Gmr Corporate Presentation Ppt- Latest

Humility Entrepreneurship Teamwork And Relationships

Learning Social Responsibility Respect for IndividualDeliver The Promise

GMR Infrastructure Limited


Learning Social Responsibility Respect for IndividualDeliver The Promise2

A Unique Business Model

Pure Infrastructure Developer of Airport, Power and Road Assets

Only Company with Airport Business listed on Indian Capital Markets

Monopoly Assets with exclusive concessions ranging from 15 to 60 Years

Unique Revenue Model – diversified blend of annuity yet volume driven growth streams

Aerotropolis – Pioneering multi-modal, multi-functional commercial development attracting

businesses at our Hyderabad and Delhi Airports

Airport Property Development - Possesses developmental rights of the Prime Land of more

than 950 acres in Delhi and Hyderabad Airports

Total assets developed / under-development – about $6.5 bn

Current Market Cap - over $ 7.5 bn



1995 1999 2001 2003 2004 2006 2007

India's Leading Infrastructure Developer

GMR has focussed on pioneering Indian Infrastructure Development

Strong Project

Management

Skills

Financial Re-

Engineering

Skills

Best in

Class

Partnership

Project

Identification /

Entry Strategy

Po

wer

Air

po

rts

Ro

ad

sCoD

200 MW

Chennai

CoD

220 MW

Mangalore

CoD 389 MW

Vemagiri

Award 140

MW

Alaknanda

Award

1000 MW

Orissa

Award

160 MW

Talong

Award

Hyderabad

Airport

CoD

2 Annuity

Road

Projects

4 Annuity

and Toll

Road

Projects

Ventured in

Power

Sector

Project AwardProject Commission

Ventured in

Airport Sector

Ventured in

Road Sector

Award Delhi

Airport

Award

180 MW

Holi

Bajoli

1st International

Foray – Award

Sabiha Gokcen

Airport Turkey



India’s Leading Infrastructure DeveloperDomestic

• Owns Delhi & Hyderabad Airports

• Concessions for 30 years of operations with an option to extend the

concession period by another 30 years

• Currently handles around 30% of India's air traffic

International

• 40% Stake in Sabiha Gokcen Airport, Istanbul Turkey

• Concessions for 20 years & currently handles 3.5 mn air traffic.

• Six Road Projects

– Combined length of 421 kms

– Concessions ranging from 17.5 – 20 Years

– 2 operational, 4 under implementation

– Balanced mix – 3 Annuities, 3 Toll-based

• Seven Power Projects :

– Gross Capacity of 2280 MW

– 3 Operational, 4 under development

– PPAs ranging from 7 – 45 Years

AIRPORTS

POWER

ROADS



Corporate Structure --

GMR Infrastructure Limited

ENERGY ROAD AIRPORT

GMR Tambaram-Tindivanam Expressways

Private Limited (GTTEPL) - 93 KMs

GMR Tuni-Anakapalli Expressways Private

Limited (GTAEPL) - 59 KMs

GMR Ambala-Chandigarh Expressways

Private Limited (GACEPL) -35 KMs

GMR Jadcherla Expressways Private Limited

(GJEPL) - 58 KMs

GMR Pochanpalli Expressways Private

Limited (GPEPL) - 103 KMs

GMR Ulundurpet Expressways Private

Limited (GUEPL) - 73 KMs

GMR Energy Limited (GEL)

220 MWGMR Hyderabad International Airport

(GHIAL)

GMR Power Corporation Private Limited

(GPCL) 200 MW

Vemagiri Power Generation Limited

(VPGL) -388.5 MW

GMR (Badrinath) Hydro Power Generation

Private Limited (GBHP) 140 MW

Orissa Coal Based

Power Project – 1000 MW

Delhi International Airport

(DIAL)

100%

51.0

%

100%

100%

100%

74.0%

100%

100%

74.0%

100%

100%

50.1%

63.0%

Operating Companies Under development

Percentage of holding represents our direct and indirect shareholding

Operating cum development

GMR holds majority stake

Talong Hydro Power Project – 160 MW

100%

Sabiha Gokcen Airport , Istanbul – Turkey

40%

Bajoli Hydro Power Project – 180 MW

100%



Delhi Airport – Development Plan

Estimated Project Cost - Rs.86 Bn

L&T awarded to build - 3rd Runway & T3.

Ultimate Airport Pax. Capacity - 100 Mn

Phase-I of Development Plan :

Rebuilding and Refurbishment of Existing Domestic (T-1) and

International Terminal Buildings (T-2)

3rd Runway (4,430 m) - Operational by June 2008

New Integrated Airport Terminal (T3) - 435,770 sq.m.

Passenger Capacity - 37 Mn

Aprons – 105 nos. (Contact–55 & Remote–50)

Multi Level Car Parking – 4,300 lots

Connectivity – High Speed Direct Metro & NH-8

Operational by 2010 for Commonwealth Games

Owners Engineers - Appointed TCE, Lahmeyer and

Parsons Brinckerhoff as for T1, T2 & T3 respectively

After Phase-I Development by 2010

Land

Bank

New Integrated Terminal

(T3) by 2010

New Runway (3)

by June 2008



Delhi International Airport

Birds Eye View Entrance canopy

CanyonCheck In Hall



Delhi Airport : Commercial Business Developments

Delhi Airport handles - 61 Airlines (International – 52 and Domestic – 9)

Subsisting Concessions – Over 150 contracts offering various non-aero services

Contract Strategy – Invite competitive bidding for non-aero services

Concessions Awarded –

Duty Free Retail – Alpha Airport and Future Group Consortium for 3.25 years

Advertisement – Times Innovative Media Pvt. Ltd. For 3 years

In-flight Kitchen Facilities – Revising commercial terms of existing contracts and RFP being issued

Fuel Farm – Strategy being formulated; to build additional capacity and provide Open access to Oil Companies

Ground Handling – Awaiting policy for finalisation of strategy ; Initiated RFP for selection of GH Operator

Car Parking – RFP being finalised to invite players adopting International Car Park Business Model practices

F&B and Specialty Shops –

– Identifying retail mix for both existing terminals;

– Focus on introducing high value brands for specialty shops (e.g. Electronics, Jewellery, Pharmacy, Music etc.);

– New business opportunities being explored



Passenger Traffic : Growth In Leading Indian Airports

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

Mumbai Delhi Chennai Bangalore Kolkatta Hyderabad

20.9%25.9%

32.4%

43.7%

36.0%

43.9%

%

Traffic Growth (%)

-

5.00

10.00

15.00

20.00

25.00

Mumbai Delhi Chennai Bangalore Kolkatta Hyderabad

18.41 16.23

6.78 5.65

4.41 4.00

22.25 20.44

8.97 8.12 5.99 5.75 In

M

n.

Passenger Traffic

2006 2007



12.78

16.24

10.39

20.44

5

10

15

20

25

Mar-04 Jun-04 Sep- Dec - Mar-05 Jun-05 Sep- Dec - Mar-06 Jun-06 Sep- Dec - Mar-07

345

383

390

296

250

300

350

400


Total Passengers – CAGR 25%

In million

137

167

201

121

100

150

200

250


In thousand tonnes

In thousands

Cargo Tonnage – CAGR 10%

Aircraft Movements – CAGR 18%

Delhi Airport – Operational Highlights

23% Growth

27% Growth

26% Growth

17% Growth

11% Growth

2% Growth

13% Growth

22% Growth

20 % Growth

Mar-04 Mar-05 Mar-06 Mar-07Mar-04 Mar-05 Mar-06 Mar-07

Mar-04 Mar-05 Mar-06 Mar-07

Traffic Details 2006- 07

Passenger (in mn.) 20.44

Cargo (in „000 tonnes) 390

Aircraft Movement (in „000) 201



Delhi Airport

Property Development

Total Land – 5,100 Acres.

Land for Property Development – 250 acres

Lease Period – 30 + 30 years

Permitted Property Development – Airport Related facilities such as :

Hospitality Activities

Commercial,

Retail etc

Set up Delhi Aerotropolis Pvt. Ltd. (DAPL), wholly owned subsidiary, for land development

Initial Property Development Plan –

Appointed Jones Lang LaSalle and Lehman Brothers for market study and strategic plan preparation

Master Plan for Initial development of 45 Acres to set up Hospitality District through Developers :

Development to be undertaken by Developers through either six land parcels or as single land parcel aggregating 45 acres

DAPL will provide basic infrastructure facilities and supervise the development

DAPL received over 40 Expression of Interests (EOI) from leading domestic and international Developers / Investors

RFP issued to shortlisted prospective bidders

Transaction proposed to be completed by September 2007



Pioneering Aerotropolis Development

LP - B

(4.68 Acre)

LP - C

(7.15Acre)

LP - D

(14 Acre)

LP - E

(8.7 Acre)

LP - F

(5 Acre)

Built Up

Land Parcel (LP) - A

(5 .5 Acre)

Part of total Land

Bank of 250 Acres

Hospitality District Land Bank of 45

Acres with Built Up – 5.91 Mn.Sq.Ft.

Hospitality

Dist. 45

Acres

Hospitality District Development Mix :

Commercial

Retail

Convention Facility

Hotel Development Mix:

Luxury (5 Star) Hotel

4 Star Hotel

3 Star Hotel

Premium Hotel Apartment

Mid Market Hotel Apartment

Resort Hotels / Spa and Villas



Project Brief :

Concession Period– 30 + 30 years

Equity Participation in GHIAL :

GMR (63%), Govt. of India through AAI

(13%), Govt. of Andhra Pradesh (13%) and MAHB

(11%)

Total Land - about 5,500 acres

Concession Fee – 4% of Revenue (deferred payment

basis from 11th year)

Ultimate Airport Capacity – 40 mn pax

First Right of Refusal - No new airport within 150

kms during first 25 years of concession period

Development Plan :

Ultimate Airport Capacity – 40 mn pax

Airport to be Operational – end March 2008

Estimated Project Cost – USD 550 Mn

Development Plan in Phase-I :

Modular Airport Passenger Terminal - 115,000 sq.m.

Passenger Capacity – 12 Mn

Aircraft Parking Stands – 42 nos.

Rapid Exit Taxiway – 2 full length parallel to runway

Modular Cargo Terminal –100,000 Mt/year

Runway (4,260 m) – Code F (A-380 type aircraft)

Open Access Fuel Farm

Airport Village – for Meeters & Greeters

Business Hotel – 308 Rooms

Construction Contracts Awarded to :

Airside & Landside Development - Larsen & Toubro

Passenger Terminal Building - China State Construction

Engineering (HK) Ltd.

Estimated Project Cost - $550 Mn

Financial Closure achieved

Hyderabad Airport – Key Features



Capital Works In Progress as on June 07

Hyderabad Airport

FUEL FARM

61.4%

BUSINESS

HOTEL

16.7%

BOUNDARY

WALL

100.0%

PASSENGER

TERMINAL BUILDING

(PTB) WORKS

AIRSIDE & LANDSIDE

(ALS) WORKS

71.0% 73.8%

SITE

PREPARATION

100.0%

73.6%

OVERALL PROJECT

IT Systems

59.5%

Civil Works

79.2%

E & M Works

64.5%

E&M

59.6%

Runway

86.8%

Taxiways

88.8%

Aprons

73.1%



Hyderabad Airport

Capital Works In Progress – Passenger Terminal Building



Hyderabad Airport : Commercial Business Developments

Tied up additional funding required – of Rs.7180 Mn for scaling up Phase I capacity to 12 Mn pax, fuel

farm and Business Hotel.

Concessions Awarded –

Cargo Handling Operations - JV with Menzies Aviation Plc.,

In-flight Kitchen Facilities - Concessions for build, Operate & Maintain to LSG Sky Chefs and

Sky Gourmet for 20 years

Fuel Farm - Concession for operation and maintenance of to Reliance Industries Ltd for 7 years

Business Class Hotel (308 Room) - Accor Hotels and Resorts, Singapore, to operate with

Novotel Brand..

Duty Free Retail – Concession awarded to JV of Nuance Group & Shoppers Stop to set up,

operate & maintain for 7 years

Lounge Management – Tied up with Plaza Premium Lounge of KL to maintain and manage

lounges at airport for 7 years

Ground Handling – Concession awarded to two consortiums, namely, Menzies & Bobba and

SATS, IA & IA for 7 years

Car Parking – Awarded management contract to Tenaga Parking (India) Pvt. Ltd.,

MRO – Land leased to Indian Airlines for shifting of existing facilities

MRO – Term sheet signed for setting up a base maintenance MRO

SEZ Approvals – Received approval from Govt. of India for setting up two SEZs :

1. Multi Product SEZ in 250 acres

2. Aviation Sector Specific SEZ in 250 acresATC Tower



2.85

4.04

2.24

5.78

2

2.5

3

3.5

4

4.5

5

5.5

6

Mar-04 Jun-04 Sep- Dec - Mar-05 Jun-05 Sep- Dec - Mar-06 Jun-06 Sep- Dec -

34

37

46

27

25

35

45


Total Passengers – CAGR 37%

In millions

38

52

69

28

25

35

45

55

65


In thousand tonnes

In thousands

Cargo Tonnage – CAGR 20%

Aircraft Movements – CAGR 35%

Hyderabad Airport – Current Growth Pattern at existing Airport

27% Growth

42% Growth

43% Growth

26% Growth

9% Growth

28% Growth

36% Growth

37% Growth

34% Growth

Mar-04 Mar-05 Mar-06 Mar-07 Mar-04 Mar-05 Mar-06 Mar-07

Mar-04 Mar-05 Mar-06 Mar-07

Traffic Details FY 2007

Passenger (in mn.) 5.78

Cargo (in „000 tonnes) 46.4

Aircraft Movement (in „000) 69.6



Sabiha Gokcen International Airport (SGIA)Project brief

Award of SGIA in International Competitive Bidding on 9th July 07

Concession period - 20 years (including construction period of 30 months )

Concession fee - Euro 1.93 bn ,to be paid in 18 yrs commencing from the 3rd year.

Transfer of Existing Facility in 2 months after signing the Concession Agreement .

Current Passenger traffic – 3 mn ( pax capacity 3.5 mn).

Pax Traffic Growth PatternYear 2005 - 0.25 Mn to 1.02 Mn (Grown @ 308%)

Year 2006 - 1.02 Mn to 2.92 Mn (Grown @ 186%)

Year 2007 - During the Current Year, Traffic has grown at 42% to 1.71 Mn in the first 6 months

Investment envisaged is approx Euro 400mn for construction of new Int‟l terminal with capacity of 10 mn.

Share holding pattern of SGA project

- GMR (40%)

- Limak Holdings A.S..(40%)

- Malaysian Airports (20%)



Sabiha Gökçen Proposed Layout

New International

Terminal

Car Park Area

Existing Int’l +

Domestic

Terminal

Hotel



Power Asset Portfolio

Facility Mangalore, Karnataka Chennai, Tamil Nadu Vemagiri, Andhra Pradesh

Company GMR Energy Ltd. (GEL)GMR Power Corporation Private Ltd.

(GPCL)

Vemagiri Power Generation Ltd.

(VPGL)

Contracted

CapacityContracted - 220 MW Contracted - 200 MW

Contracted - 370 MW;

Merchant Sale - 18.5 MW

Fuel Naptha Low sulphur heavy stock Natural Gas

COD 2001 1999 2006

PPA 7 years till 2008; at 85% PLF15 years till 2014, minimum off-take at

68.5% PLF23 years at 80% PLF

Take or Pay of fixed charges Take or Pay of fixed charges Take or Pay of fixed charges

PLF 26.40% 52.06% --

Plant Availability 95% 95% --

GMR Infrastructure Ltd

Operational Assets Assets Under-development

220 MW Barge Based (Naptha) (GEL)

200 MW Basin Bridge (LSHS) (GPCL)

388.5 MW Vemagiri Power (Natural Gas) (VPGL)

140 MW Alaknanda Power (Hydro) (GBHPL)

1000 MW Orissa Power (Coal Fired)

160 MW Talong Power (Hydro)

180 MW Holi Bajoli Power (Hydro)



Projects Under Development

Orissa Power Project (1050MW (350x3) )

• Plant Location – Kamalanga, Orissa.

• Land Acquisition: Govt of Orissa approval received for

acquisition of private land of 940 acres.

• Coal Mine – submitted application for allotment of coal

blocks“Mandakini” & “Rampia”

• PPA: GRIDCO (Up to25%) & Power Trading Corporation

( balance)

• Expect to receive Mega power status

Talong Hydro Power (160 MW )

• Plant Location – East Kameng District, Arunacha Pradesh.

• Details: Run of River on BOOT basis for a concession period of

40 years from COD.

Project Development:

• Entered into a MoA with the Govt of Ar.Pr. for development,

implementation and O&M of the project.

• Appointed Hydro Power Engineering Consultants as Owner‟s

Engineers

• Principal Engineer & Consultant: LOI issued to Colenco of

Swatizerland.

• Terms of Reference for Environment Study approved by MOEF.

.

Alakananda Hydro Power (140 MW )

• Plant Location – Uttaranchal.

• Project Development: Agreement executed with Gov of

Uttaranchal

• DPR: Halcrow Consulting India Limited is engaged. Likely to be

finalized by August,07.

• Owner’s Principal Engineer and Consultant (PE&C) : SNC-

Lavalin for review of DPR and detail engineering.

• EIA and EMP awarded to CISMHE

• Financial Closure by June 08

• Implementation Agreement : by Sept, 2007.

Holi bajoli Hydro Power (180 (3 x60) MW )

• Bid Called for by Government of Himachal Pradesh

• Plant Location:River Ravi, district Chamba, Himachal Pradesh

• Peaking duration:3.5 hours

• Annual Energy:664 Mus

• Power Evacuation: 20 km long, 220KV Single Circuit

• Construction period 4 years (estimated).

• Project to be developed on a BOOT basis .



Projects in Pipeline

• Project in India • Projects in Nepal

Chhatisgarh ( 1000 MW coal based thermal plant )

•GEL has signed MoU with the Government of Chhattisgarh (GoC) .

•The State is entitled to avail 5% of net energy annually at variable

cost .

•Right to purchase upto 30% of power from the Project for a period

of 20 years through its nominated agency.

•Project site is being identified, after evaluating proximity to Coal

mines and the Transmission corridor & the DPR preparation is being

initiated.

Bid projects

Acquisition ProjectUpper Marsyangdi Hydro Power Project, Nepal (125 MW x 2)

• BOOT Project for 25 yrs & Power to be sold in India

• MoU with local power project developer

• GMR Energy to hold 95% of the equity.

• Potential to scale capacity from 250 MW to about 560 MW.

• Formal approval of Dept. of Energy & Ministry of Water Resources a-

waited.

Upper Karnali Hydro Electric Project(300MW)

• Interrnational Competitive bid in Consortium with Italian Thai Development

Project Company Ltd.

• BOOT project for 25 years & power to be sold in India.

• Potential to scale capacity to 450MW.

Arun III Hydro Electric Project, Nepal(402 MW

• International Competitive bid

• BOOT Project for 25 yrs & power to be sold in India

• Potential to scale capacity to 500 MW.



Road Asset Portfolio

GMR Infrastructure Ltd

Annuity Projects - NHAI Toll Projects - NHAI

Tuni-Anakapalli road project (GTAEPL)

Tambaram-Tindivanam road project (GTTEPL)

Pochanpalli road project (GPEPL)

Ambala-Chandigarh road project (GACEPL)

Faruknagar-Jadcherla road project (GJEPL)

Tindivanam-Ulundurpet road project (GUEPL)

Particulars GTAEPL GTTEPL GPEPL GACEPL GJEPL GUEPL

Road Length 59 kms 93 kms

Construct - 86 kms +

O&M Sweetener - 17

kms

Construct - 35 kms

Construct - 46 kms +

O&M Sweetener - 12

kms

Construct - 73 kms

Concession Period17.5 years incl.

construction period of

2.5 yrs.

17.5 years incl.

construction period

of 2.5 yrs.

20 years incl.

construction of 2.5 years

20 years incl.

construction period

of 2.5 years

20 years incl.

construction period of

2.5 years

20 years incl.

construction of 2.5

years

Concession Start May 2002 May 2002 September 2006 May 2006 August 2006 October 2006

Financial Closer June 2002 June 2002 September 2006 May 2006 August 2006 October 2006

Concession End November 2019 November 2019 September 2026 May 2026 August 2026 October 2026



Business Specific Developments Status of Construction

Jadcherla Road - Progress

Ulundurpeth Road - ProgressPochanpalli Road - Progress

Ambala – Chandigarh Road - Progress



GIL Shareholding Pattern

Shareholder No. of Shares %

Promoters 266,848,619 80.60%

Foreign Institutional Investors 26,053,193 7.87%

Venture Capital 16,554,043 5.00%

Foreign Venture Capital 4,157,218 1.26%

Domestic FIs / Banks / MFs /

Bodies Corporate9,696,969 2.93%

Retail including HUF and others 7,773,958 2.35%

Total 331,084,000 100.00%

Floating Shareholding

(11.52% equity of the company) - As on July 13, 2007

80.60%

7.87%

5.00%

1.26%2.93% 2.35%

Promoters

Foreign Institutional Investors

Venture Capital

Foreign Venture Capital

Domestic FIs / Banks / MFs / Bodies Corporate

Retail including HUF and others



Market Capitalisation - GMR Infrastructure Ltd

Number of shares : 331,084,000

-------------------------------------------------------------------------------

Date Price Value in

Rs Crore

-------------------------------------------------------------------------------

Date of Listing Aug 21 210.40 6,966

August 214.70 7,108

September 235.45 7,795

October 307.85 10,192

November 370.20 12,257

December 356.00 11,787

January 379.50 12,565

February 354.80 11,747

March 360.30 11,929

April 423.45 14,020

May 497.45 16,470

June 748.90 24,795

July 16 , 2007 887.30 29,377

------------------------------------------------------------------------------

Closing Prices on NSE

0

100

200

300

400

500

600

700

800

900

1000



Overview of 4th Quarter & 12 Months Performance Rs. Mn.

Particulars Q4 FY2007 Q4 FY2006 Shift % FY2007 FY2006 Shift %

Gross Revenues 7,007.2 3,545.4 97.6% 19,687.2 10,616.5 85.4%

Net Revenues 6,195.6 3,545.4 74.7% 16,967.4 10,616.5 59.8%

Other Income (0.9) (32.5) -97.2% 183.3 33.3 450.5%

Total Expenditure 4,815.3 2,411.5 99.7% 11,530.6 6,086.1 89.5%

EBIDTA 1,379.4 1,101.4 25.2% 5,620.1 4,563.7 23.1%

Interest & Finance Charges 535.4 270.4 98.0% 1,441.4 1,302.7 10.6%

Depreciation 354.4 263.5 34.5% 1,345.6 1,053.7 27.7%

PBT 489.6 567.5 -13.7% 2,833.1 2,207.3 28.4%

Taxation 94.4 35.9 163.0% 415.4 125.1 232.1%

PAT (Before Minority Interest) 395.2 531.6 -25.7% 2,417.7 2,082.2 16.1%

PAT (After Minority Interest) 218.5 411.5 -46.9% 1,744.3 1,522.9 14.5%

Equity 3,310.7 2,644.4 3,310.7 2,644.4



Segmental Results Rs . mn

Particulars Airport Power Road Others Total

Gross Revenues 5880.0 29.87% 12170.4 61.82% 1431.8 7.27% 204.9 1.04% 19687.1

Net Revenue 3160.3 18.63% 12170.4 71.73% 1431.8 8.44% 204.9 1.21% 16967.4

EBIDTA 655.8 11.67% 3681.7 65.51% 1153.8 20.53% 128.7 2.29% 5620.1

PAT 368.0 15.22% 1862.3 77.03% 302.1 12.50% -114.8 -4.75% 2417.7



Thank You

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Gmr Corporate Presentation Ppt- Latest