#1Classification: External AirArabia RESULTS PRESENTATION Q1 2023 AirArabia...... العربية للطيران.#2Classification: Internal Q1 2023 IN FOCUS AirArabia#3Classification: Internal STRATEGIC SUMMARY - Q1 2023 The global aviation industry continues to experience a resurgence led primarily by a continued rebound in passenger demand. ■ Equally, global economic uncertainty continued in Q1, along with geopolitical challenges that are impacting growth sentiment across main markets. Air Arabia's impressive Q1 performance reflects the group's ability to constantly deliver solid performance while navigating through economic challenges. Focus on growth continued in Q1 and Air Arabia added 9 new routes to its global network from its 7 hubs in the UAE, Morocco, Egypt, Armenia and Pakistan. Over 3.9 million passengers carried during the first quarter of 2023, an increase of 59%, reflecting a healthy uptake in demand for the Air Arabia value-driven services. Air Arabia strong performance in Q1 2023 reflects the carrier effective business model, rigid cost control measures and management team capabilities. AirArabia#4Classification: Internal FINANCIAL REVIEW Q1 2023 AirArabia#5Classification: Internal KEY PERFORMANCE - Q1 2023 (AED Millions) Pax (m) Q1 2023 Q1 2022 Change % 2.5 1.76 0.74 42% LF % 85% 79% 6% 8% Revenue (m) 1,429 1,129 300 27% Operating Profit/ (Loss) 301.4 280.8 20.6 7% Operating Profit/ (Loss) Margin % 21% 25% -4% Net Profit/ (Loss) 341.7 291 50.7 17% * Pax (all hubs) 3,943,935 2,483,492 58.8% AirArabia#6Classification: Internal BALANCE SHEET - Q1 2023 (AED Millions) Assets Non Current Assets Current Assets Q1 2023 YE 2022 Change % 8,593 8,805 -212 -2.4% 6,034 5,632 402.2 7.1% 14,627 14,437 190 1.3% Total Assets Liabilities & Equity Non Current Liabilities 3,559 3,735 -175.5 -5% Current Liabilities 4,523 3,707 816.1 22% Total Liabilities 8,082 7,441 640.6 8.6% Capital & Reserves Equity 6,544 6,996 -450.6 -6.4% Total Liabilities & Equities 14,627 14,437 190 1.3% AirArabia#7Classification: Internal CASH GENERATION Cash & Bank Amount in AED'000 Cash & Bank 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 1,200,000 1,000,000 800,000 600,000 Retained Earnings / 400,000 (Accumulated Losses) 200,000 2016 2017 2018 2019 2020 2021 2022 Q1-2023 Retained Earnings/ (Accumulated Losses) (200,000) (400,000) (600,000) (800,000) (1,000,000) 2016 2017 2018 2019 2020 2021 2022 Q1-2023 AirArabia#8Classification: Internal FLEET STATUS Q1 2023 AirArabia#9Classification: Internal CURRENT FLEET AirArabio SAIRBUS A320 العربية للطيران AirArabia Airbus A320ceo 59 Aircraft in service moja Fleet Allocation / Current 42 Sharjah 09 Morocco 08 Abu Dhabi 04 Egypt 02 Armenia 03 Pakistan AirArabia GAIRBUS A321 العربية للطيران AirArabia moj Airbus A321ceo/A321neo LR 9 Aircraft in service 120 Airbus A320 family aircraft on order with delivery starting in 2025. AirArabia#10Classification: Internal OUTLOOK Global economic and political uncertainty continues and we remain cautious in navigating growth through current economic scene. We remain committed to driving efficiency higher, costs lower, while serving more customers through out our seven operational hubs. Special focus on active fleet management (current and on-order) to ensure growth is well supported as well as the adoption of latest technologies to help streamline operational efficiency as we expand our fleet and reach. Investing in customer experience continues and our promise to deliver highest value-for-money to our customers every time. AirArabia#11Classification: Internal APPENDIX AirArabia#12AirArabia Amsterdam London Cologne Brussels Paris Strasbourg Geneva Basel-Mulhouse Moscow Kazan Ufa Yekaterinburg Bordeaux Toulouse Bilbao Marseille Lyon Montpellier Milan Turin Venice Bologna Pisa Sarajevo Tbilisi Barcelona Naples Trabzon Yerevan Baku Valencia Istanbul Tashkent Almaty Bishkek Namangan Osh Madrid Palma de Mallorca Murcia Catania Malaga Tangier Nador Antalya Bodrum Beirut Fes Oujda Amman CASABLANCA Baghdad Najaf ALEXANDRIA JO Cairo Al-Jouf Shiraz Erbil Tehran Mashhad Peshawar Islamabad Sialkot Lahore Quetta Faisalabad Multan Kuwait Delhi Tabouk RAS AL KHAIMAH Assiut Morocco Domestic Routes Sohag Ha'il Gassim Dammam Jaipur Kathmandu Bahrain Luxor Riyadh Doha Medinah Jeddah Sohar SHARJAH Muscat Karachi ABU DHABI .Ahmedabad Tangier Rabat Nador Fez Casablanca Marrakech Agadir Guelmim Taif Abha Salalah Nagpur Mumbai Hyderabad Goa Khartoum Bangalore Chennai Hargeisa Calicut Kochi Coimbatore Thiruvananthapuram Entebbe Nairobi Dhaka Chattogram FlyJinnah F FlyArna St. Petersburg Moscow Quetta KARACHI Colombo Kuala Lumpur Sochi Tbilisi YEREVAN Sharm El Sheikh Peshawar Islamabad Lahore Novosibirsk AirArabia#13Classification: Internal FLEET SIZE HISTORICAL YEARLY 80 88 10 70 60 60 50 50 40 30 20 25 29 33 41 39 34 50 50 46 46 53 53 55 557 58 68 89 21 16 10 11 8 5 3 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 AirArabia#14Classification: Internal SEAT LOAD FACTOR HISTORICAL YEARLY 100 90 86 85 80 80 70 60 50 40 30 20 10 80 08 83 83 82 82 82 80 80 79 81 79 79 80 80 73 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 AirArabia#15Classification: Internal REVENUE HISTORICAL YEARLY 6,000 5,000 4,000 3,000 2,000 1,000 749 1,283 IN (AED MM) 3,825 3,729 3,778 3,739 3,183 2,832 2,434 2,066 2,080 1,972 4,122 4,756 1,851 3,170 5,242 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 AirArabia#16Classification: Internal NET PROFIT HISTORICAL YEARLY IN (AED MM) 1,300 1,200 1,100 1,222 1,000 900 1,000 800 700 720 600 500 400 300 200 662 566 579 510 530 509 452 424 435 369 310 274 100 0 101 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 - 2020 9M 2021 2022 -192 *307 *2018 reported net profit absorbed AED307 million accumulated loss following the impairment decision taken in relation to the Group's full financial exposure to Abraaj Capital. AirArabia#17Classification: Internal CORPORATE SOCIAL RESPONSIBILITY Air Arabia's award winning corporate social responsibility program "Charity Cloud' provides sustainable education and healthcare initiatives in underprivileged communities across the world. Charity Cloud built and operates over 15 schools and clinics in 12 countries and treats over 30,000 patient yearly and provides education for over 1,000 student every year. Charity Cloud Schools Sri Lanka India Charity Cloud Clinics Sudan Yemen Nepal Turkey Kenya Egypt Morocco Egypt Sri Lanka Bangladesh مشروع العاب للأطفال Pysed Child play project ХО CLUB S CLUB متبرعي سحاب الخير 2022-0513 SCI/Help-31 تنفيد جمعية الشارقة الخيرية. مكتب يغلاديش বাৰায়নে। শারজাহ চাি 6900 npaints ESG matters are important consideration in how we do business, including our corporate governance systems that runs at every level in the organization, risk management and methodology to serve customers and support for local communities. Our main driver is the sustainability and efficiency embedded in the culture and management of the airline. Equally important, we believe that the core items that are critical of our ESG approach are practiced across the organization through efficient operations and environment friendly practices. For Air Arabia, this means we are leveraging our business and policy expertise, and presence to help drive an inclusive recovery, expand, and accelerate sustainability. Please review Air Arabia's ESG report for more information. AirArabia#18Classification: Internal AIR ARABIA GROUP COMPANIES AirArabia • UAE ⚫ Morocco • Egypt AirArabia Engineering FlyJinnah FJ T3 AVIATION ACADEMY AirArabia FlyArna Simulator cozmotravel Sharjah Aviation Services ISA BLU sǝyǝrǝ♥ HOTELS & RESORTS limousine & car rental CENTRO Sharjah Radisson ווייו ACTION HOSPITALITY alpha Alpha Aviation Academy AirArabia#19Classificationon: Internal External CONTACT US > investor-relations.airarabia.com +971 6 5088939 [email protected] www.airarabia.com AirArabia#20Classificationon: Internal External DISCLAIMER Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assume no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. In addition, the information contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those projected. This presentation is strictly not to be distributed without the explicit consent of Company management under any circumstance. AirArabia