Research Analyst at Grupo Bursátil Mexicano (GBM)
Isabela Salazar Leipen is an Equity Research Analyst at Grupo Bursátil Mexicano (GBM), specializing in coverage of the consumer and retail sectors with a focus on major Mexican companies such as Walmart de México, FEMSA, Soriana, and Bimbo. Known for her data-driven analysis and sector expertise, she has demonstrated a consistent track record of generating actionable investment ideas, contributing to GBM's research team performance. Isabela began her financial career in 2018, building on internships at consulting and financial firms before joining GBM, where she rapidly advanced due to her strong analytical skills and sector knowledge. Holding professional certifications including AMIB (Asociación Mexicana de Intermediarios Bursátiles), she is recognized for her rigorous methodology and client-focused insights.
Isabela Salazar Leipen asked for insights into the company's capital allocation strategy, given its significant cash position.
Adolfo Castro Rivas reiterated that the company's primary goal is to find attractive investment opportunities for growth as an airport operator. He added that if no suitable opportunities arise, the company will continue its practice of returning cash to shareholders.
Isabela Salazar Leipen inquired about how close OMA is to reaching its maximum allowable tariff for the current year.
CEO Ricardo Duenas responded that the company is currently at 99.3% compliance with its maximum tariff.
Isabela Salazar Leipen inquired about how close OMA is to reaching its maximum regulated tariff for the current year.
CEO Ricardo Duenas responded directly that OMA is currently at 99.3% compliance with its maximum allowable tariff.
Asked for details on the recent tariff discounts, including which airports were affected and the resulting percentage of the maximum tariff being charged. She also attempted to ask about new commercial initiatives before her call dropped.
The tariff discount was applied to all airports except Mazatlan, Zihuatanejo, and Zacatecas. For the full year 2023, OMA's tariff compliance was 97.5% of the maximum allowed. The question on commercial initiatives was not answered due to the call being disconnected.