Slide 1: Macquarie Connections
FLIGHT CENTRE LIMITED Macquarie Connections May 5, 2005
Slide 2: Third Quarter Result
rResult. is Third Quarte + $29.6 million profit before tax — similar to 2003/04 + Strong sales globally — TTV up 15.2% « Launch of Full Throttle — Targeting $60 million profit increase from Full Throttle initiatives alone by end of 2007/08 « Expansion of FCm Travel Solutions — corporate travel manag
Slide 3: Financial Performance
ancial Performance 3 months 3 months Growth to to 31 Mar 2005 31 Mar 2004 % TIv $1.7 $1.5b if 15% Revenue $229m $203m 13% Profit - before Tax & Goodwill $32.1m $32.7m ~L (2%) - before Tax $29.6m $30.2m % (2%) ~ after Tax $19.4m $20.8m © (7%) EPS 20.6¢ 22.1¢ % (7%) EPS before Goodwill 23.3¢ 24.8¢ 4&
Slide 4: TTV & Revenue Growth by Country
oo! & Revenue fe rowt TTV TTV TTV Revenue Revenue Revenue 6 months to Dec 04 Dec03 Growth Dec 04 Dec 03 Growth A$m A$m % A$m A$m % Australia 2,068 1,741 18% 255.5 221.2 15% NZ 291 260 12% 43.8 40.0 10% South Africa 170 138 24% 17.2 14.5 19% FC UK 241 196 23% 37.7 29.6 27% Britannic 206 173 19% 24.7
Slide 5: Operational Highlights
ghts ~ Operational Highli * Sales increases in all countries * Continued profit growth in Australian retail and corporate businesses ¢ Return to profit growth in NZ during third quarter « Continued expansion of FCm Travel Solutions « Upstaffing — 15.8% increase in selling staff over past year *« Dev
Slide 6: Year to Date Results
_ Year to Date Results * TTV of $5billion — up 18% * Revenue of $650million — up 15% « EBITDA of $103.4million — down 2% ¢ Profit before tax of $76.1million — down 7% - Profit after tax of $49.9million — down 9% * Basic EPS before goodwill of 61.1cents — down 8% LIMITED 6
Slide 7: Full Year Outlook
_ Full Year Outlook « Ready for peak trading period (fourth quarter) — upstaffing in shops and new web facilities in place * Ongoing cost reduction — organisational redesign and focus on discretionary spending - Given favourable trading conditions during fourth quarter, full year profit result in li
Slide 8: Focus on Costs
Focus on Costs * 2004/05 results affected by increased costs — Future project costs fully expensed — Costs associated with organisational change in Australia and New Zealand — $6.7million increase in depreciation and amortisation expenses year to date * Comprehensive cost reviews underway & action i
Slide 9: FLIGHT
FLIGHT CENTRE LIMITED