Juan Osuna replaces José Andrés de Oteyza as chairman of OHL México

April 29, 2016

Today, the General Ordinary Shareholders’ Meeting of OHL México has approved the appointment of Juan Osuna, CEO of OHL Concesiones, as the new chairman of OHL México. He is taking over from José Andrés de Oteyza, who has left the company after a 12-year skillful and successful leadership. José Andrés de Oteyza will continue his close relationship with the Villar Mir Group as an external advisor.

Juan Osuna, CEO of OHL Concesiones and, until now, vice-chairman of OHL México, will continue to boost the company, directing it towards a new growth cycle. He is a graduate in Civil Engineering, MBA Icade and Masters in Science from the University of Wisconsin. After holding senior positions in the consultancy sector, he joined OHL in 1998 to direct the Infrastructure Promotion department. Since OHL Concesiones was incorporated in 2000, he has been appointed general manager-director and is currently the company’s CEO.

1Q16 results of OHL México

OHL México is one of Mexico’s main private operators of transport infrastructure concessions and has ended the first quarter of 2016 with solid operating performance, as reflected in an increase in the company’s main P&L parameters.

Average daily vehicle traffic in the toll roads under a concession managed by OHL México has notably increased during the first three months of the year, with the following changes with respect to the same period in 2015: Mexiquense Beltway, 7%; Bicentennial Viaduct, 2.9%; Amozoc-Perote Toll Road, 15.1%; Northern Urban Toll Road, 9.4%; Western Urban Toll Road: 9.0%, and Luis Cabrera Elevated Viaduct, 9.5%.

As a result, the most relevant financial data for the first quarter of 2016 are the following:

  • Toll fee income: 15.5% increase, reaching 1,238.0 million pesos
  • Toll fee EBITDA: 15.3% increase, 867.2 million pesos
  • Toll fee EBITDA margin: 70.1% over toll fee income
  • Consolidated net profit: 35.0% increase, up to 2,145.3 million pesos