1 - GMR
1 - GMR
1 - GMR
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>GMR</strong> INFRASTRUCTURE LTD.<br />
BUSINESS OVERVIEW<br />
February 2013
Presentation Flow<br />
Page No.<br />
Business Structure<br />
2<br />
Airports<br />
4<br />
Energy<br />
5<br />
Highways & Urban Infrastructure<br />
13<br />
Key Financial Summary<br />
17<br />
1
Business Structure<br />
Infrastructure<br />
EPC Division<br />
Airports<br />
• Delhi Airport (PAX Capa. 60 mn, FY12 Traffic 35.88 mn)<br />
• Hyderabad Airport (PAX Capa. 12 mn, FY12 Traffic 8.6 mn)<br />
• Istanbul Sabiha Gokçen Airport (PAX Capa. 25 mn, FY12 Traffic 13.82 mn)<br />
Energy<br />
• Generation Assets in Operation: 837 MW, 6 Assets<br />
• Generation Assets Under Construction: 4,938 MW, 5 Projects<br />
• Generation Asset (Coal based) Under Development: 1,320 MW, 1 Project<br />
• Generation Assets (Hydro) Under Development: 2,140 MW, 5 Projects<br />
Highways<br />
• Assets in Operation: 701 kms, 8 Assets<br />
• Assets under Construction: 29 km, 1 Project<br />
Urban<br />
Infrastructure<br />
• At Delhi Airport<br />
• 250 acres for Commercial Development<br />
• At Hyderabad Airport<br />
• 1,000 acres for Commercial Development<br />
• 250 acres Aviation SEZ<br />
• 250 acres Logistics SEZ<br />
• At Tamil Nadu (Krishnagiri)<br />
• Setting up Industrial Investment Region (IR) cluster of approx. 3000 acres<br />
• At Andhra Pradesh (Kakinada)<br />
• Multi Product Large Area Development in approx. 10000 acres<br />
2
Corporate Structure<br />
<strong>GMR</strong> Holdings Pvt. Ltd. and other<br />
Promoter Group Shareholders<br />
71.6%<br />
<strong>GMR</strong> Infrastructure Ltd. (GIL)<br />
98%* 100% 97%*<br />
<strong>GMR</strong> Energy Limited<br />
<strong>GMR</strong> Highways Ltd.<br />
<strong>GMR</strong> Airports Limited<br />
Operating Companies:<br />
•<strong>GMR</strong> Energy Ltd (100%)<br />
•<strong>GMR</strong> Power Corporation (51%)<br />
•Vemagiri Power Generation (100%)<br />
•<strong>GMR</strong> Renewable (100%)<br />
Assets under Construction:<br />
•<strong>GMR</strong> Rajahmundry Energy (100%)<br />
•<strong>GMR</strong> Kamalanga Energy (80%)<br />
•EMCO Energy Limited (100%)<br />
•<strong>GMR</strong> Chattisgarh Energy (100%)<br />
•<strong>GMR</strong> Energy (Singapore) (70%)<br />
Assets under Development:<br />
•SJK Powergen Ltd. (70%)<br />
•<strong>GMR</strong> Badrinath Hydro Power (100%)<br />
•Talong Hydro Power (100%)<br />
•Holi Bajoli Hydro Power (100%)<br />
•Himtal Hydro power Co. (80%)<br />
•<strong>GMR</strong> Upper Karnali (69%)<br />
* Balance with Employee Welfare Trust<br />
Operating Companies:<br />
•<strong>GMR</strong> Tambaram Tindivanam (100%)<br />
•<strong>GMR</strong> Tuni Anakapalli (100%)<br />
•<strong>GMR</strong> Pochanpalli (100%)<br />
•<strong>GMR</strong> Ambala Chandigarh (100%)<br />
•<strong>GMR</strong> Jadcherla (100%)<br />
•<strong>GMR</strong> Ulundurpet (100%)<br />
•<strong>GMR</strong> Hyderabad Vijayawada (90%)<br />
•<strong>GMR</strong> Hungund Hospet (51%)<br />
Assets under Construction:<br />
•Chennai Outer Ring Road (90%)<br />
Operating Companies:<br />
•<strong>GMR</strong> Hyderabad Intl. Airport (63%)<br />
•Delhi International Airport (54%)<br />
•Sabiha Gokçen Intl. Airport (40%)<br />
3
Airport Asset Details<br />
DIAL<br />
GHIAL<br />
SGIA<br />
Location<br />
New Delhi, India<br />
Hyderabad, AP, India<br />
Istanbul, Turkey<br />
<strong>GMR</strong> Ownership<br />
54%<br />
63%<br />
40%<br />
Annual Passenger Capacity<br />
60 mn<br />
12 mn<br />
25 mn<br />
Traffic in FY 2012<br />
35.88 mn Pax; 317,283 ATMs<br />
8.6 mn Pax; 99,658 ATMs<br />
13.82 mn Pax; 117,242 ATMs<br />
Total Capital Expenditure<br />
Rs.128 bn for Phase I<br />
($ 2,560 mn)<br />
Rs.29.2 bn for Phase I<br />
($ 584 mn)<br />
€ 451 mn<br />
($ 557 mn)<br />
Concession terms<br />
• 30 + 30 years concession<br />
• 46% revenue share<br />
• 250 acres Real Estate parcel<br />
• 30 + 30 years concession<br />
• 4% revenue share<br />
• 1,000 acres Real Estate parcel<br />
• 250 + 250 acres SEZ<br />
• ~22 years concession<br />
• €2.17 bn fee over concession period<br />
Awards and Recognition<br />
• SKYTRAX – World Airport award –<br />
World’s most improved airport in<br />
2012 & No. 1 airport in India<br />
• World’s 2 nd best airport in 25-40<br />
mppa category and 6th best overall<br />
(ASQ 2011)<br />
• SKYTRAX – World Airport award 2012 –<br />
3 rd best airport in India<br />
• Awarded ‘National Tourism Award<br />
2010-11’ under Best Airport category<br />
in India<br />
• World’s best airport in 5-15 mppa<br />
category and 7 th best overall (ASQ Q3<br />
2010)<br />
• Honoured with the “Best Cargo Airport<br />
& Best Cargo Terminal of the Year”<br />
awards, recently. The esteemed Air<br />
Cargo Agents Association of India<br />
(ACAAI), announced the awards during<br />
its 39th Annual Convention held at<br />
Istanbul on 22nd- 25th Nov, 2012<br />
• Selected as Best Airport in World Low<br />
Cost Airline Awards in 2010<br />
• Won Turkey’s Most Successful<br />
Tourism Investment award in 2010<br />
# Exchange Rate : 1USD = ` 50.00; # Exchange Rate : 1USD = € 0.81<br />
4
Energy Asset Details<br />
837MW in operation and 8,398MW under implementation<br />
Bajoli Holi<br />
(180MW / Hydro)<br />
Alaknanda<br />
(300MW / Hydro)<br />
Upper Marsyangdi<br />
(600MW / Hydro)<br />
Upper Karnali<br />
(900MW / Hydro)<br />
Maru Transmission<br />
Aravali Transmission<br />
SJK Powergen<br />
(1320MW / Coal)<br />
Talong<br />
(160MW / Hydro)<br />
Wind Project<br />
(2.1MW)<br />
<strong>GMR</strong> Energy<br />
Singapore Pte Ltd.<br />
(800MW)<br />
Solar Project<br />
(25MW)<br />
Kamalanga<br />
(1,400MW / Coal)<br />
Legends:<br />
Operational Assets<br />
Homeland Energy,<br />
South Africa<br />
(500 MT)<br />
Projects Under Construction<br />
Projects Under Development<br />
Coal Mines<br />
Transmission Projects<br />
PT Barasentosa<br />
Lestari, Indonesia (700<br />
MT)<br />
Golden Energy Mines,<br />
Indonesia (1.9 BT)<br />
Chhattisgarh<br />
(1,370MW / Coal)<br />
EMCO<br />
(600MW / Coal)<br />
Chennai<br />
(200MW / Diesel)<br />
Rampia Coal Mines (645<br />
MT)<br />
Vemagiri<br />
(388.5MW / Gas)<br />
Kakinada<br />
(220MW / Gas)<br />
Rajahmundry<br />
(768MW / Gas)<br />
Wind Project<br />
(1.25MW)<br />
5
Power assets portfolio summary<br />
Capacity by stage<br />
Capacity build-up<br />
Under<br />
development<br />
3,460<br />
37%<br />
Operational<br />
837<br />
9%<br />
9,235MW<br />
Under<br />
construction<br />
4,938<br />
53%<br />
MW<br />
10,000<br />
8,000<br />
6,000<br />
4,000<br />
2,000<br />
0<br />
1,660<br />
9,235<br />
480<br />
1,670<br />
1,453<br />
1,835<br />
1,300<br />
837<br />
Till date FY13 FY14 FY15 FY16 FY17 FY18 FY19 Total<br />
Capacity Capacity Addition<br />
Fuel type split 1<br />
MW<br />
12,000<br />
10,000<br />
8,000<br />
9,235<br />
2,177<br />
228<br />
6,000<br />
4,000<br />
4,938<br />
1,568<br />
3,460<br />
2,140<br />
2,000<br />
0<br />
837<br />
228<br />
609<br />
Operational<br />
3,370<br />
Under<br />
construction<br />
2,140<br />
Under<br />
development<br />
4,690<br />
Total<br />
Coal Hydro Natural Gas Others<br />
Notes:<br />
1. Others includes LSHS (200MW), solar (25MW) and wind energy (3.35MW) for the operational projects.<br />
6
808 MW of Operational Thermal Power Generation Capacity<br />
Tamil Nadu<br />
Andhra Pradesh<br />
Andhra Pradesh<br />
Location<br />
Chennai<br />
Kakinada<br />
Vemagiri<br />
<strong>GMR</strong> Ownership<br />
51%<br />
100%<br />
100%<br />
Capacity<br />
200 MW<br />
220 MW<br />
388 MW<br />
Fuel Type<br />
LSHS 1<br />
Natural Gas<br />
Natural Gas<br />
Commencement of<br />
Generation<br />
Feb1999<br />
Jul 2010 (post-conversion)<br />
Apr 2009<br />
Power Off-take<br />
100% Regulated Tariff<br />
- 15 yrs PPA till 2014 at<br />
68.5% PLF<br />
100% Merchant Tariff<br />
100% Regulated Tariff<br />
- 23 yrs PPA<br />
Further developments<br />
• Relocated the Barge to<br />
Kakinada in Apr 2010<br />
• Converted into Gas-fired<br />
Plant<br />
• Gas allocation received from<br />
KG Basin<br />
• Applied to APTRANSCO<br />
based on APREC order for<br />
recovery of additional fixed<br />
charges over PPA period<br />
1: Low Sulphur Heavy Stock<br />
7
28 MW of Renewable Energy Generation Capacity<br />
Gujarat<br />
Gujarat<br />
Tamil Nadu<br />
Location<br />
Patan<br />
Kutch<br />
Tirupur District<br />
<strong>GMR</strong> Ownership<br />
100%<br />
100%<br />
100%<br />
Capacity<br />
25 MW<br />
2.1 MW<br />
1.25 MW<br />
Fuel Type<br />
Solar Energy<br />
Wind Power<br />
Wind Power<br />
Commencement of<br />
Generation<br />
Dec 2011<br />
July 2011<br />
Dec 2011<br />
Power Off-take<br />
PPA with GUVNL 1 @<br />
Rs.15/kWh for 12 years and @<br />
Rs. 5/kWh for remaining period<br />
Sale to GUVNL under REC<br />
scheme of GERC<br />
Power sale to TANGEDCO 2 as<br />
per PPA terms<br />
1. GUVNL: Gujarat Urja Vikas Nigam Limited; 2: TANGEDCO: Tamilnadu Generation and Distribution Corporation Ltd.<br />
8
4,938 MW of Thermal Power Projects under Construction<br />
Andhra Pradesh Orissa Maharashtra Chhattisgarh Singapore<br />
Location Rajahmundry Kamalanga Warora (EMCO) Raipur Jurong Island, Singapore<br />
Group Ownership 100% 80% 100% 100% 70%<br />
Capacity 768 MW 1,400 MW 600 MW 1,370 MW 800 MW<br />
Estimated Capex<br />
Rs. 40,600 mn<br />
($ 812 mn)<br />
Rs. 81,558 mn<br />
($ 1,631.2 mn)<br />
Rs. 38,800 mn<br />
($ 776 mn)<br />
Rs. 82,900 mn<br />
($ 1,658 mn)<br />
SGD 1,171 mn<br />
($ 936.8 mn)<br />
Financial Closure Sep 2010 May 2009 (for 1,050 MW) Mar 2010 Dec 2010 Jul 2011<br />
Fuel Type Natural Gas Coal Coal Coal Natural Gas<br />
Fuel Arrangement<br />
Gas Allocation Expected<br />
Coal linkage & Captive<br />
Coal Mines<br />
Coal Linkages Secured<br />
Recommended for coal<br />
linkage by CEA/ Imported<br />
R-LNG contract with<br />
British Gas<br />
Expected CoD<br />
based on Gas availability<br />
Unit I - Apr 13; Unit II - Jul<br />
13; Unit III - Oct 13 and<br />
Unit IV - Apr 16<br />
Unit I - Mar 13; Unit II - Jul<br />
13<br />
Unit I - Oct 13; Unit II - Apr<br />
14<br />
December 13<br />
Power Off-take<br />
100% Merchant<br />
300 MW to HPGPL<br />
(Haryana)-Case 1 bid<br />
260 MW to BSEB<br />
(Bihar)- Case 1 bid<br />
350 MW to Orissa<br />
GRIDCO-Regulated<br />
200 MW to MSEDCL<br />
(Maharashtra)-Case 1<br />
bid<br />
200 MW to Dadra and<br />
Nagar Heveli- Case1<br />
Bid<br />
479.5 MW to<br />
CSPTRADCO<br />
(Chhattisgarh)-<br />
Regulated<br />
27% Vesting<br />
Retail and Hedge<br />
Spot sales in pool<br />
Milestones Achieved<br />
Unit 1 synchronized<br />
Land available at site<br />
Water available<br />
EPC contract - L&T<br />
BTG package - GE<br />
STG package - Alstom<br />
Land Acquired<br />
MOEF Clearance<br />
Obtained<br />
Water Allocated<br />
EPC Contract - SEPCO<br />
First unit successfully<br />
synchronized with the<br />
grid on Jan 27, 2012<br />
Land Acquired<br />
MOEF Clearance<br />
Obtained<br />
Water Allocated<br />
BTG supply contract<br />
awarded to SEC<br />
First unit successfully<br />
synchronized with the<br />
grid on Dec 10, 2012<br />
Land Acquired<br />
MOEF Clearance<br />
Obtained<br />
Water Allocated<br />
EPC contract for BTG<br />
awarded to Doosan<br />
Land acquired<br />
All major permits and<br />
approvals in place<br />
EPC - Siemens /<br />
Samsung<br />
BTG / STG - Siemens<br />
9<br />
# Exchange Rate : 1USD = ` 50.00; # Exchange Rate : 1USD = SGD 1.25
Diversification in Power (Transmission)<br />
Power Projects under Development<br />
Rajasthan<br />
Madhya Pradesh<br />
Location<br />
Maru<br />
Aravali<br />
Location<br />
Shahdol (SJK)<br />
Length<br />
265 km<br />
85 km<br />
Group Ownership<br />
70%<br />
Estimated Capex<br />
Rs. 2,233 mn ($ 44.66 mn)<br />
Rs. 1,306 mn ($ 26.12 mn)<br />
Capacity<br />
1,320 MW<br />
Expected COD<br />
Q4FY13<br />
Q4FY13<br />
Estimated Capex<br />
Rs. 78,000 mn ($ 1,560 mn)<br />
Configuration<br />
Two 400 KV S/C and one<br />
220 KV D/C transmission<br />
lines<br />
1 sub-station<br />
One 400 KV S/C<br />
transmission lines<br />
1 sub-station<br />
Fule Type<br />
Expected CoD<br />
Coal<br />
FY 2017<br />
Milestones Achieved<br />
Possession of land (61<br />
acres) completed<br />
Transmission Service<br />
Agreement completed<br />
EPC contract awarded to<br />
L&T<br />
Possession of land (46<br />
acres) completed<br />
Transmission Service<br />
Agreement completed<br />
EPC contract awarded to<br />
L&T<br />
Milestones Achieved<br />
Acquiring Land<br />
Water Allocated<br />
LOI issued to Doosan for<br />
EPC<br />
Connectivity granted to<br />
Jabalpur pooling station<br />
Received Transmission<br />
License<br />
Received Transmission<br />
License<br />
# Exchange Rate : 1USD = ` 50.00<br />
10
2,140 MW of Hydro Power Projects under Development<br />
Location Badrinath Talong Bajoli Holi Upper Karnali Upper Marsyangdi<br />
Uttaranchal Arunachal Pradesh Himachal Pradesh Nepal<br />
Group Ownership 100% 88% 100% 69% 80%<br />
Capacity 300 MW 160 MW 180 MW 900 MW 600 MW<br />
Concession Period<br />
45 years from<br />
Implementation<br />
Agreement<br />
13% free power to State<br />
40 years from CoD<br />
14% power to be<br />
supplied as royalty<br />
40 years from CoD<br />
Rs. 820 mn premium<br />
paid to the Government<br />
Royalty power for<br />
• Year 1-12: 12%<br />
• Year 13-30: 18%<br />
• Year > 30: 30%<br />
30 years from<br />
Generation License<br />
12% free power to<br />
NEA<br />
Free equity of 27%<br />
to GoN<br />
30 years from<br />
Generation License<br />
Expected CoD FY 2018 FY 2019 FY 2018 FY 2019 FY 2019<br />
Milestones<br />
DPR approved by CEA<br />
Environmental<br />
Clearance obtained;<br />
Stage I - Forest<br />
Clearance obtained:<br />
Stage II – Under<br />
progress<br />
Land acquisition in<br />
process<br />
CDM: Under validation<br />
Environment Study<br />
Approved by MOEF<br />
TOR approved for<br />
higher capacity<br />
DPR submitted to CEA<br />
for Approval<br />
Plan to apply for CDM<br />
Benefits<br />
DPR approved by CEA<br />
Environmental Clearance<br />
obtained; Stage I - Forest<br />
Clearance obtained:<br />
Stage II – Clearance<br />
obtained<br />
CDM: PDD under<br />
preparation<br />
Approval from GoN<br />
obtained for capacity<br />
enhancement<br />
Survey License<br />
received<br />
Power to be<br />
exported to India<br />
CDM application<br />
under progress<br />
PDA under<br />
negotiation with<br />
GON<br />
Received consent<br />
letter from MEA for<br />
import of power from<br />
Nepal<br />
Approval from GoN<br />
obtained for capacity<br />
enhancement<br />
Survey license<br />
received<br />
CDM application<br />
under progress<br />
Power to be exported<br />
to India<br />
PDA under negotiation<br />
with GON<br />
Received consent<br />
letter from MEA for<br />
import of power from<br />
Nepal<br />
Plans to have short-term PPAs with states in Northern India<br />
11
Fuel security: Coal mining asset overview<br />
Fuel sources<br />
Rampia Mine Block and Dip side of Rampia,<br />
Orissa<br />
• Blocks jointly allocated to six companies: <strong>GMR</strong>,<br />
Lanco, Reliance, Navbharat, Arcelor Mittal &<br />
Vedanta<br />
• Location: Dist. Sundergarh, Odisha<br />
• Area of the block: 12 sq. km.<br />
• Estimated reserves: 645 mn tons<br />
• Expected to receive the Prospecting License by<br />
end of FY13<br />
• The production will start in 43 months after<br />
getting the prospecting license<br />
Kendal Mines and Eloff Mines, South Africa<br />
• 55.84% stake in Homeland Energy Group,<br />
Canada<br />
Coal mines in South Africa<br />
<strong>GMR</strong>‟s Board representation & strong rights<br />
• Coal resources: 350 mn<br />
25 mn tons coal resource in Kendal, an<br />
operational opencast coal mine producing 1.2<br />
mtpa<br />
325 mn tons coal resource in Eloff, an<br />
opencast mine under development<br />
Rampia and<br />
DIP side of<br />
Rampia<br />
Golden Energy Mines, Indonesia<br />
• Acquired 30% stake in in PT Golden Energy Mines TbK<br />
(“GEMS”), a Sinar Mas Group company in Indonesia for<br />
US$500mn<br />
• <strong>GMR</strong> has effective management and board<br />
participation at PT Golden Energy level<br />
• Coal reserves: 860 mn tons<br />
• Coal resources: 1.9 bn tons<br />
• <strong>GMR</strong> would get coal for a period of 25 years with<br />
annual quantity gradually increasing from 1 mtpa in the<br />
1st year to 10 mtpa in the 7th year<br />
• Conditional SPA entered with United Fiber System<br />
(UFS), a listed entity in Singapore, for swapping PT<br />
GEMs shares into UFS shares.<br />
PT Barasentosa Lestari, Indonesia<br />
• Acquired PT Barasentosa Lestari in Sep 08 having coal<br />
mine in South Sumatra Province<br />
• 700 mn tons coal resources in ~25,000 hectares<br />
Out of which Coal reserves of 104 mn tons<br />
identified in 5,500 Hectares<br />
• Coal production expected to commence by FY13<br />
Trial production commenced in Nov 2011<br />
Gradual increase in production expected from 1<br />
mtpa to 5 mtpa over 3 years<br />
• Plan to export coal<br />
Less than 10kms by road to barge loading facility<br />
300kms by barge to trans-shipment point<br />
12
Highways Asset Details<br />
701 kms in Operation and 29 kms Under Implementation<br />
Chandigarh-Ambala Highway<br />
(GACEPL)<br />
Adloor-Gundla Pochanpalli<br />
Highway (GPEPL)<br />
Tuni-Anakapalli Highway<br />
(GTAEPL)<br />
Farukhnagar-Jadcherla Highway<br />
(GJEPL)<br />
Hyderabad<br />
Hyderabad-Vijaywada<br />
Highway (GHVEPL)<br />
Hungund-Hospet Highway<br />
(GHHEPL)<br />
Tambaram-Tindivanam<br />
Highway (GTTEPL)<br />
Chennai Outer Ring (GCORRP)<br />
Tindivanam-Ulunderpet<br />
Highway (GTUEPL)<br />
Legends:<br />
Operational Projects<br />
Projects Under Construction<br />
13
Highways<br />
Operational Annuity Projects<br />
Project Name<br />
GTAEPL<br />
GTTEPL<br />
GPEPL<br />
Location Tuni - Anakapalli Tambaram -Tindivanam Pochanpalli<br />
Group Ownership 100% 100% 100%<br />
Road Length 59 kms 93 kms 103 kms<br />
Project Cost<br />
(Rs. mn)<br />
2,950<br />
($ 59 mn)<br />
3,620<br />
($ 72.4 mn)<br />
7,043<br />
($ 140.86 mn)<br />
Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes<br />
CoD Dec 2004 Oct 2004 Mar 2009<br />
Concession Period 17.5 years from Jun 02 17.5 years from Jun 02 20 years from Sep 06<br />
# Exchange Rate : 1USD = ` 50.00<br />
14
Highways<br />
Operational Toll Projects<br />
Project Name<br />
GACEPL<br />
GJEPL<br />
GUEPL<br />
GHVEPL<br />
GHHEPL<br />
Location<br />
Ambala -Chandigarh<br />
Faruknagar -<br />
Jadcherla<br />
Tindivanam -<br />
Ulundurpet<br />
Hyderabad -<br />
Vijaywada<br />
Hungund - Hospet<br />
Group Ownership 100% 100% 100% 90% 51%<br />
Road Length 35 kms 58 kms 73 kms 181 kms 99 kms<br />
Project Cost<br />
(Rs. mn)<br />
4,993<br />
($ 99.86 mn)<br />
5,155<br />
($ 103.1 mn)<br />
8,817<br />
($ 176.34 mn)<br />
21,934<br />
($ 438.68 mn)<br />
16,509<br />
($ 330.18 mn)<br />
Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 / 6 lanes 2 to 4 lanes<br />
CoD Nov 2008 Feb 2009 Jul 2009 December 2012<br />
November 2012<br />
(Partial)* / March<br />
2013<br />
Concession Period<br />
20 years from May<br />
06<br />
20 years from Aug 06<br />
20 years from Oct<br />
06<br />
25 years from Apr<br />
10<br />
19 years from Sep<br />
10<br />
* 2 out of 3 Toll Plazas are operational<br />
# Exchange Rate : 1USD = ` 50.00<br />
15
Highways<br />
Under Construction<br />
Project Name<br />
GCORRPL<br />
Location<br />
Chennai Outer Ring Road<br />
Group Ownership 90%<br />
Road Length<br />
29 kms<br />
Project Cost<br />
(Rs. mn)<br />
11,988<br />
($ 240 mn)<br />
Scope of Work<br />
6 lanes &<br />
2 Service Lanes<br />
CoD FY 2014<br />
Concession Period 20 years from Jun 10<br />
Concession Type<br />
Annuity<br />
# Exchange Rate : 1USD = ` 50.00<br />
16
Consolidated Financial Performance<br />
1<br />
Gross Revenues (INR mn)<br />
1<br />
Gross Revenues (USD mn)<br />
CAGR: 34%<br />
CAGR: 34%<br />
84,730<br />
1695<br />
64,653<br />
1293<br />
44,762<br />
51,234<br />
895<br />
1025<br />
19,967<br />
26,979<br />
399<br />
540<br />
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12<br />
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12<br />
2<br />
EBITDA & Margins (INR mn)<br />
2<br />
EBITDA & Margins (USD mn)<br />
EBITDA<br />
Margin<br />
32%<br />
26%<br />
EBITDA<br />
27% 30% 27% 23%<br />
32% 26%<br />
Margin<br />
CAGR: 26%<br />
17,582<br />
15,555<br />
13,643<br />
27% 30% 27% 23%<br />
CAGR: 26%<br />
352<br />
311<br />
273<br />
10,670<br />
213<br />
5,436 5,985<br />
109 120<br />
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12<br />
# Exchange Rate : 1USD = ` 50.00<br />
FY 07 FY 08 FY 09 FY 10 FY 11 FY 12<br />
17
Appendix
Delhi Airport<br />
Consortium Partners in DIAL<br />
Concession Overview<br />
Concession Date Apr 2006<br />
Concession Period<br />
Revenue Share<br />
<strong>GMR</strong> Infrastructure 54%<br />
Airport Authority of India 26%<br />
Malaysia Airports 10%<br />
Fraport 10%<br />
Financing Plan (Phase-I) (Rs. mn)<br />
25000<br />
Equity #<br />
14840<br />
ADF<br />
Collected till<br />
01/06/2011<br />
19312<br />
Additional<br />
ADF Stage 1<br />
& 2^<br />
30 + 30 years<br />
46% of revenue<br />
14715<br />
Interest Free<br />
Deposits<br />
52660<br />
Loans from<br />
Fis/Banks<br />
126527<br />
Total Project<br />
Cost @<br />
# includes Rs.1500 mn upfront fee excluded from capex as per AERA order no. 28/2011-12<br />
^ As approved by AERA vide order no. 28/2011-12<br />
@ as approved by AERA, plus upfront fee<br />
Development Roadmap<br />
Current<br />
Completion Date 2010<br />
Proposed<br />
PAX Capacity (mn) 60 100<br />
Cargo Cap (mn tons) 0.5 3.6<br />
Runways 3 4<br />
PTB Area (mn sq. ft) 5.4 17.2<br />
• Phase-IA completed in Feb 2009<br />
• Phase-IB completed in Mar 2010<br />
• Handled 35.88 mn PAX (2011-12)<br />
• Handled 0.50 mn tons of Cargo (2011-12)<br />
Phase-IA: Modernization of<br />
Existing Terminals (T1 & T2)<br />
Land Side Facilities<br />
• Domestic Departure & Arrival<br />
Terminals refurbished in Dec 08<br />
• International Terminal (T2)<br />
refurbished in Jun 08<br />
• New Domestic Departure Terminal<br />
(T1D) started in Apr 2009<br />
Air Side Facilities<br />
• Runway of 4,430 m & parallel<br />
Taxiway<br />
Terminal 3<br />
Phase-IB: Development of New<br />
Integrated Terminal (T3)<br />
Land Side Facilities<br />
• 168 Check-in Counters<br />
• 49 Outbound and 46 Inbound<br />
Immigration counters<br />
• 92 Walklators, 31 Escalators,<br />
• 63 Lifts, 141 Washrooms<br />
• Multilevel Car Park Facility for 4,300<br />
cars & Surface Parking 2,300 cars<br />
Air Side Facilities<br />
• 78 Aerobridge<br />
• 48 Contact & 9 Remote Parking<br />
Stands<br />
19
Delhi Airport: Annual Operational Performance<br />
1<br />
Passenger Traffic (in millions)<br />
2<br />
Air Traffic Movements (ATMs in „000s)<br />
7.8<br />
8.3<br />
9.3<br />
10.8<br />
59.5<br />
63.4<br />
74.8<br />
76.9<br />
15.1<br />
17.8<br />
20.7<br />
25.1<br />
157.9<br />
185.8 201.2<br />
240.4<br />
FY 09 FY 10 FY11 FY12<br />
FY 09 FY 10 FY11 FY12<br />
3<br />
Cargo handled (in „000s of Tonnes)<br />
4<br />
Revenue growth (in Rs millions)<br />
Aero<br />
Non-aero<br />
287.2<br />
334.5 390.9 367.6<br />
6,055<br />
7,311<br />
7,784<br />
10,097<br />
109.9<br />
165.0 136.0 135.2<br />
3,420 4,221 4,648 4,829<br />
FY 09 FY 10 FY11 FY12<br />
FY 09 FY 10 FY11 FY12<br />
Domestic International includes non billable domestic cargo. Non aero revenue also includes cargo and CPD income<br />
20
Delhi Airport: 250 Acres of Property Development<br />
250 Acres of Aerotropolis Development Aerotropolis Phase - I : 45 Acres of Hospitality District<br />
NH 8<br />
45 Acres Divided into<br />
Core Airport<br />
infrastructure<br />
Majority of<br />
Land Bank<br />
• 14 Asset Areas (Asset<br />
Area 5 divided as 5A/5B)<br />
• Total GBA (FSI) = 6.12 msf<br />
• Hospitality = 11 assets<br />
(5.04 msf)<br />
• Commercial = 3 assets<br />
(1.08 msf)<br />
*LP = Land Parcel<br />
Gurgaon<br />
• Commercial development at airport envisages development<br />
of an alternate commercial hub, right in the heart of NCR.<br />
• Master plan by YRM & PF<br />
• Location lends dual advantage of central location with<br />
effective connectivity & proximity to demand<br />
• Hospitality District, the first phase of development,<br />
constitutes of hospitality and commercial assets.<br />
• Awarded development rights for 14 asset areas through<br />
competitive bidding<br />
• Total area: 45.08 acres (Developable Area of 6.12 msf)<br />
• Bids awarded to Accor, InterGlobe Hotels, Juniper Hotels,<br />
Aria Hotels, Lemon Tree, Bird Group, DB Hospitality, Blue<br />
Coast Hotels, Pride Hotels, Sweta Estates, Bharti Realty<br />
• Development at site in full swing<br />
21
Hyderabad Airport<br />
Concession Effective from April 2008<br />
Concession Period<br />
Revenue Share<br />
Consortium Partners in GHIAL*<br />
<strong>GMR</strong> Infrastructure 63%<br />
Airport Authority of India 13%<br />
Govt. of Andhra Pradesh 13%<br />
Malaysia Airports 11%<br />
Concession Overview<br />
30 + 30 years<br />
4% of revenue<br />
(deferred till 11 th year)<br />
Financing Plan (Phase-I) (Rs. mn)<br />
* GHIAL: <strong>GMR</strong> Hyderabad International Airports Ltd<br />
Development Roadmap<br />
Current Proposed<br />
PAX Capacity (mn) 12 40<br />
Cargo Cap (mn tons) 0.10 0.45<br />
Runways 1 2<br />
PTB Area (mn sq. ft) 1.17 3.90<br />
• Phase-I operationalized in Mar 2008<br />
• Currently handling 8.60 mn PAX pa<br />
• Currently handling 0.81 mn tons of Cargo<br />
Project Features<br />
Air Side Facilities<br />
• Runway (4,260 m) with Parallel Taxiway<br />
• 30 Remote Parking Stands<br />
• Facility of 12 Aerobridges<br />
• 5 Cargo Parking Stands<br />
Land Side Facilities<br />
• 146 Check-in Counters<br />
• 46 Immigration Counters<br />
• 3 nos. 90 m & 1 no. 70 m Baggage Carousels<br />
• Car Park Facility for 3,500 cars<br />
Terminal Building<br />
22
Hyderabad Airport: Annual Operational Performance<br />
1<br />
Passenger Traffic (in millions)<br />
2<br />
Air Traffic Movements (ATMs) in „000<br />
1.69<br />
1.88<br />
1.9<br />
13.56 13.82<br />
14.11<br />
4.80<br />
5.75<br />
6.7<br />
66.90 69.47<br />
85.55<br />
FY 10 FY11 FY12<br />
FY 10 FY11 FY12<br />
3<br />
Cargo handled (in „000 Tons)<br />
4<br />
Revenue growth (in Rs millions)<br />
Aero<br />
Non-aero<br />
37.12<br />
44.39 47.00<br />
2,012<br />
2,197<br />
2,488<br />
29.35<br />
36.39 34.47<br />
2,199<br />
2,969<br />
3,503<br />
FY 10 FY11 FY12<br />
FY 10 FY11 FY12<br />
Domestic<br />
International<br />
23
Hyderabad Airport: 1,500 Acres of Property Development<br />
Development of Aviation and Logistics SEZs in 500 acres<br />
250 acres of Aviation SEZ<br />
• MRO over 25 Acres (JV with Malaysian Aerospace)<br />
• 4 bays (2 narrow body,1 wide body,1 paint bay)<br />
• Operations commenced in Nov 2011<br />
• Training Centre with CFM International (Aircraft Engine Manufacturer)<br />
operational<br />
• Plan to develop a world-class Aerospace Park which would include:<br />
• Airframe & Engine MROs, manufacturing of components and subsystems,<br />
Design, Engineering and Technical Support services<br />
• Advantages of clustering several Aviation Industry segments<br />
• Availability of knowledgeable and experienced workforce, service<br />
customisation and synergy from sharing of resources<br />
250 acres of Logistics SEZ<br />
• Planned as Cargo Trans-shipment Hub<br />
• Districon appointed for a feasibility study for establishing<br />
• Freight Distribution Centre<br />
• Perishable Cargo Centre<br />
• Express Cargo Facilities<br />
Creating a theme-based, anchor-led mixed-use Airport City in 1,000 acres (Phase-I: 275 acres)<br />
Healthport<br />
(~25 Acres)<br />
Commercial<br />
District (~ 75 Acres)<br />
Funport<br />
(~145 Acres)<br />
• Multi-Specialty Hospital focused on medical tourism as the anchor<br />
• Research, Clinical Trial, Medical education and Training facilities<br />
• Convention Centre cum Exhibition Facility as the anchor<br />
• Office Space, Hotels, Restaurants & supporting Retail facilities<br />
• Amusement Park with Destination Retail and Multi Purpose Arena as the anchor<br />
Eduport<br />
(~40 Acres)<br />
• International Business Institution and an International School as anchors, supporting Retail and Sports Facility<br />
• Agreement signed with Schulich Business School, York University, Canada for establishing <strong>GMR</strong> Campus of Schulich<br />
Business School<br />
• Superior connectivity with city centre (45 minutes) and HiTech City (30 minutes), Metro lines planned<br />
24
Istanbul Sabiha Gokçen International Airport<br />
Consortium Partners in ISGIA*<br />
<strong>GMR</strong> Infrastructure 40%<br />
Limak 40%<br />
Malaysia Airports 20%<br />
Very strong annual traffic growth<br />
• FY 2012 traffic was<br />
13.82 mn PAX (13%<br />
higher than FY11)<br />
Concession Overview<br />
Concession Date May 2008<br />
Concession<br />
Period<br />
Concession fees<br />
Financing Plan (Euro mn)<br />
20 years (extended by additional<br />
1 year and 300 days)<br />
€1.93bn over the concession<br />
period. First payment in 2011<br />
Airport Capacity<br />
Previous<br />
Current<br />
PAX Capacity 5 mn 25 mn<br />
Cargo Capacity - 145,000 tons<br />
PTB Area (sq. m) 25,600 210,000<br />
* ISGIA: Istanbul Sabiha Gokçen International Airport Ltd<br />
Project Features<br />
Air Side facilities<br />
• Runway with 45 m (width) and 3,000 m (length)<br />
• Parallel Taxiway 2 Rapid Exit Taxiways (RET) – 45 m (width)<br />
• Apron Parking capacity for 48 planes<br />
• Cargo Terminal of 8,200 sq. m<br />
25
SGIA: Annual Operational Performance<br />
1<br />
Passenger Traffic (in millions)<br />
2<br />
Air Traffic Movements (ATMs) in „000<br />
4.18<br />
4.6<br />
43.50<br />
43.50<br />
2.42<br />
26.35<br />
5.31<br />
8.06<br />
9.22<br />
44.45<br />
68.35 74.09<br />
FY 10 FY11 FY12<br />
FY 10 FY11 FY12<br />
3<br />
Fuel Farm Operations (in „000s of Tonnes)<br />
4<br />
Revenue growth* (in Rs millions)<br />
Aero Non-aero Fuel (net)<br />
241<br />
109.58<br />
152.70<br />
137.27<br />
186<br />
281<br />
1,056<br />
1,218<br />
81.16<br />
104.23<br />
65.13<br />
562<br />
607<br />
1,012<br />
1,290<br />
FY 10 FY11 FY12<br />
FY 10 FY11 FY12<br />
Domestic<br />
International<br />
* Figures correspond to 40% stake in ISGIA<br />
26
Thank You<br />
For further information, please visit<br />
Website: www.gmrgroup.in