InterGlobe Aviation Limited — Interim / Quarterly Report 2021

Oct 28, 2021

IGAUSECT /1 0-21 /07

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October 28, 2021

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

Dear Sir / Madam,

Re : Dlsclosure uoder Regulatlon 30 of the SEBI (llstlng_Obllgatlons and Disclosure Re�ulrements) Regulations. 2015 (the "SEBI LODA Regulations")

In compliance with Regulation 30 and other applicable regulations of the SEBI LODA Regulations, please find enclosed a copy of the Press Release on the unaudited financial results for the quarter and half year ended September 30, 2021.

This is for your information and record.

Thanking you,

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For lnterGlobe Aviation Limited
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lnterGlobe Aviation limited Registered Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Deihl - 110 001, India, M +91 9650098905, F +91 11 43513200,Email: corporate@goindlgo,in Corparote Office: Level 1 , Tower C, Global Business Park, M G Road, Gurgoon - 122 002, Han,,ana, India. T +91 124 435 2500. F + 91 124 406 8536 CIN no.: l62100DL2004PLC129768

goindigo.ln F.-om tnTeRGLOBe f.:

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Press Release

IndiGo reports net loss of INR 14,357 million and EBITDAR of INR 3,408 million for the quarter ended September 2021 on a consolidated basis.

Gurgaon, October 28, 2021: InterGlobe Aviation Ltd. (“IndiGo”) today reported its second quarter fiscal year 2022 results

• Revenue from Operations of INR 56,085 million for the quarter, an increase of 104.6% against a 78.3% increase in capacity compared to same period last year

• EBITDAR of INR 3,408 million with EBITDAR margin of 6.1% for the quarter, compared to EBITDAR of INR 4,085 million with EBITDAR margin of 14.9% for the same period last year

• Loss before tax of INR 14,357 million, compared to loss before tax of INR 11,949 million for the same period last year

• Basic earnings per share was negative INR 37.29 for the quarter

• Strong liquidity position with a total cash of INR 165,539 million including free cash of INR 63,516 million

Profitability Metrics

		Quarter ended	Quarter ended
Particulars (INR mn)	Sep‘21	Sep‘20	**Change **
EBITDAR	3,408	4,085	-16.6%
PBT	(14,357)	(11,949)	-20.2%
PAT	(14,357)	(11,948)	-20.2%
		Quarter ended
Particulars (INR mn)	Sep‘21	Jun‘21	**Change **
EBITDAR	3,408	(13,602)	+125.1%
PBT	(14,357)	(31,742)	+54.8%
PAT	(14,357)	(31,742)	+54.8%

Operational Metrics*

		Quarter ended	Quarter ended
Particulars	Sep‘21	Sep‘20	**Change **
ASK(billion)	15.8	8.9	+78.3%
RPK(billion)	11.2	5.8	+94.9%
Load Factor	71.1%	65.1%	+6.1pts

*Includes non-scheduled operations. Excludes cargo charters

		Quarter ended	Quarter ended
Particulars	Sep‘21	Jun‘21	**Change **
ASK(billion)	15.8	11.2	+40.9%
RPK(billion)	11.2	6.6	+70.5%
Load Factor	71.1%	58.7%	+12.4 pts

*Includes non-scheduled operations. Excludes cargo charters

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The Company’s CEO, Mr. Ronojoy Dutta said, “ We are encouraged by the pace of revenue recovery. We continue to work towards return to profitability in order to strengthen our balance sheet. With a modern fleet, dedicated employees and a stronger economic environment we are well positioned to leverage all the growth opportunities around us.”

Revenue and Cost Comparisons

Total income for the quarter ended September 2021 was INR 57,987 million, an increase of 91.4% over the same period last year. For the quarter, our passenger ticket revenues were INR 47,163 million, an increase of 113.6% and ancillary revenues were INR 8,177 million, an increase of 61.4% compared to the same period last year.

Particulars (INR mn)	Quarter ended	Quarter ended	Quarter ended
	Sep‘21	Sep‘20	Change
Revenue fromOperations	56,085	27,410	+104.6%
Other Income	1,902	2,882	-34.0%
Total Income	57,987	30,292	+91.4%
RASK*(INR)	3.60	3.24	+11.3%
Yield(INR/Km)	4.19	3.83	+9.6%

*Net of finance income of INR 1,053 million and INR 1,600 million for quarter ended Sep‘21 and Sep’20 respectively

Particulars (INR mn)	Quarter ended	Quarter ended	Quarter ended
	Sep‘21	Jun‘21	Change
Revenue fromOperations	56,085	30,069	+86.5%
Other Income	1,902	1,633	+16.5%
Total Income	57,987	31,703	+82.9%
RASK*(INR)	3.60	2.73	+32.1%
Yield(INR/Km)	4.19	3.48	+20.4%

*Net of finance income of INR 1,053 million and INR 1,110 million for quarter ended Sep‘21 and Jun’21 respectively

Total expenses for the quarter ended September 2021 were INR 72,344 million, an increase of 71.3% over the same quarter last year.

	Quarter ended	Quarter ended	Quarter ended
Particulars (INR mn)	Sep‘21	Sep‘20	Change
Fuel Cost	19,894	6,464	+207.8%
OtherCosts excludingfuel	52,450	35,776	+46.6%
Total Cost	72,344	42,241	+71.3%
CASK*(INR)	4.51	4.58	-1.6%
CASK ex fuel*(INR)	3.25	3.85	-15.7%

*Net of finance income of INR 1,053 million and INR 1,600 million for quarter ended Sep‘21 and Sep’20 respectively

	Quarter ended	Quarter ended	Quarter ended
Particulars (INR mn)	Sep‘21	Jun‘21	Change
Fuel Cost	19,894	12,159	+63.6%
OtherCosts excludingfuel	52,450	51,285	+2.3%
Total Cost	72,344	63,444	+14.0%
CASK*(INR)	4.51	5.55	-18.8%
CASK ex fuel*(INR)	3.25	4.47	-27.3%

*Net of finance income of INR 1,053 million and INR 1,110 million for quarter ended Sep‘21 and Jun’21 respectively

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Cash and Debt

As of 30[th] September 2021

• IndiGo had a total cash balance of INR 165,539 million comprising INR 63,516 million of free cash and INR 102,023 million of restricted cash.

• The capitalized operating lease liability was INR 275,626 million. The total debt (including the capitalized operating lease liability) was INR 323,353 million.

Network and Fleet

• As of 30th September 2021, fleet comprised 279 aircraft including 72 A320 CEOs, 130 A320 NEOs, 44 A321 NEOs and 33 ATRs; a net increase of 2 aircraft during the quarter.

• IndiGo operated a peak of 1,209 daily flights and a minimum of 759 flights during the quarter including non-scheduled flights.

• During the quarter, provided scheduled services to 69 domestic destinations and various international locations through passenger charters and air bubble flights.

Operational Performance

For the period July-September’21

• IndiGo had a Technical Dispatch Reliability of 99.92%.

• IndiGo had an on-time performance of 96.6% at four key metros and flight cancellation rate of 0.7%.

Future Capacity Growth

• Third quarter fiscal year 2022 capacity in terms of ASKs is expected to increase by around 40% as compared to the second quarter of fiscal year 2022 and around 45% as compared to the same quarter previous year.

Awards and Accolades

• Skytrax in UK has recognized IndiGo as the best LCC in South Asia and 5th best LCC globally.

• IndiGo was ranked 36[th] amongst Global Airline Brands as per the Brand Finance Top 50 Airlines Report 2021.

• IndiGo was felicitated as a Prestigious Brand of India 2020-21 by Herald Global and BARC Asia.

• IndiGo and Genesis BCW won a Diamond and two Gold awards at PRovoke Media SABRE Awards South Asia.

• IndiGo and Wieden & Kennedy won a Gold Award under the Customer Engagement & Experience campaign category at the ET Shark Awards.

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Conference Call

The Company will conduct a live audio earnings call today, October 28 at 5 pm IST which will be available to the public on a listen only mode followed by Q&A session. The dial-in details are given below:

to the public on a listen only mode followed by Q&A session. The dial-in details are given below:	to the public on a listen only mode followed by Q&A session. The dial-in details are given below:
Dial-inNumbers
Universal Access	Primary Number:+91 2262801311 or +91 22 7115 8212
Local Access	PrimaryNumber: 1 800 120 1221
Other Regions	USA: UK: Singapore: Hong Kong: Japan: 18667462133 08081011573 8001012045 800964448 00531161110 or or or or or +1 3233868721 +44 2034785524 +65 31575746 +852 30186877 +81 345899421
Pre-register at the following URLand get your unique dial-indetails for the call
Diamond Pass	https://services.choruscall.in/DiamondPassRegistration/register?confirmatio nNumber=0209976&linkSecurityString=cb53d9d0

About IndiGo

IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, and a courteous, hassle-free travel experience. It had a fleet of 279 aircraft as of 30[th] September 2021.

Disclaimer

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.

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