#1Webjet Limited Investor Presentation FY23 Results 24 May 2023 webjet™ WebBeds webjet.com.au Bosee#2Webjet Limited Group Bookings, TTV, Revenue and EBITDA all exceeding pre-pandemic levels in 2H23. 2H23 - Key Metrics. Bookings '000s 4500 4000. 3500 3000 Bookings 3.92m 2,950 3,924 AUD Millions 2500 2000 TTV $2.20bn (AUD) 2,203 1,910 2500 2000 1500 1000 500 1500 AUD Millions 250 200 150 2H23 Revenue $188.7m (AUD) AUD Millions 250 200 188.7 181.2 1,972 1000 975 1001 82.7 500 50 150 100 EBITDA $62.3m (AUD) 50 53.1 0.9 62.3 0 2H19 (pre-Covid) 2H22 2H23 2H19 (pre-Covid) 2H22 2H23 2H19 (pre-Covid) 2H22 2H23 2H19 (pre-Covid) 2H22 2H23 NOTE: Unless otherwise stated, in this document all financials are for Underlying Operations and all comparisons are over the previous corresponding period (pcp). CY19 (pre- Covid) and pre-pandemic refers to the 12 months ending 31 December 2019 (ie pre-Covid) restated to align to 31 March year end, ie 1H19 being April 2019 to September 2019 and 2H19 being October 2019 to December 2019 plus January 2019 to March 2019. WebBeds: Ahead of pre-pandemic levels on all metrics in 2H23 Webjet OTA: 2H23 TTV at pre-pandemic levels; maintained domestic market share while growing international GoSee: EBITDA continues to improve 2#3Webjet Limited Group Bookings and TTV above pre-pandemic levels for full year. FY23 - Key Metrics. Bookings '000s 8000 7000 Bookings 7.36m AUD Millions 5500 7,356 5000 TTV $4.35bn (AUD) 6000 5000 4000 6,357 AUD Millions 550 500 FY23 Revenue $364.4m (AUD) AUD Millions 550 500 4500 450 450 4,298 4,346 4000 400 408.9 400 364.4 3500 350 350 3000 2500 3,421 3000 2000 2000 1000 ° CY19 (pre-Covid) FY22 FY23 300 250. 200 300 250 200 EBITDA $134.8m (AUD) 1,638 1500 150 150 157.8 138.0 1000 100 100 500 0 CY19 (pre-Covid) FY22 FY23 50 0 CY19 (pre-Covid) FY22 FY23 50 о 134.8 (15.0) CY19 (pre-Covid) FY22 FY23 3#4Webjet Limited $150m EBITDA turnaround from FY22. FY23 - Highlights. EBITDA $134.8m $139.8 million on constant currency basis Total Cash Đ$514m Strong cash balance post repayment of $86m bank debt Bookings +16% Webjet Limited Group bookings ahead of pre-pandemic levels 1) See page 13 for details WebBeds: $117.1 million EBITDA Transformation strategy delivering to plan Bookings, TTV, Revenue, EBITDA all ahead of pre-pandemic levels EBITDA 22% ahead of pre-pandemic levels; EBITDA margins 49.5% (pre-pandemic: 42.4%) Webjet OTA: $43.4 million EBITDA • Flights market share up 59% since the pandemic began (1) EBITDA margin 40.3% (pre-pandemic: 40.7%) Return to pre-pandemic profitability will be driven by return of international airline capacity to 2019 levels GoSee: $1.6 million EBITDA • $4.6 million EBITDA improvement over FY22; profitability continues to be impacted by lack of inbound tourism and supply chain issues impacting largest markets Investing in people and technology to pursue growth 4#5Webjet Limited XIX XIX EL Brands U WebBeds WebBeds Product Offering 430,000 hotels nervide 16,000+ destinations 190+ Counciles 62,000+ dictconte chain properties WebBeds Americas 99 WebBeds Europe tracted ct properties O WebBeds MEA 00 WebBeds B2B Marketplace Serving the Global Travel Trade WebBeds WebBeds lobal Footprint. 1,500+ people 50+ languages We 120+ cities C 50+ countries#6WebBeds Significant market share gains. 2H23 - WebBeds. Bookings 3.15m Bookings '000s 3500 3000 2500 AUD Millions. 1750 3,150 1500 1250 TTV $1.39bn (AUD) 1000 1,067 2000 1,932 1500 1,464 750 1000 500 • 2H19 (pre-Covid) 2H22 2H23 500 250 AUD Millions. 175 150 1,395 125 8. 100 75 665 2H19 (pre-Covid) 2H22 2H23 50 25 2H23 Revenue $122.3m 91.1 (AUD) AUD Millions 175 150 125 122.3 100 75 53.0 50 2H19 (pre-Covid) 2H22 2H23 EBITDA $53.4m (AUD) 25 23.2 5.8 53.4 2H19 (pre-Covid) 2H22 2H23 Bookings 63% ahead of pre-pandemic levels - result of executing our transformation initiatives including broader client mix and accelerating organic growth, particularly in North America and APAC. TTV 31% ahead of pre-pandemic levels - lower Average Booking Values due to changing business mix. Revenue 34% ahead of pre-pandemic levels – reflecting strength of business model. EBITDA 130% ahead of pre-pandemic levels – market share growth and scalability coming through. 6#7WebBeds All key metrics ahead of pre-pandemic levels. EBITDA up 22%. FY23 - WebBeds. WebBeds 1H23 2H23 FY23 CY19 Change FY22 Bookings ('000s) 2,655 3,150 5,805 4,274 ↑ 36% 2,551 Average Booking Value $536 $443 $485 $605 ⇓20% $432 TTV $1,423m $1,395m $2,818m $2,588m ↑ 9% $1,101m Revenue $114.4m $122.3m $236.7m $226.9m ↑ 4% $85.6m Expenses $50.7m $68.9m $119.6m $130.6m +8% $90.2m EBITDA $63.7m $53.4m $117.1m $96.3m 1 22% Revenue/TTV Margin 8.0% 8.8% 8.4% 8.8% 37bps ($4.6m) 7.8% EBITDA / TTV Margin 4.5% 3.8% 4.2% 3.7% ↑ 43bps nm EBITDA Margin 55.7% 43.7% 49.5% 42.4% ↑ 704bps nm 1) Total Bookings divided by FTEs comparing FY23 to CY19 2) 8% Revenue/TTV and 3% Costs/TTV to deliver 5% EBITDA/TTV • • • • . All key metrics ahead of pre-pandemic levels - Bookings (up 36%), TTV (up 9%), Revenue (up 4%) and EBITDA (up 22%) Expenses continue to be lower than pre-pandemic levels reflecting the fact we are now 50% more efficient on Booking/FTE basis (1) 2H23 Expenses reflect significantly higher volumes (Bookings up 63%) and growing Merchant of Record (MOR) business FY23 EBITDA 22% ahead of pre-pandemic levels with several key markets still to fully reopen Continue to deliver best-in-class margins - FY23 EBITDA margin 49.5%, ahead of pre-pandemic Moving beyond 8/3/5 (2) - Post pandemic, a number of attractive highly profitable market opportunities are now open to us. We believe we can deliver significantly greater profit by pursuing some of these opportunities rather than being confined to a strict 8/3/5 profitability target. 7#8WebBeds Outperforming the market with strong organic growth, and momentum is accelerating. 1) Shows Bookings and TTV (based on EURO functional currency) as % of comparable period in 2019 - ie 1Q22 shows April 2021 to June 2021 vs April 2019 to June 2019. Bookings exclude UHI. 2) Source:https://www.iata.org/en/iata- repository/publications/economic-reports/air-passenger- market-analysis2/ FY23 - Trading. ⚫ Growth accelerating. Significant organic growth and new client wins • North America: Maturing MoR solution driving spike in 4Q23 bookings; >50% TTV from new clients; market-specific technology rolled out APAC: last region to reopen but momentum picking up quickly; new client wins and higher share of wallet in 4Q23 Europe: >10% TTV from new clients; strong domestic growth in key markets MEA: lower volumes reflecting tighter credit policies Significantly outperforming the market since May-22 IATA calculates the global air passenger market has yet to return to pre-pandemic levels, averaging 75.7% for FY23 (2) In contrast, WebBeds bookings have been ahead of pre-pandemic levels since May-22 and continue to improve 200% 190% 180% 170% 160% Bookings - % of Pre-Covid (1) 150% 140% 130% 120% * 110% 100% 90% 80% 70% 60% 50% 135% 119% 106% 83% 69% Q1 52% 22 Q2 Q3 40% 39% 30% 20% 10% - 173% 44 Q4 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 TTV-% of Pre-Covid (1) 150% 140% 130% 120% 110% 100% 90% 80% 70% 60% 50% 40% 138% 130% 109% 93% 70% 60% Q1 22 Q2 Q3 Q4 0 36% 30% 20% 20% 10% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 8#9WebBeds Transformation Strategy is delivering to plan. We have transformed WebBeds. Initiatives & Focus Delivery NO Rethinking How We Do Business • • Expanded domestic offerings in all regions Increased North American market penetration - TTV now 3x pre-pandemic Serving new markets - B2C, Merchant of Record Differentiating our offering - ROOMDEX 1) Total bookings divided by FTE's comparing FY23 to CY19 (4) Streamlining Technology Increased Leverage of Data Analytics • Transitioned to single technology platform • Significant higher search capacity and lower response times Increasing conversions while providing ability to scale • Gaining better insights into customer preferences Rolling out Al, robotics, machine learning – multiple streams underway Sharpened Focus on Cost Reduction Now 50% more efficient on Booking/FTE basis (1) Refinement of Risk Management Processes Managed risk exposure to protect cash Tightened risk and credit processes 9#10rminal Heathrow Webjet Limited Travel Brands Update Choose airlines based on your schedule, not theirs. Webjet OTA Australia & New Zealand webjet DIY fly webjet.com.au webjet™ webjet.com.au#11webjet™ webjet.com.au EBITDA margins over 40%. FY23 - Webjet OTA. Webjet OTA 1H23 2H23 FY23 CY19 Change FY22 Bookings ('000s) 641 632 1,273 1,575 +19% 662 Average Booking Value $957 $1,094 $1,025 $890 ↑ 15% $647 TTV $614m $691m $1,305m $1,402m ⇓7% $428m Revenue $51.8m $56.0m $107.8m $151.1m ⇓29% $41.9m Expenses $30.4m $34.0m $64.4m $89.7m ⇓ 28% $32.5m EBITDA $21.4m $22.0m $43.4m $61.5m Revenue/TTV Margin 8.4% 8.1% 8.3% 10.8% ⇓ 29% ⇓252bps $9.4m 9.8% EBITDA / TTV Margin 3.5% 3.2% 3.3% 4.4% 106bps 2.2% EBITDA Margin 41.3% 39.3% 40.3% 40.7% +41bps 22.5% 1) All Temporary customer service staff increases were in offshore locations. FY23 Bookings at 81% of pre-pandemic levels: strong rebound in international as capacity starts to return although high ticket prices and capacity constraints continue to subdue overall bookings. Booking numbers do not include the significant number of bookings made using flight credits. FY23 Revenue/TTV margins primarily reflect higher ABV driven by limited capacity. Ongoing brand strength enabling more focused marketing campaigns - marketing costs continue to be 1.5% TTV (pre- pandemic: 2%). Scalable cost base and focus on higher margin products helping offset lower commission on international fares. FY23 EBITDA at 71% of pre-pandemic levels, reflecting reduced international capacity and loss of overrides/ commission on international. FY23 EBITDA margins over 40%, despite inflationary wage pressures and expanded Operations team (1). 11#12webjet™ % of Pre-Covid 90% 80% 75% 70% 60% 50%- 40% 30%- 20%- 10%- webjet.com.au Strong rebound in International. 1) Shows Flight Bookings as % of comparable period in 2019 - ie 1Q22 shows April 2021 to June 2021 vs April 2019 to June 2019. Note: Flight Bookings data does not include bookings made using flight credits. FY23 - Trading. . • • Flight bookings continue to remain muted Significant demand but airline capacity yet to return to pre-pandemic levels Ticket pricing continues to be significantly higher than pre-pandemic levels, impacting demand Domestic bookings Capacity reductions and widespread flight cancellations impacted domestic bookings from 2Q23 International bookings 2H23 Bookings reflect increasing capacity coming into the market - although capacity remains well below pre- pandemic levels Flight booking data does not include bookings made using flight credits We estimate a further 10-15% of bookings were made in FY23 using flight credits that are not included in flight booking numbers. Credits will continue throughout FY24 as many have been extended Credits and cancellations created significant operational impact, with customer contacts per booking nearly 3x higher than pre-pandemic % of Pre-Covid Domestic Flight Bookings - % of Pre-Covid (1) 43% 21% 88% 82% 81% 82% 70% Q1 Q2 65 Q3 Q4 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 90% 80% 70% 60% 50% 40% 42% 30% % of Pre-Covid 20%- 10%- Trans Tasman Flight Bookings - % of Pre-Covid (1) 87% 78% 65% 68% Q1 Q2 Q3 Q4 22% 5% 6% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 International Flight Bookings - % of Pre-Covid (1) 90% 80% 85% 70% 72% 60% 59% 50% 52% 40% 30% 20% 21% Q1 Q2 Q3 Q4 1% 2% 10% 13% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 12#13webjet™ 1) 2) webjet.com.au Brand strength outperforming the market. FY23 based on GDS bookings from 1 April 2022 to 31 March 2023. 2019 based on GDS bookings from 1 January 2019 to 31 December 2019. GDS bookings do not include low cost carriers. Market share data does not include bookings made using flight credits. 3) Based on 3-segment international trips. Phased roll out now completed to include all (ie 4+ segment) international and domestic multi-stop trips. Results are expected to be even more positive for 4+ segment trips. Significant international runway. • Extending our lead as the #1 OTA - significant market share gains since the pandemic began Significant international runway to deliver market share growth Capacity remains well below pre-pandemic levels Reduction of airline commissions has reduced the number of competitors in the market Trip Ninja is a key building block to continuing international growth Went live in Oct-22 and is delivering real price advantages for customers booking multi-stop international itineraries о Searches on 3-segment international trips using Trip Ninja FareStructure generated better fares than GDS in 67% of trips and decreased the average fare by 30% (3) Trip Ninja now being rolled out across all international and domestic multi-stop trips Future enhancement for multi-city dynamic packaging and virtual interlining capability will continue to build out the international value proposition Webjet OTA Average Market Share Across GDS Bookings - Australia Travel Agency Offline & Online (1) All Bookings 2019 Up FY23* 59% 8.9% 5.6% 2019 Domestic Bookings Up 9.3% 35% FY23* 12.6% Significant market share gains, noting flights credit transactions are not included in market share data(2) 13#14Webjet Limited Travel Brands Update GoSee GoSee GoSee Powered by Destinations. Deals Explore Vehicles and suppliers Help AUD Webjet Limited Manage booking Cars Search, Compare & Save Find the best deals on cars and campervans with GoSee. Campervans Search car rentals worldwide Pick up location Pick up date and time Where would you like to pick up? 08 Nov 2022 10:00 AM Return car to same location Drop off date and time 11 Nov 2022 10:00 AM Q Search Cars Driver aged 25-69 living in Australia Trustpilot Excellent based on 19,000+ reviews AVIS Hertz Europcar Brix Budget apollo moui and toma Why book with us? Find out more about us#15GoSee EBITDA continues to improve despite inbound tourism and supply chain challenges. FY23 - GoSee. GoSee 1H23 2H23 FY23 CY19 Change FY22 Bookings ('000s) 136 142 278 508 ↓ 45% 208 Average Booking Value $776 $824 $800 $608 ↑ 32% $522 TTV $105m $117m $222m $309m 28% $108m Revenue $9.5m $10.0m $19.5m $30.8m ⇓37% $10.5m Expenses $8.9m $9.0m $17.9m $18.2m +1% $13.6m EBITDA $0.6m $1.0m $1.6m $12.7m +87% ($3.0m) Revenue/TTV Margin 9.0% 8.5% 8.8% 10.0% EBITDA / TTV Margin 0.6% 0.9% 0.7% 4.1% ⇓121bps 338bps 9.7% nm EBITDA Margin 6.3% 10.0% 8.2% 41.1% ⇓ 3,287bps nm • Bookings, TTV and Revenue all up significantly over FY22 but remain below pre-pandemic levels. FY23 Booking volumes at 55% of pre-pandemic levels, reflecting lack of inbound tourism into largest markets of Australia and New Zealand, as well as lack of supply (particularly Motorhomes) into major markets. FY23 Expenses reflect investment in staff to help transform the business; key focus on enhancing capabilities across the business. EBITDA continues to improve: FY23 saw a $4.6 million improvement over FY22. Profitability is highly linked to return of inbound tourism, and international capacity remains constrained. Focus on strategic priorities to ensure well placed to deliver growth as soon as inbound tourism returns and supply levels are restored. 15#16Webjet Limited Group Update FY23 Financial Summary webjet WebBeds webjet.com.au GoSee#17EBITDA Webjet Limited Return to profitability, c.$100m NPAT turnaround from FY22. FY23 - Financial Summary. TTV Revenue (2) Operating expenses (3) Statutory Result Underlying Operations (1) Webjet Limited Group FY23 FY22 FY23 FY22 $4,345.5m $364.4m $1,638.0m $138.0m $4,345.5m $364.4m $1,638.0m $138.0m ($229.6m) ($153.0m) ($229.6m) ($153.0m) Non-operating expenses ($12.2m) ($18.2m) Share based payment expenses ($7.6m) ($9.6m) $115.0m ($42.8m) $134.8m ($15.0m) Depreciation and amortisation ($44.5m) ($25.4m) ($44.5m) ($25.4m) Acquisition amortisation (AA) (4) ($30.0m) ($18.0m) Net interest costs ($21.7m) ($18.7m) ($9.5m) PBT $18.8m ($104.9m) $80.8m ($7.1m) ($47.5m) Income tax (expense)/benefit (5) ($4.3m) $23.3m ($10.9m) $12.5m NPAT $14.5m NPAT (before AA) $44.5m ($81.6m) ($63.6m) $69.9m ($35.0m) $69.9m ($35.0m) EPS (before AA) 11.7 cents (16.8 cents) 18.3 cents (9.2 cents) 1) 233 2) 3) 4) Underlying Operations - excludes non-operating expenses (refer to slide 20 for detail), Share Based Payment expenses, Acquisition Amortisation and Convertible Notes interest. Excludes interest income Includes share of net loss from associates Acquisition Amortisation - includes charges relating to amortisation of intangibles acquired through acquisition and impairment charge on an associate 5) FY22 has been restated for the deferred tax liability impact related to the equity component of the convertible note. Refer to note 4.8 in the financial statements for more information. 6) Diluted EPS includes the impact of employee share grants and the convertible bond EPS - 3.8 cents (21.5 cents) 18.3 cents (9.2 cents) Diluted EPS (6) 3.8 cents (21.5 cents) 17.2 cents (9.2 cents) Effective Tax Rate (excl AA) Effective Tax Rate 8.8% 26.8% 13.5% 26.3% 22.9% 22.2% 13.5% 26.3% Depreciation and Amortisation (D&A) Rationalisation of technology platforms and implementation of new ERP/mid office solutions has resulted in a revision of useful lives and D&A acceleration of legacy platform. Refer to note 4.7 of the financial statements. FY24 outlook for D&A at c.$30 million and AA c.$15 million 17#18Webjet Limited Strong cash contribution from profit and working capital delivering $138m cash surplus. FY23 - Cash position. FY23 Positive average monthly cash flow AUD millions $21m $434m c.$12m Average cash surplus per month $56m • . $82m $593m $7m $86m Debt repayment ①$80m Cash up on March 2022 ($86m) $514m 31 Mar 2022 Cash & Cash Equivalents Foreign Currency Translation. Working Capital Movement Earnings/CAPEX/ Interest/Tax Cash & Cash Equivalents (before Finance & Investing) Finance & Investing Activities 31 Mar 2023 Cash & Cash Equivalents Strong cash contribution from trading profit coupled with positive working capital delivering cash surplus of c.$12 million/month (FY22: $4 million/month) Finance activity reflects primarily the repayment of $86 million term debt (since converted to revolving credit facility (RCF) that remains undrawn). RCF commitment has been extended from November 2023 to April 2024. Covenant Waiver Period ended 6 months ahead of schedule - Group returned to normal bank covenant testing with no minimum liquidity requirements from November 2022 (was April 2023). 18#19Webjet Limited FY23 reflects recovery in Group activity and increased compliance costs. 1) B2C is Webjet OTA and GoSee combined FY23 - Corporate costs. EBITDA (A$) 1H23 2H23 FY23 CY19 Change FY22 B2B EBITDA $63.7m $53.4m $117.1m $96.3m ↑ 22% ($4.6m) B2C EBITDA (1) $22.0m $23.0m $45.0m $74.1m 39% $6.4m Technology Investments ($2.5m) ($1.9m) ($4.4m) nm ($1.2m) Corporate costs ($10.7m) ($12.2m) ($22.9m) ($12.7m) ↑ 81% ($15.6m) Total EBITDA $72.5m $62.3m $134.8m $157.8m 15% ($15.0m) Corporate costs reflect recovery in group activity and increased compliance costs - - FY23 increase reflects recovery in group activity after years of low volumes. Current year includes STIs for the first time in 3 years, as well as increased investment in group technology and security. Compliance costs continue to increase primarily due to materially higher insurance premiums as well as material increases in audit. FY24 costs expected to be c. $25 million. Going forward expected to grow at CPI. Technology investments shows consolidation of P&L performance of Trip Ninja and investment in ROOMDEX. 199 19#20Webjet Limited ERP transformation complete. Non-operating expenses to be nil in FY24. FY23 - Summary of non-operating expenses. A$m Non-cash items Impairment of Online Republic brand Fair value loss on embedded derivatives (i.e. Convertible Note) Reduction in future liability to purchase remaining portion of Umrah Holidays International Total non-cash items Cash items Restructure costs Government wage subsidies received ERP system implementation costs Total cash items Total non-operating expenses included in Statutory EBITDA ERP system implementations are now complete • • FY23 FY22 14.0 0.2 (4.9) 9.3 2.5 (2.4) 12.2 8.8 12.2 8.9 12.2 18.2 WebBeds - Phase 1 went live early 2022 and Phase 2 in early 2023. ERP rollout is key to delivering further cost efficiencies as booking volumes recover and exceed pre-pandemic levels. B2C - ERP/mid office replacement to provide scalable booking platforms. Webjet OTA went live in June 2022 and GoSee in late 2022. Corporate-group financial reporting system replacement completed in 2023. All systems have now been replaced. FY24 focus will be on leveraging the investment to produce scalable benefits. 20#21Webjet Limited Focus on strengthening the Balance Sheet as recovery accelerates. 1) Includes $39.3m of restricted cash 2) Excludes restricted cash 3) Mar-22 has been restated for the deferred tax liability impact related to the equity component of the convertible note. Refer to note 4.8 in the financial statements for more information. FY23 - Balance Sheet. A$m Mar-23 Sep-22 Mar-22 (3) Cash & cash equivalents (1) 513.9 503.9 433.7 Trade receivables & Other assets 205.0 236.4 120.3 Non-current assets 869.3 852.0 851.8 Total Assets 1,588.2 1,592.3 1,405.8 • Trade & Other payables 433.7 482.3 276.8 Other current liabilities 67.2 70.9 58.5 Borrowings 235.5 228.4 308.2 Other non-current liabilities 17.6 19.5 23.9 Cash and Equivalents • Cash increase during the year driven by material recovery in trading profit and working capital benefits whilst also paying down $86 million of term debt Trade Receivables and Other Assets Continued strong recovery in B2B TTV driving increase in trade receivables. These are managed in-line with enhanced credit policy with debtor days materially lower than pandemic (down 30%) Trade and Other Payables Increase in line with B2B TTV growth. Payment terms consistent with pre-pandemic. Total Liabilities Total Equity 834.2 791.2 738.4 754.0 801.1 667.4 • Trade payables $366.3 million with $67.4 million accrued expenses and other payables Net debt (2) (239.1) (247.8) (101.3) • Current ratio 1.4 1.3 1.7 Other Current Liabilities Increase driven primarily from growth in B2B Merchant of Record activity. Borrowings • Reflects repayment of $86 million term debt (since converted to revolving credit facility (RCF) that remains undrawn). RCF • commitment has been extended from Nov-23 to Apr-24. Remaining borrowings represent the convertible note. 21#22Webjet Limited Significant cash generation driven by earnings growth and working capital benefit. 1) Includes share of net loss from associates and other income FY23 - Cash Flow. A$m FY23 FY22 Cash from Operations Statutory EBITDA ( 115.0 (42.8) Change in working capital & non-cash items 65.7 122.4 Income tax paid (0.3) Net interest paid (4.4) (7.8) Cash Flow from Operating Activities 176.3 71.5 . Capital expenditure (34.1) (21.4) (Acquisitions)/disposals (27.1) Dividends received 0.1 0.1 Cash Flow from Investing Activities (34.0) (48.4) New Equity/(raising costs paid) 5.2 4.6 Net proceeds/(repayment) of borrowings (84.2) 164.8 Lease principal repayments (4.5) (3.3) Payment of dividends (12.2) Cash Flow from Financing Activities (83.5) 153.9 FX movement on cash balances 21.4 (4.3) Net Increase / (Decrease) in Cash 80.2 172.7 Earnings recovery contributing to strong FY23 cash generation Continued growth in B2B TTV driving positive working capital benefit in FY23 Continued discipline on collections Investing CAPEX investment underpinning foundations for the recovery FY22 acquisitions represent 100% interest in Trip Ninja and 49% interest in ROOMDEX Financing Repayment of $86 million debt (was term debt due Nov-23; now converted to revolving credit facility committed to Apr-24) No final dividend declared for FY23 22#23Webjet Limited Investment supporting cost efficiencies as volumes recover and delivering scalable growth. FY23 - CAPEX Summary. AUD Millions 40 30 $35.3 $34.1 B2B $25.1 $21.4 20 B2B $24.3 Note: B2B includes WebBeds; B2C includes Webjet OTA and GoSee 10---- B2B $13.9 B2C B2C B2C $10.2 $9.8 $7.5 CY19 FY22 FY23 (pre-Covid) FY23 CAPEX B2B continues to invest in foundations for platform unification and operational technology improvements. Along with the one-off expensed ERP investment, this investment will create scalable foundations for an efficient end-to-end operating model as volumes continue to grow. B2C is investing in enhancements to support increased customer engagement, payment options and product innovations. Increased spend driven by the acceleration of investment in platform efficiencies FY24 CAPEX Expected to be c.$39 million. Both B2B and B2C will expand on foundational investments to improve efficiencies, as well as new offices as staff numbers return. 23#24Webjet Limited Group update FY24 Outlook webjet WebBeds Webjet.com.au Gosee#25Webjet Limited Webjet Group strong start to FY24. FY24 Outlook. WebBeds webjet™ webjet.com.au GoSee As at 19 May 2023, TTV is up more than 40% and Bookings are up more than 35% compared to the same period in FY23 As at 19 May 2023, TTV is up more than 30% and Bookings are up more than 10% compared to the same period in FY23 As at 19 May 2023, TTV is up more than 5% and Bookings are up more than 15% compared to the same period in FY23 A further trading update will be provided at the AGM on 31 August 2023. 25#26Webjet Limited Thank you. webjet WebBeds webjet.com.au GoSee BYCHOL