10-Year Airline and Business Jet Pilot Demand Outlook

CAPITAL ALLOCATION PRIORITIES Strong balance sheet 37 Millions $2,000 $1,800 $1,600 50% Optimal Net Debt-to-Capital (35-45%) 40% $1,400 $1,200 $1,000 30% $800 $600 20% $400 $200 $0 10% * * * FY11* FY12* FY13* FY14 FY15 FY16 FY17 FY18 *Not adjusted for IFRS11 impact Net Debt Net Debt-to-Capital CAE's strong financial position provides stability and flexibility to pursue accretive growth investments in our core CAE Inc. Proprietary Information and/or Confidential 3 CAE

View entire presentation