Investor Presentaiton

HEADLINE COST PER SEAT Cost per Variance to Variance to Weighted variance at constant HY22 at HY22 at H1'23 Drivers H2'23 Direction seat constant constant currency currency' currency 1,2 £ £ % % Increased load factors Airports and ground handling 19.41 (3.04) (19)% (6)% Inflation at regulated airports with RPI/CPI linked contracts Inflation from crew pay deals . Crew 11.19 (0.41) (4)% (1)% Early summer 23 recruitment & resilience, partially offset by: Fixed costs being spread over higher flying volumes . Inflation at regulated airports with RPI/CPI linked contracts Resilience & Inflation from crew pay deals, partially offset by; Fixed costs being spread over higher flying volumes Navigation 4.36 (0.58) (16)% (1%) EuroControl rate increase implemented in January 22 & 23 • EuroControl rate increase implemented in January 23 Maintenance 4.59 0.72 14% 1% Fixed costs being spread over higher flying volumes • Inflationary pressure on materials Removal of 15 wet lease aircraft compared to the prior year, now being flown on own production, & incurring maintenance, partially offset by; . Fixed costs being spread over higher flying volumes 15 wet leased aircraft utilised in summer 22 only left the fleet at the end of October • Zero wet leased aircraft in the fleet for H2 23 • Reduced disruption cost, partially offset by; Overheads & other income 8.60 (0.91) (12)% (2)% Increased disruption event count due to benign prior year due to low flying volumes & current H1 23 seeing adverse weather and industrial action, partially offset by a provision true up Fixed costs being spread over higher flying volumes • • Increased royalty payments as revenue increases General inflation & investment in cyber security and merchandising technology 0.52 Depreciation & amortisation 8.48 0.63 7% 1% Financing • See slide 29 . Financing costs being spread over higher flying volumes 0.89 44% 2% Financing costs being spread over higher flying volumes Increased interest rates where easyJet is a net benefiter • Increased interest rates where easyJet is a net benefiter, partially offset by; Impact of 6 SLB transactions completed in H1'23 Headline CPS ex fuel 57.15 (2.70) (5)% (5)% Average sector length +5% Average sector length expected to be flat in H2 YoY Fuel 20.43 (6.60) (55)% Increased fuel prices, alongside the weaking of GBP against USD Increased fuel prices, alongside the weaking of GBP against USD Headline CPS 77.58 (9.30) (14)% 1) Favourable/(adverse) 2) Variances weighted against Headline CPS ex fuel variance HY 2023 RESULTS 30

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