InterGlobe Aviation Limited — Interim / Quarterly Report 2021

Jul 27, 2021

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July 27, 2021 IGAL/SECT/07-21/08

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 Dear Sir / Madam,

Re : Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI LODR Regulations“)

In compliance with Regulation 30 and other applicable regulations of the SEBI LODR Regulations, please find enclosed a copy of the presentation on financial results for the quarter ended June 30, 2021, to be made to Analysts and Institutional Investors.

This is for your information and record.

Thanking you,

For InterGlobe Aviation Limited

Digitally signed SANJAY by SANJAY GUPTA GUPTA Date: 2021.07.27 15:58:37 +05'30' Sanjay Gupta Company Secretary and Chief Compliance Officer

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InterGlobe Aviation Limited Registered Office: Upper Ground Floor, Thapar House, Gate No. 2, Western Wing, 124 Janpath, New Delhi – 110 001, India. M +91 9650098905, F + 91 11 43513200 Email: corporate@goindigo.in Corporate Office: Level1, Tower C, Global Business Park, M G Road, Gurgaon - 122 002, Haryana, India. T +91 124 435 2500. F + 91 124 406 8536 CIN no.: L62100DL2004PLC129768

Earnings Presentation Q1 FY22 Apr – Jun 2021

1

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 viewed together with the Earnings Press Release

2

Financial highlights for the quarter

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’21	Jun'20	Change%
ASK (billion)	11.2	2.1	433.2%
Total income	31,703	11,438	177.2%
RASK (INR)	2.73	4.19	-35.0%
Total expenses	63,444	39,864	59.2%
CASK (INR)	5.55	17.70	-68.6%
CASK ex fuel (INR)	4.47	17.09	-73.8%
EBITDAR	-13,602	-14,212	4.3%
EBITDAR Margin	-45.2%	-185.4%	140.1 pts
PBT	-31,742	-28,426	-11.7%
PBT Margin	-105.6%	-370.7%	265.2 pts
PAT	-31,742	-28,443	-11.6%
PAT Margin	-105.6%	-371.0%	265.4 pts

3

Revenue breakup for the quarter

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’21	Jun'20	Change%
Revenue from operations	30,069	7,667	292.2%
Other income	1,633	3,771	-56.7%
Total income	31,703	11,438	177.2%
ASK (billion)	11.2	2.1	433.2%
RPK (billion)	6.6	1.3	410.9%
Load factor (%)	58.7%	61.3%	-2.6 pts
Yield (INR)	3.48	4.54	-23.2%
RASK (INR)	2.73	4.19	-35.0%

Note : The above operational metrics includes non-scheduled operations.

4

Cost breakup for the quarter

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’21	Jun'20	Change%
Aircraft fuel expenses	12,159	1,275	853.7%
Aircraft and engine rentals (net)	523	757	-31.0%
Supplementary rentals and aircraft repair and maintenance (net)	11,064	7,394	49.6%
Airport fees and charges	3,719	1,204	208.9%
Purchase of stock in trade	75	4	1808.4%
Changes in inventories of stock in trade	10	34	-71.4%
Employee costs	8,768	9,444	-7.2%
Finance costs	5,555	5,097	9.0%
Depreciation and amortization expenses	13,173	10,966	20.1%
Foreign exchange (gain)/ loss (net)	3,673	759	384.1%
Other expenses	4,725	2,929	61.3%
Total expenses	63,444	39,864	59.2%
CASK (INR)	5.55	17.70	-68.6%
CASK ex fuel (INR)	4.47	17.09	-73.8%
Exchange Rate (US$/INR)*	74.39	75.55	-1.5%
Fuel Price (INR / Litre)**	63.10	37.71	67.3%

• Closing Exchange Rate for the quarter

** Average fuel price announced by IOCL for domestic airlines for the 4 metros – Delhi, Mumbai, Kolkata and Chennai

5

Cash and Debt

Particulars (in INR million)	Quarter Ended	Quarter Ended	Quarter Ended
	Jun’21	Jun'20	Change%
Free Cash	56,207	75,276	-25.3%
Restricted Cash	114,472	109,222	4.8%
Total Cash	170,679	184,498	-7.5%
Debt excluding capitalized operating lease liability	57,566	23,737	142.5%
Capitalized operating lease liability	259,335	211,779	22.5%
Total Debt	316,901	235,516	34.6%

6

Appendix

Fleet breakup

30[th] Jun, 2021 277

31[st] Mar, 2021 285

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• 15 Owned/Finance • 15 Owned/Finance
Lease Lease
• •
262 Operating Lease 270 Operating Lease
• •
122 A320neo 120 A320neo
• •
85 A320ceo 100 A320ceo
• •
41 A321neo 39 A321neo
• •
29 ATR 26 ATR
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30[th] Jun, 2020 274

• 29 Owned/ Finance Lease

• • 245 Operating Lease

• • 108 A320neo

• • 123 A320ceo

• • 18 A321neo

• • 25 ATR

8

Non-IndAS measures- RASK

Particulars (in INR million)	Quarter Ended	Quarter Ended
	Jun’21	Jun’20
Total revenue	31,703	11,438
Finance income	1,110	2,607
Total revenue less finance income (A)	30,593	8,832
ASK (millions) (B)	11,226	2,105
RASK (INR) (C=A/B)	2.73	4.19

9

Non-IndAS measures- CASK

Particulars (in INR million)	Quarter Ended	Quarter Ended
	Jun’21	Jun’20
Total expenses	63,444	39,864
Finance income	1,110	2,607
Total expense less finance income (A)	62.335	37,257
ASK (millions) (B)	11,226	2,105
CASK (INR) (C=A/B)	5.55	17.70
Fuel cost/ ASK (INR) (D)	1.08	0.61
CASK ex fuel (INR) (E=C-D)	4.47	17.09

10

Non-IndAS measures- EBITDAR

Particulars (in INR million)	Quarter Ended	Quarter Ended
	Jun’21	Jun’20
PBT	-31,742	-28,426
Finance cost	5,555	5,097
Less: Finance income	1,110	2,607
Depreciation & amortization	13,173	10,966
Aircraft and engine rental	523	757
EBITDAR (B)	-13,602	-14,212
Revenue from Operations (C)	30,069	7,667
EBITDAR Margin (E=B/C)	-45.2%	-185.4%

11

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
Load Factor	Revenue Passenger Kilometer / Available Seat Kilometer
EBITDAR	Earnings before finance income and cost, tax, depreciation, amortization and aircraft and engine rental
EBITDAR margin	EBITDAR / Revenue from Operations
OTP	On Time Performance
RASK	Total Revenue net of finance income per Available Seat Kilometer
RPK	Revenue Passenger Kilometer
Yield	Passenger Ticket Revenue / Revenue Passenger Kilometer

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Thank You