Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20546

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 August, 2024

Commission File Number: 333-221916

Corporación América Airports S.A.

(Name of Registrant)

128, Boulevard de la Pétrusse
L-2330 Luxembourg
Tel: +35226258274
(Address of Principal Executive Office)

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

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

SIGNATURES

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

Date: August 21, 2024

	Corporación América Airports S.A.

	By:	/s/ Andres Zenarruza
	Name:	Andres Zenarruza
	Title:	Head of Legal & Compliance

	By:	/s/ Jorge Arruda
	Name:	Jorge Arruda
	Title:	Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press release dated August 21, 2024 - Corporación América Airports S.A. Reports Second Quarter 2024 Results.

Exhibit 99.1

CORPORACION AMERICA AIRPORTS REPORTS SECOND QUARTER 2024 RESULTS

Consolidated Revenues, ex-IFRIC12 up 0.2% YoY, despite 5% traffic decline Ex-Natal

Diversified portfolio mitigated soft performance in Argentina

Strong cash position with Net Debt to LTM Adjusted EBITDA improving to 1.1x

Luxembourg, August 21, 2024— Corporación América Airports S.A. (NYSE: CAAP), (“CAAP” or the “Company”) one of the leading private airport operators in the world, reported today its unaudited, consolidated results for the three and six-month period ended June 30, 2024. Financial results are expressed in millions of U.S. dollars and are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (“IASB”).

Commencing 3Q18, the Company began reporting results of its Argentinean subsidiaries applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”), as detailed in Section “Hyperinflation Accounting in Argentina” on page 22.

Second Quarter 2024 Highlights

§	Consolidated Revenues ex-IFRIC12 of $366.1 million, increased 0.2% year-over-year (YoY), as the 2.9% decrease in Commercial Revenues was offset by a 3.2% increase in Aeronautical Revenues. Excluding rule IAS 29, consolidated revenues ex-IFRIC12 decreased 1.7% YoY to $363.3 million.

§	Key operating metrics:

7.8% decrease in passenger traffic to 18.2 million. Excluding Natal, passenger traffic decreased 5.4% YoY.

4.7% increase in cargo volume to 95.1 thousand tons.

9.5% decrease in aircraft movements, or 7.8%, excluding Natal.

§	Operating Income of $92.9 million, down from $110.4 million in 2Q23.

§	Adjusted EBITDA ex-IFRIC12 decreased 8.8% to $136.2 million, from $149.3 million in the year-ago period. Excluding rule IAS 29, Adjusted EBITDA ex-IFRIC12 decreased 10.3% to $134.6 million.

§	Adjusted EBITDA margin ex-IFRIC12 contracted to 37.2% from 40.9% in 2Q23, or to 37.0% from 40.6% when excluding rule IAS 29.

§	Strong cash position with Cash & Cash equivalents totaling $439.4 million as of June 2024.

§	Net debt to LTM Adjusted EBITDA improved to 1.1x as of June 30, 2024, from 1.4x as of December 31, 2023.

CEO Message

Commenting on the results for the quarter Mr. Martín Eurnekian, CEO of Corporación América Airports, noted: “Despite a mild decline in overall passenger traffic, our revenues remained resilient, thanks to our geographic diversification. This is reflected in our revenue per passenger ex-IFRIC12, which increased by 9% year-over-year, outpacing revenue growth and underpinning our ability to adapt to challenging market dynamics.

EBITDA ex-IFRIC12, declined by 9% year-over-year, primarily due to the impact of Argentina's macroeconomic dynamics on our domestic traffic, duty-free revenues, and operational expenses. Nonetheless, international traffic in Argentina performed well and we have also delivered strong performances in Italy and Uruguay, underscoring the strength of our operations in those regions.

We closed the quarter with a solid balance sheet and a favorable debt maturity profile. Our net leverage ratio reached another record low of 1.1x as of June 30, 2024, demonstrating our commitment to maintaining a disciplined capital structure.

On the strategic front, we remain engaged in negotiating a new $400 million Capex plan with the Armenian government and awaiting approval for the new master plan for Florence airport. Additionally, we remain active in assessing new expansion projects across various geographies, aligning with our strategic roadmap to pursue growth opportunities.

Looking ahead, we expect the positive dynamics in Uruguay and Italy to continue throughout the year. Moreover, recent open skies bilateral agreements concluded by Argentina with multiple countries open the opportunity for airlines to offer new routes and destinations to travel from/to Argentina, contributing to improved flexibility and dynamism in the country’s aeronautical activity.

In sum, our healthy balance sheet provides the financial flexibility to support our global growth initiatives while we navigate near-term challenges in Argentina and Brazil. We have the foundation in place and are confident about the long-term growth potential of our Company.”

Page 1 of 41

Operating & Financial Highlights

(In millions of U.S. dollars, unless otherwise noted)

	2Q24 as reported			2Q23 as reported			% Var as reported			IAS 29 2Q24			2Q24 ex IAS 29			2Q23 ex IAS 29			% Var ex IAS 29
Passenger Traffic (Million Passengers)		18.2			19.7			-7.8	%					18.2			19.7			-7.8	%
Revenue		416.2			422.7			-1.5	%		4.1			412.1			428.6			-3.8	%
Aeronautical Revenues		193.7			187.7			3.2	%		0.4			193.2			190.1			1.6	%
Non-Aeronautical Revenues		222.6			235.0			-5.3	%		3.7			218.9			238.5			-8.2	%
Revenue excluding construction service		366.1			365.5			0.2	%		2.8			363.3			369.6			-1.7	%
Operating Income / (Loss)		92.9			110.4			-15.9	%		-21.0			113.9			130.5			-12.7	%
Operating Margin		22.3	%		26.1	%		-382			0.0	%		27.6	%		30.5	%		-282
Net (Loss) / Income Attributable to Owners of the Parent		50.2			69.8			-28.0	%		-7.6			57.8			46.6			24.0	%
EPS (US$)		0.31			0.43			-28.1	%		-0.05			0.36			0.29			23.9	%
Adjusted EBITDA		136.4			150.9			-9.6	%		1.6			134.8			151.6			-11.1	%
Adjusted EBITDA Margin		32.8	%		35.7	%		-294			-			32.7	%		35.4	%		-267
Adjusted EBITDA Margin excluding Construction Service		37.2	%		40.9	%		-367			-			37.0	%		40.6	%		-356
Net Debt to LTM Adjusted EBITDA		1.1	x		1.8	x		-			-			-			-			-
Net Debt to LTM Adjusted EBITDA excl. impairment on intangible assets ⁽¹⁾		1.3	x		1.8	x		-			-			-			-			-

Note: Figures in historical dollars (excluding IAS29) are included for comparison purposes.

LTM Adjusted EBITDA excluding impairments of intangible assets.

Operating & Financial Highlights

(In millions of U.S. dollars, unless otherwise noted)

	6M24 as reported			6M23 as reported			% Var as reported			IAS 29 6M24		6M24 ex IAS 29			6M23 ex IAS 29			% Var ex IAS 29
Passenger Traffic (Million Passengers)		37.2			38.2			-2.7	%				37.2			38.2			-2.7	%
Revenue		880.4			809.4			8.8	%		55.8		824.6			815.2			1.1	%
Aeronautical Revenues		431.8			375.6			15.0	%		29.7		402.0			377.5			6.5	%
Non-Aeronautical Revenues		448.7			433.8			3.4	%		26.1		422.6			437.7			-3.5	%
Revenue excluding construction service		784.9			718.0			9.3	%		50.3		734.6			720.6			1.9	%
Operating Income / (Loss)		227.7			213.8			6.5	%		-18.6		246.4			250.1			-1.5	%
Operating Margin		25.9	%		26.4	%		-55			-		29.9	%		30.7	%		-80
Net (Loss) / Income Attributable to Owners of the Parent		219.9			102.1			115.4	%		76.8		143.1			53.0			169.9	%
EPS (US$)		1.37			0.63			115.3	%		0.48		0.89			0.33			169.8	%
Adjusted EBITDA		313.0			293.4			6.7	%		25.7		287.3			292.8			-1.9	%
Adjusted EBITDA Margin		35.5	%		36.2	%		-70			-		34.8	%		35.9	%		-109
Adjusted EBITDA Margin excluding Construction Service		39.7	%		40.6	%		-83			-		39.0	%		40.4	%		-138
Net Debt to LTM Adjusted EBITDA		1.1	x		1.8	x		-			-		-			-			-
Net Debt to LTM Adjusted EBITDA excl. impairment on intangible assets ⁽¹⁾		1.3	x		1.8	x		-			-		-			-			-

Note: Figures in historical dollars (excluding IAS29) are included for comparison purposes.

LTM Adjusted EBITDA excluding impairments of intangible assets.

Page 2 of 41

2Q24 Operating Performance

Passenger Traffic

Total passenger traffic declined by 7.8% year-over-year (YoY) to 18.2 million passengers, or 5.4% when adjusted for the discontinuation of the Natal airport, effective February 19, 2024, as part of a friendly termination process agreed upon with the Brazilian government. Domestic passenger traffic decreased by 18.4% YoY, or 14.8% when excluding Natal, primarily due to weaker performances in Argentina and, to a lesser extent, Brazil and Ecuador. However, international traffic increased by 8.0%, mainly driven by strong performances in Italy, Argentina, and Uruguay.

Passenger traffic in Argentina declined by 11.6% YoY, primarily due to weaker performance in domestic traffic, partially offset by international travel growth. Domestic traffic declined 19.0% YoY, reflecting a difficult comparison as travel demand last year benefited from incentives provided by the 'Previaje' government program aimed at boosting domestic tourism, which did not take place this year. Moreover, traffic this quarter was impacted by the temporary suspension of several routes operated by Aerolíneas Argentinas (AA) and some flight cancellations by both AA and Flybondi, together with the prevailing recession in the country. By contrast, international passenger traffic continued to benefit from the gradual resumption of routes and frequencies, increasing by 9.3% YoY in the second quarter. During the quarter, Avianca inaugurated a new route from Ezeiza to Medellin, and ITA Airways increased the frequency of its route from Ezeiza to Rome.

In Italy, passenger traffic increased by 14.3% YoY to 2.6 million passengers. International traffic, which accounted for over 80% of total traffic, increased by 16.6% YoY, supported by strong performances at both Pisa and Florence airports. Domestic passenger traffic increased by 5.6% YoY, driven by a 23.8% increase at Florence airport, partially offset by a slight decline of 0.4% at Pisa airport.

In Brazil, total passenger traffic decreased by 14.9% YoY, or by 3.4% YoY, when adjusting for the discontinuation of Natal Airport. Domestic traffic, which accounted for almost 60% of total traffic, was down 22.0% YoY, or 5.4% when excluding Natal, while transit passengers were down 1.1% YoY. Traffic in Brazil remained heavily impacted by financial and aircraft constraints in some local airlines, causing a lack of supply. As a reminder, following the friendly termination process concluded in February 2024, effective February 19, 2024 CAAP no longer operates Natal Airport. Therefore, statistics for Natal are available up to February 18, 2024.

In Uruguay, where activity is mainly international, passenger traffic increased by 11.2% YoY to 0.5 million, despite a difficult comparison due to the Easter holiday falling in April last year. During the quarter, traffic was boosted by new routes and increased frequencies. JetSMART Airlines inaugurated a new route between Montevideo and Buenos Aires with two daily frequencies starting on May 29, while SKY Airline increased the frequency of its Montevideo to Lima route in May.

Passenger traffic in Armenia decreased by 2.9% YoY to 1.3 million passengers against a strong performance in 2023, which benefited from the introduction of new airlines and a higher number of flight frequencies.

In Ecuador, total passenger traffic decreased by 5.5% YoY to 1.2 million passengers, as higher international traffic was more than offset by a weak performance in domestic travel. International passenger traffic increased by 3.9% YoY, while domestic traffic decreased by 13.4% YoY, mainly driven by the exit of local airline Equair in October 2023 and national insecurity issues.

Cargo Volume

Cargo volume increased by 4.7% YoY in the second quarter of 2024, with significant contributions from Argentina, Ecuador, and Armenia. Together, these countries accounted for more than 70% of the total volume, with YoY increases of 5.9%, 22.2%, and 6.1%, respectively.

Aircraft Movements

Total aircraft movements decreased by 9.5% YoY in the second quarter of 2024, with declines in all countries except Italy, where aircraft movements increased by 8.9% YoY. Argentina, Brazil, and Italy together accounted for more than 80% of total aircraft movements during the quarter.

Tables with detailed passenger traffic, cargo volume and aircraft movement information for each airport can be found on page 35 of this report.

Page 3 of 41

Operational Statistics: Passenger Traffic, Cargo Volume and Aircraft Movements

	2Q24		2Q23		% Var. ('24 vs '23)
Domestic Passengers (in thousands)		9,107		11,155		-18.4	%
International Passengers (in thousands)		7,485		6,928		8.0	%
Transit Passengers (in thousands)		1,600		1,645		-2.7	%
Total Passengers (in thousands)		18,193		19,728		-7.8	%
Cargo Volume (in thousands of tons)		95.1		90.8		4.7	%
Total Aircraft Movements (in thousands)		194.5		214.9		-9.5	%

Passenger Traffic Breakdown								Cargo Volume							Aircraft Movements
Country	2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.

	(thousands)							(tons)
Argentina		9,070		10,262		-11.6	%		49,863		47,065		5.9	%		100,608		112,786		-10.8	%
Italy		2,646		2,314		14.3	%		3,244		3,374		-3.8	%		24,527		22,522		8.9	%
Brazil		3,508		4,122		-14.9	%		15,491		15,487		0.0	%		34,250		40,944		-16.3	%
Uruguay		481		433		11.2	%		8,321		8,969		-7.2	%		6,847		7,376		-7.2	%
Ecuador ⁽¹⁾		1,174		1,243		-5.5	%		9,800		8,019		22.2	%		18,417		20,025		-8.0	%
Armenia		1,314		1,353		-2.9	%		8,344		7,863		6.1	%		9,871		11,231		-12.1	%
TOTAL		18,193		19,728		-7.8	%		95,062		90,776		4.7	%		194,520		214,884		-9.5	%

CAAP owns 99.9% of ECOGAL, which operates and maintains the Galapagos Airport, but due to the terms of the concession agreement, ECOGAL’s results are accounted for by the equity method. However, 100% of ECOGAL’s passenger traffic and aircraft movements are included in this table.

Page 4 of 41

Review of Consolidated Results

Results for ECOGAL, which operates the Galapagos Airport in Ecuador, are accounted for under the equity method.

Revenues

Consolidated Revenues decreased by 1.5% YoY to $416.2 million in 2Q24. Excluding Construction Services and the impact of IAS 29, revenues decreased by 1.7% YoY to $363.3 million. This was mainly driven by higher aeronautical and commercial revenues in Uruguay and Italy, which were more than offset by lower commercial revenues in Argentina, particularly Duty Free and Cargo revenues.

The following table shows revenue performance by country. More detail on the performance of CAAP´s countries of operations can be found on page 11.

Revenues by Segment (in US$ million)

Country	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Argentina		224.8		240.3		-6.5	%		4.1		220.7		246.2		-10.4	%
Italy		35.3		33.9		4.0	%		-		35.3		33.9		4.0	%
Brazil		26.8		27.3		-1.5	%		-		26.8		27.3		-1.5	%
Uruguay		42.8		36.1		18.6	%		-		42.8		36.1		18.6	%
Armenia		59.3		59.1		0.4	%		-		59.3		59.1		0.4	%
Ecuador ⁽¹⁾		27.1		25.9		4.7	%		-		27.1		25.9		4.7	%
Unallocated		0.2		0.2		-12.3	%		-		0.2		0.2		-12.3	%
Total consolidated revenue ⁽²⁾		416.2		422.7		-1.5	%		4.1		412.1		428.6		-3.8	%

1 Only includes Guayaquil Airport.

2 Excluding Construction Service revenue, ‘As reported’ revenues decreased 4.1% YoY in Argentina (or 7.4% excluding IAS29), 2.3% in Brazil and 2.3% in Armenia; and increased 15.0% in Italy, 17.3% in Uruguay and 4.5% in Ecuador.

Revenue Breakdown (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Aeronautical Revenue		193.7		187.7		3.2	%		0.4		193.2		190.1		1.6	%
Non-aeronautical Revenue		222.6		235.0		-5.3	%		3.7		218.9		238.5		-8.2	%
Commercial revenue		171.4		176.5		-2.9	%		2.3		169.1		178.1		-5.1	%
Construction service revenue ⁽¹⁾		50.1		57.2		-12.4	%		1.3		48.8		59.0		-17.3	%
Other revenue		1.0		1.3		-25.6	%		0.0		1.0		1.3		-25.6	%
Total Consolidated Revenue		416.2		422.7		-1.5	%		4.1		412.1		428.6		-3.8	%
Total Revenue excluding Construction Service revenue ⁽²⁾		366.1		365.5		0.2	%		2.8		363.3		369.6		-1.7	%

1 Construction Service revenue equals the construction or upgrade costs plus a reasonable margin.

2 Excludes Construction Service revenue.

Page 5 of 41

Aeronautical Revenues accounted for 46.5% of total revenues, increasing by 3.2% YoY to $193.7 million, or 1.6% YoY to $193.2 million when excluding the effects of IAS 29. This increase was mainly driven by higher passenger use fees and aircraft fees in Uruguay and Italy, where aeronautical revenues rose by 20.8% and 15.5% respectively, following increased YoY passenger traffic. In Argentina, aeronautical revenues increased by 1.2%, or declined by 1.6% excluding IAS 29, and rose by 5.0% in Ecuador due to higher tariffs. Conversely, aeronautical revenues in Brazil and Armenia decreased by 14.8% and 1.7% YoY, respectively, in line with declines in passenger traffic.

Non-Aeronautical Revenues accounted for 53.5% of total revenues and decreased by 5.3% YoY to $222.6 million, or by 8.2% YoY to $218.9 million when excluding the impact of IAS 29. Commercial revenues decreased by 2.9%, or $5.0 million, as lower Warehouse use fees (Cargo) and Duty-free revenues in Argentina more than offset improvements in VIP lounges, Advertising, and Rental of space. Construction service revenue decreased by 12.4%, or $7.1 million, mainly due to lower capital expenditures in Argentina.

Operating Costs and Expenses

In 2Q24, Total Costs and Expenses, excluding Construction Service Costs, increased 5.8% YoY to $280.9 million, or 3.0% to $257.1 when excluding IAS 29. This increase was mainly driven by higher Maintenance expenses, primarily in Argentina, combined with higher Amortization and depreciation, and SG&A expenses.

Cost of Services increased 2.2% YoY to $286.1 million, or decreased 1.6% to $261.3 million when excluding the impact of rule IAS29, mainly as a result of the following increases:

§	24.0%, or $7.9 million, in Maintenance expenses,

§	7.1%, or $2.8 million, in Amortization and depreciation, and

§	6.6%, or $1.1 million, in Services and fees.

This was partially offset by a decline in Construction service costs reflecting lower Capex, combined with reduced Cost of fuel, mainly in Armenia.

Excluding Construction service costs, Cost of services increased 5.3% YoY to $236.2 million, or 2.2% to $212.7 million excluding IAS 29, mainly reflecting the aforementioned increases in Maintenance expenses, A&D and Services and fees.

Selling, General and Administrative Expenses (“SG&A”) increased 9.0% YoY, to $43.8 million in 2Q24, mainly as a result of higher Services and fees and Advertising expenses. Excluding the impact of rule IAS 29, SG&A expenses increased 7.2% to $43.4 million.

Other Expenses remained flat YoY at $1.0 million in 2Q24.

Costs and Expenses (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Cost of Services		286.1		280.0		2.2	%		24.8		261.3		265.5		-1.6	%
Salaries and social security contributions		57.4		56.1		2.4	%		0.0		57.5		57.5		0.0	%
Concession fees		47.3		47.3		0.0	%		0.2		47.2		48.1		-1.9	%
Construction service cost		49.9		55.6		-10.3	%		1.3		48.6		57.4		-15.4	%
Maintenance expenses		40.7		32.8		24.0	%		0.8		39.9		33.3		19.8	%
Amortization and depreciation		41.8		39.0		7.1	%		22.4		19.4		19.8		-1.9	%
Other		48.9		49.0		-0.4	%		0.1		48.8		49.5		-1.5	%
Cost of Services Excluding Construction Service cost		236.2		224.3		5.3	%		23.4		212.7		208.2		2.2	%
Selling, general and administrative expenses		43.8		40.2		9.0	%		0.4		43.4		40.5		7.2	%
Other expenses		1.0		1.0		0.7	%		0.0		1.0		1.0		-1.3	%
Total Costs and Expenses		330.8		321.1		3.0	%		25.2		305.7		307.0		-0.4	%
Total Costs and Expenses Excluding Construction Service cost		280.9		265.5		5.8	%		23.8		257.1		249.7		3.0	%

Page 6 of 41

Adjusted EBITDA and Adjusted EBITDA excluding Construction Service

During 2Q24, CAAP reported an Adjusted EBITDA of $136.4 million and an Adjusted EBITDA ex-IFRIC12 of $136.2 million, declining from $149.3 million in the year-ago period. Strong contributions from Italy and Uruguay helped partially offset Argentina’s year-over-year underperformance, mainly impacted by a decrease in Domestic passenger traffic, lower Duty-free revenues, and an inflation rate above currency devaluation, which exerted pressure on EBITDA levels. Excluding the impact of IFRS rule IAS 29, Adjusted EBITDA ex-IFRIC12 decreased 10.3% YoY to $134.6 million. Adjusted EBITDA margin, ex-IFRIC12, contracted 3.7 percentage points to 37.2% from 40.9% in 2Q23, or 3.6 percentage points to 37.0% from 40.6%, when also excluding IAS 29, as margin expansion in Italy, Uruguay, Armenia and Brazil, was more than offset by lower margin in Argentina and Ecuador.

Adjusted EBITDA by Segment (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Argentina		69.0		88.9		-22.4	%		1.6		67.4		89.6		-24.8	%
Italy		13.3		10.4		27.0	%		-		13.3		10.4		27.0	%
Brazil		11.4		11.6		-2.4	%		-		11.4		11.6		-2.4	%
Uruguay		12.2		9.5		27.8	%		-		12.2		9.5		27.8	%
Armenia		24.5		24.5		0.2	%		-		24.5		24.5		0.2	%
Ecuador		8.2		8.1		1.0	%		-		8.2		8.1		1.0	%
Unallocated		-2.1		-2.0		2.0	%		-		-2.1		-2.0		2.0	%
Total segment EBITDA		136.4		150.9		-9.6	%		1.6		134.8		151.6		-11.1	%

Adjusted EBITDA Reconciliation to Income from Continuing Operations (in US$ million)

	2Q24 as reported			2Q23 as reported			% Var as reported			IAS 29		2Q24 ex IAS 29			2Q23 ex IAS 29			% Var ex IAS 29
Income from Continuing Operations		54.5			80.8			-32.6	%		-7.6		62.1			57.7			7.6	%
Financial Income		-17.6			-18.1			-2.8	%		7.0		-24.5			-38.3			-35.9	%
Financial Loss		8.7			38.4			-77.3	%		-79.5		88.2			197.3			-55.3	%
Inflation adjustment		1.6			10.8			-85.5	%		2.8		-1.2			0.0			8428.9	%
Income Tax Expense		45.6			-1.6			-2881.4	%		56.3		-10.7			-86.2			-87.6	%
Amortization and Depreciation		43.6			40.6			7.4	%		22.6		20.9			21.2			-1.2	%
Adjusted EBITDA		136.4			150.9			-9.6	%		1.6		134.8			151.6			-11.1	%
Adjusted EBITDA Margin		32.8	%		35.7	%		-294			-		32.7	%		35.4	%		-267
Adjusted EBITDA excluding Construction Service		136.2			149.3			-8.8	%		1.6		134.6			150.0			-10.3	%
Adjusted EBITDA Margin excluding Construction Service		37.2	%		40.9	%		-367			-		37.0	%		40.6	%		-356

Page 7 of 41

Financial Income and Loss

CAAP reported a Net financial Income of $7.3 million in 2Q24 compared to a loss of $31.2 million in 2Q23. This improvement was mainly driven by higher year-over-year foreign exchange transaction gains in Argentina, due to the impact of lower devaluation than inflation on the net liability monetary position, combined with a positive variance in inflation adjustment. This was partially offset by slightly higher net interest expenses. Had IAS 29 not been applied, CAAP would have reported a net financial loss of $62.5 million in 2Q24, compared to a loss of $158.9 million in the year-ago period.

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Financial Income		17.6		18.1		-2.8	%		-7.0		24.5		38.3		-35.9	%
Interest income		12.8		14.8		-13.6	%		0.0		12.8		15.1		-15.8	%
Foreign exchange income		0.2		0.3		-34.2	%		-7.0		7.2		20.2		-64.4	%
Other		4.6		3.0		53.4	%		0.0		4.6		3.0		53.4	%
Inflation adjustment		-1.6		-10.8		-85.5	%		-2.8		1.2		0.0		8,428.9	%
Inflation adjustment		-1.6		-10.8		-85.5	%		-2.8		1.2		0.0		8,428.9	%
Financial Loss		-8.7		-38.4		-77.3	%		79.5		-88.2		-197.3		-55.3	%
Interest Expenses		-25.4		-27.2		-6.6	%		-0.1		-25.3		-27.0		-6.1	%
Foreign exchange transaction expenses		40.8		13.0		214.4	%		79.6		-38.9		-146.2		-73.4	%
Changes in liability for concessions		-21.2		-22.2		-4.2	%		-		-21.2		-22.2		-4.2	%
Other expenses		-2.8		-2.1		38.7	%		0		-2.8		-2.0		44.6	%
Financial Loss, Net		7.3		-31.2		-123.4	%		69.8		-62.5		-158.9		-60.7	%

See “Use of Non-IFRS Financial Measures” on page 22.

Income Tax Expense

During 2Q24, the Company reported an income tax expense of $45.6 million versus a benefit of $1.6 million in 2Q23. Excluding the impact of IAS 29, CAAP reported an income tax benefit of $10.7 million in 2Q24, compared to a tax benefit of $86.2 million in the year-ago quarter.

Net Income and Net Income Attributable to Owners of the Parent

During 2Q24, CAAP reported Net Income of $54.5 million, compared to $80.8 million in 2Q23. This decrease was primarily driven by lower operating income and higher income tax expenses, partially offset by the aforementioned year-over-year increase in foreign exchange net gains and, to a lesser extent, a positive variation in inflation adjustment results.

In 2Q24, the Company reported Net Income Attributed to Owners of the Parent of $50.2 million and earnings per common share of $0.31, compared with Net Income Attributable to Owners of the Parent of $69.8 million in 2Q23, equivalent to earnings per common share of $0.43.

Consolidated Financial Position

As of June 30, 2024, cash and cash equivalents amounted to $439.4 million, a decrease of 6.5% from the $469.8 million reported as of March 31, 2024, and an increase of 18.8% from the $369.8 million reported as of December 31, 2023. Total liquidity as of June 30, 2024, which includes cash and cash equivalents as well as other current financial assets, totaled $548.5 million, compared to $545.1 million as of March 31, 2024, and $457.9 million as of December 31, 2023.

Total Debt at the close of 2Q24 decreased 8.3%, or $110.9 million, to $1,222.4 million, from $1,333.2 million as of December 31, 2023, mainly due to debt reductions in Argentina, Brazil and Italy. A total of $883.4 million, or 72.3% of total debt is denominated in U.S. dollars, while $180.9 million, or 14.8% is denominated in Brazilian Reals, and $158.1 million, or 12.9%, is in Euros.

The Net Debt to LTM Adjusted EBITDA ratio improved to 1.1x as of June 30, 2024, down from 1.4x as of December 2023, reflecting Adjusted EBITDA growth driven by strong revenue performance, as well as reduced net debt levels. Excluding impairment of intangible assets, the Net Debt to LTM Adjusted EBITDA ratio stood at 1.3x. As of June 30, 2024, all of CAAP’s subsidiaries were in compliance with their covenants.

Page 8 of 41

Consolidated Debt Indicators (in US$ million)

	As of Jun 30, 2024			As of Dec 31, 2023
Leverage
Total Debt / LTM Adjusted EBITDA (Times)^1,3		1.78	x		1.97	x
Total Net Debt / LTM Adjusted EBITDA (Times) ^{2,3, 4}		1.14	x		1.42	x
Total Net Debt / LTM Adjusted EBITDA (Times) ^2,3,5		1.34	x		1.68	x
Total Debt		1,222.4			1,333.2
Short-Term Debt		150.6			199.7
Long-Term Debt		1,071.8			1,133.5
Cash & Cash Equivalents		439.4			369.8
Total Net Debt³		783.0			963.4

1 The Total Debt to EBITDA Ratio is calculated as CAAP’s interest-bearing liabilities divided by its EBITDA.

2 The Total Net Debt to EBITDA Ratio is calculated as CAAP’s interest-bearing liabilities minus Cash & Cash Equivalents, divided by its EBITDA.

3 The Total Net Debt is calculated as Total Debt minus Cash & Cash Equivalents.

4 LTM Adjusted EBITDA as of June 30, 2024 was $686.5 million.

5 LTM Adjusted EBITDA excluding impairment of intangible assets as of June 30, 2024 was $583.6 million.

Total Debt by Segment (in US$ million)

	As of Jun 30, 2024		As of Dec 31, 2023
Argentina		610.4		646.1
Italy ⁽¹⁾		158.1		179.2
Brazil ⁽²⁾		180.9		213.9
Uruguay ⁽³⁾		264.9		269.8
Armenia		-		13.2
Ecuador		8.1		11.0
Total		1,222.4		1,333.2

¹Of which approximately $94.0 million remain at Toscana Aeroporti level.

²At Inframérica Concessionaria do Aeroporto de Brasilia level.

³Of which approximately $247.4 million remain at ACI Airport Sudamérica SAU.

Page 9 of 41

Maturity of borrowings:

		1 year or less				1 – 2 years				2 – 5 years				Over 5 years				Total
Debt service ⁽¹⁾			240.9				188.9				557.0				702.5				1,689.4

¹The amounts disclosed in the table are undiscounted cash flows of principal and estimated interest. Variable interest rate cash flows have been estimated using variable interest rates applicable at the end of the reporting period.

Maturity of borrowings – Breakdown by segment (in USD) as of June 30, 2024:

Segment		Currency	1 year or less		1 – 2 years		2 – 5 years		Over 5 years		Total
Argentina	Principal	USD		63.6		78.4		247.8		229.5		619.3
	Interest	USD		42.3		38.4		85.5		22.3		188.5
Italy	Principal	EUR		64.2		-		8.5		87.2		159.9
	Interest	EUR		7.9		6.3		18.4		5.5		38.2
Brazil	Principal	R$		11.3		12.7		47.8		108.5		180.2
	Interest	R$		16.9		15.7		38.8		25.8		97.3
Uruguay	Principal	USD		10.6		16.9		64.6		182.7		274.9
	Interest	USD		18.4		17.7		45.6		40.9		122.5
Ecuador	Principal	USD		5.2		2.7		-		-		7.9
	Interest	USD		0.5		0.1		-		-		0.7
Total				240.9		188.9		557.0		702.5		1,689.4

Cash & Cash Equivalent by Segment (in US$ million)

	As of Jun 30, 2024		As of Dec 31, 2023
Argentina		114.1		91.2
Italy ⁽¹⁾		23.0		34.8
Brazil ⁽²⁾		70.5		65.8
Uruguay		38.2		35.9
Armenia		29.1		39.0
Ecuador		5.7		16.1
Intermediate holding Companies		158.8		86.9
Total		439.4		369.8

1 Of which approximately $20.8 million remain at Toscana Aeroporti level.

2 Of which approximately $66.7 million remain at Inframérica Concessionaria do Aeroporto de Brasilia level.

CAPEX

During 2Q24, CAAP made capital expenditures of $57.0 million, a 9.1% YoY decrease from $62.7 million in 2Q23. Excluding IAS 29, capital expenditures amounted to $56.9 million in the quarter, with Argentina and Uruguay accounting for 73% and 15%, respectively. The latter included investments related to the airports incorporated through the extension of the Puerta del Sur concession agreement in November 2021.

Page 10 of 41

Review of Segment Results

Argentina

Starting in 3Q18, reported numbers are presented applying Hyperinflation accounting for the Company’s Argentinean subsidiaries, in accordance with IAS 29, as explained above. The following table presents the impact from Hyperinflation accounting under the column ‘IAS 29’, while the columns indicated with “ex IAS 29” present results calculated without the impact from Hyperinflation accounting. The impact of IAS 29 is presented only for Aeropuertos Argentina (AA), the Company’s largest subsidiary in Argentina, which accounted for over 95% of passenger traffic, revenues and Adjusted EBITDA of the Argentina segment in 2Q24.

	2Q24 as reported			2Q23 as reported			% Var as reported			IAS 29		2Q24 ex IAS 29			2Q23 ex IAS 29			% Var ex IAS 29
OPERATING STATISTICS
Domestic Passengers (in millions) ⁽¹⁾		5.9			7.3			-19.0	%				5.9			7.3			-19.0	%
International Passengers (in millions) ⁽¹⁾		2.8			2.6			9.3	%				2.8			2.6			9.3	%
Transit Passengers (in millions) ⁽¹⁾		0.3			0.3			-11.1	%				0.3			0.3			-11.1	%
Total Passengers (in millions) ⁽¹⁾		9.1			10.3			-11.6	%				9.1			10.3			-11.6	%
Cargo Volume (in thousands of tons)		49.9			47.1			5.9	%				49.9			47.1			5.9	%
Total Aircraft Movements (in thousands)		100.6			112.8			-10.8	%				100.6			112.8			-10.8	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		103.6			102.4			1.2	%		0.4		103.1			104.8			-1.6	%
Non-aeronautical revenue		121.2			137.9			-12.1	%		3.7		117.5			141.3			-16.8	%
Commercial revenue		84.1			93.2			-9.8	%		2.3		81.8			94.9			-13.8	%
Construction service revenue		37.1			44.7			-17.0	%		1.3		35.7			46.4			-23.0	%
Total Revenue		224.8			240.3			-6.5	%		4.1		220.7			246.2			-10.4	%
Total Revenue Excluding IFRIC12⁽²⁾		187.7			195.6			-4.1	%		2.8		184.9			199.8			-7.4	%
Cost of Services		164.5			158.9			3.5	%		24.8		139.7			144.5			-3.3	%
Selling, general and administrative expenses		20.6			20.2			2.4	%		0.4		20.3			20.5			-1.2	%
Other expenses		0.6			0.5			18.4	%		0.0		0.6			0.5			13.9	%
Total Costs and Expenses		185.7			179.6			3.4	%		25.2		160.6			165.5			-3.0	%
Total Costs and Expenses Excluding IFRIC12⁽³⁾		148.7			135.0			10.2	%		23.8		124.9			119.2			4.8	%
Adjusted Segment EBITDA		69.0			88.9			-22.4	%		1.6		67.4			89.6			-24.8	%
Adjusted Segment EBITDA Mg		30.7	%		37.0	%		-631			-		30.5	%		36.4	%		-586
Adjusted EBITDA Margin excluding IFRIC 12⁽⁴⁾		36.7	%		45.4	%		-870			-		36.4	%		44.8	%		-842
Capex		41.8			45.5			-8.3	%		0.1		41.6			47.3			-11.9	%

1)	See Note 1 in Table "Operating & Financial Highlights”.
2)	Excludes Construction Service revenue.
3)	Excludes Construction Service cost.
4)	Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession, and is calculated by dividing EBITDA by total revenues less Construction Service revenue.

Page 11 of 41

	6M24 as reported			6M23 as reported			% Var as reported			IAS 29		6M24 ex IAS 29			6M23 ex IAS 29			% Var ex IAS 29
OPERATING STATISTICS
Domestic Passengers (in millions) ⁽¹⁾		12.9			14.3			-9.6	%				12.9			14.3			-9.6	%
International Passengers (in millions) ⁽¹⁾		6.3			5.6			12.7	%				6.3			5.6			12.7	%
Transit Passengers (in millions) ⁽¹⁾		0.7			0.7			2.6	%				0.7			0.7			2.6	%
Total Passengers (in millions) ⁽¹⁾		19.9			20.5			-3.2	%				19.9			20.5			-3.2	%
Cargo Volume (in thousands of tons)		94.1			90.7			3.8	%				94.1			90.7			3.8	%
Total Aircraft Movements (in thousands)		214.6			223.1			-3.8	%				214.6			223.1			-3.8	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		255.6			216.8			17.9	%		29.7		225.9			218.7			3.3	%
Non-aeronautical revenue		255.4			251.7			1.5	%		26.1		229.3			255.6			-10.3	%
Commercial revenue		180.7			177.7			1.7	%		20.5		160.2			178.3			-10.2	%
Construction service revenue		74.6			74.0			0.9	%		5.5		69.1			77.2			-10.5	%
Total Revenue		511.0			468.5			9.1	%		55.8		455.1			474.3			-4.0	%
Total Revenue Excluding IFRIC12⁽²⁾		436.3			394.5			10.6	%		50.3		386.0			397.1			-2.8	%
Cost of Services		337.8			302.1			11.8	%		70.4		267.4			271.5			-1.5	%
Selling, general and administrative expenses		45.0			39.8			13.2	%		4.8		40.2			40.0			0.6	%
Other expenses		2.7			1.0			171.5	%		0.5		2.2			1.0			116.7	%
Total Costs and Expenses		385.6			342.8			12.5	%		75.7		309.9			312.5			-0.8	%
Total Costs and Expenses Excluding IFRIC12⁽³⁾		311.1			268.9			15.7	%		70.2		240.9			235.4			2.4	%
Adjusted Segment EBITDA		185.4			180.5			2.7	%		25.7		159.7			180.0			-11.3	%
Adjusted Segment EBITDA Mg		36.3	%		38.5	%		-225			-		35.1	%		37.9	%		-286
Adjusted EBITDA Margin excluding IFRIC 12⁽⁴⁾		42.5	%		45.7	%		-328			-		41.3	%		45.3	%		-397
Capex		74.7			74.4			0.4	%		0.0		74.7			72.3			3.3	%

5)	See Note 1 in Table "Operating & Financial Highlights”.
6)	Excludes Construction Service revenue.
7)	Excludes Construction Service cost.
8)	Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession, and is calculated by dividing EBITDA by total revenues less Construction Service revenue.

Passenger Traffic declined by 11.6% YoY, primarily due to weaker performance in domestic traffic, partially offset by international travel growth. Domestic traffic declined 19.0% YoY, reflecting a difficult comparison as travel demand last year benefited from incentives provided by the 'Previaje' government program aimed at boosting domestic tourism, which did not take place this year. Moreover, traffic this quarter was impacted by the temporary suspension of several routes operated by Aerolíneas Argentinas (AA) and some flight cancellations by both AA and Flybondi, together with the prevailing recession in the country. By contrast, international passenger traffic continued to benefit from the gradual resumption of routes and frequencies, increasing by 9.3% YoY in the second quarter. During the quarter, Avianca inaugurated a new route from Ezeiza to Medellin, and ITA Airways increased the frequency of its route from Ezeiza to Rome.

Revenues decreased by 6.5% YoY to $224.8 million in 2Q24 on an ‘as reported’ basis, primarily due to a 9.8% decline in Commercial revenues, partially offset by a 1.2% increase in Aeronautical revenues. Construction service revenue decreased by 17.0% YoY, reflecting lower Capex during the reported quarter. Excluding the impact of IAS 29, revenues declined by 10.4% to $220.7 million, or by 7.4% to $184.9 million when also excluding IFRIC 12.

·	Aeronautical Revenues ex-IAS29 decreased by 1.6% YoY, in line with lower activity in domestic passenger traffic, coupled with a YoY reduction in domestic passenger fees measured in U.S. dollars.

·	Commercial Revenues ex-IAS29 decreased 13.8% YoY, mainly driven by a decrease of 39.4%, or $6.5 million in Duty Free revenues as a result of the devaluation of the Argentina Peso in late December, combined with lower Cargo and Parking revenues. This was partially offset by higher VIP lounges, Rental of space, Catering and Advertising-related revenues.

Page 12 of 41

Total Costs and Expenses increased by 3.4% YoY to $185.7 million in 2Q24 on an ‘as reported’ basis. Excluding Construction service and the impact of IAS 29, Total costs and expenses increased by 4.8% YoY, mainly due to higher Cost of service, partially offset by a slight decrease in SG&A expenses.

·	Cost of Services ex-IAS29 and excluding Construction Service Costs increased 6.0% YoY, or $5.9 million, driven mainly by the following:

25.4%, or $6.1 million, increase in Maintenance expenses,

55.3%, or $2.4 million, increase in Services and fees, and

1.3%, or $0.4 million, increase in Salaries and social security contributions, mainly as a result of inflation rates above currency depreciation.

The above was partially offset by decreases of 7.6%, or $2.2 million, in Concession Fees, due to lower revenues, and 27.8%, or $1.0 million, D&A expenses.

·	SG&A ex-IAS29 decreased by 1.2% YoY, or $0.2 million, to $20.3 million, mainly due to lower Taxes.

Adjusted Segment EBITDA decreased 22.4% YoY to $69.0 million in 2Q24 on an ‘As reported basis’. When excluding the impact of IAS 29, Adjusted Segment EBITDA declined by 24.8% YoY to $67.4 million, with Adjusted EBITDA margin EX-IFRIC12 of 36.4% in the quarter, compared to 44.8% in 2Q23.

During 2Q24, CAAP made Capital Expenditures ex-IAS29 of $41.6 million, compared to $47.3 million in 2Q23. These expenditures were primarily allocated to the new departure terminal building at Río Hondo Airport and construction works at Aeroparque Airport, along with other projects at airports in the interior of the country.

Page 13 of 41

Italy

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)		0.5			0.5			5.6	%		0.8			0.8			5.0	%
International Passengers (in millions)		2.1			1.8			16.6	%		3.3			2.8			16.9	%
Transit Passengers (in millions)		n.m.			n.m.			n.m.			n.m.			n.m.			n.m.
Total Passengers (in millions)		2.6			2.3			14.3	%		4.1			3.6			14.2	%
Cargo Volume (in thousands of tons)		3.2			3.4			-3.8	%		6.4			6.7			-5.6	%
Total Aircraft Movements (in thousands)		24.5			22.5			8.9	%		38.2			35.0			9.1	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		20.4			17.6			15.5	%		32.2			27.8			16.0	%
Non-aeronautical revenue		14.9			16.3			-8.5	%		25.7			27.0			-5.0	%
Commercial revenue		12.6			10.6			19.2	%		21.0			17.6			19.1	%
Construction service revenue		1.3			4.4			-70.6	%		2.5			5.4			-53.9	%
Other revenue		1.0			1.3			-25.5	%		2.2			4.0			-44.8	%
Total Revenue		35.3			33.9			4.0	%		57.9			54.8			5.6	%
Total Revenue Excluding IFRIC12⁽¹⁾		34.0			29.6			15.0	%		55.4			49.4			12.1	%
Cost of Services		22.2			23.4			-5.2	%		41.0			41.9			-2.2	%
Selling, general and administrative expenses		2.9			3.0			-3.6	%		5.8			6.5			-10.5	%
Total Costs and Expenses		25.1			26.4			-5.0	%		46.7			48.4			-3.4	%
Total Costs and Expenses Excluding IFRIC12⁽²⁾		23.9			23.6			1.3	%		45.0			44.9			0.2	%
Adjusted Segment EBITDA		13.3			10.4			27.0	%		17.0			12.2			39.3	%
Adjusted Segment EBITDA Mg		37.6	%		30.8	%		680			29.3	%		22.2	%		709
Adjusted EBITDA Margin excluding IFRIC 12⁽³⁾		38.7	%		30.2	%		854			29.2	%		20.8	%		848
Capex		2.1			4.6			-54.1	%		3.5			6.0			-40.5	%

1 Excludes Construction Service revenue.

2 Excludes Construction Service cost.

3 Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession, and is calculated by dividing EBITDA by total revenues less Construction Service revenue.

Passenger Traffic in Italy increased by 14.3% YoY to 2.6 million passengers. International traffic, which accounted for over 80% of total traffic, increased by 16.6% YoY, supported by strong performances at both Pisa and Florence airports. Domestic passenger traffic increased by 5.6% YoY, driven by a 23.8% increase at Florence airport, partially offset by a slight decline of 0.4% at Pisa airport.

Revenues increased 4.0% YoY to $35.3 million in 2Q24, driven by both Aeronautical and Commercial revenue growth reflecting the year-over-year increase in passenger traffic.

·	Aeronautical Revenues increased 15.5% YoY, or $2.7 million, as a result of higher Passenger use fees and, to a lesser extent, higher Aircraft fees as a result of increased YoY traffic activity.

·	Commercial Revenues, increased 19.2% YoY, or $2.0 million, mainly driven by passenger-related services such as Parking facilities, F&B services and VIP lounges, following the strong year-over-year traffic recovery.

Total Costs and Expenses decreased 5.0% YoY, or $1.3 million, mainly driven by a decline in Construction Service costs due to lower Capex. Excluding Construction Services, Total Cost and Expenses increased 1.3% YoY to $23.9 million.

·	Cost of Services excluding Construction service increased 2.1% YoY, or $0.4 million, primarily driven by higher Maintenance expenses and Concession fees, partially offset by lower Salaries and social security contributions.

·	SG&A declined 3.6% YoY, or $0.1 million, to $2.9 million.

Adjusted Segment EBITDA increased 27.0% YoY to $13.3 million from $10.4 million in 2Q23, with Adjusted EBITDA margin Ex-IFRIC12 expanding 8.5 percentage points to 38.7%, on the back of traffic increase and strong revenue growth.

During 2Q24, CAAP made Capital Expenditures of $2.1 million, compared to $4.6 million in 2Q23.

Page 14 of 41

Brazil

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)		2.1			2.7			-22.0	%		4.4			5.3			-16.5	%
International Passengers (in millions)		0.1			0.2			-8.4	%		0.3			0.3			13.0	%
Transit Passengers (in millions)		1.3			1.3			-1.1	%		2.7			2.8			-4.4	%
Total Passengers (in millions) ⁽¹⁾		3.5			4.1			-14.9	%		7.4			8.4			-11.5	%
Cargo Volume (in thousands of tons)		15.5			15.5			0.0	%		30.9			31.5			-2.0	%
Total Aircraft Movements (in thousands)		34.3			40.9			-16.3	%		69.9			79.7			-12.3	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		9.5			11.2			-14.8	%		20.3			21.6			-6.1	%
Non-aeronautical revenue		17.3			16.1			7.6	%		35.4			30.3			16.7	%
Commercial revenue		17.1			16.1			6.4	%		34.9			30.3			15.0	%
Construction service revenue		0.2			0.0			-			0.5			0.0			-
Total Revenue		26.8			27.3			-1.5	%		55.7			51.9			7.2	%
Total Revenue Excluding IFRIC12²		26.6			27.3			-2.3	%		55.1			51.9			6.2	%
Cost of Services		17.4			19.3			-9.7	%		37.5			37.1			0.9	%
Selling, general and administrative expenses		3.4			3.0			14.5	%		5.0			4.8			3.6	%
Other expenses		0.0			0.0			6180.0	%		0.4			0.0			2468.8	%
Total Costs and Expenses		20.8			22.3			-6.4	%		42.9			42.0			2.3	%
Total Costs and Expenses Excluding IFRIC12³		20.6			22.3			-7.3	%		42.4			42.0			1.0	%
Adjusted Segment EBITDA		11.4			11.6			-2.4	%		21.2			19.5			8.7	%
Adjusted Segment EBITDA Mg		42.4	%		42.4	%		0			38.1	%		37.6	%		53
Adjusted EBITDA Margin excluding IFRIC12⁴		42.7	%		42.4	%		32			38.5	%		37.6	%		88
Capex		0.5			0.5			9.8	%		1.1			0.8			49.8	%

1)	Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024.
2)	Excludes Construction Service revenue.
3)	Excludes Construction Service cost.
4)	Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession, and is calculated by dividing EBITDA by total revenues less Construction Service revenue.

Passenger Traffic decreased by 14.9% YoY, or by 3.4% YoY, when adjusting for the discontinuation of Natal Airport. Domestic traffic, which accounted for almost 60% of total traffic, was down 22.0% YoY, or 5.4% when excluding Natal, while transit passengers were down 1.1% YoY. Traffic in Brazil remained heavily impacted by financial and aircraft constraints in some local airlines, causing a lack of supply. As a reminder, following the friendly termination process concluded in February 2024, effective February 19, 2024 CAAP no longer operates Natal Airport. Therefore, statistics for Natal are available up to February 18, 2024.

Revenues decreased by 1.5% YoY, or $0.4 million, to $26.8 million in 2Q24, as growth in Commercial revenues was more than offset by a decline in Aeronautical revenues due to lower traffic.

·	Aeronautical Revenues decreased 14.8% YoY, or $1.7 million, driven by both lower Passenger use fees and Aircraft fees reflecting lower passenger traffic.

·	Commercial Revenues increased 6.4% YoY, or $1.0 million, despite lower passenger traffic. The increase in commercial revenue was primarily driven by a continued solid performance of VIP lounges and, to a lesser extent, Cargo revenues and Rental of space. Commercial revenues also included a one-time benefit of $1.7 million from the conclusion of a litigation process with several telecommunication companies.

Page 15 of 41

Total Costs and Expenses in 2Q24 decreased 6.4% YoY, or $1.4 million, mainly driven by lower Cost of Services, partially offset by slightly higher SG&A expenses.

·	Cost of Services decreased 9.7% YoY, or $1.9 million, mainly driven by declines in Salaries and social security contributions, Services and fees Concession fees and Maintenance expenses.

·	SG&A increased 14.5% YoY, or $0.4 million, to $3.4 million in 2Q24.

Adjusted Segment EBITDA decreased 2.4% YoY, or $0.3 million, to $11.4 million, while Adjusted EBITDA margin Ex-IFRIC12 expanded 0.3 percentage points to 42.7%, despite the decline in passenger traffic. Adjusted EBITDA was supported by Commercial revenues and the aforementioned $1.7 million one-time benefit related to the telecommunication companies.

During 2Q24, CAAP made Capital Expenditures of $0.5 million, in line with 2Q23.

Page 16 of 41

Uruguay

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)		n.m.			n.m.			n.m.			n.m.			n.m.			n.m.
International Passengers (in millions)		0.5			0.4			10.2	%		1.1			0.9			18.7	%
Transit Passengers (in millions)		n.m.			n.m.			n.m.			n.m.			n.m.			n.m.
Total Passengers (in millions)		0.5			0.4			11.2	%		1.1			0.9			20.5	%
Cargo Volume (in thousands of tons)		8.3			9.0			-7.2	%		15.2			16.0			-4.6	%
Total Aircraft Movements (in thousands)		6.8			7.4			-7.2	%		16.6			16.6			0.1	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		18.1			15.0			20.8	%		43.3			33.1			30.9	%
Non-aeronautical revenue		24.7			21.1			16.9	%		50.1			41.0			22.3	%
Commercial revenue		15.7			13.9			13.5	%		35.1			30.6			14.8	%
Construction service revenue		8.9			7.2			23.7	%		14.9			10.3			44.3	%
Total Revenue		42.8			36.1			18.6	%		93.4			74.1			26.1	%
Total Revenue Excluding IFRIC12⁽¹⁾		33.8			28.9			17.3	%		78.5			63.7			23.2	%
Cost of Services		27.1			24.6			10.2	%		52.4			43.4			20.6	%
Selling, general and administrative expenses		5.1			3.3			54.4	%		10.4			8.0			29.6	%
Other expenses		0.1			0.1			-32.7	%		0.2			0.2			20.2	%
Total Costs and Expenses		32.3			28.0			15.2	%		63.0			51.6			22.0	%
Total Costs and Expenses Excluding IFRIC12⁽²⁾		23.3			20.8			12.2	%		48.1			41.3			16.4	%
Adjusted Segment EBITDA		12.2			9.5			27.8	%		34.1			25.6			33.2	%
Adjusted Segment EBITDA Mg		28.5	%		26.4	%		206			36.5	%		34.6	%		193
Adjusted EBITDA Margin excluding IFRIC 12 ⁽³⁾		36.0	%		33.0	%		297			43.5	%		40.2	%		327
Capex		8.3			8.0			4.7	%		14.3			15.3			-6.6	%

1) Excludes Construction Service revenue.

2) Excludes Construction Service cost.

3) Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession, and is calculated by dividing EBITDA by total revenues less Construction Service revenue.

Revenues increased 18.6% YoY to $42.8 million in 2Q24 on an ‘As reported’ basis, or 17.3% to $33.8 million, when excluding Construction service revenue, driven by both higher Aeronautical and Commercial revenues.

·	Aeronautical Revenues increased 20.8% YoY, or $3.1 million, to $18.1 million, driven by tariff adjustments and the 11.2% YoY increase in passenger traffic.

·	Commercial Revenues increased 13.5% YoY, or $1.9 million, to $15.7 million. This growth was mainly driven by higher passenger-related revenues due to increased traffic, particularly in Duty-free and VIP lounges, along with higher Cargo and Advertising revenues.

Total Costs and Expenses increased 15.2% YoY to $32.3 million. Excluding Construction Service, Total Cost and Expenses rose 12.2% YoY to $23.3 million, due to an increase in operating costs following higher traffic activity when compared to 2Q23.

·	Cost of Services increased 10.2% YoY, or $2.5 million. Excluding Construction Service cost, Cost of Services increased 4.6% YoY, or $0.8 million, mainly due to higher Maintenance expenses and Concession Fees.

·	SG&A increased 54.4% YoY, to $5.1 million, mainly as a result of higher Taxes and Salaries and social security contributions.

Adjusted Segment EBITDA increased 27.8% YoY to $12.2 million in 2Q24, while Adjusted EBITDA Margin Ex IFRIC12 expanded 3.0 percentage points to 36.0%, reflecting higher operating leverage.

During 2Q24, CAAP made Capital Expenditures of $8.3 million in Uruguay, compared to $8.0 million in 2Q23.

Page 17 of 41

Armenia

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)		n.m.			n.m.			n.m.			n.m.			n.m.			n.m.
International Passengers (in millions)		1.3			1.4			-2.9	%		2.4			2.4			-1.8	%
Transit Passengers (in millions)		n.m.			n.m.			n.m.			n.m.			n.m.			n.m.
Total Passengers (in millions)		1.3			1.4			-2.9	%		2.4			2.4			-1.8	%
Cargo Volume (in thousands of tons)		8.3			7.9			6.1	%		17.3			15.1			14.8	%
Total Aircraft Movements (in thousands)		9.9			11.2			-12.1	%		18.0			20.6			-13.0	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		21.8			22.2			-1.7	%		40.2			39.0			3.0	%
Non-aeronautical revenue		37.5			36.9			1.6	%		67.6			70.4			-4.0	%
Commercial revenue		34.9			35.9			-2.7	%		64.7			68.8			-6.0	%
Construction service revenue		2.6			1.0			156.5	%		2.9			1.6			81.2	%
Total Revenue		59.3			59.1			0.4	%		107.8			109.4			-1.5	%
Total Revenue Excluding IFRIC12⁽¹⁾		56.7			58.1			-2.3	%		104.9			107.8			-2.7	%
Cost of Services		36.2			35.7			1.5	%		66.5			69.2			-4.0	%
Selling, general and administrative expenses		3.7			3.6			2.6	%		8.0			6.9			15.4	%
Other expenses		0.3			0.3			-9.7	%		0.5			0.5			-8.9	%
Total Costs and Expenses		40.2			39.6			1.4	%		75.0			76.7			-2.3	%
Total Costs and Expenses Excluding IFRIC12⁽²⁾		37.7			38.7			-2.5	%		72.1			75.1			-4.0	%
Adjusted Segment EBITDA		24.5			24.5			0.2	%		43.3			41.6			4.2	%
Adjusted Segment EBITDA Mg		41.3	%		41.4	%		-8			40.2	%		38.0	%		220
Adjusted EBITDA Margin excluding IFRIC 12 ⁽³⁾		43.1	%		42.1	%		100			41.3	%		38.5	%		271
Capex		3.8			1.5			147.9	%		8.6			3.2			167.1	%

1) Excludes Construction Service revenue.

2) Excludes Construction Service cost.

In Armenia, passenger traffic decreased by 2.9% year-over-year to 1.3 million passengers against a strong performance in 2023, which benefited from the introduction of new airlines and an increase in flight frequencies. The addition of new routes and frequencies continued into 2024.

Revenues increased 0.4% YoY to $59.3 million in 2Q24 on an ‘As reported’ basis, or decreased 2.3% when excluding Construction service revenue, mainly driven by lower Commercial revenues.

·	Aeronautical Revenues decreased by 1.7% YoY, or $0.4 million, to $21.8 million, following the 2.9% YoY decrease in passenger traffic.

·	Commercial Revenues decreased by 2.7% YoY, or $1.0 million, to $34.9 million. Increases in VIP lounges, F&B, advertising, parking facilities, and Cargo revenues were more than offset by lower fuel revenues (linked to Cost of Fuel) due to reduced YoY aircraft activity.

Total Costs and Expenses increased 1.4% YoY to $40.2 million. Excluding IFRIC 12, total costs and expenses decreased 2.5%, driven by lower Cost of Services, partially offset by slightly higher SG&A expenses.

·	Cost of Services increased 1.5% YoY, or $0.5 million. Excluding IFRIC 12, Cost of services declined 2.9%, mainly driven by lower Cost of fuel (linked to Fuel revenues), partially offset by higher Salaries and social security contributions.

·	SG&A increased 2.6% YoY, or $0.1 million, to $3.7 million in 2Q24.

Adjusted Segment EBITDA remained largely flat YoY at $24.5 million in 2Q24, with Adjusted EBITDA Margin Ex IFRIC12 expanding 1.0 percentage point to 43.1%.

During 2Q24, CAAP made Capital Expenditures of $3.8 million in Armenia, compared to $1.5 million in 2Q23.

Page 18 of 41

Ecuador

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
OPERATING STATISTICS
Domestic Passengers (in millions)		0.6			0.7			-13.4	%		1.2			1.3			-10.2	%
International Passengers (in millions)		0.6			0.5			3.9	%		1.1			1.1			2.6	%
Transit Passengers (in millions)		0.0			0.0			n.m.			0.0			0.0			n.m.
Total Passengers (in millions)		1.2			1.2			-5.5	%		2.3			2.4			-4.2	%
Cargo Volume (in thousands of tons)		9.8			8.0			22.2	%		19.1			15.9			19.8	%
Total Aircraft Movements (in thousands)		18.4			20.0			-8.0	%		37.4			39.7			-5.7	%
FINANCIAL HIGHLIGHTS
Aeronautical Revenue		20.3			19.3			5.0	%		40.1			37.3			7.6	%
Non-aeronautical revenue		6.8			6.6			3.8	%		13.7			13.1			4.4	%
Commercial revenue		6.8			6.6			2.8	%		13.6			13.1			3.8	%
Construction service revenue		0.0			0.0			n.m.			0.0			0.0			n.m.
Total Revenue		27.1			25.9			4.7	%		53.8			50.4			6.8	%
Total Revenue Excluding IFRIC12⁽¹⁾		27.0			25.9			4.5	%		53.7			50.3			6.7	%
Cost of Services		15.8			15.1			4.5	%		31.4			29.3			7.0	%
Selling, general and administrative expenses		4.1			3.5			17.3	%		8.6			7.0			23.3	%
Other expenses		0.0			0.0			-46.1	%		0.0			0.0			-27.4	%
Total Costs and Expenses		19.9			18.7			6.9	%		40.0			36.3			10.1	%
Total Costs and Expenses Excluding IFRIC12⁽²⁾		19.9			18.6			6.5	%		39.9			36.3			9.9	%
Adjusted Segment EBITDA		8.2			8.1			1.0	%		15.7			15.7			-0.4	%
Adjusted Segment EBITDA Mg		30.1	%		31.2	%		-112			29.2	%		31.3	%		-211
Adjusted EBITDA Margin excluding IFRIC 12⁽³⁾		30.2	%		31.2	%		-104			29.2	%		31.3	%		-207
Capex		0.5			2.6			-81	%		2.1			2.8			-27	%

1 Excludes Construction Service revenue.

2 Excludes Construction Service cost.

Revenues increased 4.7% YoY to $27.1 million in 2Q24 on an ‘As reported’ basis, mainly driven by higher Aeronautical revenues and, to a lesser extent, Commercial revenues as well.

·	Aeronautical Revenues increased 5.0% YoY, or $1.0 million, to $20.3 million, mainly driven by higher Passenger use fees.

·	Commercial Revenues increased 2.8% YoY, or $0.2 million, to $6.8 million, driven by higher Duty Free, Retail stores and Advertising.

Total Costs and Expenses increased 6.9% YoY to $19.9 million, due to higher Cost of services as well as G&A expenses.

·	Cost of Services EX-IFRIC increased 4.1% YoY, or $0.6 million, mainly driven by higher Concession fees, Services and fees, and Salaries and social security contributions.

·	SG&A increased 17.3% YoY, to $4.1 million.

Adjusted Segment EBITDA increased 1.0% YoY to $8.2 million, with Adjusted EBITDA Margin Ex IFRIC12 contracting 1.0 percentage point to 30.2%.

During 2Q24, CAAP made Capital Expenditures of $0.5 million in Ecuador, compared to $2.6 million in 2Q23.

Page 19 of 41

Key Quarter Highlights and Subsequent Events

Toscana Aeroporti | Refinancing

In June 2024, the Company’s Italian subsidiary Toscana Aeroporti (“TA”) prepaid all outstanding financial debt owed and signed, with a new financial contract with Intesa Sanpaolo S.p.A., UniCredit S.p.A., Banca Monte dei Paschi di Siena S.p.A., Cassa Depositi e Prestiti S.p.A., and Banca Nazionale del Lavoro S.p.A. (“lenders”). This new loan includes the following credit lines: (i) up to EUR 96.2 million divided in two tranches, to be applied mainly in the cancelation of part of TA´s existing financial debt; (ii) up to EUR 60.2 million divided in two tranches, to be used in the investment plan of the Pisa airport; and (iii) up to EUR 20.0 million of revolving loans mainly to support TA working capital´s needs. As of June 30, 2024, EUR 89.4 million (equivalent to USD 95.7 million) has been disbursed by the lenders. For more information on TA’s refinancing please refer to Note 12 of the Company’s Financial Statements, filed with the SEC.

For further information on subsequent events, please refer to Note 20 of the Company’s Financial Statements, filed with the SEC.

Hyperinflation Accounting in Argentina

Following the categorization of Argentina as a country with a three-year cumulative inflation rate greater than 100%, the country is considered highly inflationary in accordance with IFRS. Consequently, starting July 1, 2018, the Company reports results of its Argentinean subsidiaries applying IFRS rule IAS 29. IAS 29 requires that results of operations in hyperinflationary economies are reported as if these economies were highly inflationary as of January 1, 2018, and thus year-to-date results should be restated adjusting for the change in general purchasing power of the local currency, using official indices, before converting the local amounts at the closing rate of the period (i.e. December 31, 2019 closing rate for 2019 results). For comparison purposes, the impact of adopting IAS 29 in Aeropuertos Argentina 2000 (“AA2000”), the Company’s largest subsidiary in Argentina, which accounted for over 95% of passenger traffic, revenues and Adjusted EBITDA, respectively, of the Argentina segment in 2Q24, is presented separately in each of the applicable sections of this earnings release, in a column denominated “IAS 29”.

Non-Financial Disclosure

With the assistance of an external advisor and under guidance of the Board of Directors, the Company is preparing its ESG policy and gearing up to make the necessary disclosure under the Corporate Sustainability Reporting Directive in a timely manner.

2Q24 EARNINGS CONFERENCE CALL

When:	09:00 a.m. Eastern Time, August 22, 2024

Who:	Mr. Martín Eurnekian, Chief Executive Officer

Mr. Jorge Arruda, Chief Financial Officer

Mr. Patricio Iñaki Esnaola, Head of Investor Relations

Dial-in:	1-800-549-8228 (North America, Toll Free); 1-289-819-1520 (Other locations); Conference ID: *14198*

Webcast:	CAAP 2Q24 Earnings Conference Call

Replay:	1-888-660-6264 (North America, Toll Free); 1-289-819-1325 (Other locations); Playback Passcode: *14198 #*

Use of Non-IFRS Financial Measures

This announcement includes certain references to Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA excluding Construction Service and Adjusted EBITDA Margin excluding Construction service, as well as Net Debt:

Adjusted EBITDA is defined as income for the period before financial income, financial loss, income tax expense, depreciation and amortization.

Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenues.

Adjusted EBITDA excluding Construction Service (“Adjusted EBITDA ex-IFRIC”) is defined as income for the period before construction services revenue and cost, financial income, financial loss, income tax expense, depreciation and amortization.

Adjusted EBITDA Margin excluding Construction Service (“Adjusted EBITDA Margin ex-IFRIC12”) excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession and is calculated by dividing Adjusted EBITDA excluding Construction Service revenue and cost, by total revenues less Construction service revenue.

Page 20 of 41

Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA excluding Construction Service and Adjusted EBITDA Margin excluding Construction Service are not measures recognized under IFRS and should not be considered as an alternative to, or more meaningful than, consolidated net income for the year as determined in accordance with IFRS or as indicators of our operating performance from continuing operations. Accordingly, readers are cautioned not to place undue reliance on this information and should note that these measures as calculated by the Company, may differ materially from similarly titled measures reported by other companies. We believe that the presentation of Adjusted EBITDA and Adjusted EBITDA excluding Construction Service enhances an investor’s understanding of our performance and are useful for investors to assess our operating performance by excluding certain items that we believe are not representative of our core business. In addition, Adjusted EBITDA and Adjusted EBITDA excluding Construction Service are useful because they allow us to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods, capital structure or income taxes and construction services (when applicable).

Net debt is calculated by deducting “Cash and cash equivalents” from total financial debt.

Figures ex-IAS 29 result from dividing nominal Argentine pesos for the Argentine Segment, by the average foreign exchange rate of the Argentine Peso against the US dollar in the period. Percentage variations ex-IAS 29 figures compare results as presented in the prior year quarter before IAS 29 came into effect, against ex-IAS 29 results for this quarter as described above. For comparison purposes, the impact of adopting IAS 29 in Aeropuertos Argentina 2000, the Company’s largest subsidiary in Argentina, is presented separately in each of the applicable sections of this earnings release, in a column denominated “IAS 29”. The impact from “Hyperinflation Accounting in Argentina” is described in more detail page 22 of this report.

Definitions and Concepts

Commercial Revenues: CAAP derives commercial revenue principally from fees resulting from warehouse usage (which includes cargo storage, stowage and warehouse services and related international cargo services), services and retail stores, duty free shops, car parking facilities, catering, hangar services, food and beverage services, retail stores, including royalties collected from retailers’ revenue, and rent of space, advertising, fuel, airport counters, VIP lounges and fees collected from other miscellaneous sources, such as telecommunications, car rentals and passenger services.

Construction Service revenue and cost: Investments related to improvements and upgrades to be performed in connection with concession agreements are treated under the intangible asset model established by IFRIC 12. As a result, all expenditures associated with investments required by the concession agreements are treated as revenue generating activities given that they ultimately provide future benefits, and subsequent improvements and upgrades made to the concession are recognized as intangible assets based on the principles of IFRIC 12. The revenue and expense are recognized as profit or loss when the expenditures are performed. The cost for such additions and improvements to concession assets is based on actual costs incurred by CAAP in the execution of the additions or improvements, considering the investment requirements in the concession agreements. Through bidding processes, the Company contracts third parties to carry out such construction or improvement services. The amount of revenues for these services is equal to the amount of costs incurred plus a reasonable margin, which is estimated at an average of 3.0% to 5.0%.

About Corporación América Airports

Corporación América Airports acquires, develops and operates airport concessions. The Company is a leading private airport operator in the world, currently operating 52 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2023, Corporación América Airports served 81.1 million passengers, 23.7% above the 65.6 million passengers served in 2022 and 3.6% below the 84.2 million served in 2019. The Company is listed on the New York Stock Exchange where it trades under the ticker “CAAP”. For more information, visit http://investors.corporacionamericaairports.com

Forward Looking Statements

Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “believes,” “continue,” “could,” “potential,” “remain,” “will,” “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including, but not limited to: the Covid-19 impact, delays or unexpected casualties related to construction under our investment plan and master plans, our ability to generate or obtain the requisite capital to fully develop and operate our airports, general economic, political, demographic and business conditions in the geographic markets we serve, decreases in passenger traffic, changes in the fees we may charge under our concession agreements, inflation, depreciation and devaluation of the AR$, EUR, BRL, UYU or the AMD against the U.S. dollar, the early termination, revocation or failure to renew or extend any of our concession agreements, the right of the Argentine Government to buy out the AA2000 Concession Agreement, changes in our investment commitments or our ability to meet our obligations thereunder, existing and future governmental regulations, natural disaster-related losses which may not be fully insurable, terrorism in the international markets we serve, epidemics, pandemics and other public health crises and changes in interest rates or foreign exchange rates. The Company encourages you to review the ‘Cautionary Statement’ and the ‘Risk Factor’ sections of our annual report on Form 20-F for the year ended December 31, 2019 and any of CAAP’s other applicable filings with the Securities and Exchange Commission for additional information concerning factors that could cause those differences.

Page 21 of 41

Investor Relations Contact

Patricio Iñaki Esnaola

Email: patricio.esnaola@caairports.com

Phone: +5411 4899-6716

Page 22 of 41

-- Operational & Financial Tables Follow –

Operating Statistics by Segment: Traffic, Cargo and Aircraft Movement

	2Q24		2Q23		% Var.			6M24		6M23		% Var.
Argentina
Domestic Passengers (in millions)		5.9		7.3		-19.0	%		12.9		14.3		-9.6	%
International Passengers (in millions)		2.8		2.6		9.3	%		6.3		5.6		12.7	%
Transit passengers (in millions)		0.3		0.3		-11.1	%		0.7		0.7		2.6	%
Total passengers (in millions)		9.1		10.3		-11.6	%		19.9		20.5		-3.2	%
Cargo volume (in thousands of tons)		49.9		47.1		5.9	%		94.1		90.7		3.8	%
Aircraft movements (in thousands)		100.6		112.8		-10.8	%		214.6		223.1		-3.8	%
Italy
Domestic Passengers (in millions)		0.5		0.5		5.6	%		0.8		0.8		5.0	%
International Passengers (in millions)		2.1		1.8		16.6	%		3.3		2.8		16.9	%
Transit passengers (in millions)		n.m.		n.m.		n.m.			n.m.		n.m.		n.m.
Total passengers (in millions)		2.6		2.3		14.3	%		4.1		3.6		14.2	%
Cargo volume (in thousands of tons)		3.2		3.4		-3.8	%		6.4		6.7		-5.6	%
Aircraft movements (in thousands)		24.5		22.5		8.9	%		38.2		35.0		9.1	%
Brazil
Domestic Passengers (in millions)		2.1		2.7		-22.0	%		4.4		5.3		-16.5	%
International Passengers (in millions)		0.1		0.2		-8.4	%		0.3		0.3		13.0	%
Transit passengers (in millions)		1.3		1.3		-1.1	%		2.7		2.8		-4.4	%
Total passengers (in millions)		3.5		4.1		-14.9	%		7.4		8.4		-11.5	%
Cargo volume (in thousands of tons)		15.5		15.5		0.0	%		30.9		31.5		-2.0	%
Aircraft movements (in thousands)		34.3		40.9		-16.3	%		69.9		79.7		-12.3	%
Uruguay
Domestic Passengers (in millions)		n.m.		n.m.		n.m.			n.m.		n.m.		n.m.
International Passengers (in millions)		0.5		0.4		10.2	%		1.1		0.9		18.7	%
Transit passengers (in millions)		n.m.		n.m.		n.m.			n.m.		n.m.		n.m.
Total passengers (in millions)		0.5		0.4		11.2	%		1.1		0.9		20.5	%
Cargo volume (in thousands of tons)		8.3		9.0		-7.2	%		15.2		16.0		-4.6	%
Aircraft movements (in thousands)		6.8		7.4		-7.2	%		16.6		16.6		0.1	%
Ecuador⁽¹⁾
Domestic Passengers (in millions)		0.6		0.7		-13.4	%		1.2		1.3		-10.2	%
International Passengers (in millions)		0.6		0.5		3.9	%		1.1		1.1		2.6	%
Transit passengers (in millions)		0.0		0.0		7.4	%		0.0		0.0		9.5	%
Total passengers (in millions)		1.2		1.2		-5.5	%		2.3		2.4		-4.2	%
Cargo volume (in thousands of tons)		9.8		8.0		22.2	%		19.1		15.9		19.8	%
Aircraft movements (in thousands)		18.4		20.0		-8.0	%		37.4		39.7		-5.7	%
Armenia
Domestic Passengers (in millions)		n.m.		n.m.		n.m.			n.m.		n.m.		n.m.
International Passengers (in millions)		1.3		1.4		-2.9	%		2.4		2.4		-1.8	%
Transit passengers (in millions)		n.m.		n.m.		n.m.			n.m.		n.m.		n.m.
Total passengers (in millions)		1.3		1.4		-2.9	%		2.4		2.4		-1.8	%
Cargo volume (in thousands of tons)		8.3		7.9		6.1	%		17.3		15.1		14.8	%
Aircraft movements (in thousands)		9.9		11.2		-12.1	%		18.0		20.6		-13.0	%

ECOGAL’s operational data included in this table, although its results of operations are not consolidated.

Page 23 of 41

Foreign Exchange Rate

Country	2Q24		2Q23		2Q24		2Q23		1Q24		1Q23		1Q24		1Q23
	Avg		Avg		EoP		EoP		Avg		Avg		EoP		EoP
Argentine Peso		885.1		232.3		912.0		256.7		833.2		192.2		858.0		209.0
Euro		1.1		1.1		1.1		1.1		1.1		1.1		1.1		1.1
Brazilian Real		5.2		4.9		5.6		4.8		5.0		5.2		5.0		5.1
Uruguayan Peso		38.8		38.5		40.0		38.2		38.9		39.2		37.6		38.6

Amounts provided by units of local currency per US dollar

Aeronautical Breakdown (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Aeronautical Revenue		193.7		187.7		3.2	%		0.4		193.2		190.1		1.6	%
Passenger use fees		163.4		159.8		2.2	%		0.4		163.0		162.0		0.6	%
Aircraft fees		31.3		29.3		7.1	%		0.0		31.3		29.5		6.0	%
Other		-1.1		-1.4		-25.1	%		-		-1.1		-1.4		-25.1	%

Commercial Revenue Breakdown (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Commercial revenue		171.4		176.5		-2.9	%		2.3		169.1		178.1		-5.1	%
Warehouse use fees		46.6		53.5		-13.0	%		0.4		46.2		55.0		-15.9	%
Duty free shops		18.4		23.9		-23.0	%		0.0		18.3		24.4		-24.7	%
Rental of space (including hangars)		10.4		9.4		10.7	%		0.1		10.4		9.5		9.1	%
Parking facilities		10.5		10.5		-0.1	%		0.1		10.5		10.7		-2.2	%
Fuel		27.4		29.0		-5.7	%		0.0		27.3		29.1		-5.9	%
Food and beverage services		7.6		7.5		1.5	%		0.1		7.5		7.5		0.1	%
Advertising		6.7		5.5		21.7	%		0.5		6.2		5.1		21.5	%
Services and retail stores		4.0		4.1		-3.3	%		0.0		4.0		4.2		-4.3	%
Catering		3.0		2.5		20.7	%		0.0		3.0		2.6		17.6	%
VIP lounges		15.6		10.8		43.7	%		0.3		15.2		10.4		46.2	%
Walkway services		1.8		1.9		-2.4	%		0.0		1.8		1.9		-3.8	%
Other		19.5		17.8		9.4	%		0.8		18.7		18.0		3.9	%

Revenues by Segment (in US$ million)

Country	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Argentina		511.0		468.5		9.1	%		55.8		455.1		474.3		-4.0	%
Italy		57.9		54.8		5.6	%		-		57.9		54.8		5.6	%
Brazil		55.7		51.9		7.2	%		-		55.7		51.9		7.2	%
Uruguay		93.4		74.1		26.1	%		-		93.4		74.1		26.1	%
Armenia		107.8		109.4		-1.5	%		-		107.8		109.4		-1.5	%
Ecuador ⁽¹⁾		53.8		50.4		6.8	%		-		53.8		50.4		6.8	%
Unallocated		0.9		0.3		158.1	%		-		0.9		0.3		158.1	%
Total consolidated revenue		880.4		809.4		8.8	%		55.8		824.6		815.2		1.1	%

1 Only includes Guayaquil Airport.

Page 24 of 41

Revenue Breakdown (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Aeronautical Revenue		431.8		375.6		15.0	%		29.7		402.0		377.5		6.5	%
Non-aeronautical Revenue		448.7		433.8		3.4	%		26.1		422.6		437.7		-3.5	%
Commercial revenue		350.3		338.5		3.5	%		20.5		329.8		339.1		-2.8	%
Construction service revenue ⁽¹⁾		95.6		91.4		4.6	%		5.5		90.0		94.6		-4.8	%
Other revenue		2.8		4.0		-30.4	%		-		2.8		4.0		-30.4	%
Total Consolidated Revenue		880.4		809.4		8.8	%		55.8		824.6		815.2		1.1	%
Total Revenue excluding Construction Service revenue ⁽²⁾		784.9		718.0		9.3	%		50.3		734.6		720.6		1.9	%

1 Construction Service revenue equals the construction or upgrade costs plus a reasonable margin.

2 Excludes Construction Service revenue.

Aeronautical Breakdown (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Aeronautical Revenue		431.8		375.6		15.0	%		29.7		402.0		377.5		6.5	%
Passenger use fees		365.8		319.0		14.7	%		26.3		339.5		320.8		5.8	%
Aircraft fees		65.7		56.9		15.4	%		3.4		62.3		57.1		9.0	%
Other		0.3		-0.4		-170.1	%		-		0.3		-0.4		-170.1	%

Commercial Revenue Breakdown (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Commercial revenue		350.3		338.5		3.5	%		20.5		329.8		339.1		-2.8	%
Warehouse use fees		102.5		102.2		0.4	%		9.5		93.0		103.6		-10.2	%
Duty free shops		38.0		44.1		-13.9	%		2.1		35.8		44.6		-19.6	%
Rental of space (including hangars)		22.0		18.4		19.4	%		1.2		20.7		18.4		12.4	%
Parking facilities		19.8		19.9		-0.3	%		0.9		18.9		20.0		-5.8	%
Fuel		53.6		58.5		-8.3	%		0.5		53.1		58.5		-9.2	%
Food and beverage services		14.6		13.8		5.5	%		0.7		13.9		13.8		0.9	%
Advertising		14.7		10.7		37.4	%		1.7		13.0		9.9		31.9	%
Services and retail stores		7.9		7.7		2.3	%		0.2		7.7		7.7		-0.8	%
Catering		6.4		4.8		34.1	%		0.5		5.9		4.8		21.5	%
VIP lounges		29.5		19.7		50.0	%		1.4		28.1		18.9		48.9	%
Walkway services		4.1		3.7		10.5	%		0.3		3.8		3.7		1.5	%
Other		37.2		35.0		6.2	%		1.4		35.8		35.1		2.0	%

Total Expenses Breakdown (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Cost of services		286.1		280.0		2.2	%		24.8		261.3		265.5		-1.6	%
SG&A		43.8		40.2		9.0	%		0.4		43.4		40.5		7.2	%
Financial loss		8.7		38.4		-77.3	%		-79.5		88.2		197.3		-55.3	%
Inflation adjustment		1.6		10.8		-85.5	%		2.8		-1.2		0.0		8428.9	%
Other expenses		1.0		1.0		0.7	%		0.0		1.0		1.0		-1.3	%
Income tax expense		45.6		-1.6		-2881.4	%		56.3		-10.7		-86.2		-87.6	%
Total expenses		386.8		368.8		4.9	%		4.8		382.0		418.1		-8.6	%

Page 25 of 41

Cost of Services (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Cost of Services		286.1		280.0		2.2	%		24.8		261.3		265.5		-1.6	%
Salaries and social security contributions		57.4		56.1		2.4	%		0.0		57.5		57.5		0.0	%
Concession fees		47.3		47.3		0.0	%		0.2		47.2		48.1		-1.9	%
Construction service cost		49.9		55.6		-10.3	%		1.3		48.6		57.4		-15.4	%
Maintenance expenses		40.7		32.8		24.0	%		0.8		39.9		33.3		19.8	%
Amortization and depreciation		41.8		39.0		7.1	%		22.4		19.4		19.8		-1.9	%
Services and fees		17.4		16.3		6.6	%		0.1		17.3		16.6		3.9	%
Cost of fuel		22.7		24.5		-7.2	%		-		22.7		24.5		-7.2	%
Taxes		0.9		0.7		36.8	%		0.0		1.0		0.8		26.1	%
Office expenses		3.1		2.9		9.6	%		0.0		3.2		2.9		8.4	%
Provision for maintenance cost		0.8		0.7		15.2	%		-		0.8		0.7		15.2	%
Others		3.9		4.0		-3.3	%		0.0		3.9		4.0		-3.7	%

Selling, General and Administrative Expenses (in US$ million)

	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
SG&A		43.8		40.2		9.0	%		0.4		43.4		40.5		7.2	%
Taxes		12.9		12.7		1.1	%		0.1		12.8		13.0		-1.6	%
Salaries and social security contributions		10.0		10.1		-1.2	%		0.0		10.0		10.2		-2.8	%
Services and fees		10.7		9.3		14.5	%		-0.1		10.8		9.4		14.9	%
Office expenses		2.2		1.5		41.4	%		0.1		2.1		1.6		30.3	%
Amortization and depreciation		1.8		1.5		14.3	%		0.2		1.5		1.4		8.7	%
Maintenance expenses		0.7		0.6		18.3	%		0.0		0.7		0.6		16.6	%
Advertising		1.6		0.4		311.1	%		0.0		1.7		0.4		313.7	%
Insurances		0.6		0.7		-15.5	%		0.0		0.6		0.7		-15.4	%
Bad debts recovery		-1.4		-0.6		113.9	%		0.1		-1.5		-0.7		120.8	%
Bad debts		2.2		1.7		31.4	%		-0.1		2.3		1.7		36.7	%
Others		2.6		2.2		16.0	%		0.0		2.6		2.2		16.1	%

Expenses by Segment (in US$ million)

Country	2Q24 as reported		2Q23 as reported		% Var as reported			IAS 29		2Q24 ex IAS 29		2Q23 ex IAS 29		% Var ex IAS 29
Argentina		185.7		179.6		3.4	%		25.2		160.6		165.5		-3.0	%
Italy		25.1		26.4		-5.0	%		-		25.1		26.4		-5.0	%
Brazil		20.8		22.3		-6.4	%		-		20.8		22.3		-6.4	%
Uruguay		32.3		28.0		15.2	%		-		32.3		28.0		15.2	%
Armenia		40.2		39.6		1.4	%		-		40.2		39.6		1.4	%
Ecuador		19.9		18.7		6.9	%		-		19.9		18.7		6.9	%
Unallocated		6.8		6.6		3.9	%		-		6.8		6.6		3.9	%
Total consolidated expenses ^(1) (2)		330.8		321.1		3.0	%		25.2		305.7		307.0		-0.4	%

	(1)	Excludes income tax and financial loss
	(2)	We account for the results of operations of ECOGAL using the equity method

Page 26 of 41

Costs and Expenses (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Cost of Services		572.4		529.0		8.2	%		70.4		502.0		498.4		0.7	%
Salaries and social security contributions		122.2		109.9		11.2	%		7.2		114.9		111.2		3.3	%
Concession fees		103.7		93.8		10.6	%		7.2		96.5		94.5		2.2	%
Construction service cost		94.6		89.3		5.9	%		5.5		89.0		92.5		-3.8	%
Maintenance expenses		74.1		62.7		18.1	%		4.4		69.7		63.1		10.4	%
Amortization and depreciation		82.0		76.5		7.2	%		44.0		38.0		39.9		-4.6	%
Other		95.9		96.8		-0.9	%		2.1		93.8		97.2		-3.5	%
Cost of Services Excluding Construction Service cost		477.8		439.7		8.7	%		64.9		413.0		405.8		1.8	%
Selling, general and administrative expenses		90.6		79.0		14.8	%		4.8		85.8		79.2		8.4	%
Other expenses		3.9		1.8		117.0	%		0.5		3.4		1.8		87.0	%
Total Costs and Expenses		666.9		609.7		9.4	%		75.7		591.2		579.4		2.0	%
Total Costs and Expenses Excluding Construction Service cost		572.3		520.4		10.0	%		70.2		502.2		486.8		3.1	%

Total Expenses Breakdown (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Cost of services		572.4		529.0		8.2	%		70.4		502.0		498.4		0.7	%
SG&A		90.6		79.0		14.8	%		4.8		85.8		79.2		8.4	%
Financial loss		-171.4		88.2		-294.2	%		-362.8		191.4		379.8		-49.6	%
Inflation adjustment		16.8		14.0		20.3	%		21.2		-4.3		-0.5		720.6	%
Other expenses		3.9		1.8		117.0	%		0.5		3.4		1.8		87.0	%
Income tax expense		172.1		36.3		373.9	%		237.3		-65.2		-117.8		-44.7	%
Total expenses		684.4		748.4		-8.5	%		-28.6		713.1		840.9		-15.2	%

Cost of Services (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Cost of Services		572.4		529.0		8.2	%		70.4		502.0		498.4		0.7	%
Salaries and social security contributions		122.2		109.9		11.2	%		7.2		114.9		111.2		3.3	%
Concession fees		103.7		93.8		10.6	%		7.2		96.5		94.5		2.2	%
Construction service cost		94.6		89.3		5.9	%		5.5		89.0		92.5		-3.8	%
Maintenance expenses		74.1		62.7		18.1	%		4.4		69.7		63.1		10.4	%
Amortization and depreciation		82.0		76.5		7.2	%		44.0		38.0		39.9		-4.6	%
Services and fees		33.5		30.5		9.7	%		1.1		32.4		30.8		5.0	%
Cost of fuel		43.5		48.6		-10.5	%		-		43.5		48.6		-10.5	%
Taxes		2.4		1.9		24.4	%		0.2		2.2		2.0		8.1	%
Office expenses		7.5		6.2		20.6	%		0.7		6.8		6.2		8.4	%
Provision for maintenance cost		1.7		1.5		8.8	%		-		1.7		1.5		8.8	%
Others		7.4		8.0		-7.4	%		0.0		7.4		8.0		-8.0	%

Page 27 of 41

Selling, General and Administrative Expenses (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
SG&A		90.6		79.0		14.8	%		4.8		85.8		79.2		8.4	%
Taxes		28.9		25.5		13.5	%		2.8		26.1		25.7		1.7	%
Salaries and social security contributions		20.9		19.1		9.6	%		0.9		20.0		19.2		3.8	%
Services and fees		21.2		18.6		13.8	%		0.1		21.1		18.7		12.8	%
Office expenses		3.7		3.0		23.0	%		0.3		3.4		3.1		10.8	%
Amortization and depreciation		3.5		3.2		11.1	%		0.4		3.1		2.9		6.0	%
Maintenance expenses		1.3		1.1		13.3	%		0.0		1.2		1.1		9.2	%
Advertising		2.3		0.9		160.4	%		0.0		2.3		0.9		152.9	%
Insurances		1.4		1.4		4.5	%		0.0		1.4		1.4		3.0	%
Bad debts recovery		-2.3		-1.4		60.7	%		0.1		-2.4		-1.5		59.4	%
Bad debts		4.5		3.2		39.5	%		0.1		4.4		3.2		37.0	%
Others		5.1		4.4		16.2	%		0.0		5.1		4.4		16.3	%

Expenses by Segment (in US$ million)

Country	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Argentina		385.6		342.8		12.5	%		75.7		309.9		312.5		-0.8	%
Italy		46.7		48.4		-3.4	%		-		46.7		48.4		-3.4	%
Brazil		42.9		42.0		2.3	%		-		42.9		42.0		2.3	%
Uruguay		63.0		51.6		22.0	%		-		63.0		51.6		22.0	%
Armenia		75.0		76.7		-2.3	%		-		75.0		76.7		-2.3	%
Ecuador		40.0		36.3		10.1	%		-		40.0		36.3		10.1	%
Unallocated		13.7		11.9		15.9	%		-		13.7		11.9		15.9	%
Total consolidated expenses ^(1) (2)		666.9		609.7		9.4	%		75.7		591.2		579.4		2.0	%

	(1)	Excludes income tax and financial loss
	(2)	We account for the results of operations of ECOGAL using the equity method

Adjusted EBITDA by Segment (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Argentina		185.4		180.5		2.7	%		25.7		159.7		180.0		-11.3	%
Italy		17.0		12.2		39.3	%		-		17.0		12.2		39.3	%
Brazil		21.2		19.5		8.7	%		-		21.2		19.5		8.7	%
Uruguay		34.1		25.6		33.2	%		-		34.1		25.6		33.2	%
Armenia		43.3		41.6		4.2	%		-		43.3		41.6		4.2	%
Ecuador		15.7		15.7		-0.4	%		-		15.7		15.7		-0.4	%
Unallocated		-3.8		-1.8		109.3	%		-		-3.8		-1.8		109.3	%
Total segment EBITDA		313.0		293.4		6.7	%		25.7		287.3		292.9		-1.9	%

Page 28 of 41

Adjusted EBITDA Reconciliation to Income from Continuing Operations (in US$ million)

	6M24 as reported			6M23 as reported			% Var as reported			IAS 29		6M24 ex IAS 29			6M23 ex IAS 29			% Var ex IAS 29
Income from Continuing Operations		247.8			105.7			134.5	%		77.3		170.5			56.6			201.0	%
Financial Income		-37.8			-30.5			24.1	%		8.4		-46.3			-68.1			-32.1	%
Financial Loss		-171.4			88.2			-294.2	%		-362.8		191.4			379.8			-49.6	%
Inflation adjustment		16.8			14.0			20.3	%		21.2		-4.3			-0.5			720.6	%
Income Tax Expense		172.1			36.3			373.9	%		237.3		-65.2			-117.8			-44.7	%
Amortization and Depreciation		85.5			79.6			7.3	%		44.3		41.1			42.8			-3.9	%
Adjusted EBITDA		313.0			293.4			6.7	%		25.7		287.3			292.8			-1.9	%
Adjusted EBITDA Margin		35.5	%		36.2	%		-70			-		34.8	%		35.9	%		-109
Adjusted EBITDA Margin excluding Construction Service		39.7	%		40.6	%		-83			-		39.0	%		40.4	%		-138

Financial Income / Loss (in US$ million)

	6M24 as reported		6M23 as reported		% Var as reported			IAS 29		6M24 ex IAS 29		6M23 ex IAS 29		% Var ex IAS 29
Financial Income		37.8		30.5		24.1	%		-8.4		46.3		68.1		-32.1	%
Interest income		31.3		25.6		22.1	%		2.5		28.8		26.0		10.5	%
Foreign exchange income		0.3		0.5		-38.2	%		-11.4		11.7		37.8		-68.9	%
Other		6.2		4.3		44.0	%		0.4		5.8		4.3		33.9	%
Inflation adjustment		-16.8		-14.0		20.3	%		-21.2		4.3		0.5		720.6	%
Inflation adjustment		-16.8		-14.0		20.3	%		-21.2		4.3		0.5		720.6	%
Financial Loss		171.4		-88.2		-294.2	%		362.8		-191.4		-379.8		-49.6	%
Interest Expenses		-54.2		-56.2		-3.5	%		-3.0		-51.2		-55.7		-8.1	%
Foreign exchange transaction expenses		278.9		26.3		959.9	%		366.0		-87.1		-265.8		-67.2	%
Changes in liability for concessions		-47.6		-54.1		-12.0	%		-		-47.6		-54.1		-12.0	%
Other financial loss		-5.7		-4.3		32.9	%		-0		-5.5		-4.2		31.8	%
Financial Loss, Net		192.4		-71.8		-368.1	%		333.2		-140.8		-311.2		-54.8	%

See “Use of Non-IFRS Financial Measures” on page 22.

Page 29 of 41

% Ownership by Concession

Aeropuertos Argentina 2000	Argentina	82.7	%
Neuquén	Argentina	75.5	%
Bahía Blanca	Argentina	82.6	%
Toscana Aeroporti (Florence and Pisa airports)	Italy	46.7	%
ICAB (Brasilia Airport)	Brazil	51.0	%
Puerta del Sur (Carrasco Airport)	Uruguay	100.0	%
CAISA (Punta del Este Airport)	Uruguay	100.0	%
AIA (Armenian airports)	Armenia	100.0	%
TAGSA (Guayaquil Airport)	Ecuador	50.0	%
ECOGAL (Galápagos Airport)	Ecuador	99.9	%

Selected Income Statement Data (in US$ million)

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
Argentina
Total Revenue		224.8			240.3			-6.5	%		511.0			468.5			9.1	%
Total Revenue Excluding IFRIC12(1)		187.7			195.6			-4.1	%		436.3			394.5			10.6	%
Operating Income		43.4			65.6			-33.8	%		136.2			135.4			0.6	%
Net Income		38.9			75.6			-48.6	%		235.0			113.9			106.3	%
Adjusted Segment EBITDA		69.0			88.9			-22.4	%		185.4			180.5			2.7	%
Adjusted Segment EBITDA Mg		30.7	%		37.0	%		-631			36.3	%		38.5	%		-225
Adjusted EBITDA Margin excluding IFRIC		36.7	%		45.4	%		-870			42.5	%		45.7	%		-328
Italy
Total Revenue		35.3			33.9			4.0	%		57.9			54.8			5.6	%
Total Revenue Excluding IFRIC12(1)		34.0			29.6			15.0	%		55.4			49.4			12.1	%
Operating Income		10.4			7.8			34.1	%		11.4			6.9			65.7	%
Net Income		6.7			4.0			67.8	%		5.9			2.1			184.3	%
Adjusted Segment EBITDA		13.3			10.4			27.0	%		17.0			12.2			39.3	%
Adjusted Segment EBITDA Mg		37.6	%		30.8	%		680			29.3	%		22.2	%		709
Adjusted EBITDA Margin excluding IFRIC		38.7	%		30.2	%		854			29.2	%		20.8	%		848
Brazil
Total Revenue		26.8			27.3			-1.5	%		55.7			51.9			7.2	%
Total Revenue Excluding IFRIC12(1)		26.6			27.3			-2.3	%		55.1			51.9			6.2	%
Operating Income		8.6			8.6			-0.5	%		15.4			13.7			12.5	%
Net Income		-15.5			-15.9			-2.4	%		-36.4			-47.9			-23.9	%
Adjusted Segment EBITDA		11.4			11.6			-2.4	%		21.2			19.5			8.7	%
Adjusted Segment EBITDA Mg		42.4	%		42.4	%		0			38.1	%		37.6	%		53
Adjusted EBITDA Margin excluding IFRIC		42.7	%		42.4	%		32			38.5	%		37.6	%		88
Uruguay
Total Revenue		42.8			36.1			18.6	%		93.4			74.1			26.1	%
Total Revenue Excluding IFRIC12(1)		33.8			28.9			17.3	%		78.5			63.7			23.2	%
Operating Income		9.8			7.5			30.4	%		28.9			21.3			35.9	%
Net Income		8.2			7.1			15.9	%		27.0			20.3			33.2	%
Adjusted Segment EBITDA		12.2			9.5			27.8	%		34.1			25.6			33.2	%
Adjusted Segment EBITDA Mg		28.5	%		26.4	%		206			36.5	%		34.6	%		193
Adjusted EBITDA Margin excluding IFRIC		36.0	%		33.0	%		297			43.5	%		40.2	%		327

Page 30 of 41

	2Q24			2Q23			% Var.			6M24			6M23			% Var.
Ecuador
Total Revenue		27.1			25.9			4.7	%		53.8			50.4			6.8	%
Total Revenue Excluding IFRIC12(1)		27.0			25.9			4.5	%		53.7			50.3			6.7	%
Operating Income		6.4			6.5			-1.2	%		12.2			12.5			-2.8	%
Net Income		6.0			5.9			2.0	%		11.2			11.3			-1.4	%
Adjusted Segment EBITDA		8.2			8.1			1.0	%		15.7			15.7			-0.4	%
Adjusted Segment EBITDA Mg		30.1	%		31.2	%		-112			29.2	%		31.3	%		-211
Adjusted EBITDA Margin excluding IFRIC		30.2	%		31.2	%		-104			29.2	%		31.3	%		-207
Armenia
Total Revenue		59.3			59.1			0.4	%		107.8			109.4			-1.5	%
Total Revenue Excluding IFRIC12(1)		56.7			58.1			-2.3	%		104.9			107.8			-2.7	%
Operating Income		19.2			19.6			-2.0	%		33.0			31.8			3.7	%
Net Income		14.6			14.8			-1.2	%		23.9			23.9			-0.1	%
Adjusted Segment EBITDA		24.5			24.5			0.2	%		43.3			41.6			4.2	%
Adjusted Segment EBITDA Mg		41.3	%		41.4	%		-8			40.2	%		38.0	%		220
Adjusted EBITDA Margin excluding IFRIC		43.1	%		42.1	%		100			41.3	%		38.5	%		271
Unallocated
Total revenue		0.2			0.2			-12.4	%		0.9			0.3			158.1	%
Operating Income		-4.8			-5.0			-3.6	%		-9.4			-7.8			21.3	%
Net Income		-4.4			-10.6			-58.3	%		-18.8			-18.0			4.3	%
Adjusted segment EBITDA		-2.1			-2.0			2.0	%		-3.8			-1.8			109.3	%
Adjusted Segment EBITDA Mg		N/A			N/A			N/A			N/A			#N/A			N/A

1 Excludes Construction Service revenue.

2 Excludes the effect of IFRIC 12 with respect to the construction or improvements to assets under the concession.

3 Starting in 3Q18, reported numbers are presented applying Hyperinflation accounting for our Argentinean subsidiaries, in accordance with IAS 29, as explained above. Please refer to Review of Segments – Argentina to see the effect of this rule in our Argentinean subsidiaries.

Page 31 of 41

Operating Statistics by Airport: Traffic, Cargo and Aircraft Movements

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.
Argentina
Aeroparque		2,256		2,883		-21.8	%		763		718		6.3	%		214		240		-10.9	%		3,232		3,841		-15.9	%		257		410		-37.4	%		27,128		31,856		-14.8	%
Bariloche		374		459		-18.5	%		5		3		42.9	%		0		1		-			379		463		-18.2	%		-		-		-			2,837		3,454		-17.9	%
Catamarca		18		21		-14.6	%		-		-		-			1		2		-27.0	%		19		22		-15.6	%		15		12		19.4	%		611		723		-15.5	%
C. Rivadavia		122		146		-16.8	%		-		-		-			0		2		-			122		148		-17.5	%		151		133		13.5	%		1,557		1,949		-20.1	%
Córdoba		513		617		-16.9	%		141		124		13.0	%		1		4		-			654		745		-12.2	%		274		431		-36.5	%		6,173		6,972		-11.5	%
El Palomar		-		-		-			-		-		-			-		-		-			-		-		-			-		-		-			1,420		1,044		36.0	%
Esquel		15		16		-5.8	%		-		-		-			-		-		-			15		16		-5.8	%		-		-		-			212		279		-24.0	%
Ezeiza		588		615		-4.5	%		1,775		1,632		8.7	%		57		51		12.0	%		2,420		2,299		5.3	%		47,640		44,764		6.4	%		16,761		16,228		3.3	%
Formosa		20		24		-15.0	%		-		-		-			-		-		-			20		24		-15.0	%		23		17		40.2	%		338		423		-20.1	%
General Pico		-		-		-			-		-		-			-		-		-			-		-		-			-		-		-			279		198		40.9	%
Iguazú		331		405		-18.4	%		-		-		-			0		0		-			331		405		-18.4	%		-		-		-			2,553		2,976		-14.2	%
Jujuy		122		149		-18.2	%		-		-		-			-		2		-			122		151		-19.5	%		33		-		-			1,063		1,382		-23.1	%
La Rioja		16		22		-24.7	%		-		-		-			2		3		-21.7	%		18		24		-24.4	%		19		10		96.5	%		422		611		-30.9	%
Malargüe		-		0		-			-		-		-			-		0		-			-		0		-			-		-		-			125		124		0.8	%
Mar del Plata		50		57		-13.4	%		-		-		-			2		2		-13.5	%		52		60		-13.4	%		21		-		-			1,687		1,534		10.0	%
Mendoza		381		485		-21.4	%		144		117		23.0	%		2		4		-55.5	%		527		606		-13.0	%		127		108		18.5	%		4,871		5,484		-11.2	%
Paraná		7		15		-56.4	%		-		0		-			-		-		-			7		15		-57.2	%		-		-		-			842		1,034		-18.6	%
Posadas		86		110		-22.2	%		-		-		-			-		0		-			86		110		-22.3	%		26		22		16.9	%		958		1,195		-19.8	%
Pto Madryn		13		39		-67.0	%		-		-		-			-		-		-			13		39		-67.0	%		1		8		-84.4	%		110		319		-65.5	%
Reconquista		-		0		-			-		-		-			-		-		-			-		0		-			-		-		-			1,021		727		40.4	%
Resistencia		41		26		61.0	%		-		-		-			0		0		-			41		26		58.1	%		41		15		182.4	%		887		369		140.4	%
Río Cuarto		4		8		-45.9	%		-		-		-			-		-		-			4		8		-45.9	%		1		3		-			180		200		-10.0	%
Río Gallegos		40		59		-32.3	%		0		-		-			2		3		-2.5	%		42		61		-31.1	%		71		55		29.2	%		888		1,321		-32.8	%
Río Grande		26		36		-27.6	%		-		-		-			0		0		-			26		37		-28.0	%		918		796		15.3	%		753		681		10.6	%
Salta		296		385		-23.0	%		10		2		471.3	%		-		1		-			306		388		-21.0	%		82		43		91.4	%		4,098		4,063		0.9	%

Page 32 of 41

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.
San Fernando		-		-		-			-		-		-			-		-		-			-		-		-			-		-		-			12,575		15,093		-16.7	%
San Juan		41		57		-29.4	%		-		-		-			-		0		-			41		58		-29.8	%		-		-		-			476		718		-33.7	%
San Luis		11		18		-38.3	%		-		-		-			-		-		-			11		18		-38.3	%		10		104		-90.3	%		345		788		-56.2	%
San Rafael		8		13		-37.6	%		-		-		-			-		-		-			8		13		-37.6	%		-		-		-			1,736		1,682		3.2	%
Santa Rosa		9		13		-26.8	%		-		-		-			-		-		-			9		13		-26.8	%		1		-		-			560		770		-27.3	%
Santiago del Estero		56		62		-9.6	%		-		-		-			-		-		-			56		62		-9.6	%		29		17		73.5	%		1,096		1,234		-11.2	%
Tucumán		169		215		-21.3	%		-		-		-			0		0		-			169		215		-21.3	%		2		-		-			1,581		1,982		-20.2	%
Viedma		7		9		-15.5	%		-		-		-			0		2		-			8		10		-25.3	%		-		-		-			174		287		-39.4	%
Villa Mercedes		-		-		-			-		-		-			-		-		-			-		-		-			-		-		-			332		667		-50.2	%
Termas de Río Hondo		2		5		-64.9	%		-		-		-			-		-		-			2		5		-64.9	%		-		-		-			120		168		-28.6	%
Bahía Blanca		58		70		-18.1	%		-		-		-			2		3		-37.0	%		60		74		-19.0	%		38		42		-9.9	%		856		994		-13.9	%
Neuquén		265		300		-11.7	%		0		0		-			4		4		4.3	%		269		304		-11.5	%		82		78		5.1	%		2,983		3,257		-8.4	%
Total Argentina		5,944		7,341		-19.0	%		2,837		2,597		9.3	%		289		325		-11.1	%		9,070		10,262		-11.6	%		49,863		47,065		5.9	%		100,608		112,786		-10.8	%

Italy
Pisa		352		353		-0.4	%		1,267		1,085		16.8	%		1		2		-20.6	%		1,620		1,440		12.5	%		3,228		3,335		-3.2	%		12,517		11,151		12.3	%
Florence		144		117		23.8	%		881		757		16.4	%		0		0		-			1,025		873		17.4	%		16		39		-59.7	%		12,010		11,371		5.6	%
Total Italy		496		470		5.6	%		2,148		1,842		16.6	%		1		2		-21.1	%		2,646		2,314		14.3	%		3,244		3,374		-3.8	%		24,527		22,522		8.9	%

Brazil
Natal⁽¹⁾		-		467		-			-		20		-			-		2		-			-		489		-			-		1,848		-			-		4,019		-
Brasilia		2,078		2,197		-5.4	%		149		142		4.5	%		1,281		1,294		-1.0	%		3,508		3,633		-3.4	%		15,491		13,639		13.6	%		34,250		36,925		-7.2	%
Total Brazil		2,078		2,664		-22.0	%		149		162		-8.4	%		1,281		1,296		-1.1	%		3,508		4,122		-14.9	%		15,491		15,487		0.0	%		34,250		40,944		-16.3	%

Uruguay
Carrasco		0		0		-			454		409		11.1	%		10		5		92.2	%		465		414		12.2	%		8,321		8,969		-7.2	%		5,290		5,268		0.4	%
Punta del Este		0		0		-			17		19		-11.0	%		-		-		-			17		19		-10.8	%		-		-		-			1,557		2,108		-26.1	%

Page 33 of 41

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.			2Q24		2Q23		% Var.
Total Uruguay		0		0		-			471		427		10.2	%		10		5		92.2	%		481		433		11.2	%		8,321		8,969		-7.2	%		6,847		7,376		-7.2	%

Ecuador
Guayaquil		459		527		-12.9	%		568		547		3.9	%		18		17		7.4	%		1,045		1,091		-4.2	%		8,443		6,474		30.4	%		16,976		18,236		-6.9	%
Galápagos		129		152		-15.3	%		-		-		-			-		-		-			129		152		-15.3	%		1,357		1,545		-12.2	%		1,441		1,789		-19.5	%
Total Ecuador		588		680		-13.4	%		568		547		3.9	%		18		17		7.4	%		1,174		1,243		-5.5	%		9,800		8,019		22.2	%		18,417		20,025		-8.0	%

Armenia
Zvartnots		-		-		-			1,287		1,332		-3.4	%		-		-		-			1,287		1,332		-3.4	%		8,344		7,863		6.1	%		9,707		11,109		-12.6	%
Shirak		-		-		-			27		21		25.9	%		-		-		-			27		21		25.9	%		-		-		-			164		122		34.4	%
Total Armenia		-		-		-			1,314		1,353		-2.9	%		-		-		-			1,314		1,353		-2.9	%		8,344		7,863		6.1	%		9,871		11,231		-12.1	%
Total CAAP		9,107		11,155		-18.4	%		7,485		6,928		8	%		1,600		1,645		-3	%		18,193		19,728		-7.8	%		95,062		90,776		5	%		194,520		214,884		-9	%

Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024.

Page 34 of 41

Operating Statistics by Airport: Traffic, Cargo and Aircraft Movements (2024 vs. 2023)

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.
Argentina
Aeroparque		4,912		5,530		-11.2	%		1,608		1,488		8.0	%		491		466		5.4	%		7,010		7,484		-6.3	%		466		732		-36.4	%		58,316		61,895		-5.8	%
Bariloche		970		1,033		-6.1	%		19		16		16.4	%		5		3		73.5	%		994		1,052		-5.5	%		-		-		-			7,427		8,064		-7.9	%
Catamarca		35		35		-2.4	%		-		-		-			3		3		9.7	%		38		38		-1.5	%		28		27		4.4	%		1,202		1,303		-7.8	%
C. Rivadavia		247		266		-7.5	%		-		0		-			3		4		-18.3	%		250		270		-7.6	%		281		210		33.8	%		3,236		3,522		-8.1	%
Córdoba		1,088		1,126		-3.3	%		304		252		20.5	%		1		10		-			1,393		1,388		0.4	%		435		700		-37.9	%		12,886		13,427		-4.0	%
El Palomar		-		0		-			-		-		-			-		-		-			-		0		-			-		-		-			2,506		1,910		31.2	%
Esquel		40		40		-0.4	%		-		0		-			0		0		-			40		40		-0.4	%		-		-		-			1,080		602		79.4	%
Ezeiza		1,302		1,348		-3.4	%		4,054		3,578		13.3	%		123		119		3.7	%		5,479		5,045		8.6	%		90,498		86,678		4.4	%		36,595		34,218		6.9	%
Formosa		51		48		6.9	%		-		0		-			-		-		-			51		48		6.9	%		36		23		58.5	%		721		793		-9.1	%
General Pico		-		-		-			-		-		-			-		-		-			-		-		-			-		-		-			567		365		55.3	%
Iguazú		675		757		-10.8	%		0		0		-			0		1		-			675		758		-10.9	%		-		-		-			5,160		5,666		-8.9	%
Jujuy		265		293		-9.6	%		-		0		-			2		4		-57.4	%		267		297		-10.2	%		131		29		352.7	%		2,291		2,698		-15.1	%
La Rioja		35		39		-10.2	%		-		-		-			4		4		8.4	%		39		43		-8.5	%		39		22		77.7	%		848		1,099		-22.8	%
Malargüe		-		0		-			-		-		-			-		0		-			-		1		-			-		-		-			364		329		10.6	%
Mar del Plata		171		162		5.0	%		-		0		-			4		4		-4.0	%		175		167		4.7	%		44		0		-			4,245		3,954		7.4	%
Mendoza		793		892		-11.1	%		280		233		20.5	%		13		8		51.3	%		1,086		1,133		-4.1	%		233		235		-1.2	%		10,050		10,517		-4.4	%
Paraná		18		24		-23.3	%		-		0		-			-		0		-			18		24		-24.3	%		-		-		-			1,614		1,840		-12.3	%
Posadas		168		208		-19.2	%		-		0		-			-		0		-			168		209		-19.3	%		51		43		18.4	%		1,895		2,320		-18.3	%
Pto Madryn		40		88		-54.1	%		-		-		-			-		0		-			40		88		-54.2	%		4		17		-76.7	%		338		730		-53.7	%
Reconquista		1		0		-			-		-		-			-		-		-			1		0		-			-		-		-			1,609		1,392		15.6	%
Resistencia		96		71		36.5	%		-		0		-			3		2		79.9	%		100		72		37.6	%		81		54		49.0	%		1,841		1,123		63.9	%
Río Cuarto		10		14		-26.5	%		-		-		-			-		0		-			10		14		-26.5	%		3		3		-23.5	%		335		399		-16.0	%
Río Gallegos		93		115		-19.5	%		0		0		-			4		5		-17.6	%		97		120		-19.4	%		130		126		2.6	%		1,906		2,502		-23.8	%
Río Grande		71		72		-1.1	%		-		0		-			0		1		-			71		73		-1.9	%		1,106		827		33.8	%		1,445		1,253		15.3	%
Salta		591		715		-17.3	%		22		5		382.1	%		0		2		-			614		722		-15.0	%		132		122		8.7	%		8,175		7,856		4.1	%

Page 35 of 41

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.
San Fernando		1		4		-			-		7		-			-		-		-			1		11		-			-		-		-			25,874		30,391		-14.9	%
San Juan		85		100		-15.2	%		-		0		-			-		0		-			85		100		-15.5	%		-		-		-			1,082		1,337		-19.1	%
San Luis		29		34		-13.6	%		-		0		-			-		-		-			29		34		-13.6	%		101		185		-45.5	%		744		1,508		-50.7	%
San Rafael		23		18		26.8	%		-		-		-			-		-		-			23		18		26.8	%		-		-		-			4,414		2,178		102.7	%
Santa Rosa		21		26		-19.6	%		-		-		-			0		0		-			21		26		-19.6	%		1		-		-			1,190		1,647		-27.7	%
Santiago del Estero		109		117		-7.2	%		-		0		-			-		0		-			109		117		-7.4	%		53		35		51.2	%		2,244		2,222		1.0	%
Tucumán		347		419		-17.3	%		-		0		-			0		1		-			347		420		-17.3	%		2		340		-99.4	%		3,289		3,958		-16.9	%
Viedma		15		19		-18.5	%		-		-		-			2		3		-42.6	%		17		22		-21.5	%		-		-		-			394		590		-33.2	%
Villa Mercedes		-		0		-			-		-		-			-		-		-			-		0		-			-		-		-			846		1,033		-18.1	%
Termas de Río Hondo		4		11		-60.9	%		-		0		-			0		0		-			4		11		-60.4	%		5		-		-			180		315		-42.9	%
Bahía Blanca		114		128		-10.3	%		-		-		-			6		8		-24.0	%		120		135		-11.1	%		68		105		-35.2	%		1,875		1,966		-4.6	%
Neuquén		502		544		-7.8	%		0		0		-			7		8		-1.6	%		509		552		-7.7	%		169		171		-1.5	%		5,839		6,219		-6.1	%
Total Argentina		12,922		14,297		-9.6	%		6,287		5,580		12.7	%		672		655		2.6	%		19,881		20,531		-3.2	%		94,096		90,687		3.8	%		214,623		223,141		-3.8	%

Italy
Pisa		599		638		-6.1	%		1,873		1,618		15.8	%		2		2		-19.4	%		2,474		2,259		9.5	%		6,325		6,653		-4.9	%		18,914		17,601		7.5	%
Florence		239		160		49.1	%		1,409		1,191		18.3	%		0		0		-			1,648		1,351		22.0	%		34		83		-58.5	%		19,308		17,441		10.7	%
Total Italy		838		798		5.0	%		3,282		2,809		16.9	%		2		2		-19.8	%		4,122		3,610		14.2	%		6,359		6,735		-5.6	%		38,222		35,042		9.1	%

Brazil
Natal⁽¹⁾		350		1,098		-68.1	%		16		39		-58.3	%		2		6		-69.8	%		368		1,143		-67.8	%		898		3,811		-76.4	%		3,076		8,982		-65.8	%
Brasilia		4,066		4,193		-3.0	%		319		258		23.8	%		2,659		2,779		-4.3	%		7,045		7,229		-2.6	%		30,000		27,722		8.2	%		66,781		70,672		-5.5	%
Total Brazil		4,417		5,291		-16.5	%		335		297		13.0	%		2,661		2,784		-4.4	%		7,413		8,372		-11.5	%		30,898		31,534		-2.0	%		69,857		79,654		-12.3	%

Uruguay
Carrasco		0		1		-			1,013		847		19.6	%		26		6		315.6	%		1,039		855		21.5	%		15,214		15,950		-4.6	%		10,898		10,134		7.5	%
Punta del Este		0		0		-			81		75		8.9	%		-		-		-			81		75		8.8	%		-		-		-			5,669		6,423		-11.7	%

Page 36 of 41

	Domestic Passenger Traffic (in thousands)							International Passenger Traffic (in thousands)							Transit Passengers (in thousands)							Total Passenger Traffic (in thousands)							Cargo Volume (in tons)							Aircraft Movements
	YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.			YTD-24		YTD-23		% Var.
Total Uruguay		1		2		-			1,094		922		18.7	%		26		6		315.6	%		1,120		930		20.5	%		15,214		15,950		-4.6	%		16,567		16,557		0.1	%

Ecuador
Guayaquil		895		1,001		-10.7	%		1,087		1,059		2.6	%		38		34		9.5	%		2,019		2,095		-3.6	%		16,350		13,120		24.6	%		34,403		36,208		-5.0	%
Galápagos		265		290		-8.7	%		-		-		-			-		-		-			265		290		-8.7	%		2,744		2,813		-2.5	%		3,001		3,469		-13.5	%
Total Ecuador		1,160		1,292		-10.2	%		1,087		1,059		2.6	%		38		34		9.5	%		2,284		2,385		-4.2	%		19,094		15,934		19.8	%		37,404		39,677		-5.7	%

Armenia
Zvartnots		-		-		-			2,309		2,359		-2.1	%		-		-		-			2,309		2,359		-2.1	%		17,343		15,101		14.8	%		17,650		20,411		-13.5	%
Shirak		-		-		-			48		40		19.9	%		-		-		-			48		40		19.9	%		-		-		-			310		236		31.4	%
Total Armenia		-		-		-			2,356		2,399		-1.8	%		-		-		-			2,356		2,399		-1.8	%		17,343		15,101		14.8	%		17,960		20,647		-13.0	%
Total CAAP		19,337		21,679		-11	%		14,441		13,065		11	%		3,399		3,482		-2	%		37,177		38,226		-3	%		183,005		175,941		4	%		394,633		414,718		-5	%

(1)

Following the friendly termination process concluded in February 2024, CAAP no longer operates Natal airport. Statistics for Natal are available up to February 18, 2024.

Page 37 of 41

Income Statement (in US$ thousands)

	2Q24	2Q23	% Var.		6M24	6M23	% Var.
Continuing operations
Revenue	416,248	422,718	-1.5	%	880,438	809,399	8.8	%
Cost of services	-286,074	-279,973	2.2	%	-572,421	-528,965	8.2	%
Gross profit	130,174	142,745	-8.8	%	308,017	280,434	9.8	%
Selling, general and administrative expenses	-43,779	-40,162	9.0	%	-90,609	-78,966	14.7	%
Impairment loss of non-financial assets			-		-	-47	-
Other operating income	7,465	8,846	-15.6	%	14,219	14,157	0.4	%
Other operating expenses	-994	-987	0.7	%	-3,882	-1,742	122.8	%
Operating income	92,866	110,442	-15.9	%	227,745	213,836	6.5	%
Share of loss in associates	-47	-88	-46.6	%	-264	-89	196.6	%
Income before financial results and income tax	92,819	110,354	-15.9	%	227,481	213,747	6.4	%
Financial income	17,566	18,065	-2.8	%	37,820	30,475	24.1	%
Financial loss	-8,707	-38,429	-77.3	%	171,396	-88,250	-294.2	%
Inflation adjustment	-1,572	-10,810	-85.5	%	-16,817	-13,976	20.3	%
Income before income tax	100,106	79,180	26.4	%	419,880	141,996	195.7	%
Income tax	-45,629	1,641	-2880.6	%	-172,104	-36,319	373.9	%
Income for the period	54,477	80,821	-32.6	%	247,776	105,677	134.5	%
Attributable to:
Owners of the parent	50,226	69,775	-28.0	%	219,900	102,098	115.4	%
Non-controlling interest	4,251	11,046	-61.5	%	27,876	3,579	678.9	%

Page 38 of 41

Balance Sheet (in US$ thousands)

	Jun 30, 2024			Dec 31, 2023
ASSETS
Non-current assets
Intangible assets, net		3,091,450			2,520,965
Property, plant and equipment, net		78,556			74,919
Right-of-use asset		11,228			10,493
Investments in associates		11,803			11,992
Other financial assets at fair value through profit or loss		2,554			5,979
Other financial assets at amortized cost		73,455			61,090
Derivative financial instruments		67			69
Deferred tax assets		49,075			62,712
Inventories		317			318
Other receivables		46,284			42,640
Trade receivables		376			889
Total non-current assets		3,365,165			2,792,066
Current assets
Inventories		10,770			16,148
Other financial assets at fair value through profit or loss		3,347			4,884
Other financial assets at amortized cost		105,778			83,142
Other receivables		56,699			145,549
Current tax assets		4,738			3,779
Trade receivables		138,581			126,560
Cash and cash equivalents		439,413			369,848
Total current assets		759,326			749,910
Total assets		4,124,491			3,541,976
EQUITY
Share capital		163,223			163,223
Share premium		183,430			183,430
Treasury shares		(4,322	)		(4,322	)
Free distributable reserve		378,910			378,910
Non-distributable reserve		1,358,028			1,358,028
Currency translation adjustment		(173,735	)		(482,852	)
Legal reserves		7,419			3,676
Other reserves		(1,313,526	)		(1,313,888	)
Retained earnings		654,932			438,775
Total attributable to owners of the parent		1,254,359			724,980
Non-controlling interests		175,780			78,929
Total equity		1,430,139			803,909
LIABILITIES
Non-current liabilities
Borrowings		1,071,790			1,133,549
Deferred tax liabilities		314,205			137,315
Other liabilities		721,488			768,364
Lease liabilities		8,678			10,294

Page 39 of 41

	Jun 30, 2024		Dec 31, 2023
Trade payables		2,502		2,617
Total non-current liabilities		2,118,663		2,052,139
Current liabilities
Borrowings		150,576		199,688
Other liabilities		308,793		345,864
Lease liabilities		3,672		3,687
Current tax liabilities		10,170		23,921
Trade payables		102,478		112,768
Total current liabilities		575,689		685,928
Total liabilities		2,694,352		2,738,067
Total equity and liabilities		4,124,491		3,541,976

Page 40 of 41

Statement of Cash Flow (in US$ thousands)

	Jun 30, 2024			Jun 30, 2023
Cash flows from operating activities
Income for the period from continuing operations		247,776			105,677
Adjustments for:
Amortization and depreciation		96,205			90,024
Deferred income tax		158,866			20,669
Current income tax		13,238			15,650
Share of loss in associates		264			89
Impairment loss of non-financial assets		-			47
Loss on disposals of property, plant and equipment		262			13
Low value, short term and variable lease payments		(550	)		(1,707	)
Share based compensation expenses		321			580
Collection of government grants		-			383
Government grants		-			(3,550	)
Interest expenses		54,237			56,207
Other financial results, net		(8,001	)		(20,864	)
Net foreign exchange		(279,208	)		(26,842	)
Other accruals		(1,626	)		732
Inflation adjustment		9,097			9,749
Acquisition of intangible assets		(94,519	)		(96,774	)
Income tax paid		(23,646	)		(16,070	)
Income due to concession compensation		90,609			-
Unpaid concession fees		32,990			35,891
Changes in liability for concessions		47,585			54,095
Changes in working capital		(85,013	)		(52,345	)
Net cash provided by operating activities		258,887			171,654
Cash flows from investing activities
Cash contribution in associates		(45	)		(100	)
Acquisition of other financial assets		(93,308	)		(38,594	)
Disposals of other financial assets		63,600			45,092
Acquisition of property, plant and equipment		(4,654	)		(4,921	)
Acquisition of intangible assets		(568	)		(373	)
Proceeds from property, plant and equipment		15			14
Other		4,248			248
Net cash (used in) provided by investing activities		(30,712	)		1,366
Cash flows from financing activities
Loans obtained		141,231			72,711
Guarantee deposits		1,804			(305	)
Principal elements of lease payments		(2,250	)		(2,161	)
Loans repaid		(218,429	)		(102,469	)
Interest paid		(50,779	)		(53,603	)
Debt renegotiation expenses		(1,900	)		-
Dividends paid to non-controlling interests in subsidiaries		(6,580	)		(7,828	)
Net cash used in financing activities		(136,903	)		(93,655	)

Increase in cash and cash equivalents from continuing operations		91,272			79,365

Movements in cash and cash equivalents
At the beginning of the period		369,848			385,265
Effect of exchange rate changes and inflation adjustment on cash and cash equivalents		(21,707	)		(16,134	)
Increase in cash and cash equivalents from continuing operations		91,272			79,365
At the end of the period		439,413			448,496

Page 41 of 41

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