Air Greenland AS

DECEMBER 2013 Greenland compared to Denmark, Europe Qaanaaq and the USA: Pituffik/Thule 57.600 inhabitants

Upernavik 2.670 km from north to south

Qaarsut Nerlerit Inaat Uummannaq Ittoqqotoormiit

Qeqertarsuaq 80 towns and settlements Ilulissat Aasiaat Qasigiannguit Sisimiut Kangerlussuaq

Paamiut Grønnedal Narsarsuaq Narsaq Qaqortoq Alluitsup Paa Nanortalik Air Greenland AS

• Has existed since 1960 • 3 owners

o The Greenlandic Homerule: 37,5 % o The Danish Government: 25 % o SAS: 37,5 % (are trying to sell their shares) . 2012: 565 employees (group: 655) . Company structure: Air Greenland Inc.

. Net revenue MDKK 1.167 . Profit ratio 9,7% . Solvency ration 52,9%

Result and expected return of investment: 120 14%

100 12%

80 10%

8% 60

6% 40 4%

20 2%

0 0% 2008 2009 2010 2011 2012

Result after taxes Return on invested capital Expected return of investment Distribution of revenue

11%

10% 54%

16%

Passenger revenue Service contract revenue Other revenues Charterrevenue Freight & mailrevenue Social responsibility

Some of our top priorities are:

. Dialogue and openness . Involvement in the local community (among other things, co-founder of CSR Greenland and Transparency Greenland) . Training and education . Climate and environment (among other things we have maintained the

same CO2-discharge despite increase in our level of activity) . Work environment and safety

. Human and workers’ rights (UN Global Compact)

. Responsible purchasing

. Anti-corruption

Routing

. Commercial area . Min. 5 weekly connections to Denmark . Scheduled service 6 days a week to major towns in Greenland . 21 destinations served

. Service contract areas . Low populated areas . Flights subsidised by the Greenlandic Home rule . 9 out of 10 contracts operated by Air Greenland

Route net

Greenland is divided into a commercially viable area and a service contract area.

In the commercial area, there are no public subsidiaries. An international workforce

. From Greenland 61% . From Denmark 29% . From Sweden 4.5% . From Norway 3.5% . Others 2% The most versatile fleet in the world

. 1 Airbus 330-200 . 3 DHC-7 . 6 DHC8-Q200 . 1 Beechcraft King Air 200 . 2 Sikorsky S-61 N helicopters . 8 Bell 212 helicopters . 12 AS 350 B2/3 “Squirrels”

“Norsaq”

Domestic fleet

Charter

. Government service contracts . US Air Force military contract . Sightseeing . Exploration – mineral, oil & gas . Scientific projects . Medevac . Heli skiing . Construction . Search and Rescue . Ad Hoc passenger & Cargo flights