#1RYANAIR GROUP 2023 AGM RYANAIR RYANAIR#22023 AGM Prelim. (Proxy) Results For (%) For (%) Ord. Business 1 Accounts 100 4(i) G Doherty 100 2 Rem. Rep. 91 4(j) H Millar 85 3 Dir. Rem. Pol. 73 4(k) M O'Brien 98 4(a) E Brennan 100 4(1) M O'Leary 100 4(b) E Köstinger 100 5 UT Auditor Rem. 100 4(c) A Nolan 100 6 NED Rem. 100 4(d) S McCarthy 88 Spec. Business 4(e) L Phelan 91 7 Allot. ords. 97 4(f) R Brennan 87 8 Pre emp. rts. 100 4(g) M Cawley 76 9 Repur. ords 100 4(h) E Daly 91 10 Boeing order 100 RYANAIR BUZZ Lauda *MALTA AIR RYANAIR RYANAIR Low fares, great care UK 2#3Europe's Lowest Cost Airline Today ✈ Lowest fare/lowest cost EU airline group ✈ No. 1, Traffic: 183.5m (FY24) ✈ No. 1, OTP & reliability ✈ No. 1 EU ESG airline - Sustainalytics RYANAIR YAKAR ✈ 300 MAX-10 order - Decade of Growth ✈ Fin. strength + lowest cost = L.T. winner RYANAIR RYANAIR BUZZ Lauda *MALTA AIR RYANAIR RYANAIR Low fares, great care UK 3#4Europe's Lowest Costs € per pax - Gap Widens RYA WIZ EZJ LUV LUF IAG Staff/efficiency 7 7 13 70 45 49 Airport & Hand. 7 14 28 11 34 46 Route Charges 5 5 5 5 5 Own'ship & maint. 8 16 14 17 52 44 S, M & other 4 5 16 28 31 21 (i) The gap widens: 31 47 (+50%) 76 (+140%) 126 167 166 (ii) Total (pre C-19) 4 (i) Source: latest FY Results. easyJet based on 12m data at 31 Mar. (ii) Source: pre Covid-19 FY Results RYANAIR Low fares, great care 31 39 (+26%) 53 (+71%) 101 142 143 BUZZ Lauda MALTA AIR RYANAIR RYANAIR UK#5Europe's No. 1 Coverage & Choice ✈ 92 bases Aberdeen Oslo (G) Torp Glasgow (1) Glasgow (P) Edinburgh Derry Newcastle Teesside Luleå Lapland Skellefteå Västerås Örebro Stockholm (A) Gothenburg Visby Aalborg Växjö Aarhus Copenhagen Billund Malmo Tempere Lappeenranta Helsinki Tallinn Belfast Manchester Leeds ✈ 228 apts, 36 countries Knock Shannon Hamburg Dublin Liverpool Kerry Birmingham Cardiff Cork Bristol East Midlands London (L) London (ST) London (G) Bremen Amsterdam Münster (OS) Dortmund Paderborn Berlin Eindhoven Maastricht Düsseldorf (w) Leipzig Brussels (Z) Dresden Gdansk Szczecin Olsztyn-Mazury Bydgoszcz Poznan Warsaw (M) Warsaw (C) Wroclaw Lodz Lublin Riga Palanga Kaunas Vilnius Exeter Lille Cologne Newquay Bournemouth Brussels (C) Prague Pardubice Luxembourg Frankfurt (H) Katowice Ostrava Krakow Rzeszow Brno Paris (B) Vatry Baden Nuremberg Kosice Bratislava Strasbourg Vienna Tours ✈ 563 aircraft - 386 on order Dole Nantes Memmingen Salzburg Budapest Basel Poitiers Klagenfurt Clermont La Rochelle Limoges Milan (M) Milan (B) Zagreb Grenoble Brive Bergerac Rodez Turin Verona Treviso Trieste Pula Rijeka Osijek laşi Cluj Bucharest Bordeaux Genoa Toulouse Santiago Asturias Biarritz Carcassonne Vigo Santander Vitoria Lourdes Nimes Marseille Beziers Perpignan Cuneo Parma Venice (M) Banja Luka Bologna Nice Rimini Pisa Forli Zaragoza Girona Figari Rome (C) Perugia Ancona Pescara Zadar Split Dubrovnik Niš Sofia ✈ 3,300 daily flights Valladolid Podgorica Bari Tirana Plovdiv Varna Burgas Porto Madrid Barcelona Lisbon Terceria Castellon Valencia Reus Palma Menorca Alghero Ibiza Rome (F) Naples Thessaloniki Brindisi Cagliari Crotone Corfu Preveza Lamezia Ponta Delgada Maderia Faro Seville Alicante Murcia Palermo Trapani (M) Kefalonia Catania Zakynthos Skiathos Athens Malaga Kalamata Mykonos ♥Kos Lanzarote Jerez Almeria Bodrum Dalaman Santorini ✈ 300m pax FY34 Fuerteventura Tenerife (N) Tenerife (S) Malta Gran Canaria Tangier Tetouan Rabat Fez Marrakesh Essaouira Ouarzazate Agadir Chania Rhodes Nador Oujda Heraklion Paphos Larnaca Tel Aviv Amman Aqaba сл 5 RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR UK#6300 B737-MAX-10 order ✈ 300 Boeing MAX-10's 150 firm & 150 options - Delivs. between 2027 - 2033 ✈ $40bn+ list price - competitive discounts ✈ +21% seats (228 vs 189) & LEAP engines deliv.: - 20% less fuel, CO2 & 50% less noise BOEING DEING RYANAIR IR - est. 10% ex-fuel unit cost savs. (gap widens) RYANAIR approx. 20% more rev. opportunities ✈ 150 acft. to replace older acft., 150 for growth ✈ Sustainable traffic growth to 300m p.a. by FY34 RYANAIR Low fares, great care 6 BUZZ Lauda RYANAIR BOEING RYA RYANAIR BOKING RYANAIR ADEINE VANUR TRYAKAR RYANAIR Neil Sorahan PRTANIA RYANAIR N NAII DASANI 150 Arm-100 *MALTA AIR RYANAIR RYANAIR UK AIR Da Presid E#77 300 MAX-10 Order Decade of Traffic Growth Fleet (y.e.) (m) Pax p.a. Pax Growth y-o-y Cum. Growth (i) FY23 537 169 FY27 652 230 +36% FY28 667 235 +2% +39% FY29 680 240 +2% +42% FY30 700 250 +4% +48% FY31 730 265 +6% +57% FY32 760 280 +6% +66% FY33 790 290 +4% +72% FY34 800 300 +3% +80% (i) Pax growth vs FY23 (168.6m) RYANAIR Low fares, great care BUZZ Lauda MALTA AIR RYANAIR RYANAIR UK#8Current Developments ✈ Robust S.23 demand & record traffic - - Jun: 17.4m pax (95% LF) Jul: 18.7m pax (96% LF) - Aug: 18.9m pax (96% LF) ✈ Strong S.23 op. resilience - higher crew ratios & double ops cap. ✈ Challenges remain into H2 FY24 ✈ FY24 traffic 183.5m (up +9%) ✈ Market share gains across EU mkts. - new CPH base & Albania entry W.23 ✈ 300 Boeing MAX-10 order - a decade of growth to 300m pax in FY34 80 RYANAIR BUZZ Low fares, great care Lauda *MALTA AIR RYANAIR RYANAIR UK#9Challenges remain in FY24 + Over 64 days of FR ATC strikes since 01 Jan. + 2,000 flights canx. & OTP impacted 1.5m "Protect overflights" petition - Sept. 23 H2 uncert. - ATC strikes, oil prices, infla. & int. rates RYA best positioned to thrive (lowest cost provider) RYANAIR BUZZ 9 Lauda *MALTA AIR Low fares, great care PROTECT ORIGHTS KEEP EU SKIES OPEN 1.5 MILLION SIGNATURES Sept. 23 - Celebrating RYA's 1.5m signatures petition to EU with cream cake! RYANAIR RYANAIR UK#10Strong Mkt Share Gains Across Europe * No. 1 No. 2 No. 3 Share gain Italy RYANAIR (38%) ITA EZJ +12pts Poland RYANAIR (37%) Wizz LOT +12pts Hungary Wizz RYANAIR (28%) LUF +11pts Ireland RYANAIR (58%) A. Lingus BA +10pts Austria Austrian RYANAIR (19%) E'wings +6pts Spain RYANAIR (24%) Vueling Iberia +4pts UK easyJet RYANAIR (22%) BA +3pts Source: Ryanair market analysis & Cirium based on departing seats; *S.23 vs S.19 IATA season RYANAIR Low fares, great care 10 BUZZ Lauda *MALTA AIR RYANAIR RYANAIR UK#11Summary ✈ 183.5m+ pax in FY24 - L.F. active / yield pass. ✈ MAX-10 order delivs. lower cost growth to 300m pax by FY34 ✈ Invested in ops. & c'mer service resilience ✈ Strong BBB+ balance sheet = fleet & market gains ✈ Ind. leading enviro. & ESG performance ✈ Fin. strength / lowest cost / sust. growth = L.T. winner RYANAIR BUZZ Lauda *MALTA AIR RYANAIR RYANAIR Low fares, great care UK 11#12Questions? RYANAIR 0 YANAIR PET ESV#13Appendix: EU Ownership & Control / Traffic Rights (post-Brexit) ✈ EU airline licences protected - - - Since 2002 non-EU nationals not allowed to buy Ryanair Ord. Shares Since 2021 UK investors covered by the above prohibition EU shareholding 32% (Mar. 21) ⇒ 46% (Mar. 23) Voting rights of non-EU (incl. UK) shareholders restricted until EU > 50% ✈ Traffic rights preserved 13 - EU-UK routes • Ryanair Buzz Malta Air • Lauda • Ryanair UK UK domestic & UK-third country routes Ryanair UK RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR UK#14Appendix: Environment Update ✈ Reset CO2 pax/km tgt: 50g in FY31 (was 60g) SBTI Aligned ✈ Sig. investment in fuel efficient acft. ("G'changers & MAX-10) - ✈ NG scim. winglets (1.5% fuel red.) — c.100 acft. by yr. end ✈ 4x SAF MOUs: Neste, OMV, Repsol, Shell (12.5% by 2030) - 9.5% secured already ✈ Continued investment in Sust. Aviation Research (TCD) RYANAIR RYANAIR BUZZ Lauda *MALTA AIR RYANAIR RYANAIR Low fares, great care UK 14