Gmr Airports Ltd · NSE:GMRAIRPORT
Gmr Airports — GMR Infrastructure — Non-Deal Roadshow (September 2020)
91 slides from Gmr Airports's roadshow presentation, Sep 25, 2020
Slide 1: Cover letter to stock exchanges: Investor Presentation
GMR Infrastructure Limited Corporate Office: New Udaan Bhawan, Opp. Terminal-3 Indira Gandhi International Airport New Delhi-11 0037 CIN: L45203MH1996PLC281138 T +91 11 42532600 F +91 11 47197181 W www.gmrgroup.in E Gii.Cosecy@gmrgroup.in September 25, 2020 BSE Limited, National Stock Exchange of In
Slide 2: Investor Presentation Non-Deal Roadshow September 2020
Investor Presentation Non-Deal Roadshow September 2020 0
Slide 3: Disclaimer
DISCLAIMER expectations, estimates, and projections of the directors and management of the Company about the business, industry and markets in which the Company and the All statements, graphics, data, tables, charts, logos, names, figures and all other GMR Group operates and such statements are not
Slide 4: Table of Contents
Table of Contents Particulars Pg. No. Group Overview 3-5 Business Update 6-10 Airports Business 11-25 Other Businesses 26-29 Managing COVID Impact 30-32 Key Takeaways 33-34 Annexures 35-44 2
Slide 5: Group Overview
Group Overview Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 6: One of the Oldest Infrastructure Conglomerates
One of the Oldest Infrastructure Conglomerates Over two decades of track record, consolidation aimed at creating shareholder value 1996-2008 2009-11 2012-14 2015-Today Near term Founded in 1996 T3 of Delhi Airport Won Cebu Airport Won concessions for 5 Deleverage Listed in 2006 commissioned in 37 mo
Slide 7: Leading Airport Focused Infrastructure Player
Leading Airport Focused Infrastructure Player Amongst the Largest 101 mm Private airport developers in the Passengers handled in FY20 across world, largest in India key gateway airports 7 nos. ~2,240 acres 65.6% Of airport assets under operations or Of land with strong RE development various stages
Slide 8: Business Update
Business Update Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 9: Strategic Partnership with Groupe ADP
Strategic Partnership with Groupe ADP Considerable synergistic advantages, bolstering GMR’s growth plans About Group ADP Investment Merits Strategic Rationale Leverage Expertise One of the largest airport groups in Creation of world-class Airport Development and Europe based out of Paris (France) ◼
Slide 10: Significant Move Towards Deleveraging
Significant Move Towards Deleveraging Transaction Details Minority stake sale of 49% in GMR Airports Ltd (GAL) ✓ INR 98.13bn received ▪ Tranche I: INR 52.5bn received in February 2020 ▪ Tranche II: INR 45.7bn received in July 2020 ─ Including INR 10bn primary capital @ GAL Investment ─ Balance secon
Slide 11: Business Separation to Unlock Value for Shareholders
Business Separation to Unlock Value for Shareholders GMR Infrastructure GMR Power and Key Highlights of Scheme of Arrangement Limited Urban Infra Limited • Vertical split demerger of the Non-Airport Business of GIL1 into GPUIL1 as a going concern Airport Non-Airport • Mirror shareholding of GIL in G
Slide 12: Visible Path to Deleveraging
Visible Path to Deleveraging GMR Consolidated Debt Plan to divest select assets across businesses Gross & Net Debt (INR bn) ^ Divestment Initiatives 321.0 58.0 ⚫ Recent capital raise to help largely aimed at deleveraging 263.0 Airports ⚫ Stable assets to generate robust cash flows towards servicing
Slide 13: Airports Vertical
Airports Vertical Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 14: One of the World's Leading Integrated Airport Platforms
One of the World’s Leading Integrated Airport Platforms India’s Largest Airport Operator Leading Integrated Large Market Among the Largest Airport Platform Opportunity in India Private Operators Globally Wide range of capabilities and One of the fastest growing aviation Portfolio of 7 marquee airpor
Slide 15: Portfolio of World Class Assets
Portfolio of World Class Assets Current PAX (FY20) DIAL, New Delhi, India (mn) • Marquee asset of PAX CAGR 67.3 66/119 national importance FY15–20 Crete, Greece Bhogapuram, India • Gateway to India – National Capital • Important Tourist Cargo CAGR 152 10.4% 45.99% with large catchment area • Strateg
Slide 16: Full Suite of Capabilities Across Airport Development & Operations
Full Suite of Capabilities Across Airport Development & Operations Training Academy Airport Development & Construction (EPC) IT Consulting Airport Operation Airport Advisory Airport Maintenance Real Estate Cargo Development Advertising Fuel Farm Car Park MRO F&B Duty Free Successful track record of
Slide 17: Some of The Best Rated Airports in The World
Some of The Best Rated Airports in The World Significant turnaround in service quality reflected in ASQ Rating Rising ASQ rating since inception DIAL ASQ Rating GHIAL ASQ Rating 4.96 4.99 OMDA 4.83 4.99 5.00 Requirement of ASQ 3.75 4.71 3.15 4.41 2008 2012 2017 2019 2008 2012 2017 2019 DIAL has unde
Slide 18: Pillars of Value Creation in Airport Development and Operations
4 Pillars of Value Creation in Airport Development and Operations Market Opportunity Further Complemented by a Well Defined Regulatory Model Airport EPC & Aero Non-Aero Real Estate Allied Services ▪ Regulated nature provides ▪ Strong play over India ▪ Large upside potential to ▪ Asset light business
Slide 19: 1. Aero Revenue
1. Aero Revenue Growth in aero revenue driven by substantially under-penetrated Indian markets Substantially under-penetrated … poised to grow substantially over …supported by robust growth aviation market medium to long run drivers Average Trips per capita1 Passengers (mm) 1,144 1.00 1.00 Supportiv
Slide 20: 1. Aero Revenue (Cont'd) - PAX and Cargo CAGR
1. Aero Revenue (Cont’d) Strong growth runway for Robust performance of assets in the high growth Indian market key assets (in millions) DIAL 119 17.7% 66 PAX CAGR (%) 15.0% 14.3% 14.6% GHIAL 80 11.7% 11.1% 10.0% 12 8.6% Goa 33 8 2.4% Cebu 28 DIAL GHIAL Goa Nagpur Mumbai Bangaluru Kolkata Chennai In
Slide 21: 1. Aero Revenue (Cont'd) - Regulated model
1. Aero Revenue (Cont’d) Regulated nature ensures strong visibility over cash flows RAB x FROR + D + OM + T – S = TR 1 RAB Opening project cost of airport determined by AERA with 4 5 future capex attributed to aeronautical development Well-Defined Cross Model Aero Tax Subsidization 1 WACC Regulatory
Slide 22: 2. Non-Aero Business
2. Non-Aero Business Significant growth in underlying industries Retail Cargo QSR Advertisement Total retail market size (US$ bn) Total cargo transported (mm tonnes) Total QSR Sales (in US$ bn)1 Advertising market size (US$ bn)1 1,750 17.0 5.5 13.4 2.4x 1.6x 1.8x 4.3 1,200 5.2x 8.4 950 2.3 3.3 2018
Slide 23: 2. Non-Aero Business (Cont'd)
2. Non-Aero Business (Cont’d) Delivering Significant Growth in Non Aero Business… …With Diversified Revenue Streams Non-aero revenue split (FY20) DIAL Non-aero Revenue1 (INR bn) DIAL Standalone Non Aero Mix Others 15% Retail (incl. Duty Free) 22.0 Ground 20.9 29% Handling 18.0 5% 15.3 Ads 13.6 7% 11
Slide 24: 3. Real Estate Business – DIAL and GHIAL
3. Real Estate Business – DIAL and GHIAL Delhi Airport Aerocity – Upcoming Central Business District in NCR Demonstrated Track Record of Monetization Prime Real Estate Strategic Location Long Lease Period Between Central Delhi 230 acres available for Land parcels available development (current CBD)
Slide 25: 4. Airport Development & Services
4. Airport Development & Services GADL: Providing Services across the Large Set of Addressable Opportunities Complete Suite of Capabilities with a Airport Lifecycle across India and Internationally Significant Base of Marquee Customers Capabilities Multiple Revenue India 400+ Streams Conceptualisati
Slide 26: Well Poised to Benefit from Domestic and Overseas Growth Opportunities
Well Poised to Benefit from Domestic and Overseas Growth Opportunities FY19 Traffic 3 Year Traffic Stringent Bid Evaluation Criteria focused on (MPPA) Growth India Opportunities Risk Minimization and Threshold Returns 3.16 2.52 2.79 2.05 Regulatory Growth Majority Scale Framework 23.11% 26.38% 26.25
Slide 27: Well Positioned to Become a Leading Growth Platform in the Global Airport Industry
Well Positioned to Become a Leading Growth Platform in the Global Airport Industry Well placed to tap opportunity in airport construction and O&M business Mix Of Marquee Assets – Large & Medium ◼ GADL to strategically capture value in ◼ DIAL: The largest airport in India Construction value chain ◼ C
Slide 28: Other Businesses
Other Businesses Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 29: Diversified Portfolio of Energy Assets
Diversified Portfolio of Energy Assets Key energy assets performing at healthy Recovery in gas based plant performance PLF, steady improvement over years Vemagiri (388 MW) Rajahmundry (768 MW) Kamalanga (Coal, 1050MW1) • 100% contracted under a long term PPA • 45% ownership Long term off-take PLF2 w
Slide 30: Transportation Assets
Transportation Assets Annuity Based Road Projects (133 kms) Toll Based Road Projects (216 kms) GPEL GCORRPL GACEPL GHVEPL Road GMR Shareholding 100% 90% 100% 90% Road Length (kms) 103 30 35 181 Concession 20 Years 20 Years 20 Years 25 Years Period (from Sep 2006) (from Jun 2010) (from May 2006) (fro
Slide 31: Urban Infrastructure – Potential to Unlock Substantial Value
Urban Infrastructure – Potential to Unlock Substantial Value Kakinada Special Investment Region Divestment1ofofGroup’s ✓ Divestment Group’sentire entirestake stakeininKSEZ KSEZ1 2 ▪ Signed Definitive Agreements for divestment by GSPHL3 of its entire 51% stake in KSEZ2 to Aurobindo Realty and Infrast
Slide 32: Managing COVID-19 Impact
Managing COVID-19 Impact Humility | Entrepreneurship | Teamwork a7/i Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 33: Effectively Managing COVID Impact on Airport Operations
Effectively Managing COVID Impact on Airport Operations Aligning Business Position Response Amidst Unprecedented Pandemic • Cash conservation through rescheduling of our Capex Vande Bharat ◼ Repatriation initiative by the Ministry of plan Mission Civil Aviation • Consolidation of infrastructures to
Slide 34: Green Shoots of Recovery Visible
Green Shoots of Recovery Visible Airport Business witnessing recovery of traffic post opening Energy Business - PLFs recovered substantially in on May 25th recent months Delhi Airport1,2,3 Apr-20 Sep-20 • Continuity of 90% 85% 1st Week 25-31 May 17th Week 14-20 Sep 85% power supply during the 52% 58
Slide 35: Key Takeaways
Key Takeaways Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 36: GMR Infrastructure – Key Takeaways
GMR Infrastructure – Key Takeaways 01 Significant deleveraging of the group via equity capital transaction with marquee partners 02 Pure play airport business on the cards – to drive GMR’s leadership in airports business Strong underlying macro fundamentals, including fast growing aviation market in
Slide 37: Annexures
Annexures Humility | Entrepreneurship | Teamwork ay Rela
Slide 38: Corporate Structure
Corporate Structure Shareholdings as on 30 June 2020 Others GMR Infrastructure Ltd 9.6% FIIs 21.0% MF& DIIs Promoter & 3.9% Promoter Group 65.5% 51% 52%* 100%* 100% GMR Airports Ltd. GMR Energy Other Energy Assets GMR Highways Ltd. Special Investment Region Operational Projects Stake Operational Pro
Slide 39: DIAL – the Largest Indian Airport
DIAL – the Largest Indian Airport Delhi Airport: Gateway to India Sizeable Catchment Area including Major Commercial Hubs National Capital Region 20% 78 / 71 67mn / 1 Indian Aviation Market Share in International / 66mn New Delhi Domestic Routes NCR is one of the largest urban FY20 Current Passenger
Slide 40: GHIAL – Gateway to Southern India
GHIAL – Gateway to Southern India One of the Fastest Growing Airports in India Strategically Located Catchment Area Hyderabad 6% 15 / 55 22mn / Indian Aviation 12mm #2 Largest International / Market Share in Domestic Routes Current Passengers New Delhi Contributor FY20 to India’s revenue from IT / C
Slide 41: Stable Tariff Framework Underpinning the Aero Business
Stable Tariff Framework Underpinning the Aero Business Airport Economic Regulatory TDSAT (Tribunal) Authority (AERA) Airport Economic Regulatory Tribunal Which Addresses Any Authority Sets the Economic Tariff Disputes with AERA for All Privatized Airports Hybrid Till Suggests a 30% Aero Capex Cross
Slide 42: Environment
Environment Company has invested substantially and allocated resources to increase adherence to environmental standards and pollution control measures and enhance environment health safety levels DIAL GHIAL Energy Others • 1st Carbon Neutral • Received the best • Majority of the operational • DFCC p
Slide 43: Visionary Leadership
Visionary Leadership GROUP DIRECTORS ON GMR BOARD INDEPENDENT DIRECTORS ON GMR BOARD RSSLN NC Sarabeswaran GM Rao Bhaskarudu Group Chairman • Ex- nominee director of • Ex- MD of Maruti Udyog RBI and Vysya Bank Limited Board • Founder Chairman of the Group • Since 1978, he has successfully led the Gr
Slide 44: Committed to "Giving Back" to the Community through GMR
Committed to “Giving Back” to the Community through GMR Varalakshmi Foundation Mission of GMR “To make sustainable impact on the human development of under-served Varalakshmi Foundation communities through initiatives in education, health and livelihoods” Through Through Our Four Pronged approach “O
Slide 45: Detailed Financials - GMR Infra Consolidated
Detailed Financials GMR Infra - Consolidated (INR mm) FY18 FY19 FY20 Q1FY20 Q1FY21 Gross Revenue 87,212 75,760 85,555 19,921 11,341 Less Revenue Share 19,115 17,648 20,372 4,872 1,775 Net Revenue 68,097 58,112 65,184 15,049 9,566 Total Expenditure 46,238 41,055 38,898 9,061 9,755 EBITDA 21,859 17,05
Slide 46: Detailed Financials - Airports Business
Detailed Financials Airports Business - Consolidated (INR mm) FY18 FY19 FY20 Q1FY20 Q1FY21 Aero Revenue 25,108 18,982 20,628 4,695 746 Non Aero Revenues 27,356 32,665 33,640 8,445 3,617 CPD Rentals 1,874 2,069 7,641 1,457 580 Gross Revenues 54,338 53,716 61,909 14,597 4,944 Less: Revenue Share 18,14
Slide 47: Investor Presentation Non-Deal Roadshow September 2020
Investor Presentation Non-Deal Roadshow September 2020 0
Slide 48: Disclaimer
DISCLAIMER expectations, estimates, and projections of the directors and management of the Company about the business, industry and markets in which the Company and the All statements, graphics, data, tables, charts, logos, names, figures and all other GMR Group operates and such statements are not
Slide 49: Table of Contents
Table of Contents Particulars Pg. No. Group Overview 3-5 Business Update 6-10 Airports Business 11-25 Other Businesses 26-29 Managing COVID Impact 30-32 Key Takeaways 33-34 Annexures 35-44 2
Slide 50: Group Overview
Group Overview Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 51: One of the Oldest Infrastructure Conglomerates
One of the Oldest Infrastructure Conglomerates Over two decades of track record, consolidation aimed at creating shareholder value 1996-2008 2009-11 2012-14 2015-Today Near term Founded in 1996 T3 of Delhi Airport Won Cebu Airport Won concessions for 5 Deleverage Listed in 2006 commissioned in 37 mo
Slide 52: Leading Airport Focused Infrastructure Player
Leading Airport Focused Infrastructure Player Amongst the Largest 101 mm Private airport developers in the Passengers handled in FY20 across world, largest in India key gateway airports 7 nos. ~2,240 acres 65.6% Of airport assets under operations or Of land with strong RE development various stages
Slide 53: Business Update
Business Update Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 54: Strategic Partnership with Groupe ADP
Strategic Partnership with Groupe ADP Considerable synergistic advantages, bolstering GMR’s growth plans About Group ADP Investment Merits Strategic Rationale Leverage Expertise One of the largest airport groups in Creation of world-class Airport Development and Europe based out of Paris (France) ◼
Slide 55: Significant Move Towards Deleveraging
Significant Move Towards Deleveraging Transaction Details Minority stake sale of 49% in GMR Airports Ltd (GAL) ✓ INR 98.13bn received ▪ Tranche I: INR 52.5bn received in February 2020 ▪ Tranche II: INR 45.7bn received in July 2020 ─ Including INR 10bn primary capital @ GAL Investment ─ Balance secon
Slide 56: Business Separation to Unlock Value for Shareholders
Business Separation to Unlock Value for Shareholders GMR Infrastructure GMR Power and Key Highlights of Scheme of Arrangement Limited Urban Infra Limited • Vertical split demerger of the Non-Airport Business of GIL1 into GPUIL1 as a going concern Airport Non-Airport • Mirror shareholding of GIL in G
Slide 57: Visible Path to Deleveraging
Visible Path to Deleveraging GMR Consolidated Debt Plan to divest select assets across businesses Gross & Net Debt (INR bn) ^ Divestment Initiatives 321.0 58.0 ⚫ Recent capital raise to help largely aimed at deleveraging 263.0 Airports ⚫ Stable assets to generate robust cash flows towards servicing
Slide 58: Airports Vertical
Airports Vertical Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 59: One of the World's Leading Integrated Airport Platforms
One of the World’s Leading Integrated Airport Platforms India’s Largest Airport Operator Leading Integrated Large Market Among the Largest Airport Platform Opportunity in India Private Operators Globally Wide range of capabilities and One of the fastest growing aviation Portfolio of 7 marquee airpor
Slide 60: Portfolio of World Class Assets
Portfolio of World Class Assets Current PAX (FY20) DIAL, New Delhi, India (mn) • Marquee asset of PAX CAGR 67.3 66/119 national importance FY15–20 Crete, Greece Bhogapuram, India • Gateway to India – National Capital • Important Tourist Cargo CAGR 152 10.4% 45.99% with large catchment area • Strateg
Slide 61: Full Suite of Capabilities Across Airport Development & Operations
Full Suite of Capabilities Across Airport Development & Operations Training Academy Airport Development & Construction (EPC) IT Consulting Airport Operation Airport Advisory Airport Maintenance Real Estate Cargo Development Advertising Fuel Farm Car Park MRO F&B Duty Free Successful track record of
Slide 62: Some of The Best Rated Airports in The World
Some of The Best Rated Airports in The World Significant turnaround in service quality reflected in ASQ Rating Rising ASQ rating since inception DIAL ASQ Rating GHIAL ASQ Rating 4.96 4.99 OMDA 4.83 4.99 5.00 Requirement of ASQ 3.75 4.71 3.15 4.41 2008 2012 2017 2019 2008 2012 2017 2019 DIAL has unde
Slide 63: Pillars of Value Creation in Airport Development and Operations
4 Pillars of Value Creation in Airport Development and Operations Market Opportunity Further Complemented by a Well Defined Regulatory Model Airport EPC & Aero Non-Aero Real Estate Allied Services ▪ Regulated nature provides ▪ Strong play over India ▪ Large upside potential to ▪ Asset light business
Slide 64: 1. Aero Revenue
1. Aero Revenue Growth in aero revenue driven by substantially under-penetrated Indian markets Substantially under-penetrated … poised to grow substantially over …supported by robust growth aviation market medium to long run drivers Average Trips per capita1 Passengers (mm) 1,144 1.00 1.00 Supportiv
Slide 65: 1. Aero Revenue (Cont'd) - PAX and Cargo CAGR
1. Aero Revenue (Cont’d) Strong growth runway for Robust performance of assets in the high growth Indian market key assets (in millions) DIAL 119 17.7% 66 PAX CAGR (%) 15.0% 14.3% 14.6% GHIAL 80 11.7% 11.1% 10.0% 12 8.6% Goa 33 8 2.4% Cebu 28 DIAL GHIAL Goa Nagpur Mumbai Bangaluru Kolkata Chennai In
Slide 66: 1. Aero Revenue (Cont'd) - Regulated model
1. Aero Revenue (Cont’d) Regulated nature ensures strong visibility over cash flows RAB x FROR + D + OM + T – S = TR 1 RAB Opening project cost of airport determined by AERA with 4 5 future capex attributed to aeronautical development Well-Defined Cross Model Aero Tax Subsidization 1 WACC Regulatory
Slide 67: 2. Non-Aero Business
2. Non-Aero Business Significant growth in underlying industries Retail Cargo QSR Advertisement Total retail market size (US$ bn) Total cargo transported (mm tonnes) Total QSR Sales (in US$ bn)1 Advertising market size (US$ bn)1 1,750 17.0 5.5 13.4 2.4x 1.6x 1.8x 4.3 1,200 5.2x 8.4 950 2.3 3.3 2018
Slide 68: 2. Non-Aero Business (Cont'd)
2. Non-Aero Business (Cont’d) Delivering Significant Growth in Non Aero Business… …With Diversified Revenue Streams Non-aero revenue split (FY20) DIAL Non-aero Revenue1 (INR bn) DIAL Standalone Non Aero Mix Others 15% Retail (incl. Duty Free) 22.0 Ground 20.9 29% Handling 18.0 5% 15.3 Ads 13.6 7% 11
Slide 69: 3. Real Estate Business – DIAL and GHIAL
3. Real Estate Business – DIAL and GHIAL Delhi Airport Aerocity – Upcoming Central Business District in NCR Demonstrated Track Record of Monetization Prime Real Estate Strategic Location Long Lease Period Between Central Delhi 230 acres available for Land parcels available development (current CBD)
Slide 70: 4. Airport Development & Services
4. Airport Development & Services GADL: Providing Services across the Large Set of Addressable Opportunities Complete Suite of Capabilities with a Airport Lifecycle across India and Internationally Significant Base of Marquee Customers Capabilities Multiple Revenue India 400+ Streams Conceptualisati
Slide 71: Well Poised to Benefit from Domestic and Overseas Growth Opportunities
Well Poised to Benefit from Domestic and Overseas Growth Opportunities FY19 Traffic 3 Year Traffic Stringent Bid Evaluation Criteria focused on (MPPA) Growth India Opportunities Risk Minimization and Threshold Returns 3.16 2.52 2.79 2.05 Regulatory Growth Majority Scale Framework 23.11% 26.38% 26.25
Slide 72: Well Positioned to Become a Leading Growth Platform in the Global Airport Industry
Well Positioned to Become a Leading Growth Platform in the Global Airport Industry Well placed to tap opportunity in airport construction and O&M business Mix Of Marquee Assets – Large & Medium ◼ GADL to strategically capture value in ◼ DIAL: The largest airport in India Construction value chain ◼ C
Slide 73: Other Businesses
Other Businesses Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 74: Diversified Portfolio of Energy Assets
Diversified Portfolio of Energy Assets Key energy assets performing at healthy Recovery in gas based plant performance PLF, steady improvement over years Vemagiri (388 MW) Rajahmundry (768 MW) Kamalanga (Coal, 1050MW1) • 100% contracted under a long term PPA • 45% ownership Long term off-take PLF2 w
Slide 75: Transportation Assets
Transportation Assets Annuity Based Road Projects (133 kms) Toll Based Road Projects (216 kms) GPEL GCORRPL GACEPL GHVEPL Road GMR Shareholding 100% 90% 100% 90% Road Length (kms) 103 30 35 181 Concession 20 Years 20 Years 20 Years 25 Years Period (from Sep 2006) (from Jun 2010) (from May 2006) (fro
Slide 76: Urban Infrastructure – Potential to Unlock Substantial Value
Urban Infrastructure – Potential to Unlock Substantial Value Kakinada Special Investment Region Divestment1ofofGroup’s ✓ Divestment Group’sentire entirestake stakeininKSEZ KSEZ1 2 ▪ Signed Definitive Agreements for divestment by GSPHL3 of its entire 51% stake in KSEZ2 to Aurobindo Realty and Infrast
Slide 77: Managing COVID-19 Impact
Managing COVID-19 Impact Humility | Entrepreneurship | Teamwork a7/i Relationships | Deliver the fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 78: Effectively Managing COVID Impact on Airport Operations
Effectively Managing COVID Impact on Airport Operations Aligning Business Position Response Amidst Unprecedented Pandemic • Cash conservation through rescheduling of our Capex Vande Bharat ◼ Repatriation initiative by the Ministry of plan Mission Civil Aviation • Consolidation of infrastructures to
Slide 79: Green Shoots of Recovery Visible
Green Shoots of Recovery Visible Airport Business witnessing recovery of traffic post opening Energy Business - PLFs recovered substantially in on May 25th recent months Delhi Airport1,2,3 Apr-20 Sep-20 • Continuity of 90% 85% 1st Week 25-31 May 17th Week 14-20 Sep 85% power supply during the 52% 58
Slide 80: Key Takeaways
Key Takeaways Humility | Entrepreneurship | Teamwork afi Relationships e fe | Learning And Inner Excellence | Social Respofsibility | Reset for individuel
Slide 81: GMR Infrastructure – Key Takeaways
GMR Infrastructure – Key Takeaways 01 Significant deleveraging of the group via equity capital transaction with marquee partners 02 Pure play airport business on the cards – to drive GMR’s leadership in airports business Strong underlying macro fundamentals, including fast growing aviation market in
Slide 82: Annexures
Annexures Humility | Entrepreneurship | Teamwork ay Rela
Slide 83: Corporate Structure
Corporate Structure Shareholdings as on 30 June 2020 Others GMR Infrastructure Ltd 9.6% FIIs 21.0% MF& DIIs Promoter & 3.9% Promoter Group 65.5% 51% 52%* 100%* 100% GMR Airports Ltd. GMR Energy Other Energy Assets GMR Highways Ltd. Special Investment Region Operational Projects Stake Operational Pro
Slide 84: DIAL – the Largest Indian Airport
DIAL – the Largest Indian Airport Delhi Airport: Gateway to India Sizeable Catchment Area including Major Commercial Hubs National Capital Region 20% 78 / 71 67mn / 1 Indian Aviation Market Share in International / 66mn New Delhi Domestic Routes NCR is one of the largest urban FY20 Current Passenger
Slide 85: GHIAL – Gateway to Southern India
GHIAL – Gateway to Southern India One of the Fastest Growing Airports in India Strategically Located Catchment Area Hyderabad 6% 15 / 55 22mn / Indian Aviation 12mm #2 Largest International / Market Share in Domestic Routes Current Passengers New Delhi Contributor FY20 to India’s revenue from IT / C
Slide 86: Stable Tariff Framework Underpinning the Aero Business
Stable Tariff Framework Underpinning the Aero Business Airport Economic Regulatory TDSAT (Tribunal) Authority (AERA) Airport Economic Regulatory Tribunal Which Addresses Any Authority Sets the Economic Tariff Disputes with AERA for All Privatized Airports Hybrid Till Suggests a 30% Aero Capex Cross
Slide 87: Environment
Environment Company has invested substantially and allocated resources to increase adherence to environmental standards and pollution control measures and enhance environment health safety levels DIAL GHIAL Energy Others • 1st Carbon Neutral • Received the best • Majority of the operational • DFCC p
Slide 88: Visionary Leadership
Visionary Leadership GROUP DIRECTORS ON GMR BOARD INDEPENDENT DIRECTORS ON GMR BOARD RSSLN NC Sarabeswaran GM Rao Bhaskarudu Group Chairman • Ex- nominee director of • Ex- MD of Maruti Udyog RBI and Vysya Bank Limited Board • Founder Chairman of the Group • Since 1978, he has successfully led the Gr
Slide 89: Committed to "Giving Back" to the Community through GMR
Committed to “Giving Back” to the Community through GMR Varalakshmi Foundation Mission of GMR “To make sustainable impact on the human development of under-served Varalakshmi Foundation communities through initiatives in education, health and livelihoods” Through Through Our Four Pronged approach “O
Slide 90: Detailed Financials - GMR Infra Consolidated
Detailed Financials GMR Infra - Consolidated (INR mm) FY18 FY19 FY20 Q1FY20 Q1FY21 Gross Revenue 87,212 75,760 85,555 19,921 11,341 Less Revenue Share 19,115 17,648 20,372 4,872 1,775 Net Revenue 68,097 58,112 65,184 15,049 9,566 Total Expenditure 46,238 41,055 38,898 9,061 9,755 EBITDA 21,859 17,05
Slide 91: Detailed Financials - Airports Business
Detailed Financials Airports Business - Consolidated (INR mm) FY18 FY19 FY20 Q1FY20 Q1FY21 Aero Revenue 25,108 18,982 20,628 4,695 746 Non Aero Revenues 27,356 32,665 33,640 8,445 3,617 CPD Rentals 1,874 2,069 7,641 1,457 580 Gross Revenues 54,338 53,716 61,909 14,597 4,944 Less: Revenue Share 18,14
GMR Infrastructure — Non-Deal Roadshow (September 2020) on 6ix