#1Ryanair Orders 300 Boeing 737 MAX-10 Aircraft ($40bn) BOEING RYANAIR#2Q ZAHA BOEING RYAN RYANAIR RYANAIR A OP#3Europe's Lowest Cost Airline Group ✈ Lowest fare/lowest cost EU airline group ✈ No. 1, Traffic: 185m (FY24) ✈ No. 1, Cust. service & reliability ✈ No. 1 EU ESG airline – Sustainalytics ✈ Strong (BBB) bal. sheet (S&P & Fitch) ✈ Fin. strength + lowest cost = L.T. winner RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR#4Europe's No. 1 Coverage ✈ 91 bases 230 apts, 36 countries ✈ 540 aircraft ✈ 2,450+ routes ✈ 3,000+ daily flights ✈ 225m pax FY26 ✈ Strong mkt. share gains RYANAIR Low fares, great care BUZZ TERCEIRA OPONTA DELGADA OMADEIRA OLANZAROTE FUERTEVENTURA TENERIFE (N) TENERIFE (S) GRAN CANARIA LLauda KNOCK SHANNON DUBLIN KERRY O CORK DERRY GLASGOW (1) O GLASGOW (P)O LISBON NEWQUAY ASTURIAS SANTIAGOO VIGOO PORTOO BELFASTO MANCHESTER LIVERPOOL BIRMINGHAMO CARDIFFO FAROO MARRAKESHO ESSAOUIRAC JEREZ SANTANDER VITORIA VALLADOLID MADRID TANGIER SEVILLE EDINBURGH MALAGA BRISTOL EXETER CAGADIR ABERDEEN 0 NEWCASTLE TEESSIDE LEEDS CEAST MIDLANDS LA ROCHELLE TETOUAN BORDEAUX CO BIARRITZ LOURDES CARCASSONNE ZARAGOZA CASTELLON VALENCIA platform for growth LAPLAND TAMPERE LAPPEENRANTA HELSINKI TALLINN SALICANTE MURCIA NADOR RABAT OUJDA FEZ OUARZAZATE ALMERIA *MALTA AIR OSLO (0) LONDON (L) AMSTERDAM U MÜNSTER (OS) PADERBORN BERLIN CLONDON (ST) EINDHOVEN ODÜSSELDORF (W) LEIPZIG LONDON (G) MAASTRICHT CCOLOGNE BRUSSELS (2) BOURNEMOUTH LILLE BRUSSELS (C) O FRANKFURT (H) LUXEMBOURG O OBADEN ONUREMBERG VATRY STRASBORG MEMMINGEN DOLE SALZBURG AALBORG TORP AARHUS BREMEN CBILLUND DORTMUND FIGARI MENORCA ALGHERO ÖREBRO GOTHENBURG HAMBURG VÄSTERÅS PISA PERUGIA CAGLIARI COPENHAGEN MALMO PARIS (B) 100 NANTES TOURS BASEL BRIVE POITIERS MILAN (6) TRIESTE ZAGREB CLIMOGES CLERMONT MILAN (M) TREVISO TURIN VERONA RIJEKA BERGERAC RODEZ OVENICE (M) PULA CUNEO GENDA BOLOGNA NIMES TOULOUSE ZADAR GRENOBLE PARMA MARSEILLE SPLIT PERPIGNAN NICE PESCARA BEZIERS BARCELONA (C) OBARCELONA REUS IBIZA OPALMA FORLI V VÄXJÖ 0 SZCZECIN RIMINI ANCONA CLULEA ROME (C) ROME (F)O BRNO VIENNA KLAGENFURT PALERMO TRAPANI (M) COMISO DRESDEN WROCLAW PRAGUE O PARDUBICE NAPLES LAMEZIA SKELLEFTEÅ STOCKHOLM (A) OLSZTYN-MAZURY RYANAIR MALTA OVISBY OCATANIA GDANSK POZNAN CBYDGOSZCZ KRAKOW OSTRAVA KOSICE BRATISLAVA PODGORICA BARI CBUDAPEST BANJA LUKA TUZLA DUBROVNIK PALANGA CROTONE WARSAW (M) WARSAW (C) LODZ LUBLIN KATOWICE RZESZOW BRINDISI KEFALONIA ORIGA ORADEA NIŠ KAUNAS KALAMATA VILNIUS TIMISOARA SIBIU CLUJ SOFIA PLOVDIV CHANIA ZAKYNTHOS SUCEAVA OTHESSALONIKI CORFU PREVEZA SKIATHOS CATHENS MYKONOS CIAŞI OBUCHAREST VARNA BURGAS KOS BODRUM SANTORINI RHODES HERAKLION EILAT DALAMAN RYANAIR PAPHOSO LARNACA TEL AVIV AMMAN AQABA#5Strong Mkt Share Gains Across Europe Italy Hungary Austria Poland Ireland Spain UK No. 1 RYANAIR Low fares, great care RYANAIR, (40%) RYANAIR (31%) AUA RYANAIR (36%) RYANAIR (22%) BUZZ No. 2 easyJet easyJet Wizz RYANAIR (58%) Aer Lingus RYANAIR (19%) LOT Vueling Source: Ryanair market analysis; *Apr. 2022-Mar. 2023 (FY23) vs Apr. 2019 - Mar. 2020 (FY20) LLauda RYANAIR (21%) *MALTA AIR No. 3 ITA LUF Wizz Wizz BA Iberia BA RYANAIR Share gain +13pts +12pts +10pts +10pts +9pts +3pts +2pts RYANAIR#6Record 300 Boeing MAX-10 order ✈300 Boeing MAX-10's (subj. to AGM app. 14 Sept.) 150 firm & 150 options Delivs. between 2027 - 2033 ✈ $40bn+ list price - competitive discount agreed ➜ 21% + seats (228 vs 189 on NGs) & LEAP engines deliver: up to 20% lower fuel, CO2 & 50% less noise est. 10% ex-fuel unit cost savs. (cost gap widens) - approx. 20% more rev. opportunities ✈ 150 acft. to replace older NGs., 150 for growth ✈ Grow traffic to 300m by FY34 - approx. 30% mkt. share ✈ Create 10,000 new jobs for high pay aviation profs. by 2034 RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR#7Solid Balance Sheet funds order → Strong BBB credit ratings (S&P / Fitch) ✈ 2 yr gap from B-8200 deliv. (FY25) to MAX-10 delivs. (FY27) ✈ Boost cashflows to min. borrow costs as int. rates rise ✈ Existing fleet of 540 acft. unencumbered ✈ Acft. capex > €2bn p.a. from 2027 onwards ✈ Some capex offset from NG disposals on 150 repl. acft. ✈ Fund from internal cash & low cost debt - stay opportunistic RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR#8(i) 300 MAX-10 Order 300 MAX-10s Drive Traffic Growth to FY34 FY23 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 Pax growth vs FY23 (168.6m) RYANAIR Low fares, great care BUZZ Pax p.a. (m) 168 230 235 240 250 265 280 290 300 Lauda Pax Growth (y-o-y) +2% +2% +2% +4% +6% +6% +4% +3% *MALTA AIR Cum. Growth RYANAIR +36% +39% +42% +48% +57% +66% +72% +80% (i) RYANAIRS TRE#9700 500 300 100 Fleet FY27 Fleet (yr. end) 537 28 98 411 FY23 RYANAIR Low fares, great care 660 17 23 210 410 FY27E 675 45 18 210 402 FY28E BUZZ FY34 (300 MAX-10 order) 680 B737 NG 75 9 210 386 FY29E 700 Lauda 124 210 365 FY30 E 730 174 210 346 FY31E B737-8200 A320 MAX-10 *MALTA AIR 760 224 210 326 FY32E 790 274 210 306 FY33E RYANAIR 800 300 210 290 FY34E 300 x MAX-10s ↓ More seats Less fuel Lower costs ↓ Addit. capac. for airports to grow ↓ Lower apt. & hand. costs ↓ Lower fares ↓ Traffic + profit growth RYANAIRS#10Summary ✈ MAX-10 order drives fleet renewal & disciplined growth to 2034 ✈ Traffic grows to 300m p.a. - 10,000+ new jobs EU airlines consolidate - big growth opportunities ✈ New acft. = lower costs (fuel, CO2 & ex-fuel) & more rev. ops. ✈ MAX-10 228 seats (+21% NG) drives sustainable profit growth ✈ Strong bal. sheet & liquidity supports orderbook & financing ✈ MAX-10 delivers for RYA guests, people & shareholders RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR#11Disclaimer Certain of the information included in this presentation is forward looking and is subject to known and unknown risks and uncertainties that could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon future circumstances that may or may not occur. In addition, forward looking statements require management to make estimates and judgements about future events that are inherently uncertain. Although these estimates and judgements are based on management's best information available at the time, actual results may differ significantly from these estimates. A number of factors could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements including those identified in this presentation and other factors discussed in our Annual Report or Form 20-F filed with the SEC. It is not reasonably possible to itemise all of the many factors and specific events that could affect the outlook and results of an airline operating in the European economy and North Africa. Among the factors that are subject to change and could significantly impact Ryanair's expected results are the airline pricing environment, fuel costs, "Brexit", a global pandemic, competition from new and existing carriers, market prices for replacement aircraft, costs associated with environmental, safety and security measures, actions of the Irish, U.K., European Union ("EU") and other governments and their respective regulatory agencies, fluctuations in currency exchange rates and interest rates, airport access and charges, labour relations, the economic environment of the airline industry, the general economic environment in Ireland, the UK and Continental Europe, the general willingness of passengers to travel and other economics, social and political factors and flight interruptions caused by volcanic ash emissions or other atmospheric disruptions. These and other factors could adversely affect the outcome and financial effects of events or developments referred to in this presentation on the Ryanair Group. Forward looking statements contained in this presentation based on trends or activities should not be taken as a representation that such trends or activities will continue in the future. Except as may be required by the Central Bank of Ireland, Euronext Dublin, the NASDAQ Stock Market, the U.S. Securities and Exchange Commission or by any other rules of any applicable regulatory body or by applicable law, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward statements contained herein to reflect any changes in the Company's expectations with regard to any change in events, conditions or circumstances on which any such statement is based. This presentation contains certain forward-looking statements as defined under US legislation. By their nature, such statements involve uncertainty; as a consequence, actual results and developments may differ from those expressed in or implied by such statements depending on a variety of factors including the specific factors identified in this presentation and other factors discussed in our Annual Report or Form 20-F filed with the SEC. You should not place undue reliance on any forward-looking statements. The forward-looking statements in this presentation speak only as of the date of this presentation. RYANAIR Low fares, great care BUZZ Lauda *MALTA AIR RYANAIR RYANAIR