Pitchbook US template - GMR

GMR INFRASTRUCTURE LTD.
BUSINESS OVERVIEW
November 2011

Presentation Flow
Page No.
Business Structure
2
Airports
4
Energy
5
Highways & Urban Infrastructure
11
Key Financial Summary
13
1

Business Structure
EPC Division
Infrastructure
• Delhi Airport (PAX Capa. 60 mn, FY11 Traffic ~ 29.9 mn)
Airports
• Hyderabad Airport (PAX Capa. 12 mn, FY11 Traffic ~ 7.6 mn)
• Istanbul Sabiha Gokçen Airport (PAX Capa. 25 mn, FY11 Traffic ~ 12.2 mn)
• Malé Airport (FY11 PAX Traffic ~ 2.5 mn)
Energy
• Assets in Operation: 810 MW, 4 Projects
• Assets under Development: 7,103 MW, 11 Projects
• Assets in Operation: 421 kms, 6 Projects
Highways
• Assets under Development: 309 km, 3 Projects
• Recently awarded 555 km Ahmedabad – Udaipur – Kishangarh project
• At Delhi Airport
• 250 acres for Commercial Development
Urban
Infrastructure
• At Hyderabad Airport
• 1,000 acres for Commercial Development
• 250 acres Aviation SEZ
• 250 acres Logistics SEZ
• In Tamil Nadu
• 3,300 acres Multi-product SEZ
2

Corporate Structure
GMR Holdings Pvt. Ltd.
71.42%
GMR Infrastructure Ltd. (GIL)
98%* 100% 100%
GMR Energy Limited
GMR Highways Holding
Pvt. Ltd.
GMR Airports Holding
Limited
Operating Companies:
•GMR Energy Ltd (100%)
•GMR Power Corporation(51%)
•Vemagiri Power Generation(100%)
Assets under development:
•GMR Badrinath Hydro Power(100%)
•GMR Kamalanga Energy (80%)
•GMR Chattisgarh Energy (100%)
•EMCO Energy Limited (100%)
•GMR Rajahmundry Energy (100%)
•Talong Hydro Power (100%)
•Holi Bajoli Hydro Power (100%)
•Himtal Hydro power Co. (80%)
•GMR Upper Karnali (73%)
•GMR Coastal Energy (100%)
•GMR Energy (Singapore ) (100%)^
* 2% with Employee Trust
^ 30% stake sale to Petronas proposed
Operating Companies:
•GMR Tambaram Tindivanam (61%)
•GMR Tuni Anakapalli (61%)
•GMR Pochanpalli (100%)
•GMR Ambala Chandigarh (100%)
•GMR Jadcherla (100%)
•GMR Ulundurpet (100%)
Assets under development:
•GMR Hyderabad Vijayawada (74%)
•Chennai Outer Ring Road (90%)
•Hungund-Hospeth (51%)
Operating Companies:
•GMR Hyderabad Intl. Airport (63%)
•Delhi International Airport (54%)
•Sabiha Gokçen Intl. Airport (40%)
Operating cum Development
Companies :
•GMR Malé International Airport
3

Airport Asset Details
DIAL
GHIAL
SGIA
MIA
Location
New Delhi, India
Hyderabad, AP, India
Istanbul, Turkey
Malé, Maldives
GMR Ownership
54%
63%
40%
77%
Annual Passenger
Capacity
60 mn
12 mn
25 mn
5.2 mn*
Traffic in FY 2011
29.9 mn Pax; 275,975
ATMs
7.6 mn Pax; 83,292 ATMs
12.2 mn Pax; 111,848
ATMs
2.49 mn Pax; 81,024
ATMs
Total Capital
Expenditure
Rs.128 bn for Phase I
Rs.29.2 bn for Phase I
€451 mn
$511 mn
Concession terms
• 30 + 30 years
concession
• 46% revenue share
• 250 acres Real Estate
parcel
• 30 + 30 years
concession
• 4% revenue share
• 1,000 acres Real Estate
parcel
• 250 + 250 acres SEZ
• ~22 years concession
• €1.93 bn fee over
concession period
• ~25 years concession
• $78 mn upfront
concession fee; $1.5 mn
annual fee
Awards and
Recognition
• World’s 3 rd best airport
in 25-40 mppa category
and 6th best overall
(ASQ Q3 2010)
• ASQ ranking of 4th best
globally in 2009 in 15-25
mppa category
• British Construction
Industry Award for Best
International Project for
2010
• World’s best airport in 5-
15 mppa category and
7 th best overall (ASQ Q3
2010)
• ASQ ranking of best
airport globally in 2009
in 5-15 mppa category
• Selected as Best Airport
in World Low Cost
Airline Awards in 2010
• Won Turkey’s Most
Successful Tourism
Investment award in
2010
Operational
Recently taken over
* Proposed capacity ( Current capacity 2.5 mn) Pax
4

Energy Asset Details
Balanced
fuel mix
• Good portfolio of coal, gas & liquid
fuel and hydro projects
7,913 MW of power projects spread across the country
Portfolio approach
to revenue mix
• Healthy mix of Merchant and PPA
based projects
Bajoli Holi
Alaknanda
Ensuring fuel
security
Diversification into
related areas
Project Pipeline in India (MW)
• Acquisition of Coal Mines
(Indonesia and South Africa)
• Power Trading and Transmission
• 27.1 MW in Renewable Energy
Kutch
Patan
Upper Karnali
Chattisgarh
Emco Energy
Upper Marsyangdi
Orissa
Kakinada
Talong
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
1,840 7,913
1,370
300
2,800
795
808
2011 2012 2013 2014 2015 2016 Ultimate
Financial Year
Capacity
Operational Assets
3 Projects
(810 MW)
Vemagiri
Expansion
Chennai
Vemagiri
Singapore
Projects under Construction / Development
11 Projects
(7,113 MW)
5

808 MW of Operational Thermal Power Generation Capacity
Tamil Nadu
Andhra Pradesh
Andhra Pradesh
Location
Chennai
Kakinada
Vemagiri
GMR Ownership
51%
100%
100%
Capacity
200 MW
220 MW
388 MW
Fuel Type
LSHS 1
Natural Gas
Natural Gas
Commencement of
Generation
Feb1999
Jul 2010 (post-conversion)
Dec 2008
Power Off-take
100% Regulated Tariff
- 15 yrs PPA till 2014 at
68.5% PLF
100% Merchant Tariff
100% Regulated Tariff
- 23 yrs PPA
Further developments
• Relocated the Barge to
Kakinada in Apr 2010
• Converted into Gas-fired
Plant
• Gas allocation received from
KG Basin
• Applied to APTRANSCO
based on APREC order for
recovery of additional fixed
charges over PPA period
1: Low Sulphur Heavy Stock
6

4,938 MW of Thermal Power Projects under Development
Andhra Pradesh Orissa Maharashtra Chhattisgarh Singapore
Location Vemagiri (Expansion) Kamalanga Varora (EMCO) Raipur Jurong Island, Singapore
Group Ownership 100% 80% 100% 100%
100% (30% stake sale
proposed)
Capacity 768 MW 1,400 MW 600 MW 1,370 MW 800 MW
Estimated Capex Rs. 32,500 mn Rs. 60,400 mn Rs. 34,800 mn Rs. 82,900 mn SGD 1,175 mn
Financial Closure Sep 2010 May 2009 Mar 2010 Dec 2010 Jul 2011
Fuel Type Natural Gas Coal Coal Coal Natural Gas
Fuel Arrangement Gas Allocation Expected Captive Coal Mines Coal Linkages Secured
Recommended for coal
linkage by CEA/ Imported
R-LNG contract with
British Gas
Expected CoD FY 2012 FY 2013 FY 2013 FY 2014 FY 2014
Power Off-take
40% LT PPA
60% Merchant
19% Regulated
47% LT PPA*
34% Merchant
36% LT PPA #
64% Merchant
30% Regulated
25% LT PPA
45% Merchant
27% Vesting
Retail and Hedge
Spot sales in pool
Milestones Achieved
Land available at site
Water available
EPC contract - L&T
BTG package – GE
STG package –Alstom
Land Acquired
MOEF Clearance
Obtained
Water Allocated
EPC Contract –
SEPCO
Construction started
Land Acquired
Ph I MOEF Clearance
Obtained
Water Allocated
BTG supply contract
awarded to SEC
Construction started
Land Acquired
MOEF Clearance
Obtained
Water Allocated
EPC contract for BTG
awarded to Doosan
Land acquired
All major permits and
approvals in place
EPC – Siemens /
Samsung
BTG / STG – Siemens
Construction started
* Sale of 300 MW to Haryana under Case I bidding
# Sale of 200 MW to Maharashtra under Case I bidding
7

Diversification in Power Sector
Power transmission
Renewable energy
■ Two Transmission projects of 349 km length
in Rajasthan
■ Bids awarded by Rajasthan Rajya Vidyut Prasaran
Nigam Ltd. (RRVPNL) – October 2010
■ BOOM concessions for 25 years
■ 264 km Bikaner – Deedwana – Ajmer – Sujangarh
400 kV transmission line at total cost of Rs.2.23 bn
■ 85 km Hinduan – Alwar 400 kV transmission line at
total cost of Rs.1.3 bn
■ Power substations at Alwar and Deedwana
■ Single stage bid for annual tariff with escalable and
non-escalable components
■ Long-term customers: Jaipur, Jodhpur and Ajmer
DISCOMs
■ Financial closure expected shortly
■ 25 MW Solar power project in Patan, Gujarat
■ PPA with GUVNL @ Rs.15/kWh for 12 years and
Rs.5/kWh for balance life
■ Total Capex Rs.4.13 bn
■ Financial closure achieved in June 2011
■ Commissioning in 2011
■ Entry into Wind power generation
■ 2.1 MW turbine commissioned in Kutch, Gujarat in
2011
■ Power sale to GUVNL under REC scheme of GERC
■ Project has started generating RECs
8

2,140 MW of Hydro Power Projects under Development
Uttaranchal Arunachal Pradesh Himachal Pradesh Nepal
Location Badrinat Talong Bajoli Holi Upper Karnali Upper Marsyangdi
Group Ownership 100% 88% 100% 51% 80%
Capacity 300 MW 160 MW 180 MW 900 MW 600 MW
Concession Period
45 years from
Implementation
Agreement
40 years from CoD
14% power to be
supplied as royalty
40 years from CoD
Rs. 820 mn premium
paid to the Government
Royalty power for
• Year 1-12: 12%
30 years from
Generation License
12% free power to
NEA
30 years from
Generation License
• Year 13-30: 18%
• Year > 30: 30%
Expected CoD Mar 2015 2016 Jun 2016 2015 2016
Milestones
DPR approved by CEA
Environmental
Clearance obtained,
Forest clearance in
progress
Land acquisition in
process
EPC awarded to HCC
CDM: Host Country
approval secured
Environment Study
Approved by MOEF
DPR submitted to CEA
for Approval
Plan to apply for CDM
Benefits
DPR submitted to CEA
for approval
EIA/EMP report
submitted to SPCB
Environmental
clearance obtained
CDM: PDD under
preparation
Approval from GoN
obtained for capacity
enhancement
Survey License
received
Power to be exported
to India
Plan to apply for CDM
Benefits
Approval from GoN
obtained for capacity
enhancement
Survey license
received
Generation license on
DPR approval by GoN
Power to be exported
to India
Plan to apply for CDM
benefits
Plans to have short-term PPAs with states in Northern India
9

Focus on Fuel Security for Future Growth
Indonesia Coal Mines
South Africa Coal Mines
■ PT Barasentosa Lestari
■ Acquired in Sep 08 having coal mine in South Sumatra Province
■ Total cost of USD 80 mn to be paid in installments
■ Has Coal Contract of Works (CCoW) License (given by
Federal Govt. and approved by Parliament)
■ 700 mn tons Coal Resources in ~25,000 Hectares area out of
which Coal Reserves of 104 mn tons identified in 5,500 Hectares
■ Coal production expected to commence by 2011
■ Gradual increase in production expected from 2 MTPA to 6
MTPA over 3 years
■ Plan to export coal to India for Coastal Power Project
■ 20 kms by Road to Barge Loading Facility
■ 300 kms by Barge to Trans-shipment Point
■ 55.84% stake in Homeland Energy Group, Canada
■ Coal mines in South Africa
■ GMR has Board representation & strong rights
■ 621 mn tons Coal Resources in 6 coal mines
■ 25 mn tons Coal Reserves in Kendal, an Operational
Opencast Coal mine producing 1.2 MTPA
■ 275 mn tons Coal Reserves in Eloff, an Opencast mine under
development with expected production of 4 MTPA in 2012
■ 321 mn tons Coal Resources in 4 other coal mines
■ Golden Energy Mines Tbk
■ Announced plans to acquire 30% stake from Sinar Mas Group
■ Consideration of USD 450 – 550 million
■ Coal offtake by GMR Energy Ltd. up to 10 MTPA over 25
years starting 2012
■ 860 mn tons of reserves, total resources 1.9 bn tons
10

Highways
Project Name
GTAEPL
Operational Projects
GTTEPL GPEPL
GACEPL GJEPL
GUEPL
Location
Tuni –Anakapalli
Tambaram –
Tindivanam
Pochanpalli
Ambala -
Chandigarh
Faruknagar –
Jadcherla
Tindivanam -
Ulundurpet
Group Ownership 61% 61% 100% 100% 100% 100%
Road Length 59 kms 93 kms 103 kms 35 kms 58 kms 73 kms
Project Cost
(Rs. mn)
2,950 3,620 7,043 4,993 5,155 8,817
Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes
CoD Dec 2004 Oct 2004 Mar 2009 Nov 2008 Feb 2009 Jul 2009
Concession Period
17.5 years from
Jun 02
17.5 years from
Jun 02
20 years from
Sep 06
20 years from
May 06
20 years from Aug
06
20 years from
Oct 06
Concession Type Annuity Annuity Annuity Toll Toll Toll
* Estimated
11

Highways
Project Name
Under Construction
GHVEPL GCORRPL GHHEPL
Recent Award
Kishangarh – Udaipur
– Ahmedabad
Location
Hyderabad –
Vijaywada
Chennai Outer Ring
Road
Hungund - Hospet
Kishangarh – Udaipur -
Ahmedabad
Group Ownership 74% 90% 51% 100%^
Road Length 181 kms 29 kms 99 kms 555 km
Project Cost
(Rs. mn)
21,934 11,668 16,509 75,294^
Scope of Work
2 to 4 /6 lanes
6 lanes &
2 Service Lanes
2 to 4 lanes
4 to 6 lanes & 2 Service
Lane extension
CoD Jul 2012* Jun 2012* Dec 2012* --
Concession Period 25 years from Apr 10 20 years from Jun 10 19 years from Sep 10* 26 years
Concession Type Toll Annuity Toll Toll
* Estimated
^ Proposed
12

(Rs.mn)
(Rs.mn)
(Rs.mn)
(Rs.mn)
Consolidated Financial Performance
1
Gross Revenues
2
EBITDA & Margins
CAGR: 34%
EBITDA
Margin
32% 26%
27%
CAGR: 30%
30% 27%
44,762
51,234
64,251
10,670
13,643
15,554
19,967
26,979
5,436 5,985
FY 07 FY 08 FY 09 FY 10 FY 11
FY 07 FY 08 FY 09 FY 10 FY 11
3
Cash Profit (1)
4
Capital Employed (2)
CAGR: 9% CAGR: 57%
6,669
7,346
2,63,460
3,764
4,412
5,227
1,06,840
1,35,101
1,91,112
43,181
FY 07 FY 08 FY 09 FY 10 FY 11
¹ Cash Profit: PAT + Depreciation & Amortization+ Deferred Tax
2
Capital employed: Total Assets – CWIP - EDCP
FY 07 FY 08 FY 09 FY 10 FY 11
13

Thank You
For further information, please visit
Website: www.gmrgroup.in

Appendix

Delhi Airport
Consortium Partners in DIAL
Concession Overview
Concession Date Apr 2006
Concession Period
Revenue Share
GMR Infrastructure 54%
Airport Authority of India 26%
Malaysia Airports 10%
Fraport 10%
Financing Plan (Phase-I) (Rs. mn)
25000
18270
16540
Equity Approved ADF Additional
Development
Fees
* Firmed up project cost
30 + 30 years
46% of revenue
14710
Interest Free
Deposits
52660 127,180*
Loans from
Fis/Banks
Total Project
Cost
Development Roadmap
Phase-I
Phase-IV
Completion Date 2010 2035
PAX Capacity (mn) 60 100
Cargo Cap (mn tons) 0.5 3.6
Runways 3 4
PTB Area (mn sq. ft) 5.4 17.2
• Phase-IA completed in Feb 2009
• Phase-IB completed in Mar 2010
• Handled 29.94 mn PAX (2010-11)
• Handled 0.60 mn tons of Cargo (2010-11)
Phase-IA: Modernization of
Existing Terminals (T1 & T2)
Land Side Facilities
• Domestic Departure & Arrival
Terminals refurbished in Dec 08
• International Terminal (T2)
refurbished in Jun 08
• New Domestic Departure Terminal
(T1D) started in Apr 2009
Air Side Facilities
• Runway of 4,430 m & parallel
Taxiway
Terminal 3
Phase-IB: Development of New
Integrated Terminal (T3)
Land Side Facilities
• 168 Check-in Counters
• 49 Outbound and 46 Inbound
Immigration counters
• 92 Walklators, 31 Escalators,
• 63 Lifts, 141 Washrooms
• Multilevel Car Park Facility for 4,300
cars & Surface Parking 2300 cars
Air Side Facilities
• 78 Aerobridge
• 48 Contact & 9 Remote Parking
Stands
16

Delhi Airport: Annual Operational Performance
1
Passenger Traffic (in millions)
2
Air Traffic Movements (ATMs in ‘000s)
7.2
7.8
8.3
9.3
55.0 59.5
63.4
74.8
16.8 15.1
17.8
20.7
158.6 157.9
185.8 201.2
FY08 FY 09 FY 10 FY11
FY08 FY 09 FY 10 FY11
3
Cargo handled (in ‘000s of Tonnes)
4
Revenue growth (in millions)
Aero
Non-aero
302.0 297.9
336.2
390.9
5,486 6,055
7,311
7,784
130.9 128.3 163.9
209.1
3,218 3,420 4,221 4,648
FY08 FY 09 FY 10 FY11
FY08 FY 09 FY 10 FY11
Domestic International includes non billable domestic cargo. Non aero revenue also includes cargo and CPD income
17

Delhi Airport: 250 Acres of Property Development
250 Acres of Aerotropolis Development Aerotropolis Phase - I : 45 Acres of Hospitality District
NH 8
45 Acres Divided into
Core Airport
infrastructure
Majority of
Land Bank
• 14 Asset Areas (Asset
Area 5 divided as 5A/5B)
• Total GBA (FSI) = 6.12 msf
• Hospitality = 11 assets
(5.04 msf)
• Commercial = 3 assets
(1.08 msf)
*LP = Land Parcel
Gurgaon
• Commercial development at airport envisages development
of an alternate commercial hub, right in the heart of NCR.
• Master plan by YRM & PF
• Location lends dual advantage of central location with
effective connectivity & proximity to demand
• Hospitality District, the first phase of development,
constitutes of hospitality and commercial assets.
• Awarded development rights for 14 asset areas through
competitive bidding
• Total area: 45.08 acres (Developable Area of 6.12 msf)
• Bids awarded to Accor, InterGlobe Hotels, Juniper Hotels,
Aria Hotels, Lemon Tree, Bird Group, DB Hospitality, Blue
Coast Hotels, Pride Hotels, Sweta Estates, Bharti Realty
• Development at site in full swing
18

Hyderabad Airport
Concession Date Dec 2004
Concession Period
Revenue Share
Consortium Partners in GHIAL*
GMR Infrastructure 63%
Airport Authority of India 13%
Govt. of Andhra Pradesh 13%
Malaysia Airports 11%
Concession Overview
30 + 30 years
4% of revenue (deferred till
11 th year)
Financing Plan (Phase-I) (Rs. mn)
* GHIAL: GMR Hyderabad International Airports Ltd
Development Roadmap
Phase-I Phase-IV
PAX Capacity (mn) 12 40
Cargo Cap (mn tons) 0.10 0.45
Runways 1 2
PTB Area (mn sq. ft) 1.17 3.90
• Phase-I operationalized in Mar 2008
• Currently handling 7.63 mn PAX pa
• Currently handling 80,777 tons of Cargo
Project Features
Air Side Facilities
• Runway (4,260 m) with Parallel Taxiway
• 30 Remote Parking Stands
• Facility of 12 Aerobridges
• 5 Cargo Parking Stands
Land Side Facilities
• 146 Check-in Counters
• 46 Immigration Counters
• 3 nos. 90 m & 1 no. 70 m Baggage Carousels
• Car Park Facility for 3,500 cars
Terminal Building
19

Hyderabad Airport: Annual Operational Performance
1
Passenger Traffic (in millions)
2
Air Traffic Movements (ATMs) in ‘000
1.57 1.69
1.88
12.08 13.56
13.82
4.65 4.80
5.75
68.76 66.90 69.47
FY 09 FY 10 FY11
FY 09 FY 10 FY11
3
Cargo handled (in ‘000 Tons)
4
Revenue growth (in millions)
Aero
Non-aero
33.31
37.12
44.39
2,057
2,012
2,197
23.92 29.35
36.39
1,802 2,199
2,969
FY 09 FY 10 FY11
FY 09 FY 10 FY11
Domestic
International
20

Hyderabad Airport: 1,500 Acres of Property Development
Development of Aviation and Logistics SEZs in 500 acres
250 acres of Aviation SEZ
• MRO over 25 Acres (JV with Malaysian Aerospace)
• 4 bays (2 narrow body,1 wide body,1 paint bay)
• To be operational by September 2011, Financial Closure achieved
• Training Centre with CFM International (Aircraft Engine Manufacturer)
operational
• Plan to develop a world-class Aerospace Park which would include:
• Airframe & Engine MROs, manufacturing of components and subsystems,
Design, Engineering and Technical Support services
• Advantages of clustering several Aviation Industry segments
• Availability of knowledgeable and experienced workforce, service
customisation and synergy from sharing of resources
250 acres of Logistics SEZ
• Planned as Cargo Trans-shipment Hub
• Districon appointed for a feasibility study for establishing
• Freight Distribution Centre
• Perishable Cargo Centre
• Express Cargo Facilities
Creating a theme-based, anchor-led mixed-use Airport City in 1,000 acres (Phase-I: 275 acres)
Healthport
(~25 Acres)
Commercial
District (~ 75 Acres)
Funport
(~145 Acres)
• Multi-Specialty Hospital focused on medical tourism as the anchor
• Research, Clinical Trial, Medical education and Training facilities
• Convention Centre cum Exhibition Facility as the anchor
• Office Space, Hotels, Restaurants & supporting Retail facilities
• Amusement Park with Destination Retail and Multi Purpose Arena as the anchor
Eduport
(~40 Acres)
• International Business Institution and an International School as anchors, supporting Retail and Sports Facility
• Agreement signed with Schulich Business School, York University, Canada for establishing GMR Campus of Schulich
Business School
• Superior connectivity with city centre (45 minutes) and HiTech City (30 minutes), Metro lines planned
21

Istanbul Sabiha Gokçen International Airport
Consortium Partners in ISGIA*
GMR Infrastructure 40%
Limak 40%
Malaysia Airports 20%
Very strong annual traffic growth
• FY 2011 traffic was
12.24 mn PAX (29%
higher than FY10)
Concession Overview
Concession Date May 2008
Concession
Period
Concession fees
Financing Plan (Euro mn)
20 years (extended by additional
1 year and 300 days)
€1.93bn over the concession
period. First payment in 2011
Airport Capacity
Previous
Current
PAX Capacity 5 mn 25 mn
Cargo Capacity - 145,000 tons
PTB Area (sq. m) 25,600 210,000
* ISGIA: Istanbul Sabiha Gokçen International Airport Ltd
Project Features
Air Side facilities
• Runway with 45 m (width) and 3,000 m (length)
• Parallel Taxiway 2 Rapid Exit Taxiways (RET) – 45 m (width)
• Apron Parking capacity for 48 planes
• Cargo Terminal of 8,200 sq. m
22

SGIA: Annual Operational Performance
1
Passenger Traffic (in millions)
2
Air Traffic Movements (ATMs) in ‘000
4.18
43.50
2.42
26.35
1.59
3.02
5.30
8.06
18.92
26.47
44.45
68.35
FY 09 FY 10 FY11
FY 09 FY 10 FY11
3
Fuel Farm Operations (in ‘000s of Tonnes)
4
Revenue growth (in millions)
Aero Non-aero Fuel (net)
281
78.85
45.45
109.58
81.16
152.70
104.23
88
260
334
186
562
607
1,056
1,012
FY 09 FY 10 FY11
FY 09 FY 10 FY11
Domestic
International
23

Malé International Airport
Consortium Partners
High end premium tourist destination
GMR Infrastructure 77%
Malaysia Airports 23%
• Pax : 2.49 mn for FY11
• ATMs: 81,024 for FY11
Concession Overview
Concession Date Jan 2011
Concession
Period
Concession fees
Financing Plan
25 years (extended by additional
10 years on mutual consent)
Upfront : USD 78 mn
Fixed annual : USD 1.5 mn
Airport Capacity
Previous
Current
PAX Capacity 2.6 mn 5.2 mn
Cargo terminal
10000 sq mts
• Total est. Project Cost USD 511 mn
• ADC of $25 per departing international passenger
from 1 st Jan 2012.
Project Features
Air Side facilities
• Runway of 3,200 m with intermediate turnpad at 1,800m from runway
• 3 connecting taxiways
• Apron – 16 Code C stands and 7 Code E stands
• Seaplane water runway, jetties and boat pathways
24

Malé: Annual Operational Performance
1
Passenger Traffic (in millions)
2
Air Traffic Movements (ATMs) in ‘000
2.22
17.53
0.84
0.27 0.11
8.90
7.30
3.80
FY11
FY11 (Since Takeover)*
FY 11
FY11 (Since Takeover)*
3
Fuel Farm Operations (in ‘000s of Litres)*
4
Revenue growth (in millions)*
Aero Non-aero Fuel (net)
67,783.45
868
651
1,957.51
191
FY 11 (Since Takeover)*
FY11 (Since Takeover)*
Domestic International * Operations of Malé Airport have been taken over from 24 th Nov 2010.
The operating numbers represented here are considered from this date.
25

GMR Energy (Singapore) Pte. Ltd.
Key features
• 1 st Greenfield Power Plant to be built since liberalization of
Electricity Market
•2 x 400MW Power Plant located at Jurong Island
• Land Size : 10.9 hectares
• LNG GSA signed with BG Marketing Singapore Pte Ltd for both
units
• EPC awarded to Siemens/Samsung Consortium on 27 th Aug
2010
• All major Permits and Approvals in place
• Construction activity started with LNTP. NTP issued on 15 th
April
• Commercial Operation Date: Q4 2013
• Revenue stream:
• Spot Electricity Sales in pool market
• Vesting Contract
• Electricity Retail and Hedge Contracts
IR_bp_20111109
26