Investor Presentaiton

5 MORE DETAIL ON GROWTH MODEL DRIVER KPI FY21 FY22 FY23 Volume Market growth + + + ++ eDO growth ++ ++ ++ Revenue Revenue Margin ++ diversification ++ ++ ++ Prime Classical business Variable costs Cost base + EBITDA Fixed costs ++ +++ +++ + ¦ +++ +++ Basis for growth is an OTA flights market growing at 1-2% plus our own growth on top of that based on market share gains within OTAs (superior end-to-end customer experience, more loyalty and repeat driven by Prime), and growing outside of the pure flights market as we sell a more diversified basket of products EBITDA expected to grow very healthily broadly in line with FY20 guidance but less than volumes, as we prioritise the strategic objective of continuing to grow scale and dominate the market, and therefore meaningfully reduce service fees on the flight intermediation. eDreams ODIGEO 42 INVESTOR PRESENTATION

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