#1#2EUROPES ONLY ULTRA LOW COST CARRIER OFT You CIT Proven, resilient business model Structural cost advantages deliver Europe's lowest fares Europe's No 1, traffic Europe's No 1, coverage Europe's No 1, customer service - 84.6m (No.1 or 2 in most markets) 68 Bases, 186 Airports, 30 countries On time, fewest lost bags & cancellations Improving customer & digital experience Low cost aircraft order delivers traffic growth to over 110m by FY 19 Industry leading cash generation & liquidity Unblemished 30 year safety record Worlds highest rated airline BBB+ S&P / BBB+ Fitch LOW FARES. MADE SIMPLE. © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 2#3RESILIANT MODEL - PROFITABLE GROWTH THROUGH CYCLE 35.2% 130 2000 6 37.0% 2000 EBITDAR (€m's) EBITDAR Margin 180 2001 9/11 36.2% Customers (m's) 8 2001 226 2002 11 2002 40.4% 340 2003 SARS 16 2003 T 35.4% 381 2004 Madrid Bombings 23 2004 T 35.8% 473 2005 London Bombings 28 T 2005 32.3% 547 2006 35 2006 30.1% 673 2007 45 2007 29.0% 786 2008 Financial Crisis & Oil Spike 51 2008 T 14.5% 427 2009 59 2009 LOW FARES. MADE SIMPLE. © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 34.5% 733 2010 Ash Cloud 67 2010 23.8% 863 2011 72 24.7% 2011 1,083 EU Recession 2012 76 2012 23.5% 1,146 2013 79 2013 22.0% 1,112 2014 81.7 2014 7 3#4#5EUROPE'S LOWEST FARES LOW Ryanair MEDIUM HIGH Norwegian easyJet Aer Lingus (s/h) Air Berlin Alitalia Lufthansa IAG AF-KLM Source: Latest company annual reports. Avg. Fare €46 (-4%) €83 €84 €93 €121 €148 €235 €242 €300 LOW FARES. MADE SIMPLE. © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair % > Ryanair + 80% + 83% + 102% + 163% + 222% + 411% + 426% + 552% LO#6#7#8#9#10#11#12#13#14#15#16#17#18#19#20#21#22#23#24#25#26#27