Grupo Aeroportuario del Pacifico Announces Master Development Program and Maximum Tariffs for Its Mexican Airports for the 2025-2029 Period

GUADALAJARA, Mexico, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) that it has concluded the ordinary review process for the Master Development Program (“MDP”) and Maximum Tariffs for its airports in Mexico, approved by the Ministry of Infrastructure, Communications and Transportation (Secretaría de Infraestructura, Comunicaciones y Transportes “SICT”), through the Federal Civil Aviation Agency (Agencia Federal de Aviación Civil “AFAC”) for the 2025-2029 period.

The maximum tariffs per workload unit for each airport were determined by the AFAC, based on projections for traffic, operating costs, and capital investments included in the Master Development Program, as well as the Reference Values and discount rate, following the parameters established in Annex 7 of the Concession Agreements, that contain the Rules for Tariff Regulation in force since October 19, 2023.

The applicable maximum tariffs per workload unit for each airport were the following:

Figures are expressed in pesos as of December 31, 2023.

The tariffs were adjusted by an annual efficiency factor of 0.8% and are expressed in Mexican pesos as of December 31, 2023, following the document received from the Authority, they will be updated per the National Producer Price Index (NPPI), excluding petroleum.

Committed investments, in accordance with the Master Development Programs approved by the authorities, are expressed in thousands of pesos with acquisition power as of December 31, 2022. As such, these will be updated per the National Producer Price Index (NPPI), construction sector, upon execution:

Figures are expressed in thousands of pesos as of December 31, 2022.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be notified of all complaints for immediate investigation.