Air Canada Rouge - First Five Years

Expect Continued Strong EBITDAR Margins • • Expect revenue growth to continue - - - - - Leveraging unique competitive advantages and fleet investments Air Canada Rouge Revenue enhancement initiatives Revenue diversification - International points of sale revenue Ancillary sales Technology Continuous focus on cost transformation - - New more-efficient narrow-body aircraft - - - Lowering cost structures of regional partners Cost reduction initiatives Process/productivity improvements Technology Outstanding customer service Expect EBITDAR margin of approximately 16% in 2018 (1) and an annual EBITDAR margin of 17% to 20% in 2019 and 2020 (1) (1) As reported on October 31, 2018 26

View entire presentation