Gmr Airports Ltd · NSE:GMRAIRPORT
Gmr Airports — GMR Infrastructure — Investor Presentation (March 2019)
9 slides from Gmr Airports's investor presentation, Mar 27, 2019
Slide 1: GMR Infrastructure Limited letter to exchanges: Investor Presentation
GMR Infrastructure Limited Corporate Office: New Udaan Bhawan. Opp. Terminal 3 Indira Gandhi International Airport New Delhi - l!O 037 CIN L45203MH1996PLC281138 T +911142532600 F +91l147197181 W wwwgmrgroup.in March 27, 2019 BSE Limited, National Stock Exchange of India Ltd . Phiroze Jeejeebhoy Towe
Slide 2: Equity Capital Raise
Equity Capital Raise March 27, 2019 0
Slide 3: GMR Raises Rs. 80 bn from Marquee Long Term Strategic & Financial Investors
GMR Raises Rs. 80 bn (Rs. 8,000 Cr) from Marquee Long Term Strategic & Financial Investors 1
Slide 4: Broad Contours
Broad Contours Item Description Transaction Minority Stake Sale in GMR Airports Ltd. Equity Investment: Rs. 80 bn (Rs. 8,000 Cr) Investment o Secondary Sale: Rs. 70 bn (Rs. 7,000 Cr) Amount o Primary Infusion: Rs. 10 bn (Rs. 1,000 Cr) Investors Amount Proportion of (Rs. bn) Equity Investment 1. Tata
Slide 5: Equity Valuation of GMR Airport Ltd.
Equity Valuation of GMR Airport Ltd. Particulars Rs. bn Base Post-Money Valuation 180.0 Plus: Earn-outs of upto 44.8 (Linked to achievement of certain agreed operating performance metrics and receipt of certain regulatory clarifications over the next ~5 years) Total Post-Money Valuation (including E
Slide 6: Shareholding Structure
Shareholding Structure Note: GIL intends to provide exit to existing PE Investors holding 5.8% stake in GAL Post closure of transaction and on successful consummation of Earn-outs, GIL (direct & indirect) shareholding in GAL will reach to 61.7% 4
Slide 7: Investment Merits
Investment Merits • Creation of world-class Airport Development and Management platform in partnership with long term marquee investors • Significant deleveraging at GIL using the equity raise o Repayment of Rs. 70 bn Corporate Debt at GMR Infrastructure Ltd. (GIL) o Repayment of Rs. 10 bn NCD at GM
Slide 8: Pro Forma Debt Snapshot
Pro Forma Debt Snapshot (A) Consolidated Debt at GIL Rs. bn Net Debt (as of Dec'18) 200 Less: Equity raise – secondary (70) Less: Equity raise – primary (10) Net Debt post transaction* ^ 120 (B) Corporate Debt at GIL** Rs. bn Net Corporate debt (as of Dec'18) 64 Less: Equity raise – secondary (70) N
Slide 9: Thank You
Thank You Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise | Learning and Inner Excellence | Social Responsibility | Respect for Individual 7
GMR Infrastructure — Investor Presentation (March 2019) on 6ix