Getlink Se · EURONEXT:GET
Getlink — Investor Day (February 2026)
28 slides from Getlink's investor day presentation, Feb 26, 2026
Slide 1: High Speed Rail: A New Era of Growth
HIGH SPEED RAIL A NEW ERA OF GROWTH
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Getlink SE The information contained in this presentation pertains For a detailed description of these factors and (the “Group”) solely for use at its Investor Day on 26 to our markets and our competitive positions therein. uncertainties, please refe
Slide 3: Yann Leriche, CEO
YANN LERICHE CEO INVESTOR DAY 2026 3
Slide 4: Getlink 2025 Group Revenue
GETLINK 2025 GROUP REVENUE Optimising value creation in our core business and fully leveraging available capacity in the Tunnel Creating value added services to serve existing and new customers SHUTTLE OPERATED BY 2025 GROUP 2025 2025 REVENUE GROUP GROUP REVENUE REVENUE Developing synergies with RAI
Slide 5: A Change in Scale
+ 22M PAX A CHANGE IN SCALE 14 M +10 M * LONDON - PARIS LONDON - BRUSSELS 12 M PAX PAX PAX LONDON - AMSTERDAM OTHER 20 25 20 30 20 35+ INVESTOR DAY 2026 *Based on the aggregate new capacity announced by operators currently in contention 5
Slide 6: A New Era of Growth
A NEW ERA OF GROWTH 01 02 03 INVESTOR DAY 2026 6
Slide 7: A Deep and Proven Demand on Existing and New Markets
01 A DEEP AND PROVEN DEMAND ON EXISTING AND NEW MARKETS INVESTOR DAY 2026 7
Slide 8: High-Potential Growth Corridors
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM HIGH-POTENTIAL GROWTH CORRIDORS M PAX 2025 2035+ Rail expected LONDON to: Rail market size Air market size Share Rail/Air Rail market size Air market size Share Rail/Air growth Paris 7.6 2.3 77% 11.1 2.8 80% +3.5 Brussels 3.3 0.6 84% 4.6 0
Slide 9: Conservative Estimates: Traffic Increase After Competition Entry
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM ARE CONSERVATIVE Recent rail precedents across EU countries suggest a strong traffic increase on existing rail routes following competition entry +75% TRAFFIC INCREASE In Spain, 2 new rail entrants (Iryo, Ouigo) from 8M passengers 2019 pre
Slide 10: London Paris-Brussels: Full Demand Is Not Served
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM LONDON PARIS-BRUSSELS FULL DEMAND IS SERVICES MEANS NOT SERVED… DEMAND FULLY SERVED Capacity restrictions from Eurostar 15.7* fleet today 10.9 THE LACK OF Capacity restrictions at the stations TRAINS IS THE MAIN BLOCKER TO Discontinued Eur
Slide 11: London-Amsterdam: Fully Ready
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM LONDON AMSTERDAM FULLY READY 1 3 4 4 4 5 6 ROTATION/DAY ROTATION/DAY 3.0 2.0 1.0 1.0 1.0 1.0 0.8 0.9 0.7 0.6 0.5 0.3 2018 2019 2023 2024 2025 2026 2027+ IN M PASSENGERS CAPACITY TRAFFIC Opening of the London- New terminal at Amsterdam Cent
Slide 12: London-Germany: The First in Line
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM Amsterdam London Brussels Cologne Roissy Current scope CDG Germany Paris Frankfurt Travel time: 3h45 Travel time: 5h00 London-Amsterdam London-Cologne THE FIRST IN LINE Market Potential London-Frankfurt London-Geneva London-Zurich FOR Curr
Slide 13: London-Switzerland: A Compelling Opportunity
SIGNIFICANT CAPACITY A FULLY ALIGNED COMING ONLINE ECOSYSTEM Amsterdam London Brussels Roissy Current scope CDG Switzerland Paris Basel Travel time: 5h20 Zurich Geneva Travel time: 6h00 London-Amsterdam London-Cologne A COMPELLING Market Potential Current air market size: 4.6M London-Frankfurt Londo
Slide 14: Significant Capacity Coming Online
02 SIGNIFICANT CAPACITY COMING ONLINE INVESTOR DAY 2026 14
Slide 15: Eurostar: Stated Ambitions and Fleet Order
A DEEP AND A FULLY ALIGNED PROVEN DEMAND ECOSYSTEM EUROSTAR: A FLEET ORDER MILESTONES ACHIEVED EST. CAPACITY: SERVICE START: Train order signed: • 50 units cross-Channel & continental EU STATED AMBITIONS (30 firm + 20 option) PAX/YEAR for new fleet on existing and new destinations • Alstom Avelia Ho
Slide 16: Virgin: Stated Ambitions
A DEEP AND A FULLY ALIGNED PROVEN DEMAND ECOSYSTEM VIRGIN ALREADY ON THE PLATFORM, MILESTONES ACHIEVED EST. CAPACITY: SERVICE START: Funding partners identified STATED AMBITIONS PAX/YEAR Depot access to Temple Mills International granted by ORR (confirmed 20% residual capacity) PLANNED FLEET: DESTIN
Slide 17: Trenitalia: Stated Ambitions
A DEEP AND A FULLY ALIGNED PROVEN DEMAND ECOSYSTEM TRENITALIA MOVING AT PACE EST. CAPACITY: SERVICE START: PLANNED FLEET: MILESTONES ACHIEVED STATED AMBITIONS 10 units of Hitachi Frecciarossa (500 seats) Additional funding secured with Certares PAX/YEAR Framework order for fleet DESTINATIONS: Land f
Slide 18: Ecosystem Alignment
03 ECOSYSTEM ALIGNMENT INVESTOR DAY 2026 18
Slide 19: A Fully Aligned Public Ecosystem
A DEEP AND SIGNIFICANT CAPACITY PROVEN DEMAND COMING ONLINE A FULLY ALIGNED PUBLIC ECOSYSTEM A STRONG POLITICAL WILLINGNESS TO PUSH RAIL OVER AIR Implementation of policy measures to ban domestic flights that can be taken by train Increase in air travel costs (EU Fit for 55 and ReFuelEU POLITICAL PU
Slide 20: The Rail Ecosystem Switching
A DEEP AND SIGNIFICANT CAPACITY PROVEN DEMAND COMING ONLINE THE RAIL ECOSYSTEM SWITCHING All Infrastructure managers are moving in the same direction Coordinated Capacity Efficient cooperation through Financial incentives in place to support the launch Development process with quarterly CEO meetings
Slide 21: Train Stations Also Scaling Up
A DEEP AND SIGNIFICANT CAPACITY PROVEN DEMAND COMING ONLINE TRAIN STATIONS BOARDING LOUNGE ALSO SCALING UP CONTROLS START + capacity by 2029 LOUNGE ACCESS SNCF Gares & Connexions leading“Future Gare du Nord & Terminal Transmanche” project with planning application approved in October 2025 BOARDING N
Slide 22: Robert Sinclair, CEO London St Pancras Highspeed
ROBERT SINCLAIR CEO LONDON ST.PANCRAS HIGHSPEED INVESTOR DAY 2026 22
Slide 23: Traffic Growth Is Immense
TRAFFIC GROWTH IS IMMENSE LSPH PROPRIETARY STUDY CONCLUDES THAT LSPH TRAFFIC FORECASTS (UK-EUROPE RAIL MARKET) THE LONDON TO EUROPE RAIL MARKET CAN BASE CASE HIGH CASE IN M PASSENGERS 31 Increase by Almost 28 IN 2035 BY 2040 24 in our base case scenario in our high case scenario AND 23 18 16 Study c
Slide 24: A New LSPH Growth Incentive Scheme
TO FACILITATE NEW TRAFFIC A NEW LSPH GROWTH INCENTIVE SCHEME NEW SERVICES NEW DESTINATION NEW INTERMEDIATE NEW ROLLING MAXIMUM INCENTIVE INCENTIVE STATION INCENTIVE STOCK INCENTIVE INCENTIVE YEAR 1 30% 20% 10% 15% 50% YEAR 2 20% 15% 7.5% 10% 40% AND YEAR 3 10% 10% 5% 5% 30% CAPACITY CAN BE UNLOCKED
Slide 25: Yann Leriche, CEO
YANN LERICHE CEO INVESTOR DAY 2026 25
Slide 26: The Track Is Set…
THE TRACK IS SET… GROWTH FROM TO MILLION PASSENGERS INVESTOR DAY 2026 26
Slide 27: … To Serve Existing and New Destinations
TO MILLION GROWTHFROM PASSENGERS … TO SERVE EXISTING AND NEW DESTINATIONS INVESTOR DAY 2026 27
Slide 28: Investor Day 2026
INVESTOR DAY2026