Capital Allocation Strategy

CAPITAL ALLOCATION STRATEGY Maintain solid balance sheet while investing in accretive growth Millions $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $2.0B growth capital deployed, including acquisition of Bombardier BAT L3HMT acquisition closure in July 2021 Net Debt to Capital % 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% $0 0.0% FY18** FY19** FY20 FY21 Q3 FY22 Net Debt* Debt Net Debt-to-Capital* Track record of maintaining a solid financial position while deploying accretive growth capital * Non-GAAP and other financial measures (see Appendix) ** 30 Figures have not been restated to reflect the adoption of IFRS 16. CAE Inc. Proprietary Information and/or Confidential CAE

View entire presentation