Finnair Oyj · OMXHEX:FIA1S
Finnair Oyj — Investor Presentation (March 2026)
15 slides from Finnair Oyj's investor presentation, Mar 23, 2026
Slide 1: Finnair Fleet Renewal Update
Finnair Fleet Renewal Update 23 March 2026
Slide 2: Proceeding with the renewal of our narrowbody fleet
Today, we announced that we are proceeding with the renewal of our narrowbody fleet and have signed a purchase agreement with Embraer on 18 firm orders for E195-E2 aircraft, with additional 16 options, and 12 purchase rights. In addition, we plan to acquire up to twelve Airbus A320/321ceos from the
Slide 3: An optimal solution for our profitability and growth
An optimal solution for our profitability and growth • The Embraer E195-E2s will be operated by Norra, replacing leased capacity and older aircraft • Decisions on the potential use of options and purchase rights of E2 will be made at a later stage • The A320/321ceos would be replacing our retiring A
Slide 4: Strategy priorities and enablers
PURPOSE With our heart in Finland, we make every journey better, today and tomorrow. Modern Loyalty retailing beyond travel PRIORITIES CORE CUSTOMERS SAFETY Consistent and A network efficient journeys to serve our core customers ENABLERS One Crew Our Finnish brand Strategic collaboration Driving ESG
Slide 5: This investment fuels
This investments fuels: A stronger regional network for our core customers Profitability and competitiveness Upgrading the customer experience in the Embraer fleet operated by Norra Our climate targets 5
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Slide 7: Matching our network needs
Network Matching our network needs • We intend to capture growth in our key markets (+4% CAGR) • We continue to build a strong regional network to serve our core customers • We will open new, attractive routes in a profitable manner • Additional frequencies to our current destinations • A strong reg
Slide 8: Next generation customer experience in E2s
Customer experience Next generation customer experience in E2s • 134 seats in 2+2 configuration; seat pitch 29- 30 inches • Reclining for additional comfort • High-power USB-C charging in each seat • High-speed internet connectivity • Three lavatories for minimal queuing time • Cabin design in line
Slide 9: Fuel efficiency of new aircraft supports our climate targets
CO2 reductions Fuel efficiency of new aircraft supports our climate targets • The E2 is powered by PW1900G engines from Pratt & Whitney • Over 30% reduction in CO2 emissions per seat vs. current generation (E190-E1) • Quiet: noise level comfortably within the latest ICAO Chapter 4 noise level standa
Slide 10: Finnair's 2026–2029 financial targets
Finnair’s 2026–2029 financial targets Ambitious EBIT margin target underpinned by capital-light profitability improvements Growing in line with core market demand +4% 6–8% 2.0–2.5Bn€ 1–2x Min 20% 1/3 of EPS Demand Comparable Investments Net debt to Cash to sales ratio1,3 Maintain (passenger) EBIT ma
Slide 11: One of the largest investments in Finnair's history
One of the largest investments in Finnair’s history Finnair fleet on 31 December 2025 Newly announced additions # of aircraft (avg. age) Aircraft type Airbus A330 (16y) Embraer 195-E2 Wide-body 8 18 26 Airbus A350 (8y) Number of aircraft Last A350 expected in Q4 2026; two of the A330 aircraft are te
Slide 12: Restoring the health of our balance sheet
We have prepared for this investment by restoring the health of our balance sheet Net debt* / Comp. EBITDA Covid-19 Record high comparable EBIT in Q4 2025 7.1x 1.7x 2.2x 2.0x 1.8x Strong balance sheet, successful financing transactions -5.5x -10.3x Russian airspace Net debt to EBITDA and cash to sal
Slide 13: Well positioned to finance this long-term investment
We are well positioned to finance this long- term investment A proven track record of profitability… …and ability to generate operating cash flow Comparable EBIT, M€ Comparable EBIT %* Cash flow from operating activities, M€ Covid-19 Russian Covid-19 Russian airspace 163 184 200 Airspace 151 128 clo
Slide 14: Firm E2 deliveries scheduled to commence in Q3 2027
Firm E2 deliveries scheduled to commence in Q3 2027 December 2026 2028 2030 Final A350 delivery Six E2 deliveries Three E2 deliveries March 2026 Q3–Q4 2027 2029 Signing of the Three E2 deliveries Six E2 deliveries purchase agreement 15
Slide 15: FINNFAITF
FINNFAITF