Interglobe Aviation Ltd · NSE:INDIGO
Interglobe Aviation — Investor Day (March 2024)
50 slides from Interglobe Aviation's investor day presentation, Mar 22, 2024
Slide 1: Regulation 30 disclosure cover letter to exchanges
March 22, 2024 IGAL/SECT/03-23/16 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 Su
Slide 2: Towards new heights and across new frontiers
InterGlobe Aviation Ltd Towards new heights and across new frontiers Company Presentation March 2024
Slide 3: Safe Harbor
Safe Harbor This presentation by InterGlobe Aviation Limited (the “Company”) provides general background information about the Company and its activities as on the date of this presentation and is solely for information purposes. Neither this presentation nor any part thereof may be (i) used or reli
Slide 4: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 5: India | Fastest growing economy in the world
India | Fastest growing economy in the world Indian economy is well Nominal GDP1 (in USD trillions) Nominal GDP per Capita1 (in USD) positioned for exponential growth CAGR: 8% CAGR: 7% 5.9 c.4,000 3rd largest economy by 2027 3.7 2,500+ 1 2.8 2,000+ 2.0 1,500+ Fastest growing economy1 6.5% in FY25E 2
Slide 6: India | Demography a blueprint for economic prosperity
India | Demography a blueprint for economic prosperity Demographic dividend The rising middle class India’s GDP Composition3 (%) to serve as a catalyst Households in millions2 Private Consumption for economic growth Private Consumption 61% Government Spen ds Government 29 Spends 10% c.28 Gross Fixed
Slide 7: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 8: Indian aviation | Geographic advantage but under-penetrated
Indian aviation | Geographic advantage but under-penetrated Domestic seats per capita (2023)1 International seats per capita (2023)1 USA UAE 3.09 16.67 Canada UK 1.44 4.28 Thailand USA 0.51 0.88 China2 China2 0.49 0.13 India India 0.13 0.06 3/22/2024 Company Presentation 2024 7 1. Cirium & World Ban
Slide 9: Indian aviation | Passengers estimated to double by 2030
Indian aviation | Passengers estimated to double by 2030 Indian Aviation Passenger (in millions)1 Railway passengers at 6.2 bn +130% 510 passengers in FY232 160 International Only 6.5% (92.6 mn) of Indians hold valid passports3 225 70 Large part of the world 350 Domestic population lives within 5-6
Slide 10: Indian aviation | Growth enablers and opportunities
Indian aviation | Growth enablers and opportunities Airport Infrastructure Aircraft Fleet and Order Book Aircraft Financing Human Capital & MRO 3/22/2024 Company Presentation 2024 9
Slide 11: Indian aviation | Accelerated infrastructure expansion
Indian aviation | Accelerated infrastructure expansion New airports to cater to robust demand 140 airports in 2019 Adampur Jewar1 likely to reach 220 Mandi 06 runways Initial: 12 MPA Delhi Jewar Total: 70 MPA Bhiwadi End of CY24 c.1 Lakh crores in Navi Mumbai1 investments for greenfield Dholera 02 r
Slide 12: Indian aviation | 2023 a year of India at global stage
Indian aviation | 2023 a year of India at global stage Aircraft orders in 20231 > 30% of all aircraft orders in 2023 from Indian carriers 500 Rest of the world India >1,500 aircraft to be added by Indian carriers by 2,426 1,124 2035, making India the third largest Other country in terms of fleet siz
Slide 13: Indian aviation | Steps towards a financing hub
Indian aviation | Steps towards a financing hub Huge financing opportunity… GIFT city initiative Expansion of financing options Diverse financing options from domestic 1,124 aircraft orders and international capital markets placed in last 1 year1 Robust regulatory framework c. USD 100 bn+ Clear and
Slide 14: Indian aviation | Employment and MRO opportunities
Indian aviation | Employment and MRO opportunities MRO industry posed to 1,622 CPLs Largest and youngest working population across 9% grow at c. for the (2.2x vs 2019) top economies globally period 2021-312 commercial pilot licenses (CPLs) issued by DGCA in Supported by: 2023 Expanding fleet c.11,00
Slide 15: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 16: IndiGo | Board members
IndiGo | Board members Dr. Venkataramani Sumantran, Chairman and Mr. Rahul Bhatia, Managing Director Independent Director • Over three decades of experience in the travel industry • Industry leader, technocrat, and academic with a career • Promoter and Managing Director of the Company spanning over
Slide 17: IndiGo | Management team, diverse expertise & rich experience
IndiGo | Management team, diverse expertise & rich experience Pieter Elbers Chief Executive Officer Wolfgang Prock-Schauer Rajesh Kumar Singh President & Chief Operating Officer Special Director Gaurav M. Negi Riyaz PeerMohamed Chief Financial Officer Chief Aircraft Acquisition & Financing Officer N
Slide 18: The IndiGo way
The IndiGo way IndiGo is on a mission to boost economic growth, social cohesion and mobility in India by Mission developing our own model with affordable air connectivity and on time & hassle-free service across our country and globe Why Giving wings to the nation Our Purpose by connecting people an
Slide 19: IndiGo | Differentiated proposition
IndiGo | Differentiated proposition Unparalleled Aircraft orders Cost leadership network Future ready with Connectivity to Ensure our customer sustained orders & Customer across promise of affordable order book India & International fares High-growth Operational market performance Operating out of o
Slide 20: IndiGo | Youngest airline to serve 100 million customers in a year
IndiGo | Youngest airline to serve 100 million customers in a year 2023 a year marked by milestones 100+ mn Passengers in CY23 Network expansion IndiGo IndiGo goes First Indian airline & to 1212 becomes public to have a fleet of 2,000 daily departures destinations profitable 300+ aircraft 2006 2011
Slide 21: IndiGo | Poised to become 600+ aircraft carrier by 2030
IndiGo | Poised to become 600+ aircraft carrier by 2030 366 c.960 Our fleet at a glance 2 aircraft as at 29-Feb-24 aircraft on order A321 NEO Damp Leases: No of aircraft: 94 B777s Order history (Nos) No of aircraft: 02 A320 NEO CEO NEO NEO ATR NEO1 NEO No of aircraft: 191 A320 CEO Cumulative orderbo
Slide 22: IndiGo | Connecting the world, one dot at a time
IndiGo | Connecting the world, one dot at a time 6E Destinations (121) Codeshare Destinations (49) Asia - 33 USA - 5 Bali Europe - 35 Tel Aviv India - 88 Australia - 7 Africa - 2 Canberra Adelaide Gold Coast Continuous flow of new deliveries from our large Pantnagar Jagdalpur orderbook Agatti 3/22/2
Slide 23: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 24: IndiGo | Three pillar strategy to drive Growth
IndiGo | Three pillar strategy to drive Growth Reassure Reassure Develop Develop Create • On Time Performance • Digitalization • Internationalization • Affordable Fares • Invest in Human Capital • New initiatives , enablers of core • • Courteous & Hassle-Free Service Unparalleled Network • Scale Inf
Slide 25: Reassure | Cost leadership to enable affordable fares
Reassure | Cost leadership to enable affordable fares CASK ex fuel ex forex for top 9 LCCs in the world (USD cents)1 8.89 7.26 6.72 5.87 5.92 5.49 3.52 2.66 3.13 US LCC 1 EU LCC 1 EU LCC 2 US LCC 2 SA LCC 1 US LCC 3 EU LCC 3 SA LCC 2 Stage length adjusted to IndiGo’s stage length SA: South America 3
Slide 26: Reassure | Relentless commitment to reliability
Reassure | Relentless commitment to reliability On-time performance (%) of top 9 airlines1 169 138 127 123 83 70 58 44 44 83.6% 85.9% 78.9% 78.7% 75.6% 73.0% 70.0% 79.0% 60.3% LCC LCC LCC Group Cancellation rate (%) of top 9 airlines1 5.4% 4.5% 2.0% 2.2% 1.0% 1.2% 0.9% 0.8% 0.3% Group LCC LCC LCC 3/
Slide 27: Reassure | Offering customers an unparalleled network
Reassure | Offering customers an unparalleled network Unparalleled connectivity across 88 domestic destinations1 420+ direct domestic city pairs 4 1,100+ indirect city pairs connected c.3,200 kms via convenient one stop service2,4 Added 10 destinations and 40+ routes in FY24 c.87% of India's populat
Slide 28: Reassure | Expanding reach into International destinations
Reassure | Expanding reach into International destinations Direct International connectivity from 18 Indian cities 33 97 international Direct city destinations1,2 pairs4 8 750+ strategic Indirect city partners pairs3,4 Added7 International destinations and 19 routes in FY24 Increased international s
Slide 29: Develop | Digitalization to enable next phase of growth
Develop | Digitalization to enable next phase of growth Self baggage drop and 6Eskai | Enhancing customer experience Baggage reconciliation system • 6Eskai, IndiGo's AI conversational direct channel : Innovation co-created in Ground support equipment partnership with Microsoft automation Digitize In
Slide 30: Develop | Continuous investments in the talent
Develop | Continuous investments in the talent… IndiGo Cadet Pilot Programme Expansion of ifly training academy pan India 1,000+ Gurgaon + Bengaluru graduates till date Over 80% 7 partners.. Gurgaon -II increase in exploring more training capacity Hyderabad Kolkata Mumbai 2,000+ 3,500+ employees tra
Slide 31: Develop | Expanding our Engineering infrastructure
Develop | Expanding our Engineering infrastructure Delhi Bengaluru Area 16,500 20,000 sq. mtrs sq. mtrs No. of lines 2 2 State of the art facilities to support repair activities such as engine change, landing gear change, etc. 3/22/2024 Company Presentation 2024 30
Slide 32: Create | Next phase of growth in International skies
Create | Next phase of growth in International skies Large population of the Adding range world living within the flying through range A321XLR Targeting Mid–long haul markets To shift capacity mix further towards International through new destinations and routes Expected within next 2 years... curre
Slide 33: Create | Leverage and play the geographical advantage
Create | Leverage and play the geographical advantage Illustrative international-to-international (I-2-I) flows via India India’s geographical position allows for Europe significant growth in I-2-I flows CIS & West Asia Serving broader set of customers through Gulf and Middle-East seamless connectio
Slide 34: Create | Partnerships across the world
Create | Partnerships across the world Flying to 49 international destinations via codeshare partnerships with 8 leading global airlines 3/22/2024 Company Presentation 2024 33
Slide 35: Create | New initiatives supporting current business
Create | New initiatives supporting current business We are supplementing the business with We are complementing the business with Freighters Loyalty Ventures (Payload c.27 Tonnes) Program • #3 A321P2F in our fleet • Subject to regulatory Way forward approvals, 6E plans to Foray into loyalty program
Slide 36: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 37: IndiGo | Focused execution, sustained profitability
IndiGo | Focused execution, sustained profitability 5 quarters of profitable growth Net worth positive again at 31 Dec 23 FY09 – FY19 67.4 154.9 Covid-19 30.0 0.9 Q3 FY23 30.9 1.9 Q4 FY23 9.2 14.2 Q1 FY24 Q2 FY24 31-Dec-19 Covid-19 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 31-Dec-23 Q3 FY24
Slide 38: IndiGo | External variables, influence performance
IndiGo | External variables, influence performance Fuel Foreign Supply Regulation Inflation volatility exchange chain changes 3/22/2024 Company Presentation 2024 37
Slide 39: IndiGo | Effectively managing supply chain headwinds
IndiGo | Effectively managing supply chain headwinds ASKs (in billions) 139 114 FY23 FY24E Continuous growth in capacity despite supply-chain challenges 3/22/2024 Company Presentation 2024 38
Slide 40: IndiGo | Strong liquidity position and cash deployment
IndiGo | Strong liquidity position and cash deployment Increase in free cash by 133% in the last 5 quarters Safety Strong liquidity position ringfences Free cash1 against external shocks net 192 bn Growth Cash deployment towards building capital capabilities Others 3/22/2024 Company Presentation 202
Slide 41: IndiGo | Delivered on guidance in FY24
IndiGo | Delivered on guidance in FY24 FY24 guidance Achieved Capacity +North of mid-teens Fleet c.350 Passengers 100 mn passengers Destinations +10-15 destinations end with c.115 Employees +5,000 +4,500 employees employees 3/22/2024 Company Presentation 2024 40
Slide 42: IndiGo | Outlook for FY25
IndiGo | Outlook for FY25 FY25 guidance Growth Capacity + Early double digits Additions Fleet more than 1 aircraft per week1 Growth Passengers + Early double digits Add Destinations c.10 destinations Employees Increase + 5,500-6,000 employees Continued focus on profitable growth to enhance stakehold
Slide 43: 2024 Analyst Day | Agenda
2024 Analyst Day | Agenda India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward
Slide 44: IndiGo Green | Young fleet helping us in decarbonizing
IndiGo Green | Young fleet helping us in decarbonizing Fleet Composition New Gen. Old Gen. gCO2 emissions per ASK 20% reduced emissions vs 20% FY 2016 44% 74.6 75.0 74.6 67% 72.0 85% 70.0 Damp Lease effect 80% 56% 64.7 33% Amongst lowest CO2 emission 61.1 15% profile in the world 59.5 60.4 Mar-17 Ma
Slide 45: Diversity, Equity & Inclusion
Diversity, Equity & Inclusion Almost half of our team members are women Highest 44.2% number of Female women 55.8% pilots Male globally In FY24, we on-boarded 130+ employees with disabilities, the number of PwD hiring increased by over 2x as compared to FY23. IndiGo was awarded by 'Employer of Diver
Slide 46: IndiGoReach | Our Corporate Social Responsibility imprint
IndiGoReach | Our Corporate Social Responsibility imprint Four pillars of IndiGoReach Children & Women Heritage Environment Education Empowerment Case study: Safeguarding biodiversity through conservation initiatives Objectives of To restore the degraded forest area and to generate the Project alter
Slide 47: Recognitions & 6E Spirit
Recognitions & 6E Spirit
Slide 48: Awards and accolades
Awards and accolades ‘Airline of the year’ Air Transport Awards 2024 ‘CAPA Asia Environmental Sustainability Award 2023’ Best Low-Cost Airlines in India & South Asia 2023 ‘DEI Power Award’ at Global Best Investment Solution Inclusion Summit 2023 (Silver winner) ‘2023 ‘Top 25 safest workplaces World’
Slide 49: 6E Spirit
The Power of We is our collective strength. It’s about 6E Spirit unity, collaboration and the shared vision that propels us towards excellences 3/22/2024 Company Presentation 2024 48
Slide 50: THANK YOU
THANK Investor Relations Contact us YOU Investor.relations@GoindiGo.in www.GoindiGo.in