Analyst Briefing

2023 Interim Results

9 August 2023

Hosted by

Rebecca Sharpe, Chief Financial Officer

Lavinia Lau, Chief Customer and Commercial Officer

Confidential and Proprietary Information

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Disclaimer

This document has been prepared by Cathay Pacific Airways Limited ("the "Company", and together with its subsidiaries, the "Group") solely for information purposes and certain information has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the accuracy, fairness, completeness, reasonableness or correctness of the information or opinions presented herein or any verbal or written communication in connection with the contents contained herein. Neither the Company nor any of its affiliates, directors, officers, employees, agents, advisers or representatives shall have any responsibility or liability whatsoever, as a result of negligence, omission, error or otherwise, for any loss howsoever arising in relation to any information presented or contained in this document or otherwise arising in connection with this presentation. The information presented or contained in this document is subject to change without notice and shall only be considered current as of the date of this presentation.

This document may contain certain forward-looking statements that reflect the Company's beliefs, plans or expectations about the future or future events. These forwardlooking statements are based on a number of assumptions, current estimates and projections, and are therefore subject to inherent risks, uncertainties and other factors beyond the Company's control. The actual results or outcomes of events may differ materially and/or adversely due to a number of factors, including changes in the economies and industries in which the Group operates (in particular in Hong Kong and the Chinese Mainland), macro-economic and geopolitical uncertainties, changes in the competitive environment, foreign exchange rates, interest rates and commodity prices, and the Group's ability to identify and manage risks to which it is subject. Nothing contained in these forward-looking statements is, or shall be, relied upon as any assurance or representation as to the future or as a representation or warranty otherwise. Neither the Company nor its directors, officers, employees, agents, affiliates, advisers or representatives assume any responsibility to update these forwardlooking statements or to adapt them to future events or developments or to provide supplemental information in relation thereto or to correct any inaccuracies.

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Confidential and Proprietary Information

© Cathay Pacific Airways Limited and its subsidiaries

2

Agenda

Rebuilding Cathay

2023 interim results highlights

Business performance highlights

Outlook

Summary

Q&A

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3

Rebuilding Cathay

Confidential and Proprietary Information

© Cathay Pacific Airways Limited and its subsidiaries

Making progress on our rebuild journey

PEOPLE

FLEET*

CAPACITY

Training

Fleet size: 225

• Jun 2023 vs 2019

Recruitment

Parked overseas: 25

o Travel: 57% | Cargo: 72%

Remuneration

New deliveries: 6

Destinations: 74*

Lease returns: 3

>1,100 passenger flights

per week*

FINANCIAL

  • 1H 2023 profit HK$4.3bnvs 1H 2022 loss HK$5.0bn
  • HK$7.8 billion bridge loan facility expired on 8 June without the need to drawdown
  • HK$1.5 billion deferred preference shares dividends paid on 30 June
  • Announced plan to redeem HK$19.5bn preference shares by end July 2024

*As of / YTD 30 Jun 2023

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Disclaimer

Cathay Pacific Airways Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 10:46:35 UTC.