Investor Presentaiton
FINANCE
Qantas' targets aligned with shareholder objectives
Maintain total shareholder returns in top quartile of ASX100 & global airlines
1. Maintaining an Optimal
Capital Structure
Mix of debt and equity that
minimises the WACC
2. ROIC WACC
Through the Cycle
ROIC EBIT² divided by Invested Capital
3. Disciplined Allocation
of Capital
Focus on ROIC accretive opportunities
and delivering returns to shareholders
Target: continually
minimise WACC¹
Target: ROIC > 10%³
Target: Growing invested capital
with disciplined investment
Maintainable EPS4 growth over the cycle
TSR5 in the top quartile
1. Pre tax.2.Refer to appendix. 3. ROIC above 10% ensures Group objective of delivering ROIC > WACC through the cycle. 4. Earnings per share. 5. Total shareholder return.
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