Ryanair Debt Investor Update

Europe's Only Ultra Low Cost Carrier ✈ Proven, resilient business model → Europe's lowest fares/lowest unit costs ✈ Europe's No 1, Traffic ✈ Europe's No 1, Coverage ➜ Europe's No 1, C'mer Service - - - 90m (No.1 or 2 market leader) 72 Bases, 189 Airports, 30 Countries Lowest Fares/On-time/Bags/Cancellations "Always Getting Better" / Digital Rollout ✈ Forward bookings, load factors & traffic rising → 380 new aircraft order = growth to 160m pa by FY24 ✈ Industry leading cash generation & liquidity ✈ Unblemished 30 year safety record ✈ World's highest rated airline, BBB+ (stable), S&P & Fitch 30 RYANAIR YEARS OF LOW FARES 1985 - 2015 2

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