Investor Presentaiton
Airports Business: Main Growth Engine
GAR
Rapidly growing
passenger
volumes
Large potential
for expansion
Significant
unregulated
commercial
revenue upside
Outstanding
Real Estate
opportunity
Positive
regulatory
momentum
Low penetration of flying (0.07 trips per capita vs. 0.3 in China)
• 3rd largest domestic aviation market in 2016; to become 3rd largest global aviation market by
2025
Government agenda to privatize airports opens up big pipeline for growth
Expansion plans in place to capitalize on evident growth opportunities
• DIAL to expand to 119 mn (rated capacity) from 66 mn, becoming one of the largest airports in
the world; Hyderabad can expand upto 80 mn (rated capacity)
Strong non-aero performance and significant potential to grow; Duty free SPP of ~USD 10/pax
in Delhi vs. USD -25/pax at Dubai/Bangkok
Continuous revamp of retail offerings to cater to evolving passenger profile of young and
aspirational travelers
• Plans to develop Delhi as a cargo hub
Marquee hospitality/retail development in ~127 acres at Delhi
Hyderabad Airport has one of the largest free unencumbered airport land banks - 1,463 acres
enabling development of both industrial (SEZs) and commercial formats
Comprehensive new aviation policy to strengthen growth in the Indian aviation market
Clarity on major regulatory issues, especially applicability of 30% "hybrid till" and
implementation of Base Airport Charges (BAC)
Favourable judgement from TDSAT (appellate tribunal) provides clarity on long pending issues
Humility | Entrepreneurship | Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual
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