About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Grupo Aeroportuario del Sureste, S.A.B. de C.V. holds concessions to operate, maintain and develop nine airports in the southeast region of Mexico. The company conducts all of its operations through its subsidiaries. As operators of airports, the company charges airlines, passengers and other users fees for the use of the airports’ facilities. The company also derives rental and other income from commercial activities conducted at its airports, such as the leasing of space to restaurants and retailers. The company’s Mexican concessions include the concession for Cancún Airport. The company also holds concessions to operate the airports in Cozumel, Huatulco, Merida, Minatitlán, Oaxaca, Tapachula, Veracruz and Villahermosa. The company owns a controlling interest in Airplan. Airplan has concessions to operate the following airports in Colombia: the Enrique Olaya Herrera Airport in Medellín, the Jose María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó and the Las Brujas Airport in Corozal. In addition, the company’s subsidiary Aerostar holds a lease to operate, maintain and develop the LMM Airport, in San Juan, Puerto Rico, for an initial term of forty (40) years from February 27, 2013 (the LMM Lease). Mexico The company’s Mexican airports served approximately 39.5 million passengers in 2022. The United States is a significant source of passenger traffic volume in the company’s Mexican airports. In 2022 international passengers represented 52.7% of the total passenger traffic volume in the company’s Mexican airports. In 2022, 63.4% of the international passengers in the company’s Mexican airports traveled on flights originating in or departing to the United States. As of December 31, 2022, 2 Mexican and 16 international airlines, including United States-based airlines, such as American Airlines and United Airlines, operated flights, directly or through code-sharing arrangements (where one aircraft has two or more flight numbers of different, allied airlines) that originated from or departed for the United States at the company’s Mexican airports. Aeronautical Services Aeronautical services represent the most significant source of the company’s revenues at its Mexican airports. All of the company’s revenues from aeronautical services are regulated under the dual-till price regulation system applicable to its Mexican airports. The company’s revenues from aeronautical services are derived from: passenger charges, landing charges, aircraft parking charges, charges for the use of passenger walkways and charges for the provision of airport security services. In 2022, 55.6% of the company’s consolidated revenues, were derived from aeronautical services. Passenger Charges At its Mexican airports, the company collects a passenger charge for each departing passenger on an aircraft (other than diplomats, infants and transfer and transit passengers). From time to time, including in 2022, the company had offered discounts on passenger charges at certain of its airports. Aircraft Landing and Parking Charges, Passenger Walkway Charges and Airport Security Charges At its Mexican airports, the company collects various charges from carriers for the use of its facilities by their aircraft and passengers. For each aircraft’s arrival, the company collects a landing charge that is based on the average of the aircraft’s maximum takeoff weight and the aircraft’s weight without fuel. The company also collects aircraft parking charges based on the time an aircraft is at an airport’s gate or parking position. Parking charges at several of the company’s Mexican airports vary based on the time of day that the relevant service is provided. The company collects aircraft parking charges the entire time an aircraft is on its aprons. Airlines are also assessed charges for the connection of their aircraft to the company’s terminals through a passenger walkway. The company also assesses an airport security charge, which is collected from each airline based on the number of its departing passengers. The company provides airport security services at its airports through third-party contractors. The company also provides firefighting and rescue services at its airports. Non-aeronautical Services At its Mexican airports, non-aeronautical services have historically generated a proportionately smaller portion of the company’s revenues. The company’s revenues from non-aeronautical services are derived from commercial activities (such as the leasing of space in its airports to retailers, restaurants, airlines and other commercial tenants) and access fees charged to providers of complementary services in its airports (such as catering, handling and ground transport). In 2022, 33.8% of the company’s consolidated revenues, were derived from commercial revenues from its Mexican airports as defined under the Mexican Airport Law and from its international airports (Puerto Rico and Colombia), the dates on which it began consolidating the results of Puerto Rico and Colombia. The leasing of space in the company’s Mexican airports to airlines and other commercial tenants represents the most significant source of its revenues from non-aeronautical services. Commercial Activities Leading international airports generally generate an important portion of their revenues from commercial activities. In 2022, the company opened eleven commercial spaces, including nine in Cancún, one in Cozumel and one in Tapachula. Within its nine Mexican airports, the company leased 678 commercial premises through 331 contracts with tenants as of December 31, 2022, including restaurants, banks, retail outlets (including duty-free stores), currency exchange bureaus and car rental agencies. The company’s most important tenants in terms of occupied space and revenue in 2022 were Dufry Mexico and Controladora Mera and its affiliates. Access Charges At each of its Mexican airports, the company earns revenues from charging access fees to various third-party providers of complementary services, including luggage check-in, sorting and handling, aircraft servicing at its gates, aircraft cleaning, cargo handling, aircraft catering services and assistance with passenger boarding and deplaning. The company’s revenues from access charges are regulated under its dual-till price regulation system. Typically, services are provided by third parties, whom the company charges an access fee based on a percentage of revenues that they earn at its Mexican airports. Under the Mexican Airport Law, third-party providers of complementary services are required to enter into agreements with the respective concession holder at that airport. Nine different contractors provide handling services at the company’s nine Mexican airports. Consorcio Aeromexico, the parent company of Aeromexico, owns Administradora Especializada en Negocios, S.A. de C.V., or Administradora Especializada, the successor company to Servicios de Apoyo en Tierra, or SEAT, a company that provides certain complementary services, such as baggage handling, to various carriers at airports throughout Mexico. SEAT operated at the company’s Mexican airports prior to its commencement of operations under its Mexican concessions and continues to do so through its successor company. Under the Mexican Airport Law, the company is required to provide complementary services at each of its Mexican airports if there is no third party providing such services. Each of its Mexican airports has more than one third party provider of complementary services. Minatitlán Airport has the least third party providers of complementary services with four. Automobile Parking and Ground Transport Each of the company’s Mexican airports has public car parking facilities consisting of open-air parking lots. The company collects revenues from various commercial vehicle operators, including taxi, bus and other ground transport operators. The company’s revenues from permanent providers of ground transport services, such as access fees charged to taxis, are regulated activities, while its revenues from non-permanent providers of ground transport services, such as access fees charged to charter buses, are not regulated revenues. Airport Security The Dirección General de Aeronáutica Civil, or General Office of Civil Aviation, Mexico’s federal authority on aviation, and the Office of Public Security issue guidelines for airport security in Mexico. At each of the company’s Mexican airports, security services are provided by independent security companies that it hires. The company has undertaken various measures to improve the security standards at its Mexican airports. In response to the September 11, 2001 terrorist attacks in the United States, the company has taken additional steps to increase security at its Mexican airports. To comply with these directives, the company reinforced security by increasing and improving the security training of Mexican airport personnel; increasing the supervision and responsibilities of both its security personnel and airline security personnel that operate in its Mexican airports; issuing new electronic identification cards to Mexican airport personnel; reinforcing control of different access areas of its Mexican airports; and physically changing the access points to several of the restricted areas of its Mexican airports. Airlines have also contributed to the enhanced security at the company’s Mexican airports as they have adopted new procedures and rules issued by the General Office of Civil Aviation applicable to airlines. In response to the COVID-19 pandemic, the company has implemented several measures, the following of which are in place installed disinfectant gel dispensers based on alcohol at a minimum of 70% in public areas and strategic points; the use of facemasks is recommended in all areas; provided personal protection equipment (PPE) (facemasks, gloves, face shields) to all its airport personnel; installed ozone air purifiers at key locations to minimize airborne viruses; installed floor markings to aid social distancing, added decals in its passenger benches to ensure safe spacing, and displayed COVID-19 and hygiene information throughout its airports; installed protective acrylics to minimize the transmission routes of COVID-19 between passengers and personnel in the airport facilities, including at information modules and commercial areas, such as stores and rental companies; increased the cleaning and sanitation cycles in all areas of its facilities, including through the increased use of disinfectants and the daily cleaning of transport equipment; installed trash cans for the exclusive deposit of waste PPE; established guidelines for effective, efficient and recurrent supervision of compliance with health measures to prevent the spread of COVID-19; and circulated to airport personnel informational materials on preventive measures and questionnaires to detect health risks. Fuel Pursuant to the company’s Mexican concessions, the Mexican Airport and Auxiliary Services Agency entered into several agreements, under which it was obligated to pay to each of its subsidiary concession holders a fee for access to its facilities equivalent to 1.0% of the service charge for fuel supply. As of April 17, 2023, one third-party service provider is selling fuel at the company’s Mexican airports. Construction Services Revenue Under IFRS, an operator of a service concession that is required to make capital improvements to concessioned assets, such as the company, is deemed to provide construction or upgrade services. Revenues from construction services are recognized in accordance with the methods prescribed (input method) for measuring progress towards completion of each project, as approved by the grantor. Mexican Airports In 2022, the company’s Mexican airports served a total of 39.5 million passengers, 52.7% of which were international passengers. In 2022, Cancún Airport accounted for 76.8% of the company’s Mexican passenger traffic volume and 77.1% of its Mexican revenues. All of the company’s Mexican airports are designated as international airports under Mexican law, which indicates that they are equipped to receive international flights and have customs and immigration facilities. Cancún International Airport Cancún International Airport (the Cancún Airport) is the company’s most important airport in terms of passenger volume, air traffic movements and contribution to revenues. In 2022, Cancún Airport was the second busiest airport in Mexico in terms of passenger traffic and the first busiest in terms of international passengers in regular service, according to the General Office of Civil Aviation, Mexico’s federal authority on aviation. During 2022, approximately 30.3 million passengers traveled through Cancún Airport, principally through Terminal 2, Terminal 3, which was opened in May 2007 and Terminal 4, which was opened in November 2017. Cancún is located near beaches, coral reefs, ecological parks and Mayan archeological sites. Cancún Airport serves travelers visiting the Mayan Riviera, which stretches from Cancún south to the Mayan ruins at Tulum, and includes coastal hotels and resorts in the towns of Playa del Carmen, Tulum and Akumal. According to the Mexican Ministry of Tourism, the greater Cancún area (including the Mayan Riviera) was estimated to have an aggregate of 82,717 hotel rooms as of December 31, 2022. The airport’s facilities include a total of 68 aircraft parking stands, 18 of which are remote aircraft parking stands. Terminal 1 (the charter and low-cost airline terminal), Terminal 2 (the old main terminal, which includes a wing referred to as the satellite wing), Terminal 3 (the terminal that commenced operations in May 2007), Terminal 4 (the terminal that commenced operations in November 2017) and a general aviation building that handles private aircraft. The airport has 68 gates, 40 of which are accessible by passenger walkways. Terminal 1 has 7 contact gates. Terminal 2 has 9 gates accessible by passenger walkways, 3 contact gates and 10 remote gates. Terminal 3 has 17 boarding gates accessible by passenger walkways and 6 remote gates. Terminal 4 has 14 boarding gates accessible by passenger walkways and 2 remote gates. The airport has 594 retail outlets located throughout Terminals 1, 2, 3 and 4 and one bank branch located in Terminal 2. Terminal 1 in Cancún Airport has an area of 20,383 square meters (approximately 234.0 thousand square feet). Terminal 4 opened in 2017. Equipped with a total of 14 boarding gates, Terminal 4 can cater to up to nine million domestic and international passengers a year. On April 7, 2021, the Ministry of Infrastructure, Communications and Transportation approved the company’s request for an extraordinary review of the Mexican maximum rates, which allowed it to complete the construction of the terminal. Terminal 4 is located to the west of the existing airport facilities, between runway ends 12L and 12R. The terminal building has a surface area of more than 64,000 square meters, as well as 10 security filters and 14 aircraft parking stands, each with its own boarding bridge. Terminal 4 has been designed to be expandable when capacity increases are required, without causing disruption in day-to-day operations, and will maintain separate passenger flows for domestic and international passengers. In addition, the terminal has a multi-level floor plan, with the upper level reserved for departing passengers and the mezzanine and lower levels for arriving passengers. The new terminal consists of ten buildings with two-level double height spaces and a mezzanine level. Cancún Airport has two runways. The first runway has a length of 3,500 meters (2.2 miles). The second runway, which was completed in 2009, has a length of 2,800 meters (1.7 miles). Along with the second runway, the company also builds a new control tower at Cancún Airport in 2009. The company has a license to develop cargo facilities at Cancún Airport, which are being operated by its subsidiary Caribbean Logistics, S.A. de C.V. Merida International Airport Merida International Airport (the Merida Airport) serves the inland city of Merida, which has a population of 969,349, and surrounding areas in the state of Yucatán. In 2022, approximately 3.08 million passengers traveled through Merida Airport. Merida Airport attracts a mix of both business travelers and tourists. The city of Merida is an established urban area with numerous small and medium-sized businesses. The city is approximately 120 kilometers (75 miles) by highway from Chichen Itza and approximately 80 kilometers (50 miles) from Uxmal, pre-Columbian archeological sites that attract a significant number of tourists. The airport has two perpendicular runways, one with a length of 3,200 meters (2.0 miles) and another with a length of 2,300 meters (1.4 miles). The airport has one terminal, with seven gates accessible by passenger walkways and six boarding positions without walkways. There are 48 commercial spaces operating at Merida Airport. One business is operated by Grupo de Desarrollo del Sureste, S.A. de C.V. (GDS) pursuant to a long-term lease contract that terminated on January 1, 2009. This lease allowed GDS to construct and develop the airport’s air cargo terminal. Because GDS continued operating the business notwithstanding the termination of the lease, the company initiated legal proceedings to have them evicted. The company’s concession provides it the right to collect landing charges and parking charges for aircraft using the cargo terminal. The company filed a response to such appeal and a hearing is scheduled for March 30, 2023. Cozumel International Airport Cozumel International Airport (the Cozumel Aiport) is located on the island of Cozumel in the state of Quintana Roo. The airport primarily serves foreign tourists. During 2022, 663,270 passengers traveled through Cozumel International Airport, most of which were international passengers. Cozumel is the most frequently visited destination for cruise ships in Mexico, hosting approximately 2.9 million cruise ship visitors in 2022. Cozumel has one of the world’s largest coral reserves, and many passengers traveling to Cozumel are divers. The airport’s most important points of origin and destination are Mexico City, Houston and Dallas. The airport has a commercial runway with a length of 2,700 meters (1.7 miles). The airport has one main commercial terminal with six boarding positions and a total area of 12,071 square meters (approximately 129.93 thousand square feet). The airport also has a general aviation building for small private aircraft. There are 37 commercial spaces operating at Cozumel Airport. Villahermosa International Airport Villahermosa International Airport (the Villahermosa Airport) is located in the state of Tabasco, approximately 75 kilometers (46.9 miles) from Palenque, a Mayan archeological site. The city of Villahermosa has a population of 1.2 million. During 2022, the airport served approximately 1.2 million passengers, substantially all of which arrived on domestic flights. The airport’s most important points of origin and destination are Mexico City and Monterrey. As a result of a modernization project carried out in 2006, the airport’s commercial aviation apron was extended by a total of 12,521 square meters (approximately 134.6 thousand square feet), representing an increase of 87.0%. The terminal building was expanded from 5,463 square meters (approximately 58.7 thousand square feet) to 9,584 square meters (approximately 103.2 thousand square feet), representing an increase of 77.0%. There are 24 commercial spaces operating at Villahermosa Airport. The airport has one runway with a length of 2,200 meters (1.4 miles), which was repaired in 2010. The airport’s terminal has eight contact positions, including four with telescopic corridors for the direct boarding and deplaning of passengers between the aircraft and the terminal building. Oaxaca International Airport Oaxaca International Airport (the Oaxaca Aiport) serves the city of Oaxaca, which is the capital of the state of Oaxaca. The airport served 1.3 million passengers in 2022, most of which were domestic. The airport’s passengers are primarily Mexican businesspeople and tourists, thus its passenger volume and results of operations are dependent on Mexican economic conditions. Oaxaca is a picturesque colonial city located near several tourist attractions, including the archeological ruins of Monte Alban and Mitla. The airport’s most important point of origin and destination is Mexico City and Tijuana. The airport has one runway with a length of 2,450 meters (1.5 miles) and a terminal building with nine contact positions. The airport also includes a general aviation building for small private airplanes with 38 positions and two additional positions for helicopters. There are 27 commercial spaces operating at Oaxaca Airport. Veracruz International Airport Veracruz International Airport (the Veracruz Aiport) is located in the city of Veracruz along the Gulf of Mexico. The city of Veracruz has a population of 752,595. Veracruz is one of the busiest ports in Mexico, accounting for 15.7% of all commercial traffic in Mexican ports, and is the location of the country’s largest container terminal. In 2022, the airport served approximately 1.3 million passengers. Because the airport’s passengers are primarily Mexican business people, its passenger volume and results of operations are dependent on Mexican economic conditions. The airport’s most important points of origin and destination are Mexico City, Cancún, Monterrey and Guadalajara. Huatulco International Airport Huatulco International Airport (the Huatulco Airport) serves the Huatulco resort area in the state of Oaxaca on Mexico’s Pacific coast. The airport served 971,035 passengers in 2022, most of which were domestic. The substantial majority of the airport’s passengers are international tourists, although the majority arrive through domestic flights and are classified as domestic passengers because of their connection in Mexico City. The airport’s most important point of origin and destination is Mexico City. The airport has one runway with a length of 3,000 meters (1.9 miles). It was extended from a previous length of 2,700 meters (1.7 miles). The airport’s terminal has eight positions for commercial aircraft. The airport has a general aviation building with 18 positions for small private airplanes and one position for helicopters. There are 33 commercial spaces operating at Huatulco Airport. Tapachula International Airport Tapachula International Airport (the Tapachula Airport) serves the city of Tapachula. In 2022, the airport served 503,254 passengers, substantially all of which were domestic. The airport has one runway with a length of 2,000 meters (1.3 miles). The airport has one terminal with two remote boarding positions and two contact positions. The airport also has a general aviation building for small private aircraft with 18 positions and one position for helicopters. There are 19 commercial spaces operating at Tapachula Airport. Minatitlán International Airport Minatitlán International Airport (the Minatitlán Airport) is located near the Gulf of Mexico, 13 kilometers (8.1 miles) from the city of Coatzacoalcos in the state of Veracruz, 11 kilometers (6.9 miles) from the city of Cosoleacaque and 26 kilometers (16.2 miles) from the city of Minatitlán. The metropolitan area consists of these three cities has a population of 514,629. In 2022, the airport served 112,018 passengers. The airport’s most important point of origin and destination is Mexico City. The airport has one runway with a length of 2,100 meters (1.3 miles). The airport’s main terminal has four remote parking positions. The airport has a general aviation building for small private airplanes with 11 boarding positions and two additional positions for helicopters. There are 14 commercial spaces operating at Minatitlán Airport. Principal Air Traffic Customers of the company’s Mexican Airports As of December 31, 2022, 7 Mexican airlines and 64 international airlines operated flights at the company’s nine airports (including airlines operating solely on a code share basis). A code share arrangement means that airlines that do not fly their own aircraft into the company’s airports arrange to share the passenger space in another airline’s aircraft, with both airlines booking passengers through the same code. Volaris is the Mexican airline that operates the most flights at the company’s Mexican airports. Among foreign airlines, American Airlines and United Airlines operate the greatest number of flights to and from its Mexican airports. Seasonality The company’s business is subject to seasonal fluctuations. In general, demand for air travel is typically higher during the summer months and during the winter holiday season, particularly in international markets, because there is more vacation travel during these periods (year ended December 31, 2022). The company’s results of operations generally reflect this seasonality. Luis Muñoz Marín International Airport The company, through Aeropuerto de Cancún, owns a 60.0% interest in Aerostar, which was awarded the forty-year LMM Lease for the LMM Airport with an initial term beginning on February 27, 2013. The LMM Airport is located three miles outside of San Juan, Puerto Rico. It is the Caribbean’s largest and busiest airport, offering leisure and business travel to over 52 destinations. The LMM Airport serves the capital of San Juan and it is the primary gateway from Puerto Rico to international destinations and the mainland United States. The LMM Airport site covers approximately 1,300 acres of land. The LMM Airport has an estimated capacity to handle up to 10 million enplanements annually, which is more than double its usage. The LMM Airport consist of two runways and five terminals (Terminals A through E). In 2022, 8 commercial spaces were opened. Principal Air Traffic Customers of LMM Airport As of December 31, 2022, 26 domestic and 14 international airlines were operating directly or through code-sharing arrangements, where two or more airlines share the same flight and each airline publishes and markets the flight under its own flight number, at LMM Airport. Some airlines serve both international and domestic destinations. As of December 31, 2022, scheduled passenger air services at LMM Airport were provided by 19 airlines (together with regional affiliates and other partners). Colombian Airports The company’s subsidiary Airplan, of which it owns 100.0% of the capital stock, holds a concession to administer, operate, develop and maintain six airports in Colombia. The overall duration of the concession depends on the revenues generated by the Colombian airports. The company’s Colombian airports include Jose María Córdova International Airport in Rionegro and Enrique Olaya Herrera Airport in Medellín, Los Garzones Airport in Montería, Antonio Roldán Betancourt Airport in Carepa, El Caraño Airport in Quibdó, and Las Brujas Airport in Corozal. Colombia In particular, Medellín and its outskirts, where the company operates Jose María Córdova International Airport and Enrique Olaya Herrera Airport, is one of the most-visited cities in Colombia. The company’s Colombian airports served approximately 16.5 million passengers in 2022. Aeronautical Services Pursuant to Airplan’s 2008 concession agreement, the revenues from the company’s Colombian airports are divided into two categories: regulated and non-regulated. Regulated revenues consist of revenues derived from aeronautical services. Regulated revenues are regulated by the concession agreement managed by the National Infrastructure Agency (Agencia Nacional de Infraestructura), or ANI, and are listed in certain resolutions issued by the Special Administrative Unit of Civil Aeronautics (Unidad Administrativa Especial de Aeronáutica Civil), or Aerocivil. Each aeronautical service is subject to a maximum tariff, established by Aerocivil. In addition, Aerocivil establishes the methodology and mechanisms to update and collect the tariffs. All tariffs are updated annually based on the Colombian consumer price index (Índice de Precios al Consumidor), or the IPC, and a formula set forth in Aerocivil Resolution 04530 of 2007. The company’s revenues from aeronautical services are primarily derived from passenger charges for the use of terminals, takeoff, landing and aircraft movement charges, charges for boarding bridges and aircraft parking charges. Passenger Charges The company collects a passenger charge for each departing passenger on an aircraft. Passenger charges are established and regulated by Aerocivil pursuant to Resolution 04530 of 2007. Pursuant to Aerocivil regulations and the concession agreement, Jose María Córdova, Montería and Quibdó Airports apply the same domestic passenger charge, Enrique Olaya Herrera Airport has its own domestic passenger charge and Carepa and Corozal apply the same domestic passenger charge. Jose María Córdova and Enrique Olaya Herrera Airports apply the same international passenger charge. Other Charges The company collects various charges from carriers for the use of its facilities by their aircraft. For each aircraft’s departure and arrival, the company collects charges based on the rates set forth in Articles 5, 6 and 7 of Resolution 04530 of 2007, issued by Aerocivil. The company also collects aircraft parking charges based on the time an aircraft is stationed at an airport’s gate or parking position. The company collects charges from carriers for performing certain activities that require firefighting services, such as the use of firefighting cars for the supply of fuel and for cleaning fuel from platforms. Non-aeronautical Services The company’s revenues from non-aeronautical services are derived from commercial activities, automobile parking and ground transport fees. Commercial Activities Within its six Colombian airports, the company leased 663 commercial premises through 450 contracts with local tenants as of December 31, 2022. The company’s most important tenants in terms of occupied space and revenue in 2022 were Duty Free Partners Colombia S.A.S., Sapia CI S.A.S, Mera Medellin S.A.S, Aerovías del Continente Americano S.A. (Avianca), Global Lounge Colombia S.A.S., Marketmedios Comunicaciones, S.A.S., Organización Terpel S.A., La S.A. Sociedad de Apoyo Aeronautico S.A., Tampa Cargo S.A., Fast Colombia S.A.S., Globoshops S.A.S., Longport Colombia LTDA, among others. Automobile Parking and Ground Transport Each of its Colombian airports has public car parking facilities, which are provided either directly by the company or by a third party. The company provides public parking directly at Enrique Olaya Herrera Airport in Medellín, Los Garzones Airport in Montería, Antonio Roldán Betancourt Airport in Carepa, El Caraño Airport in Quibdó and the Jose María Córdova Airport in Rionegro. Pursuant to the concession agreement, it may charge third parties for the operation of its public parking and ground transport facilities. Airport Security Pursuant to the Colombian concession agreement, Airplan is responsible for security at each of the terminals comprising the concession. Airplan is also obligated to coordinate with Aerocivil and other security authorities, including the national police, to adopt procedures and measures aimed at guaranteeing the safety of the facilities and of airport users. Fuel Fuel access for the company’s Colombian airports and related vehicles and aircrafts is governed by the concession agreement. Fuel supply is a service that constitutes part of the company’s non-regulated revenue. The company is required to ensure the delivery of fuel to the aircrafts at its Colombian airports, including facilitating access between private suppliers and third parties. Fuel supply operations at the company’s Colombian airports must comply with certain Colombian regulations, including Annex 6 of the International Civil Aviation Organization and Decree 1521 of 1998. The company has agreements with fuel suppliers Terpel and Energizar. Aerocivil establishes safety guidelines and requirements with respect to fuel supply at the company’s Colombian airports. Colombian Airports In 2022, the company’s Colombian airports served a total of 16.5 million passengers, excluding passengers in transit and private aviation passengers. In 2022, Jose María Córdova International Airport accounted for 78.6% of the company’s passenger traffic and 88.31% of its revenues, in each case from its Colombian airports. Jose María Córdova International Airport in Rionegro and Enrique Olaya Herrera Airport in Medellín are designated as international airports under Colombian aeronautical regulations, which indicates that they are equipped to receive international flights and have customs and immigration facilities. Jose María Córdova International Airport Jose María Córdova International Airport is the second-busiest airport in Colombia in terms of passenger traffic. The airport is located in Rionegro, approximately 30 minutes from Medellín. Medellín has a population of approximately 2.6 million as of December 31, 2022, and is situated in a valley in the mountainous Antioquia department. The city is an urban center that is home to various businesses, museums, universities and parks. In addition, Medellín hosts an annual flower festival that attracts visitors. The airport’s most significant points of origin and destination are Bogotá, Cartagena, Santa Marta, Cali, Panama City, San Andres, and Miami, among others. During 2022, approximately 13 million passengers traveled through Jose María Córdova International Airport, including 2.8 million international passengers and 10.2 million domestic passengers. The airport’s facilities include spaces for cargo operations. These spaces may be operated by third parties. Jose María Córdova International Airport has one runway, with a length of 3,440 meters (2.1 miles). Jose María Córdova International Airport was built in 1985 and has two terminals (passenger and cargo terminals). There are 311 businesses operating in Jose María Córdova International Airport. Enrique Olaya Herrera Airport Enrique Olaya Herrera Airport also serves the city of Medellín. The airport is conveniently located within Medellín city limits and serves domestic flights to cities, such as Pereira, Bogotá and Montería. The airport’s primary points of origin and destination are Quibdó, Apartadó, Pereira, Bogotá, Montería and Bahía Solano. In 2022, approximately 1.27 million passengers traveled through Enrique Olaya Herrera Airport. There are 163 businesses operating at Enrique Olaya Herrera Airport. Los Garzones Airport Los Garzones Airport serves the city of Montería, Colombia. The city of Montería is located in the northern region of Colombia. The city is located approximately 30 miles from the Caribbean Sea and has an inland seaport connected to the Caribbean Sea by the Sinú River. During 2022, 1.57 million passengers traveled through Los Garzones Airport, including only Colombian domestic passengers. The airport’s primary points of origin and destination are Bogotá and Medellín. The airport serves domestic flights to cities, such as Bogotá, Medellín, Calí and Barranquilla. The airport’s facilities include spaces for cargo operations. These spaces may be operated by third parties. The airport has one runway, with a length of 2,298 meters (1.4 miles). There are 56 businesses operating at Los Garzones Airport. Antonio Roldán Betancourt Airport Antonio Roldán Betancourt Airport serves the city of Carepa, Colombia. During 2022, 263,093 passengers traveled through Antonio Roldán Betancourt Airport. The airport’s primary point of origin and destination is Medellín. The airport serves domestic flights to cities, such as Bogotá, Medellín and Quibdó. The airport’s facilities include spaces for cargo operations. These spaces may be operated by third parties. The airport has one runway, with a length of 1,964 meters (1.2 miles). There are 26 businesses operating at Antonio Roldán Betancourt Airport. El Caraño Airport El Caraño Airport serves the city of Quibdó, Colombia, located on the Atrato River in the western region of the country. During 2022, 379,948 passengers traveled through El Caraño Airport. The airport’s primary points of origin and destination are Medellín and Bogotá. The airport serves domestic flights to cities, such as Medellín and Bogotá. Las Brujas Airport Las Brujas Airport serves the city of Corozal, Colombia. The city of Corozal has a population of 65,800 as of December 31, 2022. During 2022, 56,289 passengers traveled through Las Brujas Airport. The airport’s primary point of origin and destination is Bogotá. The airport serves domestic flights to cities, such as Bogotá and Medellín. Principal Air Traffic Customers of Colombian Airports As of December 31, 2022, 11 international and 9 Colombian airlines operated flights at the company’s six Colombian airports. Viva Colombia represented 17.4% of air passenger traffic at the company’s Colombian airports in 2022, and on February 28, 2023 it has temporarily suspended operations due to financial distress. Avianca is the Colombian airline that operates the most flights at the company’s Colombian airports. Among foreign airlines, COPA and American Airlines operate the greatest number of flights to and from the company’s Colombian airports. Seasonality The company’s business is subject to seasonal fluctuations. In general, demand for air travel in Colombia is typically higher during December, January and July. Customers of Mexican Airports In 2022, Principal Air Traffic Customers of the company’s Mexican Airports included American Airlines, Inc.; Aeroenlaces Nacionales, S. A. de C. V. (VivaAerobus); Concesionaria Vuela Compañía de Aviación SAPI de CV (Volaris); United Airlines, Inc.; Delta Air Lines Inc.; Aerolitoral, S. A. de C. V. (Aeromexico Connect); ABC Aerolíneas, S. A. de C. V. (Interjet); Southwest Airlines Co.; and Other. In 2022, Principal Air Traffic Customers at the company’s Colombian Airports included Aerovías del Continente Americano (AVIANCA); AeroRepública S.A. (COPA Airlines); Fast Colombia SAS (Viva Colombia); Aerovías de Integración Regional S.A. (LATAM); American Airlines Inc.; Empresa Aerea de Servicios y Facilitación Logística Integral (EASYFLY); Spirit Airlines Inc.; Satena; Jet Blue Airways Corporation; and Others. In 2022, Principal Air Traffic Customers of LMM Airport included JetBlue Airways; American Airlines; Spirit Airlines; Frontier Airlines; Southwest Airlines; United Airlines; Delta Air Lines Inc.; Fedex; United Parcel Services; Amerijet; Iberia; and Other. Mexican Regulatory Framework Applicable Law in Mexico The principal laws, regulations and instruments that govern the company’s business and the operation of its Mexican airports, including the General Law of Commercial Corporations, enacted August 4, 1934; the Mexican Communications Law, enacted February 19, 1940; the Federal Labor Law, enacted April 1, 1970; the Customs Law, enacted December 15, 1995; the Value Added Tax Law, enacted December 29, 1978; the Mexican Federal Duties Law, enacted December 31, 1981; the Mexican Civil Aviation Law, enacted May 12, 1995; the Social Security Law, enacted December 21, 1995; the Mexican Airport Law, enacted December 22, 1995; the Regulations to the Mexican Civil Aviation Law, enacted December 7, 1998; the concessions that entitle its subsidiaries to operate its nine airports, which were granted in 1998 and amended in 1999; the Regulations to the Mexican Airport Law, enacted February 17, 2000; the Mexican National Assets Law, enacted May 20, 2004; the Securities Market Law, enacted December 30, 2005; the Income Tax Law, enacted December 11, 2013; and the Federal Economic Competition Law, enacted May 23, 2014. Puerto Rico Regulatory Framework Puerto Rico Sources of Regulation The principal laws, regulations and instruments that govern the business and operation of the LMM Airport owned by Aerostar, the company’s joint venture with PSP Investments include the Federal Aviation Act of 1958, as enacted and amended and any regulations issued under it; the Federal Aviation Administration’s Airport Investment Partnership Program, as amended; the Part 139 Certification of Airports issued by the FAA; the Airport Security Program approved by the Transportation Security Administration (TSA); the Puerto Rico Public Private Partnership Act of June 8, 2009, as amended (Act No. 29); the LMM Lease among Aerostar and the PRPA, dated July 24, 2012, which entitles Aerostar to lease and operate the LMM Airport for an initial term of forty (40) years from February 27, 2013; and the Airport Use Agreements dated February 27, 2013, which govern the relationship between Aerostar and the principal airlines serving the LMM Airport. Colombian Regulatory Framework Applicable Law in Colombia The principal laws, regulations and instruments that govern the operation of the company’s Colombian airports include the concession that entitles Airplan to operate its Colombian airports, which was granted on March 13, 2008; Law 80 of 1993, enacted on October 28, 1993; Law 105 of 1993, enacted on December 30, 1993; Law 336 of 1996, enacted on December 20, 1996; Law 1150 of 2007, enacted on July 16, 2007; and decrees and resolutions governing aeronautical activity enacted by the Colombian Ministry of Transportation and Aerocivil (Special Administrative Unit of Civil Aeronautics (Unidad Administrativa Especial de Aeronáutica Civil)). History Grupo Aeroportuario del Sureste, S.A.B. de C.V. was founded in 1996. The company was incorporated in 1998 as part of the Mexican government’s program for the opening of Mexico’s airports to private-sector investment.