Cathay Pacific Airways : 2022 Interim Results Presentation

Analyst Briefing

2022 Interim Results

10 August 2022

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Disclaimer

This document has been prepared by Cathay Pacific Airways Limited ("the "Company", and together with its subsidiaries, the "Group") solely for information purposes and certain information has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the accuracy, fairness, completeness, reasonableness or correctness of the information or opinions presented herein or any verbal or written communication in connection with the contents contained herein. Neither the Company nor any of its affiliates, directors, officers, employees, agents, advisers or representatives shall have any responsibility or liability whatsoever, as a result of negligence, omission, error or otherwise, for any loss howsoever arising in relation to any information presented or contained in this document or otherwise arising in connection with this presentation. The information presented or contained in this document is subject to change without notice and shall only be considered current as of the date of this presentation.

This document may contain certain forward-looking statements that reflect the Company's beliefs, plans or expectations about the future or future events. These forward‐looking statements are based on a number of assumptions, current estimates and projections, and are therefore subject to inherent risks, uncertainties and other factors beyond the Company's control. The actual results or outcomes of events may differ materially and/or adversely due to a number of factors, including COVID-19, changes in the economies and industries in which the Group operates (in particular in Hong Kong and the Chinese mainland), macroeconomic and geopolitical uncertainties, changes in the competitive environment, foreign exchange rates, interest rates and commodity prices, and the Group's ability to identify and manage risks to which it is subject. Nothing contained in these forward-looking statements is, or shall be, relied upon as any assurance or representation as to the future or as a representation or warranty otherwise. Neither the Company nor its directors, officers, employees, agents, affiliates, advisers or representatives assume any responsibility to update these forward‐looking statements or to adapt them to future events or developments or to provide supplemental information in relation thereto or to correct any inaccuracies.

This document is for information purposes only and does not constitute or form any part of, and should not be construed as, an invitation or offer to acquire, purchase or subscribe for securities nor is it calculated to invite any such offer or invitation, whether in Hong Kong, the United States, or elsewhere.

This document does not constitute, and should not be construed as, any recommendation or form the basis for any investment decisions regarding any securities of the Company. Potential investors and shareholders of the Company should exercise caution when investing in or dealing in the securities of the Company

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Agenda

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Briefing highlights & responses to COVID-19 Group financial highlights

Operating performance Outlook

Summary Q&A

Hosted by

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Rebecca Sharpe, Chief Financial Officer

Ronald Lam, Chief Customer and

Commercial Officer

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Briefing highlights

& responses to COVID-19

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© Cathay Pacific Airways Limited and its subsidiaries

1H 2022 vs 1H 2021 at a glance

HK$18.6bn

RevenueHK$15.9bn

HK$26.7bn

			Available	HK$32.8bn
HK$(2.5)bn			unrestricted liquidity
Cathay Pacific plus
HK$(6.2)bn
subsidiaries loss	0.74
			Gearing
				0.82
HK$(5.0)bn			(pre HKFRS16)
Group attributable
HK$(7.6)bn
loss

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© Cathay Pacific Airways Limited and its subsidiaries	5