Interglobe Aviation Ltd · NSE:INDIGO
Interglobe Aviation — Q2 FY23 Earnings Presentation
17 slides from Interglobe Aviation's earnings presentation, Nov 4, 2022
Slide 1: Regulation 30 disclosure cover letter to exchanges
November 04, 2022 IGAL/SECT/11-22/03 To To National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, C - 1, Block G BSE Limited Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra - (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Symbol: INDIGO Scrip Code: 539448
Slide 2: Earnings Presentation Q2 FY23
Earnings Presentation Q2 FY23 Jul – Sep 2022 November 04, 2022
Slide 3: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward-looking statements. This document forms part of the quarterly earnings release and should be view
Slide 4: IndiGo – Network presence
IndiGo – Network presence Q2FY23 vsQ1FY23 vsQ2FY22 ASKs 27.7 bn +0.6% +75.0% RPKs 21.9 bn -0.0% +94.7% Closing Aircraft 279^ -0.7% 0.0% Domestic Destinations 74 +1.4% +7.2% International Destinations 22 +10.0% NA* Ras Al Khaimah Katmandu Bahrain Dhaka Existing domestic stations Metros International
Slide 5: Quarterly Highlights – Q2FY23 vs Q2FY22
QUARTERLY HIGHLIGHTS – Q2FY23 vs Q2FY22 4
Slide 6: Financial summary
Financial summary Quarter Ended Particulars (in INR million) Favorable / Sep’22 Sep21 (Adverse) ASK (billion) 27.7 15.8 75.0% Total income 128,523 57,987 121.6% RASK* (INR) 4.57 3.60 27.0% Total expenses 144,356 72,344 (99.5%) CASK* (INR) 5.15 4.51 (14.1%) CASK ex fuel* (INR) 2.88 3.25 11.3% EBITDAR
Slide 7: Revenue breakup
Revenue breakup Quarter Ended Particulars (in INR million) Favorable / Sep22 Sep’21 (Adverse) Revenue from operations 124,976 56,085 122.8% Other income 3,547 1,902 86.5% Total income 128,523 57,987 121.6% ASK (billion) 27.7 15.8 75.0% RPK (billion) 21.9 11.2 94.7% Load factor (%) 79.2% 71.1% 8.0 pt
Slide 8: Cost breakup
Cost breakup Quarter Ended Particulars (in INR million) Favorable / Sep’22 Sep’21 (Adverse) Aircraft fuel expenses 62,579 19,894 (214.6%) Aircraft and engine rentals (net) 485 649 25.3% Supplementary rentals and aircraft repair 18,393 14,620 (25.8%) and maintenance (net) Airport fees and charges 8,5
Slide 9: Cash and Debt
Cash and Debt Quarter Ended Particulars (in INR million) Favorable / Sep’22 Sep’21 (Adverse) Free Cash 82,442 63,516 29.8% Restricted Cash 114,164 102,023 11.9% Total Cash 196,606 165,539 18.8% Debt excluding capitalized 48,174 47,727 (0.9%) operating lease liability Capitalized operating lease 361,
Slide 10: Financial highlights for the quarter
Financial highlights for the quarter Total revenue (INR mn) Total expenses (INR mn) 144,356 128,523 95,716 85,398 INR mn INR mn 72,344 57,987 42,241 30,292 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY20 Q2FY21 Q2FY22 Q2FY23 EBITDAR (INR mn) PAT (INR mn) INR mn INR mn 2,564 4,085 3,408 2,292 (10,620) (11,948) (1
Slide 11: Appendix
APPENDIX 10
Slide 12: Fleet Breakup
Fleet Breakup 30th Sep, 2022 30th Jun, 2022 30th Sep, 2021 279 281 279 • 14 Owned/ Finance Lease • 14 Owned/ Finance Lease • 14 Owned/ Finance Lease • 265 Operating Lease • 267 Operating Lease • 265 Operating Lease • 149 A320neo • 146 A320neo • 130 A320neo • 26 A320ceo • 35 A320ceo • 72 A320ceo • 68
Slide 13: Non-IndAS measures- RASK
Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Sep’22 Sep’21 Total revenue 128,523 57,987 Finance income 2,012 1,053 Total revenue less finance income (A) 126,511 56,934 ASK (millions) (B) 27,664 15,812 RASK (INR) (C=A/B) 4.57 3.60 12
Slide 14: Non-IndAS measures- CASK
Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Sep’22 Sep’21 Total expenses 144,356 72,344 Finance income 2,012 1,053 Total expense less finance income (A) 142,344 71,291 ASK (millions) (B) 27,664 15,812 CASK (INR) (C=A/B) 5.15 4.51 Fuel cost/ ASK (INR) (D) 2.26 1.26 CASK ex fue
Slide 15: Non-IndAS measures- EBITDAR
Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Sep’22 Sep’21 PBT (15,833) (14,357) Finance cost 7,276 5,688 Less: Finance income 2,012 1,053 Depreciation & amortization 12,376 12,481 Aircraft and engine rental 485 649 EBITDAR (A) 2,292 3,408 Revenue from Operations (B) 124,97
Slide 16: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Total Cost excluding forex and fuel cost net of finance income
Slide 17: Thank You!
THANK YOU! 16