Allegiant Travel Company · NASDAQ:ALGT

Allegiant Travel — Corporate Update (August 2017)

25 slides from Allegiant Travel's corporate update, Aug 29, 2017

1. Slide 1: Sunseeker Resorts by Allegiant

   1 1 Sunseeker Resorts by Allegiant

2. Slide 2: Forward-looking statements

   2 2 This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively or separately, the "Company“) will contain forward-looking statements that are only predictions and involve risks and uncertainties. Forward-looking s

3. Slide 3: Introduction

   3 3 Introduction  Why a resort?  Why Port Charlotte?  The resort plan  Future opportunities

4. Slide 4: Why a Resort?

   4 4 Why a Resort?  Create and establish leisure brand  Part of the customer experience not the transaction  Integrate more of the travel experience  Build more touch points for interaction with customer  Participate in beyond airline revenue

5. Slide 5: Charlotte County Stats  Charlotte County • 3rd fastest growth rate in the state(1)

   5 5 Charlotte County Stats  Charlotte County • 3rd fastest growth rate in the state(1) • 8th fastest growth nationwide(1)  Port Charlotte - 3rd best vacation home market(2)  Constructed large parcel  Ability to build resort community Population Growth % 2017-2022 Allegiant Airport (14.2) to (1.2

6. Slide 6: Allegiant PGD Destination Customer  19% YOY itinerary increase - 560K pax  Avg.

   6 6 Allegiant PGD Destination Customer  19% YOY itinerary increase - 560K pax  Avg. itineraries/year per passenger up 5.1% since 2014  4.6% of customers flown to PGD 8+ times  6th longest avg. stay Allegiant destinations  Data represents TTM through Jul-17

7. Slide 7: Geocode Data  Map reflective of location of passenger at flight check-in(1)  Customers

   7 7 Geocode Data  Map reflective of location of passenger at flight check-in(1)  Customers traveling from Sarasota to Naples  Data - August 2017 PGD (1) - Data based on users of the Allegiant App for check-in

8. Slide 8: Charlotte and Lee County (Ft Myers) Rooms vs Traffic - % 10% 15% 20%

   8 8 Charlotte and Lee County (Ft Myers) Rooms vs Traffic - 5% 10% 15% 20% 25% 30% 35% 40% 2010 2011 2012 2013 2014 2015 2016 2017 % o f Ch a n g e S in c e 2 0 0 9 Charlotte and Lee County Hotel Rooms Seats to RSW (Ft Myers) + PGD

9. Slide 9: Sunseeker Resorts Property Map  Site on US-41 Tamiami • Daily traffic approx. 30,000(1)

   9 9 Sunseeker Resorts Property Map  Site on US-41 Tamiami • Daily traffic approx. 30,000(1) • Future traffic expected to reach 41,000+ by 2035(1)  Site to include (current plan): • Hotel Tower – 75 rooms - provisions for future expansion • 7-8 Condo Towers – 700+ units • Marina • 10+ Restaurant/Ba

10. Slide 10: Port Charlotte Project Plan  Construct approximately 22 acre master planned resort • Phased

    10 10 Port Charlotte Project Plan  Construct approximately 22 acre master planned resort • Phased build - 7-8 condo towers/pool – HOA owners • Sunseeker/Allegiant property  75 room hotel Convention/meeting area  10+ retail/eating sites Shopping/Doctor support • Sunseeker will manage construction

11. Slide 11: Resort Operation Plan  Allegiant will own and operate the following: • Hotel •

    11 11 Resort Operation Plan  Allegiant will own and operate the following: • Hotel • All restaurants and bars • Retail, grocery, and other commercial spaces leased to third party operators  Resident/HOA will own: • Condo units • Pool and related grounds  Property – master planned: • Include tower

12. Slide 12: Current Status - Plan  Assembled Land – own 22+/- acres – water front

    12 12 Current Status - Plan  Assembled Land – own 22+/- acres – water front property  Land zoned for commercial/residential use – up to 9 stories  City/County supportive  Utilizing John R’s contacts/experience • Started design - See pictures – Steelman Partners – world class • Begun adding staff

13. Slide 13: allegiant

    14 allegiant

14. Slide 14: State of Market - Sales  Condo Market – west coast of Florida •

    14 14 State of Market - Sales  Condo Market – west coast of Florida • 1,000+ active listings Sarasota to Naples - $600K-$6M(1) • 89% built before 2011 • 62% on the market for 6 months or more • 1,000+ sold in past year - $600K-$6M(1)  Have solicited interest in condo units – used Allegiant Air dat

15. Slide 15: hall allegiant

    ae hall 45 allegiant

16. Slide 16: Resort Project Timeline  Approval process (1Q-2Q18)  Ground breaking (2Q-3Q18)  Move-in ready

    16 16 Resort Project Timeline  Approval process (1Q-2Q18)  Ground breaking (2Q-3Q18)  Move-in ready date (4Q19-1Q20)  Hotel opening (4Q19-1Q20)

17. Slide 17: Brand Strategy  Allegiant has the rights to the following Sunseeker brands: • Resorts

    17 17 Brand Strategy  Allegiant has the rights to the following Sunseeker brands: • Resorts • Hotels • Residences • Management  Plan to trademark food and beverage concepts  Resort adds additional brands to Allegiant portfolio  Opportunities for future franchising/licensing with both Sunseeker a

18. Slide 18: Sunseeker Synergies  Allegiant Mastercard/Loyalty Program • Exposure • Sign-ups • Redemption on all

    18 18 Sunseeker Synergies  Allegiant Mastercard/Loyalty Program • Exposure • Sign-ups • Redemption on all elements of project  Selling hotel rooms • Use Allegiant Air data base – 7M+ • 120 US Cities – strong presence in Florida origination cities – e.g. upper Midwest • Enhanced package with Air/ca

19. Slide 19: Management Contracts  Successful implementation will allow for hotel management contracts  There are

    19 19 Management Contracts  Successful implementation will allow for hotel management contracts  There are 500+ managed hotels in Florida outside of Orlando  Target $150K-$1M per year management contracts – 20-200 room hotels  Need to be in Allegiant Air’s eco-sphere – no sales of independent ho

20. Slide 20: Benefits of Allegiant as a Management Company  Airline  Closed distribution  Branded

    20 20 Benefits of Allegiant as a Management Company  Airline  Closed distribution  Branded credit card acceptance/point redemption  Software solutions  Brand exposure in source markets and inflight  Branded restaurants • Registered/trademarked brands • Provide brand, concept, design/build over

21. Slide 21: SUNSEEKER fa

    SUNSEEKER fa RESORTS

22. Slide 22: allegiant Appendix

    allegiant Appendix

23. Slide 23: Resort Revenue Sources  Sale of condo units  Hotel rooms  Management fee

    23 23 Resort Revenue Sources  Sale of condo units  Hotel rooms  Management fee from renting out owners’ condos as whole units or subdivided suites and rooms  Restaurant/bar revenue  Banquet revenue  Commercial space rental • Grocery, hair salons, medical, etc.  Marina slip rentals  Bikes, pa

24. Slide 24: Focus on airline operations  Current management will maintain airline focus  Allegiant brand

    24 24 Focus on airline operations  Current management will maintain airline focus  Allegiant brand critical to success of Sunseeker Resort  Will add world class hotel management team  Improve airline performance - focus of Exec Mgmt and teams  Substantial operational performance improvement - J

25. Slide 25: Drastic reduction in June / July / August Cancellations Category Aug 2017 Aug 2016

    25 25 Drastic reduction in June / July / August Cancellations Category Aug 2017 Aug 2016 % Change July 2017 July 2016 % Change June 2017 June 2016 % Change Scheduled Departures 6,146 5,917 4% 9,157 8,664 6% 9,128 8,181 12% Actual Departures 6,121 5,769 6% 8,989 8,328 8% 8,865 7,905 12% Cancellations

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