Three-Year Recovery Plan

FY21 Profit Bridge compared to FY19 Group Total Revenue decline $12.0b 1,326 FY19 Underlying PBT 100 (11,930] Activity-based, rightsizing and restructuring benefits $8.9b Manpower cost benefit $ 483 m Other cost benefits $ 167 m Restructuring benefits $ 650 m 2,240 2,468 14 (13) 96 (152) 1,216 (1,826) Selling & Marketing Computer & comms es es $ $ 696 m 168 m Capacity hire $ 173 m Other items Other Expense Reduction $ 179 m $ 1,216 m 3,011 345 (447) Net Passenger Revenue Net Freight Revenue Other Revenue Fuel Manpower Aircraft Operating Variable Other Expenses Depreciation & Amortisation Impairment of Assets Discount rate changes on provisions FY21 Share of losses from Associates Underlying LBT | 11

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