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Investor Presentaiton

ADDITIONAL FINANCIAL INFORMATION FY23 Depreciation vs FY22 c. £(130)m increase in depreciation YoY primarily due to: £(71)m maintenance discounting benefit in FY22 driven by increase in USD interest rates £(40)m maintenance reserve increase due to an increase in the leased fleet, planned increase in flight volumes and adverse FX & inflationary cost pressure £(20)m net impact driven by growing the fleet from 320 aircraft in FY22 FY 2022 RESULTS 29 29

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