Corporación América Airports S.A. (CAAP) Q2 2023 Earnings Call Transcript

Corporación América Airports S.A. (NYSE:CAAP) Q2 2023 Earnings Call Transcript August 18, 2023 10:00 AM ET

Company Participants

Patricio Inaki Esnaola - Head of IR
Martin Eurnekian - CEO
Jorge Arruda - CFO

Conference Call Participants

Jay Singh - Citi

Operator

Good morning, and welcome to the Corporación América Airports Second Quarter 2023 Earnings Conference Call. A slide presentation accompanies today's webcast and is available in the Investor section of the Corporación América Airports website. As a reminder, all participants will be in a listen-only mode. There will an opportunity to ask questions at the end of the presentation.

At this time, I would like to turn the call over to Patricio Inaki Esnaola, Head of Investor Relations. Patricio, please go ahead.

Patricio Inaki Esnaola

Thank you. Good morning, everyone, and thank you for joining us today. Speaking during today's call will be Martin Eurnekian, our Chief Executive Officer, and Jorge Arruda, our Chief Financial Officer.

Before we proceed, I would like to make the following safe harbor statement. Today's call will contain forward-looking statements, and I refer you to the forward-looking statements section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances.

Now, let me turn the call over to our CEO, Martin Eurnekian.

Martin Eurnekian

Thank you, Inaki. Hello, everyone, and welcome to our second quarter 2023 earnings call. I will kick off today's call by providing a summary of our financial highlights followed by a quick review of traffic and cargo trends. I will then turn the call to Jorge to go through our second quarter financial results.

We reported an outstanding quarter with robust performance across the board. Adjusted EBITDA reached yet another record of $151 million, up 27% when