Investor Presentaiton

Statutory Cashflow Statement (post AASB 16) For personal use only Cash Flow Statement ($m) Cash generated from operating activities Cash payments for business restructuring expenses Net cash from operating activities Net cash used in investing activities Net cash from (used in) financing activities 1H20 1H19 Change 261.5 276.4 (14.9) (62.4) (13.4) (49.0) 199.1 263.0 (63.9) . (122.7) (263.6) 140.9 (708.5) (198.7) (509.8) Net increase in cash and cash equivalents incl. impact of FX Cash and cash equivalents (632.4) (164.0) (468.4) 1,107.6 1,251.5 (143.9) Investing activities includes $130 million proceeds on aircraft disposal driven by sale and lease back transaction Financing includes cash paid for Velocity acquisition as the entity was already consolidated Cash balance >$1 billion Virgin Australia Group has implemented AASB 16 Leases from 1 July 2019 using the modified retrospective approach. Under this approach, prior year comparative information has not been restated. This page contains Non-Statutory measures which are defined on slide 23. Virgin Australia Group results H1 FY20❘ 15 Virgia australia group

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