Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — FY2026 Earnings Presentation
46 slides from Flight Centre Travel's earnings presentation, Aug 26, 2026
Slide 1: FY26 Full-year Results Presentation
FY26 Full-year Results Presentation August 26, 2026 FLIGHT CENTRE TRAVEL GROUP
Slide 2: Agenda
Agenda 01 FY26 Overview & Strategic Initiatives 02 Financial Performance 03 Corporate 04 Leisure 05 FY27 Outlook 06 Supplementary Information FLIGHT CENTRE TRAVEL GROUP FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 2
Slide 3: FY26 Overview & Strategic Initiatives
01 FY26 Overview & Strategic Initiatives Adam Campbell CFO FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 3
Slide 4: FY26 Financial Highlights
01 FY26 Overview & Strategic Initiatives FY26 Financial Highlights x Record TTV – YOY growth in both leisure and corporate Growth across most profit metrics - EBITDA and NPAT at TTV Revenue highest levels since pre-COVID - but UPBT down slightly up 5% to up 3% to Solid underlying after tracking
Slide 5: FLT's Business Model
01 FY26 Overview & Strategic Initiatives FLT’s Business Model Complex Travel Intermediary Complementary Brands Scalable Central Services Navigates complexity beyond simple self- Multiple brands span leisure, corporate and A shared global business services platform service bookings, where expertise a
Slide 6: Our Purpose: To open up the world for those who want to see
01 FY26 Overview & Strategic Initiatives Our Purpose: To open up the world for those who want to see For Our Customers For Our People For Our Suppliers Expert-led, end-to-end travel that turns A career that crosses brands, borders and Access to the industry's highest-margin complexity into confidenc
Slide 7: Future Fit: Building a defensible moat across the value chain
01 FY26 Overview & Strategic Initiatives Future Fit: Building a defensible moat across the value chain Customer loyalty and Supplier relationships proprietary data Human expertise – ability to navigate through Brand equity and trust complexity Differentiated, proprietary travel and technology platfo
Slide 8: Overview of FY26 Strategic Initiatives
01 FY26 Overview & Strategic Initiatives Overview of FY26 Strategic Initiatives CORPORATE LEISURE GROUP Productive operations World360 Rewards TP Connects (airfare aggregation) • Helping drive material productivity uplifts globally, • Leisure loyalty program now in place and already • $25m per-year
Slide 9: Financial Performance
02 Financial Performance Adam Campbell CFO FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 9
Slide 10: Solid underlying performance masked by Q4 disruption
02 Financial Performance Solid underlying performance masked by Q4 disruption Momentum accelerating through Q3 - record Corporate and Leisure TTV in March ahead of Middle East impacts on Q4 Group uPBT Middle East war had a significant impact on the business, its quarter ($m) people and its customers
Slide 11: Group Performance Summary
02 Financial Performance Group Performance Summary Year ended 30 June AU $m FY26 FY25 Change • Solid TTV growth but overall result impacted by heightened Middle East TTV $25,676 $24,528 4.7% tensions during Q4, adverse FX movements (impacting translation of Revenue margin 11.1% 11.4% (30bps) oversea
Slide 12: FY26 Results: Divisional financial summary
FY26 Results: Divisional financial summary GROUP CORPORATE LEISURE GLOBAL HQ1 AU $m FY26 FY25 Change FY26 FY25 Change FY26 FY25 Change FY26 FY25 Change TTV 25,676 24,528 4.7% 12,674 12,318 2.9% 12,582 11,717 7.4% 420 492 (14.7%) Revenue 2,855 2,784 2.5% 1,175 1,138 3.3% 1,432 1,395 2.6% 248 251 (1.1
Slide 13: Disciplined capital management to create shareholder value
02 Financial Performance Disciplined capital management to create shareholder value Opportunistic on-market buy-backs Convertible Notes restructured Increased dividend payments contributing to 43% EPS growth and extended • $200m program fully executed April 2026 • $450m longer dated Convertible Note
Slide 14: Proactive Portfolio Management
02 Financial Performance Proactive Portfolio Management Organic expansion/ Divestitures Strategic acquisitions new initiatives • About $80m in cash generated from sale of • Targeting attractive, growth sectors: • World360 Rewards non-core assets: • Iglu (cruise) - contributed $497m in TTV, • MyTouri
Slide 15: Corporate
03 Corporate Chris Galanty CEO - Corporate FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 15
Slide 16: Corporate Results Snapshot
03 Corporate Corporate Results Snapshot CORPORATE 3% TTV growth to record $12.7b AU $m FY26 FY25 Change • New TTV milestone established despite significant headwinds including: TTV 12,674 12,318 2.9% • FX shifts –TTV increased 5% YOY in constant currency (circa 70% of TTV now generated outside Austr
Slide 17: Productive Operations Initiative: Delivering structural transformation
03 Corporate Productive Operations Initiative: Delivering structural transformation Foundations in place for future growth 20% productivity uplift division-wide – Delivering tangible and sustainable benefits TTV per sales consultant up more than 30% • 20% division-wide productivity uplift since end
Slide 18: Corporate Traveller: The growth story behind FLT's corporate success
03 Corporate Corporate Traveller: The growth story behind FLT's corporate success A unique offering with a proven track record, significant growth runway and highly productive model - currently generating TTV of $5b+ per year Customer Value Proposition Ongoing Organic Growth Highly Productive Model
Slide 19: Unlocking customer revenue through a seamless digital experience
03 Corporate Unlocking customer revenue through a seamless digital experience Consolidating three fragmented areas into one modern, seamless digital experience for customers Better 01 Greater usage means deeper data, which Travel Meetings Personalisation drives a better overall customer experience M
Slide 20: People & Platforms: Unlocking the next phase of growth
03 Corporate People & Platforms: Unlocking the next phase of growth Proprietary digital Melon and FCM Booking (FCMB) as our experience leading platforms Integrating AI via Sam (FCM) and Mel AI-Digital-People (Corporate Traveller), supporting our platforms and people Pilot in Corporate Traveller & ex
Slide 21: Leisure
04 Leisure James Kavanagh CEO - Leisure FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 21
Slide 22: Leisure Results Snapshot
04 Leisure Leisure Results Snapshot Healthy TTV growth, with UPBT reduced by Q4 geopolitical disruption - not a change in the underlying business. LEISURE 7.4% TTV growth to $12.6b AU $m FY26 FY25 Change • Solid YOY growth – on track to deliver record result after Q3 (above FY19 milestone of $13.1b)
Slide 23: Q4 Disruption: Trading ahead of prior year after Q3, then a geopolitical shock
04 Leisure Q4 Disruption: Trading ahead of prior year after Q3, then a geopolitical shock Cumulative Underlying PBT ($m) $177M FY25 (PY) 200 150 $200M+ FY26 ex-disruption 100 FY26 actual ~$139M (reported) 50 COST OF 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun ~$60M DISRUPTION FY26 trading, ex-
Slide 24: Three Big Moves
04 Leisure Three Big Moves One consistent framework driving disciplined value creation across the portfolio CORE ENGINE MARGIN + VOLUME ENGINES NEW ENGINE OF GROWTH 01 Grow the Core 02 Bet on Winners 03 Embed & Lift Loyalty Strengthen and modernise the Flight Centre Back high-growth segments with fu
Slide 25: Grow The Core
04 Leisure Grow The Core Flight Centre Brand Win more Win more More 01 customers 02 of the trip 03 productive experts Flight Centre at scale Fly → Stay → Cruise → Tour Omni + Rewards + AI #1 Retail travel brand in Australia 78% International TTV - complex trips Omni Seamless online store World360 3,
Slide 26: Bet on Winners
04 Leisure Bet on Winners Five disciplined bets: Margin engines and volume engines working together, each defensible and enduring Luxury Cruise, Tours, Packages Foreign Exchange Independent Agents Digital Commerce Mass Affluent to Ultra-high- Cruise Leadership Travel Money wholesale, Envoyage, Luxur
Slide 27: Embed & Lift Loyalty: World360 Rewards
04 Leisure Embed & Lift Loyalty: World360 Rewards Built to earn, redeem and grow across every customer journey, by unlocking FCTG ecosystem value THE PROGRAM THE EDGE THE RETURN 01 A points-based program 02 What sets it apart 03 What it gives FCTG #1 differentiator New engine of sustainable growth T
Slide 28: FY27 Outlook
05 FY27 Outlook Graham Turner Global Managing Director and CEO FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 28
Slide 29: FY27 Trading Update
05 FY27 Outlook FY27 Trading Update LEISURE MOMENTUM BUILDS EARLY SIGNS OF US AND UK CORPORATE RESULTS TO SKEW FY27 FINANCIAL FRAMEWORK INTO FY27 BOOKINGS REBOUND TO 2H • Return to healthy TTV and profit • US sales (ex-Australia) return to YOY • TTV trends consistent with Q4; comps • Statutory-to-un
Slide 30: Navigating Middle East Disruption: priorities
05 FY27 Outlook Navigating Middle East Disruption: 5 priorities Cost discipline – building on FY26 momentum; halting discretionary spend, 1 support role freeze, prioritisation of investment/capex Increasing market-share – heavy promotion of short to mid-haul international 2 travel and domestic itine
Slide 31: TTV growth drivers convert into disciplined profit growth
05 FY27 Outlook TTV growth drivers convert into disciplined profit growth TTV GROWTH DRIVERS Ongoing Market Growth Rapid Expansion in Key Sectors Expanding Addressable Markets 3.1% CAGR in global passenger traffic expected Leisure – Cruise, tours, FX, luxury New sectors: payments, oil & gas, SaaS, l
Slide 32: Q&A
Q&A FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 32
Slide 33: Contact details
Contact details Haydn Long Investor & Media Relations haydn_long@flightcentre.com +61 418 750 454 33 FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 33
Slide 34: Supplementary Information
06 Supplementary Information FLIGHT CENTRE TRAVEL GROUP FY2026 RESULTS 34
Slide 35: Profit Bridge
06 Supplementary Information Profit Bridge • The quantum of underlying profit adjustments is expected to FY26 FY25 Underlying profit adjustments decrease significantly during FY27 as a number of the $'000 $'000 transformation activities are complete or moving into BAU Statutory Profit Before Tax (PB
Slide 36: P&L
06 Supplementary Information P&L Solid TTV growth but overall result impacted by heightened Middle East tensions during Q4 – TTV growth tracking at +6.9% at end of Q3 – and FX translation $'m FY26 FY25 Mvmt Group TTV 25,676 24,528 1,149 9.6% underlying cost margin in FY26 – within reach of recor
Slide 37: Balance Sheet
06 Supplementary Information $'m June 2026 June 2025 Mvmt Balance Sheet Cash & cash equivalents Financial assets 825 – 816 – 9 – Trade & other receivables 1,325 910 415 Contract assets 358 296 62 Other current assets 247 151 97 Current assets 2,755 2,172 583 • Despite a difficult FY26, the company r
Slide 38: Cash Flow
06 Supplementary Information Cash Flow $'m FY26 FY25 Mvmt Operating activities Operating activities before interest and tax 349 205 144 Net interest paid (20) (10) (10) Net tax paid (51) (56) 5 Cash inflow from operating activities 278 139 139 • Improvement in cash flows from Operating Activities la
Slide 39: Performance Overview: Global HQ
06 Supplementary Information Performance Overview: Global Pillars - Underlying PBT HQ Head Office Costs FY26 (62.6) FY25 (62.4) Head office costs • Result flat with FY25 Net interest expense (13.3) 1.3 • Strong cost containment in a highly inflationary environment (particularly SaaS) Operating Busin
Slide 40: Segments: Geographic
06 Supplementary Information Segments: Geographic ANZ AMERICAS EMEA ASIA OTHER AU $m FY26 FY25 Change FY26 FY25 Change FY26 FY25 Change FY26 FY25 Change FY26 FY25 Change TTV 14,325 13,533 5.9% 4,877 4,854 0.5% 4,867 4,361 11.6% 1,311 1,444 (9.2%) 296 335 (11.9%) Revenue 1,494 1,465 2.0% 503 508 (1.1
Slide 41: 5-year Result Summary
06 Supplementary Information 5-year Result Summary $'m FY26 FY25 FY24 FY23 FY22 TTV $25,676 $24,528 $23,744 $21,939 $10,340 Revenue margin 11.1% 11.4% 11.4% 10.4% 9.7% EBITDA $431 $399 $423 $266 ($200) EBITDA (underlying) $466 $448 $478 $302 ($183) PBT $213 $213 $220 $70 ($378) PBT (underlying) $278
Slide 42: Our AI Vision: Infused throughout the agentic customer journey
06 Supplementary Information Our AI Vision: Infused throughout the agentic customer journey How AI will move with customers from first touch to in-trip support, powered by our Anthropic partnership DISCOVER & ENQUIRE PLAN & BOOK TRAVEL & SUPPORT Intelligent AI Website Instant Enquiry AI Insight for
Slide 43: The World's Longest Cruise
06 Supplementary Information Ignite Travel Group has created The World’s Longest Cruise with a world-first global charter onboard Oceania’s 348 cabin ship, Regatta Setting sail from Rome on 1 September 2026 with 24 custom-built sectors, Explorations by Norwegian will span over 201 unique ports,
Slide 44: Outbound Travel: A large and resilient sector
06 Supplementary Information Outbound Travel: A large and resilient sector Australian short-term resident departures (STRD) have increased year-on-year 42 times during the past 50 years despite economic challenges and geo-political tension Covid & post pandemic period 14000000 6 YOY decreases pre-Co
Slide 45: STRD downturns typically short-term & followed by healthy rebounds
06 Supplementary Information STRD downturns typically short-term & followed by healthy rebounds Example 1: 2003 STRD decline driven by SARS and Example 2: GFC impacted STRD late in 2008 and early in invasion of Iraq 2009; did not result in YOY STRD declines Strong rebound in STRD after 2003 downturn
Slide 46: Disclaimer and important notice
06 Supplementary Information Disclaimer and important notice This presentation contains summary information about comparable with other companies' information. assumptions and contingencies, many of which are outside Flight Centre Travel Group Limited and its controlled entities Management uses non-
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