ALEATICA INFORMS ABOUT THE EXECUTION OF THE FIRST AMENDMENT TO THE CONCESSION TITLE FOR THE CONSTRUCTION, EXPLOITATION, OPERATION, CONSERVATION AND MAINTENANCE OF ATIZAPÁN – ATLACOMULCO HIGH SPECIFICATIONS TOLL-ROAD.
Mexico City, January 31, 2022.- In relation to the Concession Title for the construction, exploitation, operation, conservation and maintenance of the Autopista de Altas Especificaciones “Atizapán-Atlacomulco”, (the “ATAT Highway”) dated April 25, 2014 (the “Concession Title”), granted by the Federal Government, through the Ministry of Infrastructure, Communications and Transportation (formerly the Ministry of Communications and Transportation) (the “Ministry”) in favor of Concesionaria AT-AT, S.A. de C.V. (the “Concessionaire”), a subsidiary of Aleatica S.A.B. de C.V. (“Aleatica” or the “Company”), Aleatica informs the market that:
Today, the Concessionaire was notified of the execution of the First Amendment to the Concession Title by the Ministry (the “First Amendment”) through the presentation of the corresponding formalized agreement.
Specifically, the changes agreed upon under the First Amendment include the following concepts:
1. Revenue sharing with the Federal Government when income exceeds established threshold. As part of the rebalancing, and in line with the efforts from the Federal Government to standardize criteria for revenue splits across concession titles above a set threshold, the First Amendment establishes that, once the highway begins operations, the Federal Government will be entitled to revenue splits above the threshold determined by the Concession Title, according to updated formulas and financial expectations established therein.
2. Financial rebalance of the Concession Title. The First Amendment foresees the financial rebalancing of the Concession Title through the extension of its validity for an additional ten years adding to the original 30-year period, for a total of 40 years, to reflect the impact of the investments made by the Concessionaire required to obtain the necessary right of way and allow the recovery of the additional investments carried out by the Concessionaire for the development of the project.
3. Recognized investments: the First Amendment recognizes additional investments for a value of $1,250 million pesos carried out by the Concessionaire to attend to supervening situations in the execution of the project, including the necessary allowance of right-of-way. The above in line with the National Development Plan 2019-2024 of the Federal Government, pursuant to which it seeks to encourage private investment, both national and foreign, and in compliance with the Concession Title and the applicable laws.
The amendments to the Concession Title agreed under the First Amendment do not affect the capability of the Concessionaire to comply with its obligations derived from the Concession Title and/or the financing to which it is a party.
About Aleatica, S.A.B. de C.V.
Aleatica, S.A.B. de C.V. is positioned as a relevant transport infrastructure operator in the industry within the metropolitan area of Mexico City, both for the number of concessions awarded and the miles of highways under management. Currently, Aleatica, S.A.B. de C.V. builds, manages, operates and maintains 7 toll roads and one airport. The highway and related infrastructure concessions are located in urban areas with high vehicular traffic in Mexico City, the State of Mexico and the State of Puebla. In the airport sector, Aleatica participates in the integral management of the second largest airport serving the Mexico City metropolitan area. For more information visit our web page www.aleatica.com.
