Investor Presentaiton

QANTAS LOYALTY Continuous innovation since launching Qantas Frequent Flyer 2.6 10.71 10.1 9.4 8.6 7.9 7.1 5.8 5.3 4.9 3.9 1987 2001 2004 Frequent flyer Revised tiers 108 1. As at April 2015. MEMBERS (M) 2015 2007 2008 2009 2010 2011 2012 2013 2014 IT'S TIME TO CHOOSE QANTAS I Frequent flyer Store Improved segmentation Jet⭑ Points Plus Pay everyday and OnePath Platinum epiQure One Q Cash 鼠 EID QANTAS Wishlist QANTAS accumulate. RED PLANET. Taylor Fry HOTELS Q AQUIRE QQANTAS STORE: QANTAS GOLF CLUB. Q ONLINE MALL 100

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