WESTJET Strategy Overview

71 Strong balance sheet Adjusted Net Debt/EBITDAR1,2 1.36 1.29 1.22 2013 2014 1 Non-GAAP measure 2 Trailing 12 months earnings before interest, taxes, depreciation, and aircraft rent and other items (EBITDAR) TSE: WJA 1.93 1.84 2015 2016 2017 YTD

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