April 10, 2023

Indus Airways LimitedCorporate Overview

New Opportunity in Indian Space

www.indusair.biz

Who we are?

• Founded on March 31, 2004 at New Delhi, India with an objective to connect regional cities to the main cities.

• License to operate scheduled transport service (Passenger / Cargo) obtained in November, 2006.

• Started Operations from December, 2006 to March, 2007 on Delhi – Chandigarh – Mumbai route with 1 CRJ – 200 (50 Seated) Aircraft. Average occupancy was 56% without any major advertisement.

• Operation stopped in April, 2007 because of lack of support from Aircraft Manufacturer (Spares) & Lack of Working Capital.

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Why Now?

Unexplored market:• India Lives in Villages. Most of Small & Medium Enterprises need to grow with

India Economy & hence would attract lot of traveling from the regional cities to the main stream cities like Delhi, Mumbai, Chennai, Kolkata & Bangalore.

• At the moment Per Capita Per Annum is 0.02 trips, which would be increase substantially given the Indian Economy is growing at 8% P.A.

• As per Ministry of Civil Aviation, India, it is forecasted that India would be the second fastest growing travel and tourism economy in the world

• Indian Aviation growth rate will be 20-25% p.a. and the regional sector is expected to grow at whopping 40%.

Opportunity:

– High growth potential market

– Changing Population Demographics

– Growing Tourist Traffic

– Surging Air Traveller’s Base

– The second fastest growing travel and tourism economy in the world

– Airport infrastructure improvement opening up new sectors

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Market Size - India

• India is the second largest aviation industry of the world.

• India Civil Aviation growth, at 20% is among highest in the world.

• By 2010 India’s Fleet Strength will stand at 500-550 which is 260 at present.

• In 2010 domestic market will cross 60 Million Travellers.

• Continuous growth with 7% increase in the number of flights into and out of India (An additional 835 flights

and more than 2 Lacs Seats a month.

• Number of Flights doubled from 6800 in May 2001 to 13200 in May 2007.

• CAPA predicts that domestic traffic will grow at 25-30 percent a year until 2010.

• Currently Air Travelers are 0.8% of the population.

• By 2020, Indian airports are estimated to handle:

• 100 million passengers

• Including 60 million domestic passengers

• Cargo in the range of 3.4 million tones per annum

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Competition

Full Service Carriers (FSC)

Low Cost Carriers (LCC)

Regional National

Indian AirlinesJet AirwaysAir IndiaKingfisher Airlines

Indus AirParamount Air

Spice JetAir DeccanIndigoJet Lite

Go Air

• Indus Unique Positioning will be less competitive and it gives huge opportunity to become leader in its region.

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Value Proposition

• Indus Air will position itself as a “Full Service Carrier” • Offers in-flight service• Single class aircraft configuration• Internet booking

• Single Aircraft strategy - CRJ - 200

• Offering non-trunk short-haul routes and attracting high-end railway traffic through comparable fares

• Indus Air will offer good fares to stimulate demand.

• Mostly New B Cities Routes are selected in the way to offer more air space to new people and to benefit from low competition.

• Company will create monopoly in such routes, as such no / few flights are operating.

• Indus will reduce costs and increasing utilisation by:• Reducing the costs of its operations • Providing Luxury to all • Seeking high aircraft utilisation • Providing a safe and on-time service • Increasing ancillary revenues

www.indusair.biz

Target Focus

• Targeting companies in Chandigarh, Amritsar, Lucknow, Varanasi, Srinagar and

Jabalpur with annual revenues of 50 Crores and more.

• 80% focus on Business Class Clientele and 20% rest others.

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Routes

• Indus Air will operate on following routes

• Mumbai – Chandigarh – Amritsar – Chandigarh – Mumbai

• Mumbai – Lucknow – Varanasi – Lucknow – Mumbai

• Delhi – Srinagar – Amritsar – Srinagar – Delhi – Lucknow – Delhi

• Delhi – Chandigarh – Amritsar – Chandigarh – Delhi – Varanasi – Delhi

• Delhi – Jabalpur – Mumbai – Jabalpur – Delhi

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Our Clients

• We will target following companies.

• Chandigarh

• Infosys, IBM Daksh, Net Solutions, HP India, SAP Labs, ICICI, Nectar Life sciences, Ind-Swift

Laboratories etc and NRIs.

• Amritsar

• Business Class and Visitors to Golden Temple

• Lucknow

• IOC, HPCL, BPCL, Reliance, TCS, IBM, Citibank, ABN Amro etc.

• Varanasi

• Business Travelers & Holy Pilgrims.

• Srinagar

• Business Travelers & Tourist.

• Jabalpur

• Ordinance Factory, Star Delta Transformers, BHEL, Power Grid Corp., Tata, RPG Transmission.

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Growth Facts

Apr, 2007 Airline Stopped due to lack of support of spares and working capital.

Mar, 2007 3 Months of Successful run of CRJ -200 Aircraft at 75% Capacity

Dec, 2006 Commercial Launch of First Flight

Nov, 2006 Got 2 CRJ 200 Aircraft on lease.

Nov, 2006 Got License to operate as Scheduled Airline from DGCA

Mar, 2004 Incorporation of Company

Growth

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Founder & Management Team

Core leadership team with average experience of 10 years

Brig. Kapil Mohan | FounderRole: Strategy and planning

Capt. N K Beri| FounderRole: Strategy and Planning

Capt. Deep Beri| DirectorRole: Strategy, operations, process and planning

Capt. A.P.C. Kapoor| CEORole: Operations, Selection & Training of Pilots, Technical Guidance

Capt. V P Kapoor| General ManagerRole: Flying Crew Standard & Air Safety

Capt. M S Sandhu| General ManagerRole: Operations & Logistics

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Investment Rationale

• The Company has been granted an NOC to Operate Scheduled Air Transport Services in India.

• The Company has already obtained DGCA Approvals for five routes, therefore ensuring substantial saving in time.

• The Company has already launched its airline.

• Indus Team is very experienced and best in getting leased airplanes deals in country.

• Promoter having valuable corporate experience and relationship.

• Good Investment Opportunity – early stage financing, but without the startup time normally involved in such a project.

• Airline launched on December 14, 2006, Potential Private Equity / Strategic Investors have an opportunity to become significant shareholders in Indus Air and share in the significant upside potential on this project.

• 23.7% growth rate in passengers traveling through air transport given by Directorate General of Civil Aviation. Indian Aviation Industry to grow at 20% p.a. Other airlines working on 80% load factor.

• Easy to penetrate in air travel in India right now, as Indus Air has plans to run airlines in small cities thereby connecting the Indian Middle Class to the World.

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Early Investor Gain

Share Price Grew at a CAGR of 23% over the period 1990 - 2003

Share Price appreciated to 4x IPO price within 18 months of listing

Intially promoters put in USD 10 Mn in November, 199, In March 2002, 50% of the stake was sold for AUSD 500 Mn to Patrick Group

Company opt for IPO in May, 2006 at 15 X of its face value.

From Rs. 6 In October 2004, it went upto 102 in August 2005.

Company opt for IPO in February, 2005 at 110 X of its face value.

Share Price rose 70% within the first year of listing price has been risen more than 500% since the IPO in 1997

The Airline began operations in December 2001. In June 2003, 3 new financial partners invested in the company at a valuation of USD 100 Mn.

New Delhi

Sundeep Sehgal - CFOssehgal@indusair.biz cell: +919810005572www.indusair.biz

Offices:

Thank you for your interest.

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