Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Good day, ladies and gentlemen, and welcome to ASUR's first quarter 2021 results conference call. My name is Christina, and I'll be your operator. At this time, all participants are in listen-only mode. We will conduct a question and answer session toward the end of today's conference. If you would like to ask a question, please press star followed by one. You may withdraw your question at any time by pressing star followed by two. If you are using a speakerphone, please lift the handset before making your selection. As a reminder, today's call is being recorded. Now I'd like to turn this call over to Mr. Adolfo Castro, Chief Executive Officer. Please go ahead.

Thank you, Christina, and good morning, everyone. Thank you for joining us on our conference call to discuss ASUR's first quarter 2021 and financial and operating results. I hope that all of you and your families are managing to stay healthy and safe. As a reminder, please note that certain statements made during the course of our discussion today may constitute forward-looking statements, which are based on current management expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to different materials. including factors that may be beyond our company's control, including the impact from COVID-19. For an explanation of these risks, please refer to our filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange. Before starting the discussion of our results for the quarter, as expected earlier this month, we concluded the extraordinary maximum target revision for our master dependent plan for our Mexican operations. The revision resulted in a reduction of around 2.65 billion Mexican pesos from the original 10.9 billion Mexican pesos as of December 2016. Committed investments for the current five-year period ending 2023. We also held our annual shareholders meeting yesterday, which, among other items, shareholders approved, setting aside all remaining accumulated net profits for the fiscal year 2020, as well as setting aside 5% to increase the legal reserve. To the source, shares referred to the reserve. On the governance front, I wish you to welcome Mrs. Leanne Staden and Mrs. Diana Chavez as new independent members of the board of directors whose nominations were approved at yesterday's shareholders meeting. Mrs. Staden brings over 20 years of experience of financial markets. She was managing director at Merrill Lynch and member of its flagship New York international offices. Prior expertise includes positions at Bankers Trust and Deutsche Bank. She's also on the board of trustees of the University of Southern California. Ms. Chavez brings to Azure extensive expertise in advancing the agenda of corporate governance and sustainability. She is the Executive Director and Chairperson of the Board of CIPAL, a private sector century promoting research for the implementation of the United Nations Sustainability Goals and Initiatives in Colombia. She is also the Chair of the Board of Trustees of UNITAR, the United Nations Institute for Training and Research in Geneva. In addition, independent director, Mrs. Barbara Gansalagüera, who until now was a member of the Nominations and Compensation Committee, was appointed to chair this committee. With these two new board appointments, our board is now composed of a total of 11 members, seven of which are independent. Additionally, we have increased our female participation at the board level and our nominations and compensations committee is now headed by an independent board member. These advances underscore our commitment to further enhancing ESG. We look forward to providing more updates on this front in our 2020 sustainability report that we expect to publish within the next 30 days. Now, moving on the travel environment across our airports, commercial travel in Colombia resumed last September, while our airports in Mexico and Puerto Rico have remained open throughout the pandemic. Traffic in the first three months of the year continued to recover observed since last June, down 32% year-over-year to 5.1 million passengers, compared with drops of 50 and 70% in the fourth and third quarters of last year. By country, traffic was down 36% in Mexico, 20% in Puerto Rico, and 30% in Colombia. Domestic traffic continued to pose better trends. In Mexico and Puerto Rico, domestic traffic was down year-over-year in the mid-high teens, with traffic in Colombia declining in the high 20s. This compared with the year-over-year declines in international traffic of nearly 50% in Mexico and Colombia, and 70% in Puerto Rico. Looking at our monthly traffic, traffic recovers in Mexico.

Please stand by. Please go ahead.