Qu Quart rter er 3 In Inte teri rim m ma mana nageme ment - PowerPoint PPT Presentation

Qu Quart rter er 3 In Inte teri rim m ma mana nageme ment nt Sta tate teme ment nt 3 months to 30 th June 2012 25 th July 2012 1 1

Strong Q3 performance - in a difficult market Reve venue ue growth th in line e with expec pectatio tations ns • Constant currency RPS growth +4.7%; Reported RPS growth +2.8% • Strong performance in France and Switzerland • Load factors improved by 2.8 ppt to 89.1% • Capacity constraint across the market (flat capacity in easyJet’s markets) Strong ong basi sics cs • On time performance improved by 3 p.p. to 87% Strong ong cost t contro rol • Cost per seat excluding fuel up by 1% (constant currency), well within guidance of 2% for H2 despite rising airport costs. Cost per seat down by 3% (reported) • easyJet lean delivered significant successes in ground handling Full year r profi fit t growth th expecte pected • The continued strong operational and financial performance of the business combined with the fall in the price of jet fuel means that profit before tax for the year ending 30 September 2012 is anticipated to be in the range of £280 million to £300 million, at current fuel and exchange rates, assuming no significant disruption 2 2 Rates as at 11am 24 th July 2012: US$1.55/£, € 1.28/£ and US$972 per metric tonne

Rev even enue ue in line e with h guida dance nce Q3 ‘12 Q3 ‘11 Change Passengers (m) 16.0 14.4 10.9% Load factor (%) 89.1% 86.3% 2.8ppt Seats (m) 17.9 16.7 7.5% Sector length (km) 1,101 1,118 (1.5)% Total revenue (£m) 1,033 935 10.5% Total revenue per seat (£) 57.58 56.02 2.8% @ constant currency (£) 58.65 56.02 4.7% 3 3

Conti ntinue nued d good d rev evenu enue e pe performa ormance nce Q3 ‘12 Q3 ‘11 Change @ cc Seat revenue (£m) 1,016 918 10.7% 12.7% per seat (£) 56.62 54.97 3.0% 4.9% Non-seat revenue (£m) 17 17 (1.4)% 2.7% per seat (£) 0.96 1.05 (8.2)% (4.5)% RPS and capacity changes es Seats flown RPS 17.1% 14.6% 11.8% 9.2% 7.5% 7.3% 6.9% 5.2% 2.8% 0.2% Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Compet mpetitor 2.9% 3.2% 0.2% -0.2% 0.5% capa pacity chan ange ge 4 4

Succe ccessful ssful mobil ile e app pp la launch nch Mobile ile ap app intr troduced oduced in Dece cember mber 2011 011 • Mobile app downloads 2.1 million downloads to date 2.0 1.7 • £20 million revenue 1.4 1.1 • Now exceeding 2% of sales 0.9 0.6 0.3 First rst phase ase (iPh iPhone one & Andr droid) oid) Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12  Book a flight  Change a flight  Add ancillaries  Check flight status Futur ure devel elopmen opments ts • Mobile website for other platforms & users • Optimise functionality – e.g. adding a bag • Making travel easier – e.g. mobile boarding passes Source : market growth as per OAG 5 5

Al Allo loca cating ting capac pacity ity to im impr prove ove ret eturns rns Capaci city ty being ng allocat ated d to the routes es which will deliv liver er optim imal al retu turns rns and growth th France: • Capacity growth of 13%; increasing share • New regional bases in Nice & Toulouse performing well Switzerlan land: : • Capacity growth of 13% • RPS above average and improving Portuga gal • New base Lisbon opened • Weak legacy incumbent Northern rn Italy • Capacity growth of 6% • Growing share at Milan Malpensa Source : market growth as per OAG 6 6

Monitorin itoring g ret eturns rns at major or net etwork work po poin ints ts Relative attractive veness vs. . returns of major networ work k points Liv’pool ing ss ratin iveness Attractiv Madrid FY Y Returns s (Network touching)* Framework for evaluating network • Robust data led process for reviewing returns across network • Action taken to improve performance • Proposed closure of Madrid base • Reducing number of aircraft in Liverpool 7 7 * Chart reflects contribution per block hour of the major easyJet network points

Contri tribut butio ion n pe per air ircr craft aft aft for year to 31 st st March’12 Contrib ibutio ion n by aircraft (At request of easyGroup) Oldest Oldest Youngest Youngest Aircraft Aircraft Aircraft Aircraft A320 A319 Boein eing  Aircraft are deployed around network to maximise overall returns  Most aircraft earn average returns  A320 aircraft deliver better returns than the A319 Green = aircraft taken into service in year 8 8 Black = aircraft taken out of service in year (not necessarily returned)

Hed edgin ing upda pdate te Percentage of anticipated requirement Fuel US Dollar Euro hedged requirement requirement requirement 85% 79% 76% Three months ending 30 September 2012 € 1.15 Rate $982/MT $1.59 Full year ending 30 September 2012 79% 79% 77% € 1.14 Rate $964/MT $1.59 77% 71% 59% Full year ending 30 September 2013 € 1.15 Rate $985/MT $1.60 Sensitivi vities s for remaind inder r of the y year: • $10 per tonne movement in the price of Jet fuel will impact the full year pre-tax result by +/-$0.8 million • 1 cent movement in the £:$ will impact the full year pre-tax result by +/-£0.6 million • 1 euro cent movement will impact the full year pre-tax result by +/-£0.2 million 9 9

Forward ward booki kings ngs broadl adly y in line e with h last st yea ear 89% 86% 77% 77% 76% FY'11 FY'12 Q3 Jul Aug Sep H2 Strong ong demand nd in lat ate e mar arke ket % Seats sold as at 22 nd July 2012 10 10

Outlook look Capaci pacity ty (seat eats s flow own) n) • H2: +7% (if no significant disruption) • FY: +5% (if no significant disruption) Reve venu nue e per seat eat (consta nstant t currency ncy) • H2: low to mid single digits Cost t per sea eat t ex fuel el (consta nstant t currency) ncy) • H2: up 1% to 2% (assuming no significant disruption) “•The continued strong operational and financial performance of the business combined with the fall in the price of jet fuel means that profit before tax for the year ending 30 September 2012 is anticipated to be in the range of £280 million to £300 million, at current fuel and exchange rates, assuming no significant disruption.” 11 11 11 Rates as at 11am 24 th July 2012: US$1.55/£, € 1.28/£ and US$972 per metric tonne

Appendices

Cont ntinu nued ed robus ust t ope perat rationa ional pe perform orman ance ce On-time performance - arrivals within 15 minutes 1) 2011 2012 Strong on-time 88% 88% 87% 87% performance enables 85% 84% 84% 82% • efficient operation • enhances customer satisfaction Apr May June Q3 OTP - rolling 12 months flights stats.com 2) • Best in class on-time 87% 87% 85% performance 82% 79% 78% 77% 76% 76% 76% 2011 2012 KLM Lufthansa Air France British Airways easyJet Source: 13 13 1) Internal data 2) Flightstats . Com; RYA excluded as data missing from June ‘11 – Sept ‘11

Line e of flying ng: : assu sumpti mptions ons and d met ethodol hodology ogy • All revenue generated by Line of Flying (LOF) • Contribution is a defined measure within easyJet which recognises specific costs which are routed to LOF • All costs derived from routed costs by month and then back calculated across each flight in month for that route. Elements excluded are: o Fixed crew costs, Marketing, Ownership and other non operating costs, Other fixed costs. 408,00 000 0 lines of flying covering the p period April il 2011 to March 2012 14 14