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November 3, 2025 Integration of CBX and Technical Assistance Internalization 1
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Disclaimer and Forward-Looking Statements 2 This presentation contains certain forward-looking statements within the meaning of applicable securities laws with respect to t he proposed internalization of the Technical Assistance Agreement (“TAA”) and the integration of Cross Border Xpress (“CBX”) into Grupo Aeroportuario del Pacíf ico, S.A.B. de C.V. (“GAP,” and together with the entities involved in the related mergers and transactions, the “Transaction Parties”), including, but not limited to, statements regarding the anticipated timing of the closing of the proposed transactions; the market outlook, business performance and st rategic plans of GAP and the combined post-transaction operations; the expected financial, operational and governance benefits of the transactions; anticipat ed cost and revenue synergies; pro forma financial information; expectations regarding financing, capital expenditures, and leverage targets; GAP ’s expectations and objectives; strategies relating to operations, technology, commercial initiatives and services; industry and passenger -traffic trends; growth opportunities; customer demand and market expansion; long-term development opportunities relating to CBX and adjacent land; and projected revenue mix and margins. These forward-looking statements generally are identified by the words “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result”, and similar expressions or the negatives of these words or other comparable terminology to convey uncertainty of future events or outcomes. Forward- looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward- looking statements in this presentation, including, but not limited to: (i) the completion of the proposed transactions on the anticipated terms and timing, and the r ealization of expected synergies, governance benefits, cost savings, revenue opportunities, economic performance, financial condition, credit ratings, business strategies and other benefits which may affect GAP’s business, results of operations and share price, (ii) the failure to satisfy the conditions to the consum mation of the proposed transactions, including the receipt of required governmental, regulatory and shareholder approvals on the terms expected, in a timely manner, or at all, (iii) the risk that such approvals may result in the imposition of conditions that could adversely affect GAP or the expected benef its of the proposed transactions (including as noted in any forward-looking financial information), (iv) the occurrence of any event, change or other circumstanc e that could give rise to the termination of the merger agreements, (v) the effect of the announcement or pendency of the proposed transactions on relationshi ps with regulators, commercial partners, airlines, government agencies or other stakeholders, (vi) risks related to diverting management’s attent ion from ongoing business operations, (vii) uncertainty in macroeconomic, regulatory or geopolitical conditions that could affect passenger traffic, border -crossing operations or the airport and transportation sectors, (viii) uncertainty in the growth of the aviation, travel and commercial -real-estate sectors, and (ix) actions by governmental authorities in Mexico or the United States, including changes in regulation, tariffs, fees or border -related requirements.
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Disclaimer and Forward-Looking Statements (Cont’d) 3 These risks, uncertainties and factors, as well as other risks associated with the proposed transactions, are more fully disc ussed in GAP’s filings with the Mexican Stock Exchange and the SEC, including its Annual Report on Form 20- F and other documents filed from time to time. While the list of risks and factors presented here is considered representative, no such list is exhaustive. Unlisted risks, uncertainties and factors may p resent significant additional obstacles to the realization of forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties that affect GAP’s business described i n its filings with the SEC and Mexican regulators, together with the additional information that will be more fully discussed in the information statement ( folleto informativo) to be made available in connection with the proposed transaction. These filings identify and address other important risks and uncertaintie s that could cause actual events and results to differ materially from those contained in the forward- looking statements. Forward-looking statements speak only as of the date they are made. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are bey ond the control of the Transaction Parties, and are not guarantees of future results. Readers are cautioned not to put undue reliance on forward- looking statements, and the Transaction Parties assume no obligation and do not intend to update or revise these forward- looking statements, whether as a result of new information, future events or otherwise, unless required by law. No assurance is given that the Transaction Parties will achieve their expect ations. This presentation is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any securities.
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Accelerating GAP’s Growth and Diversification Integration of the Cross Border Express (“CBX”), a Unique Asset in the U.S. • Integration of CBX with Grupo Aeroportuario del Pacifico, S.A.B. de C.V.’s (“GAP”) Tijuana Airport (“TIJ”), the 2nd largest and fastest-growing airport in Mexico • Access to California, a major U.S. market with strong cross-border travel demand • Diversifying GAP’s revenue with the addition of 100% USD-denominated, non-aeronautical cash flows • Unique asset in terms of its open ended life and strong growth potential • Strong free cash flow generator with no mandatory investment commitments • Additional growth from ~60 additional acres of undeveloped land adjacent both to CBX and to TIJ TAA Internalization • Internalization of services under Technical Assistance Agreement (“TAA”) between GAP and its strategic partner Aeropuertos Mexicanos del Pacifico (“AMP”) ‒ Expected pre-tax annual savings equivalent to ~5% of Mexican airport EBITDA (US$50.8 MM LTM 9M25)(1) ‒ GAP consolidated EBITDA margin is projected to expand ‒ GAP to provide technical assistance services directly to its airports • GAP will merge five intermediary entities to simplify its ownership structure • Strategic shareholders to receive additional GAP shares as payment, including ~US$260 MM(2) in cash included in the transaction perimeter, increasing their ownership and demonstrating strong conviction in GAP’s business plan A B 4 Note: 1. Considering an fx rate of MXN$18.7012 per US$ 2. Only considers the cash at merged entities
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Key Transaction Components GAP Obtains Approvals & Timing • The Board of Directors designated the Audit and Corporate Practices Committee, composed of independent directors, to oversee the transaction • Transaction is subject to approval by shareholders of GAP ꟷGAP requires affirmative vote of a majority of all shares issued and outstanding to approve the merger ꟷGAP expects to call a shareholders’ meeting in November followed by a vote in December • Closing date expected following customary government/regulatory approvals • The merger targets shareholders and the sellers of the ancillary transaction have expressed their intention to take the neces sary actions to facilitate the closing of the merger 5 GAP Delivers • 100% ownership of CBX upon completion of the merger and the ancillary transaction ‒ Includes existing U.S. infrastructure assets plus adjacent undeveloped land in the U.S. • ~US$290 MM in cash and ~US$74 MM in debt that will be consolidated into GAP • Internalization of corresponding Technical Assistance Agreement • Simplification of GAP’s ownership structure • ~90 million new Class B Shares issued to the merger targets’ shareholders for 75% of CBX plus TAA internalization ‒ Cross conditioned transaction to acquire 25% of CBX in cash ‒ Incremental ~18% to GAP’s existing TSO ‒ Newly issued shares received by strategic shareholders will be subject to a 365-day lock-up period, except for two portions: (i) up to 25% of their shares may be sold after 90 days, and (ii) an additional 25% may be sold after 180 days • Strategic shareholders will increase their ownership in GAP Strategic Shareholders Reaffirm Confidence in GAP
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Key Transaction Components (Cont’d) Financial Attractiveness of the Transaction • Blended EBITDA acquisition multiple(1) of 12.2x on a 2026 basis • The transaction is immediately accretive on a free cash flow per share and increasingly accretive in the second year • Expected mid-teens annual EBITDA growth over the next several years stemming from strong traffic and revenue growth plus margin expansion • Above metrics do not include cost synergies from CBX, but management expects cost saving in the high-single-digit millions of U.S. dollars • Above metrics do not include revenue uplift from full integration of CBX into GAP 6 Transaction Expected to Enhance GAP’s Financial Profile Note: 1. Considering merger plus cash acquisition of minority of CBX
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Mexican Shareholders [] Transaction Structure Overview Existing Ownership Structure AENA AMP(1) 2024 EBITDA: ~US$968 MM TSO: 505.3 MM Post Transaction Ownership Structure Former AMP Shareholders 2024 Combined EBITDA: ~US$1,107 MM TSO: ~595.3 MM The Transaction Will Result in the Integration of CBX and the Simplification of GAP’s Ownership Structure Series B Shares 18.8% 100.0% 25% of CBX acquired with cash 100.0% 33.3%66.7% Intermediate Entities(1) 75.0% 19.3% 7 Public Float 80.7% Series B Shares 68.5% ~90 MM Newly Issued Shares Series BB Shares 12.7% 2024 CBX + TAA EBITDA: US$139 MM (2) +14.3% GAP Combined GAP AMP Shareholders Other Investor 25.0% Note: 1. Entities to be merged 2024 EBITDA: ~US$93.6 MM CBX Public Float
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8 CBX: Seamless Solution in One of the World’s Busiest Border Crossings A Parking 20 Min. From San Diego Tijuana Airport Border Wall Site: 94 acres Terminal: 83,000 Sq. Ft. 6.5k+ Parking Stalls Solar Panel Covered Parking New Parking Lot • One-of-a-kind cross-border terminal located in the U.S. and physically connected to TIJ airport • Seamless connection: ~20-minute crossing vs. 2-3 hours at traditional border points; serves the world’s busiest land border • Strategic location: Otay Mesa, San Diego – Tijuana, Mexico; connects Southern California to 38+ Mexican/international destinations via TIJ airport • Strong track record: Opened in 2015; +25 MM passengers to date • Revenue mix 2024 (non-regulated): Tickets (69%), parking (21%), ancillary services (10%) • Long-lived asset: Freehold asset operating under an indefinite term U.S. Presidential Permit and a 50-year contract with U.S. Customs and Border Protection (“U.S. CBP”) • Best-in-class management team: ~150 employees + 75 outsourced employees What Is CBX?
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A 9 Tijuana Airport Note: 1.To be acquired as part of the transaction Parking, Rental Car Center Birdseye View of GAP’s Footprint Post Transaction Adjacent Land (~60 acres)(1)
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How Does CBX Work? Who Uses CBX? Why Do Customers Choose CBX? How Does CBX Work with Border Authorities? • Ticketed airline passengers traveling via TIJ • User Base Mix: ~75% originate travel from the U.S. and ~25% from Mexico • Segments: Family visits, leisure, and business travelers • Capture Rate: Used by ~32% of TIJ airport passengers in 2024 • Gateway for fast, convenient and price competitive travel between the U.S. and 35 destinations in Mexico (second airport with most direct routes in Mexico, trailing only AICM) • ~20-minute average crossing time in 2024, far quicker than traditional crossings • CBX + TIJ flight to/from a Mexican destination is often faster, cheaper, and more convenient than flying to/from LAX or SAN • CBX is a U.S. land border crossing • U.S. CBP operates inside CBX to ensure secure and efficient border operations • U.S. CBP and the Instituto Nacional de Migración collaborate with CBX to staff officers based on passenger volumes • CBX reimburses the U.S. CBP for the costs of officers working at CBX A 10
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Why Do Travelers Prefer Using CBX?A San Ysidro and Otay Land Crossings Flight Connectivity to Mexico 35+ destinations ~2 destinations ~15 destinations N/A Border Crossing Time Quick customs and immigration process (~20 minutes) Long – depending on destination’s security and passport check line Long border wait times (~2 hours) All-in Cost Lower, or equal, ground transport fares Substantially lower airfares on domestic Mexico routes Higher ground transport fares Higher airfares for Mexico destinations Similar to CBX if flying from TIJ Ground Access / Parking Available parking ‒ (U.S.-based travelers) On-site rental cars ‒ (Mexico-based travelers) Off-site parking ‒ (Expensive) Off-site rental cars ‒ (Expensive) N/A Airport Traffic Evolution (MM Passengers) N/A 11 Note: 1. SAN: San Diego Airport. LAX: Los Angeles Airport (1) (1) The Advantages of Traveling Via CBX/TIJ Have Made It an Increasingly Popular Choice Amongst Southern California Travelers 8.9 12.5 2019 2024 ’19-’24 CAGR: 7.0% ’19-’24 CAGR: 0.0% ’19-’24 CAGR: (2.8%) 25.2 25.2 2019 2024 88.1 76.6 2019 2024
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Side-by-Side: CBX vs. GAP 12 Geographic Footprint • United States • Mexico and Jamaica Currency Split • 100% USD • ~20% USD / ~80% MXN Type of Revenues • Unregulated • Regulated – 5-year master plan, which defines allowable tariffs, investment commitments, and service quality standards End of Concession Life • Open-Ended – Presidential Permit • 2048 Revenue Growth (CAGR ’19 – ’24) • 18.2% • 13.3% EBITDA Margin (LTM 9M25) • 66.7% • 66.3% FCF Margin (LTM 9M25) • 63.6% • 37.2% FCF Conversion (LTM 9M25) • 95.3% • 56.0% Net Leverage (LTM 9M25) • ~0.4x(1) • ~2.0x Notes: 1.Calculated using CBX’s expected Net Debt as of 2025YE and actual EBITDA LTM 9M25 A
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TAA Internalization TAA Internalization • AMP provides management and consulting services to GAP under the TAA for a fee ꟷ Fee represents 5% of GAP’s Mexican Airports EBITDA ꟷ Automatic TAA renewal every 5 years(1) (last renewed on August 25, 2024) ꟷ Expected annual savings from the internalization equivalent to ~5% of Mexican airport EBITDA (US$50.8 MM LTM 9M25)(2) • GAP will absorb services currently provided by AMP, including: ꟷ Business plan and growth strategy ꟷ Financial control and operational systems ꟷ Marketing and commercialization initiatives ꟷ Manuals, training, and labor policies ꟷ Investment programs and Master Development Program B 13 Note: 1.Unless the Shareholders’ Meeting requests its cancellation 2. Considering an fx rate of MXN$18.7012 per US$ Acquisition of Cash at the Merged Entities • As part of the proposed transaction, GAP will streamline its corporate structure by merging five entities, creating a simpler and more efficient organization ꟷ AMP is expected to cease operations following the merger and the internalization of the TAA, reducing operational complexity • The transaction perimeter is expected to include up to ~US$290 MM in cash and ~US$74 MM in debt consolidated into GAP ꟷ Strategic shareholders to receive additional GAP shares, reinforcing alignment with GAP’s growth objectives and long-term value creation ꟷ Strategic shareholders will be subject to a 365-day lock-up period, except for two portions: (i) up to 25% of their shares may be sold after 90 days, and (ii) an additional 25% may be sold after 180 days
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14 Transaction Merits CBX: A Unique Infrastructure Asset Driving TIJ’s Sustainable Growth Compelling Value Proposition for Travelers Enhancing to GAP’s Financial Profile Expansion and Diversification of GAP’s Portfolio Commercial Alignment and Revenue Growth Acceleration Actionable Growth Opportunities TAA Internalization to Enhance Profitability Benefit from GAP’s Share Performance 1 2 3 4 5 6 7 8 CBX TAA GAP
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1. TIJ Had the Highest Passenger Growth of All Mexican Airports Over the Past Decade… CBX-Driven Growth Accelerates TIJ’s Expansion 15 100 120 140 160 180 200 220 240 260 280 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5.3% ‘15-’24 CAGR 11.1% 7.4% 9.3% 5.3% 3.3% TIJ MTY PVR MER Other(1) CDMX(2) BJX 8.5% 6.9%GDL SJD 8.3% 5.1%CUN Historical PAX Growth | Indexed to 100 as of 2015 | Excluded COVID impact from 2020 - 2021 Notes: 1. Includes all airports with fewer than 3 million passengers per year from the three main airport groups 2. Also includes AIFA starting from March 2022. CBX TAA GAP TIJ Growth Pre-CBX ’10-’15 CAGR: 5.9%
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1. …and CBX Was a Key Driver of TIJ’s Growth CBX Is a Resilient Asset with a Double-Digit Traffic Growth Since Inauguration, and a Meaningful Contributor to TIJ’s Traffic Growth Notes: 1. CBX Capture Rate calculated as CBX Traffic / TIJ Traffic 2. In September 2023, RTX announced the recall of 3,000 engines throughout the world, affecting Airbus aircraft and airlines operating at TIJ airport 16 Atypical years (Covid + Engine Recall) CBX TAA GAP - 1.4 1.9 2.3 2.9 1.7 2.8 4.2 4.3 4.0 4.1 4.9 5.0 5.2 5.6 6.0 4.6 6.9 8.1 8.9 8.5 8.6 4.9 6.3 7.1 7.8 8.9 6.3 9.7 12.3 13.2 12.5 12.7 21.5% 32.0% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM 9M25 CBX TIJ Traffic Non-CBX TIJ Traffic CBX Capture Rate (%) Total TIJ and CBX Traffic Since CBX Inauguration and CBX Capture Rate(1) Traffic in MM Pax, Capture Rate in % CBX Inaugurated in Dec 2015 14.6% CBX Traffic CAGR (’16-’24) 11.1% TIJ Traffic CAGR (’15-’24) Covid Engine Recall(2) +1,058 bps Today, one-way and round-trip costs on average US$35 and US$55 per PAX, respectively
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2. Compelling Value Proposition for Travelers CBX Offers the Convenience of Direct Cross-Border Connectivity… 35 15 2 TIJ LAX SAN Total Destinations in Mexico Offered by TIJ vs. LAX and SAN Number of Destinations Strategic Connectivity and Seamless Border Crossing Over 4 million passenger crossings in 2024 Strong proximity to key Southern California counties Access to highly affluent California population (5th largest economy in the world and largest Mexican-American population in the U.S.) Average crossing time of ~20 minutes, compared to 2-3 hour wait times in nearby crossings Expanded Regional and International Reach TIJ’s flight destination offering – over 35 destinations in Mexico – is second only to Mexico City’s International Airport Ground transportation links to Northern California, Las Vegas, and Phoenix Competitive alternative to congested and slot-limited Southern California airports 17 CBX TAA GAP 38 total routes 35 domestic 3 international 35 Destinations Phoenix Beijing Shenzhen
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2. Compelling Value Proposition for Travelers (Cont’d) …and the Often-Lower Total Cost of Travel Obtained Via CBX and a Domestic Mexican Airline Flight 69% 21% 10% Ticket Sales Parking Ancillary Services US$ 143 MM 2024 Total Revenue and Revenue Mix Total Revenue in US$ MM, Revenue Mix in % Access to significantly lower airfares via TIJ ‒ Flights from TIJ to Mexican destinations typically cost 50% to 75% less than equivalent routes from SAN or LAX ‒ Access to low-cost Mexican carriers Lower related costs (parking, rental car, etc.) Robust suite of end-to-end travel services, including: ‒ 6,500+ paid parking stalls (currently at ~45% utilization) ‒ Shuttle and ride-share options ‒ Rental car services ‒ Food and retail Enhanced passenger experience from integrated services Cost-Effective Travel Alternative Integrated Passenger Services & Infrastructure 18 Notes: 1. Figures represent the average cost of a round-trip, non-stop, economy ticket to Los Cabos during March 2025, as per GAP Management guidance CBX TAA GAP 165 331 342 CBX / TIJ SAN LAX Average Air Ticket Price(1) Comparison to SAN and LAX Average Ticket in US$ Car Rental Food & Beverage Ground Transportation Other
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2. Compelling Value Proposition for Travelers (Cont’d) 19 Passengers from several counties in the vicinity of LAX opt for CBX, showcasing the asset’s relevance Congestion in Southern California airports, especially in LAX and SAN, makes CBX an attractive alternative Top 5 US Counties ’24 CBX PAX ’24 PAX to MX by County ’24 CBX PAX Share San Diego 2.3 MM 5.2 MM 43% Los Angeles 547 k 3.5 MM 15% Riverside 455 k 765 k 59% Orange 310 k 808 k 38% San Bernardino 227 k 446 k 50% Heat Map with CBX Passenger Volume by County and Distances to TIJ Drive Time and Distance from City Center to TIJ 2.3 MM 0 Sacramento San Jose ~8hr drive ~850 km ~7.5hr drive ~750 km San Francisco ~8hr drive ~ 850 km Fresno ~5.5hr drive ~600 km Los Angeles ~2hr drive ~250 km San Diego ~20 min drive ~30 km # of PAX Convenient Alternative for Most of California Travelers… …As Seen in CBX’s High U.S.-Mexico Passenger Share CBX Offers a Highly Attractive Alternative for California Travelers Source: ICF SH&E
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3. Enhancing to GAP’s Financial Profile CBX Provides High-Margin, Capital-Light Growth, Boosting EBITDA Margin and Free Cash Flow While Enabling Flexible, Strategic Capital Deployment Notes: 1. Free Cash Flow calculated as EBITDA –CapEx (CapEx considers maintenance and expansion CapEx) 2. FCF Margin calculated as Free Cash Flow / Revenue High Margin Asset Capital-Light Business Model Strong Free Cash Flow Conversion 20 CBX TAA GAP 61.9 151.1 36.5 100.7 59.0% 66.7% 2019 LTM 9M25 Revenue EBITDA EBITDA Margin (%) Historical Revenue, EBITDA, and EBITDA Margin Evolution Revenue in US$ MM, EBITDA Margin in % ~770 bps 36.5 100.7 (4.3) (4.7) 52.0% 63.6% 2019 LTM 9M25 EBITDA CapEx FCF Margin Free Cash Flow(1) Profile EBITDA and CapEx in US$ MM | FCF Margin(2) in % 32.2 Free Cash Flow 96.0 ~1,160 bps Additionally, GAP has the opportunity to realize cost synergies while maintaining compliance with current CBX standards, with estimated annual savings of high-single-digit millions of U.S. dollars
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4. Expansion and Diversification of GAP’s Portfolio Advances GAP’s Long-Term Strategy to Diversify its Business Beyond Regulated Mexican Airport Concessions Note: 1. Assuming 2024 USD revenue share of GAP on a standalone basis, adjusted by CBX’s USD revenue contribution 100% USD-denominated revenue Direct exposure to the U.S. market with ~75% of passengers originating from the U.S. Increases GAP’s share of USD revenue to ~27% 100% non-regulated revenue 35% of pro-forma GAP revenue will be ancillary to passenger ticket revenue Longer-life asset than GAP’s Mexican airport concessions: Presidential Permit with indefinite term CBX Will Increase U.S. Dollar Revenues for GAP, Increasing Currency Diversification… …While Increasing Non-Aero Revenue, Strengthening GAP’s Push for Diversification Beyond Concessions 21 CBX TAA GAP 20% 27% 2024 Actual 2024 Pro Forma US$ Revenue as % of GAP's Total Revenue(1) % 29% 35% 2024 Actual 2024 Pro Forma Non-Aero Revenue as % of GAP's Total Revenue, Non-Aero GAP Revenue per PAX %, MXN$ / PAX 35% increase in Non-Aero Revenue per PAX $123 $166
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5. Commercial Alignment and Revenue Growth Acceleration CBX Integration Enables GAP to Capture Additional Revenue by Combining Crossing Ticket Income with Round-Trip Earnings Illustrative Example: Passengers traveling from Guadalajara to TIJ and using CBX to cross into San Diego or Los Angeles—rather than flying directly— demonstrates how CBX integration boosts revenue and strengthens TIJ’s market share. GDL to LAX / SAN(1) GDL to TIJ(1) 22 Note: 1. SAN: San Diego Airport. LAX: Los Angeles Airport. GDL: Guadalajara Airport CBX TAA GAP Potential ancillary revenues (e.g. parking, car rental, and others) Half of the aero revenue + ancillary income at U.S. airport Outbound & Return Aero Fees CBX Tickets Ancillary Revenues GAP’s Revenues Outbound Aero Fee GAP’s Revenues
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6. Actionable Growth Opportunities 23 Targeted Initiatives to Drive Market Expansion, Customer Acquisition, Ancillary Services, and Operational Efficiency CBX TAA GAP Market Expansion and Demand Consolidation Long-term Projects Customer Acquisition and Revenue Optimization Expansion of Ancillary Services Tech-Driven Operational Efficiencies Capture traffic from alternate border crossings Strategic initiatives to attract new international routes New partnerships and digital marketing Increase OTA visibility via TIJ travel code Optimize parking (long-term stay discounts, local promotions, bundles) Expand car rental and ground transportation options Increase destination options and hospitality services Continued investment in technology to streamline passenger journey Develop ~60 acres of adjacent land for hospitality, lodging, parking, car rental operations, and convention centers Expand CBX footprint and model through new projects (e.g., rental car center, hotel, food & beverage) Revenue management: dynamic pricing, bundles, tactical increases Implement automation and self-service immigration eGates Reduce U.S. CBP reimbursement per passenger as automation scales Opportunity to participate in upcoming border and infrastructure projects
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6. Actionable Growth Opportunities (Cont’d) 24 Actual CBX Area GAP Land Reserve (outside the scope of the Concession Title) Birdseye View of Current Infrastructure CBX TAA GAP ~60 acres of underdeveloped land TIJ Airport Potential sites aligned for future land border crossing development
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7. TAA Internalization to Enhance Profitability The TAA Internalization Will Lead to Improved Margins for GAP, as well as a Simpler and More Efficient Corporate Structure 25 GAP expects to save approximately 5% of the EBITDA generated by its Mexican airport concessions ‒ Approximately 3% of consolidated EBITDA ‒ Expected annual savings equivalent to approximately 5% of Mexican airport EBITDA (US$50.8 million LTM 9M25)(1) GAP’s management expects continuity in operational excellence while fostering greater agility, accountability, and control The internalization is consistent with common practices for similar operators The mergers simplify GAP’s ownership structure and governance transparency Historical TAA Payments Payments in MXN$ MM Notes: 1. Figure in US$ MM, converted at an FX of MXN$18.70 per US$, for illustrative purposes CBX TAA GAP 462 289 526 757 851 845 950 2019 2020 2021 2022 2023 2024 LTM 9M25 50.8 (1) TAA Payment in US$
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8. Benefit from GAP’s Share Price Performance GAP’s Share Price Performance Presents a Favorable Backdrop for Equity Issuance 26 All Strategic Shareholders to Receive 100% of Transaction Consideration in GAP Shares, Demonstrating Commitment and Alignment with GAP’s Long-Term Value Opportunity CBX TAA GAP - 50 100 150 200 250 300 350 Jan-19 Oct-19 Jul-20 Apr-21 Jan-22 Oct-22 Jul-23 Apr-24 Jan-25 Oct-25 GAP ASUR OMA IPC 149% 151% 90% 48% Indexed Share Price Performance Indexed to 100 as of January 2019 GAP’s Share Price Performance Since 2019 GAP share is currently trading at ~84% of its all- time high
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Thank you 27