Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. American Depositary Receipt (G7A)

Overview

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., encompassing its subsidiaries, holds a prominent position in the development, operation, and maintenance of airports across Mexico. The entity is responsible for the management of 13 international airports located in key cities such as Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas. Additionally, it ventures beyond aviation, operating prestigious hotels like the NH Collection Hotel at Terminal 2 of the Mexico City International Airport and the Hilton Garden Inn at Monterrey International Airport. Established in 1998 with its headquarters nestled in Mexico City, Mexico, the company stands as a vital infrastructure operator within the nation's transportation and hospitality sectors.

Products and Services

• Aeronautical Services:

Grupo Aeroportuario del Centro Norte provides an extensive range of aeronautical services crucial for airport operations. These services encompass passenger services, aircraft landing and parking, boarding and unloading operations, the use of passenger walkways, and rigorous airport security measures. Each service is designed to ensure smooth and efficient airport operations and enhance passenger experience.

• Complementary Services:

Complementing its core aeronautical operations, the company offers additional services such as the leasing of space to airlines and cargo handlers, baggage-screening facilities, both permanent and non-permanent ground transportation services, as well as the provision of access rights. These services aim to support the operational needs of airlines and enhance the overall efficiency of airport logistics.

• Non-Aeronautical Services:

The company also generates revenue through non-aeronautical avenues, including the leasing of retail spaces at its airports to various commercial tenants like retailers and restaurants. It takes charge of maintaining parking facilities and places a significant emphasis on advertising spaces within the airport premises. This diversification strategy enriches the traveler's experience while maximizing the company’s revenue streams.

• Diversification Services:

Grupo Aeroportuario del Centro Norte actively seeks diversification through services such as operating and leasing industrial park spaces and offering real estate services. It extends its portfolio into the hotel industry and air cargo logistics, indicating its strategic expansion beyond traditional airport operations. Furthermore, the company collaborates on strategic alliances, like its partnership with VYNMSA Desarrollo Inmobiliario, S.A. de C.V, to foster the development and operation of an industrial park at the Monterrey airport, thereby leveraging its real estate assets for broader economic activities.

• Construction Services:

Last but not least, Grupo Aeroportuario del Centro Norte also engages in construction services. This facet of their offerings allows them to directly influence the infrastructure and development projects within and around their airports, ensuring that facilities are not only up to standard but also reflective of the company’s commitment to quality and innovation.