Investor Presentaiton

STRATEGY & TRANSFORMATION Case example: Transforming Engineering Right-sizing organisation - Executive redundancy program - Support services redundancy program - - Engineering services rationalised B747 base closure Engineering: Consolidating Processes Base Maintenance Consolidation Component Maintenance consolidated Integrated Planning/Maintenance Operations Centre Key for future cost reductions is matching supply and demand of labour to increase productivity Engines, Planning, Support & Component Calibration & Component ~900 FTE reduction by FY15¹ $120m Benefits realised by FY15² 1. As part of the Transformation Program from January 2014 to June 2015. 2. Since January 2014. 60 60

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