gmr infrastructure business overview december 2012

GMR INFRASTRUCTURE LTD. BUSINESS OVERVIEW

December 2012

1

Presentation Flow

Page No.

2 Business Structure

5 Energy

17 Key Financial Summary

13 Highways & Urban Infrastructure

4 Airports

2

Business Structure

Infrastructure

Airports

Delhi Airport (PAX Capa. 60 mn, FY12 Traffic 35.88 mn)

Hyderabad Airport (PAX Capa. 12 mn, FY12 Traffic 8.6 mn)

Istanbul Sabiha Gokçen Airport (PAX Capa. 25 mn, FY12 Traffic 13.82 mn)

Energy

Generation Assets in Operation: 837 MW, 6 Assets

Generation Assets Under Construction: 4,938 MW, 5 Projects

Generation Asset (Coal based) Under Development: 1,320 MW, 1 Project

Generation Assets (Hydro) Under Development: 2,140 MW, 5 Projects

Highways

Assets in Operation: 520 kms, 7 Assets

Assets under Construction: 210 km, 2 Projects

Awarded 555 km Ahmedabad – Udaipur – Kishangarh project

Urban

Infrastructure

At Delhi Airport

250 acres for Commercial Development

At Hyderabad Airport

1,000 acres for Commercial Development

250 acres Aviation SEZ

250 acres Logistics SEZ

At Tamil Nadu (Krishnagiri)

Setting up Industrial Investment Region (IR) cluster of approx. 3000 acres

At Andhra Pradesh (Kakinada)

Multi Product Large Area Development in approx. 10000 acres

EPC Division

http://www.gmrgroup.co.in/index.html

3

GMR Airports Limited GMR Highways Ltd. GMR Energy Limited

Operating Companies:

•GMR Hyderabad Intl. Airport (63%)

•Delhi International Airport (54%)

•Sabiha Gokçen Intl. Airport (40%)


•GMR Tambaram Tindivanam (100%)

•GMR Tuni Anakapalli (100%)

•GMR Pochanpalli (100%)

•GMR Ambala Chandigarh (100%)

•GMR Jadcherla (100%)

•GMR Ulundurpet (100%)

Corporate Structure

GMR Infrastructure Ltd. (GIL)

GMR Holdings Pvt. Ltd. and other

Promoter Group Shareholders

98%* 100% 97%*

Assets under Construction:

GMR Rajahmundry Energy (100%)

GMR Kamalanga Energy (80%)

EMCO Energy Limited (100%)

GMR Chattisgarh Energy (100%)

GMR Energy (Singapore) (70%)

Assets under Construction:

•GMR Hyderabad Vijayawada (90%)

•Chennai Outer Ring Road (90%)

•Hungund-Hospet (51%)

71.6%

* Balance with Employee Welfare Trust


GMR Energy Ltd (100%)

GMR Power Corporation (51%)

Vemagiri Power Generation (100%)

GMR Renewable (100%)

Recently awarded:

•Kishangarh – Udaipur – Ahmedabad

(100%)

Assets under Development:

SJK Powergen Ltd. (70%)

GMR Badrinath Hydro Power (100%)

Talong Hydro Power (100%)

Holi Bajoli Hydro Power (100%)

Himtal Hydro power Co. (80%)

GMR Upper Karnali (69%)

4

Location

Annual Passenger Capacity

Traffic in FY 2012

Total Capital Expenditure

GMR Ownership

Awards and Recognition

Concession terms

SGIA

Istanbul, Turkey

25 mn

13.82 mn Pax; 117,242

ATMs

€ 451 mn

($ 557 mn)

40%

Selected as Best Airport

in World Low Cost

Airline Awards in 2010

Won Turkey‟s Most

Successful Tourism

Investment award in

2010

~22 years concession

€2.17 bn fee over

concession period

DIAL

New Delhi, India

60 mn

35.88 mn Pax; 317,283

ATMs

Rs.128 bn for Phase I

($ 2,560 mn)

54%

SKYTRAX – World

Airport award – World‟s

most improved airport in

2012 & No. 1 airport in

India

World‟s 2nd best airport

in 25-40 mppa category

and 6th best overall

(ASQ 2011)

30 + 30 years

concession

46% revenue share

250 acres Real Estate

parcel

GHIAL

Hyderabad, AP, India

12 mn

8.6 mn Pax; 99,658 ATMs

Rs.29.2 bn for Phase I

($ 584 mn)

63%

SKYTRAX – World

Airport award 2012 – 3rd

best airport in India

Awarded „National

Tourism Award 2010-

11‟ under Best Airport

category in India

World‟s best airport in 5-

15 mppa category and

7th best overall (ASQ Q3

2010)

30 + 30 years

concession

4% revenue share

1,000 acres Real Estate

parcel

250 + 250 acres SEZ

Operational Expansion under construction

Airport Asset Details

# Exchange Rate : 1USD = ` 50.00

# Exchange Rate : 1USD = € 0.81

5

Energy Asset Details

GMR Energy

Singapore Pte Ltd.

(800MW)

Homeland Energy,

South Africa

(500 MT)

PT Barasentosa

Lestari, Indonesia (700

MT)

Bajoli Holi

(180MW / Hydro)

Alaknanda

(300MW / Hydro)

Upper Marsyangdi

(600MW / Hydro)

Upper Karnali

(900MW / Hydro)

Talong

(160MW / Hydro)

Maru Transmission

Aravali Transmission

Wind Project

(2.1MW)

Chhattisgarh

(1,370MW / Coal)

EMCO

(600MW / Coal)

Kakinada

(220MW / Gas)

Chennai

(200MW / Diesel)

Rajahmundry

(768MW / Gas)

Kamalanga

(1,400MW / Coal)

Rampia Coal Mines (645

MT)

Vemagiri

(388.5MW / Gas)

Solar Project

(25MW)

Operational Assets

Projects Under Construction

Projects Under Development

Legends:

Transmission Projects

Coal Mines

837MW in operation and 8,398MW under implementation

Wind Project

(1.25MW)

Golden Energy Mines,

Indonesia (1.9 BT)

SJK Powergen

(1320MW / Coal)

6

Power assets portfolio summary

Capacity by stage Capacity build-up

Fuel type split1

837

9,235

1,300

1,835

1,453

1,670 480

1,660

0

2,000

4,000

6,000

8,000

10,000

Till date FY13 FY14 FY15 FY16 FY17 FY18 FY19 Total

MW

Capacity Capacity Addition

Operational 837 9%

Under construction

4,938 53% Under

development 3,460 37%

9,235MW

3,370 4,690 2,140

2,140

609

1,568

2,177

228

228

837

4,938

3,460

9,235

0

2,000

4,000

6,000

8,000

10,000

12,000

Operational Underconstruction

Underdevelopment

Total

MW

Coal Hydro Natural Gas Others

Notes:

1. Others includes LSHS (200MW), solar (25MW) and wind energy (3.35MW) for the operational projects.

7

808 MW of Operational Thermal Power Generation Capacity

Location

Capacity

Fuel Type

Commencement of

Generation

GMR Ownership

Further developments

Power Off-take

Andhra Pradesh

Vemagiri

388 MW

Natural Gas

Apr 2009

100%

Applied to APTRANSCO

based on APREC order for

recovery of additional fixed

charges over PPA period

100% Regulated Tariff

- 23 yrs PPA

Tamil Nadu

Chennai

200 MW

LSHS 1

Feb1999

51%

100% Regulated Tariff

- 15 yrs PPA till 2014 at

68.5% PLF

Andhra Pradesh

Kakinada

220 MW

Natural Gas

Jul 2010 (post-conversion)

100%

Relocated the Barge to

Kakinada in Apr 2010

Converted into Gas-fired

Plant

Gas allocation received from

KG Basin

100% Merchant Tariff

1: Low Sulphur Heavy Stock

8

28 MW of Renewable Energy Generation Capacity

Location

Capacity

Fuel Type

Commencement of

Generation

GMR Ownership

Power Off-take

Tamil Nadu

Tirupur District

1.25 MW

Wind Power

Dec 2011

100%

Power sale to TANGEDCO 2 as

per PPA terms

Gujarat

Patan

25 MW

Solar Energy

Dec 2011

100%

PPA with GUVNL1 @

Rs.15/kWh for 12 years and @

Rs. 5/kWh for remaining period

Gujarat

Kutch

2.1 MW

Wind Power

July 2011

100%

Sale to GUVNL under REC

scheme of GERC

1. GUVNL: Gujarat Urja Vikas Nigam Limited; 2: TANGEDCO: Tamilnadu Generation and Distribution Corporation Ltd.

9

4,938 MW of Thermal Power Projects under Construction

Andhra Pradesh Orissa Maharashtra Chhattisgarh Singapore

Location Rajahmundry Kamalanga Warora (EMCO) Raipur Jurong Island, Singapore

Group Ownership 100% 80% 100% 100% 70%

Capacity 768 MW 1,400 MW 600 MW 1,370 MW 800 MW

Estimated Capex Rs. 40,600 mn

($ 812 mn)

Rs. 79,558 mn

($ 1,591.2 mn)

Rs. 36,600 mn

($ 732 mn)

Rs. 82,900 mn

($ 1,658 mn)

SGD 1,171 mn

($ 936.8 mn)

Financial Closure Sep 2010 May 2009 (for 1,050 MW) Mar 2010 Dec 2010 Jul 2011

Fuel Type Natural Gas Coal Coal Coal Natural Gas

Fuel Arrangement Gas Allocation Expected Coal linkage & Captive

Coal Mines Coal Linkages Secured

Recommended for coal

linkage by CEA/ Imported

R-LNG contract with

British Gas

Expected CoD based on Gas availability

Unit I - Dec 12; Unit II -

Mar 13; Unit III - Apr 13

and Unit IV - Apr 16

Unit I - Dec 12; Unit II -

Mar 13

Unit I - Oct 13; Unit II - Apr

14 December 13

Power Off-take

100% Merchant

300 MW to HPGPL

(Haryana)-Case 1 bid

260 MW to BSEB

(Bihar)- Case 1 bid

350 MW to Orissa

GRIDCO-Regulated

200 MW to MSEDCL

(Maharashtra)-Case 1

bid

200 MW to Dadra and

Nagar Heveli- Case1

Bid

479.5 MW to

CSPTRADCO

(Chhattisgarh)-

Regulated

27% Vesting

Retail and Hedge

Spot sales in pool

Milestones Achieved

Unit 1 synchronized

Land available at site

Water available

EPC contract - L&T

BTG package - GE

STG package - Alstom

Land Acquired

MOEF Clearance

Obtained

Water Allocated

EPC Contract - SEPCO

Land Acquired

MOEF Clearance

Obtained

Water Allocated

BTG supply contract

awarded to SEC

Land Acquired

MOEF Clearance

Obtained

Water Allocated

EPC contract for BTG

awarded to Doosan

Land acquired

All major permits and

approvals in place

EPC - Siemens /

Samsung

BTG / STG - Siemens


# Exchange Rate : 1USD = SGD 1.25

10

Location

Length

Estimated Capex

Expected COD

Configuration

Rajasthan

Maru

265 km

Rs. 2,233 mn ($ 44.66 mn)

Q4FY13

Two 400 KV S/C and one

220 KV D/C transmission

lines

1 sub-station

Aravali

85 km

Rs. 1,306 mn ($ 26.12 mn)

Q4FY13

One 400 KV S/C

transmission lines

1 sub-station


Milestones Achieved

Possession of land (61

acres) completed

Transmission Service

Agreement completed

EPC contract awarded to

L&T

Received Transmission

License

Possession of land (46

acres) completed

Transmission Service

Agreement completed

EPC contract awarded to

L&T

Received Transmission

License

Madhya Pradesh

Diversification in Power (Transmission) Power Projects under Development

Location

Group Ownership

Capacity

Estimated Capex

Fule Type

Shahdol (SJK)

70%

1,320 MW

Rs. 78,000 mn ($ 1,560 mn)

Coal

Expected CoD

Milestones Achieved

FY 2017

Acquiring Land

Water Allocated

LOI issued to Doosan for

EPC

Connectivity granted to

Jabalpur pooling station

11

2,140 MW of Hydro Power Projects under Development

Plans to have short-term PPAs with states in Northern India

Uttaranchal Himachal Pradesh Nepal Arunachal Pradesh Location Badrinath Talong Bajoli Holi Upper Karnali Upper Marsyangdi

Group Ownership 100% 88% 100% 69% 80%

Capacity 300 MW 160 MW 180 MW 900 MW 600 MW

Concession Period

45 years from

Implementation

Agreement

13% free power to State

40 years from CoD

14% power to be

supplied as royalty

40 years from CoD

Rs. 820 mn premium

paid to the Government

Royalty power for

Year 1-12: 12%

Year 13-30: 18%

Year > 30: 30%

30 years from

Generation License

12% free power to

NEA

Free equity of 27%

to GoN

30 years from

Generation License

Expected CoD FY 2018 FY 2019 FY 2018 FY 2019 FY 2019

Milestones

DPR approved by CEA

Environmental

Clearance obtained;

Stage I - Forest

Clearance obtained:

Stage II – Under

progress

Land acquisition in

process

CDM: Under validation

Environment Study

Approved by MOEF

TOR approved for

higher capacity

DPR submitted to CEA

for Approval

Plan to apply for CDM

Benefits

DPR approved by CEA

Environmental Clearance

obtained; Stage I - Forest

Clearance obtained:

Stage II – Clearance

obtained

CDM: PDD under

preparation

Approval from GoN

obtained for capacity

enhancement

Survey License

received

Power to be

exported to India

CDM application

under progress

PDA under

negotiation with

GON

Received consent

letter from MEA for

import of power from

Nepal

Approval from GoN

obtained for capacity

enhancement

Survey license

received

CDM application

under progress

Power to be exported

to India

PDA under negotiation

with GON

Received consent

letter from MEA for

import of power from

Nepal

12

Fuel security: Coal mining asset overview

Rampia and

DIP side of

Rampia

Rampia Mine Block and Dip side of Rampia,

Orissa

Blocks jointly allocated to six companies: GMR,

Lanco, Reliance, Navbharat, Arcelor Mittal &

Vedanta

Location: Dist. Sundergarh, Odisha

Area of the block: 12 sq. km.

Estimated reserves: 645 mn tons

Expected to receive the Prospecting License by

end of FY13

The production will start in 43 months after

getting the prospecting license

PT Barasentosa Lestari, Indonesia

Acquired PT Barasentosa Lestari in Sep 08 having coal

mine in South Sumatra Province

700 mn tons coal resources in ~25,000 hectares

Out of which Coal reserves of 104 mn tons

identified in 5,500 Hectares

Coal production expected to commence by FY13

Trial production commenced in Nov 2011

Gradual increase in production expected from 1

mtpa to 5 mtpa over 3 years

Plan to export coal

Less than 10kms by road to barge loading facility

300kms by barge to trans-shipment point

Kendal Mines and Eloff Mines, South Africa

55.84% stake in Homeland Energy Group,

Canada

Coal mines in South Africa

GMR‟s Board representation & strong rights

Coal resources: 350 mn

25 mn tons coal resource in Kendal, an

operational opencast coal mine producing 1.2

mtpa

325 mn tons coal resource in Eloff, an

opencast mine under development

Golden Energy Mines, Indonesia

Acquired 30% stake in in PT Golden Energy Mines TbK

(“GEMS”), a Sinar Mas Group company in Indonesia for

US$500mn

GMR has effective management and board

participation at PT Golden Energy level

Coal reserves: 860 mn tons

Coal resources: 1.9 bn tons

GMR would get coal for a period of 25 years with

annual quantity gradually increasing from 1 mtpa in the

1st year to 10 mtpa in the 7th year

Conditional SPA entered with United Fiber System

(UFS), a listed entity in Singapore, for swapping PT

GEMs shares into UFS shares.

Fuel sources

13

Hyderabad

Chandigarh-Ambala

Highway (GACEPL)

Tambaram-Tindivanam

Highway (GTTEPL)

Tindivanam-Ulunderpet

Highway (GTUEPL)

Tuni-Anakapalli Highway

(GTAEPL)

Adloor-Gundla Pochanpalli

Highway (GPEPL)

Farukhnagar-Jadcherla

Highway (GJEPL) Hyderabad-Vijaywada

Highway (GHVEPL)

Chennai Outer Ring

(GCORRP)

Hungund-Hospet Highway

(GHHEPL)

Kishangarh – Udaipur -

Ahmedabad Highway (KUA)

Projects Under Construction

Operational Projects

Legends:

Highways Asset Details

520 kms in Operation, 210 kms Under Implementation and 555 kms Awarded

Recently Awarded

14

Highways

Operational Annuity Projects

GTAEPL GPEPL GTTEPL Project Name

Location Tuni - Anakapalli Tambaram -Tindivanam Pochanpalli

Group Ownership 100% 100% 100%

Road Length 59 kms 93 kms 103 kms

Project Cost

(Rs. mn) 2,950

($ 59 mn)

3,620

($ 72.4 mn)

7,043

($ 140.86 mn)

Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes

CoD Dec 2004 Oct 2004 Mar 2009

Concession Period 17.5 years from Jun 02 17.5 years from Jun 02 20 years from Sep 06


15

Highways

Operational Toll Projects

GACEPL GUEPL GJEPL GHHEPL Project Name

Location Ambala -Chandigarh Faruknagar - Jadcherla Tindivanam - Ulundurpet Hungund - Hospet

Group Ownership 100% 100% 100% 51%

Road Length 35 kms 58 kms 73 kms 99 kms

Project Cost

(Rs. mn) 4,993

($ 99.86 mn)

5,155

($ 103.1 mn)

8,817

($ 176.34 mn)

16,509

($ 330.18 mn)

Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes

CoD Nov 2008 Feb 2009 Jul 2009 November 2012

(Partial)* / March 2013

Concession Period 20 years from May 06 20 years from Aug 06 20 years from Oct 06 19 years from Sep 10


* 2 out of 3 Toll Plazas are operational

16

Location Hyderabad - Vijaywada Chennai Outer Ring Road Kishangarh - Udaipur -

Ahmedabad

Group Ownership 90% 90% 100%^

Road Length 181 kms 29 kms 555 km

Project Cost

(Rs. mn) 21,934

($ 438.68 mn)

11,668

($ 233.36 mn)

77,100

($ 1,542 mn)

Scope of Work 2 to 4 / 6 lanes 6 lanes &

2 Service Lanes

4 to 6 lanes & 2 Service Lane

extension

CoD December 2012 FY 2014 Three years from „Appointed

Date‟

Concession Period 25 years from Apr 10 20 years from Jun 10 26 years

Concession Type Toll Annuity Toll

Highways

Under Construction

GHVEPL GCORRPL Project Name Kishangarh – Udaipur –

Ahmedabad

Awarded


17

5,436 5,985

10,670

13,643

15,555

17,582

FY 07 FY 08 FY 09 FY 10 FY 11 FY 12

19,967 26,979

44,762 51,234

64,653

84,730

FY 07 FY 08 FY 09 FY 10 FY 11 FY 12

17

Consolidated Financial Performance

26% 32% EBITDA

Margin

EBITDA & Margins (INR mn) 2

Gross Revenues (INR mn) 1

CAGR: 34%

CAGR: 26%

27% 30% 23%

EBITDA & Margins (USD mn) 2

Gross Revenues (USD mn) 1

399 540

895 1025

1293

1695

FY 07 FY 08 FY 09 FY 10 FY 11 FY 12

109 120

213

273

311

352

FY 07 FY 08 FY 09 FY 10 FY 11 FY 12

CAGR: 34%

CAGR: 26% 27% 26% 32%

EBITDA

Margin 27% 30% 23% 27%


Appendix

19

Current Proposed

Completion Date 2010

PAX Capacity (mn) 60 100

Cargo Cap (mn tons) 0.5 3.6

Runways 3 4

PTB Area (mn sq. ft) 5.4 17.2

GMR Infrastructure 54%

Airport Authority of India 26%

Malaysia Airports 10%

Fraport 10%

Delhi Airport

Consortium Partners in DIAL

Financing Plan (Phase-I) (Rs. mn)

Development Roadmap

Concession Overview

Phase-IB: Development of New

Integrated Terminal (T3)

Phase-IA: Modernization of

Existing Terminals (T1 & T2)

Land Side Facilities

168 Check-in Counters

49 Outbound and 46 Inbound

Immigration counters

92 Walklators, 31 Escalators,

63 Lifts, 141 Washrooms

Multilevel Car Park Facility for 4,300

cars & Surface Parking 2,300 cars

Air Side Facilities

78 Aerobridge

48 Contact & 9 Remote Parking

Stands


Domestic Departure & Arrival

Terminals refurbished in Dec 08

International Terminal (T2)

refurbished in Jun 08

New Domestic Departure Terminal

(T1D) started in Apr 2009

Air Side Facilities

Runway of 4,430 m & parallel

Taxiway

Terminal 3

Phase-IA completed in Feb 2009

Phase-IB completed in Mar 2010

Handled 35.88 mn PAX (2011-12)

Handled 0.50 mn tons of Cargo (2011-12) Concession Date Apr 2006

Concession Period 30 + 30 years

Revenue Share 46% of revenue

25000

14840 19312

14715

52660 126527

Equity # ADFCollected till01/06/2011

AdditionalADF Stage 1

& 2^

Interest FreeDeposits

Loans fromFis/Banks

Total ProjectCost @

# includes Rs.1500 mn upfront fee excluded from capex as per AERA order no. 28/2011-12

^ As approved by AERA vide order no. 28/2011-12

@ as approved by AERA, plus upfront fee

20

Delhi Airport: Annual Operational Performance

Cargo handled (in „000s of Tonnes)

Air Traffic Movements (ATMs in „000s) Passenger Traffic (in millions)

3

2 1

includes non billable domestic cargo.

Revenue growth (in Rs millions) 4

157.9 185.8 201.2

240.4

59.5 63.4

74.8

76.9

FY 09 FY 10 FY11 FY12

109.9 165.0 136.0 135.2

287.2

334.5 390.9 367.6

FY 09 FY 10 FY11 FY12

Domestic International Non aero revenue also includes cargo and CPD income

3,420 4,221 4,648 4,829

6,055 7,311 7,784

10,097

FY 09 FY 10 FY11 FY12

Aero Non-aero

15.1 17.8 20.7 25.1

7.8 8.3

9.3

10.8

FY 09 FY 10 FY11 FY12

21

Delhi Airport: 250 Acres of Property Development

250 Acres of Aerotropolis Development Aerotropolis Phase - I : 45 Acres of Hospitality District

45 Acres Divided into

14 Asset Areas (Asset

Area 5 divided as 5A/5B)

Total GBA (FSI) = 6.12 msf

Hospitality = 11 assets

(5.04 msf)

Commercial = 3 assets

(1.08 msf)

Commercial development at airport envisages development

of an alternate commercial hub, right in the heart of NCR.

Master plan by YRM & PF

Location lends dual advantage of central location with

effective connectivity & proximity to demand

Hospitality District, the first phase of development,

constitutes of hospitality and commercial assets.

Awarded development rights for 14 asset areas through

competitive bidding

Total area: 45.08 acres (Developable Area of 6.12 msf)

Bids awarded to Accor, InterGlobe Hotels, Juniper Hotels,

Aria Hotels, Lemon Tree, Bird Group, DB Hospitality, Blue

Coast Hotels, Pride Hotels, Sweta Estates, Bharti Realty

Development at site in full swing

Majority of

Land Bank Core Airport

infrastructure

NH 8

Gurgaon

*LP = Land Parcel

22

Concession Effective from April 2008

Concession Period 30 + 30 years

Revenue Share 4% of revenue

(deferred till 11th year)

Hyderabad Airport

Consortium Partners in GHIAL*

Project Features

Air Side Facilities

Runway (4,260 m) with Parallel Taxiway

30 Remote Parking Stands

Facility of 12 Aerobridges

5 Cargo Parking Stands


146 Check-in Counters

46 Immigration Counters

3 nos. 90 m & 1 no. 70 m Baggage Carousels

Car Park Facility for 3,500 cars

Financing Plan (Phase-I) (Rs. mn)

Development Roadmap

Terminal Building

Phase-I operationalized in Mar 2008

Currently handling 8.60 mn PAX pa

Currently handling 0.81 mn tons of Cargo

Concession Overview

Current Proposed

PAX Capacity (mn) 12 40

Cargo Cap (mn tons) 0.10 0.45

Runways 1 2

PTB Area (mn sq. ft) 1.17 3.90


Airport Authority of India 13%

Govt. of Andhra Pradesh 13%


* GHIAL: GMR Hyderabad International Airports Ltd

23

Hyderabad Airport: Annual Operational Performance

Cargo handled (in „000 Tons)

Air Traffic Movements (ATMs) in „000 Passenger Traffic (in millions)

3

2 1

Domestic International

Revenue growth (in Rs millions) 4

4.80 5.75

6.7

1.69

1.88

1.9

FY 10 FY11 FY12

66.90 69.47 85.55

13.56 13.82

14.11

FY 10 FY11 FY12

29.35 36.39 34.47

37.12

44.39 47.00

FY 10 FY11 FY12

2,199 2,969 3,503

2,012

2,197 2,488

FY 10 FY11 FY12

Aero Non-aero

24

Hyderabad Airport: 1,500 Acres of Property Development

Superior connectivity with city centre (45 minutes) and HiTech City (30 minutes), Metro lines planned

Healthport

(~25 Acres)

Multi-Specialty Hospital focused on medical tourism as the anchor

Research, Clinical Trial, Medical education and Training facilities

Funport

(~145 Acres)

Amusement Park with Destination Retail and Multi Purpose Arena as the anchor

Commercial

District (~ 75 Acres)

Convention Centre cum Exhibition Facility as the anchor

Office Space, Hotels, Restaurants & supporting Retail facilities

Eduport

(~40 Acres)

International Business Institution and an International School as anchors, supporting Retail and Sports Facility

Agreement signed with Schulich Business School, York University, Canada for establishing GMR Campus of Schulich

Business School

Creating a theme-based, anchor-led mixed-use Airport City in 1,000 acres (Phase-I: 275 acres)

Development of Aviation and Logistics SEZs in 500 acres

250 acres of Aviation SEZ

MRO over 25 Acres (JV with Malaysian Aerospace)

4 bays (2 narrow body,1 wide body,1 paint bay)

Operations commenced in Nov 2011

Training Centre with CFM International (Aircraft Engine Manufacturer)

operational

Plan to develop a world-class Aerospace Park which would include:

Airframe & Engine MROs, manufacturing of components and sub-

systems, Design, Engineering and Technical Support services

Advantages of clustering several Aviation Industry segments

Availability of knowledgeable and experienced workforce, service

customisation and synergy from sharing of resources

250 acres of Logistics SEZ

Planned as Cargo Trans-shipment Hub

Districon appointed for a feasibility study for establishing

Freight Distribution Centre

Perishable Cargo Centre

Express Cargo Facilities

25

Airport Capacity

Project Features

Air Side facilities

Runway with 45 m (width) and 3,000 m (length)

Parallel Taxiway 2 Rapid Exit Taxiways (RET) – 45 m (width)

Apron Parking capacity for 48 planes

Cargo Terminal of 8,200 sq. m

Istanbul Sabiha Gokçen International Airport

Financing Plan (Euro mn)

Very strong annual traffic growth

FY 2012 traffic was

13.82 mn PAX (13%

higher than FY11)

Consortium Partners in ISGIA*

Concession Overview


Limak 40%


* ISGIA: Istanbul Sabiha Gokçen International Airport Ltd

Concession Date May 2008

Concession

Period

20 years (extended by additional

1 year and 300 days)

Concession fees €1.93bn over the concession

period. First payment in 2011

Previous Current

PAX Capacity 5 mn 25 mn

Cargo Capacity - 145,000 tons

PTB Area (sq. m) 25,600 210,000

26

SGIA: Annual Operational Performance

Fuel Farm Operations (in „000s of Tonnes)

Air Traffic Movements (ATMs) in „000 Passenger Traffic (in millions)

3

2 1

Revenue growth* (in Rs millions) 4

607 1,012

1,290 562

1,056

1,218

186

281

241

FY 10 FY11 FY12

Aero Non-aero Fuel (net)

5.31

8.06 9.22

2.42

4.18

4.6

FY 10 FY11 FY12

44.45

68.35 74.09

26.35

43.50 43.50

FY 10 FY11 FY12

81.16 104.23

65.13

109.58

152.70

137.27

FY 10 FY11 FY12

Domestic International

* Figures correspond to 40% stake in ISGIA

Thank You

For further information, please visit

Website: www.gmrgroup.in

http://www.gmrgroup.in/

gmr infrastructure business overview december 2012

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