Investor Presentaiton

+ Capex will be reduced to an average of €2.8bn per year and will support an ambitious fleet renewal AIRFRANCE KLM GROUP 38 AIRFRANCE KLM GROUP €3.3bn Net Capital expenditure €3.0bn €2.9bn D&A €2.5bn 2019 2022 2023 2024 Ground I Fleet and fleet related • Capex in line with yearly depreciation and amortization (D&A) which is at 2019 levels Reduced from initial €4bn (2019 Investor Day) 50% of operating lease for the coming years Reduction of operating lease cash out versus 2019 (1) Including the proceeds on disposal of property, plant, equipment and intangible assets 1 000

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