#1Q3 Results - Feb 2020 RYANAIR MORE CHOICE. LOWER FARES. GREAT CARE.#2Europe's Favourite Airline Group ✈ Lowest fare/lowest cost airline group ✈ No. 1, Traffic - 154m guests (+8%) ✈ No. 1, Cover - 241 airports/2,100 routes ✈ Lower growth drives higher fares ✈ EU airline failures/sales accelerate ✈ EU's greenest, cleanest airline ✈ Lowest cost = structural winner RYANAIR - T 2#3Europe's No. 1 Coverage ✈ 82 bases ✈241 airports (60% prim) ✈ Over 2,100 routes ✈ S.20 -Ktw (Pol), Zad (Cro) -Armenia -111 new routes ✈154m guests (+8%) RYANAIR KNOCK SHANNON KERRY CORK TERCEIRA PONTA DELGADA LANZAROTE TENERIFE (S) TENERIFE (N) DERRY NEWQUAY GRAN CANARIA FUERTEVENTURA BELFAST DUBLIN GLASGOW (1) LISBON 0 FARO PORTO SANTIAGO VIGO 0 LIVERPOOL MANCHESTERO CARDIFF AGADIR BIRMINGHAM O EDINBURGH GLASGOW (P) BRISTOL EXETER BOURNEMOUTH ESSAOUIRA VITORIA VALLADOLID C MADRID SEVILLE JEREZ MALAGAO RABAT TANGIER FEZ MARRAKESH ABERDEEN NEWCASTLE LEEDS EAST MIDLANDS BREST LIMOGES BERGERAC BORDEAUX RODEZ GRENOBLE SANTANDER BIARRITZ TOULOUSE NIMES TURIN BILBAO OL LOURDES OMARSEILLE CARCASSONNE PERPIGNAN BEZIERS O BARCELONA (G) ZARAGOZA BARCELONA (E) FIGARI NANTES LA ROCHELLE OUARZAZATE DINARD TOURS CASTELLON REUS VALENCIA OALICANTE OMURCIA ALMERIA NADOR PARIS VATRY OUJDA HAUGESUND LONDON (L) LONDON (ST) OLONDON (SO) LONDON (G) AMSTERDAM EINDHOVEN OLILLE MAASTRICHT DRESDEN BRUSSELS (ZO BRUSSELS (CO COLOGNE PRAGUE LUXEMBOURG FRANKFURT (M) FRANKFURT (H) PARDUBICE STRASBOURG STUTTGART ONUREMBERG OPOITIERS DOLE BADEN MUNICH CLERMONT MEMMINGEN O IBIZA OSLO (G) TORP PALMA AALBORG AARHUS MENORCA BILLUND DUSSELDORF (W) DUSSELDORF BRIVE BASEL MILAN (B) HAMBURG BREMEN SZCZECIN STOCKHOLM O RIMINI ROME (F) O ALGHERO GOTHENBURG COPENHAGEN CAGLIARI DORTMUND BERLIN (S) POZNAN LODZO WROCLAW MILAN (M) VERONA VENICE (T) TRIESTE VENICE (M) CUNEO PARMA GENOA NICE PISA PERUGIA BOLOGNA PALERMO TRAPANI OVÄSTERÅS MALMO COMISO VÄXJÖ BYDGOSZCZ BERLIN (T) O LAMEZIA GDANSK OMALTA ZADAR a SPLIT ANCONA DUBROVNIK PESCARA PODGORICA ROME (C) ONAPLES BARI CATANIA BRATISLAVA KOSICE SALZBURG VIENNA BUDAPEST TAMPERE CORFU CROTONE KEFALONIA LAPPEENRANTA PALANGA WARSAW (C) LUBLIN KATOWICE KRAKOW RZESZOW OSTRAVA BRNO LVIV TIMISOARA CLUJ PULA BANJA LUKA BUCHAREST RIJEKA 0 BRINDISI TALLINN RIGA OLSZTYN-MAZURY WARSAW (M) KAUNAS VILNIUS ATHENS NIŠ OSOFIA KAVALA THESSALONIKI AKTION PREVEZA PLOVDIV MYKONOS KYIV ODESA EILAT OVDA KHARKIV KHERSON TBILISI RHODES SANTORINI CHANIA HERAKLION PAPHOS BURGAS BODRUM DALAMAN KUTAISI TEL AVIV AMMAN YEREVAN GYUMRI LARNACA BEIRUT AQABA 3#4Ryanair Wizz Europe's Lowest Fares easyJet Norwegian Lufthansa IAG AF/KLM Avg Competitor Fare (Source: FY results/Annual Reports) RYANAIR Ave. Fare €37 €47 €61 €91 €176 €191 €210 €129 Change -6% +3% +2% +14% -10% -1% -1% % > Ryanair +27% +65% +146% +376% +416% +468% +249% SEAT SALE 10% OFF 500,000 SEATS RYANAIR 4#5Europe's Lowest Costs Wins! € per pax Staff/efficiency (py) Airport & Hand. Route Charges Own'ship & maint. S & M other Total %> Ryanair RYA 7 (6) * Incl. one-off exceptional gain on aircraft disposals RYANAIR 7 LO 5 6 4 29 WIZ 6 (5) 11 5 15 2* 39 +34% EZJ 10 (9) 21 5 9 8 53 +83% NOR 19 (17) 19 7 32 8 85 +193% E'Wings 19 (18) 33 7 21 34 114 +293% LUV 48 8 0 15 18 89 +207% 5#6Q3 FY20 Results Guests (m) Rev per Pax Avg. fare Ancills per Pax Unit Costs (ex fuel) Net (loss)/PAT EPS RYANAIR Dec 18 33.8 €47 €30 €17 €31 €(66)m €(0.06) Dec 19 35.9 €53 €33 €20 €31 €88m €0.08 +6% +13% +9% +21% +1% 6#7Current Developments ✈ MAX-200s delayed to W.20 ✈ Cost leadership maintained despite MAX delays ✈ Slower cap. growth & higher fuel drives consolidation ✈ Higher Lauda losses due to price war Ger. & Aust. ✈ Continued environmental progress ✈ €700m buyback extend to July (€440m to date) ✈ FY guidance up €0.95bn - €1.05bn (was €0.8bn - €0.9bn) RYANAIR#8Boeing 737MAX update ✈210 orders (135 firm, 75 options) ✈ MAXS delayed to W.20 ✈ Slower FY21 growth (162m → 156m) ✈ Closures: Ace, Bfs, Ham, Lpa, Nue, Nyo & Tfs ✈ PDPs frozen - Ongoing Boeing talks ✈ Great aircraft: 4% more seats, 16% less fuel ✈ Target of 200m guests delayed to FY25/FY26 RYANAIR nutella RYANAIR LOW FARES MADE SIMPLE CLOW FA AGEN A 8#9Consolidation continues ✈ Failures: ✈ For sale: ✈ Sold: ✈ State aid: ✈ Vienna Cuts: ✈ Acft grounded: RYANAIR Ernst Airlines (Ita) - Astra (Gre) - Adria (Slov) - TAP (Por), Croatia Air Air Europa (Spa), Condor (Ger) – Alitalia (Ita), Flybe (UK), Tarom (Rom) - E'Wings, Level & EZJ Blue Air (fleet cut 2214) 9#10Lauda losses increas ✈ Ave. fares lower than expected ✈ Luft below cost selling in Ger. & Aust. ✈ 6.5m guests FY20 ✈ New cost-cutting programme ✈ Grow from 23 36 acft for S.20 5th base in Zadar S.20 ✈ FY20 losses grow from €80m to €90m RYANAIR L 10#11EU's Cleanest Greenest Airline: Progress Report First EU Airline to publish CO2 Emissions ✈ Dir. of Sustainability appointed ✈ Up to 50% lower than BA/Luft/AF ✈ Cut CO2 by 10% to <60g by 2030 ✈ "Plastic free" in 5 years (60% now) ✈ Rise in guest voluntary carbon offsets ✈210 new a/c: cuts fuel 16%, cuts noise 40% RYANAIR EUROPE'S CLEANEST & GREENEST AIRLINES GROUP ENVIRONMENTAL POLICY VOL. 2-2020 -RYANAIR RYANAIR MORE CHOICE. LOW FARES. GREAT CARE. 11#12FY20 Guidance ✈ 154m guests (+8%) ✈ Rev Per Pax +3% to +4% ✈ Ex fuel unit costs +2% ✈ Fuel +€440m ✈ PAT range €0.95bn to €1.05bn → Subject to Q4 fares & absence of security events ✈ FY21 guidance in May RYANAIR 12