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Investor Presentaiton

SUMMARY AND OUTLOOK Outlook Value creation Expect to accelerate delivery of medium term targets > Q3 RPS expected to be +20% YoY > Momentum continues with booking window returning towards normalised levels Q3 73% booked: +1ppts vs FY22 Q4 36% booked: +3ppts vs FY22 > Expect H2 headline CPS ex fuel to be broadly flat YoY Radically changed network delivering > Transformed Ancillary revenue generation > Balance sheet strength Investment grade balance sheet Aircraft deliveries taken into ownership De leveraging underway Positioned to deliver strong shareholder returns Mid teen EBITDAR Margin Low to mid teen ROCE Holidays £100m+ PBT contribution Grow capacity back to 105m 21

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