CAE Financial and Business Overview

CAPITAL ALLOCATION PRIORITIES Attractive compound growth 40% 35% Incremental Pre-tax Return % on Organic Capital Deployed in Civil Training** (FY16-FY20) 30% 25% 20% 15% 10% 5% 1% 0% FY16 17% 15% 11% 8% 2% FY17 FY18 35% 32% 31% 29% 29% 27% 1% FY19 14% FY20 $510M+ organic capital investment from FY16-FY20 to deploy 60+ FFSS* within CAE's Civil 3% commercial and business aviation training network ■FY16 Deployments Total ■FY17 Deployments Total ■FY18 Deployments Total ■FY19 Deployments Total ■FY20 Deployments Total Organic growth capital deployed in Civil over the last five years has increased the base of recurring revenues and has been highly accretive *Non-GAAP and other financial measures (see slide 3 and Appendix) **Defined as the operating profit of the FFSs divided by the investment in FFSS* by year of deployment 31 CAE Inc. Proprietary Information and/or Confidential CAE

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