Tui Ag · XETR:TUI1

Tui — Shareholder Meeting (February 2023)

9 slides from Tui's shareholder meeting presentation, Feb 14, 2023

  1. Slide 1: TUI AGM 2023

    TUI AGM 2023 Mathias Kiep - CFO 1

  2. Slide 2: FY 2022 – Strong operational & financial recovery, especially due to business performance in Q4

    FY 2022 – Strong operational & financial recovery, especially due to business performance in Q4 €16.5bn €409m Revenue Underlying EBIT PY: €4.7bn PY: -€2.1bn €1.3bn €3.4bn Free cash flow Net debt PY: €0.1bn PY: €5.0bn 16.7 million guests 2

  3. Slide 3: FY 2022 - Profit & Loss Statement

    FY 2022 - Profit & Loss Statement Underlying EBIT Q4 2022 FY 2022 Profit and Loss Statement Q4 and FY 2022 Holiday €433m €505m in € m FY 22 Q4 GJ 22 12M experiences Revenue 7,614 16,545 Underlying EBIT 1,039 409 Adjustments 1) -62 -89 Markets & €612m -€45m EBIT 977 320 Airlines Net interest expense

  4. Slide 4: FY 2022 – Cash flow, debt ratios

    FY 2022 – Cash flow, debt ratios €1.7bn Repayment WSF: Operational €0.7bn Silent Cash flow Participation II and €0.1bn Warrant Bond €3.4bn Return KfW: Net debt Return of €0.9bn of unused facilities Remaining: WSF €0.5bn; KfW €2.1bn 4

  5. Slide 5: Positive business development also continues in Q1 FY 2023

    Positive business development also continues in Q1 FY 2023 S23 WEEKLY BOOKINGS (as % of S22)1) 3.3m €153m Customers in Q1 Underl. EBIT loss +46% vs. Q1 FY22 +44% vs. Q1 FY22 100 > 8m bookings for Almost all segments W22/23 and S23 with positive development vs. PY 06.11.2023 05.02.2023 5 1) Booking s

  6. Slide 6: Repayment Agreement with the Economic Stabilisation Fund ("WSF")

    Repayment Agreement with the Economic Stabilisation Fund ("WSF") • Repayment of Silent Participation I and the Bond with Warrants (€479m nominal) and substantial repayment of KfW RCF • Market price including 9.3% discount (max. 2 € / share) • No conversion of WSF into TUI shares until December 2023

  7. Slide 7: Agenda items 5 and 6

    Agenda items 5 and 6 ITEM 6 • Capital reduction / share consolidation 10:1 • Necessary flexibility – secure access to the capital market • No impact on economic value of shareholders • Existing authorisations to issue shares remain unchanged1) • Self-commitment of the Executive Board: Utilisation li

  8. Slide 8: Implementation of the capital increase

    Implementation of the capital increase Capital reduction / 1 2 Capital increase until the end of 2023 Share consolidation 10:1 Court registration & Announce- ment of Trading of Settlement AGM subsequent Capital subscrip- & Trading of 14 Feb 2023 addressing of Increases tion rights new shares share f

  9. Slide 9: Summary

    Summary • Enabling conditions for profitable growth • Strengthening the balance sheet • Replace used state aid with equity • Target: Leverage ratio well below 3x • Reduce cost of capital • Improve credit rating 9

TUI — Shareholder Meeting (February 2023) on 6ix