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François Collet Vice President Structured Finance Bertrand Guedez Structured Finance Manager Investing in, operating, leasing and trading Airbus aircraft Seoul, 20 th March 2019

Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

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Page 1: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

François Collet Vice President Structured FinanceBertrand Guedez Structured Finance Manager

Investing in, operating, leasingand trading Airbus aircraft

Seoul, 20th March 2019

Page 2: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Safe Harbour Statement

DisclaimerIn addition to historical information, this presentation can include forward-looking statements. Words such as “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans”, “projects”, “may” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements made about strategy, ramp-up and delivery schedules, introduction of new products and services and market expectations, as well as statements regarding future performance and outlook.By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include but are not limited to:Changes in general economic, political or market conditions, including the cyclical nature of some of Airbus’ businesses;Significant disruptions in air travel (including as a result of terrorist attacks);Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar;The successful execution of internal performance plans, including cost reduction and productivity efforts;Product performance risks, as well as programme development and management risks;Customer, supplier and subcontractor performance or contract negotiations, including financing issues;Competition and consolidation in the aerospace and defense industry;Significant collective bargaining labour disputes;The outcome of political and legal processes including the availability of government financing for certain programmes and the size of defense and space procurement budgets;Research and development costs in connection with new products;Legal, financial and governmental risks related to international transactions;Legal and investigatory proceedings and other economic, political and technological risks and uncertainties.As a result, Airbus SE’s actual results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.For a discussion of factors that could cause future results to differ from such forward-looking statements, see the most recent Airbus SE Registration Document, including the Risk Factors section.Any forward-looking statement contained in this presentation speaks as of the date it is made. Airbus SE undertakes no obligation to publicly revise or update any forward-looking statements in light of new information, future events or otherwise.

RoundingDue to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

2

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Manufacturer Support & Sell Down

Aviation Market & Financing Trends

Product Update

3

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Aircraft Financiers

Harald WilhelmChief Financial Officer

Jean-Baptiste PonsHead of Integrated Treasury

Airbus Customers

Financing & Guarantees Team

Airbus Financing & Guarantees Team: Our Role

Leveraging on market knowledge and relationships in order to connect financiers and customers

4

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Investors reach out to bring new liquidity into Aviation

InsuranceCompanies

Pension Funds

Asset Managers

Airlines

ConsumerBase

Demand for Air Travel

ContributionSavingsPremium

PensionReturn

Coverage

InvestmentFixed Income

product

InvestmentReturn

Demand forair travel

Airline revenue

Sovereign Funds

Hedge Funds

5

Page 6: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Airbus support to aircraft financing

Continued innovation to best support Airbus customers in aircraft financing

6

Junior Debt Fund - Tamweel Aviation Finance (TAF)

BANK

2014 - 2018 4 years of operationsTeaming up with banks, lessors and institutional investors to support aircraft financing for our customers;

Captive Bank – Providing independent financing solutions to the aviation industry

TAF I - From 2012 to 2018 (fund closed)

TAF II - From 2018

More investors expectedto join TAF II as Limited Partners.

Lots of interest from Asia.

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Airbus support to aircraft financing

BALTHAZAR

Airbus

Airline

Financiers

Asset Manager

Broker

LawFirms

• Coverage: Aircraft Finance Non Payment Insurance

• Insured: Aircraft Funders (e.g. Debt, Private Placement)

• Risk: Airline default

• Level of risk insured: 100% of loan exposure

• Term: up to 12 years fully amortising

• Advance rate: Up to 85% LTV, similar advance rates to ECA financing

• Transaction Structure: Benchmark to standard SPC loan/finance lease structure & documentation as per LMA standard

• All-in cost: insurance premium + bank margin + fees

• Validity: Ability to offer indicative coverage up to 18 months before delivery

Private Insurance Cover for Aviation Backed Finance

Balthazar: Private Insurance Cover

7

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• An Export Credit Agency (ECA), is a private or quasi-governmental institution that act as an intermediary between national governments and exporters to issue export financing

• The primary role of the ECAs is to support exports on behalf of governments:

• All ECAs are governed by the same rules: Aircraft Sector Understanding (ASU)

Export Credit Agency (ECA) Financing Overview

ECAs support exports on behalf of governments

Europe: Guarantees against airline credit risk

Canada:Direct lending to airlines

ECA Financing

8

6 Airbus aircraft supported by the ECAs in 2018

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At least, 12 months before the first delivery

Applying to ECA financing

9

Applying to ECA financing: new process and timeline

ECA financing introduction

ECA assessment

Documentation (airline, bank, ECAs) Closing

Delivery

12 months at least

Customer requestfor ECA financing

Airbus facilitates the coordination with ECA government bodiesAssist in the interface with banking community

Airbuspre-application

process

Airbus application

ECA commitment

AirbusInternal Compliance

process

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Manufacturer Support & Sell Down

Aviation Market & Financing Trends

Product Update

10

Page 11: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

0.0

5.0

10.0

15.0

20.0

25.0

1977 1982 1987 1992 1997 2002 2007 2012 2017 2022 2027 2032 2037

Airbus GMF: Traffic forecast

Traffic has proven to be resilient to external shocks and doubles every 15 years

Source:ICAO, Airbus GMF 2018

Airbus Global Market Forecast

x2

9/11Oil Crisis

Gulf Crisis

Asian Crisis SARS

Financial Crisis

Airbus GMF 2018: 4.4% growth p.a.

x2

x2

11

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12

2.5% 2.7% 2.7% 2.5% 3.2% 3.2% 3.1%

5.8% 6.3% 6.9% 7.5% 8.0%6.5% 6.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

79.9% 79.8%80.4% 80.5%

81.5% 81.9% 82.1%

75.0%

80.0%

85.0%

124.5 114.8

66.752.1

66.787.6 81.3

0.0

30.0

60.0

90.0

120.0

150.0

10.7 13.8

36.0 34.2 37.732.3 35.5

0.0

10.0

20.0

30.0

40.0

50.0

2013 2014 2015 2016 2017 2018estimate

2019forecast

Industry review and outlook

Review and outlook of industry key drivers

GDP and RPK growth

Passenger load factor

Fuel price

Airline net result

y-o-y %

USD / barrel

USD bn.

Source:IATAAirline Industry Economic PerformanceDecember 2018 update

RPK

GDP 2019 figures:(forecast)

6% traffic growth

82.1% load factor

~ 81.3 $/b. fuel price

Page 13: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

-5.6 -4.1

5.0

14.7

-26.1

-4.6

17.3

8.3 9.2 10.713.8

36.0 34.237.7

32.3

35.5

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

-10.0

-8.0

-6.0

-4.0

-2.0

-

2.0

4.0

6.0

8.0

10.0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Net Profit (USD bn.)% Margin

Evolution of airline net results and margins since 2004

Airline profitability consolidating in positive territory

Airline profitability

Net result(USD bn.)

EBIT margin(%)

13

estimate forecast

Source:IATAAirline Industry Economic PerformanceDecember 2018 update

Page 14: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

20-year demand for 37,400 new aircraft worth 5.8 trillion2018-2037 new deliveries

1,760 (5%) $0.6 tn (10%)

$1.4 tn (25%)5,480 (15%)

$3.2 tn (54%)

$0.6 tn (11%)

SML

XL

Notes: Passenger aircraft (≥ 100 seats) | Jet freight aircraft (>10 tons)Source: Airbus GMF 2018

37,400aircraft units

$5.8 trillionaircraft value

≤ 230 Seats S 28,550 (76%)

1,590 (4%)

≤ 300 Seats M≤ 350 Seats L≥ 350 Seats XL

14

Page 15: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Asia-Pacific lead in world traffic will increase further by 2037RPK traffic by airline domicile (trillions)

15

0 2 4 6 8

Africa

CIS

Latin America

Middle East

North America

Europe

Asia/Pacific

Trillions

% of 2017world RPK

30.9%

26.6%

21.8%

9.1%

5.2%

3.8%

2.6%

20-year world annual traffic growth

4.4%

20-year growth

5.6%

3.4%

2.5%

6.0%

4.6%

4.0%

5.1%

% of 2037world RPK

38.5%

22.1%

15.2%

12.3%

5.4%

3.5%

3.0%

2017 traffic 2018-2037 additional traffic

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Airbus GMF – Fleet forecast:Demand for new passenger aircraft per region

20-year demand for more than 36,000 new passenger aircraft

Airbus Global Market Forecast

North AmericaS 5,070M, L, XL 900Total 5,970

Europe & CISS 6,510M, L, XL 1,780Total 8,290

Asia – PacificS 12,490M, L, XL 3,150Total 15,640

Africa & M.E.S 2,060M, L, XL 1,900Total 3,960

Latin AmericaS 2,430M, L, XL 280Total 2,710

Total2018 – 2037 demand for new passenger aircraft

S 28,550M, L, XL 8,010Total 36,560

Note:Passenger aircraft (≥100 seats)Rounded figures to the nearest 10Circle diameter proportional to% share on total demand

Source:Airbus GMF 2018

S

M, L, XL

43%

16

Page 17: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Stable duopoly

No over production

Two families of standard products

Industry market share

17

Airbus and Boeing share on net orders since 1995

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 20180

25

50

75

100

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18

Airbus and Boeing order backlog

Combined backlog of over 13,000 aircraft

Note:Data to end of February 2019

Industry backlog

A220 476A320ceo / neo 5,962A330ceo / neo 293

A350 XWB 603A380 56Total 7,390

B737NG / MAX 4,668767/787 712

777 423747-8 23Total 5,826

Page 19: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Breakdown of 2018 FY deliveries by source of financing

Note:Share in number of aircraftData to end of December 2018

Source:Airbus

Airbus deliveriesfinancing

19

13%

23%

1%24%

3%

35%

1%Airline Debt

Airline Cash

Capital Markets

Lessor Cash

Lessor Debt

Lessor SLB

ECA Airline

800Aircraft

100%

Cash &commercial

62%Lessors

EDC & ECA Airlines

100%of deliveries through commercial financing

62% of deliveries financed by Lessors

Page 20: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

20

Evolving lessor landscape

Note:Lessor fleet: Airbus and Boeing aircraft in commercial service or on order, figures rounded to the nearest 100

Source:FlightGlobal, fleet in service,data as per end of December

North America Europe M.E. & Asia – Pacific

Top 15 lessors by commercial aircraft fleet size, 2008 vs. 2018

3,700 aircraft 500 aircraft 1,100 aircraft

5,300 aircraft2008

Page 22: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

7.2 5.8 7.3

19.9

14.2

1.1 -

4.0

8.0

12.0

16.0

20.0

2014 2015 2016 2017 2018 2019

Lessor unsecured issuance since 2014

Lessors taking advantage of strong investor appetite

Lessors are becoming common conduits/ investment platform for capital market investorsNote:Data to end of January 2019

Source:investment bank data,company financial statements

Lessor unsecured issuance

22

USD 55.5bn

USD bn.

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2.1 1.1 0.8

5.8

0.3

3.33.7 4.2

6.3

6.3

0.4 -

2.0

4.0

6.0

8.0

10.0

12.0

2014 2015 2016 2017 2018 2019

ABS

ABS Engine

Term Loan

Lessor Term Loan and ABS issuance since 2014

Capital Markets are back in the financing of mid-and end-of-life aircraft

Note:Data to end of January 2019

Source:Investment bank data,company financial statements

Lessor Term Loan and ABS issuance

23

USD 34,3bn

USD bn.

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24

Cap Town Convention: Repossession of collateral worldwide

Source:Unidroit world mapas of Decembre 2018

Aircraft repossession

Aviation Working GroupPro-active actions for the benefit of lenders and lessors

Adequate repossession rights for lenders in 73 countries

Some jurisdictions w/o CTC provide same benefits through local lawEntry into force

Signature

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Bank regulatory burden steadily increasing – Basel IV (Source: DVB)

StresstestsMiFiD2MaRisk I MaRisk II Basel III

ICAAP IFRS 13

IFRS 9

Basel I MaH MaH MaK Basel II BilMoG MaSan

EIOPA

BuBaBaFinLMAAESRB

QIS QIS QIS CVA AVC BCBS239

IASCEBSStress

EBAStress

CRD IVCRR IFRS 10

QIS AVACCP

FINREPCOREP

COREP II

1988 1992 1996 2000 2002 2004 2006 2008 2010 2011 2012 2013 2014

Basel 3.5

MaRisk III

2015 2016 20182017 2019

ESMA

SSM

Basel IV

FundingPlan

AnaCreditFINREP

2.0Prudent Valuation

AVA BCBS248IRRBB

ITSLCR

QISNSFR

BCBS265

FRTB

ALMM

FATCAAQR

CRSMiFiR

AEOI

BEPSSTEs

ICAAPSREP ILAAP

OECD

Data Point Model

EBA ECB JST RTSITS

More regulation and Basel III / IV means:

Less European and US bank capacity; More room for investors and capital market transactions; More room and opportunities for Asian banks.

25

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Investing in aviation

Highly regulated industry

Mobile asset easy to repossess

Aviation industry is less volatile

than other sectors

Long-Term view on the aviation

sector / Excellent track record

Aircraft financing match with investors’

expectations

Page 27: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

Manufacturer Support & Sell Down

Aviation Market & Financing Trends

Product Update

27

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Airbus product overview in capacity and range

Most complete and far-sighted product family

Airbus Product Family

28

Note: product position is illustrativeRange

Capacity

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Airbus & Bombardier a bright future ahead

October 2017 Airbus and Bombardier sign historic partnership

A winning partnershipThe partnership opens a new era in the industry with two giants joining together the best of their product portfolio.

29

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End January 2019

Backlog

47557DeliveriesOrders

532A220unbeatablefuel efficiency

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31

End of January 2019

532 orders

19 customers

A220 Customers

Start-up « Moxy »

GTLK

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Source: Flight Global Article November 13, 2017

Providing value to any operation

Low cost per trip

Lowest cost per seat

Unmatched flexibility and lowest risk

The cost per seat is "so low" on the jet that the carrier can afford to operate sectors with relatively low load factors, in the knowledge that it has flexibility to accommodate more passengers at other times.

airBaltic CEO Martin Gauss

Page 33: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

End January 2019

A320unbeatablefuel efficiency Backlog

6 0238 638DeliveriesOrders

14 661

Page 34: Investing in, operating, leasing and trading Airbus aircraft · Currency exchange rate fluctuations, in particular between the Euro and the U.S. dollar; ... Due to rounding, numbers

A320 Family has the strongest operator base

More than 8new operators per year, on average, over the last 10 years

End 2018Source: AscendIn-service passenger aircraft (excluding private company use etc.)

A320 Family

100

150

200

250

300

Operators

+45%operators in a decade

34

278 A320 operators

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35

Non-stop innovation built on proven values

A320 clear product strategy

2015

Efficiency

2012

Up to 4%Sharklets

Future

20%Cabin EfficiencyEngine ImprovementsSharklets

15%New EnginesSharklets

Fuel Savings per Seat

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36

13% 16% 18% 21% 31% 37% 41% 36% 32%

2010 2011 2012 2013 2014 2015 2016 2017 2018

A320 Family deliveries

~40% of A320 Family deliveries are A321

Source: Airbus order intakeas of end of October 2018

Upsizing with deliveriesA321 A318, A319, A320A320 Family deliveries (% units)

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37

7 out of the 10 largest 757 operators fly now the A321

The A321 has already replaced757s

Source: FlightGlobal Fleet AnalyzerFebruary 2019, In-service fleet

Worldwide number of aircraft

757 351

A321 1,764

A321 presence within the 757 biggest operatorsNumber of Aircraft

3477

127

13 15 24

22069

11635 31

8 65

99158

6

121

0

50

100

150

200

250

300

350

400

A321 orders A321 757

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38

A320ceo secondary market lease transactions 2018

Source: FlightGlobal Fleets Analyser. 01/01/2018 ~ 31/12/2018. Includes leases & lease extensions of used aircraft, excludes sub- & wet leases

134 lease transitions

95 Leases

39 Lease extensions

79 CFM-powered

55 IAE-powered

52 Operators, 3 new

A320ceo has an active secondary market

North America 9

Air Transat 2 x A320 (CFM)Allegiant Air 5 x A320 (CFM)American Airlines 2 x A320 (IAE)

Latin America& Caribbean 9

Aruba Airlines 1 x A320 (IAE)Avianca Group 4 x A320 (CFM/IAE)Azul 1 x A320 (IAE)LATAM 1 x A320 (CFM)

2 x A320 (IAE)

Europe 75

Aeroflot 3 x A320 (CFM)Air Corsica 1 x A320 (CFM)Air France 8 x A320 (CFM)Air Malta 1 x A320 (CFM)Atlantis Armenian 1 x A320 (IAE)Avion Express 3 x A320 (CFM/IAE)British Airways 1 x A320 (IAE)Brussels Airlines 3 x A320 (CFM)DAT 1 x A320 (IAE)easyJet Europe 15 x A320 (CFM)Edelweiss Air 1 x A320 (CFM)Ellinair 2 x A320 (CFM)Ernest Airlines 1 x A320 (CFM)FlyOne 1 x A320 (IAE)GetJet Airlines 2 x A320 (CFM/IAE)Gowair 1 x A320 (CFM)Iberia 2 x A320 (CFM)

1 x A320 (CFM)Laudamotion 3 x A320 (CFM/IAE)Onur Air 1 x A320 (IAE)Orange2fly 2 x A320 (IAE)Small Planet Airlines 3 x A320 (CFM/IAE)Smartlynx 3 x A320 (CFM)

1 x A320 (IAE)Thomas Cook Airlines 1 x A320 (CFM)TAP Air Portugal 1 x A320 (CFM)Ural Airlines 1 x A320 (CFM)

1 x A320 (CFM)VIA Airways 1 x A320 (IAE)Vueling Airlines 1 x A320 (CFM)

5 x A320 (CFM/IAE)Wizz Air 2 x A320 (IAE)Yamal Airlines 2 x A320 (CFM)

Asia-Pacific 37

Air Busan 2 x A320 (IAE)AirAsia (India) 1 x A320 (CFM)Cathay Dragon 1 x A320 (IAE)IndiGo 17 x A320 (CFM/IAE)

5 x A320 (IAE)Indonesia AirAsia 1 x A320 (CFM)JC International 1 x A320 (CFM)Jetstar Japan 1 x A320 (IAE)

1 x A320 (IAE)KC International 1 x A320 (CFM)Sky Angkor 1 x A320 (CFM)Spring Airlines 1 x A320 (CFM)Tianjin Airlines 2 x A320 (IAE)Tigerair Australia 1 x A320 (IAE)Virgin Australia 1 x A320 (IAE)

Africa &Middle East 4

AMC Airlines 1 x A320 (IAE)Israir 1 x A320 (IAE)Jazeera Airways 1 x A320 (CFM)Saudia 1 x A320 (CFM)

Lease extensionLease

New Operator

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End February 2019

A330poweringinto the future Backlog

2931 441DeliveriesOrders

1 734

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40

A330: Largest operator base…ever

A330neo has great appeal for today’s A330 operators

Source:Ascend OnlineDecember 2018

A330 operator base advantage

0

20

40

60

80

100

120

1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

23 A350-900

Ope

rato

rs

Passenger airline operator base evolution since Entry Into Service (250-300 seater category)

118A330-200/300

26 A340-200-300

38 777-200

45 767-300/400

55 787

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A330 secondary market lease transactions in 2018

37 Leases16 Lease extension24 Airlines, 4 new37 A330-20016 A330-30021 RR-powered24 PW-powered8 GE-poweredSource: FlightGlobal Fleets Analyser as at 31st December, 2018. Includes dry leases & lease extensions.

53 Lease transactions

Lease extensionLease

North America 8

Air Transat 3 x A330-200 (RR)1 x A330-200 (RR)

American 4 x A330-300 (PW)

Europe 26

Air France 4 x A330-200 (GE)Aer Lingus 1 x A330-200 (GE)Aeroflot 2 x A330-200 (RR)Aigle Azur 2 x A330-200 (PW)Atlasglobal 1 x A330-200 (GE)Brussels Airlines 3 x A330-300 (RR)Evelop 1 x A330-200 (PW)HiFly 1 x A330-200 (PW)Ifly 2 x A330-200 (GE/PW)Nordwind 2 x A330-200 (PW)Onur Air 1 x A330-200 (RR)Virgin Atlantic(i) 4 x A330-200 (PW)Wamos Air 2 x A330-200 (PW)

Asia-Pacific 16

AirAsix X 2 x A330-300 (RR)Asiana 2 x A330-300(GE)Hong Kong Airlines 2 x A330-200 (RR)Malaysian Airlines 5 x A330-200 (PW)QANTAS 1 x A330-200 (GE)SriLankan 1 x A330-200 (RR)Thai AirAsia X 3 x A330-300 (RR)

Africa &Middle East 1

Almasria Universal 1 x A330-200 (GE)

March 2019 Seconadary Market41

New Operator

Latin America& Caribbean 2

Avianca 2 x A330-200 (RR)

(i) Virgin Atlantic is a new operator of the A330-200

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15 out of 17 currently operate A330Lowest-risk solution for 1 new widebody operator

Lease PlacementsCustomers

Building on A330 operational excellence238 firm orders

17 operators

2 Undisclosed customers

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End February 2019

A350 XWBShaping the futureof air travel

Backlog

603249DeliveriesOrders

852

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A350 XWBFamily

Two sizes with similar long range capability

A350-900 8,100nmA350-1000 8,000nm

ICN

Typical 3-class configurationsTypical airline rules, 200 nm alternate

85% annual headwinds

A350-1000366 passengers

A350-900 325 passengers

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010203040

2014 2015 2016 2017 2018

A350 XWB sales transactions involving lessors

Sale & Lease-backLessor-to-Lessor sale

Lessors are actively buying and selling A350 XWBs

Lessors known to have been involved in A350 XWB SLBs and sales between lessors(i):

Airlines known to have been involved in A350 XWB SLBs and sales between lessors(i):

(i) May not be a comprehensive list.Source: FlightGlobal Fleets Analyser. Data reported as at 31st December, 2018

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A380will fly for decades to come Deliveries

234251OrdersOperators

14

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All Nippon Airways will take delivery of 3 A380sEmirates will take delivery of 14 more A380s

Programme status

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A380s will fly for decades to come

A380s will fly for many years to come and we will of course continue to fully support the operators.

We will continue to support our customers with aftermarket services for years to come.

We look forward to supporting the fleet, as the A380 continues to delight travellers, for many years to come.

49 20/03/2019 Unique passenger experience, for decades to come

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Quotes from Forbes, FlightGlobal

Already flown for Norwegian, Air Austral & Thomas Cook

Contracted with one customer for all of Summer 2019

“So far it looks like a few more units shall join the fleet.”

Hi Fly A380

“It seems that 2019 will be great, so for the moment we are happy with our investment. We are happy with the decision to put the first A380 on the wet-lease market.”

Hi Fly President & CEO Paulo Mirpuri

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Contact Details

Bertrand GuedezStructured Finance Manager

Airbus Singapore Pte Ltd 12 Seletar Aerospace Link

M +65 9820 1821 Singapore 797553E [email protected]

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François ColletVice President – Structured Finance

Airbus SAST +33 5 67 19 02 79 1 Rond-Point Maurice BellonteM +33 6 16 97 13 87 31707 BlagnacE [email protected] France

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Happy to answer any question

Thank you

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© AIRBUS (Airbus S.A.S., Airbus Operations S.A.S., Airbus Operations GmbH, Airbus Operations LDT, Airbus Operations SL, Airbus China LTD, Airbus (Tianjin) Final Assembly Company LTD, Airbus (Tianjin) Delivery Centre LTD). All rights reserved. Confidential and proprietary document. This document and all information contained herein is the sole property of AIRBUS. No intellectual property rights are granted by the delivery of this document or the disclosure of its content. This document shall not be reproduced or disclosed to a third party without the express written consent of AIRBUS S.A.S. This document and its content shall not be used for any purpose other than that for which it is supplied. The statements made herein do not constitute an offer. They are based on the mentioned assumptions and are expressed in good faith. Where the supporting grounds for these statements are not shown, AIRBUS S.A.S. will be pleased to explain the basis thereof. AIRBUS, its logo, A300, A310, A318, A319, A320, A321, A330, A340, A350, A380, A400M are registered trademarks.