# EDGAR Filing Document

**Accession Number:** 0001347557
**File Stem:** 0001171843-23-001064
**Filing Date:** 2023-2
**Character Count:** 75608
**Document Hash:** c405931be005f29cddb2f68a9fefe38f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-23-001064.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001171843-23-001064

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230221

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacific Airport Group
- **CENTRAL INDEX KEY:** 0001347557
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES [4581]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** O5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32751
- **FILM NUMBER:** 23646914

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA MARIANO OTERO NO. 1249, PISO 6
- **STREET 2:** COL. RINCONADA DEL BOSQUE
- **CITY:** GUADALAJARA, JALISCO
- **STATE:** O5
- **ZIP:** 45140
- **BUSINESS PHONE:** (52)(33) 3880-1100

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA MARIANO OTERO NO. 1249, PISO 6
- **STREET 2:** COL. RINCONADA DEL BOSQUE
- **CITY:** GUADALAJARA, JALISCO
- **STATE:** O5
- **ZIP:** 45140

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of February 2023**

Commission File Number: **001-32751**

**GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V. (PACIFIC AIRPORT GROUP)**

(Translation of registrant's name into English)

México

(Jurisdiction of incorporation or organization)

Avenida Mariano Otero No. 1249-B

Torre Pacifico, Piso 6

Col. Rinconada del Bosque

44530 Guadalajara, Jalisco, México

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ] &nbsp;&nbsp;&nbsp;&nbsp; Form 40-F [ ]

------

**Grupo Aeroportuario del Pacifico Announces Results for the Fourth Quarter of 2022**

GUADALAJARA, Mexico, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) ("the Company" or "GAP") reported its consolidated results for the fourth quarter ended December 31, 2022 (4Q22) (tables are presented at the end of this report comparing passenger traffic and consolidated results for 2022 to 2019, to illustrate the recovery and trend of these metrics). **Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards ("IFRS")** as issued by the International Accounting Standards Board ("IASB").

**<u>Summary of Results 4Q22 vs. 4Q21</u> *<u>(and 4Q19 for purposes of illustrating the recovery trend)</u>*<u>:</u>**

* The sum of **aeronautical and non-aeronautical services revenues increased by Ps. 1,442.2 million, or 31.0%** *(Ps. 2,357.8 million, or 63.1%, as compared to 4Q19)*. Total revenues increased by Ps. 2,817.3 million, or 54.3% *(Ps. 3,431.6 million, or 75.0%, as compared to 4Q19)*.

* **Cost of services increased by Ps. 264.1 million, or 29.9%** *(as compared to 4Q19, the cost of services increased Ps. 372.5 million, or 48.2%)*.

* **Income from operations increased by Ps. 918.8 million, or 33.6%** *(Ps. 1,720.3 million, or 89.0%, as compared to 4Q19)*.

* **EBITDA increased by Ps. 997.4 million, or 30.6%** *(Ps. 1,829.3 million, or 75.5%, as compared to 4Q19)*, an increase from Ps. 3,255.0 million in 4Q21 to Ps. 4,252.4 million in 4Q22. EBITDA margin (excluding the effects
of IFRIC 12) went from 70.1% in 4Q21 to 69.8% in 4Q22 *(EBITDA margin (excluding the effects of IFRIC 12) was 65.0% in 4Q19)*.

* **Comprehensive income decreased Ps. 297.6 million, or 15.2%** *(as compared to 4Q19, it increased Ps. 625.3 million, or 60.4%)*, from an income of Ps. 1,957.7 million in 4Q21 to an income of Ps. 1,660.1
million in 4Q22.

**Company's Financial Position:**

During 4Q22, results were significantly better as compared to 4Q21, with an increase of 54.3% in total revenues. The Company generated positive EBITDA of Ps. 4,252.4 million, an increase of 30.6% as compared to 4Q21.

In 4Q22, the generation of positive net cash flow from operating activities continued for Ps. 2,910.5 million. The Company reported a financial position of cash and cash equivalents as of December 31, 2022, of Ps. 12,371.5 million. In 4Q22, the Company drew down two credit facilities for Ps. 3,000.0 million for capital investments.

**<u>Passenger Traffic</u>**

During 4Q22, total passengers at the Company's 14 airports increased by 2,657.4 thousand passengers, an increase of 20.8%, compared to 4Q21 *(as compared to 4Q19, total passengers increased by 2,669.4 thousand passengers, or 20.9%)*.

During 4Q22, the following new routes were opened:

**Domestic:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Airline** | **Departure** | **Arrival** | **Opening date** | **Frequencies** |
| Viva Aerobus | Puerto Vallarta | Toluca | November 14, 2022 | 7 weekly |
| Volaris | Guanajuato | Merida | November 18, 2022 | 2 weekly |
| Aeromexico | Guanajuato | Monterrey | December 15, 2022 | 7 weekly |
| Viva Aerobus | Guanajuato | Merida | December 18, 2022 | 2 weekly |

---

<sub>Note: Frequencies can vary without prior notice.</sub>

**International:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Airline** | **Departure** | **Arrival** | **Opening date** | **Frequencies** |
| Viva Aerobus | Guadalajara | Bogota | October 11, 2022 | 2 weekly |
| Flair | Puerto Vallarta | Vancouver | October 25, 2022 | 2 weekly |
| Flair | Puerto Vallarta | Edmonton | November 2, 2022 | 2 weekly |
| WestJet | Puerto Vallarta | Comox | November 5, 2022 | 1 weekly |
| Frontier | Guadalajara | Orlando | November 6, 2022 | 2 weekly |
| Air Canada | Los Cabos | Calgary | November 6, 2022 | 1 weekly |
| Frontier | Kingston | Atlanta | November 7, 2022 | 2 weekly |
| Arajet | Kingston | Santo Domingo | November 14, 2022 | 2 weekly |
| Sunwing | Puerto Vallarta | Saskatoon | December 11, 2022 | 2 weekly |
| Sunwing | Los Cabos | Winnipeg | December 12, 2022 | 1 weekly |
| Spirit | Montego Bay | Windsor Locks | December 15, 2022 | 4 weekly |
| Sunwing | Los Cabos | Ottawa | December 17, 2022 | 1 weekly |
| Air Transat | Puerto Vallarta | Quebec | December 20, 2022 | 2 weekly |

---

<sub>Note: Frequencies can vary without prior notice.</sub>

**Domestic Terminal Passengers – 14 airports (in thousands):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| Guadalajara | 2542.0 | 3185.9 | 25.3% | 8540.2 | 11155.3 | 30.6% |
| Tijuana \* | 1870.1 | 2129.8 | 13.9% | 6891.3 | 8102.9 | 17.6% |
| Los Cabos | 575.0 | 708.0 | 23.1% | 2020.4 | 2577.8 | 27.6% |
| Puerto Vallarta | 554.3 | 710.5 | 28.2% | 1848.5 | 2654.5 | 43.6% |
| Montego Bay | 0.0 | 0.0 | 0.0% | 0.0 | 0.0 | 0.0% |
| Guanajuato | 404.4 | 528.0 | 30.6% | 1487.1 | 1828.7 | 23.0% |
| Hermosillo | 449.5 | 523.7 | 16.5% | 1457.9 | 1867.2 | 28.1% |
| Kingston | 0.2 | 0.4 | 72.7% | 1.2 | 1.4 | 15.3% |
| Mexicali | 324.3 | 373.8 | 15.3% | 1088.4 | 1292.5 | 18.8% |
| Morelia | 146.9 | 198.9 | 35.4% | 541.0 | 673.2 | 24.4% |
| La Paz | 266.7 | 267.2 | 0.2% | 901.6 | 1053.9 | 16.9% |
| Aguascalientes | 178.1 | 170.0 | (4.5%) | 582.8 | 694.8 | 19.2% |
| Los Mochis | 106.3 | 109.2 | 2.7% | 358.3 | 416.6 | 16.3% |
| Manzanillo | 25.7 | 23.9 | (7.1%) | 86.8 | 97.9 | 12.8% |
| **Total** | **7443.5** | **8929.2** | **20.0%** | **25805.4** | **32416.7** | **25.6%** |

---

<sub>\*Cross Border Xpress (CBX) users are classified as international passengers.</sub>

**International Terminal Passengers – 14 airports (in thousands):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| Guadalajara | 1059.5 | 1218.5 | 15.0% | 3702.7 | 4451.3 | 20.2% |
| Tijuana \* | 885.5 | 1158.4 | 30.8% | 2786.6 | 4221.7 | 51.5% |
| Los Cabos | 1067.1 | 1131.0 | 6.0% | 3529.2 | 4441.5 | 25.8% |
| Puerto Vallarta | 813.6 | 966.6 | 18.8% | 2271.5 | 3554.2 | 56.5% |
| Montego Bay | 821.3 | 1130.3 | 37.6% | 2581.8 | 4356.1 | 68.7% |
| Guanajuato | 184.6 | 206.9 | 12.1% | 631.9 | 774.5 | 22.6% |
| Hermosillo | 25.5 | 19.6 | (23.2%) | 102.1 | 78.1 | (23.5%) |
| Kingston | 264.5 | 432.3 | 63.4% | 829.3 | 1560.7 | 88.2% |
| Mexicali | 2.0 | 1.7 | (14.7%) | 5.6 | 6.3 | 12.9% |
| Morelia | 113.2 | 135.3 | 19.6% | 406.1 | 499.6 | 23.0% |
| La Paz | 4.6 | 6.6 | 44.9% | 18.3 | 25.8 | 41.1% |
| Aguascalientes | 58.6 | 64.3 | 9.8% | 210.6 | 234.5 | 11.4% |
| Los Mochis | 2.3 | 1.6 | (32.9%) | 9.4 | 7.4 | (21.7%) |
| Manzanillo | 16.8 | 15.6 | (7.2%) | 46.5 | 67.9 | 45.9% |
| **Total** | **5317.0** | **6488.7** | **22.0%** | **17131.5** | **24279.6** | **41.7%** |

---

<sub>\*CBX users are classified as international passengers.</sub>

**Total Terminal Passengers – 14 airports (in thousands):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| Guadalajara | 3601.5 | 4404.4 | 22.3% | 12243.0 | 15606.6 | 27.5% |
| Tijuana \* | 2755.6 | 3288.2 | 19.3% | 9677.9 | 12324.6 | 27.3% |
| Los Cabos | 1642.1 | 1839.0 | 12.0% | 5549.6 | 7019.3 | 26.5% |
| Puerto Vallarta | 1367.9 | 1677.0 | 22.6% | 4120.0 | 6208.7 | 50.7% |
| Montego Bay | 821.3 | 1130.3 | 37.6% | 2581.8 | 4356.1 | 68.7% |
| Guanajuato | 588.9 | 734.8 | 24.8% | 2119.0 | 2603.2 | 22.9% |
| Hermosillo | 475.0 | 543.3 | 14.4% | 1559.9 | 1945.4 | 24.7% |
| Kingston | 262.5 | 432.7 | 64.8% | 830.5 | 1562.1 | 88.1% |
| Mexicali | 326.3 | 375.5 | 15.1% | 1094.0 | 1298.8 | 18.7% |
| Morelia | 260.1 | 334.2 | 28.5% | 947.1 | 1172.7 | 23.8% |
| La Paz | 271.3 | 273.8 | 0.9% | 919.8 | 1079.7 | 17.4% |
| Aguascalientes | 236.7 | 234.3 | (1.0%) | 793.4 | 929.3 | 17.1% |
| Los Mochis | 108.6 | 110.7 | 2.0% | 367.7 | 424.0 | 15.3% |
| Manzanillo | 42.6 | 39.5 | (7.2%) | 133.3 | 165.8 | 24.4% |
| **Total** | **12760.5** | **15417.9** | **20.8%** | **42936.9** | **56696.3** | **32.0%** |

---

<sub>\*CBX users are classified as international passengers.</sub>

**CBX Users (in thousands):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| Tijuana | 876.1 | 1148.0 | 31.0% | 2754.3 | 4186.5 | 52.0% |

---

 **Consolidated Results for the Fourth Quarter of 2022 (in thousands of pesos):**

---

| | | | |
|:---|:---|:---|:---|
|  | **4Q21** | **4Q22** | **Change** |
| **Revenues** | | | |
| &nbsp;&nbsp;Aeronautical services | 3571344 | 4710033 | 31.9% |
| &nbsp;&nbsp;Non-aeronautical services | 1077886 | 1381408 | 28.2% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC-12) | 539140 | 1914213 | 255.0% |
| **Total revenues** | **5188370** | **8005654** | **54.3%** |
| **Operating costs** |  |  |  |
| &nbsp;&nbsp;Costs of services: | **881966** | **1146085** | **29.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee costs | 306052 | 376708 | 23.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance | 206595 | 296564 | 43.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safety, security & insurance | 137293 | 168203 | 22.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 107333 | 121656 | 13.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | 124693 | 182954 | 46.7% |
| &nbsp;&nbsp;Technical assistance fees | 155717 | 202678 | 30.2% |
| &nbsp;&nbsp;Concession taxes | 359403 | 496667 | 38.2% |
| &nbsp;&nbsp;Depreciation and amortization | 519409 | 597987 | 15.1% |
| &nbsp;&nbsp;Cost of improvements to concession assets (IFRIC-12) | 539140 | 1914213 | 255.0% |
| &nbsp;&nbsp;Other (income) | (2858) | (6344) | 122.0% |
| **Total operating costs** | **2452777** | **4351286** | **77.4%** |
| **Income from operations** | **2735593** | **3654368** | **33.6%** |
| &nbsp;&nbsp;Financial Result | (328381) | (750104) | 128.4% |
| **Income before income taxes** | **2407212** | **2904263** | **20.6%** |
| &nbsp;&nbsp;Income taxes | (604778) | (1073585) | 77.5% |
| **Net income** | **1802434** | **1830679** | **1.6%** |
| &nbsp;&nbsp;Currency translation effect | 55056 | (141530) | (357.1%) |
| &nbsp;&nbsp; Cash flow hedges, net of income tax | 96525 | (37573) | (138.9%) |
| &nbsp;&nbsp;Remeasurements of employee benefit – net income tax | 3649 | 8491 | 132.7% |
| **Comprehensive income** | **1957664** | **1660067** | **(15.2%)** |
| &nbsp;&nbsp;Non-controlling interest | (35128) | (13212) | (62.4%) |
| **Comprehensive income attributable to controlling interest** | **1922536** | **1646855** | **(14.3%)** |
|  | **4Q21** | **4Q22** | **Change** |
| EBITDA | 3255002 | 4252355 | 30.6% |
| Comprehensive income | 1957664 | 1660067 | (15.2%) |
| Comprehensive income per share (pesos) | 3.8213 | 3.2855 | (14.0%) |
| Comprehensive income per ADS (US dollars) | 1.9600 | 1.6852 | (14.0%) |
| Operating income margin | 52.7% | 45.6% | (13.4%) |
| Operating income margin (excluding IFRIC-12) | 58.8% | 60.0% | 2.0% |
| EBITDA margin | 62.7% | 53.1% | (15.3%) |
| EBITDA margin (excluding IFRIC-12) | 70.1% | 69.8% | (0.4%) |
| Costs of services and improvements / total revenues | 27.4% | 38.2% | 39.6% |
| Cost of services / total revenues (excluding IFRIC-12) | 19.0% | 18.8% | (0.8%) |

---

<sub>- Net income and comprehensive income per share for 4Q22 were calculated based on 505,277,464 shares outstanding as of December 31, 2022 and for 4Q21 were calculated based on 512,301,577 shares outstanding as of December 31, 2021. U.S. dollar figures presented were converted from pesos to U.S. dollars at a rate of Ps. 19.4960 per U.S. dollar (the noon buying rate on December 30, 2022, as published by the U.S. Federal Reserve Board). </sub>

<sub>- For purposes of the consolidation of our Jamaican airports, the average three-month exchange rate of Ps. 19.6969 per U.S. dollar for the three months ended December 31, 2022 was used.</sub>

**Revenues (4Q22 vs. 4Q21)**

* **Aeronautical services revenues increased by Ps. 1,138.7 million, or 31.9%.**

* **Non-aeronautical services revenues increased by Ps. 303.5 million, or 28.2%.**

* **Revenues from improvements to concession assets increased by Ps. 1,375.1 million, or 255.0%.**

* **Total revenues increased by Ps. 2,817.3 million, or 54.3%.**

* The change in **aeronautical services revenues** was primarily due to the following factors:

Revenues at our **Mexican airports** increased by Ps. 953.0 million or 30.6% compared to
4Q21, mainly due to the 18.7% increase in passenger traffic and the adjustment in maximum rates because of inflation. 
Revenues from the **Montego Bay airport** increased by Ps. 99.9 million, or 31.9%, compared
to 4Q21. This was mainly due to the 37.6% increase in passenger traffic. During 4Q22, there was a 5.1% appreciation of the peso versus
the U.S. dollar, which went from an average exchange rate of Ps. 20.7468 in 4Q21 to Ps. 19.6969 in 4Q22, which represented a decrease
in revenues in pesos.
Revenues from the **Kingston airport** increased by Ps. 85.8 million, or 59.3% compared to
4Q21, mainly due to an 64.8% increase in passenger traffic. 

* The change in **non-aeronautical services revenues** was primarily driven by the following
factors:

Revenues at our **Mexican airports** increased by Ps. 249.8 million, or 27.8%, compared to
4Q21. Revenues from businesses operated by third parties increased by Ps. 134.6 million, or 22.4%, mainly due to the recovery of passenger
traffic. The business lines that grew the most were food and beverage, retail, car rentals, duty-free stores, time shares and communication
and financial services, all of which increased by Ps. 120.0 million, or 24.5%. Revenues from businesses operated directly by us increased
by Ps. 112.2 million, or 43.4%, while the recovery of costs increased by Ps. 2.9 million, or 7.4%.
Revenues from the **Montego Bay airport** increased by Ps. 42.6 million, or 31.2%, compared
to 4Q21. Revenues in U.S. dollars increased US$2.5 million, or 32.8%. 
Revenues from the **Kingston airport** increased by Ps. 11.1 million, or 26.0%, compared
to 4Q21. Revenues in U.S. dollars increased US$0.7 million, or 32.2%. 

---

| | | | |
|:---|:---|:---|:---|
|  | **4Q21** | **4Q22** | **Change** |
| Businesses operated by third parties: |  |  |  |
| Duty-free | 161459 | 175353 | 8.6% |
| Food and beverage | 149840 | 200865 | 34.1% |
| Retail | 116054 | 162571 | 40.1% |
| Car rentals | 113535 | 142812 | 25.8% |
| Leasing of space | 67052 | 80042 | 19.4% |
| Time shares | 54519 | 59245 | 8.7% |
| Ground transportation | 42902 | 45325 | 5.6% |
| Communications and financial services | 19482 | 26616 | 36.6% |
| Other commercial revenues | 36071 | 29469 | (18.3%) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | **760914** | **922298** | **21.2%** |
| Businesses operated directly by us: |  |  |  |
| Car parking | 114784 | 154210 | 34.3% |
| VIP lounges | 74314 | 104579 | 40.7% |
| Advertising | 19548 | 48998 | 150.7% |
| Convenience stores | 56902 | 93866 | 65.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | **265547** | **401654** | **51.3%** |
| Recovery of costs | 51425 | 57455 | 11.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Non-aeronautical Revenues** | **1077886** | **1381408** | **28.2%** |

---

<sub>Figures expressed in thousands of Mexican pesos.</sub>

* **Revenues from improvements to concession assets**<sup>1</sup>Revenues from improvements to concession assets
(IFRIC-12) increased by Ps. 1,375.1 million, or 255.0%, compared to 4Q21. The change was composed primarily of:

Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,352.9
million, or 269.6%, due to the increased investments under the Master Development Program for the 2020-2024 period.
Improvements to concession assets at Montego Bay airport, which increased Ps. 2.3 million, or 6.0%, while
at Kingston airport, they increased by Ps. 19.9 million. 

**Total operating costs** increased by Ps. 1,898.5 million, or 77.4%, compared to 4Q21, mainly due to the increase from costs of improvements to concession assets (IFRIC-12) by Ps. 1,375.1 million or 255.0%, as well as an increase of Ps. 264.1 million, or 29.9%, in the cost of services, an increase of Ps. 184.3 million or 35.8%, in concession taxes and technical assistance fees, and a Ps. 78.6 million, or 15.1%, increase in depreciation and amortization **(excluding the cost of improvements to concession assets, operating costs increased Ps. 523.4 million, or 27.4%).**

This increase in total operating costs was primarily due to the following factors:

**Mexican airports:** 

* Operating costs **increased by Ps. 1,743.8 million, or 89.6%,** compared to 4Q21, primarily
due to a Ps. 1,352.9 million, or 269.6%, increase in the cost of improvements to the concession assets (IFRIC-12), Ps. 213.7 million,
or 30.1%, increase in the cost of services, a combined Ps. 102.3 million, or 29.4%, increase in technical assistance fees and concession
taxes, a Ps. 75.8 million, or 19.3%, increase in depreciation and amortization **(excluding the cost of improvements to the concession assets (IFRIC-12), operating costs increased by Ps. 391.0 million or 27.1%)**.

The change in the cost of services at our Mexican airports during 4Q22 was mainly due to:

* **Maintenance costs** increased by Ps. 74.2 million, or 42.2%, compared to 4Q21, mainly due
to the inflation and expansion in the terminal and airfield.

* **Employee costs** increased Ps. 66.4 million, or 26.1%, compared to 4Q21, mainly due to
the hiring of additional personnel as required for airport operations due to the recovery of passenger traffic.

* **Safety, security, and insurance costs** increased Ps. 22.4 million, or 22.1%, compared
to 4Q21, mainly due to an increase in the number of security staff and the opening of additional operational areas.

* **Utility costs** increased Ps. 15.1 million, or 23.7%, compared with 4Q21, primarily because
of the increase in the consumption and cost of electricity due to the opening of new operational areas, as well as an increase in the
cost of fuels and the cost of water.

* **Other operating expenses** increased Ps. 35.5 million, or 31.4%, compared to 4Q21, mainly
due to a combined increase of Ps. 33.5 million in the cost of goods and services for our VIP lounges and convenience stores, due to the
increase in sales of these business lines, the increase in FBO services, professional fees, allowance for credit losses and travel expenses.

**Montego Bay Airport:**

* **Operating costs increased by Ps. 48.2 million, or 14.5%,** compared to 4Q21, mainly due
to a Ps. 22.1 million, or 47.2%, increase in concession taxes, and Ps. 23.4 million, or 20.7%, increase in the cost of services, and a
Ps. 2.2 million, or 6.0%, increase in the cost of improvements to concession assets (IFRIC-12).

**Kingston Airport:**

* **Operating costs increased by Ps. 106.5 million, or 60.4%,** compared to 4Q21, mainly due
to a Ps. 59.8 million, or 52.4%, increase in concession taxes, and a Ps. 27.0 million, or 45.2%, increase in the cost of services, and
a Ps. 19.9 million, or 100.0%, increase in the cost of improvements to concession assets (IFRIC-12).

**Operating income margin** went from 52.7% in 4Q21 to 45.6% in 4Q22. Excluding the effects of IFRIC-12, operating income margin went from 58.8% in 4Q21 to 60.0% in 4Q22. Income from operations increased Ps. 918.8 million, or 33.6%, compared to 4Q21.

**EBITDA margin** went from 62.7% in 4Q21 to 53.1% in 4Q22. Excluding the effects of IFRIC-12, EBITDA margin went from 70.1% in 4Q21 to 69.8% in 4Q22. **The nominal value of EBITDA increased Ps. 997.4 million, or 30.6%,** compared to 4Q21.

**Financial result** increased by **Ps. 421.7 million, or 128.4%,** from a net expense of Ps. 328.4 million in 4Q21 to a net expense of Ps. 750.1 million in 4Q22. This change was mainly the result of:

* **Foreign exchange rate fluctuations,** which went from an income of Ps. 33.2 million in
4Q21 to loss of Ps. 260.6 million in 4Q22. **This generated a foreign exchange loss of Ps. 293.8 million.** This was mainly
due to the appreciation of the peso. Currency translation effect income decreased Ps. 196.6 million, compared to 4Q21.

* **Interest expenses increased by Ps. 266.1 million, or 54.7%,** compared to 4Q21, mainly
due to higher debt as a result of the issuance of long-term debt securities and the draw dawn of credit lines, as well as the increase
in interest rates.

* **Interest income increased by Ps. 138.2 million, or 111.0%,** compared to 4Q21, mainly due
to an increase in the reference interest rates.

**In 4Q22, comprehensive income increased Ps. 297.6 million, or 15.2%,** compared to 4Q21. This increase was mainly due to a Ps. 497.1 million increase in income before taxes derived from the increase in passenger traffic. This increase was partially offset by an increase in income taxes of Ps. 468.8 million, a Ps. 196.6 million decrease in currency translation effect income and a Ps. 134.1 million decrease in cash flow hedges, among others.

**During 4Q22, net income increased by Ps. 28.2 million, or 1.6%**, compared to 4Q21. Income taxes increased by Ps. 440.6 million and benefit for deferred taxes decreased by Ps. 28.2 million, mainly due to a decrease in the inflation rate, from 2.4% in 4Q21 to 1.5% in 4Q22.

**Consolidated Results for the Twelve Months of 2022 (in thousands of pesos):** 

---

| | | | |
|:---|:---|:---|:---|
|  | **2021** | **2022** | **Change** |
| **Revenues** |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 11983954 | 17336734 | 44.7% |
| &nbsp;&nbsp;Non-aeronautical services | 3662441 | 5197238 | 41.9% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC-12) | 3368511 | 4846404 | 43.9% |
| **Total revenues** | **19014906** | **27380376** | **44.0%** |
| **Operating costs** |  |  |  |
| &nbsp;&nbsp;Costs of services: | **2989631** | **3781054** | **26.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee costs | 1115750 | 1373264 | 23.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance | 546548 | 730568 | 33.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safety, security & insurance | 510440 | 577122 | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 391836 | 474032 | 21.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | 425057 | 626068 | 47.3% |
| &nbsp;&nbsp;Technical assistance fees | 526220 | 756648 | 43.8% |
| &nbsp;&nbsp;Concession taxes | 1231044 | 1895182 | 53.9% |
| &nbsp;&nbsp;Depreciation and amortization | 2050539 | 2313321 | 12.8% |
| &nbsp;&nbsp;Cost of improvements to concession assets (IFRIC-12) | 3368511 | 4846404 | 43.9% |
| &nbsp;&nbsp;Other (income) | (8231) | (26427) | 221.1% |
| **Total operating costs** | **10157714** | **13566182** | **33.6%** |
| **Income from operations** | **8857192** | **13814194** | **56.0%** |
| &nbsp;&nbsp;Financial Result | (1027930) | (1538509) | 49.7% |
| **Income before income taxes** | **7829263** | **12275686** | **56.8%** |
| &nbsp;&nbsp;Income taxes | (1785546) | (3090212) | 73.1% |
| **Net income** | **6043717** | **9185474** | **52.0%** |
| &nbsp;&nbsp;Currency translation effect | 30810 | (488316) | (1684.9%) |
| &nbsp;&nbsp; Cash flow hedges, net of income tax | 500765 | 100966 | (79.8%) |
| &nbsp;&nbsp;Remeasurements of employee benefit – net income tax | 15263 | 8802 | 42.3% |
| **Comprehensive income** | **6590555** | **8806926** | **33.6%** |
| &nbsp;&nbsp;Non-controlling interest | (80248) | (142710) | 77.8% |
| **Comprehensive income attributable to controlling interest** | **6510307** | **8664216** | **33.1%** |
|  | **2021** | **2022** | **Change** |
| EBITDA | 10907731 | 16127515 | 47.9% |
| Comprehensive income | 6590555 | 8806926 | 33.6% |
| Comprehensive income per share (pesos) | 12.8646 | 17.4300 | 35.5% |
| Comprehensive income per ADS (US dollars) | 6.5986 | 8.9403 | 35.5% |
| Operating income margin | 46.6% | 50.5% | 8.3% |
| Operating income margin (excluding IFRIC-12) | 56.6% | 61.3% | 8.3% |
| EBITDA margin | 57.4% | 58.9% | 2.7% |
| EBITDA margin (excluding IFRIC-12) | 69.7% | 71.6% | 2.7% |
| Costs of services and improvements / total revenues | 33.4% | 31.5% | (5.8%) |
| Cost of services / total revenues (excluding IFRIC-12) | 19.1% | 16.8% | (12.2%) |

---

<sub>- Net income and comprehensive income per share for period ended December 31, 2022 were calculated based on 505,277,464 shares outstanding as of that date and for the period ended December 31, 2021 were calculated based on 512,301,577 shares outstanding as of that date. U.S. dollar figures presented were converted from pesos to U.S. dollars at a rate of Ps. 19.4960 per U.S. dollar (the noon buying rate on December 30, 2022, as published by the U.S. Federal Reserve Board). </sub>

<sub>- For purposes of the consolidation of our Jamaican airports, the average exchange rate of Ps. 20.1254 per U.S. dollar for the twelve months ended December 31, 2022 was used.</sub>

**Revenues (January to December 2022 vs January to December 2021)**

* **Aeronautical services revenues increased by Ps. 5,352.8 million, or 44.7%.**

* **Non-aeronautical services revenues increased by Ps. 1,534.8 million, or 41.9%.**

* **Revenues from improvements to concession assets increased by Ps. 1,477.9 million, or 43.9%.**

* **Total revenues increased by Ps. 8,365.5 million, or 44.0%.**

* The change in **aeronautical services revenues** was composed primarily of the following
factors:

Revenues at our **Mexican airports** increased by Ps. 4,240.7 million or 40.5% compared to
2021, mainly due to the 28.5% increase in passenger traffic and the adjustment in maximum rates as a result of inflation. 
Revenues from the **Montego Bay airport** increased by Ps. 685.6 million, or 68.3%, compared
to 2021. This was mainly due to the 68.7% increase in passenger traffic. 
Revenues from the **Kingston airport** increased by Ps. 426.5 million, or 85.3% compared
to 2021, mainly due to an 88.1% increase in passenger traffic. 

* The change in **non-aeronautical services revenues** was composed primarily of the following
factors:

Revenues at our **Mexican airports** increased by Ps. 1,231.6 million, or 40.3%, compared
to 2021. Revenues from businesses operated by third parties increased by Ps. 737.1 million, or 35.3%. This was mainly due to the recovery
of passenger traffic. The business lines that increased the most were food and beverage, retail, car rentals, duty-free stores, time shares
and other revenues, which jointly increased by Ps. 689.9 million, or 36.5%. Revenues from businesses operated directly by us increased
by Ps. 473.8 million, or 57.4%, while the recovery of costs increased by Ps. 20.6 million, or 14.0%.
Revenues from the **Montego Bay airport** increased by Ps. 239.1 million, or 52.6%, compared
to 2021. Revenues in U.S. dollars increased US$12.1 million, or 53.8%. 
Revenues from the **Kingston airport** increased by Ps. 64.2 million, or 42.8%, compared
to 2021. Revenues in U.S. dollars increased US$3.2 million, or 44.0%. 

---

| | | | |
|:---|:---|:---|:---|
|  | **2021** | **2022** | **Change** |
| Businesses operated by third parties: |  |  |  |
| Duty-free | 537065 | 711291 | 32.4% |
| Food and beverage | 517254 | 778517 | 50.5% |
| Retail | 401617 | 614011 | 52.9% |
| Car rentals | 401589 | 541715 | 34.9% |
| Leasing of space | 242892 | 305841 | 25.9% |
| Time shares | 189196 | 238213 | 25.9% |
| Ground transportation | 140707 | 171790 | 22.1% |
| Communications and financial services | 80683 | 104767 | 29.9% |
| Other commercial revenues | 118748 | 155262 | 30.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | **2629750** | **3621406** | **37.7%** |
| Businesses operated directly by us: |  |  |  |
| Car parking | 388106 | 548862 | 41.4% |
| VIP lounges | 219498 | 374038 | 70.4% |
| Advertising | 53217 | 106583 | 100.3% |
| Convenience stores | 185338 | 322929 | 74.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | **846158** | **1352412** | **59.8%** |
| Recovery of costs | 186532 | 223420 | 19.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Non-aeronautical Revenues** | **3662441** | **5197238** | **41.9%** |

---

<sub>Figures expressed in thousands of Mexican pesos.

</sub>

* **Revenues from improvements to concession assets**<sup>2</sup>Revenues from improvements to concession assets
(IFRIC-12) increased by Ps. 1,477.9 million, or 43.9%, compared to 2021. The change was composed primarily of:

Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,441.4
million, or 44.0%, as a result of the increase in committed investments under the Master Development Program for the 2020-2024 period.
Improvements to concession assets at the Montego Bay airport increased Ps. 16.5 million, or 17.7%, while
at the Kingston airport increased by Ps. 19.9 million. 

**Total operating costs** increased by Ps. 3,408.5 million, or 33.6%, compared to 2021, mainly due to an increase of Ps. 1,477.9 million, or 43.9%, in the cost of improvements to the concession assets (IFRIC-12), a combined increase of Ps. 894.5 million, or 50.9%, in concession taxes and technical assistance fees, a Ps. 791.4 million, or 26.5%, increase in the cost of services, and a Ps. 262.8 million, or 12.8%, increase in depreciation and amortization, **(excluding the cost of improvements to concession assets, operating costs increased Ps. 1,930.6 million, or 28.4%).**

This increase in total operating costs was primarily due to the following factors:

**Mexican airports:** 

* Operating costs **increased by Ps. 2,808.3 million, or 33.6%,** compared to 2021, primarily
due to an increase of Ps. 1,441.4 million, or 44.0%, increase in the cost of improvements to the concession assets (IFRIC-12), an increase
in the cost of services of Ps. 642.8 million, or 27.4%, a combined Ps. 474.6 million, or 39.9%, increase in technical assistance fees
and concession taxes, and a Ps. 253.8 million, or 16.3%, increase in depreciation and amortization, **(excluding the cost of improvements to the concession assets (IFRIC-12), operating costs increased by Ps. 1,366. 8 million or 26.9%)**.

The change in the cost of services at our Mexican airports was mainly due to:

* **Employee costs** increased Ps. 240.9 million, or 26.2%, compared to 2021, mainly due to
the hiring of additional personnel as required for airport operations due to the recovery of passenger traffic and changes in the Labor
Law.

* **Maintenance costs** increased by Ps. 140.2 million, or 30.8%, compared to 2021, mainly
due to the terminals and airfields expansions.

* **Safety, security, and insurance costs** increased Ps. 55.7 million, or 15.1%, compared
to 2021, mainly due to an increase in the number of security staff.

* **Utility costs** increased Ps. 38.2 million, or 15.4%, compared with 2021, primarily because
of the increase in the consumption of electricity due to the opening of new operational areas, as well as the increase in the cost of
fuels and water.

* **Other operating expenses** increased Ps. 167.7 million or 46.9%, compared to 2021, mainly
due to a combined increase of Ps. 136.8 million in the cost of goods and services for our VIP lounges and convenience stores, FBO services,
professional fees, the allowance for credit losses and travel expenses.

**Montego Bay Airport:**

* **Operating costs increased by Ps. 215.3 million, or 18.7%,** compared to 2021, mainly due
to a Ps. 117.9 million, or 68.1%, increase in concession taxes and a Ps. 85.1 million, or 21.6%, increase in the cost of services.

**Kingston Airport:**

* **Operating costs increased by Ps. 384.9 million, or 59.0%,** compared to 2021, mainly due
to a Ps. 302.0 million, or 76.4%, increase in concession taxes, a Ps. 63.5 million, or 25.8%, increase in the cost of services, and an
increase in the cost of improvements to the concession assets (IFRIC-12) of Ps. 19.9 million.

**Operating income margin** went from 46.6% in 2021 to 50.5% in 2022. Excluding the effects of IFRIC-12, operating income margin went from 56.6% in 2021 to 61.3% in 2022. Income from operations increased Ps. 4,957.0 million, or 56.0%, compared to 2021.

**EBITDA margin** went from 57.4% in 2021 to 58.9% in 2022. Excluding the effects of IFRIC-12, EBITDA margin went from 69.7% in 2021 to 71.6% in 2022. **The nominal value of EBITDA increased Ps. 5,219.8 million, or 47.9%,** compared to 2021.

**Financial result** increased by **Ps. 510.6 million, or 49.7%,** from a net expense of Ps. 1,027.9 million in 2021 to a net expense of Ps. 1,538.5 million in 2022. This change was mainly the result of:

* **Foreign exchange rate fluctuations,** which went from income of Ps. 238.3 million in 2021
to income of Ps. 81.4 million in 2022. This **generated a decrease in the foreign exchange gain of Ps. 156.9 million.** Currency
translation effect expense increased Ps. 519.1 million, compared to 2021.

* **Interest expenses increased by Ps. 768.5 million, or 45.6%,** compared to 2021, mainly
due to higher debt as a result of the issuance of long-term debt securities and the draw dawn of credit lines by Ps. 6,484.4 million,
as well as the increase in interest rates. As of December 31, 2022 the debt is 63.8% fixed rate and 36.2% variable rate.

* **Interest income increased by Ps. 415.3 million, or 98.8%,** compared to 2021, mainly due
to an increase in the reference interest rates.

**In 2022, comprehensive income increased Ps. 2,216.4 million, or 33.6%,** compared to 2021. This increase was mainly due to a Ps. 4,446.4 million increase in income before taxes derived from the increase in passenger traffic, an increase in the tariffs due to inflation, and the change in our commercial strategy. This increase was partially offset by an increase in income taxes of Ps. 1,304.7 million.

**During 2022, net income increased by Ps. 3,141.8 million, or 52.0%**, compared to 2021. Income taxes increased by Ps. 1,534.1 million and were partially offset by a Ps. 229.4 million increase in the benefit for deferred taxes, mainly due to an increase in the inflation rate, from 7.4% in 2021 to 7.8% in 2022.

**<u>Statement of Financial Position</u>**

Total assets as of December 31, 2022 increased by Ps. 5,182.3 million as compared to December 31, 2021, primarily due to the following items: (i) a Ps. 3,402.6 million increase in net improvements to concession assets; and (ii) a Ps. 2,475.1 million combined increase in net machinery, equipment and leasehold improvements, and advances to suppliers. This increase was partially offset by a decrease of Ps. 572.3 million in other current assets, among others.

Total liabilities as of December 31, 2022 increased by Ps. 5,782.8 million compared to December 31, 2021. This increase was primarily due to the following items: (i) issuance of Ps. 3,957.0 million in long-term debt securities, and (ii) Ps. 3,000.0 million in bank loans. This increase was partially offset by decreases of: (i) Ps. 461.5 million in income taxes, (ii) Ps. 435.6 million in accounts payable, and (iii) Ps. 117.8 million in deferred taxes, among others.

**<u>Recent events</u>**

In January 2023, Guadalajara Airport acquired 116.7 hectares of land from Ejido El Zapote for Ps. 1,143.3 million for the future expansion of the airport, which is included in the airport Master Development Program. *In December 2022, the in cooperation with the Guadalajara airport signed a substitute compliance agreement with the Ejido. As part of this agreement, the airport agreed to pay the amount of Ps. 82.5 million, related to the expropriation procedure of the land where the airport is located. With this payment, the lawsuits related to this claim are definitively terminated.* 

On February 15, 2023, the airline Aeromar announced the suspension of operations due to financial problems and the difficulty in closing agreements with viable conditions to operate in the long term. In our airport network, Aeromar operated in the airports of Guadalajara, Puerto Vallarta, and Aguascalientes, without having any exclusive route. During 2022, Aeromar operations represented 0.23% of the total passenger traffic at our airports in Mexico. To date, the airline has a balance payable to GAP of Ps. 37.8 million, of which Ps. 35.6 million were reserved as of December 31, 2022, so this suspension will not have any significant impact on the financial results or the Company operation.

**<u>Company Description</u>**

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP's shares were listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under the ticker symbol "GAP". In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica and took control of the operation in October 2019.

---

| |
|:---|
| This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS. |
| This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. |

---

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the "Ley del Mercado de Valores", GAP has implemented a **"whistleblower"** program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is <u>www.lineadedenuncia.com/gap</u>. GAP's Audit Committee will be notified of all complaints for immediate investigation.

**Exhibit A: Operating results by airport (in thousands of pesos):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| **Guadalajara** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 931617 | 1265273 | 35.8% | 3296419 | 4562120 | 38.4% |
| &nbsp;&nbsp;Non-aeronautical services | 194625 | 232363 | 19.4% | 783252 | 877101 | 12.0% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 618541 | 974895 | 57.6% | 1463854 | 2474815 | 69.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **1744783** | **2472531** | **41.7%** | **5543525** | **7914036** | **42.8%** |
| &nbsp;&nbsp;Operating income | 726471 | 1097981 | 51.1% | 2614203 | 3897415 | 49.1% |
| &nbsp;&nbsp;**EBITDA** | **824268** | **1207186** | **46.5%** | **3004596** | **4336833** | **44.3%** |
| **Tijuana** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 598630 | 796921 | 33.1% | 1944451 | 2690693 | 38.4% |
| &nbsp;&nbsp;Non-aeronautical services | 116129 | 143401 | 23.5% | 431706 | 532955 | 23.5% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | (344806) | 494906 | 243.5% | 876292 | 751422 | (14.2%) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **369953** | **1435228** | **287.9%** | **3252449** | **3975070** | **22.2%** |
| &nbsp;&nbsp;Operating income | 457399 | 668295 | 46.1% | 1496258 | 2227358 | 48.9% |
| &nbsp;&nbsp;**EBITDA** | **520735** | **761983** | **46.3%** | **1751728** | **2569032** | **46.7%** |
| **Los Cabos** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 599211 | 710108 | 18.5% | 2003087 | 2711345 | 35.4% |
| &nbsp;&nbsp;Non-aeronautical services | 236312 | 282230 | 19.4% | 839580 | 1093300 | 30.2% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 186589 | 435097 | 133.2% | 520812 | 624893 | 20.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **1022112** | **1427435** | **39.7%** | **3363479** | **4429538** | **31.7%** |
| &nbsp;&nbsp;Operating income | 594497 | 727865 | 22.4% | 1961757 | 2739855 | 39.7% |
| &nbsp;&nbsp;**EBITDA** | **662131** | **805201** | **21.6%** | **2223223** | **3041907** | **36.8%** |
| **Puerto Vallarta** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 442359 | 615741 | 39.2% | 1336177 | 2278063 | 70.5% |
| &nbsp;&nbsp;Non-aeronautical services | 105730 | 124638 | 17.9% | 389823 | 524261 | 34.5% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 52217 | (73915) | (241.6%) | 285667 | 523993 | 83.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **600306** | **666464** | **11.0%** | **2011667** | **3326317** | **65.4%** |
| &nbsp;&nbsp;Operating income | 359080 | 515457 | 43.5% | 1082157 | 1992569 | 84.1% |
| &nbsp;&nbsp;**EBITDA** | **403118** | **568457** | **41.0%** | **1258719** | **2189362** | **73.9%** |
| **Montego Bay** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 313013 | 412894 | 31.9% | 1004076 | 1689682 | 68.3% |
| &nbsp;&nbsp;Non-aeronautical services | 136844 | 179487 | 31.2% | 454519 | 693603 | 52.6% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 37263 | 39512 | 6.0% | 93205 | 109715 | 17.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **487120** | **631892** | **29.7%** | **1551800** | **2493000** | **60.7%** |
| &nbsp;&nbsp;Operating income | 160702 | 171028 | 6.4% | 406256 | 1122272 | 176.2% |
| &nbsp;&nbsp;**EBITDA** | **284621** | **320264** | **12.5%** | **892070** | **1613348** | **80.9%** |

---

**Exhibit A: Operating results by airport (in thousands of pesos):** (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| **Guanajuato** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 157213 | 212278 | 35.0% | 570402 | 760779 | 33.4% |
| &nbsp;&nbsp;Non-aeronautical services | 31241 | 41539 | 33.0% | 131977 | 154845 | 17.3% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | (334) | 1927 | (677.3%) | 8947 | 33868 | 278.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **188120** | **255744** | **35.9%** | **711326** | **949492** | **33.5%** |
| &nbsp;&nbsp;Operating income | 110114 | 167207 | 51.8% | 416623 | 605139 | 45.2% |
| &nbsp;&nbsp;**EBITDA** | **129752** | **187749** | **44.7%** | **492584** | **686013** | **39.3%** |
| **Hermosillo** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 106590 | 128082 | 20.2% | 341493 | 457013 | 33.8% |
| &nbsp;&nbsp;Non-aeronautical services | 16523 | 23212 | 40.5% | 70135 | 79181 | 12.9% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 4124 | 23541 | 470.8% | 17148 | 74231 | 332.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **127237** | **174835** | **37.4%** | **428776** | **610425** | **42.4%** |
| &nbsp;&nbsp;Operating income | 52727 | 77278 | 46.6% | 155691 | 275292 | 76.8% |
| &nbsp;&nbsp;**EBITDA** | **71085** | **99364** | **39.8%** | **231511** | **361404** | **56.1%** |
| **Others** (1) |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 422712 | 568737 | 34.5% | 1487850 | 2187038 | 47.0% |
| &nbsp;&nbsp;Non-aeronautical services | 86054 | 105843 | 23.0% | 343913 | 415587 | 20.8% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | (14454) | (1694) | (88.3%) | 102586 | 253467 | 147.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **494312** | **672886** | **36.1%** | **1934350** | **2856092** | **47.7%** |
| &nbsp;&nbsp;Operating income | 116191 | 161229 | 38.8% | 305253 | 692047 | 126.7% |
| &nbsp;&nbsp;**EBITDA** | **181644** | **235168** | **29.5%** | **574931** | **976700** | **69.9%** |
| **Total** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 3571344 | 4710034 | 31.9% | 11983954 | 17336734 | 44.7% |
| &nbsp;&nbsp;Non-aeronautical services | 923457 | 1132712 | 22.7% | 3444905 | 4370832 | 26.9% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 539140 | 1894268 | 251.3% | 3368511 | 4846404 | 43.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Revenues** | **5033941** | **7737014** | **53.7%** | **18797370** | **26553970** | **41.3%** |
| &nbsp;&nbsp;Operating income | 2577179 | 3586337 | 39.2% | 8438197 | 13551947 | 60.6% |
| &nbsp;&nbsp;**EBITDA** | **3077354** | **4185372** | **36.0%** | **10429363** | **15774599** | **51.3%** |

---

<sub>(1) Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports.</sub>

**Exhibit B: Consolidated statement of financial position as of December 31 (in thousands of pesos):** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2021** | **2022** | **Change** | **%** |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;Current assets |  |  |  |  |
| &nbsp;&nbsp;Cash and cash equivalents | 13332877 | 12371464 | (961413) | (7.2%) |
| &nbsp;&nbsp;Trade accounts receivable - Net | 1720475 | 2368342 | 647867 | 37.7% |
| &nbsp;&nbsp;Other current assets | 1344223 | 771974 | (572249) | (42.6%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | **16397575** | **15511780** | **(885795)** | **(5.4%)** |
| &nbsp;&nbsp;Advanced payments to suppliers | 923795 | 2564880 | 1641085 | 177.6% |
| &nbsp;&nbsp;Machinery, equipment and improvements to leased buildings - Net | 3094220 | 3928258 | 834038 | 27.0% |
| &nbsp;&nbsp;Improvements to concession assets - Net | 16857852 | 20260493 | 3402641 | 20.2% |
| &nbsp;&nbsp;Airport concessions - Net | 10328521 | 9668698 | (659823) | (6.4%) |
| &nbsp;&nbsp;Rights to use airport facilities - Net | 1208406 | 1135009 | (73397) | (6.1%) |
| &nbsp;&nbsp;Deferred income taxes - Net | 6230886 | 6810168 | 579282 | 9.3% |
| &nbsp;&nbsp;Other non-current assets | 281830 | 626055 | 344225 | 122.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | **55323085** | **60505341** | **5182256** | **9.4%** |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Current liabilities | 9362958 | 6919970 | (2442988) | (26.1%) |
| &nbsp;&nbsp;Long-term liabilities | 25531527 | 33757326 | 8225799 | 32.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | **34894485** | **40677296** | **5782811** | **16.6%** |
| **Stockholders' Equity** |  |  |  |  |
| &nbsp;&nbsp;Common stock | 170381 | 8197536 | 8027155 | 4711.3% |
| &nbsp;&nbsp;Legal reserve | 1592551 | 34076 | (1558475) | (97.9%) |
| &nbsp;&nbsp;Net income | 5997492 | 9013147 | 3015655 | 50.3% |
| &nbsp;&nbsp;Retained earnings | 7927599 | 174450 | (7753149) | (97.8%) |
| &nbsp;&nbsp;Reserve for share repurchase | 5531292 | 2499473 | (3031819) | (54.8%) |
| &nbsp;&nbsp;Repurchased shares | (3000037) | (1999987) | 1000050 | (33.3%) |
| &nbsp;&nbsp;Foreign currency translation reserve | 1034233 | 575534 | (458699) | (44.4%) |
| &nbsp;&nbsp;Remeasurements of employee benefit – Net | 5211 | 14013 | 8802 | (168.9%) |
| &nbsp;&nbsp;Cash flow hedges- Net | 29658 | 130624 | 100966 | (340.4%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total controlling interest** | **19288380** | **18638866** | **(649514)** | **(3.4%)** |
| &nbsp;&nbsp;Non-controlling interest | 1140220 | 1189179 | 48959 | 4.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholder's equity** | **20428600** | **19828045** | **(600555)** | **(2.9%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | **55323085** | **60505341** | **5182256** | **9.4%** |

---

<sub>The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited ("Vantage").</sub>

**Exhibit C: Consolidated statement of cash flows (in thousands of pesos):**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| **Cash flows from operating activities:** |  |  |  |  |  |  |
| Consolidated net income | 1802434 | 1830679 | 1.6% | 6043717 | 9185474 | 52.0% |
| &nbsp;&nbsp;Postemployment benefit costs | (10057) | 9610 | (195.6%) | 3312 | 35532 | 972.9% |
| &nbsp;&nbsp;Allowance expected credit loss | (17153) | 15633 | (191.1%) | 15487 | 41444 | 167.6% |
| &nbsp;&nbsp;Depreciation and amortization | 519409 | 597987 | 15.1% | 2050539 | 2313321 | 12.8% |
| &nbsp;&nbsp;Loss on sale of machinery, equipment and improvements to leased assets | (2132) | 10359 | 585.9% | (3490) | 14232 | (507.8%) |
| &nbsp;&nbsp;Interest expense | 459578 | 697893 | 51.9% | 1687895 | 2356116 | 39.6% |
| &nbsp;&nbsp;Provisions | 15437 | (14179) | (191.9%) | 11754 | 3285 | (72.1%) |
| &nbsp;&nbsp;Income tax expense | 604778 | 1073585 | 77.5% | 1785543 | 3090212 | 73.1% |
| &nbsp;&nbsp;Unrealized exchange loss | 13675 | 28227 | 106.4% | (5427) | (261258) | 4713.7% |
| &nbsp;&nbsp;Net (gain) on derivative financial instruments | (51656) | (39) | (99.9%) | (51656) | (6967) | (86.5%) |
|  | **3334313** | **4249754** | **27.5%** | **11537673** | **16771389** | **45.4%** |
| **Changes in working capital:** |  |  |  |  |  |  |
| (Increase) decrease in |  |  |  |  |  |  |
| &nbsp;&nbsp;Trade accounts receivable | (280531) | (526351) | 87.6% | (464395) | (705576) | 51.9% |
| &nbsp;&nbsp;Recoverable tax on assets and other assets | (190987) | 305332 | (259.9%) | (299843) | 601434 | (300.6%) |
| Increase (decrease) |  |  |  |  |  |  |
| &nbsp;&nbsp;Concession taxes payable | 37673 | 105468 | 180.0% | 94879 | (10719) | (111.3%) |
| &nbsp;&nbsp;Accounts payable | 926703 | (24986) | (102.7%) | 1244251 | 220010 | (82.3%) |
| &nbsp;&nbsp;**Cash generated by operating activities** | **3827171** | **4109217** | **7.4%** | **12112566** | **16876538** | **39.3%** |
| &nbsp;&nbsp;Income taxes paid | (302646) | (772133) | 155.1% | (1017120) | (4356833) | 328.4% |
| &nbsp;&nbsp;**Net cash flows provided by operating activities** | **3524525** | **3337084** | **(5.3%)** | **11095446** | **12519706** | **12.8%** |
| **Cash flows from investing activities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Machinery, equipment and improvements to concession assets | (2146804) | (2938891) | 36.9% | (4946784) | (8431106) | 70.4% |
| &nbsp;&nbsp;Cash flows from sales of machinery and equipment | 226 | 3295 | 1358.0% | 3215 | 5198 | 61.7% |
| &nbsp;&nbsp;Other investment activities | (13756) | 25102 | (282.5%) | (25739) | (56475) | 119.4% |
| &nbsp;&nbsp;**Net cash used by investment activities** | **(2160334)** | **(2910494)** | **34.7%** | **(4969308)** | **(8482383)** | **70.7%** |
| **Cash flows from financing activities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Dividends declared and paid | - | (3637998) | 100.0% | - | (7313743) | (100.0%) |
| &nbsp;&nbsp;Dividends declared and paid non-controlling interest | - | 1093 | 100.0% | - | (153959) | (100.0%) |
| &nbsp;&nbsp;Capital Reduction | - | - | 0.0% | (6014701) | - | 100.0% |
| &nbsp;&nbsp;Bond certificates issued | 2500000 | - | (100.0%) | 7000000 | 7757588 | 10.8% |
| &nbsp;&nbsp;Bond certificates paid | - | (2300000) | 100.0% | (1500000) | (3800000) | (153.3%) |
| &nbsp;&nbsp;Bank loans paid | (81512) | (79930) | (1.9%) | (5941663) | (4039007) | (32.0%) |
| &nbsp;&nbsp;Banks loans | - | 3000000 | 100.0% | 3779413 | 6872783 | 81.8% |
| &nbsp;&nbsp;Repurchase of shares | (637697) | - | (100.0%) | (3000037) | (1999987) | (33.3%) |
| &nbsp;&nbsp;Interest paid | (538138) | (703379) | 30.7% | (1659473) | (2227888) | 34.3% |
| &nbsp;&nbsp;Interest paid on lease | (1257) | (1326) | 5.5% | (2598) | (5391) | 107.5% |
| &nbsp;&nbsp;Payments of obligations for leasing | (3427) | (4173) | 21.8% | (12468) | (16098) | 29.1% |
| &nbsp;&nbsp;**Net cash flows used in financing activities** | **1237969** | **(3725713)** | **(401.0%)** | **(7351525)** | **(4925702)** | **(33.0%)** |
| &nbsp;&nbsp;Effects of exchange rate changes on cash held | 79877 | (486981) | (709.7%) | 113715 | (73034) | (164.2%) |
| &nbsp;&nbsp;Net increase (decrease) in cash and cash equivalents | 2682037 | (3786104) | (241.2%) | (1111672) | (961413) | (13.5%) |
| &nbsp;&nbsp;**Cash and cash equivalents at beginning of the period** | **10650840** | **16157567** | **51.7%** | **14444549** | **13332877** | **(7.7%)** |
| &nbsp;&nbsp;**Cash and cash equivalents at the end of the period** | **13332877** | **12371464** | **(7.2%)** | **13332877** | **12371464** | **(7.2%)** |

---

**Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| **Revenues** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 3571344 | 4710033 | 31.9% | 11983954 | 17336734 | 44.7% |
| &nbsp;&nbsp;Non-aeronautical services | 1077886 | 1381408 | 28.2% | 3662441 | 5197238 | 41.9% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC-12) | 539140 | 1914213 | 255.0% | 3368511 | 4846404 | 43.9% |
| **Total revenues** | **5188370** | **8005654** | **54.3%** | **19014906** | **27380376** | **44.0%** |
| **Operating costs** |  |  |  |  |  |  |
| &nbsp;&nbsp;Costs of services: | **881966** | **1146085** | **29.9%** | **2989631** | **3781054** | **26.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee costs | 306052 | 376708 | 23.1% | 1115750 | 1373264 | 23.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maintenance | 206595 | 296564 | 43.5% | 546548 | 730568 | 33.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safety, security & insurance | 137293 | 168203 | 22.5% | 510440 | 577122 | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 107333 | 121656 | 13.3% | 391836 | 474032 | 21.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating expenses | 124693 | 182954 | 46.7% | 425057 | 626068 | 47.3% |
| &nbsp;&nbsp;Technical assistance fees | 155717 | 202678 | 30.2% | 526220 | 756648 | 43.8% |
| &nbsp;&nbsp;Concession taxes | 359403 | 496667 | 38.2% | 1231044 | 1895182 | 53.9% |
| &nbsp;&nbsp;Depreciation and amortization | 519409 | 597987 | 15.1% | 2050539 | 2313321 | 12.8% |
| &nbsp;&nbsp;Cost of improvements to concession assets (IFRIC-12) | 539140 | 1914213 | 255.0% | 3368511 | 4846404 | 43.9% |
| &nbsp;&nbsp;Other (income) | (2858) | (6344) | 122.0% | (8231) | (26427) | 221.1% |
| **Total operating costs** | **2452777** | **4351286** | **77.4%** | **10157714** | **13566182** | **33.6%** |
| **Income from operations** | **2735593** | **3654368** | **33.6%** | **8857192** | **13814194** | **56.0%** |
| &nbsp;&nbsp;Financial Result | (328381) | (750104) | 128.4% | (1027930) | (1538509) | 49.7% |
| **Income before income taxes** | **2407212** | **2904263** | **20.6%** | **7829263** | **12275686** | **56.8%** |
| &nbsp;&nbsp;Income taxes | (604778) | (1073585) | 77.5% | (1785546) | (3090212) | 73.1% |
| **Net income** | **1802434** | **1830679** | **1.6%** | **6043717** | **9185474** | **52.0%** |
| &nbsp;&nbsp;Currency translation effect | 55056 | (141530) | (357.1%) | 30810 | (488316) | (1684.9%) |
| &nbsp;&nbsp; Cash flow hedges, net of income tax | 96525 | (37573) | (138.9%) | 500765 | 100966 | (79.8%) |
| &nbsp;&nbsp;Remeasurements of employee benefit – net income tax | 3649 | 8491 | 132.7% | 15263 | 8802 | 42.3% |
| **Comprehensive income** | **1957664** | **1660067** | **(15.2%)** | **6590555** | **8806926** | **33.6%** |
| &nbsp;&nbsp;Non-controlling interest | (35128) | (13212) | (62.4%) | (80248) | (142710) | 77.8% |
| **Comprehensive income attributable to controlling interest** | **1922536** | **1646855** | **(14.3%)** | **6510307** | **8664216** | **33.1%** |

---

<sub>The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited ("Vantage").</sub>

**Exhibit E: Consolidated stockholders' equity (in thousands of pesos):** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Legal Reseve** | **Reserve for Share Repurchase** | **Repurchased Shares** | **Retained Earnings** | **Other comprehensive income** | **Total controlling interest** | **Non-controlling interest** | **Total Stockholders' Equity** |
| **Balance as of January 1, 2021** | **6185082** | **1592551** | **3283374** | **(1733374)** | **11908891** | **556287** | **21792811** | **1059972** | **22852783** |
| &nbsp;&nbsp;Capital reduction | (6014701) | - | - | - | - | - | **(6014701)** | - | **(6014701)** |
| &nbsp;&nbsp;Reserve for share purchase | - | - | 3981292 | - | (3981292) | - | - | - | - |
| &nbsp;&nbsp;Repurchased share cancellation | - | - | (1733374) | 1733374 | - | - | **-** | - | **-** |
| &nbsp;&nbsp;Repurchased share | - | - | - | (3000037) | - | - | **(3000037)** | - | **(3000037)** |
| &nbsp;&nbsp;Comprehensive income: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Net income | - | - | - | - | 5997492 | - | **5997492** | 46225 | **6043717** |
| &nbsp;&nbsp;Foreign currency translation reserve | - | - | - | - | - | (3213) | **(3213)** | 34023 | **30810** |
| &nbsp;&nbsp;Remeasurements of employee benefit – Net | - | - | - | - | - | 15263 | **15263** | - | **15263** |
| &nbsp;&nbsp;Reserve for cash flow hedges – Net of income tax | - | - | - | - | - | 500765 | **500765** | - | **500765** |
| **Balance as of December 31, 2021** | **170381** | **1592551** | **5531292** | **(3000037)** | **13925091** | **1069102** | **19288380** | **1140220** | **20428600** |
| &nbsp;&nbsp;Legal reserve cancellation | - | (1558475) | - | - | 1558475 | - | **-** | - | - |
| &nbsp;&nbsp;Capitalization of retained earnings | 8027155 | - | - | - | (8027155) | - | **-** | - | - |
| &nbsp;&nbsp;Dividends declared | - | - | - | - | (7313743) | - | **(7313743)** | - | **(7313743)** |
| &nbsp;&nbsp;Cancellation repurchased shares | - | - | (3000037) | 3000037 | - | - | **-** | - | **-** |
| &nbsp;&nbsp;Reserve for share purchase | - | - | (31782) | - | 31782 | - | **-** | - | **-** |
| &nbsp;&nbsp;Dividends declared non-controlling interest | - | - | - | - | - | - | **-** | (93751) | **(93751)** |
| &nbsp;&nbsp;Repurchased share | - | - | - | (1999987) | - | - | **(1999987)** | - | **(1999987)** |
| &nbsp;&nbsp;Comprehensive income: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Net income | - | - | - | - | 9013147 | - | **9013147** | 172327 | **9185474** |
| &nbsp;&nbsp;Foreign currency translation reserve | - | - | - | - | - | (458699) | **(458699)** | (29617) | **(488316)** |
| &nbsp;&nbsp;Remeasurements of employee benefit – Net | - | - | - | - | - | 8802 | **8802** | - | **8802** |
| &nbsp;&nbsp;Reserve for cash flow hedges – Net of income tax | - | - | - | - | - | 100966 | **100966** | - | **100966** |
| **Balance as of December 31, 2022** | **8197536** | **34076** | **2499473** | **(1999987)** | **9187597** | **720171** | **18638866** | **1189179** | **19828045** |

---

<sub>For presentation purposes, the 25.5% stake in Desarrollo de Concesiones Aeroportuarias, S.L. ("DCA") held by Vantage appears in the Stockholders' Equity of the Company as a non-controlling interest.</sub>

As a part of the adoption of IFRS, the effects of inflation on common stock recognized pursuant to Mexican Financial Reporting Standards (MFRS) through December 31, 2007 were reclassified as retained earnings because accumulated inflation recognized under MFRS is not considered hyperinflationary according to IFRS. For Mexican legal and tax purposes, Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as an individual entity, will continue preparing separate financial information under MFRS. Therefore, for any transaction between the Company and its shareholders related to stockholders' equity, the Company must take into consideration the accounting balances prepared under MFRS as an individual entity and determine the tax impact under tax laws applicable in Mexico, which requires the use of MFRS. For purposes of reporting to stock exchanges, the consolidated financial statements will continue being prepared in accordance with IFRS, as issued by the IASB.

**Exhibit F: Other operating data:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **4Q21** | **4Q22** | **Change** | **2021** | **2022** | **Change** |
| Total passengers | 12760.5 | 15417.9 | 20.8% | 42937.2 | 56696.3 | 32.0% |
| Total cargo volume (in WLUs) | 723.5 | 662.3 | (8.5%) | 2735.5 | 2578.8 | (5.7%) |
| Total WLUs | 13484.0 | 16080.2 | 19.3% | 45672.7 | 59275.1 | 29.8% |
| Aeronautical & non aeronautical services per passenger (pesos) | 364.3 | 395.1 | 8.4% | 364.4 | 397.5 | 9.1% |
| Aeronautical services per WLU (pesos) | 264.9 | 292.9 | 10.6% | 262.4 | 292.5 | 11.5% |
| Non aeronautical services per passenger (pesos) | 84.5 | 89.6 | 6.1% | 85.3 | 91.7 | 7.5% |
| Cost of services per WLU (pesos) | 65.4 | 71.3 | 9.0% | 65.5 | 63.8 | (2.6%) |

---

<sub>WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).</sub>

**Passenger Traffic and Consolidated Results compared to the same periods of 2019:**

**Domestic Terminal Passengers – 14 airports (in thousands):**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q19** | **4Q22** | **Change** | **2019** | **2022** | **Change** |
| Guadalajara | 2730.0 | 3185.9 | 16.7% | 10495.8 | 11155.3 | 6.3% |
| Tijuana \* | 1528.7 | 2129.8 | 39.3% | 5979.7 | 8102.9 | 35.5% |
| Los Cabos | 468.0 | 708.0 | 51.3% | 1915.7 | 2577.8 | 34.6% |
| Puerto Vallarta | 468.1 | 710.5 | 51.8% | 1839.3 | 2654.5 | 44.3% |
| Montego Bay | 2.4 | 0.0 | (100.0%) | 9.2 | 0.0 | (100.0%) |
| Guanajuato | 534.6 | 528.0 | (1.2%) | 2056.9 | 1828.7 | (11.1%) |
| Hermosillo | 488.1 | 523.7 | 7.3% | 1803.8 | 1867.2 | 3.5% |
| Kingston | 3.2 | 0.4 | N/A | 3.2 | 1.4 | N/A |
| Mexicali | 320.8 | 373.8 | 16.5% | 1191.9 | 1292.5 | 8.4% |
| Morelia | 136.0 | 198.9 | 46.2% | 478.8 | 673.2 | 40.6% |
| La Paz | 255.0 | 267.2 | 4.8% | 995.4 | 1053.9 | 5.9% |
| Aguascalientes | 169.6 | 170.0 | 0.2% | 635.2 | 694.8 | 9.4% |
| Los Mochis | 101.6 | 109.2 | 7.4% | 384.4 | 416.6 | 8.4% |
| Manzanillo | 24.9 | 23.9 | (3.9%) | 95.3 | 97.9 | 2.7% |
| **Total** | **7231.0** | **8929.2** | **23.5%** | **27884.8** | **32416.7** | **16.3%** |

---

<sub>\*CBX users are classified as international passengers.</sub>

**International Terminal Passengers – 14 airports (in thousands):** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q19** | **4Q22** | **Change** | **2019** | **2022** | **Change** |
| Guadalajara | 1116.0 | 1218.5 | 9.2% | 4350.5 | 4451.3 | 2.3% |
| Tijuana \* | 810.0 | 1158.4 | 43.0% | 2946.1 | 4221.7 | 43.3% |
| Los Cabos | 928.7 | 1131.0 | 21.8% | 3693.4 | 4441.5 | 20.3% |
| Puerto Vallarta | 794.3 | 966.6 | 21.7% | 3212.5 | 3554.2 | 10.6% |
| Montego Bay | 1083.4 | 1130.3 | 4.3% | 4698.5 | 4356.1 | (7.3%) |
| Guanajuato | 170.8 | 206.9 | 21.1% | 698.9 | 774.5 | 10.8% |
| Hermosillo | 18.6 | 19.6 | 5.5% | 70.2 | 78.1 | 11.2% |
| Kingston | 405.5 | 432.3 | N/A | 405.5 | 1560.7 | N/A |
| Mexicali | 1.8 | 1.7 | (7.2%) | 6.9 | 6.3 | (8.3%) |
| Morelia | 106.1 | 135.3 | 27.6% | 418.9 | 499.6 | 19.2% |
| La Paz | 3.4 | 6.6 | 97.0% | 12.8 | 25.8 | 102.1% |
| Aguascalientes | 58.9 | 64.3 | 9.3% | 223.2 | 234.5 | 5.1% |
| Los Mochis | 1.5 | 1.6 | 2.9% | 6.9 | 7.4 | 6.3% |
| Manzanillo | 18.6 | 15.6 | (16.2%) | 79.4 | 67.9 | (14.5%) |
| **Total** | **5517.5** | **6488.7** | **17.6%** | **20823.9** | **24279.6** | **16.6%** |

---

<sub>\*CBX users are classified as international passengers.</sub>

**Total Terminal Passengers – 14 airports (in thousands):**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q19** | **4Q22** | **Change** | **2019** | **2022** | **Change** |
| Guadalajara | 3846.1 | 4404.4 | 14.5% | 14846.3 | 15606.6 | 5.1% |
| Tijuana \* | 2338.7 | 3288.2 | 40.6% | 8925.9 | 12324.6 | 38.1% |
| Los Cabos | 1396.7 | 1839.0 | 31.7% | 5609.1 | 7019.3 | 25.1% |
| Puerto Vallarta | 1262.5 | 1677.0 | 32.8% | 5051.9 | 6208.7 | 22.9% |
| Montego Bay | 1085.7 | 1130.3 | 4.1% | 4707.7 | 4356.1 | (7.5%) |
| Guanajuato | 705.3 | 734.8 | 4.2% | 2755.8 | 2603.2 | (5.5%) |
| Hermosillo | 506.7 | 543.3 | 7.2% | 1874.1 | 1945.4 | 3.8% |
| Kingston | 408.7 | 432.7 | N/A | 408.7 | 1562.1 | N/A |
| Mexicali | 322.6 | 375.5 | 16.4% | 1198.8 | 1298.8 | 8.3% |
| Morelia | 242.1 | 334.2 | 38.0% | 897.8 | 1172.7 | 30.6% |
| La Paz | 258.4 | 273.8 | 6.0% | 1008.1 | 1079.7 | 7.1% |
| Aguascalientes | 228.5 | 234.3 | 2.6% | 858.4 | 929.3 | 8.3% |
| Los Mochis | 103.1 | 110.7 | 7.4% | 391.3 | 424.0 | 8.4% |
| Manzanillo | 43.5 | 39.5 | (9.1%) | 174.7 | 165.8 | (5.1%) |
| **Total** | **12748.5** | **15417.9** | **20.9%** | **48708.6** | **56696.3** | **16.4%** |

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<sub>\*CBX users are classified as international passengers.</sub>

The Company took control of the operation of the Kingston airport on October 10, 2019, consequently no figures are available for comparison purposes from January to September, 2019.

 **CBX Users (in thousands):**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Airport** | **4Q19** | **4Q22** | **Change** | **2019** | **2022** | **Change** |
| Tijuana | 797.0 | 1148.0 | 44.1% | 2897.9 | 4186.5 | 44.5% |

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 **Consolidated Results and Other Data compared with 2019 (in thousands of pesos):** 

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **4Q19** | **4Q22** | **Change** | **2019** | **2022** | **Change** |
| **Revenues** |  |  |  |  |  |  |
| &nbsp;&nbsp;Aeronautical services | 2771105 | 4710033 | 70.0% | 10547720 | 17336734 | 64.4% |
| &nbsp;&nbsp;Non-aeronautical services | 962547 | 1381408 | 43.5% | 3771500 | 5197238 | 37.8% |
| &nbsp;&nbsp;Improvements to concession assets (IFRIC 12) | 840402 | 1914213 | 127.8% | 1906801 | 4846404 | 154.2% |
| **Total revenues** | **4574055** | **8005654** | **75.0%** | **16226020** | **27380376** | **68.7%** |
| **Operating costs** |  |  |  |  |  |  |
| &nbsp;&nbsp;Costs of services: | 773571 | 1146085 | 48.2% | 2744864 | 3781054 | 37.8% |
| &nbsp;&nbsp;Employee costs | 248330 | 376708 | 51.7% | 877068 | 1373264 | 56.6% |
| &nbsp;&nbsp;Maintenance | 176241 | 296564 | 68.3% | 578510 | 730568 | 26.3% |
| &nbsp;&nbsp;Safety, security & insurance | 118108 | 168203 | 42.4% | 428208 | 577122 | 34.8% |
| &nbsp;&nbsp;Utilities | 110737 | 121656 | 9.9% | 380370 | 474032 | 24.6% |
| &nbsp;&nbsp;Other operating expenses | 120155 | 182954 | 52.3% | 480708 | 626068 | 30.2% |
| &nbsp;&nbsp;Technical assistance fees | 116536 | 202678 | 73.9% | 461549 | 756648 | 63.9% |
| &nbsp;&nbsp;Concession taxes | 402758 | 496667 | 23.3% | 1318220 | 1895182 | 43.8% |
| &nbsp;&nbsp;Depreciation and amortization | 489007 | 597987 | 22.3% | 1776137 | 2313321 | 30.2% |
| &nbsp;&nbsp;Cost of improvements to concession assets (IFRIC 12) | 840402 | 1914213 | 127.8% | 1906801 | 4846404 | 154.2% |
| &nbsp;&nbsp;Other (income) | 17751 | (6344) | (135.7%) | 1212 | (26427) | (2279.8%) |
| **Total operating costs** | **2640025** | **4351286** | **64.8%** | **8208783** | **13566182** | **65.3%** |
| **Income from operations** | **1934030** | **3654368** | **89.0%** | **8017238** | **13814194** | **72.3%** |
| &nbsp;&nbsp;Financial Result | (183833) | (750104) | 308.0% | (671053) | (1538509) | 129.3% |
| **Income before taxes** | **1750197** | **2904264** | **65.9%** | **7346185** | **12275686** | **67.1%** |
| &nbsp;&nbsp;Income taxes | (319297) | (1073585) | 236.2% | (1891443) | (3090212) | 63.4% |
| **Net income** | **1430900** | **1830679** | **27.9%** | **5454742** | **9185474** | **68.4%** |
| &nbsp;&nbsp;Currency translation effect | (223078) | (141530) | (36.6%) | (269440) | (488316) | 81.2% |
| &nbsp;&nbsp;Cash flow hedges, net of income tax | (172094) | (37573) | (78.2%) | (172094) | 100966 | (158.7%) |
| &nbsp;&nbsp;Remeasurements of employee benefit – net income tax | (964) | 8491 | (980.8%) | (1404) | 8802 | (726.9%) |
| **Comprehensive income** | **1034764** | **1660067** | **60.4%** | **5011804** | **8806926** | **75.7%** |
| &nbsp;&nbsp;Non-controlling interest | 3458 | (13212) | 482.0% | (74777) | (142710) | (90.8%) |
| **Comprehensive income attributable to controlling interest** | **1038222** | **1646855** | **58.6%** | **4937027** | **8664216** | **75.5%** |
| EBITDA | 2423037 | 4252355 | 75.5% | 9793375 | 16127515 | 64.7% |
| Comprehensive income | 1034764 | 1660067 | 60.4% | 5011804 | 8806926 | 75.7% |
| Comprehensive income per share (pesos) | 1.8445 | 3.2855 | 78.1% | 8.9337 | 17.4300 | 95.1% |
| Comprehensive income per ADS (US dollars) | 0.9780 | 1.6852 | 72.3% | 4.7368 | 8.9403 | 88.7% |
| Operating income margin | 42.3% | 45.6% | 8.0% | 49.4% | 50.5% | 2.1% |
| Operating income margin (excluding IFRIC 12) | 51.8% | 60.0% | 15.8% | 56.1% | 61.3% | 9.3% |
| EBITDA margin | 53.0% | 53.1% | 0.3% | 60.4% | 58.9% | (2.4%) |
| EBITDA margin (excluding IFRIC 12) | 65.0% | 69.8% | 7.4% | 68.4% | 71.6% | 4.6% |
| Costs of services and improvements / total revenues | 35.3% | 38.2% | 8.3% | 28.7% | 31.5% | 9.9% |
| Cost of services / total revenues (excluding IFRIC 12) | 20.7% | 18.8% | (9.2%) | 19.2% | 16.8% | (12.5%) |

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<sub>[1] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company's Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.</sub>

<sub>[2] Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12), but this recognition does not have a cash impact or an impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed in accordance with the Company's Master Development Programs in Mexico and Capital Development Program in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.</sub>

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| | |
|:---|:---|
| **IR Contacts:** |  |
| Saúl Villarreal, Chief Financial Officer | svillarreal@aeropuertosgap.com.mx |
| Alejandra Soto, IRO and Corporate Finance Director | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext.20294 |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | |
|:---|:---|
|  | <u>**&nbsp;&nbsp;&nbsp;&nbsp;Grupo Aeroportuario del Pacífico, S.A.B. de C.V.&nbsp;&nbsp;&nbsp;&nbsp;**</u> |
|  | (Registrant) |
| Date: February 21, 2023 | <u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ SAÚL VILLARREAL GARCÍA&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | Saúl Villarreal García |
|  | Chief Financial Officer |

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