10-Year Airline and Business Jet Pilot Demand Outlook

A resilient business model 39 CAE Consolidated Segment Operating Income (SOI) SOI down 14% post 'Financial Crisis' Millions $500 $450 $400 SOI down 60% $350 post '2001 Crisis' $300 $250 $200 $150 $100 $50 $0 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY01-FY10 Canadian GAAP; FY11-FY17 IFRS CAE Inc. Proprietary Information and/or Confidential CAE

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