Interglobe Aviation Ltd · NSE:INDIGO

Interglobe Aviation — Q4 FY22 Earnings Presentation

25 slides from Interglobe Aviation's earnings presentation, May 25, 2022

  1. Slide 1: Regulation 30 disclosure cover letter to stock exchanges

    May 25, 2022 IGAL/SECT/05-22/06 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 Dear

  2. Slide 2: Earnings Presentation Q4 FY22 Jan – Mar 2022

    Earnings Presentation Q4 FY22 Jan – Mar 2022 May 25, 2022

  3. 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

  4. Slide 4: IndiGo – Network presence

    IndiGo – Network presence FY22 (Change vs FY21) ASKs 70.4 bn +54.9% RPKs 51.8 bn +64.3% Closing Aircraft 275 -3.5% Domestic Destinations 73 +12.3% International Destinations 15 NA* Katmandu Dhaka Existing domestic stations New domestic stations in FY22 Metros International destinations at 31st March

  5. Slide 5: Quarterly Highlights - Q4FY22 vs Q4FY21

    QUARTERLY HIGHLIGHTS - Q4FY22 vs Q4FY21 4

  6. Slide 6: Financial summary

    Financial summary Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Change% ASK (billion) 20.4 19.2 6.3% Total income 82,075 63,618 29.0% RASK* (INR) 3.97 3.26 21.7% Total expenses 98,850 75,193 31.5% CASK* (INR) 4.79 3.86 24.0% CASK ex fuel* (INR) 3.21 2.87 12.0% EBITDAR 1,718 6,483 -73.5% E

  7. Slide 7: Revenue breakup

    Revenue breakup Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Change% Revenue from operations 80,207 62,229 28.9% Other income 1,867 1,389 34.5% Total income 82,075 63,618 29.0% ASK (billion) 20.4 19.2 6.3% RPK (billion) 15.6 13.5 16.2% Load factor (%) 76.7% 70.2% 6.5 pts Yield (INR) 4.40

  8. Slide 8: Cost breakup

    Cost breakup Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Change% Aircraft fuel expenses 32,206 19,145 68.2% Aircraft and engine rentals (net) 673 662 1.7% Supplementary rentals and aircraft repair 16,990 14,575 16.6% and maintenance (net) Airport fees and charges 6,605 6,430 2.7% Purcha

  9. Slide 9: Cash and Debt

    Cash and Debt Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Change% Free Cash 77,632 70,997 9.3% Restricted Cash 104,644 114,688 -8.8% Total Cash 182,275 185,685 -1.8% Debt excluding capitalized 52,122 41,210 26.5% operating lease liability Capitalized operating lease 316,656 257,387 23.0

  10. Slide 10: Financial highlights for the quarter

    Financial highlights for the quarter Total revenue (INR mn) Total expenses (INR mn) 82,597 86,346 82,075 99,244 98,850 63,618 76,336 75,193 INR mn INR mn Q4FY19 Q4FY20 Q4FY21 Q4FY22 Q4FY19 Q4FY20 Q4FY21 Q4FY22 EBITDAR (INR mn) PAT (INR mn) 18,436 5,958 INR mn INR mn 6,483 (8,708) 1,718 (11,472) 867

  11. Slide 11: Yearly Highlights – FY22 vs FY21

    YEARLY HIGHLIGHTS – FY22 vs FY21 10

  12. Slide 12: Financial summary

    Financial summary Full Year Ended Particulars (in INR million) Mar’22 Mar’21 Change% ASK (billion) 70.4 45.4 54.9% Total income 266,565 156,776 70.0% RASK* (INR) 3.73 3.30 12.8% Total expenses 328,102 214,957 52.6% CASK* (INR) 4.60 4.58 0.4% CASK ex fuel* (INR) 3.22 3.74 -13.8% EBITDAR 11,480 6,227

  13. Slide 13: Revenue breakup

    Revenue breakup Year Ended Particulars (in INR million) Mar’22 Mar’21 Change% Revenue from operations 259,309 146,406 77.1% Other income 7,256 10,370 -30.0% Total income 266,565 156,776 70.0% ASK (billion) 70.4 45.4 54.9% RPK (billion) 51.8 31.5 64.3% Load factor (%) 73.6% 69.4% 4.2 pts Yield (INR)

  14. Slide 14: Cost breakup for the year

    Cost breakup for the year Year Ended Particulars (in INR million) Mar’22 Mar’21 Change% Aircraft fuel expenses 96,952 38,313 153.1% Aircraft and engine rentals (net) 3,117 2,805 11.1% Supplementary rentals and aircraft repair 60,898 41,913 45.3% and maintenance (net) Airport fees and charges 22,868

  15. Slide 15: Financial highlights for the year

    Financial highlights for the year Total revenue (INR mn) Total expenses (INR mn) 3,72,915 3,75,472 3,28,102 2,98,214 2,99,687 2,66,565 2,14,957 INR mn INR mn 1,56,776 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBITDAR (INR mn) PAT (INR mn) 1,572 50,824 40,877 (2,337) INR mn INR mn 11,480 6,227 (58,064)

  16. Slide 16: Appendix

    APPENDIX 15

  17. Slide 17: Fleet Breakup

    Fleet Breakup 31st Mar, 2022 31st Dec, 2021 31st Mar, 2021 275 283 285 • 14 Owned/Finance Lease • 14 Owned/Finance Lease • 15 Owned/ Finance Lease • 261 Operating Lease • 269 Operating Lease • 270 Operating Lease • 143 A320neo • 140 A320neo • 120 A320neo • 41 A320ceo • 56 A320ceo • 100 A320ceo • 56

  18. Slide 18: Non-IndAS measures- RASK

    Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Total revenue 82,075 63,618 Finance income 1,201 1,083 Total revenue less finance income (A) 80,873 62,535 ASK (millions) (B) 20,388 19,181 RASK (INR) (C=A/B) 3.97 3.26 17

  19. Slide 19: Non-IndAS measures- CASK

    Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Mar’22 Mar’21 Total expenses 98,850 75,193 Finance income 1,201 1,083 Total expense less finance income (A) 97,648 74,110 ASK (millions) (B) 20,388 19,181 CASK (INR) (C=A/B) 4.79 3.86 Fuel cost/ ASK (INR) (D) 1.58 1.00 CASK ex fuel

  20. Slide 20: Non-IndAS measures- EBITDAR

    Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Mar’22 Mar’21 PBT -16,775 -11,575 Finance cost 6,326 5,282 Less: Finance income 1,201 1,083 Depreciation & amortization 12,695 13,196 Aircraft and engine rental 673 662 EBITDAR (A) 1,718 6,483 Revenue from Operations (B) 80,207 6

  21. Slide 21: Non-IndAS measures- RASK

    Non-IndAS measures- RASK Year Ended Particulars (in INR million) Mar’22 Mar’21 Total revenue 266,565 156,776 Finance income 4,367 6,812 Total revenue less finance income (A) 262,199 149,964 ASK (millions) (B) 70,386 45,425 RASK (INR) (C=A/B) 3.73 3.30 20

  22. Slide 22: Non-IndAS measures- CASK

    Non-IndAS measures- CASK Year Ended Particulars (in INR million) Mar’22 Mar’21 Total expenses 328,102 214,957 Finance income 4,367 6,812 Total expense less finance income (A) 323,735 208,145 ASK (millions) (B) 70,386 45,425 CASK (INR) (C=A/B) 4.60 4.58 Fuel cost/ ASK (INR) (D) 1.38 0.84 CASK ex fuel

  23. Slide 23: Non-IndAS measures- EBITDAR

    Non-IndAS measures- EBITDAR Year Ended Particulars (in INR million) Mar’22 Mar’21 PBT -61,537 -58,181 Finance cost 23,580 21,420 Less: Finance income 4,367 6,812 Depreciation & amortization 50,686 46,994 Aircraft and engine rental 3,117 2,805 EBITDAR (A) 11,480 6,227 Revenue from Operations (B) 259,

  24. Slide 24: 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

  25. Slide 25: Thank You!

    THANK YOU! 24

InterGlobe Aviation — Q4 FY22 Earnings Presentation on 6ix