Ryanair Growth Opportunities

Credit highlights ✈ Strong balance sheet (BBB) - one of the best in sector ✈ Solid liquidity: (€3.9bn June 30), unencumbered assets (€7bn book value) ✈ Funding strengthens RYR financial position & facilitates post C-19 growth ✈ Return to Service in July - 40% capac.; Aug 60% (90% network covered) ✈ Europe's cost leader - Right-sizing the cost base ✈ Lowest fare/Lowest cost airline group ✈ Financial strength + Lowest cost = Long term winner RYANAIR MORE CHOICE. LOW FARES. GREAT CARE. 3

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