Investor Presentaiton

Statutory Balance Sheet summary (post AASB 16) For personal use only Balance Sheet and Liquidity ($m) Cash and cash equivalents Other current assets Property, plant & equipment Other non-current assets Total assets 1H20 FY19 Change 1,107.6 1,740.0 (632.4) 377.3 425.3 Current interest-bearing liabilities 4,323.3 974.2 6,782.4 542.2 3,202.1 (48.0) 1,121.2 . Creation of Right of Use Assets as part of AASB 16 implementation 1,100.8 (126.6) • 6,468.2 314.2 771.9 229.7 Impact of AASB 16 and debt funded Velocity acquisition impacting interest bearing liabilities Non-current interest-bearing liabilities 4,812.4 2,256.9 (2,555.5) • Retained earnings as represents transaction with existing owners Interest-bearing liabilities 5,354.6 Other liabilities Total liabilities Total equity 3,027.4 8,382.0 (1,599.6) 618.9 3,028.8 (2,325.8) 2,820.5 (206.9) 5,849.3 (2,532.7) (2,218.5) . FY19 unrestricted cash balance was higher ahead of the US 144A note repayment Unrestricted cash balance 900.3 1,330.3 (430.0) Virgin Australia Group has implemented AASB 16 Leases from 1 July 2019 using the modified retrospective approach. Under this approach, prior year comparative information has not been restated. This page contains Non-Statutory measures which are defined on slide 23. Virgin Australia Group results H1 FY20❘ 19 Virgin australia group

View entire presentation