Grupo Aeroportuario del Centro Norte B de C : OMA Announces Fourth Quarter 2022 Operating and Financial Results - Form 6-K

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

GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V.

(CENTRAL NORTH AIRPORT GROUP)

_________________________________________________________________

(Translation of Registrant's Name Into English)

México

_________________________________________________________________

(Jurisdiction of incorporation or organization)

Torre Latitud, L501, Piso 5

Av. Lázaro Cárdenas 2225

Col. Valle Oriente, San Pedro Garza García

Nuevo León, México

_________________________________________________________________

(Address of principal executive offices)

(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 Form 40-F

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes No X

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)

OMA Announces Fourth Quarter 2022

Operating and Financial Results

Mexico City, Mexico, February 16, 2023- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA (NASDAQ: OMAB; BMV: OMA), today reported its unaudited, consolidated financial and operating results for the fourth quarter 2022 (4Q22).

Full year 2022 Summary

■	Passenger traffic reached 23.2 million during 2022, surpassing by 0.2% prepandemic levels of 2019; and increased 28.8%, compared to 2021.

■	In 2022, Adjusted EBITDAwas Ps.7,088 million surpassing Adjusted EBTIDA of 2019 and 2021 by 27.4% and 38.7%, respectively. In 2022, the Adjusted EBITDA margin was of 76.3%.

■	The capital investments and major maintenanceincluded in the Master Development Plans (MDPs) plus strategic investments in 2022 reached Ps.3,277 million.

■	During the year, OMA distributed dividends for Ps.6,616 million; the leveragelevel measured by Net Debt/Adjusted EBITDA was of 1.0x as of December 31, 2022.

4Q22 Summary

■	Passenger traffic increased 20.7% during 4Q22, as compared to 4Q21, reaching 6.5 million passengers, and increased 8.7% as compared to 4Q19.The airports with the highest traffic growth compared to 4Q21 were Monterrey, Ciudad Juárez, Culiacán, Chihuahua and Mazatlán.

■	Adjusted EBITDAincreased 27.5% to Ps.1,939 million, which compares to Ps.1,521 million in 4Q21, and was 38.2% higher than 4Q19.

■	Adjusted EBITDA marginreached 75.8%, compared to 74.9% in 4Q21 and 73.2% in 4Q19.

■	Capital investments and major maintenance worksincluded in the Master Development Plans (MDPs) plus strategic investmentswere Ps.1,244 million in the quarter.

Chief Financial Officer Ruffo Pérez Pliego del Castillo [phone] [e-mail]

Investor Relations: Luis Emmanuel Camacho Thierry [phone] [e-mail]

www.oma.aero

(Thousand Passengers and Million Pesos)	4Q19	4Q21	4Q22	%Var vs4Q19	%Var vs 4Q21	2019	2021	2022	%Var vs 2019	%Var vs 2021
Passenger Traffic	5,952	5,359	6,469	8.7	20.7	23,168	18,025	23,221	0.2	28.8
Aeronautical Revenues	1,442	1,552	1,956	35.6	26.0	5,753	5,278	7,056	22.6	33.7
Non-Aeronautical Revenues	473	479	604	27.6	26.0	1,820	1,653	2,230	22.5	34.9
Aeronautical + Non-Aeronautical Revenues	1,915	2,031	2,559	33.6	26.0	7,572	6,931	9,285	22.6	34.0
Construction Revenues	348	648	1,106	218.1	70.6	955	1,789	2,649	177.5	48.1
Total Revenues	2,263	2,680	3,666	62.0	36.8	8,527	8,720	11,935	40.0	36.9
Adjusted EBITDA	1,402	1,521	1,939	38.2	27.5	5,563	5,110	7,088	27.4	38.7
Adjusted EBITDA Margin (%)	73.2%	74.9%	75.8%			73.5%	73.7%	76.3%
Income from Operations	1,165	1,275	1,749	50.2	37.1	4,855	4,110	6,064	24.9	47.5
Operating Margin (%)	51.5%	47.6%	47.7%			56.9%	47.1%	50.8%
Consolidated Net Income	761	1,016	1,135	49.1	11.8	3,227	2,864	3,917	21.4	36.8
Net Income of Controlling Interest	758	1,013	1,130	49.1	11.5	3,220	2,857	3,901	21.2	36.5
EPS (Ps.)	1.94	2.62	2.93	51.1	11.5	8.20	7.35	10.10	23.2	37.4
EPADS (US$)	0.82	1.03	1.20	46.5	17.2	3.48	2.87	4.15	19.4	44.4
MDP and Strategic Investments	491	752	1,244	153.4	65.4	1,357	2,117	3,277	141.5	54.8

OMA will hold its 4Q22 earnings conference call on February 17, 2023 at 08:00 a.m. Eastern time, 07:00 a.m. Mexico City time. Call [phone] toll-free from the U.S. or [phone] from outside the U.S. The conference ID is 13735525. The conference call will also be available by webcast at http://ir.oma.aero/en/calendario-de-eventos.

4Q22 Operating Results

Operations, Passengers, and Cargo

The number of seats offered increased 19.1% compared to 4Q21 and increased 5.3%, compared to 4Q19.

During the quarter, 10 new routes, started operations, of which 8 were international and 2 domestic.

Airline	Opened
# Routes	Origin	Destination	Type
		Domestic Routes
Aeroméxico	2	Monterrey Monterrey	Guanajuato Querétaro	Regular Regular
		International Routes
Aeroméxico	2	Monterrey Monterrey	Los Angeles Detroit	Regular Regular
Spirit Airlines	2	Monterrey Monterrey	Houston Austin	Regular Regular
American Airlines	1	Monterrey	New York	Regular
Sunwing	3	Mazatlán Mazatlán Mazatlán	Winnipeg Montreal Kelowna	Seasonal Seasonal Seasonal

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Total passenger traffic reached 6.5 million passengers, an increase of 20.7% as compared to 4Q21 and an increase of 8.7% versus 4Q19. During the quarter, of total traffic, 87.5% was domestic and 12.5% was international.

Domestic passenger traffic increased 20.9%, compared to 4Q21, while international traffic increased 19.7%. Compared to 4Q19, domestic passenger traffic and international passenger traffic increased 7.8% and 15.0%, respectively.

The airports with the largest passenger traffic growth in volume terms as compared to 4Q21, were:

■	Monterrey (+26.5%), on its Mexico City, Felipe Angeles (AIFA), Cancún, Toluca, Tijuana and Guadalajara routes.

■	Ciudad Juárez (+23.0%), on its Cancún, Guadalajara, Mexico City and Monterrey routes.

■	Culiacán (+17.8%), on its Tijuana, San José del Cabo, Mexicali, Guadalajara, Cancún and Monterrey routes.

■	Chihuahua (+19.7%), on its Guadalajara, Cancún, Monterrey and Tijuana routes.

■	Mazatlán (+15.3%), on its Tijuana, Dallas, Mexico City and Phoenix routes.

The airports with the largest passenger traffic recovery in volume terms as compared to 4Q19, were:

■	Monterrey (+10.6%), on its Cancún, Felipe Angeles (AIFA), Dallas, Guadalajara and Tijuana routes.

■	Ciudad Juárez (+36.4%), on its Mexico City, Cancún, Guadalajara and Monterrey routes.

■	Mazatlán (+22.2%), on its Tijuana, Mexico City, Phoenix, Dallas and Chihuahua routes.

■	Chihuahua (+10.0%), on its Guadalajara and Cancún routes.

■	Culiacán (+4.6%), on its Tijuana, San José del Cabo, Mexicali and Cancún routes.

			4Q19				4Q21				4Q22				%Var vs4Q19				%Var vs 4Q21				2019				2021				2022				%Var vs 2019				%Var vs 2021
Available Seats			8,050,523				7,118,561				8,478,381				5.3				19.1				31,189,588				24,618,267				30,871,950				(1.0	)			25.4
Passenger Traffic:
Domestic			5,251,473				4,685,837				5,663,166				7.8				20.9				20,416,764				15,723,316				20,506,631				0.4				30.4
International			700,029				672,946				805,355				15.0				19.7				2,751,296				2,301,848				2,714,115				(1.4	)			17.9
Total Passenger Traffic			5,951,502				5,358,783				6,468,521				8.7				20.7				23,168,060				18,025,164				23,220,746				0.2				28.8
Commercial Aviation (Regular and Charter)			5,909,850				5,316,655				6,430,243				8.8				20.9				22,999,049				17,867,259				23,069,727				0.3				29.1
General Aviation			41,652				42,128				38,278				(8.1	)			(9.1	)			169,011				157,905				151,019				(10.6	)			(4.4	)
Cargo Units			248,675				361,324				330,856				33.0				(8.4	)			976,203				1,230,997				1,344,476				37.7				9.2
Workload Units			6,200,177				5,720,107				6,799,377				9.7				18.9				24,144,263				19,256,161				24,565,222				1.7				27.6
Flight Operations (Takeoffs and Landings):
Domestic			73,044				65,846				67,146				(8.1	)			2.0				294,154				237,735				258,912				(12.0	)			8.9
International			11,735				11,381				10,729				(8.6	)			(5.7	)			45,926				41,622				40,190				(12.5	)			(3.4	)
Total Flight Operations			84,779				77,227				77,875				(8.1	)			0.8				340,080				279,357				299,102				(12.0	)			7.1

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Commercial Operations

The commercial space occupancy rate in the passenger terminals was 93.5% as of December 31, 2022.

Freight Logistics Services

■	OMA Carga's revenues increased by 20.0%, compared to 4Q21 due to an increase in handling of higher commercial value cargo in handling, storage and custody services related to ground and air import cargo. Total tonnage handled was 8,627 metric tons, 14.0% lower than 4Q21.

Hotel Services

■	The NH Collection Terminal 2 Hotel had a 81.5% occupancy rate, compared to 78.3% in 4Q21, with an 21.5% increase in the average room rate to Ps.2,850 per night.

■	Hilton Garden Inn had a 75.1% occupancy rate, compared to 60.1% in 4Q21, with a 10.1% increase in the average room rate to Ps.2,224 per night.

Industrial Services

■	OMA VYNMSA Aero Industrial Park: Revenues reached Ps.19.4 million, an increase of 10.1% versus 4Q21. The increase is explained by a higher number of leased warehouses as compared to 4Q21. Construction of one warehouse with an area of 10,436 m2 started during the quarter.

Consolidated Financial Results

Revenues

Aeronautical revenues increased 26.0% mainly due to an increase in passenger traffic, compared to 4Q21, as well as the increase in aeronautical tariffs during 1Q22.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Domestic Passenger Charges			1,035,733				1,336,913				29.1				3,422,714				4,791,166				40.0
International Passenger Charges			323,764				375,387				15.9				1,169,292				1,375,479				17.6
Other Aeronautical Services, Regulated Leases and Access Rights			192,996				243,379				26.1				685,721				888,898				29.6
Aeronautical Revenues			1,552,492				1,955,680				26.0				5,277,728				7,055,543				33.7
Aeronautical Revenues/Passenger (Ps.)			289.7				302.3				4.4				292.8				303.8				3.8

Non-aeronautical revenues increased 26.0%.

Commercial revenues increased 34.6%. The line items with the largest increases were:

■	Parking, +46.4%, as a result of an increase in passenger traffic, as well as higher penetration in the Chihuahua, Monterrey and Culiacán airports.

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■	Car Rentals, Restaurants and Retail, +58.3%, +27.8% and +22.5%, respectively, as a result of an increase in revenue share and the start of operations of new initiatives implemented.

■	VIP Lounges, +48.1%, as a result of the transition to a direct operation of the OMA Premium Lounges and an increase in number of users of these lounges.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Commercial Activities:
Parking			66,458				97,275				46.4				217,728				340,095				56.2
Advertising			21,222				17,702				(16.6	)			70,338				73,579				4.6
Retail			28,371				34,744				22.5				86,128				124,726				44.8
Duty Free			3,067				3,521				14.8				10,318				15,183				47.2
Restaurants			38,331				48,968				27.8				120,148				176,844				47.2
Car Rentals			39,915				63,193				58.3				142,651				205,019				43.7
Passenger Services			1,065				2,137				100.7				3,561				5,232				46.9
Time Shares & Hotel Promotion			3,776				4,422				17.1				13,557				16,960				25.1
Communications and Networks			4,531				4,649				2.6				18,137				16,350				(9.9	)
VIP Lounges			15,512				22,966				48.1				49,381				80,933				63.9
Financial Services			2,252				3,128				38.9				8,355				13,013				55.8
Other Services			10,046				12,913				28.5				39,275				43,970				12.0
Total Revenues from Commercial Activities			234,547				315,619				34.6				779,577				1,111,903				42.6

Diversification revenues increased 24.1%, mainly due to higher revenues from Hotel Services and OMA Carga.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Diversification Activities:
Hotel Services			72,646				92,132				26.8				221,728				325,495				46.8
OMA Carga (Freight Logistics Service)			63,036				75,621				20.0				257,210				329,793				28.2
Real Estate Services			5,996				6,980				16.4				19,721				26,364				33.7
Industrial Services			17,585				19,369				10.1				63,737				73,760				15.7
Other Services			1,437				5,302				269.0				6,889				10,858				57.6
Total Revenues from Diversification Activities			160,700				199,405				24.1				569,285				766,270				34.6
Complementary Activities:
Checked Baggage Screening			43,942				54,066				23.0				150,238				198,336				32.0
Other Leases			28,809				25,199				(12.5	)			122,639				118,851				(3.1	)
Access Rights			8,041				7,044				(12.4	)			21,316				24,892				16.8
Other Services			2,803				2,197				(21.6	)			10,324				9,551				(7.5	)
Total Revenues from Complementary Activities			83,595				88,506				5.9				304,517				351,629				15.5
Non-Aeronautical Revenues			478,842				603,530				26.0				1,653,379				2,229,802				34.9
Non-Aeronautical Revenues/Passenger (Ps.)			89.4				93.3				4.4				91.7				96.0				4.7

Construction revenues represent the value of improvements to concessioned assets. They are equal to construction costs and generate neither a gain nor a loss. Construction revenues and costs are determined based on the advance in the execution of projects in accordance with the airports' Master Development Programs (MDP), and variations depend on the rate of project execution.

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(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Aeronautical Revenues			1,552,492				1,955,680				26.0				5,277,728				7,055,543				33.7
Non-Aeronautical Revenues			478,842				603,530				26.0				1,653,379				2,229,802				34.9
Aeronautical + Non-Aeronautical Revenues			2,031,334				2,559,210				26.0				6,931,107				9,285,345				34.0
Construction Revenues			648,432				1,106,348				70.6				1,788,903				2,649,423				48.1
Total Revenues			2,679,766				3,665,558				36.8				8,720,010				11,934,768				36.9
Aeronautical Revenues + Non-Aeronautical Revenues / Passenger (Ps.)			379.1				395.6				4.4				384.5				399.9				4.0

Costs and Operating Expenses

The sum of cost of airport services and general and administrative expenses (G&A) increased 15.9%, mainly due to higher payroll costs, contracted services, and insurance.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Payroll			146,517				195,475				33.4				537,278				667,580				24.3
Contracted Services (Security, Cleaning and Professional Services)			59,011				65,536				11.1				247,266				252,249				2.0
Minor Maintenance			42,605				42,965				0.8				138,773				140,792				1.5
Basic Services (Electricity, Water, Telephone)			22,166				20,607				(7.0	)			80,127				84,633				5.6
Materials and Supplies			10,085				8,217				(18.5	)			34,258				41,188				20.2
Insurance and Bonding			8,152				11,537				41.5				35,663				34,271				(3.9	)
Other costs and expenses			49,095				46,886				(4.5	)			163,187				180,232				10.4
Cost of Airport Services + G&A			337,631				391,223				15.9				1,236,552				1,400,946				13.3
Cost of Hotel Services			38,776				58,000				49.6				124,961				181,673				45.4
Cost of Industrial Park Services			1,527				2,042				33.7				7,135				8,619				20.8
Subtotal (Cost of Services + G&A)			377,935				451,265				19.4				1,368,649				1,591,238				16.3
Subtotal (Cost of Services + G&A) / Passenger (Ps.)			70.5				69.8				(1.1	)			75.9				68.5				(9.8	)

The major maintenance provision was Ps.42 million. The outstanding balance of the maintenance provision as of December 31, 2022 was Ps.1,991 million.

The airport concession tax was Ps.118 million and the technical assistance fee was Ps.52 million.

Total operating costs and expenses increased 36.5%.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Cost of Services			227,478				264,229				16.2				782,107				923,638				18.1
Administrative Expenses (G&A)			150,457				187,036				24.3				586,542				667,600				13.8
Subtotal (Cost of Services + G&A)			377,935				451,265				19.4				1,368,649				1,591,238				16.3
Major Maintenance Provision			117,863				41,786				(64.5	)			512,653				472,077				(7.9	)
Construction Cost			648,432				1,106,348				70.6				1,788,903				2,649,423				48.1
Concession Taxes			92,318				117,718				27.5				319,906				428,717				34.0
Technical Assistance Fee			40,729				51,610				26.7				133,558				177,667				33.0
Depreciation & Amortization			127,699				147,917				15.8				487,230				551,200				13.1
Other (Income) Expense - Net			(606	)			(1	)			(99.8	)			(1,278	)			(40	)			(96.9	)
Total Operating Costs and Expenses			1,404,370				1,916,643				36.5				4,609,621				5,870,282				27.3

Operating Income and Adjusted EBITDA

Operating Income was Ps.1,749 million, with an operating margin of 47.7%.

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Adjusted EBITDA was Ps.1,939 million, with a margin of 75.8%.

(Ps. Thousands)			4Q21				4Q22				% Var				2021				2022				% Var
Consolidated Net Income			1,015,553				1,135,022				11.8				2,863,630				3,917,305				36.8
- Financing (Expense) Income			(29,638	)			(204,653	)			590.5				(274,580	)			(771,661	)			181.0
+Income Taxes			230,205				409,240				77.8				972,179				1,375,520				41.5
Operating Income			1,275,396				1,748,915				37.1				4,110,389				6,064,486				47.5
Operating Margin (%)			47.6	%			47.7	%							47.1	%			50.8	%
+Depreciation and Amortization			127,699				147,917				15.8				487,230				551,200				13.1
EBITDA			1,403,095				1,896,832				35.2				4,597,619				6,615,686				43.9
EBITDA Margin (%)			52.4	%			51.7	%							52.7	%			55.4	%
-Construction Revenue			648,432				1,106,348				70.6				1,788,903				2,649,423				48.1
+Construction Cost			648,432				1,106,348				70.6				1,788,903				2,649,423				48.1
+Major Maintenance Provision			117,863				41,786				(64.5	)			512,653				472,077				(7.9	)
Adjusted EBITDA			1,520,958				1,938,618				27.5				5,110,272				7,087,763				38.7
Adjusted EBITDA Margin: Adjusted EBITDA/(Aeronautical Revenue + Non-Aeronautical Revenue) (%)			74.9	%			75.8	%							73.7	%			76.3	%

Financing Income and Net Income

Financing Expense was Ps.205 million, compared to Ps.30 million during 4Q21. The increase was mainly due to a higher interest expense as a result of a higher level of indebtedness and an increase in financing costs; and an exchange loss compared to an exchange gain in 4Q21.

(Ps. thousand)			4Q21				4Q22				% Var				2021				2022				% Var
Interest Income			49,535				55,529				12.1				129,479				171,312				32.3
Interest (Expense)			(142,783	)			(256,523	)			79.7				(516,676	)			(934,102	)			80.8
Exchange Gain (Loss), net			63,610				(3,659	)			n.a.				112,617				(8,871	)			n.a.
Total Financing Expense			(29,638	)			(204,653	)			590.5				(274,580	)			(771,661	)			181.0

Consolidated net income in the quarter was Ps.1,135 million, an increase of 11.8%.

Earnings per share, based on net income of the controlling interest was Ps.2.93, and earnings per ADS was US$1.20. Each ADS represents eight Series B shares.

(Ps. thousand)			4Q21				4Q22				% Var				2021				2022				% Var
Consolidated Net Income			1,015,553				1,135,022				11.8				2,863,630				3,917,305				36.8
Net income margin %			37.9	%			31.0	%							32.8	%			32.8	%
Non-controlling interest			2,556				5,110				99.9				6,365				16,338				156.7
Net income of controlling Interet			1,012,997				1,129,912				11.5				2,857,265				3,900,967				36.5
Earnings per Share, Ps.			2.62				2.93				11.5				7.35				10.10				37.4
Earnings per ADS, US$			1.03				1.20				17.2				2.87				4.15				44.4

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MDP and Strategic Investments

In 4Q22, capital investments and major maintenance works in the MDPs and strategic investments totaled Ps.1,224 million, comprised of Ps.1,106 million in improvements to concessioned assets, Ps.64 million in major maintenance, Ps.51 million in strategic investments and Ps.3 million in other concepts.

The most important investment expenditures included:

Airport		Project		Status
MDP Investments
Chihuahua		Major rehabilitation of taxiway and commercial platform		Started
Tampico		Minor rehabilitation of platform and mayor rehabilitation of taxiway		Started
Zihuatanejo		Minor rehabilitation of taxiway		Started
Durango		Major rehabilitation of taxiway		In Process
Durango		Remodeling and expansion of terminal building		In Process
Monterrey		Installation of baggage screening equipment		In Process
Culiacán		Expansion of terminal building		In Process
Culiacán		Minor rehabilitation of runway and major rehabilitation of platform		In Process
San Luis Potosí		Major rehabilitation of taxiway		In Process
Durango		Major rehabilitation of runway		In Process
Mazatlán		Terminal building reconfiguration		In Process
Ciudad Juárez		Rehabilitation of commercial aviation platform		In Process
Ciudad Juárez		Remodeling and expansion of terminal building		In Process
Monterrey		Platforms reconfiguration		In Process
Monterrey		Expansion of Terminal C (Wing 1)		In Process
Monterrey		Expansion of public area in Terminal A - first phase		In Process
Zihuatanejo		Modernization of terminal building		In Process
Zacatecas		Rehabilitation of commercial aviation platform		Finished
Strategic Investments
Monterrey		Industrial park - Construction of industrial warehouse		Started
Monterrey		Expansion of OMA Carga bonded warehouse - Ground Cargo		In Process
4 Airports		Construction of OMA Premium Lounges in Durango, Reynosa, Tampico and Zihuatanejo		In Process
5 Airports		Remodeling of OMA Premium Lounges in Monterrey (Terminal A and Terminal C), Culiacán, Acapulco, Mazatlán and San Luis Potosí		In Process
Hotel		Remodeling of NH Collection Terminal 2 Hotel		In Process
Monterrey		Design and construction of parking		In Process
Monterrey		Industrial park - Construction of industrial warehouse		In Process
Monterrey		Industrial park - Tenant improvements to industrial warehouse		In Process
Ciudad Juárez		Construction of OMA Premium Lounges		Finished

8

Indebtedness

(Ps. Thousands)		Scheduled Maturity		Interest Rate		December 31, 2021			December 31, 2022
Short Term Debt
Credit Lines payable at maturity in June 2022; Ps. 2,700 mm		June 2022		TIIE + 99.6 bp			2,700,000				-
Subsidiaries capitalization and financing of working capital		Bullet
Credit Lines payable at maturity in June 2023; Ps. 1,200 mm		June 2023		TIIE + 86.7 bp			-				1,200,000
Subsidiaries capitalization and financing of working capital		Bullet
Total Short-Term Debt							2,700,000				1,200,000
Long-Term Debt
10-yr Bond, Ps. 1,500 mm: OMA13		March 2023		6.47%			1,500,000				1,500,000
Finance CAPEX and Refinance Debt		Bullet
5-yr Bond, Ps. 1,000 mm: OMA21V		April 2026		TIIE 28 + 75 bp			1,000,000				1,000,000
Green investments established on OMA's Green Bond Framework		Bullet
7-yr Bond, Ps. 2,500 mm: OMA21-2		April 2028		7.83%			2,500,000				2,500,000
Refinance Debt		Bullet
5-yr Bond, Ps. 1,700 mm: OMA22L		March 2027		TIIE 28 + 14 bp			-				1,700,000
Prepayment of Short-Term Loans		Bullet
7-yr Bond, Ps. 2,300 mm: OMA22-2L		March 2029		9.35%			-				2,300,000
Finance CAPEX, Prepayment of Short-Term Loans and Corporate Uses		Bullet
Subtotal Long-Term Debt							5,000,000				9,000,000
Less: Current Portion of Long-Term Debt							-				(1,500,000	)
Less: Commissions and Financing Expenses							(3,378	)			(15,664	)
Total Long-Term Debt							4,996,622				7,484,336
Plus: Financial leases							224,736				208,205
Plus: Current Portion of Long-Term Debt							-				1,500,000
Plus: Bank Debt							2,700,000				1,200,000
Total Debt + Financial leases							7,921,358				10,392,541
Mexican peso denominated debt							100.0	%			100.0	%
U.S. dollar denominated debt							0.0	%			0.0	%
Net Debt (Includes financial leases)							1,934,194				7,056,121
Net Debt / Last Twelve Months Adjusted EBITDA (x)							0.38				1.00

Derivatives

As of the date of this report, OMA has no financial derivatives exposure.

Cash Flow Statement

During 4Q22, cash flows from operating activities generated cash of Ps.1,564 million.

Investing activities used cash for Ps.1,297 million in the fourth quarter. Financing activities reflect mainly the inflows received from short-term loan agreements, resulting in a net cash inflow of Ps.998 million.

The net increase in cash resulting from operating, investing and financing activities in 4Q22 was Ps.1,266 million. This, combined with the negative effect of changes in the value of cash of Ps.2.0 million, resulted in a Cash and Cash Equivalents balance as of December 31, 2022 of Ps.3,336 million.

9

		From October 1 to December 31,						From January 1 to December 31,
(Ps. Thousands)		2021			2022			%Var			2021			2022			%Var
Income Before Taxes			1,245,758				1,544,262				24.0				3,835,809				5,292,825				38.0
Items not affecting Operating Activities, net			302,950				398,082				31.4				1,301,290				1,796,284				38.0
Changes in operational assets and liabilities, net			(335,022	)			(378,209	)			12.9				(690,254	)			(2,103,773	)			204.8
Net Flow from Operating Activities			1,213,686				1,564,135				28.9				4,446,845				4,985,336				12.1
Net Flow from Investing Activities			(557,881	)			(1,296,710	)			132.4				(1,794,892	)			(2,754,759	)			53.5
Net Flow from Financing Activities			613,255				998,459				62.8				292,269				(4,875,774	)			n.a.
Net Increase (Reduction) in Cash and Cash Equivalents			1,269,060				1,265,883				(0.3	)			2,944,222				(2,645,197	)			n.a.
Effect of Change for Fair Value of Cash and Equivalents			34,322				(1,969	)			n.a.				84,138				(5,547	)			n.a.
Cash and Equivalents at Beginning of Period			4,683,782				2,072,506				(55.8	)			2,958,804				5,987,164				102.4
Cash and Equivalents at End of Period			5,987,164				3,336,420				(44.3	)			5,987,164				3,336,420				(44.3	)

Relevant Events

OMA announces payment date for Ps. 1,450 million dividend. On February 16, 2023, OMA announced that in accordance with the resolutions adopted by its General Ordinary Shareholders' Meeting, held on February 13, 2023 with regards to the approval of a cash dividend of up to Ps.1,450 million, the Board of Directors with the power delegated by the Shareholders' Meeting, has determined the payment of a cash dividend of Ps.1,450 million with payment date on March 2, 2023.

OMA is included in 2023 Bloomberg Gender-Equality Index. On January 31, 2023, OMA was recognized, for the second consecutive year, as one of the 12 Mexican companies to be included in the 2023 Bloomberg Gender-Equality Index. This reference index measures gender equality across five pillars: leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti sexual-harassment policies, and external brand.

Obtaining of short-term loans. On December 26, 2022, OMA announced that it obtained short-term loans for an aggregate amount of Ps.1,200 million with HSBC México, Banco Nacional de México and Banco Santander México. Proceeds were used to capitalize the group's subsidiaries, for working capital and to strengthen the company's liquidity.

Closing of Sale of OMA Shares between Fintech Advisory and VINCI Airports. On December 7, 2022, OMA announced, following its press release (evento relevante) dated July 31, 2022, that Fintech Advisory Inc. ("Fintech") made a public filing pursuant to the Securities Laws in the United States of America, in which it disclosed the closing of the indirect sale by several of its affiliates, of 29.99% of the shares of OMA, to a subsidiary of VINCI Airports SAS.

10

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
Passenger Traffic
(Terminal Passengers - Excludes Transit Passengers)
Total Passengers		4Q21			4Q22			% Var			2021			2022			% Var
Acapulco		190,891			220,543			15.5			670,239			838,991			25.2
Ciudad Juárez		446,491			549,370			23.0			1,499,841			2,004,524			33.6
Culiacán		557,843			656,954			17.8			1,970,211			2,426,003			23.1
Chihuahua		401,931			481,275			19.7			1,363,937			1,727,006			26.6
Durango		127,542			121,886			(4.4	)		446,030			485,524			8.9
Mazatlán		338,543			390,427			15.3			1,106,071			1,450,944			31.2
Monterrey		2,499,697			3,161,462			26.5			8,269,834			10,943,186			32.3
Reynosa		121,507			132,260			8.8			425,918			518,051			21.6
San Luis Potosí		159,565			168,032			5.3			528,625			633,364			19.8
Tampico		115,749			137,757			19.0			397,191			495,602			24.8
Torreón		160,415			182,017			13.5			537,161			670,245			24.8
Zacatecas		105,534			113,365			7.4			375,930			433,952			15.4
Zihuatanejo		133,075			153,173			15.1			434,176			593,354			36.7
Total		5,358,783			6,468,521			20.7			18,025,164			23,220,746			28.8
Domestic Passengers		4Q21			4Q22			% Var			2021			2022			% Var
Acapulco		176,643			206,132			16.7			623,763			773,846			24.1
Ciudad Juárez		442,801			547,880			23.7			1,487,306			1,997,985			34.3
Culiacán		544,645			648,446			19.1			1,920,194			2,392,946			24.6
Chihuahua		366,253			447,133			22.1			1,233,690			1,593,272			29.1
Durango		101,876			93,792			(7.9	)		350,643			382,302			9.0
Mazatlán		270,166			288,168			6.7			934,309			1,152,660			23.4
Monterrey		2,137,892			2,725,372			27.5			6,975,309			9,545,231			36.8
Reynosa		118,886			131,420			10.5			417,215			511,535			22.6
San Luis Potosí		109,313			110,597			1.2			361,079			418,556			15.9
Tampico		104,043			123,419			18.6			355,991			444,786			24.9
Torreón		143,662			165,326			15.1			475,512			606,909			27.6
Zacatecas		69,895			71,586			2.4			247,746			278,868			12.6
Zihuatanejo		99,762			103,895			4.1			340,559			407,735			19.7
Total		4,685,837			5,663,166			20.9			15,723,316			20,506,631			30.4
International Passengers		4Q21			4Q22			% Var			2021			2022			% Var
Acapulco		14,248			14,411			1.1			46,476			65,145			40.2
Ciudad Juárez		3,690			1,490			(59.6	)		12,535			6,539			(47.8	)
Culiacán		13,198			8,508			(35.5	)		50,017			33,057			(33.9	)
Chihuahua		35,678			34,142			(4.3	)		130,247			133,734			2.7
Durango		25,666			28,094			9.5			95,387			103,222			8.2
Mazatlán		68,377			102,259			49.6			171,762			298,284			73.7
Monterrey		361,805			436,090			20.5			1,294,525			1,397,955			8.0
Reynosa		2,621			840			(68.0	)		8,703			6,516			(25.1	)
San Luis Potosí		50,252			57,435			14.3			167,546			214,808			28.2
Tampico		11,706			14,338			22.5			41,200			50,816			23.3
Torreón		16,753			16,691			(0.4	)		61,649			63,336			2.7
Zacatecas		35,639			41,779			17.2			128,184			155,084			21.0
Zihuatanejo		33,313			49,278			47.9			93,617			185,619			98.3
Total		672,946			805,355			19.7			2,301,848			2,714,115			17.9

11

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Unaudited Consolidated Balance Sheet

(Thousands of Pesos)

		December 31,			December 31,			% Var
		2021			2022			Dec22/Dec21
Assets
Current Assets
Cash and Cash Equivalents		5,987,164			3,336,420			(44.3	)
Trade Accounts Receivable - Net		1,085,670			1,266,110			16.6
Trade Accounts Receivable from Related Parties		223,498			9,602			(95.7	)
Recoverable Taxes		275,600			259,118			(6.0	)
Advances to Contractors		162,165			672,588			314.8
Other Current Assets		42,333			49,639			17.3
Total Current Assets		7,776,430			5,593,477			(28.1	)
Land, Buildings, Machinery and Equipment - Net		2,724,296			2,566,095			(5.8	)
Investments in Airport Concessions - Net		11,680,684			13,940,366			19.3
Rights of use of leased assets, net		197,131			165,004			(16.3	)
Other Assets - Net		46,196			48,127			4.2
Deferred Taxes		464,404			756,909			63.0
Total Assets		22,889,141			23,069,978			0.8
Liabilities and Stockholder's Equity
Current Liabilities
Bank Debt		2,700,000			1,200,000			n.a.
Current Portion of Long-Term Debt		-			1,500,000			n.a.
Current Portion of Major Maintenance Provision		692,788			949,197			37.0
Current Portion of Financial Leases		29,332			33,446			14.0
Trade Accounts Payable		213,207			332,287			55.9
Taxes and Accrued Expenses		997,854			957,609			(4.0	)
Accounts Payable to Related Parties		269,249			286,479			6.4
Total Current Liabilities		4,902,430			5,259,018			7.3
Long-Term Debt		4,996,622			7,484,336			49.8
Guarantee Deposits		342,120			377,576			10.4
Employee Benefits		129,199			121,477			(6.0	)
Major Maintenance Provision		1,048,945			1,041,521			(0.7	)
Financial Leases		195,404			174,759			(10.6	)
Deferred Taxes		36,189			56,671			56.6
Total liabilities		11,650,909			14,515,358			24.6
Common Stock		297,782			297,782			-
Additional paid-in capital		29,786			29,786			-
Retained Earnings		9,702,141			6,528,698			(32.7	)
Share Repurchase Reserve		1,028,188			1,500,000			45.9
Labor Obligations		(1,936	)		12,945			n.a.
Non-Controlling Interest		182,271			185,409			1.7
Stockholders' Equity		11,238,232			8,554,620			(23.9	)
Total Liabilities and Stockholder's Equity		22,889,141			23,069,978			0.8

12

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Unaudited Consolidated Statement of Comprehensive Income

(Thousands of Pesos)

		4Q21			4Q22			% Var			2021			2022			% Var
Revenues
Aeronautical Revenues		1,552,492			1,955,680			26.0			5,277,728			7,055,543			33.7
Non-Aeronautical Revenues		478,842			603,530			26.0			1,653,379			2,229,802			34.9
Aeronautical Revenues + Non-Aeronautical Revenues		2,031,334			2,559,210			26.0			6,931,107			9,285,345			34.0
Construction Revenues		648,432			1,106,348			70.6			1,788,903			2,649,423			48.1
Total Revenues		2,679,766			3,665,558			36.8			8,720,010			11,934,768			36.9
Operating Costs
Cost of Services		227,478			264,229			16.2			782,107			923,638			18.1
Administrative Expenses		150,457			187,036			24.3			586,542			667,600			13.8
Major Maintenance Provision		117,863			41,786			(64.5	)		512,653			472,077			(7.9	)
Construction Costs		648,432			1,106,348			70.6			1,788,903			2,649,423			48.1
Concession Taxes		92,318			117,718			27.5			319,906			428,717			34.0
Technical Assistance Fee		40,729			51,610			26.7			133,558			177,667			33.0
Depreciation and Amortization		127,699			147,917			15.8			487,230			551,200			13.1
Other expenses (Revenues) - Net		(606	)		(1	)		(99.8	)		(1,278	)		(40	)		(96.9	)
Total Operating Costs and Expenses		1,404,370			1,916,643			36.5			4,609,621			5,870,282			27.3
Operating Income		1,275,396			1,748,915			37.1			4,110,389			6,064,486			47.5
Operating Margin (%)		47.6	%		47.7	%					47.1	%		50.8	%
Financing (Expense) Income:
Interest Income		49,535			55,529			12.1			129,479			171,312			32.3
Interest (Expense)		(142,783	)		(256,523	)		79.7			(516,676	)		(934,102	)		80.8
Exchange Gain (Loss) - Net		63,610			(3,659	)		n.a.			112,617			(8,871	)		n.a.
Total Financing (Expense) Income		(29,638	)		(204,653	)		590.5			(274,580	)		(771,661	)		181.0
Income before Taxes		1,245,758			1,544,262			24.0			3,835,809			5,292,825			38.0
Taxes - Cash		383,442			401,486			4.7			1,217,749			1,653,920			35.8
Taxes - Deferred		(153,237	)		7,754			n.a.			(245,570	)		(278,400	)		13.4
Income Tax		230,205			409,240			77.8			972,179			1,375,520			41.5
Consolidated Net Income		1,015,553			1,135,022			11.8			2,863,630			3,917,305			36.8
Other Comprehensive Income:
Actuarial Gains (Losses)		4,281			21,258			397			4,281			21,258			397
Deferred Tax Effect		(1,284	)		(6,377	)		397			(1,284	)		(6,377	)		397
Consolidated Comprehensive Income		1,018,550			1,149,903			12.9			2,866,627			3,932,186			37.2
Consolidated Net Income attributable to:
Non-Controlling Interest		2,556			5,110			99.9			6,365			16,338			156.7
Controlling Interest		1,012,997			1,129,912			11.5			2,857,265			3,900,967			36.5
Consolidated Comprehensive Income attributable to:
Non-Controlling Interest		2,556			5,110			99.9			6,365			16,338			156.7
Controlling Interest		1,015,994			1,144,793			12.7			2,860,262			3,915,848			36.9
Weighted Average Shares Outstanding		386,169,425			386,169,425						388,634,783			386,169,425
EPS (Ps.)		2.62			2.93			11.5			7.35			10.10			37.4
EPADS (US$)		1.03			1.20			17.2			2.87			4.15			44.4
EBITDA		1,403,095			1,896,832			35.2			4,597,619			6,615,686			43.9
EBITDA Margin (%)		52.4	%		51.7	%					52.7	%		55.4	%
Adjusted EBITDA		1,520,958			1,938,618			27.5			5,110,272			7,087,763			38.7
Adjusted EBITDA Margin (%)		74.9	%		75.8	%					73.7	%		76.3	%

13

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Unaudited Consolidated Cash Flow Statement

(Thousands of Pesos)

		From October 1 to December 31,			From January 1 to December 31,
		2021		2022		% Var.			2021		2022		% Var.
Operating Activities
Income Before Taxes		1,245,758			1,544,262			24.0			3,835,809			5,292,825			38.0
Depreciation and Amortization		127,699			147,916			15.8			487,230			551,200			13.1
Major Maintenance Provision		117,863			41,786			(64.5	)		512,653			472,077			(7.9	)
Doubtful Accounts Provision		(461	)		3,025			n.a.			645			4,711			630.0
(Profit) / Loss on Sales of Machinery and Equipment - Net		(607	)		(2	)		(99.7	)		(1,520	)		(40	)		(97.3	)
Interest Income		(49,535	)		(55,529	)		12.1			(129,479	)		(171,312	)		32.3
Items in Results Related to Financing Activities
Present Value of Major Maintenance Provision		36,192			46,983			29.8			114,137			174,870			53.2
Interest Expense		106,591			209,540			96.6			402,538			759,232			88.6
Exchange Fluctuation		(34,793	)		4,362			n.a.			(84,916	)		5,546			n.a.
		1,548,708			1,942,344			25.4			5,137,099			7,089,109			38.0
Changes in:
Trade Accounts Receivable - Net		(80,494	)		(67,136	)		(16.6	)		(252,672	)		(185,151	)		(26.7	)
Recoverable Taxes		(76,681	)		(14,032	)		(81.7	)		266,765			16,482			(93.8	)
Other Accounts Receivable		11,426			(191,347	)		n.a.			14,175			(215,714	)		n.a.
Accounts Payable		8,095			255,675			3,058.4			(32,374	)		126,296			n.a.
Taxes and Accrued Expenses		5,809			(41,583	)		n.a.			(98,515	)		27,868			n.a.
Taxes Paid		(141,277	)		(324,218	)		129.5			(491,542	)		(1,721,967	)		250.3
Accounts Payable to Related Parties		(928	)		58,789			n.a.			97,780			197,383			101.9
Major Maintenance Payments		(71,023	)		(63,921	)		(10.0	)		(203,042	)		(397,962	)		96.0
Other Long-Term Liabilities		10,051			9,564			(4.8	)		9,172			48,992			434.1
Net Flow from Operating Activities		1,213,686			1,564,135			28.9			4,446,845			4,985,336			12.1
Investment Activities
Acquisition of Property, Plant and Equipment		(28,229	)		(132,838	)		370.6			(101,333	)		(236,468	)		133.4
Investment in Airport Concessions		(579,793	)		(1,212,203	)		109.1			(1,824,557	)		(2,669,018	)		46.3
Other Long-Term Assets		-			(7,200	)		n.a.			-			(20,625	)		n.a.
Proceeds from Sale of Land, Machinery and Equipment		607			2			(99.7	)		1,520			40			(97.3	)
Interest income		49,535			55,529			12.1			129,479			171,312			32.3
Net Flow from Investing Activities		(557,881	)		(1,296,710	)		132.4			(1,794,892	)		(2,754,759	)		53.5
Cash Flow before Financing Activities		655,805			267,424			(59.2	)		2,651,953			2,230,578			(15.9	)
Financing Activities
Repurchase of Shares		-			-			n.a.			(474,852	)		-			(100.0	)
Debt Issuance		-			-			n.a.			3,500,000			4,000,000			14.3
Debt Issue - Paid		-			-			n.a.			(3,000,000	)		-			(100.0	)
Debt Issuance Expenses		-			(3,716	)		n.a.			(12,859	)		(14,076	)		9.5
Related-party Loans - Received		-			24,500			n.a.			-			39,200			n.a.
Related-party Loans - Paid		-			-			n.a.			(7,350	)		-			(100.0	)
Bank Loans - Received		2,700,000			1,200,000			(55.6	)		2,700,000			1,200,000			(55.6	)
Bank Loans - Paid		-			-			n.a.			(13,967	)		(2,700,000	)		19,231.3
Interest Expense		(94,182	)		(208,730	)		121.6			(364,324	)		(731,915	)		100.9
Dividends Paid		(1,979,790	)		-			(100.0	)		(1,979,790	)		(6,615,798	)		234.2
Payment of Financial Leases		(12,772	)		(13,595	)		6.4			(54,589	)		(53,185	)		(2.6	)
Net Cash Flow from Financing Activities		613,255			998,459			63			292,269			(4,875,774	)		n.a.
Net Increase (Reduction) in Cash and Cash Equivalents		1,269,060			1,265,883			(0	)		2,944,222			(2,645,197	)		n.a.
Effects of changes in the value of cash		34,322			(1,969	)		n.a.			84,138			(5,547	)		n.a.
Cash and Equivalents at Beginning of Period		4,683,782			2,072,506			(55.8	)		2,958,804			5,987,164			102.4
Cash and Equivalents at End of Period		5,987,164			3,336,420			(44.3	)		5,987,164			3,336,420			(44.3	)

14

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Unaudited Statement of Changes in Stockholders' Equity

As of December 31, 2021 (Thousand Pesos)

				Additional				Share				Non-			Total
		Number of			Capital stock			Paid-In			Retained			Repurchase			Labor			Controlling			Stockholder's
		Shares			Nominal			Capital			Earnings			Reserve			Obligations			Interest			Equity
Balance as of December 31, 2020		390,111,556			300,822			29,786			8,824,666			1,500,000			(4,933	)		175,906			10,826,247
Reissuance (Repurchase) of Shares - Net		(3,942,131	)		(3,040	)		-			-			(471,812	)		-			-			(474,852	)
Dividends Paid		-			-			-			(1,979,790	)		-			-			-			(1,979,790	)
Comprehensive Income (Loss)		-			-			-			2,857,265			-			2,997			6,365			2,866,627
Balance as of December 31, 2021		386,169,425			297,782			29,786			9,702,141			1,028,188			(1,936	)		182,271			11,238,232

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

As of December 31, 2022 (Thousand Pesos)

				Additional				Share				Non-			Total
		Number of			Capital stock			Paid-in			Retained			Repurchase			Labor			Controlling			Stockholder's
		Shares			Nominal			Capital			Earnings			Reserve			Obligations			Interest			Equity
Balance as of December 31, 2021		386,169,425			297,782			29,786			9,702,141			1,028,188			(1,936	)		182,271			11,238,232
Dividends Paid		-			-			-			(6,602,598	)		-			-			(13,200	)		(6,615,798	)
Increase in the Share Repurchase Reserve		-			-			-			(471,812	)		471,812			-			-			-
Comprehensive Income (Loss)		-			-			-			3,900,967			-			14,881			16,338			3,932,186
Balance as of December 30, 2022		386,169,425			297,782			29,786			6,528,698			1,500,000			12,945			185,409			8,554,620

15

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Unaudited Operating Results by Airport

(Thousands of Pesos)
Monterrey	4Q21	4Q22	2021	2022		Culiacán	4Q21	4Q22	2021	2022
Total Revenues	1,200,742	1,748,808	3,831,881	5,256,440		Total Revenues	205,708	237,061	722,328	949,713
Aeronautical Revenues	704,187	920,044	2,371,178	3,142,470		Aeronautical Revenues	158,023	200,387	573,506	754,160
Non- Aeronatical Revenues	154,936	184,890	551,744	699,763		Non- Aeronatical Revenues	14,389	18,228	57,560	67,591
Construction Revenues	341,619	643,875	908,960	1,414,207		Construction Revenues	33,296	18,446	91,262	127,961
Income from Operations	101,590	543,942	505,075	1,337,766		Income from Operations	26,637	97,467	109,181	284,813
EBITDA	138,272	591,594	647,228	1,506,361		EBITDA	32,302	103,625	131,623	308,987
Chihuahua		Ciudad Juárez
Total Revenues	159,994	185,060	531,015	712,122		Total Revenues	202,711	339,868	604,888	866,402
Aeronautical Revenues	126,351	151,749	419,027	546,445		Aeronautical Revenues	125,259	158,396	403,208	568,204
Non- Aeronatical Revenues	12,636	16,238	48,531	56,993		Non- Aeronatical Revenues	8,974	11,812	36,148	39,277
Construction Revenues	21,007	17,073	63,457	108,683		Construction Revenues	68,478	169,660	165,532	258,922
Income from Operations	27,114	34,872	79,272	210,624		Income from Operations	18,145	78,960	74,111	212,342
EBITDA	33,738	41,673	105,656	237,267		EBITDA	22,202	83,596	89,312	230,449
Mazatlán		Acapulco
Total Revenues	125,629	199,818	408,996	672,761		Total Revenues	79,896	101,037	273,969	390,219
Aeronautical Revenues	96,722	126,561	317,004	472,741		Aeronautical Revenues	53,292	69,100	196,631	275,301
Non- Aeronatical Revenues	12,490	16,153	46,368	57,766		Non- Aeronatical Revenues	8,111	9,367	33,250	38,444
Construction Revenues	16,417	57,104	45,625	142,254		Construction Revenues	18,493	22,570	44,088	76,474
Income from Operations	12,166	65,742	57,048	182,543		Income from Operations	10,604	33,356	41,483	106,615
EBITDA	17,003	71,112	76,302	203,542		EBITDA	22,092	45,179	87,177	153,374
Zihuatanejo		Other six airports
Total Revenues	86,493	90,810	289,102	342,865		Total Revenues	402,193	471,562	1,388,402	1,696,505
Aeronautical Revenues	40,022	52,230	137,018	219,411		Aeronautical Revenues	263,660	296,838	908,942	1,148,216
Non- Aeronatical Revenues	5,534	5,581	22,127	25,255		Non- Aeronatical Revenues	29,142	31,362	124,514	124,736
Construction Revenues	40,937	32,999	129,957	98,199		Construction Revenues	109,392	143,362	354,946	423,553
Income from Operations	11,578	24,219	26,664	85,484		Income from Operations	47,139	202,789	166,506	440,596
EBITDA	16,805	29,628	46,721	106,971		EBITDA	70,446	228,851	252,524	539,564
Consorcio Grupo Hotelero T2 (1)		Consorcio Hotelero Aeropuerto Monterrey (1)
Revenues	56,610	72,049	173,180	239,186		Revenues	18,363	25,639	52,900	94,153
Income from Operations	14,023	15,461	35,708	66,884		Income from Operations	4,398	5,394	5,789	24,652
EBITDA	26,532	30,706	77,762	112,531		EBITDA	7,246	8,271	17,326	36,410
OMA VYNMSA Aero Industrial Park
Revenues	18,752	23,801	68,294	81,863		(1) Includes results of other equity-method subsidiaries
Income from Operations	9,624	13,564	31,222	41,608
EBITDA	16,999	21,499	60,271	72,303

16

Notes to the Financial Information

Financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"), and presented in accordance with IAS 34 "Interim Financial Reporting." For more information, please refer to our Quarterly Financial Information submitted to the Mexican Stock Exchange (www.bmv.com.mx)

Unless stated otherwise, all comparisons of operating or financial results are made with respect to the comparable prior of 2021. The exchange rates used to convert foreign currency amounts were Ps.20.4672 as of December 31, 2021 and Ps.19.4715 as of December 31, 2022.

Construction revenue, construction cost: IFRIC 12 "Service Concession Arrangements" addresses how service concession operators should account for the obligations they undertake and rights they receive in service concession arrangements. The concession contracts for each of OMA's airport subsidiaries establishes that the concessionaire is obligated to carry out improvements to the infrastructure transferred in exchange for the rights over the concession granted by the Federal Government. The latter will receive all the assets at the end of the concession period. As a result, the concessionaire should recognize, using the percentage of completion method, the revenues and costs associated with the improvements to the concessioned assets. The amount of the revenues and costs so recognized should be the price that the concessionaire pays or would pay in an arm's length transaction for the execution of the works or the purchase of machinery and equipment, with no profit recognized for the construction or improvement. The application of IFRIC 12 does not affect operating income, net income, or EBITDA, but does affect calculations of margins based on total revenues.

Capital investments: includes investments in fixed assets (including investments in land, machinery, and equipment) and improvements to concessioned properties under the Master Development Plan (MDP) plus strategic investments.

Strategic Investments: Refers only to those capital investments additional to the Master Development Program.

Passengers and Terminal passengers: All references to passenger traffic volumes are to Terminal passengers, which includes passengers on the three types of aviation (commercial, charter, and general aviation), and excludes passengers in transit. The definition of terminal passengers of OMA may differ from the definition utilized by its shareholder VINCI Airports.

Adjusted EBITDA and Adjusted EBITDA margin: OMA defines Adjusted EBITDA as EBITDA less construction revenue plus construction expense and maintenance provision. We calculate the Adjusted EBITDA margin as Adjusted EBITDA divided by the sum of aeronautical revenue and non-aeronautical revenue. Construction revenue and construction cost do not affect cash flow generation and the maintenance provision corresponds to capital investments. OMA defines EBITDA as net income minus net comprehensive financing income, taxes, and depreciation and amortization. Neither Adjusted EBITDA nor EBITDA should be considered as an alternative to net income as an indicator of our operating performance, or as an alternative to cash flow as an indicator of liquidity. It should be noted that neither Adjusted EBITDA nor EBITDA is defined under IFRS, and may be calculated differently by different companies.

17

Analyst Coverage

In accordance with the requirements of the Mexican Stock Exchange, the analysts covering OMA are:

Company	Name	Company	Name
Actinver Casa de Bolsa	Ramón Ortiz	HSBC	Cenk Orçan
Bank of America Merrill Lynch	Alan Macías	Intercam Casa de Bolsa	Alejandra Marcos
Banorte-IXE	José Espitia	Insight Investment Research	Robert Crimes
Barclays Bank PLC	Pablo Monsiváis	J.P. Morgan	Guilherme Mendes
BBVA Bancomer	Montserrat Araujo	Morgan Stanley	Josh Milberg
Bradesco BBI	Rodolfo Ramos	Santander	Giovanni Bisogno
Citigroup	Stephen Trent	Scotiabank	Francisco Suárez
Goldman Sachs	Bruno Armorim	Signum Research	Lucía Tamez
Grupo Bursátil Mexicano (GBM)	Javier Gayol	UBS Brasil CCTVM	Alberto Valerio
Vector	Marco Montañez	BTG Pactual	Lucas Marquiori
Monex	José Solano	ITAÚ BBA	Alejandro Fuchs

This report may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current information and expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," "estimate," or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our most recent annual report filed on Form 20-F under the caption "Risk Factors." OMA undertakes no obligation to update publicly its forward-looking statements, whether as a result of new information, future events, or otherwise.

About OMA

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA's airports serve Monterrey, Mexico's third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection Hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,100 persons in order to offer passengers and clients airport and commercial services in facilities that comply with all applicable international safety and security measures. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). For more information, visit:

●	Webpage http://ir.oma.aero

●	Twitter http://twitter.com/OMAeropuertos

●	Facebook https://www.facebook.com/OMAeropuertos

18

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.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

By:	/s/ Ruffo Pérez Pliego
	Ruffo Pérez Pliego
	Chief Financial Officer

Dated February 16, 2023