Investor Presentaiton

Velocity Frequent Flyer acquisition Reclaiming full ownership of frequent flyer program to drive significant benefits for the Group MEMBERSHIP GROWTH SEGMENT REVENUE AND INCOME For personal use only 1H18 1H19 1H20 10.1m 9.5m 8.6m 1H18 $191m 1H19 1H20 +6% CAGR $215m $209m 1H18 1H19 1H20 +11% CAGR $69m $59m $56m This page contains Non-Statutory measures which are defined on slide 23 Group will now retain 100% of cashflows and equity distributions from Velocity business Incremental revenue synergy opportunities through improved loyalty engagement Increased wallet share through enhanced data and analytics initiatives • Group integration simplifies business and enables cost savings Virgin australia group Membership base continues to grow, standing at more than 10 million 2019 Awards: Program of the Year; Best Redemption Ability; Best Customer Service; Best Elite Program and Best Promotion at the Freddie Awards in the Middle East and Asia / Oceania category Virgin Australia Group results H1 FY20 | 8

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