WESTJET Strategy Overview

Capital Expenditures peak in 20191,2 ~$ 1 billion ~$135M ~$40M ~$780 million ~$230M ~$1 billion N$160M ~$65M ~$870 million ~$125M ~$90M ~$35M ~$815M ~$820M ~$655M ~$515M 2017F 2018F 2019F 2020F ■ Other Aircraft & Aircraft related ■Maintenance 79 1 2018: FX 1.29, 2019: FX 1.30, 2020: FX 1.32 2 Forward-looking information is based on current forecast and strategy and assumptions related to demand, fuel price, foreign exchange, maintenance, agreements, aircraft commitments and bookings TSE: WJA

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