Airport and Energy Business Overview
How Conditions Created by Covid were Handled?
GAR
1. Focus on safety and welfare of employees
2. Liquidity raising and preservation
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Raising bonds in Hyderabad (GHIAL) & Delhi Airports (DIAL) - USD 750 mn¹
• Refinancing of bonds at GMR Airports Ltd --USD 415 mn²
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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
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Shutting down of certain terminals due to low traffic
Postponement in operational capex
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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
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