10-Year Airline and Business Jet Pilot Demand Outlook

35 55 CAPITAL ALLOCATION PRIORITIES Investment in accretive growth remains a priority given attractive return potential 40% Incremental Pre-tax DOI Return % on Capital Deployed in Civil Training (FY14-FY18) 30% 20% 10% 0% 2% 14% 7% 25% 24% 3% FY14 FY15 FY16 FY14 Deployments ■FY15 Deployments ■FY16 Deployments 31% 30% 28% 27% 11% 3% 15% FY17 FY18 ■FY17 Deployments ■FY18 Deployments 19% 5% ~$316M capital investment from FY14-FY18 to deploy 47 FFSs within CAE's Civil commercial and business aviation training network Growth capital deployed in Civil in the last five years has grown recurring revenue and has been highly accretive CAE Inc. Proprietary Information and/or Confidential 1 CAE

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