Construction & Engineering firm GMR Infrastructure declares Q3FY22 result: Delhi Airport Traffic improved by 82% YoY from 7.6 Mn in Q3FY21 to 13.8 Mn in Q3FY22. On a QoQ basis, traffic increased 61% in Q3FY22 Gross Revenue increased by 55% YoY from INR 525 Cr in Q3FY21 to INR 814 Cr in Q3FY22. On a QoQ basis, revenue increased by 20% in Q3FY22 EBITDA improved by 7.7x YoY from INR 71 Cr in Q3FY21 to INR 547 Cr in Q3FY22. On a QoQ basis, EBITDA increased by 44% in Q3FY22 Capex to increase capacity from 66 Mn pax to 100 Mn pax - achieved 53.3% completion as of December 31, 2021. 76 domestic destinations connected as of December 31, 2021 (vs. 72 pre-covid). On international, 45 destinations are connected. ESG Initiatives, Recognition and Awards Re-accredited in the Airports Council International (ACI) Airport Health Accreditation (AHA) programme CEO of Delhi Airport declared as International Airport Review’s Person of the Year Hyderabad Airport Traffic improved by 52% YoY from 2.9 Mn in Q3FY21 to 4.3 Mn in Q3FY22. On a QoQ basis, traffic increased 56% in Q3FY22 Gross revenue increased by 72% YoY from 130 Cr in Q3FY21 to INR 225 Cr in Q3FY22. On a QoQ basis, revenue increased 46% in Q3FY22 EBITDA improved by 3.2x YoY from INR 34 Cr in Q3FY21 to INR 110 Cr in Q3FY22. On a QoQ basis, EBITDA increased by 2.2x in Q3FY22 Capex to increase capacity from 12 Mn pax to 34 Mn pax - achieved 69.3% completion as on December 31, 2021. 65 domestic destinations connected vs. pre-covid level of 55 and 16 International destinations connected in line with pre-covid time. ESG Initiatives, Recognition and Awards ‘Certificate of Merit’ at the National Energy Conservation Awards 2021 ‘Excellency - Gold Award’ in Telangana State Energy Conservation Awards 2021 Goa Airport Construction & Development work is in full swing at multiple locations and the Airport is expected to be inaugurated during August 2022 Project has achieved Milestone IV in terms of Financial & Physical progress as outlined in the Concession Agreement. Achieved physical progress of 54% as of December 31, 2021 and 60% as of January 2022 Letter of Award for Construction of Expressway (NH 166S) connecting NH 66 to Mopa Airport is awarded and the Expressway is expected to be operational by mid of 2023 Cebu Airport Traffic increased by 2.3x YoY from ~0.12 Mn in Q3FY21 to ~0.29 Mn in Q3FY22. On a QoQ basis, traffic improved 8% in Q3FY22 Revenue increased by 10% YoY from INR 16 Cr in Q3FY21 to INR 18 Cr in Q3FY22. On a QoQ basis, revenue improved 7% in Q3FY22 With the 2022 election campaigning to begin shortly, we expect rapid increase in traffic 5 Crete Project is fully funded mainly through State Grant which is already received and Airport Modernisation & Development Tax. It is a completely debt free Project Earthworks are progressing in multiple fronts of runway, taxiway, apron, terminal building, external access roads ~9.3% financial progress is achieved with completion of ~75% of earthworks in airport area and 28% earthworks in access roads as of December 31, 2021 Bhogapuram Development of detailed design of the Airport is in progress Land acquisition is in its last stages and R&R; works in progress Medan Received Letter of Award; Project scope includes operation, development and expansion of the airport over a period of 25 years Airport handled more than 10 million pax in 2018; Medan is the 4th largest urban area in the country Nagpur Post favorable judgement from Bombay High Court directing MIHAN to sign Concession Agreement (CA) and awaiting signing of the CA Result PDF