Shares: Shares representing the Company's capital stock.
Ordinary shares: Ordinary, nominative shares, with full voting rights, Class I, without par value, representing the fixed portion of the Company's capital stock.
Series "L" shares: Nominative Series “L” shares, with limited voting rights, without par value, representing the fixed portion of the Company's capital stock.
Main Shareholders: David Peñaloza Sandoval, Adriana Graciela Peñaloza Alanís, and David Peñaloza Alanís.
ADR: American Depositary Receipts.
APIA: Administración Portuaria Integral de Altamira, S.A. de C.V., the original holder of the concession for the Altamira Port Terminal.
ARKA: Casa de Bolsa Arka, S.A. de C.V.
Concessioned toll roads: Highways built and operated by the Company under concessions granted to its subsidiaries.
ATISA: Autopista Tenango-Ixtapan de la Sal, S.A. de C.V., a subsidiary of the Company.
AUCAL: Autopistas Concesionadas del Altiplano, S.A. de C.V., original holder of the concession for the Tlaxcala-San Martín Texmelucan toll road.
Bancomext: Banco Nacional de Comercio Exterior, S.N.C., Development Banking Institution.
BANOBRAS: Banco Nacional de Obras y Servicios Públicos, S.N.C., Development Banking Institution.
BMV: Bolsa Mexicana de Valores, S.A.B. de C.V.
Circular Única: General provisions applicable to securities issuers and other market participants, issued by the Secretariat of Finance and Public Credit (Secretaria de Hacienda y Crédito Público, “SHCP” for its Spanish acronym) through the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, “CNBV” for its Spanish acronym) and published in the Official Gazette of the Federation on March 19, 2003 , including all amendments thereto.
CAPUFE: Federal Roads and Bridges and Related Services (Caminos y Puentes Federales, “CAPUFE” for its Spanish acronym), a decentralized public body that currently operates and maintains a substantial portion of the highways owned by the federal government.
CAM: Concesionaria de Autopistas de Morelos, S.A. de C.V., a subsidiary of the Company.
CENART: Contract for the Financing of the Architectural and Executive Projects, and the Construction and Equipment of the Parking Building with space for 1008 Vehicles of the National Center for the Arts, dated July 4, 1994.
CEPSA: Concesionaria Ecatepec-Pirámides, S.A. de C.V., a subsidiary of the Company that merged with PAPSA.
Cetes: Treasury Certificates.
CONAGUA: Spanish acronym of Mexico’s National Water Commission (Comisión Nacional de Agua).
CNBV: Spanish acronym of the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores).
COFECE: Spanish acronym of the Federal Economic Competition Commission (Comisión Federal de Competencia Económica).
CONCEMEX: Concemex, S.A. de C.V., a subsidiary of the Company that merged with CPAC.
Concession for the Elevated Viaduct of the Mexico-Puebla Highway: Concession granted to LEP by the Puebla state government through Carreteras de Cuota Puebla for the construction, commercial exploitation, operation, preservation, and maintenance of the Elevated Viaduct over the Mexico-Puebla federal highway, from KM 115+000 to KM 128+300.
East Highway Package Concession: Concession originally granted to PAPSA by the Puebla state government (subsequently to VCCPAPSA as a result of the spin-off of PAPSA; subsequently to VCO as a result of the merger with VCCPAPSA; and, currently to Promotora PP as a result of the merger between GCM, VCO and Zonalta, ending with the partial spin-off of GCM), now held by Promotora PP, S. A. de C.V. to operate, commercially exploit, preserve, and maintain the Puebla toll road bundle comprising the Apizaco-Huauchinango, Virreyes-Teziutlán and Atlixcáyotl highways.
Concession for the Armería – Manzanillo Highway: Concession granted to PAPSA (VCCPacífico as a result of the spin-off of PAPSA, later to Zonalta, as a result of the merger with VCCCPacífico, the merger between GCM, VCO and Zonalta took place, ending with the partial spin-off of GCM and being granted to Impulsora de Vías SMT y AM, which changed its name to Promovías Terrestres, S. A. de C.V., which changed its name to Promovías Terrestres, S. A. de C. V., S.A. de C.V., which changed its name to Promovías Terrestres, S. A. de C.V., S.A. de C.V. A. de C.V., which is currently the holder of the concession granted by the federal government, through the SCT, for the construction, operation, and maintenance of the Armería-Manzanillo section of the Colima-Manzanillo highway, which has an approximate length of 37 km.
Concession for the Atlixco-Jantetelco Highway: Concession granted to CONCEMEX (currently CPAC as a result of a merger) by the Puebla state government, through the SCT, for the construction, operation, and maintenance of (i) the Atlixco-San Bartolo-Cohuecán section, and (ii) the Cohuecán-Acteopan section.
Concession for the Mexico-Toluca Highway: Concession granted to PACSA by the federal government, through the SCT, for the construction, operation, and maintenance of the four-lane asphalt section of the Constituyentes and Reforma-La Venta toll road, with an approximate length of 19 km, of the Mexico-Toluca highway, as well as the Marquesa-Lerma section.
Concession for the Monterrey-Nuevo Laredo Highway: Concesionaria Monterrey - Nuevo Laredo, S.A. de C.V., S.A. de C.V., concessionaire of the La Gloria-San Fernando section of the Monterrey - Nuevo Laredo Highway, in which it has a 96% participation through PINFRA with 48% and GCM with 48%, the remaining 4% is divided between the trusts F/2695 with 3% and F/3436 with 1%, managed by Ainda, Energía & Infraestructura, S.A.P.I. de C.V.
Concession for the Morelia-Aeropuerto Highway: Concession granted to Purépecha by the government of the Michoacán state government, for the construction, operation, use, preservation, and maintenance of a two-lane asphalt highway section with an approximate length of 23 km.
Concession for the Pátzcuaro-Uruapan-Lázaro Cárdenas Highway: Concession granted to Concesionaria de Autopistas de Michoacán, S.A. de C.V., by the federal government through the SCT to (i) build, operate, commercially exploit, preserve, and maintain for 30 years the Morelia and Uruapan freeways, and (ii) build, operate, exploit, preserve, and maintain the high-spec Pátzcuaro-Uruapan- Lázaro Cárdenas highway and the modernization works associated with the aforementioned asset.
Concession for the Peñón-Texcoco Highway: Concession granted by the federal government to the government of the State of Mexico and assigned by the latter to CPAC, for the construction of the missing parts in the existing section, the operation, and maintenance of a four-lane asphalt highway section with an approximate length of 15.6 km.
Concession for the Pirámides-Ecatepec-Peñón Highway: Concession granted to CPAC by the Sonora state government, through the State Commission of Assets and Concessions, for the construction, operation, exploitation, preservation, and maintenance of a two-lane highway section with an approximate length of 48.2 km.
Concession for the San Luis Río Colorado-Estación Doctor Highway: Concession granted to CPAC by the Sonora state government, through the State Commission of Assets and Concessions, for the construction, operation, exploitation, preservation, and maintenance of a two-lane highway section with an approximate length of 48.2 km.
Concession for the Santa Ana-Altar Highway: Concession granted by the federal government to the Sonora state government and assigned by the latter to Zonalta, for the works necessary to modernize 10.5 m of the right lane of the Santa Ana-Altar section and to extend to 12 meters the kerb of the Altar-Piquito section, as well as for the operation, preservation, and maintenance of a section of two asphalt lanes and two concrete lanes with an approximate length of 73 km, of federal highway No. 2 in the same State.
Concession for the Siglo XXI Highway: Concession granted to CAM by the federal government, through the SCT, to build, operate, exploit, preserve, and maintain the "Siglo XXI" Type A2 Highway, "Jantetelco-El Higueron (Xicatlacotla)" section, with a length of 61.8 kilometers.
Concession for the Tenango-Ixtapan de la Sal Highway: Concession granted to ATISA by the government of the State of Mexico, for the construction of the La Finca-Ixtapan de la Sal section and the operation, management, and maintenance of the two-lane asphalt highway with an approximate length of 40.15 kilometers, called Tenango-Ixtapan de la Sal.
Concession for the Tlaxcala-San Martin Texmelucan Highway: Concession granted to AUCAL by the federal government, through the SCT, subsequently assigned by AUCAL to PAPSA, subsequently held by Zonalta (as a result of the merger with VCCPacífico, which in turn received the concession from the spin-off of PAPSA), and currently being held by Autovías San Martín Texmelucan, S.A. de C.V. (as a result of the merger between GCM, VCO and Zonalta, ending with the partial spin-off of GCM and the partial spin-off of Impulsora de Vías SMT and AM, now Promovías Terrestres), for the construction, operation, commercial exploitation, preservation, and maintenance of a subsection of four asphalt lanes, with an approximate length of 25.5 km, of the highway that connects the city of Tlaxcala with San Martín Texmelucan, Puebla.
Concession for the Tlaxcala-Puebla Highway: Concession granted to CONCEMEX (currently CPAC due to a merger) by the government of the State of Tlaxcala, for the construction, operation, and maintenance of a section of two asphalt lanes, with an approximate length of 16 km, of the Tlaxcala-Puebla highway.
Concession for the Zitácuaro-Lengua de Vaca Highway: Concession granted to Monarca (currently CPAC due to a merger) by the government of the State of Michoacán, for the operation, exploitation, preservation, and maintenance of a two-lane asphalt highway section, with an approximate length of 11.8 km, located in the limits of the State of Michoacán with the State of Mexico.
Concession for the Altamira Port Terminal: Concession for the commercial exploitation and operation of Altamira’s second multipurpose port terminal, granted to APIA by the federal government, through the SCT, and subsequently assigned by APIA to IPM through the Concession Assignment Contract for the Altamira Port Terminal.
Concesionaria de Autopistas de Michoacan: Concesionaria de Autopistas de Michoacán, S.A. de C.V., concessionaire of the Pátzcuaro-Uruapan-Lázaro Cárdenas Highway, in which it has a 1% participation through PINFRA and 99% through Banco Invex, S.A. IBM, Invex Grupo Financiero, as trustee of the Irrevocable Trust F/2886.
Concession Assignment Agreement for the Elevated Viaduct of the Mexico-Puebla Highway: Assignment agreement dated August 20, 2014, whereby OHL assigned to LEP the rights derived from the concession for the Elevated Viaduct of the Mexico-Puebla Highway.
Concession Assignment Agreement for the Peñón-Texcoco Highway: Assignment agreement dated May 18, 1993, between the government of the State of Mexico and CPAC, whereby the government of the State of Mexico assigned to CPAC the concession for the Peñón-Texcoco Highway, through a partial spin-off of CPAC, the concession was assigned to Desarrollo Global de Concesiones S.A. de C.V., the current holder.
Concession Assignment Agreement for the Tlaxcala-San Martín Texmelucan Highway: Assignment agreement dated November 19, 2010, between AUCAL and PAPSA, whereby AUCAL assigned to PAPSA the concession for the Tlaxcala-San Martín Texmelucan Highway, as well as certain rights derived from a lawsuit filed by AUCAL against the government of the State of Tlaxcala.
Concession Assignment Agreement for the Altamira Port Terminal: Assignment agreement dated April 19, 1996, among APIA, IPM, Grupo Tribasa, and Tribade, whereby APIA assigned to IPM its rights and obligations on the concession for the Altamira Port Terminal.
Deposit Agreement: Deposit agreement dated September 29, 1993, entered into by the Company with Bank of New York Mellon (formerly New York Bank), the latter acting as depositary.
CPAC: Concesionaria Pac, S.A. de C.V., a subsidiary of the Company.
Dollar, Dollars, USD or U.S.$: Dollars, legal tender of the United States.
Atlixco-Jantetelco 2006 issuance: The 1,438,418 domestic notes for a total principal amount of 143.8 million UDIs, issued on September 14, 2006 by the Issuer Trust for the Atlixco-Jantetelco Highway, which were listed on the BMV under the ticker symbol "CONCECB 06U".
Mexico-Toluca 2006 issuance: The 11,137,473 preferred domestic notes and the 3,646,559 subordinated domestic notes for a total principal amount of 1,511.9 million UDIs, issued on April 7, 2006 by the Issuer Trust for the Mexico-Toluca Highway, which are listed on the BMV under the ticker symbols "PADEIM 06U" and "PADEIM 06-2U", respectively.
Mexico-Toluca 2009 issuance: The 2,415,386 domestic notes for a total principal amount of 241.5 million UDIs, issued on March 19, 2009 by the Issuer Trust for the Mexico-Toluca Highway, which are listed on the BMV under the ticker symbol "PADEIM 09-U".
Peñón-Texcoco 2004 issuance: The 18,500,000 domestic notes for a total principal amount of approximately Ps.1.9 billion, issued on December 17, 2004 by the Issuer Trust for the Peñón-Texcoco Highway, which are listed on the BMV under the ticker symbol "CPACCB 04".
Santa Ana-Altar 2006 issuance: Together, the 2,117,395 preferred domestic notes for a total principal amount of 211.7 million UDIs, maturing on December 14, 2033, traded under the ticker symbol "ZONALCB 06U"; the 846,958 subordinated domestic notes, for a total principal amount of 84. 7 million UDIs, maturing on December 14, 2034, traded under the ticker symbol "ZONALCB 06-2U"; and, 1,279,437 convertible preferred domestic notes, for a total principal amount of 127.0 million UDIs, maturing on December 14, 2034, traded under the ticker symbol "ZONALCB 06-3U". These notes were issued on December 14, 2006 and are the result of the resolutions adopted by the General Meeting of Trust Bondholders that approved the partial prepayment of the original trust bonds under the ticker symbol "ZONALBC 06U".
Tenango-Ixtapan de la Sal 2014 issuance: The 1,580,579 domestic notes for a total principal amount of 158.0 million UDIs, issued on February 17, 2014 by the Issuer Trust for the Tenango-Ixtapan de la Sal Highway, listed on the BMV under the ticker symbol "TENIXCB 14U".
US or U.S.A.: The United States of America.
Exper: Experconstructores Zacatecana. S.A. de C.V. (formerly Triturados Basálticos y Derivados, S.A. de C.V.), a subsidiary of the Company.
Peñaloza family: David Peñaloza Sandoval, Adriana Graciela Peñaloza Alanís, and David Peñaloza Alanís.
FARAC: Fideicomiso de Apoyo para el Rescate de Autopistas Concesionadas (Support Trust for the Rescue of Concessioned Highways).
Armería-Manzanillo Highway Management Trust: Trust created as per the trust agreement dated April 1, 2010, between PAPSA, as trustor and trustee, and CIBANCO, S.A., Institución de Banca Múltiple, División Fiduciaria, as fiduciary, for the purpose of managing all payments related to the Armería-Manzanillo Highway Concession.
Morelia-Airport Highway Management Trust: Trust created as per the irrevocable management and source of payment trust agreement dated February 9, 2007, between Purépecha, as trustor and trustee, and HSBC México, S.A. Institución de Banca Múltiple, Grupo Financiero HSBC, Fiduciary Division, as fiduciary (subsequently substituted by Banco Inbursa, S. A. Institución de Banca Múltiple, Grupo Financiero HSBC, Fiduciary Division, as trustee (subsequently substituted by Banco Inbursa, S. A. Institución de Banca Múltiple, Grupo Financiero Inbursa, as a result of an agreement dated September 30, 2009, between such institution and the parties of the trust agreement), for purposes of managing all payments related to the Morelia-Airport Highway Concession.
Pirámides-Ecatepec-Peñón Highway Management Trust: Trust created as per the trust agreement dated April 1, 2010, between PAPSA as trustor, and CIBANCO, S.A. Institución de Banca Múltiple, Fiduciary Division, as fiduciary, for the purpose of managing the road fees generated by the Pirámides-Ecatepec-Peñón Highway Concession.
San Luis Río Colorado-Estación Doctor Highway Management Trust: Trust created as per the investment, management, and source of payment trust agreement dated September 8, 2008, between CPAC, as trustor and trustee, and Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, Fiduciario, as fiduciary, for the purpose of managing all payments generated by the San Luis Río Colorado-Estación Doctor Highway Concession.
San Martin Texmelucan Highway Management Trust: Trust created as per the irrevocable trust agreement dated November 19, 2010, between PAPSA, as trustor and trustee, and Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, as fiduciary, for the purpose of managing all payments generated by the Concession for the Tlaxcala-San Martín Texmelucan Highway.
Zitácuaro-Lengua de Vaca Highway Management Trust: Trust created as per the irrevocable management and source of payment trust agreement dated October 30, 2007, between Monarca (currently CPAC as a result of a merger) as trustor and trustee, and HSBC México, S.A. Institución de Banca Múltiple, Grupo Financiero HSBC, División Fiduciaria, as subsidiary (subsequently substituted by Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, Fiduciario, as per agreement dated October 5, 2009, between such institution and the parties of the trust agreement), for the purpose of managing all payments related to the Zitácuaro-Lengua de Vaca Highway Concession.
Issuing Trust for the Atlixco-Jantetelco Highway: Trust created as per the irrevocable management and source of payment trust agreement dated September 15, 2006, between CONCEMEX (currently CPAC due to a merger) ( for the Atlixco-San Bartolo-Cohuecán Section) and RCA (for the Morelos Section), as trustors; Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, Fiduciario, as trustee; and Monex, as common representative of the holders, for the purpose of issuing notes for a total principal amount of Ps.143.8 million.
Issuer Trust for the Mexico-Toluca Highway (2003): Trust created as per the irrevocable trust agreement dated September 19, 2003, between PACSA, as trustor, BANCOMEXT, as trustee, and MBIA, as underwriter, for the purposes of issuing domestic notes for a total principal amount equivalent to up to 1,458 million UDIs.
Issuer Trust for the Mexico-Toluca Toll Road: Trust created as per the irrevocable trust agreement dated April 3, 2006, between PACSA, as trustor, Nafin, as trustee, MBIA, as underwriter, and Monex, as common representative of the holders, for the purposes of issuing domestic notes under the PADEIM.
Issuer Trust for the Peñón-Texcoco Highway: Trust created as per the irrevocable trust agreement dated December 17, 2004, between CPAC, as trustor, Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, as trustee, and ARKA, as common representative of the holders, for the purposes of issuing domestic notes for a total principal amount of Ps.1.85 billion.
Issuer Trust for the Santa Ana-Altar Highway: Trust created as per the irrevocable management and source of payment trust agreement dated August 30, 2006, between Zonalta, as trustor, Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, as trustee, and Monex, as common representative of the holders, for the issuance of domestic notes for a total principal amount of Ps.1.6 billion.
Issuer Trust for the Tenango-Ixtapan de la Sal Highway: Trust created as per the irrevocable trust agreement dated December 11, 2013, between ATISA and Pinseco, subsidiaries of the Company, as trustors and Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, as trustee, for purposes of issuing domestic notes for a total principal amount of 158,057,900 UDIs.
FONADIN: Spanish acronym of National Infrastructure Fund (Fondo Nacional de Infraestructura, formerly Fondo de Inversión en Infraestructura, also known as FINFRA for its Spanish acronym).
GCI: Grupo Corporativo Interestatal, S.A. de C.V., a subsidiary of the Company.
IASB: International Accounting Standards Board.
IFRIC: International Financial Reporting Standards Interpretations Committee.
IFRS: International Financial Reporting Standards issued by the IASB.
Indeval: S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V., Mexico’s central securities depository.
Average Daily Income: The total income reported during a given period, divided by the number of days in that period.
INPC: National Consumer Price Index.
IPM: Infraestructura Portuaria Mexicana, S.A. de C.V., a subsidiary of the Company.
ISR: Spanish acronym of Income Tax.
IVA: Spanish acronym of Value Added Tax.
LGSM: Spanish acronym of General Law of Mercantile Corporations (Ley General de Sociedades Mercantiles).
LEP: Libramiento Elevado de Puebla, S.A. de C.V., a subsidiary of the Company.
Right of Way Release: The necessary authorization to use a previously occupied property to build and operate a certain concessioned project, subject to the payment of compensation or the price applicable in the event of expropriation or purchase of such property, respectively.
LMV: Means the Mexican Securities Market Law (Ley del Mercado de Valores).
MBIA: MBIA Insurance Corporation.
MC: Mexicana de Cales, S.A. de C.V., a subsidiary of the Company.
Mexico: United Mexican States.
Monarca: Concesionaria Monarca, S.A. de C.V., a subsidiary of the Company (now CPAC by as a result of a merger).
Nafin: Means Nacional Financiera, S.N.C., Institución de Banca de Desarrollo.
NYSE: The New York Stock Exchange.
OMECA: Operadora Metropolitana de Carreteras, S.A. de C.V., a subsidiary of the Company (on July 31, 2015, Operadora Mexicana de Carreteras merged with OPERTIV).
PACSA: Promotora y Administradora de Carreteras, S.A. de C.V., a subsidiary of the Company.
PADEIM: AAA Program for the Development of Infrastructure in Mexico, involving the issuance of domestic notes for a total authorized amount of up to Ps.25 billion, established by Nafin.
PAPSA: Promotora de Autopistas del Pacífico, S.A. de C.V., a subsidiary of the Company.
Michoacan Bundle: The four sections that are part of the Concession for the Pátzcuaro-Uruapan-Lázaro Cárdenas Highway. The Company owns 100% of the capital stock, 1% through PINFRA and 99% through Banco Invex, S.A. IBM, Invex Grupo Financiero, as trustee of the Irrevocable Trust F/2886 of the concessionary company of the highways that make up the Michoacán Bundle, therefore it is not consolidated in the Company's financial statements.
Eastern Highway Bundle: Concession granted to PAPSA by the government of the State of Puebla (subsequently to VCCPAPSA as a result of the spin-off of PAPSA; subsequently to VCO due to the merger with VCCPAPSA) and currently held by Promotora PP (as a result of the merger between GCM, VCO and Zonalta, ending with the partial spin-off of GCM), to operate, commercially exploit, preserve, and maintain the Puebla highway bundle comprising the Apizaco-Huauchinango, Virreyes-Teziutlán and Atlixcáyotl highways.
Pesos, $ o M.N.: Mexican pesos, legal tender in Mexico.
GDP: Gross domestic product.
PINFRA, the Company or the Issuer: Both Promotora y Operadora de Infraestructura, S.A.B. de C.V., individually, and Promotora y Operadora de Infraestructura, S.A.B. de C.V., together with its subsidiaries.
Pinseco: Pinfra Sector Construcción, S.A. de C.V., a subsidiary of the Company.
Altipac Plant: The Company's asphalt and aggregate products plant, located on the Mexico-Puebla highway.
Greenfield project: A new project to be built.
Brownfield project: A project that has been fully constructed or requires additional construction or partial reconstruction.
Infrastructure project: All those projects derived from concessions (including Public-Private Partnership Contracts) and the materials and supplies sector, in which the Company participates individually or jointly.
Purépecha: Concesionaria Purépecha, S.A. de C.V., an affiliate in which the Company has a 50% stake.
RCA: Región Central de Autopistas, S.A. de C.V., current holder of the concession for the Morelos Section.
RNV: Spanish acronym of the National Securities Registry (Registro Nacional de Valores).
SEC: Securities and Exchange Commission of the United States.
SEDI: Spanish acronym of the Electronic System for Sending and Distributing Information (Sistema Electrónico de Envío y Difusión de Información).
SEMARNAT: Means the Secretariat of the Environment and Natural Resources (Secretaría del Medio Ambiente y Recursos Naturales).
SHCP: Means the Secretariat of Finance and Public Credit (Secretaría de Hacienda y Crédito Público).
SIC: Means the International Quotes System (Sistema Internacional de Cotizaciones).
SIFIC: Spanish acronym of the Financial and Accounting Information System for Issuers (Sistema de Información Financiera y Contable de las Emisoras).
Real Annual Rate of Return: The Company's annual rate of return, adjusted to reflect the effects of inflation.
TC: Tribasa Construcciones, S.A. de C.V., a subsidiary of the Company.
CAGR: Compound annual growth rate.
TIIE: Means the Interbank Equilibrium Interest Rate (Tasa de Interés Interbancaria de Equilibrio).
Equivalent Traffic: A metric used by the Company to measure vehicle traffic on its highways. It means the total number of vehicles that circulated on a given highway, which is calculated based on the type of vehicle, dividing the total amount collected by type of vehicle at each toll booth by the total toll collected on the same highway.
Average Daily Traffic or ADT: The daily traffic in vehicle equivalents, which is calculated by dividing the accumulated equivalent traffic during a given period by the number of days included in the same period.
Apizaco-Huauchinango Section: The road section with an approximate length of 63.0km, located in the State of Puebla.
Atlixco-San Bartolo-Cohuecán Section: The two-lane asphalt road section, with an approximate length of 38 km, linking Atlixco and San Bartolo in the State of Puebla.
Cohuecán-Acteopan Section: The two-lane road section, with an approximate length of 10.6 km, connecting Cohuecán and Acteopan in the State of Puebla.
Ecatepec-Peñón Section: The four-lane asphalt road section, with an approximate length of 18 km, in the State of Mexico.
Morelos Section: The two-lane concrete highway section, with an approximate length of 6.5 km, connecting Huazulco and Jantetelco in the State of Morelos, concessioned to RCA by the Morelos state government and operated by OMECA.
Pirámides-Ecatepec Section: The four-lane asphalt highway section, with an approximate length of 22.2 km, located between Mexico City and the State of Mexico.
Via Atlixcáyotl Section: The road section with an approximate length of 18.6 km, located in the State of Puebla.
Virreyes-Texiutlán Section: The road section with an approximate length of 60.9km, located in the State of Puebla.
UDIs: Means Investment Units (Unidades de Inversión).
EBITDA: Earnings Before Interest, Tax, Depreciation and Amortization.
VCCPacífico: Vías de Comunicación del Centro y Pacífico, S.A. de C.V., a subsidiary of the Company, which merged with Zonalta.
VCCPAPSA: Vías Concesionadas de Carreteras PAPSA, S.A. de C.V., a subsidiary of the Company, which merged with VCO.
VCO: Vías Concesionadas de Oriente, S.A. de C.V., a subsidiary of the Company, which merged with GCM and Zonalta.
Zonalta: Concesionaria Zonalta, S.A. de C.V., a subsidiary of the Company, which merged with GCM and VCO.