n/a
Income<br> from investment results Accounted by the Equity Method (4,506) n/a (1,825) n/a
Income Before Income Taxes 7,059,896 10,083,537 42.8 3,574,085 5,549,037 55.3
Provision<br> for Income Tax 1,706,288 2,679,316 57.0 848,754 1,502,975 77.1
Deferred<br> Income Taxes 101,950 438,054 329.7 75,918 266,649 251.2
Net Income for the Year 5,251,658 6,966,167 32.6 2,649,413 3,779,413 42.7
Majority Net Income 4,957,073 6,755,658 36.3 2,444,711 3,673,567 50.3
Non-controlling interests 294,585 210,509 (28.5) 204,702 105,846 (48.3)
Earning<br> per Share 16.5236 22.5189 36.3 8.1490 12.2452 50.3
Earning<br> per American Depositary Share (in U.S. Dollars) 9.0551 12.3406 36.3 4.4658 6.7105 50.3
Exchange<br> Rate per Dollar Ps. 18.2478

ASUR 2Q24 Page 24 of 25


Grupo Aeroportuario del Sureste, S.A.B. de C.V.
Consolidated Statement of Cash flow for the periods of January 1, to June 30, 2024 and 2023
Thousands<br> of Mexican pesos
Item 6M 6M % 2Q 2Q %
2023 2024 Chg 2023 2024 Chg
Operating Activities
Income Before Income Taxes 7,059,896 10,083,537 42.8 3,574,085 5,549,037 55.3
Depreciation<br> and Amortization 1,025,097 1,110,667 8.3 508,354 566,949 11.5
Income<br> from Results of Joint Venture Accounted by the Equity Method 4,506 n/a 1,825 n/a
Interest<br> Income (561,730) (781,797) 39.2 (296,670) (372,073) 25.4
Interest<br> Payable 587,670 361,499 (38.5) 281,678 106,096 (62.3)
Foreign<br> Exchange Gain (loss), Net Unearned 803,508 (628,963) n/a 311,571 (812,000) n/a
Sub-Total 8,914,441 10,149,449 13.9 4,379,018 5,039,834 15.1
Trade<br> Receivables 640,978 (51,946) n/a 493,579 353,997 (28.3)
Recoverable<br> Taxes and other Current Assets (47,622) (409,284) 759.4 49,527 (316,969) n/a
Income<br> Tax Paid (2,103,207) (2,550,735) 21.3 (1,378,343) (1,439,067) 4.4
Trade<br> Accounts Payable (506,008) 173,534 n/a (450,754) 218,255 n/a
Net Cash Flow Provided by Operating Activities 6,898,582 7,311,018 6.0 3,093,027 3,856,050 24.7
Investing Activities
Investment<br> in Financial Instrument 517,813 n/a 498,013 n/a
Loans<br> granted to Third Parties 47,922 n/a 47,922 n/a
Recovery<br> Investment Joint Venture ADG Airport 6,802 n/a 6,802 n/a
Income<br> from investment results Accounted by the Equity Method (305,885) n/a (305,885) n/a
Restricted<br> Cash (149,538) (8,988) (94.0) (85,465) (72,015) (15.7)
Investments<br> in Machinery, Furniture and Equipment, net (295,921) (819,364) 176.9 (152,927) (636,780) 316.4
Interest<br> Income 495,116 720,343 45.5 261,861 340,568 30.1
Net Cash Flow used by Investing Activities (201,504) 409,804 n/a (227,692) 129,786 n/a
Excess Cash to Use in Financing Activities 6,697,078 7,720,822 15.3 2,865,335 3,985,836 39.1
Bank<br> Loans
Bank<br> Loans paid (712,500) (538,712) (24.4) (50,000) (488,712) 877.4
Long<br> Term Debt Paid (99,786) (97,926) (1.9)
Interest<br> Paid (549,196) (459,519) (16.3) (139,060) (93,896) (32.5)
Dividends<br> Paid (2,979,000) (6,277,800) 110.7 (2,979,000) (6,277,800) 110.7
Net Cash Flow used by Financing Activities (4,340,482) (7,373,957) 69.9 (3,168,060) (6,860,408) 116.5
Net Increase in Cash and Cash Equivalents 2,356,596 346,865 (85.3) (302,725) (2,874,572) 849.6
Cash<br> and Cash Equivalents at Beginning of Period 13,174,991 13,872,897 5.3 15,108,236 16,822,986 11.3
Exchange<br> Gain on Cash and Cash Equivalents (1,057,552) 777,233 n/a (331,476) 1,048,581 n/a
Cash and Cash Equivalents at the End of Period 14,474,035 14,996,995 3.6 14,474,035 14,996,995 3.6

ASUR 2Q24 Page 25 of 25