Gmr Airports Ltd · NSE:GMRAIRPORT

Gmr Airports — GMR Infrastructure — Merger or Acquisition (March 2021)

25 slides from Gmr Airports's merger presentation, Mar 16, 2021

  1. Slide 1: Intimation under Regulation 30 to stock exchanges

    GMR Infrastructure Limited Corporate Office: New Udaan Bhawan, Opp. Terminal-3 Indira Gandhi International Airport New Delhi-110037 CIN: L45203MH1996PLC281138 T +91 11 42532600 F+91 11 47197181 W 'NitVItV.gmrgroup.in E Gii.Cosecy@gmrgroup.in M arch 16, 2021 BSE Limited, National Stock Exchange of In

  2. Slide 2: Investor Presentation: Demerger Update

    Investor Presentation Demerger Update March 2021 0

  3. Slide 3: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Growth Opportunities  Proforma Financials  Summary 1

  4. Slide 4: GMR Group's three decades of developing quality infrastructure

    GMR Group, with its demonstrated capability of developing quality Infrastructure across the globe for over three decades, has stood the test of the time Growth Phase Managing Turbulence Consolidation Cash Flow Stabilization 1996 - 2008 2009 - 11 2012 - 14 > 2015 • IPO - INR 8bn • QIP - USD 315mn • Q

  5. Slide 5: GMR Infrastructure Demerger: Setting the context

    GMR Infrastructure Demerger: Setting the context Across the globe, it is a practiced norm to reorganize the business verticals under a single 1 umbrella after they grow to a self-sustaining stage to have an efficient and simplified holding structure Over the last few decades, GMR has significantly g

  6. Slide 6: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Growth Opportunities  Proforma Financials  Summary 4

  7. Slide 7: Demerger: pure plays in Airport and Non-Airport Businesses

    Demerger is a step-in right direction towards creating pure plays in Airport and Non-Airport Businesses of the Group Objectives of Demerger GIL to emerge as India's Only Pure-Play Listed Airports Company, value unlocking of Airport business Simplification of the Corporate Holding Structure and sharp

  8. Slide 8: Mirror demerger with no change in shareholding

    Mirror demerger resulting in no change in the shareholding of the resultant listed companies Current Structure Schemes of Arrangement Promoter Group Public • Vertical split demerger of the Non-Airport Business GIL L of GIL into GPUIL EPC & Urban Airport Sector Energy Sector Other Sectors Infra. Sect

  9. Slide 9: Timeline and Approvals

    Timeline and Approvals Particulars Timeline and Approvals Appointed date • 1 April 2021 • SEBI and stock exchanges – approval received • Equity Shareholders and Creditors Approvals required • Regulatory Authorities and Income Tax Authority • NCLT Mumbai • Scheme filed with NCLT on 5-Mar-2021 • Share

  10. Slide 10: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Portfolio and Growth Opportunities  GIL (Airport)  GPUIL (Non-Airport)  Proforma Financials  Summary 8

  11. Slide 11: GIL to have marquee operating airport assets with strong growth drivers

    GIL (demerged entity) to have marquee operating airport assets with strong growth drivers Domestic International Cebu International Crete International Project Delhi Intl. (DIAL) Hyderabad (GHIAL) GOA (GGIAL) Bhogapuram Airport, Airport, Greece Philippines Greenfield Greenfield Greenfield Status Ope

  12. Slide 12: Airport business expected to grow on favourable growth drivers

    On the back of favourable growth drivers, Airport business is expected to grow as demonstrated in past  Low penetration of flying (0.07 trips per Healthy growth in India passenger traffic (Mn) capita vs 0.3 trips per capita in China) Rapidly growing  Traffic at Indian airports projected to grow pa

  13. Slide 13: Airports Platform poised to be primary growth engine

    ‘Airports Platform’ poised to be the primary engine for growth with a comprehensive strategy in place 1 Strategic partnerships to propel the ‘Airports Platform’ towards a new growth paradigm  Combined complimentary expertise to extract value and synergies for– Recent Partners  market access, route

  14. Slide 14: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Portfolio and Growth Opportunities  GIL (Airports)  GPUIL (Non-Airport)  Proforma Financials  Summary 12

  15. Slide 15: GPUIL to have marquee assets across energy, transportation and urban infrastructure

    GPUIL (resulting entity) to have marquee assets across energy, transportation and urban infrastructure sectors Energy: Diversified Presence Across Value Chain Partners • Coal Based: ~1,650 MW 1 Looking to • Gas Based: ~1,400 MW 2 create an • Hydro: 180 MW under construction; 1,425 MW under developme

  16. Slide 16: Seeking investments to create an integrated Energy platform

    Seeking investments to create a unique integrated platform in Energy business 1 Macroeconomic Drivers  National Infrastructure Pipeline: An investment plan of Rs 1,100 Bn for enhancing infrastructure in identified sectors for a period of five years from FY20 to FY25  Around 70% has been allocated

  17. Slide 17: Tapping opportunities to grow on asset-light mode

    Strategically tapping opportunities to grow on asset-light mode Opportunities in power transmission and distribution Acquisition of undervalued distressed assets business  Rs. 234 Bn. near-term revenue opportunity from  Partner with the investors to utilize group’s robust distribution business for

  18. Slide 18: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Portfolio and Growth Opportunities)  Proforma Financials  Summary 16

  19. Slide 19: Pro-forma financials of Airport and Non-Airport

    Pro-forma financials (Consolidated) of Airport and Non-Airport Year ended 31st Mar’2020 INR Mn GMR Infrastructure Ltd Airport Group Non-Airport Group Revenue 1 65,184 42,770 23,862 EBITDA 26,286 21,979 4,637 2 PAT (21,985) (587) (21,412) Net worth 3 2,159 38,342 (35,505) 5 Gross Debt 4 321,020 211,9

  20. Slide 20: Agenda

    Agenda  Journey so far  Demerger Objectives and Structure  Portfolio and Growth Opportunities)  Proforma Financials  Summary 18

  21. Slide 21: Summary

    Summary 1. Mirror demerger resulting in no change in the entitlement of shareholders 2. A unique pure-play airports platform, with strong cash flow generation potential 3. Two separately listed entities, charting their respective growth trajectories 4. Demerger will also facilitate strategic partner

  22. Slide 22: Thank You

    Humility | Entrepreneurship | Teamwork a

  23. Slide 23: Annexures

    Annexures Humility | Entrepreneurship | Teamwork ay/s fielationshy er the Pronye | Learning And inner Excellence | Social Respofibility | Res

  24. Slide 24: Current Corporate Structure

    Current Corporate Structure Shareholdings as on 31 December 2021 GMR Infrastructure Ltd FIIs 21.9% Promoter & Promoter Group MF & DIIs 1.9% 63.6% Others 12.7% 51%** 52%* 100%* 100% GMR Airports Ltd GMR Energy Other Energy Assets GMR Highways Ltd Special Investment Region Operational Projects Stake O

  25. Slide 25: Resultant Corporate Structure post demerger

    Resultant Corporate Structure post demerger Promoter Promoter Public Public Group Group 63.6% 36.4% 63.6% 36.4% GMR Infrastructure GMR Power and Urban Limited (GIL) Infra Limited (GPUIL) 51%** 52%* 100%* 100% 52% * 52% * 52% * 52% * Note: GIL shareholding is as on 31st December 2020 and GPUIL shareh

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