Investor Presentaiton

QANTAS INTERNATIONAL Reshaping our cost base through Qantas Transformation Case study: Utilisation INCREASED UTILISATION HAS CREATED ADDITIONAL FLYING OPPORTUNITIES – ADDITIONAL REVENUE AT REDUCED UNIT COST FY15 Utilisation¹ 1. Improved network efficiency Avg. Hours/Day % Change to FY122 QANTAS 13.9 14% Retimed MEL-DXB-LHR service - improved Europe connectivity Released one A380 to up-gauge non-stop DFW-SYD5 A380 QANTAS B747-400/400ER 12.7 19% 2. Launch of new services - Additional MEL and BNE6 to LAX7, retimed SYD-LAX7 on B747 Additional SCL8 services on B747 QANTAS 15.0 12% A330-3/2 Upgrade HNL to A330 and increased to 4 per week Launch SYD-HND and BNE-NRT10 service in August 2015 3. Seasonal flying 12.6 7% B737-800 SYD-YVR11 to cater for peak winter and summer demand PER-AKL¹² services during peak summer season SYD-HKG13 and SYD-PVG 14 up-gauge to support Chinese New Year demand Network³ 13.6 16% 1. Based on FY15 forecast block hours per aircraft per day. 2. FY15 forecast compared to FY12. 3. Includes B767. 4. Melbourne-Dubai-London Heathrow. 5. Dallas Fort Worth-Sydney. 6. Melbourne and Brisbane. 7. Los Angeles - Sydney. 8. Santiago. 9. Honolulu. 10. Sydney-Haneda and Brisbane-Narita. 11. Sydney-Vancouver. 12. Perth-Auckland. 13. Sydney-Hong Kong. 14. Sydney-Shanghai. 125

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