Corporación América Airports (CAAP) Corporate presentation summary

Portfolio and scale

• Operations span 6 countries and 52 airports; 86.7m passengers served in 2025, with 2025 adjusted EBITDA of $727.8m as reported.

• 2025 portfolio footprint included 37 airports in Argentina, 8 in Uruguay, 2 each in Armenia, Brazil and Italy, and 1 in Ecuador.

• Concession regimes represented 55% of 2025 revenue and 57% of EBITDA under single till, 37% and 38% under inflation-based terms, and 8% and 5% under dual till.

• 2026 extensions included 18 years for Argentina, 35 years for Armenia and 6 years for Galapagos, Ecuador.

Operating model and assets

• Operating capabilities span infrastructure planning, airline route development, cost optimization, non-aeronautical revenue growth and engagement with governments and regulators.

• Ezeiza served 8.5m international passengers in 2025, equal to 55% of Argentina’s international passenger volume; Brasília is the country’s third-largest airport and main domestic hub.

• Airline relationships cover legacy, regional, low-cost and international carriers; exposure to low-cost carriers has increased and the airline portfolio has nearly tripled since 1998.

Organic growth investments

• Florence plan: ~€500m investment in 2026–2030, including €150m government-financed and €350m self-financed; completion targeted for 2030 and additional capacity of 5.4m passengers, to 8.0m total.

• Florence works include a 39,900 sqm terminal and a 2,200 m runway, up from 1,560 m, intended to enable flights over 6 hours versus the current 4-hour limit.

• Zvartnots plan: $425m investment, completion by 2033 and additional capacity of 8.5m passengers, to 12.0m total; includes 40,000 sqm of terminal expansion and 6,200 sqm of commercial space.