Corporacion America Airports S.A 6-K, filed Aug 19, 2021

Corporacion America Airports S.A. (CAAP)

6-K 2021-08-19 For: 2021-08-19

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Added on April 04, 2026

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Corporacion America Airports S.A filed this 6-K on August 19, 2021.

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Exhibit No.	Description
99.1	Press release dated August 18, 2021 - Corporación América Airports S.A. announces 2Q21.

	Corporación América Airports S.A.

	By:	/s/ Andres Zenarruza
	Name: Andres Zenarruza
	Title: Head of Legal

	By:	/s/ Jorge Arruda
	Name: Jorge Arruda
	Title: Chief Financial Officer

Date: August 19, 2021

	2Q21 as reported			2Q20 as reported			% Var as reported			IAS 29		2Q21 ex IAS 29			2Q20 ex IAS 29			% Var ex IAS 29
Passenger Traffic (Million Passengers) ⁽¹⁾⁽²⁾		5.5			0.4			1,123.3	%				5.5			0.4			1,123.3	%
Revenue		135.3			81.7			65.6	%		1.0		134.3			83.5			60.8	%
Aeronautical Revenues		45.7			8.0			471.3	%		0.3		45.4			8.2			453.5	%
Non-Aeronautical Revenues		89.6			73.7			21.5	%		0.7		88.9			75.3			18.0	%
Revenue excluding construction service		122.6			51.6			137.6	%		1.6		121.0			52.3			131.4	%
Operating Income / (Loss)		-27.2			-76.1			64.2	%		-10.8		-16.4			-57.8			71.6	%
Operating Margin		-20.1	%		-93.1	%		73.0	pp		-		-12.2	%		-69.2	%		57.0	pp
Net (Loss) / Income Attributable to Owners of the Parent		-34.0			-55.4			38.7	%		-56.3		22.3			-52.7			142.3	%
EPS (US$)		-0.21			-0.35			39.6	%		-0.35		0.14			-0.33			142.1	%
Adjusted EBITDA		7.7			-33.0			123.5	%		0.6		7.1			-33.2			121.4	%
Adjusted EBITDA Margin		5.7	%		-40.3	%		46.0	pp		-		5.3	%		-39.8	%		45.1	pp
Adjusted EBITDA Margin excluding Construction Service		5.9	%		-64.5	%		70.4	pp		-		5.4	%		-64.1	%		69.5	pp
Net Debt to LTM Adjusted EBITDA		n.m.			5.27	x		n.m.			-		-			-			-
Net Debt to LTM Adjusted EBITDA excl. impairment on intangible assets ⁽³⁾		23.50	x		3.80	x		n.m.			-		-			-			-

	6M21 as reported			6M20 as reported			% Var as reported			IAS 29		6M21 ex IAS 29			6M20 ex IAS 29			% Var ex IAS 29
Passenger Traffic (Million Passengers) ⁽¹⁾⁽²⁾		12.0			17.6			-31.7	%				12.0			17.6			-31.7	%
Revenue		279.1			378.9			-26.3	%		4.5		274.6			390.1			-29.6	%
Aeronautical Revenues		89.8			159.8			-43.8	%		1.6		88.2			164.6			-46.4	%
Non-Aeronautical Revenues		189.3			219.0			-13.6	%		2.9		186.4			225.6			-17.4	%
Revenue excluding construction service		237.5			303.7			-21.8	%		5.8		231.7			311.5			-25.6	%
Operating Income / (Loss)		-54.2			-45.6			-18.9	%		-20.2		-34.0			-3.3			-929.5	%
Operating Margin		-19.4	%		-12.0	%		-7.4	pp		-		-12.4	%		-0.8	%		-11.6	pp
Net (Loss) / Income Attributable to Owners of the Parent		-78.7			-70.5			-11.6	%		-33.0		-45.7			-64.3			29.0	%
EPS (US$)		-0.49			-0.44			-11.5	%		-0.21		-0.28			-0.40			28.8	%
Adjusted EBITDA		14.7			46.1			-68.1	%		1.8		12.9			48.4			-73.3	%
Adjusted EBITDA Margin		5.3	%		12.2	%		-6.9	pp		-		4.7	%		12.4	%		-7.7	pp
Adjusted EBITDA Margin excluding Construction Service		5.8	%		14.9	%		-9.1	pp		-		5.1	%		15.2	%		-10.1	pp
Net Debt to LTM Adjusted EBITDA		-63.46			5.27			n.m.			-		-			-			-
Net Debt to LTM Adjusted EBITDA excl. impairment on intangible assets ⁽³⁾		23.50	x		3.80	x		n.m.			-		-			-			-

	2Q21	2Q20	2Q19	% Var. ('21 vs '20)		% Var. ('21 vs '19)
Domestic Passengers (in millions)	3.3	0.3	11.2	1,051.6	%	-70.8	%
International Passengers (in millions)	1.3	0.1	7.0	993.7	%	-81.2	%
Transit Passengers (in millions)	0.9	0.0	1.9	1,958.7	%	-52.3	%
Total Passengers (in millions)	5.5	0.4	20.0	1,123.3	%	-72.8	%
Cargo Volume (in thousands of tons)	83.2	46.9	105.6	77.3	%	-21.2	%
Total Aircraft Movements (in thousands)	95.8	28.5	206.9	236.2	%	-53.7	%

Passenger Traffic Breakdown								Cargo Volume							Aircraft Movements
Country	2Q21		2Q20		% Var.			2Q21		2Q20		% Var.			2Q21		2Q20		% Var.
	(in millions)							(in thousands of tons)							(in thousands)
Argentina⁽¹⁾		1.7		0.1		1,849.7	%		44.0		26.1		68.4	%		43.0		12.0		257.0	%
Italy		0.3		0.0		1,349.8	%		3.7		3.1		19.5	%		6.9		1.8		285.0	%
Brazil ⁽²⁾		2.0		0.2		725.6	%		16.4		3.2		416.5	%		21.8		7.3		197.6	%
Uruguay ⁽³⁾		0.1		0.0		551.1	%		8.9		9.5		-6.1	%		3.2		1.0		206.2	%
Ecuador ⁽⁴⁾		0.5		0.0		1,333.2	%		5.2		2.6		99.6	%		12.0		4.4		173.6	%
Armenia		0.5		0.0		1,716.7	%		4.3		2.3		87.8	%		4.7		0.9		428.7	%
Peru ⁽⁵⁾		0.4		0.0		1,596.5	%		0.7		0.1		399.8	%		4.3		1.0		312.1	%
TOTAL		5.5		0.4		1,123.3	%		83.2		46.9		77.3	%		95.8		28.5		236.2	%

Country	2Q21 as reported		2Q20 as reported		% Var as reported			IAS 29		2Q21 ex IAS 29		2Q20 ex IAS 29		% Var ex IAS 29
Argentina		64.5		51.4		25.5	%		1.0		63.5		53.2		19.3	%
Italy		15.4		4.5		242.1	%		-		15.4		4.5		242.1	%
Brazil		11.5		6.0		91.8	%		-		11.5		6.0		91.8	%
Uruguay		11.0		10.2		7.6	%		-		11.0		10.2		7.6	%
Armenia		18.9		2.5		655.2	%		-		18.9		2.5		655.2	%
Ecuador ⁽¹⁾		14.0		7.2		93.9	%		-		14.0		7.2		93.9	%
Unallocated		0.1		0.0		-			-		0.1		0.0		-
Total consolidated revenue ⁽²⁾		135.3		81.7		65.6	%		1.0		134.3		83.5		60.8	%

	2Q21 as reported		2Q19 as reported		% Var as reported			IAS 29		2Q21 ex IAS 29		2Q19 ex IAS 29		% Var ex IAS 29
Aeronautical Revenue		45.7		185.4		-75.3	%		0.3		45.4		178.7		-74.6	%
Non-aeronautical Revenue		89.6		227.2		-60.6	%		0.7		88.9		216.8		-59.0	%
Commercial revenue		76.5		126.7		-39.6	%		1.3		75.3		121.9		-38.3	%
Construction service revenue ⁽¹⁾		12.6		99.9		-87.3	%		-0.6		13.3		94.4		-86.0	%
Other revenue		0.4		0.5		-27.0	%		-		0.4		0.5		-27.0	%
Total Consolidated Revenue		135.3		412.6		-67.2	%		1.0		134.3		395.5		-66.1	%
Total Revenue excluding Construction Service revenue ⁽²⁾		122.6		312.6		-60.8	%		1.6		121.0		301.0		-59.8	%

	As of Jun 30, 2021			As of Mar 31, 2021			As of Dec 31, 2020
Leverage
Total Debt / LTM Adjusted EBITDA (Times)^1,3		n.m.			-21.68	x		98.95	x
Total Net Debt / LTM Adjusted EBITDA (Times) ^{2,3, 4}		n.m.			-17.49	x		78.28	x
Total Net Debt / LTM Adjusted EBITDA (Times) ^2,3,5		23.50	x		-326.72	x		14.02	x
Total Debt		1,339.7			1,323.5			1,344.8
Short-Term Debt		241.0			238.9			216.4
Long-Term Debt		1,098.7			1,084.6			1,128.4
Cash & Cash Equivalents		210.3			255.9			281.0
Total Net Debt³		1,129.4			1,067.6			1,063.8

Total Debt by Segment (in US$ million)
	As of June 30, 2021		As of Mar 31, 2021		As of Dec 31, 2020
Argentina		515.3		533.7		530.8
Italy ⁽¹⁾		244.9		244.8		256.7
Brazil ⁽²⁾		252.7		224.9		241.8
Uruguay		236.7		228.6		222.4
Armenia		64.2		64.4		64.8
Ecuador		25.9		27.1		28.2
Total		1,339.7		1,323.5		1,344.8

		1 year or less				1 - 2 years				2 – 5 years				Over 5 years				Total
Debt service ⁽¹⁾			339.2				320.9				620.3				457.6				1,738.0

Segment		Currency	1 year or less		1 - 2 years		2 – 5 years		Over 5 years		Total
Argentina	Principal	USD		100.6		120.6		183.3		45.8		450.2
	Interest	USD		27.4		18.8		29.9		1.6		77.8
	Principal	ARS		30.7		39.3		-		-		70.0
	Interest	ARS		28.7		8.7		-		-		37.4
Italy	Principal	EUR		54.7		22.6		157.4		11.4		246.1
	Interest	EUR		5.0		4.9		8.3		0.1		18.2
Brazil	Principal	R$		16.3		13.7		47.2		174.1		251.4
	Interest	R$		18.7		17.8		46.5		55.8		138.8
Uruguay	Principal	USD		18.3		24.0		65.5		137.3		245.1
	Interest	USD		15.9		14.5		35.1		31.6		97.1
Armenia	Principal	USD		5.2		12.3		14.4		-		31.9
	Interest	USD		1.9		1.4		0.7		-		4.0
	Principal	DRAM		0.6		-		-		-		0.6
	Interest	DRAM		0.0		-		-		-		0.0
	Principal	EUR		5.7		13.5		15.8		-		35.0
	Interest	EUR		2.0		1.5		0.7		-		4.3
Ecuador	Principal	USD		5.7		5.8		13.9		-		25.5
	Interest	USD		1.8		1.4		1.5		-		4.7
Total				339.2		320.9		620.3		457.6		1,738.0

Cash by Segment (in US$ million)
	As of June 30, 2021		As of Mar 31, 2021		As of Dec 31, 2020
Argentina		42.8		66.7		61.6
Italy ⁽¹⁾		60.0		78.6		99.8
Brazil ⁽²⁾		6.0		11.7		13.3
Uruguay		18.5		15.9		13.4
Armenia		27.8		21.7		18.9
Ecuador		5.6		8.8		19.2
Intermediate holding Companies		49.5		52.5		54.8
Total		210.3		255.9		281.0

	6M21 as reported			6M20 as reported			% Var as reported			IAS 29		6M21 ex IAS 29			6M20 ex IAS 29			% Var ex IAS 29
OPERATING STATISTICS
Domestic Passengers (in millions) ⁽¹⁾		3.5			5.7			-38.3	%		-		3.5			5.7			-38.3	%
International Passengers (in millions) ⁽¹⁾		0.7			2.9			-75.0	%		-		0.7			2.9			-75.0	%
Transit Passengers (in millions) ⁽¹⁾		0.2			0.3			-38.5	%		-		0.2			0.3			-38.5	%
Total Passengers (in millions) ⁽¹⁾		4.5			9.0			-50.3	%		-		4.5			9.0			-50.3	%
Cargo Volume (in thousands of tons)		80.2			71.7			11.9	%		-		80.2			71.7			11.9	%
Total Aircraft Movements (in thousands)		92.9			105.8			-12.2	%		-		92.9			105.8			-12.2	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		35.1			88.5			-60.3	%		1.6		33.5			93.2			-64.0	%
Non-aeronautical revenue		119.6			134.4			-11.0	%		2.9		116.7			140.9			-17.2	%
Commercial revenue		90.4			79.0			14.5	%		4.2		86.3			82.1			5.1	%
Construction service revenue		29.2			55.4			-47.4	%		-1.3		30.4			58.9			-48.4	%
Total Revenue		154.7			222.9			-30.6	%		4.5		150.2			234.1			-35.8	%
Total Revenue Excluding IFRIC12⁽²⁾		125.6			167.4			-25.0	%		5.8		119.8			175.2			-31.6	%
Cost of Services		149.5			217.6			-31.3	%		23.9		125.6			186.4			-32.6	%
Selling, general and administrative expenses		14.9			21.6			-31.1	%		0.8		14.1			22.0			-35.9	%
Other expenses		8.9			0.1			8,844.1	%		0.2		8.7			0.2			4,251.7	%
Total Costs and Expenses		173.3			239.4			-27.6	%		24.9		148.4			208.5			-28.8	%
Total Costs and Expenses Excluding IFRIC12⁽³⁾		144.2			184.0			-21.6	%		26.2		118.1			149.7			-21.1	%
Adjusted Segment EBITDA		20.2			50.1			-59.7	%		1.8		18.4			52.4			-64.8	%
Adjusted Segment EBITDA Mg		13.1	%		22.5	%		-9.4	pp		-		12.3	%		22.4	%		-10.1	pp
Adjusted EBITDA Margin excluding IFRIC 12⁽⁴⁾		16.1	%		29.9	%		-13.8	pp		-		15.3	%		29.8	%		-14.5	pp
Capex		29.2			55.4			-47.4	%		-1.3		30.4			58.9			-48.4	%

	2Q21		2Q20		% Var.		6M21		6M20		% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)	0.2		0.0		1,354.8	%	0.2		0.3		-31.5	%
International Passengers (in millions)	0.2		0.0		1,344.3	%	0.2		0.7		-73.1	%
Transit Passengers (in millions)	0.0		0.0		-		0.0		0.0		-63.9	%
Total Passengers (in millions)	0.3		0.0		1,349.8	%	0.4		1.0		-61.1	%
Cargo Volume (in thousands of tons)	3.7		3.1		19.5	%	7.1		6.3		12.6	%
Total Aircraft Movements (in thousands)	6.9		1.8		285.0	%	9.1		13.1		-30.6	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue	5.7		1.5		280.7	%	7.7		14.2		-45.6	%
Non-aeronautical revenue	9.7		3.0		222.8	%	15.9		11.8		34.6	%
Commercial revenue	3.8		1.4		169.2	%	6.7		7.3		-8.9	%
Construction service revenue	5.6		1.5		270.5	%	8.7		4.1		111.2	%
Other revenue	0.4		0.1		257.6	%	0.6		0.4		41.9	%
Total Revenue	15.4		4.5		242.1	%	23.6		25.9		-8.9	%
Total Revenue Excluding IFRIC12⁽¹⁾	9.8		3.0		227.9	%	14.9		21.9		-31.8	%
Cost of Services	20.4		10.6		92.2	%	36.5		33.1		10.2	%
Selling, general and administrative expenses	3.2		2.6		24.3	%	6.1		5.6		9.4	%
Other Expenses	0.1		0.1		-100.0	%	0.1		0.2		-62.5	%
Total Costs and Expenses	23.7		13.3		78.1	%	42.7		38.8		10.0	%
Total Costs and Expenses Excluding IFRIC12⁽²⁾	18.7		12.1		54.3	%	35.0		35.5		-1.5	%
Adjusted Segment EBITDA	-4.4		-5.8		24.1	%	-12.1		-6.9		-74.8	%
Adjusted Segment EBITDA Mg	-28.6	%	-130.8	%	102.2	pp	-51.1	%	-26.7	%	-24.4	pp
Adjusted EBITDA Margin excluding IFRIC 12⁽³⁾	-50.3	%	-204.1	%	153.8	pp	-87.2	%	-35.1	%	-52.1	pp
Capex	9.0		1.6		459.4	%	12.2		4.6		165.3	%

When:	9:00 a.m. Eastern time, August 19, 2021
Who:	Mr. Martín Eurnekian, Chief Executive Officer
	Mr. Jorge Arruda, Chief Financial Officer
	Mr. Patricio Iñaki Esnaola, Head of Investor Relations
	Ms. Gimena Albanesi, Head of Financial Planning AA2000
Dial-in:	1-888-347-6492 (U.S. domestic); 1-412-317-5258 (international)
Webcast:	https://services.choruscall.com/links/caap210819.html
Replay:	Participants can access the replay through August 26, 2021 by dialing:
	1-877-344-7529 (U.S. domestic) and 1-412-317-0088 (international). Replay ID: 10159613.

% Ownership by Concession
Aeropuertos Argentina 2000	Argentina	81.6	%
Neuquén	Argentina	74.4	%
Bahía Blanca	Argentina	81.4	%
Toscana Aeroporti (Florence and Pisa airports)	Italy	46.7	%
ICAB (Brasilia Airport)	Brazil	51.0	%
ICASGA (Natal Airport)	Brazil	99.9	%
Puerta del Sur (Carrasco Airport)	Uruguay	100.0	%
CAISA (Punta del Este Airport)	Uruguay	100.0	%
AIA (Armenian airports)	Armenia	100.0	%
TAGSA (Guayaquil Airport)	Ecuador	50.0	%
ECOGAL (Galápagos Airport)	Ecuador	99.9	%
Aeropuertos Andinos del Peru	Peru	50.0	%

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo volume (in tons)							Aircraft movements
	2Q'21		2Q'20		% Var.			2Q'21		2Q'20		% Var.			2Q'21		2Q'20		% Var.			2Q'21		2Q'20		% Var.			2Q'21		2Q'20		% Var.			2Q'21		2Q'20		% Var.
Argentina
Aeroparque		614		13		n.m.			14		0		n.m.			40		1		n.m.			668		14		n.m.			243		73		232	%		8,411		914		820	%
Bariloche		106		0		n.m.			-		0		n.m.			0		-		-			106		0		n.m			-		-		-			1,302		99		n.m.
Catamarca		3		0		n.m.			-		-		-			1		0		417	%		4		0		729	%		3		-		-			318		126		152	%
C. Rivadavia		29		1		n.m.			-		-		-			1		1		28	%		30		2		n.m.			45		8		463	%		1,147		612		87	%
Córdoba		87		1		n.m.			0		0		567	%		5		0		n.m.			93		1		n.m.			237		91		159	%		1,772		232		664	%
El Palomar		1		0		9	%		0		1		-99	%		-		-		-			1		2		-73	%		-		-		-			464		193		140	%
Esquel		3		0		695	%		-		-		-			1		0		n.m.			4		0		776	%		-		-		-			152		74		105	%
Ezeiza (1)		44		1		n.m.			262		49		430	%		8		0		n.m.			315		50		527	%		43,104		25,890		66	%		4,613		2,087		121	%
Formosa		0		0		24	%		-		-		-			-		0		n.m.			0		0		15	%		-		18		n.m.			152		80		90	%
General Pico		0		0		70	%		-		-		-			0		-		-			0		0		80	%		-		-		-			196		248		-21	%
Iguazú		41		0		n.m.			0		-		-			1		0		n.m.			42		0		n.m.			-		-		-			738		44		n.m.
Jujuy		30		1		n.m.			0		-		-			0		0		412	%		30		1		n.m.			14		-		-			661		189		250	%
La Rioja		2		0		n.m.			-		-		-			1		0		n.m.			3		0		n.m.			2		-		-			228		70		226	%
Malargüe		0		-		-			-		-		-			-		-		-			0		-		-			-		-		-			27		8		238	%
Mar del Plata		8		0		n.m.			-		0		n.m.			1		0		n.m.			9		0		n.m.			5		1		414	%		765		107		615	%
Mendoza		81		1		n.m.			0		0		-90	%		0		0		13	%		81		1		n.m.			133		8		n.m.			1,322		319		314	%
Paraná		2		0		n.m.			-		-		-			0		0		n.m.			2		0		n.m.			-		-		-			453		383		18	%
Posadas		20		0		n.m.			0		-		-			0		0		n.m.			20		0		n.m.			20		-		-			465		174		167	%
Pto Madryn		0		0		413	%		-		-		-			0		0		594	%		0		0		490	%		-		-		-			194		45		331	%
Reconquista		0		0		-19	%		-		-		-			0		0		-98	%		0		0		-64	%		-		-		-			712		857		-17	%
Resistencia		12		1		760	%		0		-		-			0		0		n.m.			12		1		765	%		34		10		255	%		413		163		153	%
Río Cuarto		1		0		n.m.			-		-		-			0		0		n.m.			1		0		n.m.			1		-		-			94		68		38	%
Río Gallegos		15		3		426	%		-		-		-			1		-		-			16		3		455	%		34		12		173	%		501		209		140	%
Río Grande		11		1		n.m.			-		-		-			0		-		-			11		1		n.m.			9		26		-64	%		344		86		300	%
Salta		69		2		n.m.			0		0		-67	%		1		0		239	%		70		2		n.m.			81		2		n.m.			1,070		307		249	%
San Fernando		3		2		45	%		3		0		843	%		-		-		-			6		2		163	%		-		-		-			10,850		2,548		326	%
San Juan		12		0		n.m.			-		0		n.m.			0		0		21	%		12		1		n.m.			-		-		-			416		98		324	%
San Luis		3		0		n.m.			-		-		-			0		-		-			3		0		n.m.			5		-		-			135		42		221	%
San Rafael		2		0		n.m.			-		-		-			0		0		135	%		3		0		n.m.			-		-		-			866		175		395	%
Santa Rosa		2		0		n.m.			-		-		-			1		0		795	%		3		0		n.m.			-		-		-			538		172		213	%
Santiago del Estero		10		0		n.m.			-		-		-			0		0		n.m.			11		0		n.m.			5		-		-			414		140		196	%
Tucumán		39		0		n.m.			0		0		100	%		2		0		n.m.			41		0		n.m.			-		-		-			629		93		576	%
Viedma		2		0		n.m.			-		-		-			1		0		891	%		3		0		972	%		-		-		-			207		36		475	%
Villa Mercedes		0		0		119	%		-		-		-			0		-		-			0		0		500	%		-		-		-			684		650		5	%
Termas de Río Hondo		2		0		n.m.			-		-		-			0		-		-			2		0		n.m.			2		-		-			72		16		350	%
Bahía Blanca		8		0		n.m.			-		-		-			1		0		276	%		9		0		n.m.			21		-		-			410		74		454	%
Neuquén		52		1		n.m.			-		-		-			4		0		n.m.			56		1		n.m.			20		2		907	%		1,219		293		316	%
Total Argentina		1,315		30		n.m.			280		52		441	%		75		4		n.m.			1,669		86		n.m.			44,018		26,142		68	%		42,954		12,031		257	%

Italy
Pisa		143		8		n.m.			84		3		n.m.			0		-		-			227		11		n.m.			3,658		2,932		25	%		3,853		1,081		256	%
Florence		16		3		414	%		82		8		919	%		0		-		-			98		11		780	%		40		163		-75	%		3,061		715		328	%
Total Italy		159		11		n.m.			166		11		n.m.			0		-		-			325		22		n.m.			3,698		3,094		19	%		6,914		1,796		285	%

Brazil
Brasilia (2)		923		173		432	%		12		0		n.m.			802		36		n.m.			1,738		210		728	%		15,430		1,874		724	%		19,303		6,642		191	%
Natal		279		34		716	%		0		0		-44	%		0		0		n.m.			280		34		712	%		1,004		1,308		-23	%		2,540		697		264	%
Total Brazil		1,202		208		479	%		13		0		n.m.			802		36		n.m.			2,017		244		726	%		16,435		3,182		416	%		21,843		7,339		198	%

Uruguay
Carrasco (3)		0		0		807	%		50		8		555	%		0		0		-62	%		50		8		539	%		8,910		9,487		-6	%		2,194		963		128	%
Punta del Este		0		-		-			2		0		n.m.			-		-		-			2		0		n.m.			-		-		-			966		69		n.m.
Total Uruguay		0		0		863	%		51		8		567	%		0		0		-62	%		52		8		551	%		8,910		9,487		-6	%		3,160		1,032		206	%

Ecuador
Guayaquil		151		8		n.m.			301		20		n.m.			6		3		107	%		458		31		n.m.			4,568		2,485		84	%		11,402		4,299		165	%
Galápagos		46		4		n.m.			-		-		-			-		-		-			46		4		n.m.			625		116		440	%		556		72		672	%
Total Ecuador		197		12		n.m.			301		20		n.m.			6		3		107	%		504		35		n.m.			5,192		2,601		100	%		11,958		4,371		174	%

Armenia
Zvartnots		-		-		-			460		28		n.m.			-		-		-			460		28		n.m.			4,317		2,298		88	%		4,299		892		382	%
Shirak		-		-		-			41		-		-			-		-		-			41		-		-			-		1		n.m.			428		2		n.m.
Total Armenia		-		-		-			501		28		1n.m.			-		-		-			501		28		n.m.			4,317		2,299		88	%		4,727		894		429	%

Perú
Arequipa		175		4		n.m.			0		1		-76	%		-		-		-			175		4		n.m.			262		42		526	%		1,907		320		496	%
Juliaca		78		1		n.m.			-		-		-			-		-		-			78		1		n.m.			126		19		572	%		650		132		392	%
Puerto Maldonado		39		2		n.m.			0		-		-			-		-		-			39		2		n.m.			121		4		n.m.			471		82		474	%
Tacna		56		1		n.m.			-		-		-			-		-		-			56		1		n.m.			142		49		190	%		539		165		227	%
Ayacucho		35		15		130	%		-		-		-			-		-		-			35		15		130	%		10		19		-46	%		702		337		108	%
Total Perú		383		22		n.m.			0		1		-74	%		-		-		-			383		23		n.m.			662		132		400	%		4,269		1,036		312	%
Total CAAP		3,256		283		n.m.			1,312		120		994	%		883		43		n.m.			5,451		446		n.m.			83,232		46,937		77	%		95,825		28,499		236	%

	Jun 30, 2021			Dec 31, 2020			Jun 30, 2020
ASSETS
Non-current assets
Intangible assets, net		2,725,995			2,616,484			2,639,299
Property, plant and equipment, net		79,371			80,833			78,066
Right-of-use asset		12,818			13,448			6,802
Investments in associates		4,007			5,336			5,899
Other financial assets at fair value through profit or loss		7,775			3,614			3,298
Other financial assets at amortized cost		2,609			2,609			2,558
Deferred tax assets		79,647			73,038			112,901
Other receivables		72,465			89,962			110,815
Trade receivables		188			334			1,209
Total non-current assets		2,984,875			2,885,658			2,960,847
Current assets
Inventories		8,781			8,015			10,592
Other financial assets at fair value through profit or loss		58,479			53,347			18,286
Other financial assets at amortized cost		18,170			20,554			31,652
Other receivables		74,132			79,550			86,725
Current tax assets		14,449			18,415			17,409
Trade receivables		59,083			59,081			50,199
Cash and cash equivalents		210,284			281,031			180,226
Total current assets		443,378			519,993			395,089
Total assets		3,428,253			3,405,651			3,355,936
EQUITY
Share capital		163,223			163,223			160,022
Share premium		183,430			183,430			180,486
Treasury shares		(5,012	)		(6,145	)		-
Free distributable reserve		378,910			378,910			385,055
Non-distributable reserve		1,358,028			1,358,028			1,351,883
Currency translation adjustment		(385,485	)		(417,272	)		(413,574	)
Legal reserves		1,081			176			176
Other reserves		(1,322,840	)		(1,321,142	)		(1,324,844	)
Retained earnings		71,276			150,202			332,724
Total attributable to owners of the parent		442,611			489,410			671,928
Non-controlling interests		283,952			315,876			383,475
Total equity		726,563			805,286			1,055,403
LIABILITIES
Non-current liabilities
Borrowings		1,098,734			1,128,407			874,126
Deferred tax liabilities		201,084			171,289			183,563
Other liabilities		789,364			728,746			657,291
Lease liabilities		8,940			10,207			5,483
Trade payables		8,137			9,162			491
Total non-current liabilities		2,106,259			2,047,811			1,720,954
Current liabilities
Borrowings		240,952			216,410			266,529
Other liabilities		221,201			180,813			170,723
Lease liabilities		3,615			3,477			1,667
Current tax liabilities		590			1,002			660
Derivative financial instruments liabilities		230			-			140
Trade payables		128,843			150,852			139,860
Total current liabilities		595,431			552,554			579,579
Total liabilities		2,701,690			2,600,365			2,300,533
Total equity and liabilities		3,428,253			3,405,651			3,355,936

	Jun 30, 2021			Jun 30, 2020
Cash flows from operating activities
Loss for the period		(123,684	)		(102,008	)
Adjustments for:
Amortization and depreciation		78,734			104,924
Deferred income tax		21,603			(37,562	)
Income tax accrued		1,511			(98	)
Share of loss in associates		1,347			4,264
Impairment loss of non-financial assets		75			4,490
Loss (gains) on disposals of property, plant and equipment		45			(11	)
Unpaid concession fees		31,260			29,802
Low value, short term and variable lease payments		(416	)		(753	)
Changes in liability for concessions		46,217			23,593
Interest expenses		59,870			39,569
Other financial results, net		(11,713	)		(5,450	)
Net foreign exchange		(53,823	)		26,674
Government grants		2,936			-
Other accruals		3,418			95
Inflation adjustment		(5,794	)		9,129
Acquisition of Intangible assets		(42,240	)		(73,909	)
Income tax paid		(1,487	)		(11,106	)
Changes in working capital		(683	)		(13,878	)
Net cash provided by / (used in) operating activities		7,176			(2,235	)
Cash flows from investing activities
Cash contribution in associates		(189	)		(655	)
Net acquisition of subsidiaries		10			-
Acquisition of other financial assets		(19,972	)		(5,161	)
Disposals of other financial assets		12,781			40,106
Purchase of Property, plant and equipment		(4,473	)		(4,039	)
Acquisition of Intangible assets		(160	)		(211	)
Proceeds from sale of fixed assets disposal		139			11
Other		592			(650	)
Net cash (used in) provided by investing activities		(11,272	)		29,401
Cash flows from financing activities
Proceeds from borrowings		90,879			44,071
Principal elements of leases payments		(2,322	)		(1,974	)
Loans paid		(110,421	)		(38,938	)
Interest paid		(35,036	)		(26,191	)
Debt renegotiation expenses		(552	)		(7,748	)
Debt renegotiation premium		-			(4,670	)
Guarantee deposit		(1,194	)		(730	)
Other		(4	)		-
Net cash used in financing activities		(58,650	)		(36,180	)

Decrease in cash and cash equivalents		(62,746	)		(9,014	)

Movements in cash and cash equivalents
At the beginning of the period		281,031			195,696
Effect of exchange rate changes and inflation adjustment on cash and cash equivalents		(8,001	)		(6,456	)
Decrease in cash and cash equivalents		(62,746	)		(9,014	)
At the end of the period		210,284			180,226