Q1 2026 Corporacion America Airports SA Earnings Call Transcript

May 13, 2026 / 02:00 PM GMT

Release Date Price: $23.85 (-4.37%)

Transcript

Key Points

Positve

Passenger traffic increased by 7% year-over-year, with strong international travel growth, particularly in Argentina.
Revenue growth outpaced passenger traffic, with a 19% increase in total revenues, driven by strong performance in Argentina, Armenia, and Brazil.
Adjusted EBITDA increased by 26%, with margin expansion supported by disciplined cost management and strong revenue growth.
The company maintained a strong balance sheet with declining leverage, providing flexibility for investments and potential dividend policy implementation.
Significant progress in strategic initiatives, including a 35-year concession extension in Armenia and ongoing discussions for new opportunities in Iraq and Angola.

Negative

Domestic traffic was stable, with some regions like Argentina and Italy experiencing capacity constraints and operational disruptions.
Higher fuel costs in Armenia and increased concession fees contributed to a 13% rise in total costs and expenses.
SG&A expenses increased by 19%, driven by higher salaries and service fees related to new business activities.
Despite strong overall performance, Italy's adjusted EBITDA growth was modest at 4%, impacted by construction services.
Geopolitical tensions in the Middle East affected Armenia's traffic, although the impact was less severe than anticipated.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CAAP.N - Corporacion America Airports SA
Q1 2026 Corporacion America Airports SA Earnings Call
May 13, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, and welcome to Corporacion America Airport's first-quarter 2026 conference call.

A slide presentation accompanies today's webcast and is available in the investor section of the company's website.

As a reminder, all participants are in listen-only mode. There will be an opportunity to ask questions at the end of the presentation.

At this time, I would like to turn the call over to Patricio Inaki Eznola, Head of Investor Relations. Patricio, please go ahead.

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Unidentified_2 [2]
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Thank you.

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