Slide 1: Outcome of Board Meeting letter to stock exchanges
February 2, 2024 IGAL/SECT/2-24/03 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 Tower Bandra - (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Symbol: INDIGO Scrip Code: 539448 Su
Slide 2: Authorised Key Managerial Personnel for materiality disclosure
4. Accordingly, as per Clause 30(5) of the Regulations, please refer below to the list of Key Managerial Personnel who are authorized, jointly or severally, to determine materiality of an event or information and to make disclosure to stock exchanges: S. No. Authorised Key Managerial Contact Details
Slide 3: Earnings Presentation Q3 FY24
Earnings Presentation Q3 FY24 Oct – Dec 2023 February 02, 2024
Slide 4: 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 5: IndiGo – Network presence
IndiGo – Network presence Q3 FY24 vs Q3 FY23 ASKs 36.5 bn +26.8% RPKs 31.3 bn +27.8% Almaty Closing Aircraft 358^ +56 Tashkent Domestic Destinations 86 +11 Tbilisi Baku Istanbul International Destinations** 32* +10 Chengdu Delhi Kathmandu Guangzhou Kuwait Hong Kong Dammam Bahrain Ras Al Khaimah Riya
Slide 6: Quarterly Highlights – Q3 FY24 vs Q3 FY23
QUARTERLY HIGHLIGHTS – Q3 FY24 vs Q3 FY23
Slide 7: Financial summary
Financial summary Quarter Ended Particulars (in INR million) Favorable / Dec’23 Dec’22 (Adverse) ASK (billion) 36.5 28.8 26.8% Total income 200,623 154,102 30.2% RASK* (INR) 5.34 5.26 1.5% Total expenses 170,637 139,869 (22.0%) CASK* (INR) 4.52 4.77 5.2% CASK ex fuel* (INR) 2.64 2.76 4.2% CASK ex fu
Slide 8: Revenue breakup
Revenue breakup Quarter Ended Particulars (in INR million) Favorable / Dec’23 Dec’22 (Adverse) Revenue from operations 194,521 149,330 30.3% Other income 6,101 4,772 27.8% Total income 200,623 154,102 30.2% ASK (billion) 36.5 28.8 26.8% RPK (billion) 31.3 24.5 27.8% Load factor (%) 85.8% 85.1% 0.7 p
Slide 9: Cost breakup
Cost breakup Quarter Ended Particulars (in INR million) Favorable / Dec’23 Dec’22 (Adverse) Aircraft fuel expenses 68,414 57,851 (18.3%) Aircraft and engine rentals 2,991 700 (327.2%) Supplementary rentals and aircraft repair 26,307 19,854 (32.5%) and maintenance (net) Airport fees and charges 12,36
Slide 10: Cash and Debt
Cash and Debt Quarter Ended Particulars (in INR million) Favorable / Dec’23 Dec’22 (Adverse) Free Cash 191,996 106,125 80.9% Restricted Cash 132,285 113,121 16.9% Total Cash 324,280 219,247 47.9% Debt excluding capitalized 66,310 34,333 (93.1%) operating lease liability Capitalized operating lease l
Slide 11: Key performance indicators | Q3
Key performance indicators | Q3 Total revenue (INR mn) Total expenses (INR mn) Q3FY24 200,623 Q3FY24 170,637 Q3FY23 154,102 Q3FY23 139,869 Q3FY22 94,801 Q3FY22 93,464 Q3FY21 51,428 Q3FY21 57,659 EBITDAR (INR mn) PAT (INR mn) Q3FY24 54,751 28.1% Q3FY24 29,981 15.4% Q3FY23 33,990 22.8% Q3FY23 14,226 9
Slide 12: Appendix
APPENDIX
Slide 13: Fleet Breakup
Fleet Breakup 31st Dec, 2023 30th Sep, 2023 31st Dec, 2022 358 334 302 • 26 Owned/Finance Lease • 16 Owned/Finance Lease • 14 Owned/ Finance Lease • 319 Operating Lease • 316 Operating Lease • 288 Operating Lease • 13 Damp lease • 2 Damp lease • 184 A320neo • 176 A320neo • 160 A320neo • 31 A320ceo •
Slide 14: Non-IndAS measures- RASK
Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Dec’23 Dec’22 Total revenue 200,623 154,102 Finance income (5,834) (2,660) Total revenue less finance income (A) 194,789 151,442 ASK (millions) (B) 36,464 28,766 RASK (INR) (C = A / B) 5.34 5.26 12
Slide 15: Non-IndAS measures- CASK
Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Dec’23 Dec’22 Total expenses 170,637 139,869 Finance income (5,834) (2,660) Total expense less finance income (A) 164,803 137,209 ASK (millions) (B) 36,464 28,766 CASK (INR) (C = A / B) 4.52 4.77 Fuel cost/ ASK (INR) (D) 1.88 2.01 C
Slide 16: Non-IndAS measures- EBITDAR
Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Dec’23 Dec’22 PBT 29,985 14,233 Finance cost 10,952 8,293 Less: Finance income (5,834) (2,660) Depreciation & amortization 16,657 13,424 Aircraft and engine rental 2,991 700 EBITDAR (A) 54,751 33,990 Revenue from Operations (B) 1
Slide 17: 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 18: Thank You!
THANK YOU!