December 5, 2016 Department of Corporate Services, BSE Limited
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SpiceJet Limited 319 Udyog Vihar, Phase-IV, Gurgaon 122016, Haryana, India. Tel: + 91 124 3913939 Fax: + 91 124 3913844 December 5, 2016 Department of Corporate Services, BSE Limited, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Reference: Scrip Code: 500285 and Scrip ID: SPICEJET Subject: Schedule of Analyst / Institutional Investor Meetings Dear Sir, This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the schedule of Analyst / Investor Meetings with the Company is as under: Date Name Type of Meeting Venue December Overseas Non Deal One-on-One/Group Singapore 6, 2016 Road Show The presentation to be discussed during the meeting is attached herewith. Note: 1. Date of the aforesaid meeting is subject to change due to exigencies on the part of Analyst / Institutional Investor or the Company. 2. No Unpublished Price Sensitive Information will be shared during the Meetings. This is for your information and record. Thanking you, Yours truly, For SpiceJet Limited Chandan Sand VP (Legal) & Company Secretary Encl.: As above Registered Office: Indira Gandhi International Airport, Terminal 1D, New Delhi 110037, India. Website: www.spicejet.com CIN: L51909DL1984PLC288239 CorporateCorporate Presentation Presentation December 2016 December 2016 Disclaimer The information in this presentation has been prepared by SpiceJet Limited (the "Company") solely to be used for this presentation and have not been independently verified. No representations or warranties, express or implied, are made by the Company or any of its members, directors, officers or employees or any other person as to its fairness, accuracy, completeness or correctness and no reliance should be placed on the information or opinions presented or contained in this presentation. This presentation is for information purposes only and is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the Company. This presentation should not be relied upon as the basis of an investment decision in securities of the Company. It is not the intention to provide a complete or comprehensive analysis of the financial or trading positions or prospects of the Company. None of the Company or any of its directors, officers, employees, agents, affiliates, advisers or representatives accepts any liability whatsoever from any loss howsoever arising from any information or opinions information or opinions presented or contained in this presentation or otherwise arising in connection with this presentation. The information and opinions presented or contained in this presentation are provided as on the date of this presentation and are subject to change without notice and the accuracy of the information is not guaranteed. The distribution of this presentation in certain jurisdictions may be restricted by law and persons who come into possession of this presentation should observe any such applicable restrictions. The Company cannot be held liable for distribution of the presentation by the investors who come into possession of the presentation or for non compliance with applicable laws or restrictions. Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in aviation sector including those factors which may affect our cost advantage, wage fluctuations, our ability to attract and retain highly skilled professionals, time and cost overruns on various parameters, our ability to manage international operations, reduced demand for air travel, liability for damages, withdrawal or expiration of governmental fiscal incentives, political instability, legal restrictions on raising capital or general economic conditions affecting our industry. The words "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us, are intended to identify certain of such forward looking statements. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. By accessing or accepting any copy of this presentation, you agree to be bound by the foregoing limitations. 2 Table of Contents 1 Industry Snapshot 2 Spicejet: Fact Sheet 3 Corporate Strategy 4 Key Financials and Stock Price Performance 5 The Road Ahead – In Short 3 Table of Contents 1 Industry Snapshot 2 Spicejet: Fact Sheet 3 Corporate Strategy 4 Key Financials and Stock Price Performance 5 The Road Ahead – In Short 4 Indian Elephant: Marching along at Increasing Pace Real GDP CAGR from CY2015 to CY2021E Strong Economic Growth 7.6% 6.1% 5.3% India retains its position as the 3.5% World average of 3.6% fastest growing major economy of 3.4% the world ahead of China in FY16 1.9% 1.8% 1.7% S&P, Moody’s and Fitch project India’s GDP to grow between 7.5% India China ASEAN-5 Middle East & North Sub-Saharan Africa Latin America & European Union Advanced economies - 8% in the coming financial years Africa Caribbean Source: IMF, World Economic Outlook, October 2016 Population CAGR 0.4% 1.3% 0.7% 1.3% 0.7% (0.1% (0.4%) 1.0% 2.0% 0.2% 1.0% 0.1% 0.5% 0.4% 1.1% (0.1)% 1.2% 1.7% 1.7% 1.2% Continued Population Growth (CY2015-CY2021) 1,373 1,293 322 2nd most populous country with 255 204 143 127 121 102 1.29 billion people growing at a 82 78 69 64 61 48 46 36 31 24 5 CAGR of 1.3% USA Italy India Spain Brazil China Japan Russia France Turkey Mexico Canada Norway Thailand Malaysia Australia Germany Colombia Indonesia Plilippines Note Population date for all countries, actual and estimates, are from the IMF, World Outlook, October 2016. CY2015 population data is updated for all countries except India, Brazil and Thailand , for which data has been estimated by the IMF. CY2016 to CY2021 population data for all countries are estimates by the IMF. Top 5 emerging markets with best Expansion of the Middle Class India’s global middle class middle class potential (2015-2030) (millions of people) Over the 2015-2030 period, the Indian median income per household is set to increase by 89.8% in real terms to reach US$10,073 (in constant 2014 prices) By 2030, the number of middle class households in India will exceed 90 million, retaining its current rank as the world’s 2nd largest middle class Source: Euromonitor International Source: IEMS 5 Indian Air Travel Market Potential Strong Growth in Tourism Domestic nationals’ visits within India (million) Indian nationals’ departures from India (million) 1,432 20 Total contribution of Travel & 1,283 18 1,143 17 Tourism to GDP was INR8,309.4bn 1,045 15 14 (6.3% of GDP) in 2015 and is 865 forecast to rise by 7.5% p.a. to INR18,362.2bn (7.2% of GDP) by 2026 Acc. to IATA India’s air travel sector supports 8 million jobs and contributes USD 72 billion in the CY2011 CY2012 CY2013 CY2014 CY2015 CY2011 CY2012 CY2013 CY2014 CY2015 GDP Source: India Tourism Statistics, Ministry of Tourism Low Aircraft Penetration Rates Annual Trips per Capita – CY 2015 4.56 One of the lowest penetration 2.88 rates – 0.08 annual trips per capita 2.01 2.00 1.63 1.33 1.17 1.11 0.81 0.85 1.05 1.00 for CY 2015 0.39 0.40 0.50 0.50 0.55 0.08 0.34 0.35 Lowest amongst developing USA Italy India Spain Brazil China Japan Russia France Turkey Mexico Canada Norway Thailand Australia nations like Brazil, Turkey, Malaysia Germany Colombia Indonesia Philippines Indonesia and China Source: Airbus Global Market Forecast 2016 Expansion in Infrastructure Domestic Air Passenger Traffic Forecast (Top 10 Markets) & Capacity to Support Growing 12.0% Demand 10.0% 2015-2025 CAGR 2025-2035 CAGR Public-private partnerships 8.0% State-of-the-art greenfield airports 6.0% – work on for brownfield airports 4.0% Domestic India is projected to be 2.0% fastest growing aviation market at 11% CAGR (2015-25) and 9% CAGR 0.0% Domestic India Domestic PRC Domestic Turkey Domestic Asia Domestic Sub Domestic South Domestic South Domestic Brazil Domestic North Domestic (2015-2035) Emerging Sahara Africa America Africa Africa Caribbean Source: Airbus Global Market Forecast 2016 6 Indian Air Travel Market Demand & Supply Strong underlying demand ASK of Domestic Scheduled Services (billion) RPK of Domestic Scheduled Services (billions) to match supply This is clearly a growth market. 81 Supply growth has been in line 67 59 57 59 with Demand. 53 55 44 45 Domestic growth has seen a spurt 38 in the last 2 years on account of economic buoyancy and reasonable fares due to low ATF prices. FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 7M 7M FY FY16 17 The National Aviation Policy Source: DGCA 2016, will further give a boost to regional connectivity and will drive demand from the secondary and tertiary cities. Creation of Regional Connectivity fund for VGF through a small levy per departure on domestic flights¹ is positive for airline operators International keeps opening up and the travel patterns are becoming more Point to point.