Investor Presentation

CAPITAL ALLOCATION STRATEGY CAE's three capital allocation priorities 29 Invest in superior & sustainable growth Maintain a strong financial position Provide current shareholder returns CAE Inc. Proprietary Information and/or Confidential Acquisitions involving existing capacity holders and capability holders to enhance CAE's global offering and increase market addressability Organic capital investment in capacity and to develop innovative capabilities to strengthen competitive moat and expand aperture to pursue greater addressable market Customer outsourcings mainly training for airlines seeking to improve efficiency and enhance their safety management programs CAE

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