Slide 1: Exchange filing cover letter under Regulation 30
February 03, 2023 IGAL/SECT/02-23/07 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 Q3 FY23
Earnings Presentation Q3 FY23 Oct – Dec 2022 February 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 Q3 FY23 vs Q2 FY23 vs Q3 FY22 ASKs 28.8 bn +4.0% +25.3% RPKs 24.5 bn +11.8% +33.8% Closing Aircraft 302^ +23 +19 Domestic Destinations 75 +1 +4 International Destinations 22 +0 NA* Ras Al Khaimah Katmandu Bahrain Dhaka Existing domestic stations Metros International destina
Slide 5: Quarterly Highlights – Q3FY23 vs Q3FY22
QUARTERLY HIGHLIGHTS – Q3FY23 vs Q3FY22 4
Slide 6: Financial summary
Financial summary Quarter Ended Particulars (in INR million) Favorable / Dec’22 Dec’21 (Adverse) ASK (billion) 28.8 23.0 25.3% Total income 154,102 94,801 62.6% RASK* (INR) 5.26 4.09 28.9% Total expenses 139,869 93,464 (49.6%) CASK* (INR) 4.77 4.03 (18.4%) CASK ex fuel* (INR) 2.76 2.60 (6.0%) EBITDA
Slide 7: Revenue breakup
Revenue breakup Quarter Ended Particulars (in INR million) Favorable / Dec’22 Dec21 (Adverse) Revenue from operations 149,330 92,948 60.7% Other income 4,772 1,853 157.5% Total income 154,102 94,801 62.6% ASK (billion) 28.8 23.0 25.3% RPK (billion) 24.5 18.3 33.8% Load factor (%) 85.1% 79.7% 5.4 pts
Slide 8: Cost breakup
Cost breakup Quarter Ended Particulars (in INR million) Favorable / Dec’22 Dec’21 (Adverse) Aircraft fuel expenses 57,851 32,693 (77.0%) Aircraft and engine rentals (net) 700 1,273 45.0% Supplementary rentals and aircraft repair 19,854 18,223 (9.0%) and maintenance (net) Airport fees and charges 9,1
Slide 9: Cash and Debt
Cash and Debt Quarter Ended Particulars (in INR million) Favorable / Dec’22 Dec’21 (Adverse) Free Cash 106,125 78,141 35.8% Restricted Cash 113,121 95,048 19.0% Total Cash 219,247 173,189 26.6% Debt excluding capitalized 34,333 43,889 21.8% operating lease liability Capitalized operating lease 410,4
Slide 10: Financial highlights for the quarter
Financial highlights for the quarter Total income (INR mn) Total expenses (INR mn) 154,102 139,869 103,302 97,736 93,464 94,801 INR mn INR mn 57,659 51,428 Q3FY20 Q3FY21 Q3FY22 Q3FY23 Q3FY20 Q3FY21 Q3FY22 Q3FY23 EBITDAR (INR mn) PAT (INR mn) 19.7% 20.1% 21.5% 22.8% 5.0% (12.6%) 1.4% 9.5% 33,990 14,2
Slide 11: Appendix
APPENDIX 10
Slide 12: Fleet Breakup
Fleet Breakup 31st Dec, 2022 30th Sep, 2022 31st Dec, 2021 302 279 283 • 14 Owned/ Finance Lease • 14 Owned/ Finance Lease • 14 Owned/ Finance Lease • 288 Operating Lease • 265 Operating Lease • 269 Operating Lease • 160 A320neo • 149 A320neo • 140 A320neo • 23 A320ceo • 26 A320ceo • 56 A320ceo • 78
Slide 13: Non-IndAS measures- RASK
Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Dec’22 Dec’21 Total income 154,102 94,801 Less: Finance income (2,660) (1,002) Total income less finance income (A) 151,442 93,798 ASK (millions) (B) 28,766 22,959 RASK (INR) (C = A / B) 5.26 4.09 12
Slide 14: Non-IndAS measures- CASK
Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Dec’22 Dec’21 Total expenses 139,869 93,464 Less: Finance income (2,660) (1,002) Total expense less finance income (A) 137,209 92,462 ASK (millions) (B) 28,766 22,959 CASK (INR) (C = A / B) 4.77 4.03 Fuel cost/ ASK (INR) (D) 2.01 1.
Slide 15: Non-IndAS measures- EBITDAR
Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Dec’22 Dec’21 PBT 14,233 1,337 Finance cost 8,293 6,011 Less: Finance income (2,660) (1,002) Depreciation & amortization 13,424 12,338 Aircraft and engine rental 700 1,273 EBITDAR (A) 33,990 19,955 Revenue from Operations (B) 149
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! 16