WESTJET Strategy Overview

Key credit metric declines to 1.2 in 2020 Adjusted Net Debt/EBITDAR 1,2 2013 2014 2015 2016 2017 YTD 2018F 2019F 2020F 1 Trailing 12 months earnings before interest, taxes, depreciation, and aircraft rent and other items (EBITDAR) 2 Forward-looking information is based on current forecast and strategy and assumptions related to demand, fuel price, foreign exchange, maintenance, agreements, aircraft commitments and bookings 82 TSE: WJA 1.2

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