#1VACUATION ASSEMBLY AREA 3 TERMINAL 3 टर्मिनल 3 C Inter ional Dep Depar GAR Investor Presentation Q4FY21#2GAR DISCLAIMER All statements, graphics, data, tables, charts, logos, names, figures and all other information ("Contents") contained in this document ("Material") is prepared by GMR Infrastructure Limited ("Company") soley for the purpose of this Material and not otherwise. This Material is prepared as on the date mentioned herein which is solely intended for reporting the developments of the Company to the investors of equity shares in the Company as on such date, the Contents of which are subject to change without any prior notice. The Material is based upon information that we consider reliable, but we do not represent that it is accurate or complete. 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Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 1#3Particulars Table of Contents Group Overview and Way Forward Business Highlight GIL Financial Performance Airport Business Energy Business Transportation and Urban Infrastructure Business ESG Practices Annexures Pg. No. 3-5 6-11 12-15 16-24 25-28 29-32 33-43 45-55 GAR Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 2#4Group Overview and Way Forward GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#5How Conditions Created by Covid were Handled? GAR 1. Focus on safety and welfare of employees 2. Liquidity raising and preservation • • Raising bonds in Hyderabad (GHIAL) & Delhi Airports (DIAL) - USD 750 mn¹ • Refinancing of bonds at GMR Airports Ltd --USD 415 mn² • · Financial closure at Goa for capex of new airport - INR 26 bn Divestiture of certain non-core assets - ~INR 27 bn (Kakinada Deal) 3. Cost savings • Shutting down of certain terminals due to low traffic Postponement in operational capex • Re-phasing of projects at DIAL and GHIAL 4. Focus on completing the Demerger Note: 1 USD 300 mn at GHIAL, INR 32.57 bn at DIAL (converted @ INR 72.3/ USD); 2 INR 30 bn at GAL converted @ INR 72.3/ USD Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 4#6Strategy Going Forward for FY22 GAR 1. Complete the Demerger within FY22 (Create two listed pure-plays) 2. Further reduction of debt through monetization of assets/businesses 3. Remaining debt to be refinanced through dollar bonds at GIL (similar to DIAL & GHIAL) 4. Bidding for new airports within India and South East Asia 5. Actively looking at development of adjunct Airport Services businesses 6. Looking at entering new businesses in the space of Energy once the business is demerged into another listed entity - GPUIL - 7. Re-energise the gas plants, now that availability of gas has increased – to create immediate ROE's & cash flows 8. Work with renewable energy companies for a tie-up under new tariff policy 9. Complete the last leg of sale of Kakinada SIR and accelerate sale of land parcels in the Krishnagiri SEZ Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 5#7Business Highlights GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#8Air Traffic Begins to Recover post Second Wave Delhi Airport 1,2,3 ■ 1st Week ■39th Week = 52nd Week = 55th Week 25-31 May 2020 15-21 Feb 2020 17-23 May 2021 7-13 Jun 2021 69% 64% 92% 34% 26% 22% 23% 12% 13% Daily Average ATM Cargo Average Daily Pax Hyderabad Airport 1,2,3 1st Week 39th Week ■ 52nd Week ■55th Week 25-31 May 2020 66% 15-21 Feb 2020 17-23 May 2021 7-13 Jun 2021 65% 28% 22% 20% 12% 12% 7% Average Daily Pax Daily Average ATM 87% Cargo GAR Passenger confidence returns with the decline in Covid Feb 21 was the best month post Covid ☐ Decline in air traffic in April 2021 and May 2021 due to second wave of Covid ☐ However, traffic turnaround from the last week of May 2021 and recovery continued in June 2021. ✓ During 2nd weekend of June 2021, Delhi and Hyderabad airports registered a traffic of ~47'200 and -15'800 i.e. 25% and 26% of pre-Covid levels ☐ Traffic to gain further momentum with the reducing trend in covid cases, lifting curbs in airline capacity and the increased pace of vaccination ✓ Govt. of India is working on vaccinating all citizens by 2021 ✓ Global vaccination drive in full swing - approx. 2 bn vaccine doses administered ✓ Significant part of population in various countries inoculated with at least one dose. Eg. USA 51%, UK 58%, Canada 58%, Germany 44%, France 38% ✓ Air Bubbles' arrangement with 27 nations Pax traffic expected to reach pre-Covid level by the end of FY22 Note: 1. % ages of pre-Covid levels and are non-adjusted gross numbers; cargo data is for Dec 2020 2. Pre-covid benchmark to average daily traffic for the entire FY20 (excluding March 2020) 3. Govt had allowed 33% capacity for the airlines till Jun 25, 2020 and increased to 45% till Sep 2, 2020, 60% till Nov 11, 2020, 70% till Dec 3, 2020 and 180% till 31 May, 2021, Jun 1, 2021 onwards cap reduced to 50% 4. Cargo as a % of pre-covid data is for May 2021 individual 7#9FY20 FY21 June 2021* Other Businesses Energy Business 82% 75% 77% 69% 65% 64% Warora Kamalanga GAR Power demand and coal supply are improving as the lockdown is easing up During FY21, the dispatch to the discoms under the PPA have been above the normative availability as defined in the respective PPA Highway Business ☐ Hyderabad Vijaywada (HV) traffic increased by 16% YoY to 11.0 Mn in Q4FY21. On a QoQ basis, traffic increased by 4.6% in Q4 FY21. Per day avg. traffic volume decreased by 36% MoM in May'21 due to lockdown but increased by 9% MoM in June'21 (until 13th June'21) as the lockdown eased ☐ Traffic at Ambala-Chandigarh expressway has been suspended since Oct 12, 2020 due to farmer's agitation Note: *. June PLF data is till 13 June 2021 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 8#10Demerger¹ Update Received most of the NOCs including SEBI, Stock Exchanges; NCLT meeting to convene shortly Current Structure Promoter Group Public Airport Sector Energy Sector GIL L EPC & Urban Infra. Sector Other Sectors Resultant Structure - Upon Demerger Promoter Public Group GIL (Airport) (Listed Demerged entity) L Airport Sector Promoter Group Public GPUIL (Non-Airport) (Listed Resulting entity) L Energy Sector EPC & Urban Infra. Sector Other Sectors GAR Schemes of Arrangement Vertical split demerger of the Non-Airport Business of GIL into GPUIL Mirror shareholding of GIL in GPUIL with all existing shareholders of GIL becoming shareholder of GPUIL in same proportion Issue of 1 share of Rs.5/- each of GPUIL for every 10 shares in GIL of Rs.1/- each as on the record date Note: 1. The Scheme of Arrangement is subject to necessary approvals from shareholders, creditors & regulatory authorities. 2. "GPUIL" - GMR Power and Urban Infra Limited; GIL - GMR Infrastructure Limited Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 9#11Demerger - step in right direction creating pure plays in Airport and Non-Airport Businesses of the Group Objectives of Demerger GIL to emerge as India's Only Pure-Play Listed Airports Company, value unlocking of Airport business GAR Simplification of the Corporate Holding Structure and sharp management focus on the Airport and Non-Airport Businesses. Enable Airport and Non-Airport Businesses to chart out their respective growth plans. independently Value creation through strategic partnerships and attract dedicated pools of investor capital - both from private & public market Scheme is expected to result in an increased interest from investors with a lower cost of capital and longer investment horizon, thus appreciating the equity value Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 10#12Particulars Appointed date Approvals required Timelines Customary Notices Timeline and Approvals GAR Timeline and Approvals • . . 1 April 2021 SEBI and stock exchanges – approval received Equity Shareholders and Creditors Regulatory Authorities and Income Tax Authority NCLT Mumbai . . Scheme filed with NCLT on Mar 5, 2021 Shareholder meeting - Q2 FY22 Creditor meeting - Q2 FY22 Expect to receive order from NCLT Mumbai by Q3 FY22 Post receipt of NCLT orders, customary intimations to Regulatory Authorities Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 11#13Performance Highlights - Q4FY21 GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#14GIL Performance Highlights - Q4 FY21 Consolidated Financials Net Revenues ▲ 1.5x QoQ; ▲ 14% YoY GAR o Airport business revenues 2.3x QoQ, ▲22% YoY EBITDA 7.5x QoQ; 29% YoY to INR 8.4 bn driven by Airport business (▲ 9.7x QoQ; 47% YoY) Net Loss after tax (adjusted for exceptional items) ~INR 1.4 bn in Q4FY21 vs INR 4.5 bn in Q4FY20 Q4FY21 operational performance Airports Traffic growth1 Airports is key Revenue Driver o Delhi: 28% QoQ (▼38% YoY) at 9.7 mn pax ○ Hyderabad: 16% QoQ (▼31% YoY) to 3.3 mn pax Others 22.2% Net Revenue INR 20.7 bn Energy - PLF2 Cebu: 20% QoQ (▼95% YoY) to 0.15 mn pax Highways 4.6% ○ Warora: 88% vs 83% YoY Highways - Traffic growth (YoY) 。 Kamalanga: 75% vs 65% YoY 。 Hyderabad - Vijaywada: 16% o Ambala Chandigarh: Farmers protest impacted traffic 1. Covid situation from end of Feb'2020 impacted traffic; 2. PLF including alternate power Energy 9.5% Airport 63.7% Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 13#15EBITDA Net Revenue 18.1 GIL Consolidated - Quarterly Trends 13.4 10.7 9.6 INR bn 20.7 ■Airport Energy Highways Others 17% 20% 26% 22% 34% 7% 10% 5% 17% 7% 10% 7% 29% 31% 16% 59% 64% 41% 43% 35% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4 FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 6.5 1.4 1.1 INR bn 8.4 Q4FY20 -0.2 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Continuous improvement visible over the period lead by airport business Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 14 GAR#16Λ Gross & Net Debt (INR bn) ^ 346 93 GIL Consolidated Debt 253 Airport 62% Gross Debt Cash & equivalents Net Debt Λ Note FCCB not considered in debt, ^ As on March 2021 Net Debt (Sector-wise) ^ Energy 9% GAR Highways Others 10% 1% -Corporate 18% Corporate net debt declined by INR 8.7 bn QoQ Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 15#17Airport Business GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#18Delhi Airport (DIAL) • Key Developments in Q4FY21 - Airport Business Revenue (118% QoQ, 10% YoY) o Aero revenue (▲25% QoQ, 30% YoY) 。 Non-aero revenue (▲9% QoQ, ▼26% YoY) ✓ Retail incl. Duty Free ( ▲ 53% QoQ, 53% YoY) GAR 。 CPD Rentals (▲ 10x QoQ, ▲ 1.9x YoY). QoQ & YoY up on revenue from contracts for previous quarters On a QoQ basis, Aero and Non-Aero revenues recovered strongly despite severe decline YoY due to Covid and subsequent flight capacity restrictions EBITDA of INR 6.8 bn in Q4FY21 (vs INR 709 mn in Q3FY21, INR 2.8 bn in Q4 FY20) 77 domestic destinations connected as on Mar'21 (vs. 72 in Mar'20). 24 countries connected under air bubble arrangement (vs. 51 pre-Covid) Overall progress achieved 41.6% as on Mar 31, 2021 and 43.8% as on May 31, 2021 w.r.t expansion project Invoked conditions under Force Majeure (FM) provisions for monthly annual fee waiver from AAI until the impact of FM continues ✓ Delhi High Court has granted an interim stay order, which upholds DIAL's right to suspend payment of the fees to AAI till an arbitration tribunal makes a decision on the matter. Cash thus conserved provides for additional resources for current operations Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 17#19Key Developments in Q4FY21 - Airport Business Hyderabad Airport (GHIAL) Revenue (40% QoQ, 47% YoY) o Aero revenue (25% QoQ, ▼56% YoY) o Non-aero revenue (▲ 69% QoQ, 24% YoY) ✓ Retail incl. Duty Free (▲40% QoQ, 62% YoY) GAR Revenues recovering strongly QoQ despite severe decline YoY due to Covid and subsequent flight capacity restrictions EBITDA of INR 773 mn in Q4 FY21 (vs INR 338 mn in Q3FY21, INR 1.9 bn in Q4 FY20) • 58 domestic destinations connected as on Mar'21 (vs. 55 in Mar'20). 10 countries connected under air bubble arrangement (vs. 51 pre-Covid) . Overall progress achieved 57.5% as on Mar 31, 2021 and 59.4% as on May 31, 2021 w.r.t expansion project Cebu Airport Revenue (4% QoQ, 89% YoY) in constant currency terms 。 Pax growth 20% QoQ, 95% YoY; Air traffic movement 35% QoQ, 93% YoY o Operating expenses 3% QoQ, 47% YoY QoQ,47% EBITDA loss at INR 114 mn in Q4FY21 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 18#20Key Developments in Q4FY21-Airport Business GAR Goa Airport . Work is in progress at site with physical activities being carried out simultaneously at multiple sites of the project including Runway, Earthwork, ATC etc. Achieved Milestone III in terms of both financial and physical progress within the agreed timelines as defined in Concession Agreement and have achieved physical progress of 28.26% as of March 31, 2021. As on May 31, 2021, the project has achieved a progress of 33.1%. Land acquisition for the expressway (NH166S) connecting NH 66 to MOPA Airport is nearing completion & expressway is expected to be operational by COD of the airport. Crete Airport Earthworks are progressing in multiple fronts of runway, taxiway, apron, terminal building, external access roads ~3.6% financial progress is achieved with completion of ~10% of earthworks in airport area and ~9.8% of earthworks in access roads as of March 31, 2021 As on May 31, 2021, ~4.8% financial progress is achieved with completion of ~22% of earthworks in airport area and 15% of earthworks in access roads Bhogapuram Airport Land acquisition and R&R works in progress; Preliminary works and design in progress Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 19#21Particulars Airports Business (Q4FY21) - Operational & Financial Highlights QoQ GAR Airport Business (Consolidated) Delhi Airport (Standalone) Hyderabad Airport (Standalone) Q4FY2020 Q3FY2021 Q4FY2021 Q4FY2020 Q3FY2021 Q4FY2021 Q4FY2020 Q3FY2021 Q4FY2021 Net Revenues 10,785 7,150 13,198 5,511 4,296 9,420 3,264 1,242 1,739 EBITDA 5,357 810 7,891 2,822 709 6.841 1,913 338 773 Interest 3,881 3,769 3,716 1,747 1,713 1,927 794 582 637 Cash Profit 3,189 (2,350) 4,540 1,640 (798) 5,174 1,262 36 413 Delhi - Passenger Traffic increased 28% QoQ Domestic International (mn pax) 9.7 7.6 1.0 1.4 42% Hyderabad - Passenger Traffic increased 16% QoQ Domestic International (mn pax) 3.3 2.9 0.3 0.2 46% 6.6 8.3 26% 2.7 14% 3.0 Q3 FY2021 Q4FY2021 Traffic declined from 15.6 Mn in Q4 FY20 to 9.7 Mn in Q4 FY21 Q3 FY2021 Q4FY2021 Traffic declined from 4.8 Mn in Q4 FY20 to 3.3 Mn in Q4 FY21 Humility | Entrepreneurship | Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 20#22Airports Business (FY21) - Operational & Financial Highlights YoY Airport Business GAR (figures in INR mn) Hyderabad Airport Delhi Airport Particulars (Consolidated) FY2020 (Standalone) (Standalone) FY2021 FY2020 FY2021 FY2020 FY2021 Net Revenues 42,773 31,087 20,607 20,854 14,608 4,186 EBITDA 22,652 8,084 9,721 6,832 9,911 531 Interest 13,825 14,776 6,787 6,961 2,405 2,367 Cash Profit 13,283 (4,601) 6,276 857 7,984 (395) Delhi - Passenger Traffic declined 66% YoY 67.3 17.8 Domestic International (mn pax) Hyderabad - Passenger Traffic declined 63% YoY 21.7 3.9 Domestic International 8.0 ▼ 85% ▼82% 17.8 0.6 49.5 22.6 3.2 ▼ 58% 7.5 61% 19.4 FY2020 FY2021 FY2020 (mn pax) FY2021 Humility | Entrepreneurship | Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 21 24#23Delhi Airport - Non-Aero Revenues (FY21) Performance YoY Delhi Airport GAR Non-Aero Revenue Break-up Cargo 23% Advt. 4% F&B 4% Space Rentals 40% Others 13% INR 12.8 bn • Non-aero revenues Ground Handling Retail (incl Duty Free) 11% 5% 42% to INR 12.8bn • Retail revenues 79% YoY to INR 1.3bn ○ Duty Free SPP increased to INR 848 in FY21 from INR 798 in FY20 Cargo revenues 11% YoY to INR 3.0bn o Cargo vol. 23% YoY to 0.737 mn tons Advertisement revenues ▼68% to INR 505mn ○ Site occupancy rate down to 42% in FY21 vs 69% in FY20 Hyderabad Airport Non-Aero Revenue^ Break-up INR 1.6 bn F&B 9% Advt. 8% Others 13% Space Rentals 41% Retail (incl Duty Free) 14% Car Park 15% • Non-aero revenues ▼59% to INR 1.6bn • Retail revenues 78% to INR 230mn ○ Duty Free SPP improved to INR 610 in FY21 from INR 455 in FY20 • Car-Park revenue 70% to INR 240mn • Advertisement: Revenues 65% to INR 132mn ○ Occupancy at 17% in FY21 vs 49% in FY20 ^Cargo, Ground Handling and Fuel Farm is treated as Aero Revenues as per Second Control Tariff Order Humility I Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 22#24Cebu Airport - Operational & Financial Highlights GAR (figures in INR mn) Constant Currency Reported INR mn Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Revenues EBITDA Cash Profit 1,332 151 145 4,925 1,457 1.332 165 159 4,925 1,592 840 (100) (114) 3,161 229 840 (110) (126) 3,161 250 635 (347) (380) 2,021 (1,012) 635 (379) (419) 2,021 (1,106) Q4FY21 Revenue (4% QoQ, 89% YoY) in constant currency terms. 。 Pax growth 20% QoQ, 95% YoY; Air traffic movement 35% QoQ, 93% YoY o Operating expenses 3% QoQ, 47% YoY FY21 Passenger Traffic declined 78% YoY Domestic International 12.7 FY21 Revenues declined 68% YoY (mn pax) ■ Aero ■Non-Aero (INR mn) 4,925 2,187 4.3 ▼ 60% 1,592 ▼ 81% 868 2,738 2.7 ▼ 74% 724 8.4 0.8 ▼ 77% 1.9 FY2021 FY2020 FY2021 FY2020 Note: Financials are at 100% level Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 23#25Significant Contribution of JVs and Subsidiaries GAL-FY21 Consolidated EBITDA (Proforma) INR mn Airport Consolidated EBITDA# JVS EBITDA (DIAL+GHIAL)* Cebu EBITDA 807 8,084 DIAL-FY21 Consolidated EBITDA (Proforma) INR mn 100 Airport Consolidated Proforma EBITDA 8,992 GAR GHIAL-FY21 Consolidated EBITDA (Proforma) INR mn Standalone EBITDA Share of EBITDA from JVs/ Subsidiaries Consolidated Proforma EBITDA Standalone EBITDA^ Share of EBITDA from JVs/ Subsidiaries Consolidated Proforma EBITDA 6,832 767 7,599 531 1,059 1,590 # also include airport subsidiaries; * also includes share of JVS EBITDA where GAL has direct ownership Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 24#26Energy Business GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#27Key Developments in Q4FY21 - Energy Business GAR Warora Power Project Revenue 17% QoQ: 13% YoY - PLF including alternate power at 88.2% vs. 78.3% in Q3FY21 and 83.4% in Q4 FY20 EBITDA 36% QoQ; 37% YoY Cash profit of INR 103 mn vs. cash loss of INR 217 mn in Q3FY21 and cash profit of INR 604 mn in Q4 FY20 Kamalanga Power Project • Revenue normalized for arrears 13% QoQ; 25% YoY - - PLF including alternate power at 75% vs. 95% in Q3 FY21 and 65% in Q4FY20 Overhauling of Unit 2 and 3 during Jan'21 and Feb'21 respectively EBITDA normalized for arrears 2% QoQ; 3.5x YoY Cash profit of INR 1.07 bn vs. INR 422 mn in Q3FY21 and INR 1.09 bn in Q4 FY20 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 26#28GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY GAR (figures in INR mn) GEL Consolidated Warora Kamalanga Solar Particulars Proforma Q4FY2020 Q4FY2021 Q4FY2020 Q4FY2021 Q4 FY2020 Q4 FY2021 Q4FY2020 Q4FY2021 Revenue 9,200 9,700 4,642 4,028 4,470 5,580 150 140 EBITDA 2,378 3,186 1,649 1,037 708 2.166 130 130 Interest 3,033 2,838 1,003 950 1,413 1,348 50 40 PAT (1,699) (1,881) 228 (142) 311 289 30 20 PLF % 83% 88% 65% 75% 16% 17% FY2020 FY2021 FY 2020 FY2021 FY2020 FY 2021 FY 2020 FY2021 Revenue 39.430 37,020 18,443 14,773 20,630 21,890 540 540 EBITDA 12,217 11,805 5,979 4,203 6,307 7,575 599 480 Interest 12,141 11,729 4,086 3,906 5,631 5,599 210 180 PAT (6,907) (4,903) (2,138) (633) (377) (363) 80 110 PLF % 82% 75% 64% 77% 17% 17% Note: Kamalanga is a JV of GEL but considered 100% of Kamalanga financials for GEL Consolidated Proforma Humility I Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual • Net Debt (excluding Bajoli Holi Project under construction): INR 79.0 bn 27 27#29Coal Assets - PT GEMS Performance YoY GAR (figures in INR mn) Particulars Q4 FY2020 Golden Energy Mines Q4FY2021 FY2020 FY2021 Sales Vol. (mn tons) 10.2 9.4 31.0 34.0 Revenues 24,466 20,473 77,776 78,620 EBITDA 2,092 3,471 8,219 11,294 PAT 1.395 2,255 4,689 7,100 • O Production 6% YoY to 9.5 mn tons in Q4FY21. Production for FY21 9% YoY • Sales volumes 9% YoY in Q4 FY21. Sales volume for FY21 10% YoY Realisation 14% YoY to USD 29.7/ton in Q4 FY21 from USD 34.7/ton in Q4 FY20, mainly because of the decline in the global market prices due to Covid • Reduced Per ton Costs by 22% YoY to USD 24.6/ton in Q4 FY21, due to lower strip ratio and lower tier rate to the contractors ⚫ EBITDA per ton USD 2.0/ton YoY to USD 5/ton in Q4 FY21, despite the lower prices as a result of proactive efforts to lower stripping cost and reducing cost of production. Subsequent Improvement in Indonesian coal prices have resulted into the better profitability ✓ Indonesian coal prices have increased after touching lows in Sep 2020 to USD 56-58/ ton currently ✓ PTGEMS Q1CY21 (Jan 2021 - March 2021) performance has significantly improved and achieved EBITDA of USD 135 mn translating to an EBITDA/ ton of USD 15.2 Note: Financials at 100% levely | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 28#30Transportation and Urban Infrastructure Business (T&UI) GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#31Key Developments in Q4FY21 - T&UI GAR Highway Business Hyderabad Vijaywada (HV) traffic increased by 16% YoY to 11.0 Mn in Q4FY21. On a QoQ basis, traffic increased. by 4.6% in Q4 FY21. - Per day avg. traffic volume decreased by 36% MoM in May'21 due to lockdown - With easing of lockdown, traffic increased by 9% MoM in June'21 (until 13th June'21) - Arbitral Tribunal had given the award in favour of HV. Delhi High Court has appointed retired Judge of Supreme Court as Sole Arbitrator for quantification of claims. HV has raised a claim of INR 16.76 Cr plus interest upto March 31, 2020. Sole Arbitrator in turn appointed an Independent Expert for quantification of claims Traffic at GMR Ambala Chandigarh expressway (GACE) has been impacted due to farmer's agitation - GACE declared Force Majeure (FM) under the Concession Agreement (CA) and has notified NHAI - As per the CA, GACE is entitled to compensation for FM event by way of extension in concession period, reimbursement of O&M cost etc. Claim for FM to be filed once the exact impact of the event is determined DFCC Business Construction work has resumed from April 20, 2020 and is picking up pace. ~69% of package 201 and -82% of package 202 completed Challenges faced - Shortage of skilled manpower due to 2nd wave of pandemic that has affected the State of UP Land handover and design approvals are lagging • The Authority has extended the time lines for the completion of the project until March 2022 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 30#32Highway Business Assets Performance YoY Hyderabad-Vijaywada - GAR (figures in INR mn) Chennai ORR Ambala Chandigarh GPEL Particulars Q4FY2020 Q4FY2021 Q4FY2020 Q4FY2021 Q4 FY2020 Q4FY2021 Q4FY2020 Q4FY2021 Revenue 487 564 145 0 159 158 217 228 EBITDA 264 474 95 (53) 96 81 176 202 Interest 678 681 127 188 197 152 204 196 PAT (631) (410) (166) (247) 19 (51) (26) 6 Traffic (mn PCU) 9.5 11.0 3.9 FY2020 FY2021 FY2020 FY 2021 FY2020 FY2021 FY2020 FY2021 Revenue 1,927 1,794 597 223 578 787 942 925 EBITDA 1,423 1,455 404 (8) 380 356 736 374 Interest 2,737 2,761 498 584 585 486 796 833 PAT (1,918) (1,868) (495) (760) 118 80 (54) (454) Traffic (mn PCU) 37.3 35.2 17.0 5.8 Note: Performance of Ambala-Chandigarh impacted by farmers protest Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 31#33- Urban Infrastructure – Potential to Unlock Value GAR Kakinada Special Investment Region: ~10400 Acres Divestment of Group's entire stake in KSEZ2 - Signed Definitive Agreements for divestment by GSPHL 3 of its entire 51% stake in KSEZ2 to Aurobindo Realty and Infrastructure Pvt. Ltd 100% equity stake of KGPL4 held by KSEZ2 would also be transferred to Aurobindo Realty Received and closed -79% of the deal - - - Received INR 1214 Cr as of March 31, 2021 and INR 130 Cr in Q1FY22 Balance amount of INR 348 Cr (out of the total upfront consideration of INR 1692 Cr) expected to be received shortly, tentatively by July 2021 as certain Govt. approvals were awaited which have now been received Additionally, INR 1027 Cr is to be received in next 2-3 years which is contingent upon certain agreed milestones Krishnagiri Special Investment Region: ~1900 Acres . ~300 acres under sale to Indian Multinational ~425 acres under discussion for sale to GoTN agency Next phase of development underway for ~300 acres under Joint Venture with TIDCO 5 Industrial cluster catering to electronics, automobile, logistics, engineering and aerospace sectors Note: 1) subject to receipt of regulatory and other statutory approvals 2) Kakinada SEZ Limited, 3) GMR SEZ and Port Holding Limited - wholly owned subsidiary of GMR Infrastructure Ltd, 4) Kakinada Gateway Port Limited, 5) Tamil Nadu Industrial Development Corporation - TIDCO is a governmental agency in the state of Tamil Nadu, India Humility I Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 32 22#34ESG Practices GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#35Environmental, Social & Governance Considerations GAR The Group companies strive together to create a difference in society through creation of value for each stakeholder. Company has invested substantially and allocated resources to increase adherence to environmental standards and pollution control measures and enhance Environment Health Safety levels. Enviornment Focus on reduction of Carbon footprints across the businesses Conservation of resources Increased focus on clean & Green Energy • Emission reductions . People Regular sessions on competency, Skill development to empower the youth to be Job ready • Health & Wellness programs to enhance Physical, Mental and Spiritual well being for all Employees including Family Members Profits Sustainable economic Value added by the group companies Strict Governance principles through guided values of the organization . . Governance All the secretarial compliances are met. Internal audits, MAG audits keep our processes very transparent. Regular Board meetings are conducted to keep our Board updated on all aspects. Uplifting surrounding communities through our CSR arm - GMR Varalakshmi Foundation Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 34#36Reward & Recognition for DIAL GAR DIAL achieved ACI ASQ Top GAR rank among Asia pacific airports (overall & >40 MPPA category) in CY2020 airport accreditation DIAL became Asia Pacific's first Level 4+ (Transition) accredited airport and Second airport Globally under ACI's Airport Carbon Accreditation program DELHCAR Your voice, our command. Delhi Airport earns ACI's THE VOICE OF THE CUSTOMER recognition DIAL won ACI World's 'Voice of Customer' recognition AIRPORTS COUNCIL INTERNATIONAL SERVICE DIAL achieved ASQ rating of 5.0000 for CY2020 AIRPORT HEALTH ACCREDITATION LACH AIRPORTS COUNCIL INTERNATIONAL Delhi Airport achieved Airport Council International (ACI) Airport Health Accreditation WORLD AIRPORT SKYTRAX AWARDS Green Airport recognition 2021- Platinum Level, for Air Quality Management by ACI Delhi airport voted as Best Airport in India Central Asia for second consecutive year in Skytrax ranking; ranked 7th in 60-70 million passenger category globally Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 35#37First Carbon neutral airport in Asia Pacific IGIA- First airport in the World to be certified ISO 50001: 2011 DIAL's Environment & Safety practices T3 First IGBC LEED certified NC building - GOLD (Feb'11) IGBC Platinum rated existing building (Oct'16) Water Management: 300 plus water harvesting structures; 16.6 MLD STP First airport registered with UNFCC&C for Clean development mechanism for energy efficient measures 16,413 tons CO2 equivalent p.a.. First Airport to install A-CDM Saves cost, reduces emission, enhances Airport capacity and improved operational efficiency GAR 7.85 MW installed Solar capacity Climate Change Management: TaxiBot TaxiBot reduces aircraft fuel emission during taxi and enhances airfield (apron) capacity Climate Change Management: Bridge Mounted Equipment To reduce emission from Auxiliary Power Unit of Aircrafts Single Use Plastic Free Airport Certified by CII for successful voluntary implementation of "Single Use Plastic Free Airport" Climate Change & GHG Management: Electric Buses Adopted electric bus services for ferrying passenger Aircraft Tracking System & Noise Management Effective monitoring of aircraft tracks, air space, distribution and aircraft noise Multimodal Connectivity All terminals connected by Delhi Metro routes, besides road connectivity Training and Competency Development Developed ICAO approved Standard Waste Management Adopted waste to wealth initiative Training Package Leadership in Energy and Environmental Design Operation Infrastructure of and Airport Financing through Green bonds DIAL raised USD 450Mn worth of green bonds to refinance existing bonds and for investment in green assets Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 36#38Reward and Recognition for GHIAL GAR Airport Service Quality Awards Industry Recognition of the Best Airports in the World Froud to receive the 450 Award for Best Airport S&Region 2020 GHIAL won ACI ASQ best airport by size and region in Asia-Pacific region and 15-25 million passenger category ACT ASIA-PACIFIC AIRPORTS COUNCIL INTERNATIONAL HYDERABAD GAR Because Your Voice Matters THE VOICE OF THE CUSTOMER' RECOGNITION Rajiv Gandhi International Airport GHIAL won ACI World's 'Voice of Customer' recognition Platinum 215-35 mppa amaDEUS - 2018 Gold for the best Solid Waste Management 2019 Silver for the best Green Infrastructure airport accreditation GHIAL awarded Level 3+ Neutrality status under ACI's Airport Carbon Accreditation program GREEN AIRPORTS RECOGNITION 2020 Rajiv Gandhi International Airport - 2020 Platinum for the best Water Management SERVICE 60000 GHIAL achieved ASQ rating of 5.00 for CY2020 GREEN ACT AIRPORT U RECOGNITION AIRPORTS COUNCIL INTERNATIONAL 2021 Gold for the Air - Quality Management Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility | Respect for Individual 37 37#39GHIAL's Environment & Safety practices GAR Climate Change Management: Bridge Mounted Equipment Terminal Building certified for "Leadership in Energy & Environmental Design" (LEED) "silver rating" by US Green Building Council Green Development Area of 683 acres is developed with various plants and 2000 acres with Natural vegetation; Removing ~685 tonnes of CO2/ annum from the environment Green Energy Installation of 10 MW Solar Power Plant, Meeting 10 to 15% of Airport's electricity demand. Saving of over 6500 tons of carbon emission p.a. Carbon Neutral Airport For 3rd consecutive year, GHIAL has been accredited with Carbon Neutral Level 3+ certification successfully by ACI ISO Certification Certified to the new international Environmental Management System ISO 14001:2015 Water Management: 2 STPs with capacity of 1850 KLD Wastewater is being treated in STP at site & reused for flushing use. Sludge from STP is being used as manure. Airport is liquid discharge facility zero Food Waste Management Food waste is decomposed through organic waste convertor and used as a compost for planation. Climate Change & GHG Management Adopted electric vehicles services for ferrying passengers Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 38#40• Energy Business's ESG Practices GAR Plants are certified for ISO 9001 QMS, ISO 14001 EMS, ISO 45001 OHSMS & ISO 50001 : | ENMS ✓ GWEL is also certified for ISO 27001 Information Security Management System, ISO 55001 : Asset Management System, ISO / IEC 17025: 2017 for GWEL Laboratory (Coal and Water) issued by the NABL and SA-8000 2014 Social accountability. ✓ GKEL's Chemical Lab is certified by NABL and has also initiated ISO 55001 : Asset Management System & ISO 27001 Information Security Management System. GWEL is certified for ISO: 46001: 2019 - Water Efficiency Management System standard, First-in- India, • Implementation of "EHS Sarathi" at Energy Plants an app portal for EHS (Environment, Health & Safety) Management System The portal is also having Mobile App to support the users including Agencies. • • Theme Based Monthly Mass Meeting being conducted at 1st Day of Every month where the Senior leadership interacts with all the Employees as well as the contract Workforce, along with R&R. Health & Wellness Programs at workplace and township to enhance Physical, Mental & Spiritual well being of all Employees and Associate Employees including Family Members through various programs such as Nirmal Jeevan, Jeeban Paribartan, Mo Paribartan, Smart Manager Program etc. Both Plants expanded its footsteps towards sustainable ash utilization by sending by-product to cement manufacturers / Brick Manufacturing through railway rakes. Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 39#41Energy Business's ESG Practices GAR • • • Implemented non-usage of Single-use Plastic as per government guidelines. Organic farming being sustained at different sites to cater the needs of employees and their families. Kitchen waste converted to compost by Mechanical food bio digester and used in horticulture work. Plantation of new 10000+ saplings at different location to increase the green density in addition to already existing Green Belt at GWEL and GKEL planted -3.88 L sapling till date. Building a 5S culture at GWEL & GKEL. The Plants are certified as a 5S Zone by National Productivity Council Safety Performance Highlights for FY2021 LTIFR and LTISR is 0.00 in FY 2021 (GWEL) ✓ Increase in Lost Time Injury Frequency Rate (LTIFR) from 0.0 in FY2020 to 0.312 ! in FY2021 (GKEL) ✓ Increase in Lost Time Injury Severity Rate (LTISR) from 0.00 in FY2020 to 1869.34 in FY2021 (GKEL) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 40#42Energy Business's ESG Awards & Recognition and Workshop GAR GWEL • • Won Cll's "National Energy Leader” & “Excellent Energy efficient Unit award during the 21st National Award for excellence in Energy Management event which is held online on 25th to 28th August 2020. Bagged the prestigious "National Energy Conservation Award-2020" by Govt. of India, during the 30th NECA event held on 11th January 2021. Safety Workshop on "Learn from disaster and prepare for a Safer Future" organized in which detailed case I study of various disasters across the nation. • Successfully carried out "Workplace Assessment for safety & Hygiene" (WASH) assessment through BVQI ! as per the standard developed by Quality Council of India. GKEL . ⚫ CII - National Energy Management Award - 2020 - As excellent energy efficient unit. CII - Eastern Region - Encon Awards 2020 - Excellence in Energy Conservation - 2nd Runner-up - Large Scale Industry. Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 41#43Energy Business's ESG CSR Related Activities GAR GWEL • Provided safe and clean drinking water, under CSR activity GWEL installed and handed over 3 RO-Water ATM's in FY 20-21. This is the flagship program taken in FY 16-17 to combat high fluoride content in drinking water in nearby villages. Till date 17 RO Water ATM's constructed in 17 villages. . In continuation towards various water conservation initiatives, Plant implemented automatic water sprinkler system for landscape and green belt at its residential colony (Greenwoods Township). This initiative helped in reducing the water consumption by 40% for horticulture and greenbelt maintenance. I GKEL • • Installed 15,000 LPH capacity Potable Water Treatment Plant for Community Water Supply Scheme catering to the requirement of Kamalanga, Durgapur and Bhagamunda. Treated water from the Potable water treatment plant is fed to the over ground reservoir for further distribution to the user end. Under Social Volunteering Programs - 45 Employees participated in 6 Social Volunteering Projects. SABUJIMA: Beautification of school campus through plantation of fruit plants, growing vegetable and flower garden following organic cultivation practices EMPOWER: Skill up gradation of youth on repair and maintenance of electrical household appliances SMART CLASS: Making the Classroom Digital with Audio, Video facility for delivering training FUN FACTORY: Developing a Children park in Nodal School, Mangalpur DIGITAL PLATFORM: Enhancing digital awareness on several schemes run by Govt. for farmer benefit through digital platform & developing data base of beneficiaries SWATCHATA: Improving cleanliness in Manpur village in Mangalpur Gram Panchayat. Both Plants played pro-active role to bring awareness on CORONA precautions in near by villages apart distributing necessary PPE's. Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 42#44PT GEMS Mining: ESG Performance, Practices and Safety Highlights CFCD Corporate Forum for Community Development PENGHARGAAN GAR • . PTGEMS Corporate Social and Environmental Responsibility (CSER) programs are constantly aligned with the 7 core subjects of ISO 26000 and support the UN Sustainable Development Goals (SDGs) PTGEMS through its subsidiaries has won several awards/certifications in the field of environmental management i.e.: - GREEN rating for PROPER to PT Borneo Indobara from the Ministry of Environment and Forestry for the achievement and performance in the field of management and monitoring of mining environment of Subsidiaries for 2018-2020; - BLUE rating for PROPER to PT Kuansing Inti Makmur from the Ministry of Environment and Forestry for the achievement and performance in the field of management and monitoring of mining environment of Subsidiaries for 2018-2020. During 2020, PTGEMS Subsidiary BIB has won following 2 prestigious awards at the TOP CSR Awards 2020 event: De PT BORNEO INDOBARA dalam penganugratian Indonesian CSR Awards 2020 SODALESTMENT & SUSTAINABLE DEVELOPMENT KATEGORI Grand Apresiasi Keda Penilaian dilakukan oleh Prof. Hardy, MS, Thandri Supriatno MBA, kandar Sembiring Dis. Enman Sugianto, Schurman Norman, Dra. Sanwat Fardaniyah, Prof. Dr. Anath M. Fush, MS, Dr. Suwand. M.BA Junawan M.Acc, PhD, I. R. Bambang Pramono, MT, MIN, PABR, It. Einingsih Haryad, Dra. Murasih Sovahyono, MUEST Drauren Sabre, MUM, Dr. Sitti Fariyah M.Ag, Anal, STP. Jakarta, 06 November 2020 Deputi B Mengetahu Standardisasi Nasional Penerapan Sar dan Penins Dr. Zakiyah, M.M. Corporate Forum for Community Development Ketua Umum dr. Sudarmanto, AAK Pengadil Pershebag dinyatakan bersalah secara hukum oleh pengadilan terkait HAM, Lingungen, Sosial dan Bonomi TopBusiness - TOP CSR Award 2020 - Star 5 (Outstanding) and - TOP Leader on CSR Commitment 2020 • PTGEMS has incurred the total expenditure of USD 2.3 million in 2020 on CSR initiatives. TOP CSR AWARDS 2020 WINNER SERTIFIKAT PENGHARGAAN Dianugerahkan kepada BONIFASIUS H PRESIDEN DIREKTUR PT GOLDEN ENERGY MINES TBK Kategori TOP Leader on CSR Commitment 2020 Jakarta, 29 Juli 2020 Drs. Mas Achmad Daniri, MEC) Ketua Dewan Juri M. Lutfi Handayani, MM., MBA Ketua Penyeleng • PTGEMS follows the ESG and policies and reports to its Shareholder, Golden Energy and Resources Ltd. ("GEAR", Listed on the SGX Mainboard). GEAR prepares the annual sustainability report.. TOP CSR AWARDS 2020 WINNER TopBusiness SERTIFIKAT PENGHARGAAN Dianugerahkan kepada PT BORNEO INDOBARA Kategori TOP CSR AWARDS 2020 ***** Jakarta, 29 Juli 2020 Source: GEAR Annual Report 2020 Humility I Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Exce Drs. Mas Achmad Daniri, MEC Ketua Dewan Juri M. Lutfi Handayani, MM, MBA Ketua Penyelenggara#45GAR Thank You For further information, please visit Website: www.gmrgroup.in or Contact: [email protected] GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#46GAR Annexures GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#47Particulars Profitability Statement (Consolidated) Financial Performance Airport Sector (Consolidated) Annexures No. A Delhi Airport (Standalone) Hyderabad Airport (Standalone) Energy Sector (Consolidated) • Warora (Standalone) Kamalanga (Standalone) PT GEMS (Indonesian Coal Mine) Highways Sector (Consolidated) B с D E F G H | GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 46#48Annexure A Profitability Statement (Consolidated) INR mn Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Gross Revenue 23,487 14,810 23,205 85,555 62,294 Less: Revenue Share 5,357 1,407 2,493 20,372 4,849 Net Revenue 18,131 13,404 20,712 65,184 57,445 Total Expenditure 11,585 12,279 12,274 38,898 46,658 EBITDA 6,545 1,124 8,438 26,286 10,787 EBITDA margin 36% 8% 41% 40% 19% Other Income 2,056 1,925 1,987 6,666 6,341 Interest & Finance Charges 10,474 7,868 7,638 35,451 31,722 Depreciation 2,974 2,330 2,326 10,643 10,045 PBT before exceptional items (4,847) (7,149) 461 (13,142) (24,639) Exceptional Income/(Expense) (6,809) (2,951) (5,855) (6,809) (8,806) PBT (11,656) (10,100) (5,393) (19,951) (33,445) Tax (1,704) (308) (401) (849) (2,624) Profit after Tax (PAT) (9,952) (9,792) (4,993) (19,102) (30,821) Add: Share in Profit / (Loss) of JVs / Associates (1,320) (1,399) (2,262) (2,883) (3,457) PAT from Continuing Operations (11,272) (11,191) (7,255) (21,985) (34,278) Add: Profit (Loss) from Discontinued Operations 3 (14) 21 (37) (0) Add: Other Comprehensive Income (OCI) (1,651) 770 (1,594) 241 Total Comprehensive Income (12,919) (10,435) (8,828) (21,780) 1,976 (32,301) Less: Minority Interest (MI) Total Comprehensive Income (Post MI) (640) (12,279) (1,978) (33) 2,831 (5,725) (8,457) (8,795) (24,611) (26,576) GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 47#49Annexure B: Airport Business (Consolidated) Q4FY2020 Q3FY2021 Q4FY2021 FY2020 INR mn FY2021 Aero Revenue 6,103 1,993 2,511 20,628 6,638 Non Aero Revenue 6,512 5,548 6,635 33,640 20,571 CPD Rentals 3,210 621 6,159 7,641 7,486 Gross Revenue 15,825 8,162 15,305 61,909 34,695 Less: Revenue Share 5,040 1,012 2,107 19,136 3,608 Net Revenue 10,785 7,150 13,198 42,773 31,087 Operating Expenditure 5,428 6,339 5,306 20,121 23,002 EBITDA 5,357 810 7,891 22,652 8,084 EBITDA margin 50% 11% 60% 53% 26% Other Income 1,764 497 397 5,205 2,149 Interest & Finance Charges 3,881 3,769 3,716 13,825 14,776 Depreciation 2,279 2,037 1,991 8,908 8,828 PBT 962 (4,499) 2,581 5,124 (13,370) Tax 619 (477) (452) 1,355 (2,952) Profit after Tax (PAT) 343 (4,022) 3,033 3,768 (10,418) Add: Share in Profit / (Loss) of JVS / Associates PAT (After share in JVs/Associates) 206 -182 (1,144) 1,570 (738) 549 (4,204) 1,889 5,339 (11,156) GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 48#50Annexure C: Delhi Airport (Standalone) GAR INR mn Particulars Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Aero Revenue 2,073 1,160 1,453 9,492 4,000 Non Aero Revenue 5,153 3,480 3,810 22,046 12,782 CPD Rentals 3,178 606 6,183 7,556 7,453 Gross Revenue 10,405 5,247 11,445 39,094 24,235 Less: Revenue Share 4,894 951 2,025 18,487 3,381 Net Revenue 5,511 4,296 9,420 20,607 20,854 Operating Expenditure 2,689 3,587 2,579 10,887 14,022 EBITDA 2,822 709 6,841 9,721 6,832 EBITDA margin 51% 16% 73% 47% 33% Other Income 566 207 260 3,342 986 Interest & Finance Charges 1,747 1,713 1,927 6,787 6,961 Depreciation 1,568 1,227 1,302 6,262 5,688 PBT 73 (2,025) 3,872 14 (4,831) Tax (23) (235) 388 (118) (1,657) Profit after Tax (PAT) 96 (1,789) 3,484 132 (3,174) Other Comprehensive Income (OCI) (907) 437 (720) 113 1,298 Total Income (Including OCI) (811) (1,353) 2,764 244 (1,876) Respons Individual 49#51Annexure D Hyderabad Airport (Standalone) INR mn Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Aero Revenue Non Aero Revenue 2,458 872 1,092 11,314 2,781 952 431 728 3,944 1,631 Gross Revenue 3,410 1,304 1,820 15,258 4,412 Less: Revenue Share 147 61 81 649 225 Net Revenue 3,264 1,242 1,739 14,608 4,186 Operating Expenditure 1,350 904 966 4,698 3,656 EBITDA 1,913 338 773 9,911 531 EBITDA margin 59% 27% 44% 68% 13% Other Income 289 270 276 1,143 1,434 Interest & Finance Charges 794 582 637 2,405 2,367 Depreciation 457 460 503 1,707 1,898 PBT 951 (435) (90) 6,941 (2,301) Tax 245 (0) (791) 573 (790) Profit after Tax (PAT) 707 (434) 701 6,368 (1,511) Other Comprehensive Income (OCI) 51 (69) (279) 1,321 (370) Total Income (Including OCI) 757 (503) 422 7,689 (1,881) GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 50#52Annexure E : Energy Business (Consolidated) GAR INR mn Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Gross Revenue Operating Expenditure EBITDA EBITDA margin Other Income Interest & Fin Charges Depreciation Exceptional Income/(Expense) PBT Taxes 3,103 2,158 1,969 8,014 10,234 2,963 2,253 2,160 8,247 10,517 139 (95) (191) (233) (284) 4% -4% -10% -3% -3% (139) 355 400 543 1,230 811 848 551 3,713 2,934 10 9 9 36 36 (6,809) -1,697 32 (6,809) (1,665) (7,630) (2,293) (318) (10,248) (3,688) (22) 109 41 92 150 Profit after Tax (PAT) (7,608) (2,401) (359) (10,340) (3,838) Add: Share in Profit / (Loss) of JVS / Associates (1,611) (1,233) (1,207) (4,817) (2,880) PAT (After share in JVs/Associates) (9,218) (3,634) (1,567) (15,157) (6,718) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 51#53Annexure F: Warora (Standalone) Power Plant GAR INR mn Particulars Total Revenue Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 4,642 3,443 4,028 18,443 14,773 - Fuel Consumption 2,360 2,152 2,308 9,917 8,443 Other Expenses 632 528 682 2,548 2,127 EBITDA 1,649 763 1,037 5,979 4,203 EBITDA margin 36% 22% 26% 31% 28% Other Income -42 12 15 55 60 Interest & Finance Charges 1,003 992 950 4,086 3,906 Depreciation 305 303 289 1,212 1,198 PBT 299 (519) (186) 735 (840) Taxes 71 (131) (44) 2,874 (207) PAT 228 (388) (142) -2,138 (633) Note: Financials are at 100% level Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 52 62#54Annexure G: Kamalanga (Standalone) Power Plant GAR INR mn Particulars Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Total Revenue 4,470 6,350 5,580 20,630 21,890 Fuel Consumption 2,786 3,250 2,469 10,541 10,732 Other Expenses 976 1,037 945 3,783 3,583 EBITDA 708 2,062 2,166 6,307 7,575 EBITDA margin 16% 32% 39% 31% 35% Other Income 1,793 (222) 275 2,056 846 Interest & Finance Charges 1,413 1,419 1,348 5,631 5,599 Depreciation 778 791 786 3,108 3,166 PBT 311 (369) 307 (377) (344) Taxes (0) (0) 19 0 19 PAT 311 (369) 289 (377) (363) Note: Financials are at 100% level Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 53 53#55Annexure H PT GEMS (Indonesian Coal Mine) GAR INR mn Particulars Q4FY2020 Q3FY2021 Q4FY2021 FY2020 FY2021 Production (mn tons) 10.1 7.4 9.5 30.8 33.5 Sales Volumes (mn tons) 10.2 7.6 9.4 31.0 34.0 Gross Revenue 24,466 15,678 20,473 77,776 78,620 Total Expenditure 22,374 14,067 17,001 69,557 67,326 EBITDA 2,092 1,611 3,471 8,219 11,294 EBITDA margin 9% 10% 17% 11% 14% Interest & Finance Charges (net) (200) 137 168 263 596 Depreciation 220 263 440 910 1,282 PBT 2,072 1,211 2,864 7,047 9,417 Taxes 678 422 609 2,358 2,317 PAT 1,395 789 2,255 4,689 7,100 Note: Financials are at 100% level; GMR owns 30% stake Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 54 54#56Annexure I: Highway Business (Consolidated) GAR INR mn Q4FY2020 Q3 FY2021 Q4FY2021 FY2020 FY2021 Gross Revenue 1,552 1,372 1,336 5,852 4,969 Less: Revenue Share 317 395 386 1,236 1,241 Net Revenue 1,235 978 950 4,616 3,728 Operating Expenses 600 462 234 1,450 1,490 EBITDA 635 515 716 3,166 2,238 EBITDA margin 51% 53% 75% 69% 60% Other Income 53 16 28 288 151 Interest & Finance Charges 1,013 1,201 1,255 4,260 4,537 Depreciation 363 201 211 1,071 794 Exceptional Income/(Expense) (335) PBT (687) (870) (1,057) (1,877) (335) (3,277) Taxes 1 3 (2) 84 105 Profit after Tax (PAT) (689) (873) (1,055) (1,961) (3,382) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 55