Three-Year Recovery Plan

Looking forward, we remain committed to the FY24 targets Qantas Domestic Jetstar Domestic Relative margin advantage Relative margin advantage Qantas International Relative competitive advantage Jetstar International Lowest cost position Qantas Loyalty Stable earnings growth Targeting EBIT margin¹ ~18% Targeting EBIT margin ~22% Targeting ROIC >10% Targeting ROIC >15% Targeting $500-600m EBIT 100 1. Underlying segment EBIT divided by total segment revenue. People: Continued improvement in employee engagement Customer: Maintain Net Promoter Score premium to competitor Top quartile shareholder returns | 36

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