InterGlobe Aviation Limited — Interim / Quarterly Report 2025

Jul 26, 2024

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July 26, 2024

IGAL/SECT/7-24/11

To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Tower Bandra Kurla Complex Dalal Street Bandra – (E) Mumbai – 400 001 Mumbai – 400 051 Symbol: INDIGO Scrip Code: 539448

Subject: Compliances under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

The Board of Directors of the Company in its meeting held on Friday, July 26, 2024, inter-alia , considered and approved the unaudited standalone and consolidated financial results (“Financial Results”) for the quarter ended June 30, 2024.

In this regard, please find enclosed:

i. Unaudited Financial Results along with the Limited Review Reports thereon issued by the Statutory Auditors M/s. S.R. Batliboi & Co. LLP, Chartered Accountants.

ii. Copies of investor presentation and press release.

The Board meeting commenced at 01:15 p.m. (IST) and concluded at 03:06 p.m. (IST).

The above is for your information and record.

Thanking you,

For InterGlobe Aviation Limited

NEERJA Digitally signed by NEERJA SHARM SHARMA Date: A 2024.07.26 15:13:52 +05'30'

Neerja Sharma Company Secretary and Chief Compliance Officer

Encl: As above

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: Emaar Capital Tower-II, Sector-26, Sikanderpur Ghosi, MG Road, Gurugram-122022, Haryana, India. T +91 124 435 2500. CIN no.: L62100DL2004PLC129768

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InterGlobe Aviation Ltd

Towards new heights and across new frontiers

Earnings Presentation Q1 FY25

July 26, 2024

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Safe Harbor

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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.

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IndiGo – Network presence

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Q1’25 (change vs Q1’24)
ASKs 36.3 bn +11.1%
RPKs 31.5 bn +8.7%
Almaty
Closing Aircraft 382^ +66
Tashkent Domestic Destinations 88 +10
Tbilisi Baku
Istanbul
International Destinations 33 +7
Chengdu
Delhi Kathmandu
Guangzhou
Kuwait Hong Kong
Dammam
Bahrain
Ras Al Khaimah Dhaka
Riyadh Abu DhabiDoha DubaiSharjahMuscat Kolkata
Jeddah
Hanoi
Mumbai
Hyderabad
Yangon
Bangkok
Bengaluru
Chennai
Existing domestic stations
Ho Chi Minh City
Phuket
Metros
Colombo
Kuala Lumpur
International destinations Maldives
Singapore
Other International destinations (Pre-covid) Nairobi
^Includes 3 A321 freighters and 18 Damp leases (2 B777s and 16 A320s)
Includes 3 International destinations (pre-covid) Jakarta
During Q1 FY25, provided services to 49 additional international destinations through strategic partnerships
Denpasar
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**During Q1 FY25, provided services to 49 additional international destinations through strategic partnerships Note: The image is for reference purpose only

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QUARTERLY HIGHLIGHTS Q1FY25 vs Q1FY24

Financial Summary

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Quarter Ended
Particulars (in INR million) Favorable /
Jun’24 Jun’23
(Adverse)
ASK (billion) 36.3 32.7 11.1%
Total income 202,489 171,609 18.0%
RASK (INR) 5.40 5.12 5.5%
Total expenses 174,449 140,702 (24.0%)
CASK (INR) 4.62 4.17 (10.9%)
CASK ex fuel (INR) 2.86 2.57 (11.1%)
EBITDAR 58,111 52,108 11.5%
EBITDAR Margin (%) 29.7% 31.2% (1.5 pts)
PBT 28,040 30,907 (9.3%)
PBT Margin (%) 14.3% 18.5% (4.2 pts)
PAT 27,288 30,906 (11.7%)
PAT Margin (%) 13.9% 18.5% (4.6 pts)
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• Net of finance income of INR 6,504 million and INR 4,360 million for quarter ended Jun’24 and Jun’23 respectively

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Revenue breakup

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Quarter Ended
Particulars (in INR million)
Favorable /
Jun’24 Jun’23
(Adverse)
Revenue from operations 195,707 166,831 17.3%
Other income 6,782 4,778 41.9%
Total income 202,489 171,609 18.0%
ASK (billion) 36.3 32.7 11.1%
RPK (billion) 31.5 29.0 8.7%
Load factor (%) 86.7% 88.6% (1.9 pts)
Yield (INR) 5.24 5.18 1.3%
RASK (INR) 5.40 5.12 5.5%
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• Net of finance income of INR 6,504 million and INR 4,360 million for quarter ended Jun’24 and Jun’23 respectively Note: The above operational metrics includes non-scheduled operations.

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Cost breaku p

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Quarter Ended
Particulars (in INR million) Favorable /
Jun’24 Jun’23
(Adverse)
Aircraft fuel expenses 64,165 52,281 (22.7%)
Aircraft and engine rentals 6,241 1,946 (220.7%)
Supplementary rentals and aircraft repair and maintenance (net) 26,033 24,251 (7.3%)
Airport fees and charges 12,861 12,195 (5.5%)
Purchase of stock in trade 837 722 (15.9%)
Changes in inventories of stock in trade 19 25 23.0%
Employee costs 17,572 14,498 (21.2%)
Finance costs 11,576 9,537 (21.4%)
Depreciation and amortization expenses 18,758 14,078 (33.2%)
Foreign exchange (gain)/ loss (net) 575 (1,161) (149.5%)
Other expenses 15,812 12,330 (28.2%)
Total expenses 174,449 140,702 (24.0%)
CASK (INR) 4.62 4.17 (10.9%)
CASK ex fuel (INR) 2.86 2.57 (11.1%)
CASK ex fuel ex forex (INR) 2.84 2.61 (9.0%)
Exchange Rate (US$/INR) 83.42 82.04 (1.7%)
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• Net of finance income of INR 6,504 million and INR 4,360 million for quarter ended Jun’24 and Jun’23 respectively **Closing Exchange Rate for the quarter

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Cash and Debt

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	Particulars (in INR million) Quarter Ended Jun’24 Jun’23 Favorable / (Adverse) Free Cash 220,876 156,911 40.8% Restricted Cash 140,130 117,090 19.7% Total Cash 361,006 274,001 31.8% Debt excluding capitalized operating lease liability 75,697 32,057 (136.1%) Capitalized operating lease liability 449,567 430,862 (4.3%) Total Debt 525,264 462,919 (13.5%)

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Financial performance indicators | Q1’FY25

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Total revenue (INR mn)

Total expenses (INR mn)

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Q1FY25 202,489 Q1FY25 174,449
Q1FY24 171,609 Q1FY24 140,702
Q1FY23 130,188 Q1FY23 140,831
Q1FY22 31,703 Q1FY22 63,444
EBITDAR (INR mn) PAT (INR mn)
Q1FY25 27,288 13.9%
Q1FY25 58,111 29.7%
Q1FY24 52,108 31.2% Q1FY24 30,906 18.5%
Q1FY23 7,169 5.6% Q1FY23 (10,643) (8.3%)
(45.2%)
Q1FY22 (13,602) Q1FY22 (31,742)
(105.6%)
% Margin
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APPENDIX

Fleet Breaku p

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316 30thJun, 2023 367 31stMar, 2024 • 14 Owned/Finance Lease • 300 Operating Lease • 2 Damp lease • 31 Owned/Finance Lease • 323 Operating Lease • 13 Damp lease • 166 A320neo • 20 A320ceo • 87 A321neo • 39 ATR • 2 A321 freighter • 2 B777 (Damp lease) • 192 A320neo • 31 A320ceo • 94 A321neo • 45 ATR • 3 A321 freighter • 2 B777 (Damp lease) 382 30thJun, 2024 • 31 Owned/Finance Lease • 333 Operating Lease • 18 Damp lease • 196 A320neo • 38 A320ceo • 98 A321neo • 45 ATR • 3 A321 freighter • 2 B777 (Damp lease)

316 30thJun, 2023 367 31stMar, 2024 • 14 Owned/Finance Lease • 300 Operating Lease • 2 Damp lease • 31 Owned/Finance Lease • 323 Operating Lease • 13 Damp lease • 166 A320neo • 20 A320ceo • 87 A321neo • 39 ATR • 2 A321 freighter • 2 B777 (Damp lease) • 192 A320neo • 31 A320ceo • 94 A321neo • 45 ATR • 3 A321 freighter • 2 B777 (Damp lease) 382 30thJun, 2024 • 31 Owned/Finance Lease • 333 Operating Lease • 18 Damp lease • 196 A320neo • 38 A320ceo • 98 A321neo • 45 ATR • 3 A321 freighter • 2 B777 (Damp lease)

• 196 A320neo • 38 A320ceo • 98 A321neo • 45 ATR • 3 A321 freighter • 2 B777 (Damp lease)

• 166 A320neo • 20 A320ceo • 87 A321neo • 39 ATR • 2 A321 freighter • 2 B777 (Damp lease)

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Non-IndAS measures- RASK

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	Particulars (in INR million) Quarter Ended Jun’24 Jun’23 Total revenue 202,489 171,609 Less: finance income 6,504 4,360 Total revenue less finance income (A) 195,985 167,249 ASK (millions) (B) 36,315 32,691 RASK (INR) (C=A/B) 5.40 5.12

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Non-IndAS measures- CASK

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	Particulars (in INR million) Quarter Ended Jun’24 Jun’23 Total expenses 174,449 140,702 Less: finance income 6,504 4,360 Total expense less finance income (A) 167,945 136,342 ASK (millions) (B) 36,315 32,691 CASK (INR) (C=A/B) 4.62 4.17 Fuel cost/ ASK (INR) (D) 1.77 1.60 CASK ex fuel (INR) (E=C-D) 2.86 2.57 Forex cost/ ASK (INR) (F) 0.02 (0.04) CASK ex fuel ex forex (INR) (G=E-F) 2.84 2.61

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Non-IndAS measures- EBITDAR

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	Particulars (in INR million) Quarter Ended Jun’24 Jun’23 PBT 28,040 30,907 Finance cost 11,576 9,537 Less: Finance income 6,504 4,360 Depreciation & amortization 18,758 14,078 Aircraft and engine rental 6,241 1,946 EBITDAR (A) 58,111 52,108 Revenue from Operations (B) 195,707 166,831 EBITDAR Margin (C=A/B) 29.7% 31.2%

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Definitions and Abbreviations

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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
CASK ex fuel ex forex Total Cost excluding forex and fuel cost net of finance income per Available Seat Kilometer
EBITDAR Earnings before finance income and cost, tax, depreciation, amortization and aircraft, engine rental
EBITDAR margin EBITDAR / Revenue from Operations
Load Factor Revenue Passenger Kilometer / Available Seat Kilometer
PAT margin PAT / Revenue from Operations
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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Note: Effective this financial year, the company's financial results are reported rounded to the nearest whole number, without decimals. Prior-year figures have been adjusted to maintain consistency.

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THANK YOU