Three-Year Recovery Plan

2H21 Movement in cash position 2,606 115 Term loan Financing Cash Outflows ($652]m¹ Statutory Net Free Cash Flow $267m (557) 1,312 (837) Amortising secured debt repayment ($227)m and Bond repayment [$330]m (210) Includes lease liability repayments Cash flows generated from operations and working capital benefits, excludes Includes redundancy and restructuring costs, refunds and deferred payables² (208) Includes aircraft capitalised maintenance one-offs 31 Dec 20 Cash Balance Unsecured Debt Raised Debt Repayments Other Financing Costs Statutory Operating Cash flow $475m Underlying Operating Cash Flow One-offs Statutory net free cash flow positive for 2H21; Balance Sheet repair has commenced 100 1. Includes the impact of FX, $3m reported in the Cash Flow Statement for 2H21. 2. Management identified deferred payables at 30 June 2020 through the Group's cash management program. 2,221 Investing Cash Flow 30 Jun 21 Cash Balance | 13

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