Slide 1: Exchange filing cover letter under Regulation 30
November 3, 2023 IGAL/SECT/11-23/08 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 FY24
Earnings Presentation Q2 FY24 Jul – Sep 2023 November 03, 2023
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 Q2 FY24 vs Q2 FY23 ASKs 35.3 bn +27.7% RPKs 29.4 bn +34.3% Almaty Closing Aircraft 334^ +55 Tashkent Domestic Destinations 79 +5 Tbilisi Baku Istanbul International Destinations** 32* +10 Chengdu Delhi Kathmandu Guangzhou Kuwait Hong Kong Dammam Bahrain Ras Al Khaimah Riyad
Slide 5: Quarterly Highlights – Q2 FY24 vs Q2 FY23
QUARTERLY HIGHLIGHTS – Q2 FY24 vs Q2 FY23
Slide 6: Financial summary
Financial summary Quarter Ended Particulars (in INR million) Favorable / Sep’23 Sep’22 (Adverse) ASK (billion) 35.3 27.7 27.7% Total income 155,029 128,523 20.6% RASK* (INR) 4.25 4.57 (7.2%) Total expenses 153,138 144,356 (6.1%) CASK* (INR) 4.19 5.15 18.5% CASK ex fuel* (INR) 2.53 2.88 12.1% CASK ex
Slide 7: Revenue breakup
Revenue breakup Quarter Ended Particulars (in INR million) Favorable / Sep’23 Sep’22 (Adverse) Revenue from operations 149,439 124,976 19.6% Other income 5,591 3,547 57.6% Total income 155,029 128,523 20.6% ASK (billion) 35.3 27.7 27.7% RPK (billion) 29.4 21.9 34.3% Load factor (%) 83.3% 79.2% 4.1 p
Slide 8: Cost breakup
Cost breakup Quarter Ended Particulars (in INR million) Favorable / Sep’23 Sep’22 (Adverse) Aircraft fuel expenses 58,560 62,579 6.4% Aircraft and engine rentals 1,956 485 (303.6%) Supplementary rentals and aircraft repair 21,171 18,393 (15.1%) and maintenance (net) Airport fees and charges 9,813 8,
Slide 9: Cash and Debt
Cash and Debt Quarter Ended Particulars (in INR million) Favorable / Sep’23 Sep’22 (Adverse) Free Cash 180,827 82,442 119.3% Restricted Cash 125,831 114,164 10.2% Total Cash 306,658 196,606 56.0% Debt excluding capitalized 38,687 48,174 19.7% operating lease liability Capitalized operating lease lia
Slide 10: Key performance indicators | Q2
Key performance indicators | Q2 Total revenue (INR mn) Total expenses (INR mn) Q2FY24 155,029 Q2FY24 153,138 Q2FY23 128,523 Q2FY23 144,356 Q2FY22 57,987 Q2FY22 72,344 Q2FY21 30,292 Q2FY21 42,241 EBITDAR (INR mn) PAT (INR mn) Q2FY24 24,464 16.4% Q2FY24 1,889 1.3% Q2FY23 2,292 1.8% Q2FY23 (15,833) (12
Slide 11: Appendix
APPENDIX
Slide 12: Fleet Breakup
Fleet Breakup 30th Sep, 2023 30th Jun, 2023 30th Sep, 2022 334 316 279 • 16 Owned/Finance Lease • 14 Owned/Finance Lease • 14 Owned/ Finance Lease • 316 Operating Lease • 300 Operating Lease • 265 Operating Lease • 2 Damp lease • 2 Damp lease • 176 A320neo • 166 A320neo • 149 A320neo • 20 A320ceo •
Slide 13: Non-IndAS measures- RASK
Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Sep’23 Sep’22 Total revenue 155,029 128,523 Finance income 5,085 2,012 Total revenue less finance income (A) 149,944 126,511 ASK (millions) (B) 35,321 27,664 RASK (INR) (C = A / B) 4.25 4.57 12
Slide 14: Non-IndAS measures- CASK
Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Sep’23 Sep’22 Total expenses 153,138 144,356 Finance income 5,085 2,012 Total expense less finance income (A) 148,053 142,344 ASK (millions) (B) 35,321 27,664 CASK (INR) (C = A / B) 4.19 5.15 Fuel cost/ ASK (INR) (D) 1.66 2.26 CASK
Slide 15: Non-IndAS measures- EBITDAR
Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Sep’23 Sep’22 PBT 1,891 (15,833) Finance cost 10,213 7,276 Less: Finance income 5,085 2,012 Depreciation & amortization 15,490 12,376 Aircraft and engine rental 1,956 485 EBITDAR (A) 24,464 2,292 Revenue from Operations (B) 149,4
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!