#1VACUATION ASSEMBLY AREA 3 TERMINAL 3 टर्मिनल 3 C Inter ional Dep Depar GAR Investor Presentation Q3FY21#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 Pg. No. Business Highlight GIL Financial Performance 3-5 6-9 Airport Business 10-17 Energy Business 18-21 Transportation and Urban Infrastructure Business 22-25 ESG Practices 26-33 Annexures 35-45 GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 2#4Business Highlights GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#5Encouraging Trends in Recovery GAR Airport Business witnessing recovery of traffic post opening on May 25th 62% Delhi Airport 1,2,3 ■1st Week 25-31 May 77% ■ 37th Week 1 - 7 Feb Energy Business - PLFs recovered substantially 92% 84% 49% ■Apr-20 87% Jan-21 77% 52% 47% 31% 29% 15% 35% 17% 3% 5% Warora Kamalanga Domestic International Domestic International Domestic International PLF4 Average Daily Pax Daily Average ATM Cargo 67% Hyderabad Airport 1,2,3 1st Week 25-31 May ■ 37th Week 1-7 Feb 69% 90% 81% 65% 31% 35% 8% 12% 12% 8% 2% Domestic International Average Daily Pax Domestic International Domestic International Daily Average ATM Cargo . • Highway Business1 Hyderabad Vijayawada recorded 103% traffic of pre-Covid levels in February 2021 Traffic at Ambala Chandigarh impacted due to farmer's agitation 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 June 25, 2020 and increased to 45% till September 2, 2020 and then 60% till November 11, 2020 post which the cap had been increased to 70% and 80% on 4th Dec 2020 4. Unit 3 of Kamalanga plant was under maintenance in January 2021 Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility | Respect for Individual 4#6Demerger¹ Update Received consent of the Stock Exchanges to file for Scheme of Amalgamation and Arrangements in NCLT GAR Current Structure Promoter & Promoter Group 65.52% 100% GIL Public Airport, Energy, EPC, Urban Infra GPUIL² Businesses Resultant Structure Promoter & Promoter Group 34.48% 65.52% GPUIL Public GIL 34.48% 100%² GPIL Energy, EPC and Urban Infra Businesses Airport Business Power Business Move to Create India's only Pure-Play Listed Airports Company Note: 1. The Scheme of Arrangement is subject to necessary approvals from shareholders, creditors & regulatory authorities. 2. Directly and indirectly 3. "GPIL" - GMR Power Infra Limited; "GPUIL" GMR Power and Urban Infra Limited; GIL - GMR Infrastructure Limited Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 5#7Performance Highlights - Q3FY21 GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#8GIL Performance Highlights - Q3FY21 GAR Consolidated Financials Net Revenues 12% QoQ but 28% YoY due to unprecedented Covid pandemic Airport business revenues 32% QoQ, 50% YoY EBITDA of INR 1.1 bn in Q3FY21 vs INR 7.3 bn in Q3FY20 on lower revenue Net Loss after tax (adjusted for exceptional items) ~INR 8.2 bn in Q3FY21 vs INR 2.8 bn in Q3FY20 Q3FY21 operational performance Airports is key Revenue Driver Airports -Traffic growth1 Delhi: 84% QoQ (60% YoY) at 7.6 mn pax Energy - PLF2 。 Hyderabad: 87% QoQ (▼52% YoY) to 2.9 mn pax Cebu: 224% QoQ (96% YoY) to 0.12 mn pax Warora: 78% vs 91% YoY O Kamalanga: 95% vs 64% YoY Highways - Traffic growth (YoY) 。 Hyderabad - Vijaywada: 13% O O Ambala Chandigarh: 88% - 1. Covid situation from end of Feb'2020 impacted traffic; 2. PLF including alternate power Others 26.0% Highways 8.2% Energy 18.0% Net Revenue INR 12.0 bn Airport 47.9% Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 7#9EBITDA Net Revenue 18.1 16.7 GIL Consolidated - Quarterly Trends INR bn ■Airport Energy Highways Others GAR 13% 17% 20% 26% 26% 6% 7% 12% 10% 12.0 17% 7% 8% 10.7 9.6 29% 18% 31% 68% 59% 48% 41% 35% Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 INR bn 7.7 7.3 6.5 6.7 5.7 4.7 3.7 2.7 1.7 0.7 -0.3 Q3FY20 1.4 1.1 Q4FY20 -0.2 Q1FY21 Q2FY21 Q3FY21 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 8#10298 Gross & Net Debt (INR bn) ^ 46 GIL Consolidated Debt 252 Airport 59% Gross Debt Cash & equivalents Net Debt Note FCCB not considered in debt, ^ As on December 2020 Net Debt (Sector-wise) ^ Energy 9% GAR Highways 10% -Corporate 22% Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 9#11Airport Business GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#12Delhi Airport (DIAL) Key Developments in Q3FY21 - Airport Business Revenue (32% QoQ, 46% YoY) Aero revenue (34% QoQ, ▼55% YoY) Non-aero revenue (▲13% QoQ, ▼43% YoY) ✓ Retail incl. Duty Free (92% QoQ, 77% YoY) CPD Rentals (6x QoQ, 57% YoY). YoY down on non-recognition of revenue w.r.t Bharti Realty GAR On a QoQ basis, Aero and Non-Aero revenues recovering strongly despite severe decline YoY due to Covid and subsequent flight capacity restrictions Operational EBITDA of INR 799 mn in Q3FY21 (vs INR 109 mn in Q2FY21, INR 2.9 bn in Q3FY20) Hyderabad Airport (GHIAL) . Revenue (54% QoQ, 68% YoY) O Aero revenue (56% QoQ, 71% YoY) O Non-aero revenue (▲50% QoQ, ▼60% YoY) Retail incl. Duty Free (▲2.2x QoQ, 74% YoY) Revenues recovering strongly QoQ despite severe decline YoY due to Covid and subsequent flight capacity restrictions · Operational EBITDA of INR 348 mn in Q3FY21 (vs loss of INR 34 mn in Q2FY21, profit of INR 2.8 bn in Q3FY20) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 11#13Key Developments in Q3FY21 - Airport Business GAR Cebu Airport Revenue (56% QoQ, 88% YoY) in constant currency terms Pax growth 3.2x QoQ, 96% YoY; Air traffic movement 3x QoQ, 94% YoY 。 Operating expenses 11% QoQ, 42% YoY EBITDA loss at INR 98 mn in Q3FY21 Goa Airport Construction & development works at project site were stopped temporarily during countrywide lockdown i.e. from March 22, 2020 till April 20, 2020. The work resumed at site from April 21, 2020 with adherence to the guidelines issued by Govt. of India and Govt. of Goa. Work is now in full progress with physical activities being carried out simultaneously at various sites of the project. -20% works completed as of December 31, 2020 As per the requirement, mobilization of adequate equipment and machinery at site is done and will be enhanced for faster progress of the construction work Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 12 112#14Particulars Airports Business (Q3FY21) - Operational & Financial Highlights QoQ GAR Airport Business (Consolidated) Delhi Airport (Standalone) Hyderabad Airport (Standalone) Q3FY2020 Q2FY2021 Q3FY2021 Q3FY2020 Q2FY2021 Q3FY2021 Q3FY2020 Q2FY2021 Q3FY2021 Net Revenues 11,447 4,350 5,740 5,383 2,182 2,886 3,915 792 1,242 EBITDA ^ Λ 6,697 494 911 2,949 109 799 2,779 (34) 348 Interest 3,692 3,705 3,769 1,803 1,649 1,713 542 569 582 Cash Profit 3,224 (2,773) (2,350) 1,425 (1,381) (798) 2,407 (77) 36 Delhi - Passenger Traffic increased 84% QoQ ■Domestic International (mn pax) 4.1 0.7 3.4 Q2FY2021 50% 91% 7.6 1.0 6.6 Q3FY2021 Traffic declined from 18.6 Mn in Q3FY20 to 7.6 Mn in Q3FY21 ^ Adjusted for revenue share on other income Hyderabad - Passenger Traffic increased 87% QoQ 1.5 01 1.4 Q2FY2021 Domestic International 111% 86% (mn pax) 2.9 0.2 2.7 Q3FY2021 Traffic declined from 5.9 Mn in Q3FY20 to 2.9 Mn in Q3FY21 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 13#15(Consolidated) Airports Business (9MFY21) - Operational & Financial Highlights YoY GAR Airport Business (figures in INR mn) Hyderabad Airport (Standalone) Delhi Airport (Standalone) Particulars 9MFY2020 9MFY2021 9MFY2020 9MFY2021 9MFY2020 9MFY2021 Net Revenues 31,988 13,427 15,097 6,971 11,345 2,448 EBITDA ^ Λ 18,487 569 8,061 323 8,027 (198) Interest 9,945 Cash Profit 10,094 11,060 (9,141) 5,040 5,034 1,611 1,731 4,636 (4,317) 6,721 (808) Delhi - Passenger Traffic declined 75% YoY ■Domestic 51.7 13.8 International (mn pax) Hyderabad - Passenger Traffic declined 72% YoY 16.9 3.1 ■Domestic International ▼90% ▼87% 4.7 13.8 37.9 12.9 1.8 0.3 ▼ 68% ▼71% 4.4 11.1 9MFY2020 ^ Adjusted for revenue share on other income 9MFY2021 9MFY2020 9MFY2021 (mn pax) Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 14#16Delhi Airport - Non-Aero Revenues (9MFY21) Performance YoY Delhi Airport GAR Non-Aero Revenue Break-up Cargo 25% Advt. 3% F&B 4% INR 9.0 bn • Non-aero revenues Retail revenues 47% to INR 9.0bn 86% YoY to INR 692mn 。 Duty Free SPP down to INR 769 in 9MFY21 from INR 821 in 9MFY20 Cargo revenues 7% YoY to INR 2.2bn 。 Cargo vol. 31% YoY to 0.514 mn tons • Advertisement revenues 76% to INR 293mn 。 Site occupancy rate down to 36% in 9MFY21 vs 70% in 9MFY20 Ground Handling 5% Space Rentals 43% Others 12% Retail (incl Duty Free) 8% Non-Aero Revenue^ Break-up Space Rentals 37% F&B 8% Advt. 9% Others 18% Car Park 15% Retail (incl Duty Free 13% Hyderabad Airport INR 903 mn • Non-aero revenues 70% to INR 903mn Retail revenues 84% to INR 120mn 。 Duty Free SPP improved to INR 605 in 9MFY21 from INR 451 in 9MFY20 Car-Park revenue 79% to INR 132mn Advertisement: Revenues 73% to INR 78mn 。 Occupancy at 14% in 9MFY21 vs 50% in 9MFY20 ^Cargo, Ground Handling and Fuel Farm is treated as Aero Revenues as per Second Control Tariff Order Humility | Entrepreneurship | Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 15#17Cebu Airport - Operational & Financial Highlights CAR (figures in INR mn) Constant Currency Reported INR mn Q3FY2020 Q2FY2020 Q3FY2021 9MFY2020 9MFY2021 Q3FY2020 Q2FY2020 |Q3FY2021 9MFY2020 9MFY2021 Gross Revenues EBITDA 1,225 95 148 3,595 1,306 1,225 103 165 3,595 1,422 801 (182) (98) 2,322 338 801 (198) (110) 2,322 368 Cash Profit 415 (449) (339) 1,390 (636) 415 (489) (379) 1,390 (693) Q3FY21 Revenue (56% QoQ, 88% YoY) in constant currency terms O Pax growth ▲3.2x QoQ, 96% YoY; Air traffic movement 3x QoQ, 94% YoY Operating expenses 11% QOQ, ▼42% YoY 9MFY21 Passenger Traffic declined 73% YoY ■Domestic 9.5 International 9MFY21 Revenues declined 60% YoY (mn pax) Aero 3,595 ■Non-Aero 1,590 3.2 ▼ 53% 1,422 75% 745 2.6 2,005 6.3 ▼ 66% 0.8 677 71% 1.8 9MFY2021 9MFY2020 Note: Financials are at 100% level 9MFY2021 9MFY2020 (INR mn) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 16#18INR mn Significant Contribution of JVs and Subsidiaries GAL - 9MFY21 Consolidated EBITDA (Proforma) Airport Consolidated EBITDA^# JVS EBITDA (DIAL+GHIAL)* Cebu EBITDA 147 1,779 569 DIAL - 9MFY21 Consolidated EBITDA (Proforma) INR mn Standalone EBITDA^ Share of EBITDA from JVs/ Subsidiaries Consolidated Proforma EBITDA 323 1,439 1,762 Airport Consolidated Proforma EBITDA 2,495 GAR GHIAL - 9MFY21 Consolidated EBITDA (Proforma) INR mn Standalone EBITDA^ Share of EBITDA from JVs/ Subsidiaries Consolidated Proforma EBITDA 816 (198) 618 ^ Adjusted for revenue share on other income; # 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 17#19Energy Business GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#20Warora Power Project Key Developments in Q3FY21 - Energy Business GAR 34% YOY - PLF including alternate power at 78.3% from 90.6% YoY as Unit 1 was under maintenance in December 2020 EBITDA 54% YoY Cash loss of INR 217 mn vs. cash profit of INR 660 mn in Q3FY20 Revenue Kamalanga Power Project • Revenue normalized for arrears - 21% YoY PLF including alternate power at 95% vs. 64% YoY EBITDA normalized for arrears 52% YoY Cash profit of INR 422 mn vs. INR 1 bn in Q3FY20 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 19 19#21GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY GEL Consolidated GAR (figures in INR mn) Solar Warora Kamalanga Proforma Particulars Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Revenue 11,853 9,720 5,187 3,443 6,261 6,350 130 130 EBITDA 4,350 2,852 1,669 763 2,368 2,062 120 120 Interest 2,996 2,969 1,017 992 1,406 1,419 50 50 PAT (220) (1,399) 214 (388) 220 (369) 20 30 PLF % 91% 78% 64% 95% 16% 17% 9MFY2020 9MFY2021 9MFY2020 9MFY2021 9MFY2020 9MFY2021 9MFY2020|9MFY2021 Revenue 30,230 27,320 13,801 10,746 16,160 16,310 400 390 EBITDA 9,838 8,619 4,329 3.166 5,598 5,409 370 360 Interest 9,108 8,891 3,082 2,956 4,218 4,251 160 140 PAT (5,208) (3,022) (2,367) (491) (688) (652) 50 90 PLF % 82% 71% 64% 78% 16% 16% Note: Kamalanga is a JV of GEL but considered 100% of Kamalanga financials for GEL Consolidated Proforma Net Debt (excluding Bajoli Holi Project under construction): INR 83.4 bn Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 20 20#22. Particulars Coal Assets - PT GEMS Performance YoY Golden Energy Mines (figures in INR mn) Q3FY2020 Q3FY2021 9MFY2020 9MFY2021 Sales Vol. (mn tons) 7.4 7.6 20.8 24.6 Revenues 18,897 15,678 53,310 58,148 EBITDA 1,805 1,611 6,127 7,823 PAT 750 789 3,294 4,846 Production 9% YoY to 7.4 mn tons in Q3FY21 GAR Sales volumes 2% YoY in Q3FY21 as rains impacted the Q3FY21 volumes but has witnessed a recovery post Q3FY21 • Realisation 20% YoY to USD 28.0/ton in Q3FY21 from USD 35.0/ton in Q3FY20 • Reduced Per ton Costs by 21% YoY to USD 25.1/ton in Q3FY21 USD 0.4/ton YoY to USD 3/ ton in Q3FY21 EBITDA per ton Recent improvement in Indonesian coal price expected to benefit PT Gems ✓ Indonesian coal prices have increased after touching lows in Sep 2020 to -USD 37-40/ ton currently Note: Financials at 100% level Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 21 24#23Transportation 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#24Key Developments in Q3FY21 - T&UI GAR Highway Business Hyderabad Vijayawada (HV) expressway have reached 103% traffic as compared to pre-Covid levels in February 2021 Traffic at Ambala Chandigarh expressway has been impacted due to farmer's agitation . Major Maintenance of HV completed. Pavement distress rectification works started 30 Kms of major maintenance in Pochanpalli completed DFCC Business • Construction work has resumed from April 20, 2020 and is picking up pace - ~64% of package 201 and -73% of package 202 completed Challenges faced - Shortage of skilled manpower due to pandemic impact Land handover and design approvals are lagging The Authority has extended the time lines for the completion of the project Kakinada SEZ (KSEZ) . Signed definitive agreements to divest entire stake in Kakinada SEZ to Aurobindo Realty & Infra Pvt. Ltd Approval received from The Board of Approval on SEZ in the Ministry of Commerce and Industry for sale of equity held by GIL in KSEZ Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 23 23#25Highway Business Assets Performance YoY Hyderabad-Vijaywada Ambala Chandigarh GAR (figures in INR mn) Chennai ORR GPEL Particulars Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Q3FY2020 Q3FY2021 Revenue 482 540 155 21 123 192 222 225 EBITDA 399 447 106 (51) 90 86 180 23 Interest 697 706 125 134 109 125 200 218 PAT (429) (442) (123) (201) 49 12 (18) (194) Traffic (mn PCU) 9.6 10.8 4.4 0.5 9MFY2020 9MFY2021 9MFY2020 9MFY2021 9MFY2020 9MFY2021 9MFY2020 9MFY2021 Revenue 1,440 1,230 452 223 419 628 726 696 EBITDA 1,159 981 309 45 284 275 560 172 Interest 2,059 2,080 371 396 388 334 592 637 PAT (1,287) (1,458) (329) (513) 99 131 (28) (460) Traffic (mn PCU) 27.8 24.2 13.1 5.8 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 24 24#26Urban Infrastructure - Potential to Unlock Value GAR Kakinada Special Investment Region State Capital Region Vijayawada Ow mad Divestment¹ of Group's entire stake in KSEZ² ■ Vizag ■ Kakinada SIR Kakinada Krishnagiri Special Investment Region Signed Definitive Agreements for divestment by GSPHL³ 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. Consideration for the equity stake and sub-debt in KSEZ2 - INR 26.1 bn ☐ INR 16 bn to be received on the closing date ☐ INR 10.1 bn to be received in next 2 - 3 years which is contingent upon certain agreed milestones Approval received from Board of Approval on SEZ in the Ministry of Commerce and Industry for the sale of equity held by GIL in Kakinada SEZ Ltd State UNIE SHOOLAWA HAYANOTS ✓ 2,500 acres of land 275 acres being used for infra development, approvals in place Joint Venture with TIDCO5 Industrial cluster catering to aerospace, automobile, logistics, engineering and electronics 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 | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 25 25#27ESG Practices GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#28Environmental, 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 27 27#29Reward & Recognition for DIAL CERTIFICATE of ACCREDITATION 14 Nov 2020-3 July 2024 This is to certify that Airport Carbon Accreditation, under the administration of WSP, confirms that the carbon management processes at INDIRA GANDHI INTL AIRPORT implemented by Delhi International Airport Ltd airport carbon accreditation www.airportCO2.org airport carbon accredited TRANSITION DELHI INTERNATIONAL AIRPORT INDIRA GANDH GAR have earned the accreditation level of TRANSITION, in recognition of the airport's exceptional work in aligning its carbon management with global climate goals to reach absolute emissions reductions, establishing related partnerships with its business partners and compensating responsibly the residual CO2 emissions under its control, as part of the Global airport industry's response to the challenge of Climate Change. Stefano Baronci Director General ACI Asia-Pacific S Chart Simon Clouston Director WSP ACI Level 4+ (Transition) Accreditation AIRPORTS COINOL INTECENTIONAL 5 February 2021 AIRPORTS COUNCIL INTERNATIONAL Mr. Videh Kumar JAIPURIAR Chief Executive Omoer Delhi International Airport Ltd New Udaan Bhawan, Opp. Terminal 3 Indira Gandhi International Airport New Delhi 110037 India Dear Mr. Videh Kumar JAIPURIAR ACI Asia-Pacific Green Airports Recognition 2021 REF: (01)APACIGAR/2021 On behalf of the Panel of Judges, I am pleased to inform you that after assessment, Indira Gandhi International Airport is selected one of the best among the eleven eligible submissions for the ACI Asia- Pacific Green Airports Recognition 2021. Your airport will be invited to receive the Platinum Recognition in the Over 25 million passenger category. The Panel highly praised your airport's project Green Taxing at IGI Airport. I would like to thank you for your support for this Important initiative and for sharing your airport's best practices in Air Quality Management, the theme of this year's recognition. Due to the continued Impact of COVID-19 and travel restrictions. In most parts of our region, combined with our desire to recognize the winning airports, a virtual recognition will be held in June 2021. We will Inform you of details of the event nearer the time and once details are confirmed. ACI Asia-Pacific will make a formal announcement to the press and on social media channels In June. concurrent with the virtual event. We kindly request that your airport announce at the same time. Should you require assistance for your respective announcements, please do not hesitate to reach out to Mr. Ken Lau, Senior Manager - Environment and Airport Information Technology at ken@ack- aslapac.aero Once again, congratulations and thank you for Indira Gandhi International Airport's valuable contribution. Sincerely yours. 2nd NATIONAL WATER AWARDS 3 PRIZE WAZER RESOURCES Stefano Barond Director General A- Unit 13, 21, HBA Comment building, 1 Sky Pong Kong International Airport, Hong Kong To(52) 210-444/Fm (2) 2180-9882/ SALES Green Airport recognition 2021- Platinum Level, for Air Quality Management National Water Award 2019 GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 28#30First 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 "Single Use Plastic Free Airport" Climate Change & GHG Management: Electric Buses Adopted electric bus services for ferrying passenger Aircraft Tracking System & Noise Management of 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 Training Package Leadership in Energy and Environmental Design and Operation Infrastructure of Airport Waste Management Adopted waste to wealth initiative Sustainability Reporting Publishes sustainability reporting as Standard per GRI Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 29 29#31Reward and Recognition for GHIAL GAR RGIA received Green Airports Recognitions from the Airports Council International (ACI) for the last four consecutive years :- 2018 Gold for the best Solid Waste Management - 2019 Silver for the best Green Infrastructure - 2020 Platinum for the best Water Management - 2021 - Gold for Air Quality Management Category: 15 to 35 million passengers per annum in the Asia-Pacific region. ACT ASIA-PACIFIC AIRPORTS COUNCIL INTERNATIONAL Platinum 215-35 mppa Asia's largest event on Civil Aviation (Commercial Aviation and GA/BA) In Mar'20, RGIA received Aviation Sustainability & Environment Award From MoCA & FICCI. WINGS INDIA 2020 12-15 March 2020 Begumpet Airport, Hyderabad, India GREEN AIRPORTS RECOGNITION 2020 Rajiv Gandhi International Airport Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 30 30#32Climate Change Management: Bridge Mounted Equipment Terminal Building certified for "Leadership in Energy & Environmental Design" (LEED) "silver rating" by US Green Building Council GHIAL's Environment & Safety practices 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. GAR 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 zero liquid discharge facility 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 31#33Energy Business's ESG Practices GAR Plants are certified for ISO 9001 QMS, ISO 14001: EMS, OHSAS 18001. ✓ GKEL has also implemented EnMS 50001, ISO 55001 Asset Management System. ✓ GWEL is also certified for ISO 27001 Information Security Management System and ISO 45001 : OHSMS. I⚫ Warora (GWEL) and Kamalanga (GKEL) implemented non-usage of Single-use Plastic as per government i guidelines Organic farming being sustained at different sites to cater the needs of employees and their families Plantation of new 10000+ saplings at different location to increase the green density in addition to already existing Green Belt. Building a 5S culture at GWEL & GKEL. The Plants are certified as a 5S Zone by National Productivity Council. Employee engagement campaigns are conducted at plants to create awareness and generate new ideas for continual improvement • Implementation of "EHS Sarathi" at GWEL plant an app portal for EHS (Environment, Health & Safety) Management System and hold EHS Council Meeting where all Plants' EHS Head with their Team 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. • Health & Wellness Programs at workplace and township to enhance Physical, Mental & Spiritual well being I of all Employees and Associate Employees including Family Members through various programs such as Nirmal Jeevan, Jeeban Paribartan, Mo Paribartan, Smart Manager Program etc. - - Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 32 32#34PT GEMS Mining: ESG Performance, Practices and Safety Highlights CAR ESG Performance Won several awards/ certifications in environmental BELOW for TSS, PH Limits and Metal Content of Effluents REGULATORY LIMITS 33.6% INCREASE NO, SO, and CO emissions are MUCH LOWER than regulatory limits Thermal Coal Production for GEMS ZERO Fatalities, strikes and lockouts in our operational areas, business disruptions due to emergency Source: GEAR Annual Report 2019 Number of Emergency Simulations Participants 54% + INCREASE management for 2018-2019 i.e.: ✓ GREEN rating for PROPER to PT Borneo Indobara i from the Ministry of Environment and Forestry ✓ BLUE rating for PROPER to PT Kuansing Inti Makmur from the Ministry of Environment and Forestry Incurred the total expenditure of ~USD 4.8 mn in 2019 on CSR initiatives. • Follows the ESG policies and reports to its Shareholder, I Golden Energy and Resources Ltd.. GEAR prepares the annual sustainability report Safety performance highlights for FY2019 ✓ Increase in Lost Time Injury Frequency Rate (LTIFR) from 0.05 in FY2018 to 0.07 in FY2019 ✓ Increase in Lost Time Injury Severity Rate (LTISR) from 4.68 in FY2018 to 6.65 in FY2019 ✓ Zero recordable work-related injury in the Singapore I office for four consecutive years ✓ 54% increase in number of emergency simulations ! participants FY2019 target achieved LTIFR threshold below 0.19 ✓ LTISR threshold below 10.45 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 33#35GAR 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#36GAR Annexures GAR Humility | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual#37Particulars 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 C 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 36#38Annexure A : Profitability Statement (Consolidated) INR mn Q3FY2020 Q2FY2021 Q3FY2021 9MFY2020 9MFY2021 Gross Revenue 21,965 12,938 14,810 62,068 39,089 Less: Revenue Share 5,232 2,226 2,817 15,015 6,818 Net Revenue 16,733 10,712 11,993 47,053 32,271 Total Expenditure 9,410 9,316 10,869 27,312 29,922 EBITDA 7,324 1,396 1,124 19,740 2,349 EBITDA margin 44% 13% 9% 42% 7% Other Income 1,012 1,543 1,925 4,610 4,354 Interest & Finance Charges 8,584 8,405 7,868 24,977 24,084 Depreciation 2,597 2,758 2,330 7,669 7,720 PBT before exceptional items (2,845) (8,224) (7,149) (8,295) (25,101) Exceptional Income/(Expense) (2,951) (2,951) PBT (2,845) (8,224) (10,100) (8,295) (28,052) Tax 188 (404) (308) 855 (2,224) Profit after Tax (PAT) (3,033) (7,820) (9,792) (9,150) (25,828) Add: Share in Profit / (Loss) of JVs / Associates 242 327 (1,399) (1,564) (1,195) PAT from Continuing Operations (2,792) (7,493) (11,191) (10,713) (27,023) Add: Profit/(Loss) from Discontinued Operations (16) (7) (14) (40) (21) Add: Other Comprehensive Income (OCI) 284 1,161 770 1,892 3,570 Total Comprehensive Income (2,523) (6,339) (10,435) (8,861) (23,474) Less: Minority Interest (MI) 861 (1,610) (1,978) 3,471 (5,693) Total Comprehensive Income (Post MI) (3,384) (4,729) (8,457) (12,332) (17,781) GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 37#39Annexure B: Airport Business (Consolidated) INR mn Q3FY2020 Q2FY2021 Q3FY2021 9MFY2020 9MFY2021 Aero Revenue 4,984 1,388 1,993 14,525 4,127 Non Aero Revenue 9,958 4,770 5,548 27,128 13,936 CPD Rentals 1,419 126 621 4,431 1,327 Gross Revenue 16,361 6,284 8,162 46,083 19,390 Less: Revenue Share 4,914 1,933 2,422 14,096 5,963 Net Revenue 11,447 4,350 5,740 31,988 13,427 Operating Expenditure 4,952 4,016 4,929 14,693 13,234 EBITDA 6,495 334 810 17,295 193 EBITDA margin 57% 8% 14% 54% 1% Other Income 638 721 497 3,441 1,752 Interest & Finance Charges 3,692 3,705 3,769 9,945 11,060 Depreciation 2,243 2,417 2,037 6,629 6,836 PBT 1,198 (5,066) (4,499) 4,162 (15,951) Tax 172 (489) (477) 736 (2,500) Profit after Tax (PAT) 1,026 (4,577) (4,022) 3,426 (13,451) Add: Share in Profit / (Loss) of JVs / Associates PAT (After share in JVs/Associates) 497 757 (182) 1,364 406 1,523 (3,820) (4,204) 4,790 (13,045) GAR Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 38#40Annexure C : Delhi Airport (Standalone) INR mn Particulars Q3FY2020 Q2FY2021 Q3FY2021 9MFY2020 9MFY2021 Aero Revenue 2,582 869 1,160 7,418 2,547 Non Aero Revenue 6,138 3,091 3,480 16,893 8,972 CPD Rentals 1,402 101 606 4,378 1,270 Gross Revenue 10,122 4,061 5,247 28,690 12,790 Less: Revenue Share 4,739 1,879 2,361 13,593 5,818 Net Revenue 5,383 2,182 2,886 15,097 6,971 Operating Expenditure 2,625 2,212 2,177 8,197 6,980 EBITDA 2,758 (30) 709 6,899 (9) EBITDA margin 51% -1% 25% 46% 0% Other Income 469 297 207 2,776 726 Interest & Finance Charges 1,803 1,649 1,713 5,040 5,034 Depreciation 1,587 1,590 1,227 4,695 4,387 PBT (162) (2,971) (2,025) (59) (8,703) Tax (24) (506) (235) (95) (2,045) Profit after Tax (PAT) (138) (2,465) (1,789) 36 (6,658) Other Comprehensive Income (OCI) (182) 871 437 1,020 2,018 Total Income (Including OCI) (320) (1,594) (1,353) 1,055 (4,640) Operational EBITDA (Adjusted for revenue share on other income) Reported EBITDA 2,758 (30) 709 6,899 (9) Revenue share on Other Income (@45.99%) 189 135 96 779 333 SEIS Income Operational EBITDA 1 2,949 3 (6) 383 109 799 8,061 (2) 323 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 39 GAR#41Annexure D : Hyderabad Airport (Standalone) GAR INR mn Q3FY2020 Q2FY2021 Q3 FY2021 9MFY2020 9MFY2021 Aero Revenue 3,016 558 872 8,856 1,689 Non Aero Revenue 1,074 288 431 2,992 903 Gross Revenue 4,090 846 1,304 11,847 2,592 Less: Revenue Share 175 54 61 503 145 Net Revenue 3,915 792 1,242 11,345 2,448 Operating Expenditure 1,148 847 904 3,347 2,690 EBITDA 2,767 (55) 338 7,997 (242) EBITDA margin 71% -7% 27% 70% -10% Other Income 330 551 270 854 1,158 Interest & Finance Charges 542 569 582 1,611 1,731 Depreciation 430 471 460 1,251 1,396 PBT 2,125 (545) (435) 5,990 (2,211) Tax 137 9 (0) 329 1 Profit after Tax (PAT) 1,989 (554) (434) 5,661 (2,212) Other Comprehensive Income (OCI) 62 81 (69) 1,271 (92) Total Income (Including OCI) 2,051 (473) (503) 6,932 (2,304) Operational EBITDA (Adjusted for Reported EBITDA 2,767 (55) 338 7,997 (242) Revenue share on Other Income (@4%) Operational EBITDA 12 21 10 30 44 2,779 (34) 348 8,027 (198) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 40 40#42Annexure E : Energy Business (Consolidated) GAR INR mn Q3FY2020 Q2FY2021 Q3FY2021 9MFY2020 9MFY2021 Gross Revenue 2,072 3,101 2,158 4,911 8,265 Operating Expenditure 2,132 3,048 2,253 5,284 8,358 EBITDA (60) 52 (95) (373) (93) EBITDA margin -3% 2% -4% -8% -1% Other Income 185 259 355 683 830 Interest & Fin Charges Depreciation Exceptional Income/(Expense) PBT Taxes 766 779 848 2,902 2,382 (0) 9 9 26 27 0 (1,697) 0 (1,697) (640) (477) (2,293) (2,618) (3,370) 34 (2) 109 114 109 Profit after Tax (PAT) (674) (475) (2,401) (2,732) (3,479) Add: Share in Profit/ (Loss) of JVs / Associates (347) (464) (1,233) (3,207) (1,673) PAT (After share in JVs/Associates) (1,021) (939) (3,634) (5,939) (5,152) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 41#43Annexure F : Warora (Standalone) Power Plant GAR INR mn Particulars Total Revenue Fuel Consumption - Other Expenses EBITDA Q3FY2020 Q2FY2021 Q3 FY2021 9MFY2020 9MFY2021 5,187 3,728 3,443 13,801 10,746 2,790 2,543 2,152 7,556 6,135 728 430 528 1,915 1,445 1,669 754 763 4,329 3,166 EBITDA margin 32% 20% 22% 31% 29% Other Income 8 22 12 97 45 Interest & Finance Charges 1,017 1,015 992 3,082 2,956 Depreciation 306 304 303 907 909 PBT 354 (543) (519) 436 (654) Taxes 140 (135) (131) 2,803 (163) PAT 214 (409) (388) -2,367 (491) 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 42#44Annexure G : Kamalanga (Standalone) Power Plant GAR INR mn Particulars Total Revenue Fuel Consumption - Other Expenses EBITDA Q3 FY2020 Q2FY2021 Q3 FY2021 9MFY2020 9MFY2021 6,261 5,758 6,350 16,160 16,310 2,936 2,931 3,250 7,754 8,263 957 864 1,037 2,808 2,638 2,368 1,964 2,062 5,598 5,409 EBITDA margin 38% 34% 32% 35% 33% Other Income 40 409 (222) 263 571 Interest & Finance Charges 1,406 1,435 1,419 4,218 4,251 Depreciation 782 811 791 2,331 2,380 PBT 220 127 (369) (688) (652) Taxes (1) 0 (0) 0 PAT 220 126 (369) (688) (652) 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 43#45Annexure H : PT GEMS (Indonesian Coal Mine) CAR INR mn 9MFY2021 Particulars Q3 FY2020 Q2FY2021 Q3FY2021 9MFY2020 Production (mn tons) 8.1 8.1 7.4 20.7 23.9 Sales Volumes (mn tons) 7.4 8.1 7.6 20.8 24.6 Gross Revenue 18,897 19,334 15,678 53,310 58,148 Total Expenditure 17,091 16,890 14,067 47,183 50,325 EBITDA 1,805 2,443 1,611 6,127 7,823 EBITDA margin 10% 13% 10% 11% 13% Interest & Finance Charges (net) 143 181 137 463 428 Depreciation 327 303 263 690 842 PBT 1,335 1,960 1,211 4,974 6,553 Taxes 585 376 422 1,680 1,708 PAT 750 1,584 789 3,294 4,846 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 44#46Annexure I: Highway Business (Consolidated) CAR INR mn Gross Revenue Q3 FY2020 1,376 Q2FY2021 Q3FY2021 9MFY2020 9MFY2021 1,397 1,372 4,300 3,633 Less: Revenue Share Net Revenue Operating Expenses EBITDA 317 293 395 919 855 1,059 1,104 978 3,381 2,778 265 587 462 850 1,256 794 517 515 2,531 1,522 EBITDA margin 75% 47% 53% 75% 55% Other Income 36 76 16 235 123 Interest & Finance Charges 1,057 1,082 1,201 3,248 3,282 Depreciation 242 240 201 708 583 PBT (469) (730) (870) (1,190) (2,220) Taxes 5 89 3 83 107 Profit after Tax (PAT) (474) (819) (873) (1,273) (2,327) Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 45