Deutsche Lufthansa Ag · XETR:LHA

Deutsche Lufthansa — Lufthansa Group — German Corporate Conference 2023

10 slides from Deutsche Lufthansa's conference presentation, Jan 18, 2023

  1. Slide 1: Plenary Session, German Corporate Conference

    Plenary Session German Corporate Conference Frankfurt, January 18 2023 Remco Steenbergen, CFO, Lufthansa Group

  2. Slide 2: Lufthansa Group leaves crisis behind in 2022

    Lufthansa Group leaves crisis behind in 2022 Return to around EUR 1.5bn of operating profit Logistics and MRO generate record results Fast and steep operational ramp-up Cost inflation mitigated successfully Repayment of all stabilization measures Significant debt reduction Page 2

  3. Slide 3: Group returns to solid profit and generates strong free cash flow in 9M

    Group returns to solid profit and generates strong free cash flow in 9M (in EUR million) 9M ’22 9M ’21 Revenues 23,893 10,978 Operating expenses 24,593 13,685 Of which fuel 5,613 1,444 Of which staff 5,894 4,200 Of which depreciation 1,702 1,684 Adjusted EBITDA 2,636 60 Adjusted EBIT 934 -1,624 EBIT

  4. Slide 4: Balance sheet strengthened significantly: Net debt and pension liabilities down, liquidity and equity up

    Balance sheet strengthened significantly: Net debt and pension liabilities down, liquidity and equity up Net debt declines as a result of strong free cash flow Liquidity remains far above target corridor of EUR 6-8bn Net debt in EUR million Liquidity in EUR million +2.3bn -2.8bn Undrawn 9,023 11,783

  5. Slide 5: Strong demand drives steep recovery at passenger airlines in 2022

    Strong demand drives steep recovery at passenger airlines in 2022 Capacity (ASK) in % of 2019 levels, Yield vs. 2019 Adjusted EBIT (in EUR million) seat load factors 78% 74% 709 58% 86% 80% 23% -86 65% 10% -1,114 -3% Q1 ’22 Q2 ’22 Q3 ’22 Q1 ’22 Q2 ’22 Q3 ’22 Q1 ’22 Q2 ’22 Q3 ’22 ASK in % of PY SLF P

  6. Slide 6: Industry-wide supply limitations will support financial performance in the New Normal

    Industry-wide supply limitations will support financial performance in the New Normal I GROUNDING II RESTART III NEW NORMAL Ensuring solvency in the crisis Enabling the return of travel Competing on the next level SUPPLY Higher level of  Aircraft delivery delays / lack of spare parts consolidation

  7. Slide 7: Lufthansa Group has committed to significant reduction of emissions based on SBTi

    Lufthansa Group has committed to significant reduction of emissions based on Science Based Targets initiative (SBTi) Index LHG CO2 Emissions (not to scale) Major levers for CO2 Reduction: 110 Growth Fleet (SBTi relevance) Reduction  Fleet rollover 100 SBTi Sector Guidance  Sustainable Aviation Fue

  8. Slide 8: Portfolio management aims at maximizing the value of the Group and its businesses

    Portfolio management aims at maximizing the value of the Group and its businesses Core business Continued preparations Conclusion of sale for partial divestiture/ IPO agreement once full value can be realized Transaction targeted in the course of 2023 Page 8

  9. Slide 9: Strong performance in '22 will be the base for the achievement of '24 targets

    Strong performance in ‘22 will be the base for the achievement of ‘24 targets 2022 Forecast 2024 Targets Capacity (ASK) FY: c.75% of 2019 levels Adjusted EBIT margin: At least 8% Adjusted EBIT Around EUR 1.5bn Adjusted ROCE (excl. cash): At least 10% Adjusted free cash flow Above EUR 2bn Net CapEx c

  10. Slide 10: Q&A

    sata, LUFTHANSA GROUP Page 10

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