TRANSFORMING INTO A GLOBAL CHAMPION

LEVERAGING OUR GEOGRAPHY TO MAXIMIZE 6TH FREEDOM TRAFFIC POTENTIAL Best-in-class connections process at Toronto Pearson ■ International-to-U.S. & international-to-international connections process is simple and allows for seamless connections - - - Competitive elapsed time No need to pick up and/or re-check bags No need to change terminals - U.S. CBP pre-clearance facilities - Passengers arrive in U.S. with other domestic flights VANDOUVER CALGARY MONTREAL TORONTO Agreement with GTAA reduces CASM for incremental traffic growth at Toronto Pearson 12 12

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