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InterGlobe Aviation Limited Investor Presentation 2024

Mar 22, 2024

61901_rns_2024-03-22_b7a93599-33d4-4595-9982-a56739dd2cf5.pdf

Investor Presentation

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March 22, 2024

IGAL/SECT/03-23/16

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

Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In continuation to our disclosure dated March 19, 2024 with respect to an Analysts Meet today i.e. March 22, 2024, please find attached herewith a copy of the presentation that the Company will be making to the Analysts.

A copy of the presentation shall also be available on the website of the Company i.e. www.goindigo.in

We request you to please take the same on record.

Thanking you,

For InterGlobe Aviation Limited

Digitally signed by NEERJA NEERJA SHARMA SHARMA Date: 2024.03.22 08:47:58 +05'30'

Neerja Sharma Company Secretary and Chief Compliance Officer

Encl.: a/a

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: [email protected] 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

Company Presentation March 2024

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Safe Harbor

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This presentation by InterGlobe Aviation Limited (the “Company”) provides general background information about the Company and its activities as on the date of this presentation and is solely for information purposes. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person without the prior written consent of the Company.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to correct any inaccuracies in any such information which may become apparent.

This presentation contains statements that constitute forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers and information currently available with them including with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognised by the use of words such as “expects”, “plans”, “will”, “estimates”, “intends” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. Neither the Company nor its advisors or representatives assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Industry publications and surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance that the information is accurate or complete. Neither the Company nor any of its advisors or representatives have independently verified any of the data from third-party sources or ascertained the underlying economic assumptions relied upon therein. All industry data and projections contained in this presentation are based on data obtained from the sources cited and involve significant elements of subjective judgment and analysis, which may or may not be correct. The financial information set out in this presentation is based on certain important assumptions and does not purport to represent what our results of operations are on an audited basis or actually will be in any future periods. For the reasons mentioned above, you should not rely in any way on any of the projections contained in this presentation for any purpose.

Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy is not guaranteed and has not been independently verified. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and accordingly, none of the Company, its advisors, representatives or any of its directors assumes any responsibility and/or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. None of the Company, its advisors, representatives and its directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss and/or damage howsoever arising from the reliance on or any use of this presentation or its contents or otherwise arising in connection therewith.

This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or its subsidiary or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. This document does not constitute financial, legal, tax or other product advice.

The distribution of these materials in certain jurisdictions may be restricted by law and persons into whose possession these materials comes should inform themselves about and observe any such restrictions.

By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in New Delhi, India, and no other courts, shall have jurisdiction over the same.

3/22/2024

Company Presentation 2024

2

2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

India | Fastest growing economy in the world

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Indian economy is well Nominal GDP [1 ] (in USD trillions) Nominal GDP per Capita [1 ] (in USD)
positioned for
exponential growth
CAGR: 8% CAGR: 7%
5.9 c.4,000
3 [rd]
largest economy by
20271 3.7 2,500+
2.8 2,000+
1,500+
2.0
Fastest growing economy [1]
6.5% in FY25E
2014 2019 2023 2028E 2014 2019 2023 2028E
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3/22/2024

Company Presentation 2024

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  1. International Monetary Fund (IMF)

India | Demography a blueprint for economic prosperity

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Demographic dividend The rising middle class India’s GDP Composition [3] (%)
to serve as a catalyst Households in millions [2] ConsumptionPrivate
Private
61%
for economic growth
Consumption
GovernmentSpends
Government
29 Spends 10%
Gross Fixed CapitalFormation
8 Gross Fixed
c.28 29%
Capital Formation
Exports
years median age [1]
158 300 Exports 23%
Imports
c.18% of
Imports -26%
Others
world’s population
resides in India [1] 127 57 Others 4%
2018 2030E India’s GDP is led by consumption
Low Income Middle Income High Income spends….
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3/22/2024

Company Presentation 2024

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  1. United Nations Population Fund 2. CAPA Research

  2. National Statistical Office (NSO); for FY23

2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

Indian aviation | Geographic advantage but under-penetrated

Domestic seats per capita (2023)[1]

International seats per capita (2023)[1]

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USA 3.09

UAE 16.67

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Canada 1.44

Canada UK 1.44 4.28 Thailand USA 0.51 0.88 China[2] China[2] 0.49 0.13 India India 0.13 0.06

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3/22/2024

Company Presentation 2024

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  1. Cirium & World Bank (2022 population) 2. China’s data is for the year 2019

Indian aviation | Passengers estimated to double by 2030

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Indian Aviation Passenger (in millions)[1] +130% 510 160 International 225 70 350 Domestic 155 FY24E FY30E

6.2 bn Railway passengers at passengers in FY23[2] 6.5% Only (92.6 mn) of Indians hold valid passports[3] Large part of the world 5-6 population lives within Hours flying radius from India India has the largest population living outside of their country of birth[4]

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3/22/2024

Company Presentation 2024

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  1. Ministry of External Affairs 4. UN World Migration Report 2022

  2. CAPA Research (Including International Airlines) 2. Ministry of Railways

Indian aviation | Growth enablers and opportunities

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Airport Infrastructure Aircraft Fleet and Order Book Aircraft Financing Human Capital & MRO

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3/22/2024

Company Presentation 2024

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Indian aviation | Accelerated infrastructure expansion

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140 2019
airports in
Adampur
Mandi
220
likely to reach
Delhi Jewar
Bhiwadi
c.1 Lakh crores in crores in
Dholera
investments for greenfield
Nagpur
and brownfield airports [[2]]
Hyderabad
Navi Mumbai Bhogapuram
New Pune
Mopa, Goa
Capacity expansion to New Chennai
Bengaluru
100 mn passengers at Coimbatore Greenfield development
Madurai Brownfield development
Delhi Airport [3]
The list of airports are not exhaustive in nature
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New airports to cater to robust demand

Jewar[1]

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06 runways Initial: 12 MPA Total: 70 MPA End of CY24

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c.1 Lakh crores in crores in investments for greenfield and brownfield airports[[2]]

Navi Mumbai[1]

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02 runways Initial: 20 MPA Total: 90 MPA CY25

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Mopa, Goa[4] 01 runway Initial: 4.4 MPA Total: 13.1 MPA Started in Q1 CY23

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3/22/2024

Company Presentation 2024

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  1. Source: CAPA 2. Ministry of Civil Aviation

  2. GMR Airports Infrastructure Limited 4. DoCA, Government of Goa

The map depicted above is only a pictorial representation of India and states, and is not drawn to scale

Indian aviation | 2023 a year of India at global stage

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Aircraft orders in 2023[1]

> 30%

Rest of the world India 2,426 1,124

500 Other 624 Indian carriers

of all aircraft orders in 2023 from Indian carriers >1,500 aircraft

to be added by Indian carriers by 2035, making India the third largest country in terms of fleet size

aircraft on order for India 1,900+ vs c.13,000 for rest of the world[2]

3/22/2024

Company Presentation 2024

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  1. Source: Boeing and Airbus; Includes an order of 150 aircraft by an Indian airline 2. As on 29-Feb-24; Only for Airbus and Boeing

Indian aviation | Steps towards a financing hub

Huge financing opportunity…

GIFT city initiative

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Expansion of financing options

Diverse financing options from domestic and international capital markets

1,124 aircraft orders placed in last 1 year[1]

Robust regulatory framework

c. USD 100 bn+

Clear and transparent regulations aligned with international standards

financing opportunity

50+ Financial institutions participating currently

Favorable tax regime Tax incentives, duty exemptions, and streamlined regulatory procedures

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3/22/2024

Company Presentation 2024

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  1. Source: Boeing and Airbus

Indian aviation | Employment and MRO opportunities

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MRO industry posed to
1,622 CPLs Largest and youngest
working population across grow at c.9% for the
(2.2x vs 2019)
top economies globally
period 2021-31 [2]
commercial pilot licenses
(CPLs) issued by DGCA in
Supported by:
2023
Expanding fleet
Pilots
Air Traffic Controllers
c. + Favorable policy
11,000
Aircraft Maintenance Engineers interventions
additional pilots required
Flight crew Flight Dispatchers
till 2030 [1] Cost efficiencies
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3/22/2024

Company Presentation 2024

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  1. CAPA 2. NITI Aayog (MRO in India, Oct-22)

2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

IndiGo | Board members

Dr. Venkataramani Sumantran, Chairman and Independent Director

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  • Industry leader, technocrat, and academic with a career spanning over 37 years

  • Chairman and Managing Director of Celeris Technologies since 2014

Ms. Pallavi Shardul Shroff, Independent Director

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  • Managing Partner of Shardul Amarchand Mangaldas & Co. with over 43 years of extensive experience

  • Featured in Fortune India’s most Powerful Women in business list 2020, 2021, 2022 and 2023

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Mr. Vikram Singh Mehta, Independent Director

  • Currently the Chairman and distinguished Fellow of Centre for Social and Economic Progress

  • Former IAS officer and Chairman of large multinational organizations

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ACM B. S. Dhanoa (Retd.), Independent Director

  • Served as the 25[th] Chief of the Indian Air Force

  • Felicitated with various National awards for his leadership and contribution to the Indian Air Force

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Mr. Rahul Bhatia, Managing Director

  • Over three decades of experience in the travel industry

  • Promoter and Managing Director of the Company

  • Group Managing Director of InterGlobe Enterprises

  • Featured on the Forbes ‘Global Game Changers’ list in 2016

Mr. Meleveetil Damodaran, Director

  • Retired IAS officer and former Chairman of SEBI, IDBI and UTI

  • Chaired high powered committees of the Government of India, Reserve Bank of India (RBI) and Chambers of Commerce

Mr. Anil Parashar, Director

  • Over 30 years of diverse experience with leadership positions in various multinational organizations

  • Representative on PHD Chamber of Commerce, Assocham and FICCI Forums for Taxation and Travel & Tourism

Mr. Gregg Albert Saretsky, Director

  • Aviation industry veteran with an illustrious career spanning over 36 years

  • Former President and CEO of WestJet (Canada)

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3/22/2024

Company Presentation 2024

15

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IndiGo | Management team, diverse expertise & rich experience

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Wolfgang Prock-Schauer President & Chief Operating Officer

Gaurav M. Negi Chief Financial Officer

Neetan Chopra Chief Digital & Information Officer

Sukhjit S Pasricha Group Chief Human Resources Officer

Vinay Malhotra Head of Global Sales

Pieter Elbers Chief Executive Officer

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Rajesh Kumar Singh Special Director

Riyaz PeerMohamed Chief Aircraft Acquisition & Financing Officer

Abhijit DasGupta SVP Network Planning & Revenue Management

Saguna Vaid General Counsel Neerja Sharma SVP, Company Secretarial and Regulatory Compliances

3/22/2024

Company Presentation 2024

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The IndiGo wa y

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IndiGo is on a mission to boost economic growth, social cohesion and mobility in India by across Mission developing our own model with affordable air connectivity and on time & hassle-free service our country and globe

Why

Our Purpose

What

Customer Promise

How

Values + Strategy

Giving wings to the nation by connecting people and aspirations India by IndiGo

Affordable Fares

Courteous & Unparalleled Network Hassle Free Strategy

On Time Performance

Values

“Towards new heights & across new frontiers”

  • Always Safe

  • Passionately Consistent

  • Service from the Heart

  • Humility with Pride

  • • The Power of We

Reassure

Develop Create

3/22/2024

Company Presentation 2024

17

IndiGo | Differentiated proposition

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Unparalleled
Aircraft orders Cost leadership
network
Future ready with Ensure our customer
Connectivity to
sustained orders & promise of affordable
Customer across
order book fares
India & International
High-growth Operational
market performance
Operating out of one
Smooth and efficient
of the fastest
air travel experience
growing market
Long term
Board and
parterships
Management Team
Tested with time and built
Diversity of expertise
across Supply Chain &
& Experience
Service providers
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3/22/2024

Company Presentation 2024

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IndiGo | Youngest airline to serve 100 million customers in a year

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2023 a year marked by milestones
100+ mn Passengers in CY23 Network expansion
IndiGo IndiGo goes First Indian airline & to 121 [2]
becomes public to have a fleet of 2,000 daily departures destinations
profitable 300+ aircraft
2006 2011 2022
2009 2015 2022
IndiGo IndiGo goes Serves 100+ 500 aircraft order – the Sustained
commences international
destinations largest ever single profitability and net
operations
aircraft order with Airbus worth positive
by any airline [1]
2023
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3/22/2024

Company Presentation 2024

19

  1. Source: Airbus 2. Starting Bali on 29-Mar-24 and Agatti & Jagdalpur on 31-Mar-24

IndiGo | Poised to become 600+ aircraft carrier by 2030

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366 c.960
aircraft as at 29-Feb-24 aircraft on order
A321 NEO Damp Leases:
No of aircraft: 94 B777s
Order history (Nos)
No of aircraft: 02
A320 NEO
CEO NEO NEO ATR NEO [1] NEO
No of aircraft: 191 A320 CEO
Cumulative orderbook of 1,390 aircraft No of aircraft: 11
A320 CEO
500
No of aircraft: 20
3
310
250
ATR
180
100 No of aircraft: 45
50
A321 Freighter
2005 2011 2015 2017 2019 2023
Deliveries
to start No of aircraft: 03
Continuous flow of new deliveries from our from 2030
large orderbook
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Our fleet at a glance 2

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3/22/2024

Company Presentation 2024

20

  1. Including XLRs 2. Aircraft count as on 29-Feb-24; On property fleet

  2. Placed additional order of 10 aircraft in 2023

IndiGo | Connecting the world, one dot at a time

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6E Destinations (121)
Codeshare Destinations (49)
Asia - 33
Bali
USA - 5 Europe - 35 Tel Aviv
India - 88 Australia - 7
Canberra
Adelaide
Africa - 2 Gold Coast
Continuous flow of new deliveries from our large Pantnagar
Jagdalpur
orderbook Agatti
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3/22/2024

Company Presentation 2024

21

2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

IndiGo | Three pillar strategy to drive Growth

  • Reassure Create

  • Reassure Develop

  • Develop

  • On Time Performance • • Digitalization Internationalization

  • Affordable Fares • • Invest in Human Capital New initiatives , enablers of core business

  • Courteous & Hassle-Free Service • Scale Infrastructure Create

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  • On Time Performance

  • Affordable Fares

  • Courteous & Hassle-Free Service

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  • Unparalleled Network

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3/22/2024

Company Presentation 2024

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Reassure | Cost leadership to enable affordable fares

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CASK ex fuel ex forex for top 9 LCCs in the world (USD cents) [1]
8.89
7.26
6.72
5.87 5.92
5.49
3.52
2.66 3.13
US LCC 1 EU LCC 1 EU LCC 2 US LCC 2 SA LCC 1 US LCC 3 EU LCC 3 SA LCC 2
Stage length adjusted to IndiGo’s stage length SA: South America
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SA: South America

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3/22/2024

Company Presentation 2024 1. OAG based on total departures in Feb’24; Company financials for FY23 and CY23

24

CASK ex fuel ex forex * Stage length / IndiGo

Reassure | Relentless commitment to reliability

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On-time performance (%) of top 9 airlines [1 ]
169 138 127 123 83 70 58 44 44
83.6% 85.9%
78.9% 78.7% 75.6% 73.0% 70.0% 79.0%
60.3%
LCC LCC LCC
Group
Cancellation rate (%) of top 9 airlines [1]
5.4%
4.5%
2.0% 2.2%
1.0% 1.2% 0.9% 0.8%
0.3%
Group
LCC LCC LCC
3/22/2024 Company Presentation 2024 25
1. Top 9 airlines basis number of average monthly departures for LTM Feb-24; Source: OAG # Monthly Average departures (000s)
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Reassure | Offering customers an unparalleled network

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88
Unparalleled connectivity across
domestic destinations [1]
420+
direct domestic city pairs [4]
1,100+ indirect city pairs connected
via convenient one stop service [2,4]
Added 10 destinations and 40+
routes in FY24
c.87% within
of India's population is
100 kms of 6E served airport [3]
c.3,000 kms
Destinations added in FY 24
The map depicted above is only a pictorial representation of the world, countries and states, and is not drawn to scale
c.3,200 kms
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3. Top 300 cities-based Census 2011 population data
4. As of 1 [st] week of March, 2024
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3/22/2024

Company Presentation 2024

26

  1. Includes Jagdalpur and Agatti to start from 31-Mar-24 2. Connection time < 4 hours

Reassure | Ex panding reach into International destinations

Direct International connectivity from18 Indian cities Destinations added in FY 24

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33 97
international Direct city
destinations [1,2] pairs [4]
8 750+
strategic Indirect city
partners pairs [3,4]
Added 7 International destinations
and 19 routes in FY24
Increased international share of ASKs
from 23% to c.27%
during FY24
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The map depicted above is only a pictorial representation of the world, countries and states, and is not drawn to scale

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3/22/2024

Company Presentation 2024 1. Includes 3 destinations operated Pre-Covid – Yangon, Chengdu & Guangzhou 2. Bali to start from 29-Mar-24

27

  1. Connection time < 4 hours 4. As of 1[st] week of March, 2024

Develo | Di p gitalization to enable next phase of growth

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Self baggage drop and
Baggage reconciliation
system
Ground support
equipment
automation
Digitize IndiGo
IndiGo Digital
Customer
Data Platform
Cloud based platforms Continuous
including PSS upgrade enhancement of cyber
security
posture
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6Eskai | Enhancing customer experience

  • 6Eskai, IndiGo's AI conversational direct channel : Innovation co-created in partnership with Microsoft

  • Enables users to effortlessly book IndiGo flights, access travel services, and receive answers using natural language

  • Supports communication in 10 different languages with voice support

  • Reduction in CX headcount required for this channel

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3/22/2024

Company Presentation 2024

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Develo | Continuous investments in the talent… p

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IndiGo Cadet Pilot Programme Expansion of ifly training academy pan India
+ Bengaluru
Gurgaon
+
1,000
graduates till date
Over 80%
7 partners.. increase in
Gurgaon -II
exploring more training capacity
Hyderabad Kolkata Mumbai
2,000+ 3,500+
employees trained expanded capacity
per day per day
3/22/2024 Company Presentation 2024 29
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Develo | Ex p panding our Engineering infrastructure

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Delhi Bengaluru Area 16,500 20,000 sq. mtrs sq. mtrs

No. of lines 2 2 State of the art facilities to support repair activities such as engine change, landing gear change, etc.

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3/22/2024

Company Presentation 2024

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Create | Next phase of growth in International skies

Large population of the world living within the flying range

To shift capacity mix further towards International through new destinations and routes

current A320 Family Short to mid haul markets (5-6 H)

*The range charts are indicative in nature

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Adding range through

A321XLR Targeting Mid–long haul markets Expected within next 2 years...

3/22/2024

Company Presentation 2024

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The map depicted above are only a pictorial representation and is not drawn to scale

Create | Leverage and play the geographical advantage

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Illustrative international-to-international (I-2-I) flows via India
Europe
CIS & West
Asia
Gulf and
Middle-East
India
Indian
South-East
Subcontinent
Africa
Asia
Current I2I flows
Potential I2I flows
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India’s geographical allows for position significant growth in I-2-I flows Serving broader set of customers through seamless connections Compelling opportunity to expand International footprint through large airports including Delhi, Mumbai, Hyderabad, Kolkata and Bengaluru

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The map depicted above is only a pictorial representation of the world, countries and states, and is not drawn to scale

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Company Presentation 2024

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Create | Partnerships across the world

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Flying to 49 international destinations via codeshare partnerships with 8 leading global airlines

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Create | New initiatives supporting current business

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We are supplementing the business with We are complementing the business with
Loyalty
Freighters
Ventures
(Payload c.27 Tonnes) Program
• #3 A321P2F in our fleet • Subject to regulatory
Foray into loyalty program
• approvals, 6E plans to
Synergies from same pool
launch its venture capital •
of pilots and engineers Customer engagement
arm

Enhance customer value

Invest in early-stage
proposition
companies operating in
aviation, hospitality, Co-branded credit cards:
consumer focused and allied Subscribers
sectors 6.8x
End of FY21 End of FY24
3/22/2024 Company Presentation 2024 34
Way forward
Present
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2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

IndiGo | Focused execution, sustained profitability

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5 quarters of
Net worth positive again at 31 Dec 23
profitable growth
67.4 154.9
FY09 – FY19 
Covid-19
0.9
30.0
Q3 FY23 
30.9 1.9
Q4 FY23 
9.2
14.2
Q1 FY24 
Q2 FY24  31-Dec-19 Covid-19 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 31-Dec-23
Net worth in billions
Q3 FY24 
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Q4 FY20 to Q2 FY23 considered as impacted by Covid-19

  1. In the above waterfall, the profit and loss or the movement is not adjusted for OCI / ESOPs changes

IndiGo | External variables, influence performance

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Fuel Foreign Supply
Inflation
volatility exchange chain
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Regulation changes

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IndiGo | Effectively managing supply chain headwinds

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ASKs (in billions)
139
114
FY23 FY24E
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Continuous growth in capacity despite supply-chain challenges

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IndiGo | Strong liquidity position and cash deployment

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133% in Increase in free cash by the last 5 quarters

Safety Free cash[1] net 192 bn Growth capital Others

Strong liquidity position ringfences against external shocks Cash deployment towards building capabilities

3/22/2024 1. As on 31-Dec-23

Company Presentation 2024

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IndiGo | Delivered on guidance in FY24

FY24 guidance Achieved +North of Capacity mid-teens  Fleet c.350  100 mn Passengers  passengers +10-15 destinations Destinations end with c.115  +5,000 +4,500 Employees employees employees

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IndiGo | Outlook for FY25

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FY25 guidance Growth Capacity + Early double digits Additions Fleet more than 1 aircraft per week[1] Growth Passengers + Early double digits Add Destinations c.10 destinations Increase Employees + 5,500-6,000 employees Continued focus on profitable growth to enhance stakeholder value

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Gross additions from original orderbook

2024 Anal yst Day | Agenda

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India: A IndiGo’s Financial Growth Indian About promises strength IndiGo Story aviation IndiGo and and way Green Unfolding strategy forward

IndiGo Green | Young fleet helping us in decarbonizing

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Fleet Composition New Gen. Old Gen. gCO2 emissions per ASK
20% reduced emissions vs
20%
FY 2016
44% 75.0
74.6 74.6
67%
72.0
85% Damp Lease
70.0
effect
80%
64.7
56%
33% Amongst lowest CO2 emission
61.1
60.4
15% profile in the world 59.5
Mar-17 Mar-19 Mar-21 Mar-23 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24E
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c.3.9 Years World’s Youngest Aircraft Fleet in 2024 in the 100+ aircraft category

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’36’ in FY23 Score improved to from 26 in FY22 Rating improved to ’BB’ in FY23 from B in FY22

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Diversit , E y quity & Inclusion

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Almost half of our team members are women

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44.2%
Female
55.8%
Male
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Highest number of women pilots globally

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In FY24, we on-boarded 130+ employees with disabilities, the number of PwD hiring increased over 2 x . by as compared to FY23

IndiGo was awarded by ' Employer of Diversity Award ’ for fostering inclusion at workplace

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IndiGoReach | Our Corporate Social Responsibility imprint

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Four pillars of IndiGoReach

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Children & Women
Environment Heritage
Education Empowerment
Case study: Safeguarding biodiversity through conservation initiatives
Objectives of To restore the degraded forest area and to generate
the Project alternate employment among local communities
20 hectares of degraded land was identified, de-
weeded, and restored by planting 25,000 saplings of
Impact
indigenous plants
Created
About 51 families have adopted Beekeeping as an
additional livelihood
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Recognitions & 6E Spirit

Awards and accolades

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‘Airline of the year’
Air Transport Awards 2024
‘CAPA Asia Environmental
Sustainability Award 2023’
Best Low-Cost Airlines in
India & South Asia 2023
‘DEI Power Award’ at Global Best Investment Solution
Inclusion Summit 2023 (Silver winner) ‘2023
‘Top 25 safest workplaces World’s Youngest Aircraft Won Eight Awards at the
in India’ ‘Top 50 most valuable Fleet in 2024 in the 100+ Great Place to Work [tm] 'Chief Learning Officer
KelpHR PoSH Awards 2023 Airline Brands 2023’ aircraft category Certified (CLO) Awards 2023' India
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The Power of We is our collective strength. It’s about unity, collaboration and the 6E Spirit shared vision that propels us towards excellences

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THANK YOU

Investor Relations

Contact us [email protected] www.GoindiGo.in