#1RESULTS 2022 AIRFRANCE KLM GROUP#2FULL YEAR 2022 HIGHLIGHTS Benjamin Smith - Chief Executive Officer Air France-KLM AIRFRANCE KLM 2 GROUP#3AIR FRANCE-KLM LED THE EUROPEAN RESTORATION, SUCCESSFULLY LEVERAGING THE UNPRECEDENTED SURGE IN DEMAND Evolution of capacity since January 2020 ASK index vs. 20191 2020 2021 2022 100 Air France-KLM ⚫IAG Lufthansa Group - - Worldwide 2023 Air France-KLM anticipated and led the European recovery, deploying the most ambitious offer restoration for its customers, tackling operational challenges linked to the demand surge 1) Source OAG AIRFRANCE KLM GROUP M#4AIR FRANCE-KLM CLOSED ITS PROFITABILITY GAP WITH PEERS, BUILDING MOMENTUM AND STRENGTHENING ITS PERFORMANCE FOUNDATION Profitability evolution (2019 vs. 2022) EBIT Margin -4.7pt IATA forecasts show disparities in the recovery across the industry 7.1% 8.9% 2019 4.5% 4.2% Air France-KLM 4.5-5.5% 1) Source IATA 2) Source Bloomberg estimates for Lufthansa Group and IAG 2022 -1.3% US and Europe carriers were at the forefront of the recovery, led by a dynamic environment Worldwide¹ Europe (estimation for 20222) Thanks to its deep transformation, continuous improvement mindset and fit-for-market ambitious strategy, Air France-KLM is closing on competition's profitability AIRFRANCE KLM GROUP 4#52022 AS A NEW REFERENCE FOR OUR GROUP • Positive Full Year operating result of €1.2bn, above 2019 level Passengers carried -19% 104m 45m 34m €27bn 83m Group revenues -4% €14bn €11bn €26bn 2019 2020 2021 2022 2019 2020 2021 2022 • Adjusted Operating Free Cash Flow €1.9bn of €0.7bn further • Positive net income income strengthening the balance sheet • Solid €10.6bn cash at hand and strong net debt reduction by €1.9bn versus Dec 2021 resulting in Net Debt/EBITDA ratio of 1.8x Operating result +€0.1bn FTE's¹ -11.8% 85.6k €1.1bn €1.2bn 76.9k 73.1k 75.5k -€1.6bn -€4.5bn 2019 2020 2021 2022 2019 2020 2021 2022 • Total transformation savings €2.1bn by the end of 2022 1) December snapshot AIRFRANCE KLM GROUP 5#6AGILE AND PERSISTENT RECOVERY FOR OUR PASSENGER NETWORK Evolution load factors and Corporate indicators Load Factors Premium¹ cabins Air France & KLM Long Haul Passenger Network Load Factors Economy² cabins Air France & KLM Long Haul Passenger Network 2022 Corporate Revenue & Traffic³ Air France & KLM Passenger Network 62 78 79 2019 78 Q1 Q2 Q3 Q4 2022 76 91 86 86 2019 Q1 Q2 Q3 Q4 Air France-KLM performance acceleration across all levers 12% revenues from partnerships4 +1.6pt vs. 2019 €800m ancillaries revenues +7% vs. 2019 2022 1) Premium First & Business 2) Economy Premium Economy & Economy 3) Index vs. 2019 4) Partner enabled revenues are considered here and are the sum of Network Contribution (issued by Air France-KLM, flown on at least one Air France-KLM flight) and Net Transport Revenue (issued by Partner Airline, flown on Air France-KLM flights) 76 75 69 60 45 43 62 Traffic Revenue Q1 Q2 Q3 Q4 Agile & Flexible network & resources allocation AIRFRANCE KLM GROUP 6#7A SUCCESSFUL YEAR SUPPORTED BY ALL OUR BUSINESSES WITH CONCRETE ACHIEVEMENTS t transavia transa Fleet size close to 100 aircraft & more than 40 new destinations vs. 2019 Financial trajectory in line with the roadmap A320neo training and preparation right on path to start operations by end of 2023 1) CBSA: CFMI Branded Service Agreement for LEAP 1A (A320neo) and 1B (737 Max) engines AIRFRANCE/ L967 AIRFRANCE/KLM Martinair CARGO Renewal of full freighter fleet with 8 A350F firm orders AIRFRANCE/ KLM INDUSTRIES Engineering & Maintenance Digital transformation drives record online bookings (above 70%) 10-year cooperation agreement with CMA CGM Group AIRFRANCE INDUSTRIES KLM Engineering & Maintenance Finalization of CFMI LEAP Engine CBSA¹: solidifying our position as world-leading engine MRO provider Signature of Pratt & Whitney and Rolls Royce contracts, allowing Air France-KLM to expand its capabilities Signed significant number of 3rd party customer contracts AIRFRANCE KLM GROUP 7#8Q4 2022 FINANCIAL RESULTS Steven Zaat - Chief Financial Officer Air France-KLM AIRFRANCE KLM 8 GROUP#9HIGHEST Q4 REVENUE IN HISTORY AND OPERATING MARGIN ABOVE 2019 LEVEL 1 Q4 2022 Q4 2021 Q4 2019 Change versus 2021 Change versus 2019 Revenues (€ m) 7,128 4,838 6,615 +2,290m +513m Aircraft Fuel (€ m) 2,057 937 1,394 +1,120m +663m Salary cost (€ m)² 2,049 1,526 2,108 +523m -59m Other operating expenses (€ m) 2,236 1,547 2,248 +689m -12m EBITDA (€ m) 786 828 865 -42m -79m Operating result (€ m) 134 179 94 -45m +40m Operating margin 1.9% 3.7% 1.4% -1.8 pt +0.5 pt Net income - Group part (€ m) 496 -126 155 +622m +341m 1) Restated figures include the change in accounting principles for pensions (interpretation of IAS19 2) Furlough schemes accounted for €159m in Q4 2021, €4m in Q4 2022 AIRFRANCE KLM GROUP の#10STRONG YIELDS ON OUR DIVERSIFIED NETWORK Q4 2022 vs Q4 2019 -16.4% Premium¹ 76% 3.6 pt Economy¹ 20.2% 87% 24.0% North America 87% 3.1% -2.5 pt 24.1% Caribbean & Indian Ocean Short & Medium Haul¹ 80% Total Long Haul 87% 29.4% 17.1% -14.1% -0.4 pt -20.7% -3.6 pt 7.0% 89% 1.9 pt 41.8% 20.0% -15.2% -0.9 pt South America 91% 40.6% 4,1 pt Total 86% -11.1% 21.6% -10.7% -1.4 pt Transavia 85% -6.5 pt Africa 17.8% 85% 23.3% 1.3 pt -6.9% Asia & Middle East 85% -3.5 pt -44.1% 40.7% ASK xx pt Load factor change Actual Load Yield XX% 1) Air France-KLM network, excluding Transavia factor Q4 2022 AIRFRANCE KLM GROUP 10#11AIR FRANCE OPERATING MARGIN WELL ABOVE 2019 WHILE CAPACITY RESTRICTIONS AT SCHIPHOL HAMPERED KLM PERFORMANCE Q4 2022 versus Q4 2021 Operating 2019 Capacity change Revenues (€ m) Change result YOY Change YOY Operating margin Change YOY (€ m) operating margin AIRFRANCE/ +31% 4,541 +54% 144 +92 3.2% +1 pt -0.5% +9% 2,758 +35% -2 -129 -0.1% -6 pt 4.4% AIRFRANCE KLM +21% 7,128 +47% 134 -45 1.9% -2 pt 1.4% GROUP KLM Air France's structural transformation efforts resulting in positive and improved operating margin Capacity restrictions at Schiphol resulted in €170m lost revenues Furlough schemes accounted for €159m in Q4 2021, €4m in Q4 2022 NB: Sum of individual airline results does not add up to Air France-KLM total due to intercompany eliminations at Group level AIRFRANCE KLM GROUP === 11#12FULL YEAR 2022 FINANCIAL RESULTS Steven Zaat - Chief Financial Officer Air France-KLM AIRFRANCE KLM 12 GROUP#13A SUCCESSFUL YEAR IN A CHALLENGING CONTEXT RESULTING IN A POSITIVE NET INCOME FY 2022 FY 2021 FY 2019 Change versus 2021 Change versus 2019 -794m Revenues (€ m) Aircraft Fuel (€ m) 26,393 14,315 27,187 +12,078m 7,241 2,748 5,510 +4,493m +1,731m Salary cost (€ m) 7,289 5,340 8,139 +1,949m -850m Other operating expenses (€ m) 8,248 5,482 9,410 +2,766m -1,162m EBITDA (€ m) 3,615 745 4,128 +2,870m -513m Operating result (€ m) 1,193 -1,626 1,141 +2,819m +52m Operating margin 4.5% -11.4% 4.2% +15.9 pt +0.3 pt Net income - Group part (€ m) 728 -3,292 290 +4,020m +438m AIRFRANCE KLM GROUP 13#14STRONG CONTRIBUTION FROM ALL BUSINESS LINES WITH CONTINUED INVESTMENTS IN TRANSAVIA'S GROWTH KLM ARGO AIR FRANCE CARCO Operating Unit Revenue² FY 2022 vs. FY 2021 Capacity' Constant Curr. Revenues (€ m) Change result (€ m) Change Operating margin Change AIRFRANCE/ KLM +39.4% +56.4% 19,254 +122.2% Network 1,131 +2,713m 5.0% +17.9 pt 3 AIRFRANCE KLM +15.6% -19.5% 3,502 -2.4% Martinair CARGO Transavia transavia AIRFRANCE Maintenance INDUSTRIES Group KLM Engineering & Maintenance AIRFRANCE KLM GROUP +85.9% +19.9% 2,218 +119.3% -100 +50m -4.5% +10.3 pt 1,389 +35.8% 163 +75m 4.5% +1.4 pt +44.2% +29.5% 26,393 +84.4% 1,193 +2,819m 4.5% +15.9 pt Air France-KLM passenger network + cargo = network 1) Capacity is defined as Available Seat Kilometers (ASK), except for Network Cargo capacity which is Available Ton Kilometers (ATK). Group capacity is defined as Passenger ASK (Network Passenger ASK + Transavia ASK) 2) Unit revenues = revenue per ASK, Cargo unit revenues = Cargo revenue per ATK, Group unit revenue = (Network traffic revenues + Transavia traffic revenues) / (Network Passenger ASK + Transavia ASK). 3) Capacity of passenger aircraft used for cargo only, is based on theoretical payload without passengers AIRFRANCE KLM GROUP 14#15A SLIGHT INCREASE OF UNIT COST ALTHOUGH 15% LESS CAPACITY Unit cost¹ evolution +1.9% Staff cost evolution -10% €7.95 € 8.10 € 8.1bn € 7.3bn 2019 2022 Unit cost increase explained by: • • CLA effects for AF and KLM Airport charges (c.+20% at Schiphol vs. 2019) Inflationary pressure on ATC charges and handling costs Customer compensations 2019 2022 Transformation programs • Air France: successful structural transformation program KLM: successful adaptation to crisis but recruiting staff in order to prepare capacity development and stable operations 172 1) Unit cost against constant fuel price and constant currency (USD & related currencies only) using the same methodology as the Unit cost calculation in press release 2) Excluding Transavia France FTE evolution AIRFRANCE -16% FTE Versus December 2019 KLM -9% FTE Versus December 2019 2 AIRFRANCE KLM GROUP 15#16ADJUSTED OPERATING FREE CASH FLOW POSITIVE LEADING TO A NET DEBT/EBITDA RATIO AT 1.8X 2022 Free cash flow evolution In € m 1,968 2,888 2,764 -2,092 Cash flow before change in WCR Net debt In € m Continued deleveraging Net debt/EBITDA 11.0x 1.8x → 2021 2022 8,216 -861 1,903 -1,903 -861 +1,148 -547 +284 6,337 Change in WCR Net investments Operating Free Cash Flow Payment of lease debt Adjusted operating free cash flow Net debt at 31 Dec 2021 Payment of lease Adj.operating free New and modified debt cash flow lease debt Net proceeds right issue Currency & other Net debt at 31 Dec 2022 AIRFRANCE KLM GROUP 16#17AIR FRANCE-KLM CONTINUED REDEEMING LIQUIDITY SUPPORT WHILE MAINTAINING A SOLID CASH POSITION 2021-2022 Redemption of €4.9bn liquidity support rebalancing the Group's debt profile December 2021 Redemption of €0.5bn of the bank loan guaranteed by the French State, "PGE", through liquidity June 2022 €2.3bn Right issue, redeeming €1.6bn of the French State's perpetual hybrid instruments June 2022 Full redemption of €0.9bn from KLM of the RCF and Dutch State Loan July 2022 Quasi-equity financing for AF pool of spare engines resulting in €0.5bn proceeds. Fully allocated to further redeem the French State's perpetual hybrid instruments November 2022 Redemption of €1.0bn of the bank loan guaranteed by the French State, "PGE", through liquidity Redemption of €0.3bn of the French State's perpetual hybrid instruments through Hybrid Convertible Bond emission AIRFRANCE KLM GROUP 17#18IN 2023, AIR FRANCE-KLM WILL CONTINUE TO STRENGTHEN ITS BALANCE SHEET March 2023 2023 Full redemption of the outstanding €2.5bn of the PGE¹ by using the €1.0bn proceeds of the Sustainability-Linked Bond which was issued in January and by using €1.5bn liquidity April 2023 Air France & Air France-KLM combined and KLM intends to implement two new Sustainability Linked Revolving Credit Facilities (RCF) 2023 Aside of net profit generation, Air France-KLM intends to restore the balance sheet by means of: ➤ non dilutive initiatives such as quasi-equity financing instruments² (similarly to the one raised by AF on a pool of spare engines in July 2022), supported by Loyalty Program and/or MRO assets and/or straight hybrid bonds. 1)"Prêt Garanti par l'Etat" - Bank loan guaranteed by the French State 2) Subject to compliance with EU State Aid Temporary Framework, if applicable AIRFRANCE KLM GROUP 18#19AIR FRANCE-KLM TO BE FULLY RELEASED FROM CURRENT STATES SUPPORT In €bn 3.6 French State Recap Aid 3.0 1.2 0.9 Exit 0.6 (EU Temporary Framework) 0.3 0.6 0.6 0.6 May 2021 ■FR State perpetual hybrid instruments December 2022 March 2023 0.0 April 2023 ■FR State share increase French State guaranteed bank 4.0 2.5 loan << PGE >> May 2021 Dutch State Facility and Dutch State guaranteed bank RCF 3.4 0.0 December 2022 March 2023 I Bank loan guaranteed by FR State 2.5 2.5 Exit 0.0 April 2023 The remaining €1.2bn French State Recapitalization Aid, granted under EU State Aid Covid Temporary Framework, is currently composed by: €600m French State perpetual hybrids instruments. €600m shares, acquired by the French State as part of the May 2021 right issue. As of April 19th, 20231, Air France-KLM intends to fully exit this current €1.2bn French State recapitalization Aid and its related bans. Following the approval on February 16th, 2023, by the EU Commission of a French State Compensation Aid without any bans, the Group will achieve this exit of the French Recapitalization Aid through the following steps: • • March 2023: Air France-KLM will redeem and refinance €300m of French State perpetual bonds into French State perpetual hybrid instruments without bans attached, enabling to cross the 75% redemption threshold of the Recapitalization French State Aid. As of April 19th, 2023: The rest of the c.€300m French State perpetual hybrid instruments and the remuneration associated to the State aid will be redeemed and refinanced similarly. The Group will settle all final obligations related to the exit of the remaining Recapitalization Aid without change needed of the capital structure. Exit 2.5 0.0 April 2023 KLM intends to exit the current Dutch State framework with banks & State loans being replaced by a Sustainability Linked Revolving Credit Facility. 0.9 May 2021 December 2022 Undrawn March 2023 Drawn 1) 2-years anniversary date of the granting of the French State recapitalization aid AIRFRANCE KLM GROUP 19#20OUTLOOK Steven Zaat - Chief Financial Officer Air France-KLM AIRFRANCE KLM 20 GROUP#21AIR FRANCE-KLM WILL CONTINUE TO INCREASE CAPACITY IN 2023 AND WILL REACH 2019 LEVELS BY THE END OF THE YEAR Capacity in ASK versus 2019 FY 2022 Q1 Q2 H2 FY 2023 Total network 82% c.90% c.90% c.95% 90-95% AIRFRANCE KLM Long Haul 83% c.90% c.90% c.95% 90-95% + transavia AIRFRANCE KLM GROUP Short and 80% c.80% C.85% c.90% 85-90% medium Haul Transavia 114% c.135% c.125% >135% c.135% AF-KLM Group 85% 90-95% 90-95% >95% 95-100% AIRFRANCE KLM GROUP 21#22ENCOURAGING BOOKING PATTERN WITHIN A ROBUST YIELD ENVIRONMENT AIRFRANCE KLM AIRFRANCE / KLM t transavia Long Haul Short and Medium Haul Transavia 82% 80% 79% 76% 70% 69% Q1 2019 2023 2019 2023 2019 2023 42% 39% Q2 2019 2023 Forward booking load factor 2019 Snapshot of the 13th of February 2023 and 2019 30% 28% 46% 40% 2019 2023 2019 2023 Forward booking load factor 2023 AIRFRANCE KLM GROUP 22#23THE FUEL HEDGING POLICY REMAINS UNCHANGED AND COVERS ALREADY 50% OF 2023 FUEL CONSUMPTION Fuel bill after hedge ($bn) 7.5 7.8 FY 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 FY 2023 Market price 99 85 85 83 82 88 84 Brent ($ per bbl) Jet fuel ($ per metric ton) 1,166 1,021 943 922 902 944 Jet fuel ($ per metric ton) 1,033 1,031 958 936 906 954 Price after hedge % of consumption already hedged Hedge result (in $ m) 73% 73% 62% 45% 27% 52% 970 10 -20 -20 -5 -35 Based on forward curve at 13 February 2023. Jet fuel price including into plane cost AIRFRANCE KLM GROUP 23#24OUTLOOK 2023 Q1 2023 FY 2023 Group Capacity¹ 90-95% 95-100% Unit cost² vs. 2022 Net Capex Stable €3.0bn 1) ASK capacity versus 2019 2) Against a constant fuel price, constant currency and excluding furlough contribution AIRFRANCE KLM GROUP 24#25MEDIUM TERM OUTLOOK Capacity back to 2019 levels (as from 2024) Decrease of the Unit cost² by -1% to -4% (versus 2022) Reach Operating Margin 7% to 8% Maintain positive Adj Operating Free Cash Flow excl. exceptionals³ Maintain Net debt/EBITDA ratio between 1.5x and 2.0x 123 1) Refers to 2024-2026 period 2) At constant fuel price including SAF, constant currency and excluding Emission Trading Scheme cost (ETS) AIRFRANCE KLM 3) Exceptionals include the payment of the cargo claim and the deferrals of social charges and wage taxes accumulated during the Covid 19 period GROUP 25#26UPDATE & OUTLOOK Benjamin Smith - Chief Executive Officer Air France-KLM AIRFRANCE KLM 26 GROUP#27INVESTMENTS SECURED IN FLEET TO DRIVE SUSTAINABLE TRANSITION AND OFFER BEST-IN-CLASS EXPERIENCES TO OUR CUSTOMERS Fleet Modernization ongoing... Year end comparison 2022 vs. 2019 AIRERANCE A350-900 +17 B787-9/10 +4 A220-300 +15 E195-E2 +14 ... with a growing share of New Gen aircraft Percentage of New Gen aircraft in Air France-KLM fleet 64% 40% 16% 5% 2019 2022 2025 2028 1) Mainly resulting from fleet modernization and operational procedures improvement -40% Average reduction in noise footprint compared to the 2000s¹ -15% to -25% Lower CO2 emissions compared to previous generation aircraft Customer experience State-of-the-art cabins Enhanced comfort and on-board experience AIRFRANCE KLM GROUP 27#28INVESTMENTS SECURED IN CABINS FOR AN ENHANCED AND FURTHER HARMONIZED EXPERIENCE ACROSS THE GROUP Harmonization of our Long-Haul Business product Air France Business Class 100% Full Flat by end 2023 & 'Full flat, Full privacy, Full access' on 777 & A350 Harmonization of our Long-Haul Premium Eco product Air France Premium Economy Recliner seats on all A350 and select on 777-300 THE KLM World Business Class Direct Aisle access with JAMCO seats already on 787 & fully rolled- out on 777 by Q1 2024 (including privacy door on 777) KLM Premium Comfort From September 2022 on 777 and 787 & fully rolled-out by Q1 2024 KLM AIRFRANCE KLM GROUP 28#29INVESTMENTS SECURED AT ALL STAGES OF THE CUSTOMER JOURNEY TO ACHIEVE HIGH PREMIUM STANDARDS Lounges Air France CDG T2E M & Munich refurbishment. Improved catering with signature dishes offer in all CDG lounges. Refurbishment planned for Cayenne and San Francisco in 2023 KLM upgrades lounges at Toronto and Houston for April 2023 Digital Almost 50% of flight segments sold with direct online channels (+10pts vs. 2019) Accelerate NDC deployment to offer more personalized offers On Board Air France and KLM to launch by end of 2023 common Wifi Portal and new IFE offer Air France Business 2nd meal & pre- selection and specific offer for Premium Economy class by end of 2023 Customer Service Continue to focus staff training on customer centricity Enabling optimal and flexible self- service for customers AIRFRANCE KLM GROUP 29#30AIR FRANCE-KLM TEAMS AWARDED FOR THEIR EXCEPTIONAL DEDICATION TO THEIR CUSTOMERS Ranking Skytrax World Airline Awards¹ Per year 2018 7 Lufthansa 19 KLM 25 AIRFRANCE/ 31 BRITISH AIRWAYS 1) Source Skytrax ratings website / Apex aero awards 2019 2021 2022 Air France +17 ranks vs 2018 8 8= 11 15 57 17 APEX+ OFFICIAL AIRLINE RATINGS FIVE STAR ⭑⭑⭑⭑⭑ GLOBAL AIRLINE 2023 Air France & KLM certified as a 5- Star Airline by APEX only legacy carriers Group with all airlines 5 stars ORLD IRLINE KLM +2 ranks vs 2018 SKYTRAX $ 2022 AWARDS Air France voted best airline in Western Europe for the 2nd year running & also moved up to 8th position in the Skytrax global ranking AIRFRANCE KLM GROUP 30#31OUR 2022 COMMITMENTS AND ACTIONS CHART A PATH TO SUSTAINABILITY EXCELLENCE SBTI Validation SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Investments Currently investing over €2bn annually for the acquisition of New Generation aircraft Two key long-term off-take SAF agreements signed in November 2022, securing 3% of our minimum 10% SAF ambition by 2030 €1bn Sustainability- Linked Bonds destination sustainability AIRFRANCE KLM GROUP Air & Train Connectivity Air France & SNCF offer 100% digital solution & 33 destinations on French domestic KLM & Thalys 14x per day Brussels & Antwerp - AMS KLM & NS tickets from AMS as ancillary Air France-KLM 2030 CO2 emissions reduction target is in line with the "well-below 2°C trajectory", consistently with the Paris agreement 1) -10% CO2 emission per passenger/km vs. 2019 2) -30% CO2 emissions per passenger/km vs. 2019 1st Euro issuance in the airline sector attached to 2025¹ and 20302 Group targets SNCF 84529 L AIRFRANCE KLM GROUP 31#32CONCLUSION TURNING THE PAGE OF COVID WITH LANDMARK RESULTS AND ACHIEVEMENTS IN 2022 EMERGING STRONGER POST CRISIS, FURTHER LEVERAGING ON OUR TRANSFORMATION PROGRAM An exceptional rebound in our activity, driven by all our airlines and businesses, with a historic Q4 and a FY22 operating margin above 2019 Major financial operations successfully completed to both restore our equity and consolidate our balance sheet, demonstrating investor confidence in AFKL prospects More than €4.9bn State aids and support redeemed in 2021-2022 Landmark deals secured, including a strategic commercial partnership with CMA CGM Group for our cargo business Significant milestones on our Sustainability roadmap • • • Intention of full exit from current State support and EU temporary framework constraints as of April 2023, giving us back our full financial flexibility and strategic autonomy Group's equity to be restored and overall balance sheet consolidated through further non-dilutive initiatives Continued ramp-up of our network capacities, expected to return to 2019 level by end 2023 Ambitious sustainability roadmap on all levers with notably further investment in new gen aircraft, including our first A320neo/A321neo to be delivered in 2023 Further implementation of our transformation program in line with our competitiveness ambition AIRFRANCE KLM GROUP 32#33APPENDIX Results as of December 31st, 2022 AIRFRANCE KLM 33 GROUP#34CURRENCY IMPACT ON OPERATING RESULT Currency impact on revenues and costs In € m 153 -3 Q4 2022 Currency impact on revenues 156 Revenues and costs per currency FY 2022 Currency impact on costs, including hedging Euro XX Currency impact on operating result REVENUES US dollar 20 (and related currencies) 60 20 Other currencies 95 65 Other currencies (mainly euro) COSTS 35 US dollar AIRFRANCE KLM GROUP 34 4#35PENSION DETAILS AS OF DECEMBER 31, 2022 In €m Dec 31, 2021 -1,939 Dec 31, 2022 -1,595 Net balance sheet situation by airline Net balance sheet situation by airline -1,540 AIRFRANCE / -399 KLM Air-France France end of service benefit plan (ICS): pursuant to French regulations and the company agreement, every employee receives an end of service indemnity payment on retirement (no mandatory funding requirement). ICS represents the main part of the Air France position Air France pension plan (CRAF): related to ground staff affiliated to the CRAF until 31 December 1992 | -1,369 AIRFRANCE/ KLM Defined benefit schemes -225 KLM AIRFRANCE KLM GROUP 35#36DEBT REDEMPTION PROFILE AT 31 DECEMBER 2022 Debt reimbursement profile (1) In €m 1,350 1,150 2,450 800 750 650 900 650 750 550 500 2023 2024 2025 2026 2027 2028 and beyond Bonds issued by Air France-KLM March 2024: January 2025 AFKL 0,125% (€500m, Convertible << Océane >>) AFKL 1.875% (€750m) June 2026: June 2024: AFKL 3.0% €300m AFKL 3.875% €500m December 2026: AFKL 4.35% $145m (€145m) French state aid package State aid package consists in €4.0bn of banks loan guaranteed by the French State (€500m reimbursed in 2021, €1,0bn reimbursed in November 2022)³ and €3.0bn of French State loan French state loan of €3.0bn has been converted in perpetual quasi-equity in April 2021 Other long-term Debt: AF and KLM Secured Debt, mainly "Asset-backed" (1) Excluding operating lease debt payments, KLM perpetual debt, and Air France perpetual quasi-equity AIRFRANCE KLM GROUP 36#37AIRFRANCE KLM GROUP