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1 Earnings Presentation Q2 FY27 October 29, 2026 InterGlobe Aviation Ltd.
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Safe Harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward- looking statements. This document forms part of the quarterly earnings release and should be viewed together with the Earnings Press Release. Note: This presentation has been prepared based on consolidated financial statements 2
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Dubai Kuwait Dammam Bahrain Abu Dhabi Muscat Doha Sharjah Jeddah Riyadh Tbilisi Baku Tashkent Almaty Nairobi Jakarta Maldives Singapore Kuala Lumpur Dhaka Kathmandu Colombo Ho Chi Minh City Hanoi Bangkok Phuket Istanbul Hong Kong Guangzhou Ras Al Khaimah Delhi Kolkata Chennai Bengaluru HyderabadMumbai Denpasar Amsterdam Jaffna Mauritius Penang Langkawi Madinah Krabi Seychelles Fujairah Athens London Siem Reap Shanghai Réunion 3 New destinations added during the quarter Existing domestic stations Metros International destinations ^Includes 3 A321 freighters and 5 B787 Damp leases **During Q2’27, provided services to 98 additional international destinations through strategic partnerships * Includes 7 destinations which were non-operational during the quarter Note: The image is for reference purpose only IndiGo – Network presence 40.8 bn 32.8 bn 442^ 97 42* ASKs RPKs Closing Aircraft Domestic Destinations -1.0% -3.7% +25 +3 +1International Destinations** Q2’27 (change vs Q2’26) 3
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4 Fleet Breakup 4 Closing Fleet Owned Finance Lease Operating lease Damp Lease 30th Sep 2026 30th Jun 2026 30th Sep 2025 A320neo A320ceo A321neo A321 XLR ATR A321 Freighter B787 B737 A320ceo A321neo 442 432 417 41 66 330 5 36 60 329 7 14 62 333 8 174 26 186 44 3 4 174 26 175 44 3 3 180 26 153 47 3 - 5 - - - B777 - 6 - - 1 - 2 - 4 - 2 Damp Lease Owned / Leased Fleet type
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QUARTERLY HIGHLIGHTS : Q2FY27 vs Q2FY26 5
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Financial Summary Particulars (in INR million) Quarter Ended Sep’26 Sep’25 Favorable/ (Adverse) ASK (billion) 40.8 41.2 (1.0%) Total income 243,119 195,995 24.0% RASK* (INR) 5.76 4.55 26.4% Total expenses 261,884 220,812 (18.6%) CASK* (INR) 6.22 5.16 (20.6%) CASK ex fuel* (INR) 3.77 3.71 (1.8%) EBITDAR 24,599 11,143 120.8% EBITDAR Margin (%) 10.5% 6.0% 4.5 pts EBITDAR (ex-forex)# 36,153 38,003 (4.9%) EBITDAR Margin (ex-forex)# 15.5% 20.5% (5.0 pts) PBT (18,765) (24,817) 24.4% PBT Margin (%) (8.0%) (13.4%) 5.3 pts PAT (18,791) (25,821) 27.2% PAT Margin (%) (8.0%) (13.9%) 5.9 pts PAT (ex-forex)# (7,237) 1,039 (796.5%) PAT Margin (ex-forex)# (3.1%) 0.6% (3.7 pts) * Net of finance income of INR 8,220 million and INR 8,294 million for quarter ended Sep’26 and Sep’25 respectively # Net of Forex loss, gain on forex hedging of INR 1,778 million and INR 2,061 million for quarter ended Sep’26 and Sep’25 respectively 6
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Revenue breakup Particulars (in INR million) Quarter Ended Sep’26 Sep’25 Favorable/ (Adverse) Revenue from operations 233,638 185,553 25.9% Other income 9,481 10,442 (9.2%) Total income 243,119 195,995 24.0% ASK (billion) 40.8 41.2 (1.0%) RPK (billion) 32.8 34.0 (3.7%) Load factor (%) 80.3% 82.5% (2.2 pts) Yield (INR) 6.30 4.69 34.3% RASK* (INR) 5.76 4.55 26.4% * Net of finance income of INR 8,220 million and INR 8,294 million for quarter ended Sep’26 and Sep’25 respectively Note: The above operational metrics includes non-scheduled operations. 7
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Non-Ind AS measures - RASK Particulars (in INR million) Quarter Ended Sep’26 Sep’25 Total revenue 243,119 195,995 Less: finance income 8,220 8,294 Total revenue less finance income (A) 234,899 187,701 ASK (millions) (B) 40,797 41,220 RASK (INR) (C=A/B) 5.76 4.55 8
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Cost breakup Particulars (in INR million) Quarter Ended Sep’26 Sep’25 Favorable/ (Adverse) Supplementary rentals and aircraft repair and maintenance (net) 35,809 32,630 (9.7%) Depreciation and amortization expenses 30,742 26,405 (16.4%) Finance costs 16,578 14,649 (13.2%) Aircraft and engine rentals (net) 4,264 3,200 (33.3%) Airport fees and charges 16,582 15,155 (9.4%) Employee costs 22,737 20,448 (11.2%) Consumption of stock in trade 1,470 1,127 (30.4%) Other expenses 20,702 18,659 (10.9%) Total expenses (excl fuel & forex) 148,884 132,273 (12.6%) Aircraft fuel expenses 99,668 59,618 (67.2%) Foreign exchange (gain)/ loss (net) 13,332 28,921 53.9% Total expenses 261,884 220,812 (18.6%) CASK* (INR) 6.22 5.16 (20.6%) CASK ex fuel* (INR) 3.77 3.71 (1.8%) CASK ex fuel ex forex* (INR) 3.45 3.01 (14.6%) Average Exchange Rate (USD/INR) 95.09 87.06 (9.2%) Closing Exchange Rate (USD/INR) 95.85 88.79 (8.0%) * Net of finance income of INR 8,220 million and INR 8,294 million for quarter ended Sep’26 and Sep’25 respectively 9
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Non-Ind AS measures - CASK Particulars (in INR million) Quarter Ended Sep’26 Sep’25 Total expenses 261,884 220,812 Less: finance income 8,220 8,294 Total expense less finance income (A) 253,664 212,518 ASK (millions) (B) 40,797 41,220 CASK (INR) (C=A/B) 6.22 5.16 Fuel cost/ ASK (INR) (D) 2.44 1.45 CASK ex fuel (INR) (E=C-D) 3.77 3.71 Forex cost/ ASK (INR) (F) 0.33 0.70 CASK ex fuel ex forex (INR) (G=E-F) 3.45 3.01 10
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Non-Ind AS measures - EBITDAR Particulars (in INR million) Quarter Ended Sep’26 Sep’25 PBT (18,765) (24,817) Finance cost 16,578 14,649 Less: Finance income 8,220 8,294 Depreciation & amortization 30,742 26,405 Aircraft and engine rentals 4,264 3,200 EBITDAR (A) 24,599 11,143 Forex* 11,554 26,860 EBITDAR ex-forex (B) 36,153 38,003 Revenue from Operations (C) 233,638 185,553 EBITDAR Margin (D=A/C) 10.5% 6.0% EBITDAR Margin ex-Forex (E=B/C) 15.5% 20.5% * including gain on forex hedging of INR 1,778 million and INR 2,061 million for quarter ended Sep’26 and Sep’25 respectively 11
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Cash and Debt 399,290 385,167 127,564 149,985 526,854 535,152 Sep-26Sep-25 Cash (INR mn) Free Cash Restricted Cash Total Cash 551,592 496,514 321,439 251,624 873,031 748,138 Sep-26Sep-25 Capitalized operating lease liability Debt excluding capitalized operating lease liability Total Debt Debt (INR mn) (1.6%) (16.7%) (14.9%) +3.7% (27.7%) (11.1%) 12
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Financial performance indicators – Q2 FY27 153,138 186,661 220,812 261,884 Q2FY24 Q2FY25 Q2FY26 Q2FY27 10.5%6.0%14.3%16.4% (8.0%)(13.9%)(5.8%)1.3% Margin% 155,029 177,590 195,995 243,119 Q2FY24 Q2FY25 Q2FY26 Q2FY27 24,465 24,340 11,143 24,599 Q2FY24 Q2FY25 Q2FY26 Q2FY27 Total revenue (INR mn) EBITDAR (INR mn) Total expenses (INR mn) PAT (INR mn) 1,889 (9,867) (25,821) (18,791) Q2FY24 Q2FY25 Q2FY26 Q2FY27 13
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Definitions and Abbreviations 14 Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer CASK ex fuel ex forex Total Cost excluding forex and fuel cost net of finance income per Available Seat Kilometer EBITDAR Earnings before finance income and cost, tax, depreciation & amortization, aircraft & engine rentals and exceptional items EBITDAR margin EBITDAR / Revenue from Operations Load Factor Revenue Passenger Kilometer / Available Seat Kilometer PAT margin PAT / Revenue from Operations RASK Total Revenue net of finance income per Available Seat Kilometer RPK Revenue Passenger Kilometer Yield Passenger Ticket Revenue / Revenue Passenger Kilometer