Investor Presentaiton
Key Developments - Airports
Value Unlocking of
Airport Subsidiary
i.e. GMR Airport Ltd.
Signed Binding Term Sheet with Investors
Tata Sons, GIC Infra Holdings and SSG Capital for proposed equity investment of INR 80 bn
Secondary Sale - INR 70 bn and Primary Sale - INR 10 bn
GAR
Real Estate
Monetisation
Second phase of Real Estate monetization at DIAL
Commercial Development Rights awarded to consortium led by Bharti realty for ~10 mn sq
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For 1st phase (~5 mn sq ft) – upfront payment of INR 18.4 bn plus Annual Lease Rent of INR 3.64 bn p.a.
till 2036 to be escalated by 50% for the extended term of 30 years till 2066
Growth in Airports
Capacity Expansion underway at Delhi and Hyderabad Airport
Aero Revenue visibility at Delhi Airport
Base Airport Charges (BAC) implemented from December 2018
Award of New Airports
Nagpur: Received Letter of Award at a revenue share of 14.49% of gross revenues
Bhogapuram (Vizag): Emerged as the highest bidder to develop, operate, manage the new airport
Crete (Greece): GMR TERNA JV signs concession agreement for development and operation
Fund raise
Delhi Airport - Recently raised 10 year bonds amounting to USD 350 mn priced at 6.45% p.a.
Hyderabad Airport - Raised 5 year Bonds amounting to USD 300 mn priced at 5.375% p.a.
Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual
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