Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. Business Summary

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), known as OMA, operates a diversified infrastructure business model centered on the concession of 13 international airports across central and northern Mexico, including the high-traffic Monterrey industrial hub. The company generates revenue through two primary streams: aeronautical services, which include regulated passenger charges and aircraft landing fees, and non-aeronautical services, comprising commercial leasing for retail and restaurants, parking, and air cargo logistics. OMA further differentiates its portfolio through a dedicated diversification segment that manages the NH Collection and Hilton Garden Inn hotels, alongside the OMA-VYNMSA Industrial Park. Within the Mexican aviation market, OMA competes directly with Grupo Aeroportuario del Pacífico (GAP) and Grupo Aeroportuario del Sureste (ASUR), positioning itself as the leading operator for business and industrial travel while maintaining industry-leading EBITDA margins through aggressive non-aeronautical expansion. Leadership is spearheaded by CEO Ricardo Dueñas Espriu, who has led the company since 2018 following his tenure as CFO of Grupo Aeroportuario de la Ciudad de México and an investment banking career at JP Morgan. He is supported by CFO Ruffo Pérez Pliego, a former Credit Suisse executive with extensive experience in airport concessions, and Chief Technical Officer Yann Bihan, who joined in 2024 from VINCI Airports. The company’s strategic direction is heavily influenced by its partnership with VINCI Airports, which holds a 29.9% stake and is represented on the board by Chairman Nicolas Notebaert, the CEO of VINCI Concessions. Other notable institutional backers include BlackRock and State Street, providing a stable capital base as the firm executes its 2026–2030 Master Development Program involving over Ps. 16 billion in committed infrastructure investments.