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Interglobe Aviation Ltd.

BSE: 539448 Sector: Services
NSE: INDIGO ISIN Code: INE646L01027
BSE 00:00 | 19 Sep 871.20 9.70
(1.13%)
OPEN

863.15

HIGH

892.00

LOW

846.60

NSE 00:00 | 19 Sep 868.80 7.00
(0.81%)
OPEN

862.00

HIGH

873.45

LOW

846.10

OPEN 863.15
PREVIOUS CLOSE 861.50
VOLUME 67186
52-Week high 1520.00
52-Week low 846.60
P/E 22.95
Mkt Cap.(Rs cr) 33,490
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 863.15
CLOSE 861.50
VOLUME 67186
52-Week high 1520.00
52-Week low 846.60
P/E 22.95
Mkt Cap.(Rs cr) 33,490
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Interglobe Aviation Ltd. (INDIGO) - Chairman Speech

Company chairman speech

I am delighted to report that FY17 has been another exciting and fulfilling year atIndiGo. We continue to build on our strong foundation. This was our ninth consecutive yearof profitability with a profit after tax of Rs.16592 million. Traffic growth continued tobe strong during the year. We witnessed a growth of 31.5% in our passengers during theyear much higher than the growth in capacity of 27.5% for the same period. Our totalrevenue increased by 16.3%.

Being a low-cost carrier committed to delivering low fares it is essential that wekeep a watchful eye on our costs. This focus on costs has enabled us to reduce our costper ASK (CASK) excluding fuel which reduced by 6.3% last year despite overallinflationary pressures. In the last year we added 24 aircraft including 16 fuel-efficientA320neo aircraft. The A320neos continue to perform well on fuel burn and we are seeingsignificant fuel savings on these neo aircraft compared to our A320ceos.

We added Port Blair Madurai Amritsar and Sharjah to our network during the lastfiscal year taking the total number of cities on our network to 44.

We continue to invest in the long-term growth opportunity of India and our fleet isexpected to grow for many years to come.

There are many unserved and under-served cities in India which require reliable airtransportation. India's

Tier 2 and Tier 3 cities are becoming the new growth engines and our planned turbopropoperation will cater to this growing demand. On the international side we believe thatIndia represents one of the largest untapped international air transportation marketopportunities that is out there and IndiGo is a natural player to take advantage of thisopportunity specifically because of our large domestic network. We believe we arewell-positioned to capture a share of this international traffic by providing passengersnon-stop flights at low fares.

IndiGo's operational performance hinges around consistency. IndiGo was recognised asone of the leading

On-Time Performers in the Asia-Pacific region by FlightStats Inc. - a leader in globalflight information services part of FlightGlobal – in the 8th Annual Airline On-TimePerformance Service Awards January 2017.

We continue to invest in technology and have entered into our first GDS agreement withTravelport. As we take deliveries of more aircraft and enter new markets this partnershipwith Travelport will help us reach new customers in a cost-effective manner withoutincurring the traditional costs associated with participating in global distributionplatforms. This will make it easier for travel agents around the world to access theIndiGo inventory and sell tickets for IndiGo.

IndiGo remains one of the best employers in India and a great place to work in. Onceagain IndiGo was named as one of the Best Employers in India during the AON Best EmployerSurvey. We grew considerably in the number of respondents who participated and more than80% of our eligible population took the survey. Over 200 companies were consideredrepresenting 12 key industries. This is a recognition that is very close to my heart.

We continue to make a deep impact in the communities we serve with the variousinitiatives under our CSR program called IndiGoReach. We believe we have the Power to Makea Change.

Amongst the many accolades that we received this year the high points were that IndiGowas named once again as the Best Low Cost Carrier – Central Asia / India at theSkytrax World Airline Awards; IndiGo was adjudged as Company of the year at BusinessStandard Award for Corporate Excellence 2016 and The Emerging Company of the Year 2016 atthe ET Awards for Corporate Excellence. For an airline in India to get named Company ofthe Year is a big shot in the arm for the entire aviation sector in India. It is also atestimony to the hard work that 15000 of my colleagues put in literally every day 24/7putting their heart and soul behind every turn and pushing out planes every minutesomewhere on our network. At the same time the high expectations from us just have gothigher! We will keep trying hard to deliver on the promises we make!

Our growth is unprecedented in the world of aviation and taking this as an opportunitywe need to keep on improving to become a consistently-performing world-class airline.

I wish you all many more 6E flights to come!

Aditya Ghosh