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Investor Presentaiton

QANTAS LOYALTY Multiplier effect and favourable correlation with inflation Number of members Level of members' expenditure Number of loyalty participants (e.g. Earn partners) Use of loyalty affiliated payment methods More people participating āœ“ " " ... and spending more and engaging with loyalty programs in more ways and with more payment methods to earn points ...each supported by macroeconomic and industry specific factors " Population growth Loyalty program participation Affluence of members Level of expenditure Discretion about where to spend Competition and concentration in industries Quality of earn partners (e.g. market share, profit margin) Technological development Recognition of the value of loyalty marketing Availability of credit cards linked to loyalty programs Merchant acceptance of different payment methods Level of credit card spend 146
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