GMR Energy & GMR Airports

Partnership

Discussion Document

August 2022

1
Key Objective of Discussion

• Introduction to GMR Energy 2.0

• Deliberate on partnership opportunities

between GMR Airports and GMR Energy

2
 Three mega trends are driving shift in global energy landscape.

I L L U S T R AT I V E

1 Sustainability 3 Technology
• Push for decarbonisation • Confluence of demand and supply
driving commitments across side disruptive technologies
the globe across the energy value chain
• Shifting end-user demand from • Globally, there are ~10k+
fossil fuels to green energy Clean Tech startups (~4k
• 100+ countries have committed funded)
to become net-zero by 2050
• More than 1/3 of global startup
investments expected to be
towards Clean Tech by 2025

2 Capital
• Reoriented capital flows to support ‘ESG’ topics → emerging focus area for global investment funds
• Mobilization of investments across the energy value chain by incumbent energy and technology players
• ESG focused investments are expected to increase to ~$50 Trillion by 2025 (vs. ~$35 Trillion presently)
Source: Businessinsider, Bloomberg, analyst reports, Economic times 3
 GMR Energy has embarked on green energy transition journey with focus on
tapping new and emerging profit pools.
• Net zero for C&I: full stack solutions including distributed
2a solar, power trading, EEaS, CCUS, Green H2, etc.
• Smart Mobility: energy replenishment solutions
2b including EV charging, battery swapping along with
end-to-end management (Discovery → Billing)

• GMR’s legacy assets:

improve efficiency and
profitability across Coal
(~1.6GW) and Natural gas
(~1.1GW) • House of the consumer:
3 solutions including distribution
franchisee, smart meter,
distributed solar, EEaS, etc.

GMR end
1• Round the Clock Power Supply:
bundling of solar+ other sources
point (e.g., thermal, wind, battery, etc.)

• GMR’s pipeline hydro assets:

GMR starting operationalize assets and participate
point in green RTC tenders
– Current Assets: Bajoli Holi (~180MW),
Upper Karnali (~900MW), Alaknanda
(~300MW), Talong (~225MW)

“Green” energy assets and solutions to be housed under a separate entity within GMR Energy
4
 GHG Protocol divides airport emissions into three types.
Scope 1
Direct emissions from airports or
controlled sources (On-site power
generation, heating/cooling, etc.)
1 3
2
Scope 3
Scope 2
Emissions from other sources
Indirect emissions from airports or
related to the activities of an
purchased energy from grid
airport (Aircraft ground
movement, staff commute, etc.)
5
 Airports are at the fulcrum of an ecosystem with multiple carbon-emitting sources.

I L L U S T R AT I V E
04
16
04
Scope 1 – 16
17
Direct emissions from airport or controlled sources 09
02
19

01 Vehicles/ground support equipment belonging to the airport 03

17
02 On-site waste management
05
07 20
03 On-site waste water management
01 10
13 11
06 13
04 On-site power generation 13

05 Firefighting exercises 12

C 13
06 Boilers, furnaces
A B 08 21
07 De-icing substances
10
01
08 Refrigerant losses 02
14

15
Scope 3 –
Scope 2 – Emissions from other sources related to the
Indirect emissions from airports 18 activities of an airport
or purchased energy from grid 14
Passenger travel to the
10 Flights 14 18 Staff business travel
09 Off-site electricity generation 15 airport
Non-road construction
A Heating 11 Aircraft ground movements 15 Staff commute 19
vehicles and equipment

B Cooling 12 Auxiliary Power Unit 16 Off-site waste management 20 De-icing substances

14

C Lighting 3rd party vehicles/ground

13 17 Off-site water management 21 Refrigerant losses
support equipment

Source: Airport Carbon Accreditation (ACI) 6

 GMR Airports GMR Energy can partner to create value for GMR Group.

FOR DISCUSSION

Phase 1: Phase 2
(GMR Airports) (Global Airports)

A Develop EV charging infra:

Install 100% green stations including fleet management,
C Joint business partnership to drive Net
discovery app, billing, etc. → potential to install 75+ EV
charging points across GHIAL Zero solutions to other airports
Deep dive ahead
only ~75 airports out of 1200+ globally have
B Accelerate ongoing initiatives: attained level 3+ accreditation or higher →
Scale existing initiatives e.g., Energy Efficiency at GHIAL,
potential for GHIAL & GMR Energy to offer
and deploy Net Zero solutions for Aero City
comprehensive net-zero solution offering

7
A EV ecosystem in India is still in its nascency but growing fast driven by strong
regulatory push.

Growth expected in EV
penetration globally; India to EV charging stations in India to Strong regulatory push for
see sharp uptick grow exponentially over 5 years adoption of commercial EVs

“Aggregators and delivery services

would need to ensure that 50% of new
2W and 25% of new 4W vehicles are
electric by March 2023”
Expected penetration by ‘30:
2W: 25-35% Environment Minister (Delhi
3W: 65-75%
4W (personal): 10-15% Govt.)
4W (commercial): 20-30% “Govt. has increased its focus on rapid
deployment of public EV charging infra.
in 9 mega cities (incl. Delhi, Hyderabad)
resulting in 2.5 times increase in the
Global India number of charging stations”
Ministry of Power (GoI)

“MHI had invited proposals from govt.

organizations, PSUs… to build and
operate public EV charging infra. on 16
expressways and national highways”
Ministry of Power (GoI)

8
 GMR to emerge as pioneer of energy replenishment solutions including ‘State of
A the Art’ EV charging

• EV replenishment solutions including Robust charging facilities

end to end management at GMR
Airports (e.g., Delhi, Hyderabad, etc.) • 100% green power-based charging
(first of its kind in Indian ecosystem)

• Charging stations at key locations

• Combination of Fast, slow chargers

State of the art services

• End to end management

• EV replenishment (charging to billing)
solutions across
commercial locations
(e.g., Aero City) • Services for fleets, vehicle owners

• EV replenishment
• EV replenishment solutions across • Ancillary Services (incl. battery care,
solutions across Highways (operated by brake fluid service, coolant service)
residential locations GMR)

9
 GMR has covered all bases through in-house capabilities/ partnerships

1 EV Charging hardware: 2 EV Charging software: 3 EPC and O&M:

DC fast charging stations (60kW power) End-to-end solutions (charger discovery, In-house capabilities for both EPC
offering fast charging for cars (1-2 hours) range calculation) with dedicated fleet and operations & maintenance of EV
and buses (4-6 hours) management services charging stations → potential to
mobilize GEMS play

Partnership

4 End users: 5 Real Estate/ Infrastructure: 6 Power supply:

Strategic partnerships to aide in Access to premium locations with dedicated 100% green power supply for EV
setting up of additional charging charging spaces, high EV penetration%, charging stations through open access
stations, backed by data insights charger utilization and waiting time solar and merchant market (GETL)

Energy

10
 Proposed approach to creating smart mobility ecosystem.
A

Capabilities required for delivering solution Airport Energy

Area (space allocation for setting-up EV station)

Upfront investment

Infrastructure creation

Hardware installation (Fast chargers, slow chargers)

Software platform (for users, stakeholders)

Operations

Asset utilization (scheduling, demand management)

100% Green Power supply for charging stations

Billing

Maintenance

Marketing (Users – taxis, personal vehicles)

11
A
Value-addition for
all stakeholders
GMR Group
• Market entry at scale by leveraging group captive assets

• Value-addition for group companies (e.g.: GMR Airports, GEMS) with respect to revenue
growth, ESG compliance

• New business creation for the Group with attractive valuation and high impact

End-users (primarily fleet operators)

• End to end EV charging solutions including stations for all vehicles types (2W/ 3W/ 4W)

• High quality service driven by robust charging solutions → affiliation to global charging
networks, availability of fast and slow chargers

• Online services including charger discovery (reduce idle time through better visibility on
waiting time), rating, billing solutions, etc.

• Fleet monitoring solutions (real-time analytics for decision making processes) →

increased economics value driven by higher fleet utilization

• Support in achieving ESG norms / net-zero targets → potential to transition to EV fleet

12
 High potential of taking ‘net zero’ as an offering to airports across the globe and
C
create new revenue stream

1 2 3

Assessment Execution Certification

Map carbon emissions across
different use cases
Consultancy to help airports
become ‘carbon-zero’ via:
Clean Energy, energy efficiency,
EV charging infra, etc.
Implementation support for ‘net-
zero’ initiatives
Strong Partnership ecosystem
across full stack
Accreditation support to
achieve recognition for best
practices including:
Carbon management and
Emissions reduction

Smart mobility Energy Efficiency

13
 Next Steps

Action Items Proposed timelines

Joint working team from GMR Airport and GMR

~1 week
Energy to detail out the EV Charging opportunity

Jointly identify opportunities to accelerate the

‘net-zero’ journey for GMR Airport with GMR Energy
~2 week
support

Develop business plan to take forward ‘net-zero’

~3 week
solutions to other airports

14
Thank You

15