LATAM Airlines Group SA · BCS:LTM
LATAM Airlines Group SA — Corporate Update (August 2025)
22 slides from LATAM Airlines Group SA's corporate update, August 2025
Slide 1: Corporate Update August 2025
Corporate Update August 2025
Slide 2: Disclaimer
Disclaimer Neither the United States Securities and Exchange Commission (“SEC”) nor the Chilean Comisión para el Mercado Financiero (the “CMF”) nor any securities commission of any other U.S. or non-U.S. jurisdiction has reviewed, approved or disapproved of this Presentation, or determined that this
Slide 3: Leading airline group in South America and the world driven by its three core businesses
Leading airline group in South America and the world driven by its three core businesses Best-in-class product and Most comprehensive cargo Growing base of premium service network in the region travelers • #1 clear market share leader within • Largest air cargo carrier group in • 51mm+ members South
Slide 4: LATAM group's performance is propelled by its unique global passenger network
LATAM group’s performance is propelled by its unique global passenger network 153 Destinations (+9 cargo only) 8 27 13 Europe Countries (+5 cargo only) North/ Central America Passenger agreements with 57 airlines: Commercial agreements with 55 airlines 128 Lima South Codeshare agreements with 30 air
Slide 5: LATAM group sustains growth and profitability, alongside refinancing and shareholder return
LATAM group sustains growth and profitability, alongside refinancing execution and shareholder return initiatives LTM 2Q-25 Key Stats Total Revenue Passengers Transported Operational and service excellence US$13.4bn 84.2 million +5.6% YoY Growth Strong cash generation and healthy Adj. EBITDAR Adj. P
Slide 6: LATAM group updated its guidance for the full year 2025
LATAM group updated its guidance for the full year 2025 Indicator Guidance 2025E 2025E Updated (April 28th) (July 28th) Operating Indicators Total ASK Growth vs 2024 7.5% - 9.5% 8.5% - 9.5% Domestic Brazil ASK Growth vs 2024 7.0% - 9.0% 9.5% - 10.5% Domestic Spanish Speaking Countries ASK Growth vs
Slide 7: LATAM group key differentiating factors
LATAM group key differentiating factors 1 The truly global leading carrier group in South America 2 Operating in high-growth markets with the tools to grow 3 Customer-centric focus through a unique and differentiated value proposition 4 Favorable cost structure vs global full-service carriers 5 Robu
Slide 8: Leading passenger airline group connecting South America and beyond
1 Leading passenger airline group connecting South America and beyond Today, almost one in every two passengers in South America flies with LATAM group Domestic Affiliates Market Shares1 (2Q 2025) International Capacity Shares2 (2Q 2025) 40% # 1 42% # 1 Airlines Brazil Within South America 64% # 1 &
Slide 9: Joint Venture Agreement
1 Joint Venture Agreement between LATAM and Delta • Access to more than 300 destinations between the US/Canada and South America. • First profit sharing agreement between North American and South American carriers. The JVA scope also encompasses the cargo affiliates LATAM Cargo Chile, LATAM Cargo Br
Slide 10: LATAM group is more important to the South American region than any other full service carrier
1 LATAM group is more important to the South American region than any other full service, global carrier in its home market 2Q 2025 Regional Capacity Share1 >2x ~4x 42% 20% 17% 10% 8% 2 3 4 (Intra-South America) (Intra-Middle East) (Intra-North America) (Intra-Europe) (Intra-Asia Pacific) (1) Source
Slide 11: Operating in an extensive and underpenetrated region with significant growth potential
2 Operating in an extensive and underpenetrated region with significant growth potential Trips per capita 20231 Underdeveloped and under- penetrated market South America 0.6 Geographic barriers and North America 2.5 limited connectivity across very long distances Passenger growth (CAGR 2025E – 2031E
Slide 12: LATAM group has secured an order book of more than 120 aircraft through 2030
2 LATAM group has secured an order book of more than 120 aircraft through 2030, supporting its future growth Current fleet composition1 Order book from 2025-2030 • All deliveries of new generation aircraft: supports up-gauging strategy through incorporation of larger, new generation, more fuel-effic
Slide 13: LATAM group's business model: diversified, agile and customer-centric
3 LATAM group’s business model: diversified, agile and customer-centric LTM Revenues by Business Unit Hub strategy and reallocation of assets Superior Product (% of LTM revenues as of 2Q 2025) • Expansive network with three main hubs Other; 1% for its international operations. • Ability to reallocat
Slide 14: LATAM continues to invest in product and customer experience improvements
3 LATAM continues to invest in product and customer experience improvements that elevate its premium travel experience Fleet Updates & Modernization Onboard Connectivity Wide-body fleet Narrow-body fleet Wide-body fleet retrofitted1 Since May, the new Business Class Suite has been in service Impleme
Slide 15: LATAM group's customer investments were recognized by passengers worldwide
3 LATAM group’s customer investments were recognized by passengers worldwide this quarter Customer satisfaction (NPS) / points Award-winning service quality Passenger operations LATAM was honored with 9 awards at Skytrax 2025, including Best Airline in South America (sixth consecutive year) and 56 B
Slide 16: LATAM has widened its cost advantage against main global competitors over time
4 LATAM has widened its cost advantage against main global competitors over time Adj. CASK ex-fuel vs Global Full Service Carriers1 (US$ cents) 2019 LTM 2Q-25 +63% +34% 7.6 6.1 4.5 4.7 0.3 0.5 4.2 4.2 LATAM GFSC LATAM GFSC Adj. Passenger CASK ex-fuel Adj. Cargo CASK ex-fuel (1) Corresponds to averag
Slide 17: Positive cash generation of US$111 million even after dividend payments and share repurchase
Positive cash generation of US$111 million even after dividend 5 payments and the first share repurchase execution Adj. Cash Flow 1H 2025 1,338 (595) 2,514 (151) (36) 556 2,069 1,958 (445) 111 Initial Cash Adj. Operating CapEx Net of Financial Interest Adj. Financial Cash Before Shareholder Ending C
Slide 18: LATAM's balance sheet remained strong and resilient
5 LATAM's balance sheet remained strong and resilient, reflecting consistent financial discipline Liquidity (US$ million) Adjusted Net Leverage (times) Liquidity Cash and equivalents RCF Financial Financial 2.1x 27.1% 27.2% Policy Range Policy Target 25% <2.0x 23.9% 3,644 21% 3,533 1.7x 2,814 1.6x 1
Slide 19: LATAM focus on capital allocation strategy and enhancing shareholder return
5 LATAM focus on capital allocation strategy and enhancing shareholder return within LATAM’s Financial Policy • Retrofit of the narrow-body and wide- • Profitable investments in growth. body fleet. Fund profitable growth • • Invest in new technology aircraft to enhance • Order book of 120+ new gener
Slide 20: LATAM has eliminated its high interest rate debt, significantly reducing its cost of financing
5 LATAM has eliminated its high interest rate debt, significantly reducing its cost of financing through lower interest payments Total Amount Original New Amount New Annual Instrument Annual (million) Coupon Instrument (million) Coupon Savings Savings Term Loan B US$1,081 ~15% 2024 Refinancing 2030
Slide 21: In summary, LATAM group is stronger than ever
In summary, LATAM group is stronger than ever 1. Large scale and competitiveness The leading airline group in South America and one of the largest globally, driven by its three core businesses and a diversified model. 2. Opportunities in the region South America is a region experiencing structural g
Slide 22: Corporate Update August 2025
Corporate Update August 2025
LATAM Airlines Group — Corporate Update (August 2025) on 6ix