TITLE SIZES Gateway 2020 strategy COVER TITLE and H1 2015 results Arial Headings Bold 28 point / Dark Blue / Accent 1 SUBTITLE Investors Day presentation Arial Headings Bold 18point / 80% Grey September 3, 2015 DATE Arial Headings Regular © Copyright gategroup 2015 14point / 80% Grey gategroup Investor Day Table of Contents 1 Gateway 2020 strategy 2 1H 2015 Financial review 3 Conclusions 2 PHOTO(1) SLIDE INSERT PICTURE gategroup Investor Day 3 1 Schedule Right-click on existing picture and choose Fill/ 12.30 - 14.00 Lunch gategroup team Picture or Texture Fill. 14.00 - 16.00 Presentation and Q&A Xavier Rossinyol / 2 Christoph Schmitz Choose Insert from File, find the image and click 16.00 - 17.00 Apèro & Kitchen Tour gategroup team ´Insert´ Insert 3 If needed, select picture and ‘Send to Back’ gategroup H1 Results and Strategy Review – September 2015 gategroup Investor Day Table of contents 1 Gateway 2020 strategy • gategroup Today • Key Industry Trends • 2020 Gateway Strategy 2 1H2015 Financial Review 3 Conclusions PHOTO(1) SLIDE INSERT PICTURE What is gategroup? 5 1 gategroup is the leading global, independent airline caterer and on board passenger experience Right-click on existing picture and choose Fill/ gategroup is the leading… Picture or Texture Fill. …global … specialized in: …independent ▶ catering and hospitality ▶ provisioning and logistics …airline caterer ▶ on board products and services …and on board passenger experience 2 Market Share Customer Segmentation Product and Segmentation Choose Insert from File, find the image and click ´Insert´ gategroup, 21% Retail on Non-Aviation, Board, 8% Other, 2% 2% Equipment, Insert 9% Other, 37% 3 If needed, select picture Flying Food, 1% and ‘Send to Back’ SATS, 2% LSG, 20% Catering and Do & Co, 2% Handling, Dnata, 6% Hospitality, Newrest, 5% Servair, 6% 26% Aviation, 98% 56% Source: gategroup gategroup H1 Results and Strategy Review – September 2015 PHOTO(1) SLIDE INSERT PICTURE What is gategroup? 6 1 Key Figures Right-click on existing picture and choose Fill/ Picture or Texture Fill. Revenues Regional Revenue split CHFm, as reported 2014 . Present in 6 continents, 32 EMEA countries, 124 locations and 166 +5.6%1 3,009 facilities 2,712 NA . 270+ customers 51% 2 . 27,800 average full time 32% equivalent number of employees Choose Insert from File, . 350+ million passengers served find the image and click 17% per year ´Insert´ Emerging markets 2009 2014 Insert EBITDA %, as reported Regional EBITDA split . 2014 Free Cash Flow: CHF 65.8m . 2014 Net debt: CHF 243.1m 2014 3 7.0% EMEA . 2014 CapEx: CHF 55.7m 5.6% If needed, select picture 21% and ‘Send to Back’ NA 57% . Market cap: CHF 896m (as of August 26, 2015) 22% . Number of shares: 26.8m 2009 2014 Emerging markets Notes: (1) CAGR at constant exchange rate gategroup H1 Results and Strategy Review – September 2015 Source: gategroup gategroup Investor Day Table of contents 1 Gateway 2020 strategy • gategroup Today • Key Industry Trends • 2020 Gateway Strategy 2 1H2015 Financial Review 3 Conclusions gategroup H1 Results and Strategy Review – September 2015 TEXT SLIDE TEXT LEVELS FOOTER = 8 The Airline Catering Industry Trends Title of Presentation 1 1 Body Text (14pt) INDUSTRY AIRLINE FOOD & BEVERAGE Copy the Presentation 2 • 1st Bullet (14 pt) Resilient pax volume growth Culinary focus -premium chefs Title from the Cover Page 3 • 2nd Bullet (14 pt) Emerging Markets growth to Innovation and personalisation continue to outpace mature ones e.g., pre-order, self –design meals 2 4 Bold text (14 pt) Airline consolidation and Healthy and hub network model Culture-focused cuisine On the top menu, go to Insert > Header and Long-haul traffic to grow faster than short-haul Footer. A window will open. VOLUME 3 PASSENGER PRICE/MARGIN Check “Footer” and paste the Presentation Title into the field below it. Airline segmentation evolving: Organic and sustainable 4 Premium, LCC, and Hybrids ingredients Click Apply to All. The title Ongoing cost/margin pressures Convenient, on-the-go products: from legacy carriers “snacks” vs. meals should be displayed on the main content pages next to Differentiation & customizability of airline services the logo. gategroup H1 Results and Strategy Review – September 2015 TEXT & FOOTNOTES SLIDE TEXT LEVELS FOOTER = Key Airline Industry Trends 9 Title of Presentation The airline market outperforms GDP and is forecasted to grow resiliently 1 1 Body Text (14pt) Airline Market pax growth vs. GDP, long-term traffic and fleet forecast Copy the Presentation 2 • 1st Bullet (14 pt) Title from the Cover Page 2. Global pax volume is forecasted to 3 • 2nd Bullet (14 pt) grow at 4.1%1 CAGR 2014-34 2 4 Bold text (14 pt) Asia-Pacific 4.9% 1. Passenger traffic outperforms Middle East 4.9% On the top menu, go to 2 GDP growth Latin America 4.7% Insert > Header and Footer. A window will open. 8 8 Africa 4.7% North America 3.3% 6 3 6 Europe 2.7% 4 Average: 4.1% Check “Footer” and paste 2 4 the Presentation Title into 0 the field below it. 2 -2 4 -4 0 18,817 05 06 07 08 09 10 11 12 13 14 15 Growth New Click Apply to All. The title GDP growth % RPK growth % RPK (bn) aircraft should be displayed on the 27,347 main content pages next to Re- .3 World Aircraft fleet is 10,409 the logo. placed forecasted to double by 20323 17,739 7,330 Stay in service RPK= Revenue Passenger Kilometer Source: 2013 2032 1) ICAO, IHS Economics; gategroup H1 Results and Strategy Review – September 2015 2) Pax by origin. IATA October 2014; 3) Airbus Global Market Forecast 2013-2032 TEXT & FOOTNOTES SLIDE TEXT LEVELS FOOTER = Key Airline Industry Trends 10 Title of Presentation The airlines business model is undergoing a major consolidation 1 1 Body Text (14pt) Long haul traffic growth, emergence of “super connectors” and consolidation of the airlines Copy the Presentation 2 • 1st Bullet (14 pt) Title from the Cover Page 3 • 2nd Bullet (14 pt) 1. Long haul traffic has grown at 4.2% CAGR 2. Emergence of “super connectors” 1 4 Bold text (14 pt) 1990-2012, faster than short haul traffic International airline RPK bn. RPK bn. 2 Long haul traffic vs. short haul traffic 1990-2012 Top 50 carriers2 On the top menu, go to 250 Insert > Header and +4.2% Long haul Footer. A window will open. 200 CAGR Short haul 150 +2.9% 3 CAGR 100 Check “Footer” and paste the Presentation Title into 50 90 92 94 96 00 02 04 06 08 10 12 the field below it. 3. Airline consolidation3 4 Click Apply to All. The title should be displayed on the main content pages next to the logo. *Etihad was established in 2003 Notes: Index 100= 1990 - Long haul traffic: flight distance >2,000m - ASM= Available Seat Kilometer gategroup H1 Results and Strategy Review – September 2015 Source: 1) OAG; Airbus 2014 2) IATA. The Economist 2015 3) AA, 2013 TEXT & FOOTNOTES SLIDE TEXT LEVELS FOOTER = Key Airline Industry Trends 11 Title of Presentation Emerging market and flight routes will continue to grow, outpacing developed countries 1 1 Body Text (14pt) Emerging Markets long-term forecast, market structure and routes Copy the Presentation 2 • 1st Bullet (14 pt) Title from the Cover Page 1. Emerging markets (EM) are forecasted to 3 • 2nd Bullet (14 pt) increase 10 p.p. global RPK share by 20321 2 4 Bold text (14 pt) EM share ~50% EM share ~60% . APAC is a fragmented market2 2 On the top menu, go to Insert > Header and Share of Top-5 non-LCC ASM 2014 Footer. A window will open. 2012 2032 3 90% 91% Check “Footer” and paste 69% 65% Asia Pacific Europe Latin America the Presentation Title into 40% North America Middle East Africa the field below it. APAC Europe Latam MEA NA 4 28% Advanced-Advanced 42% Click Apply to All. The title 3. Emerging – Emerging Routes to should be displayed on the grow at 6.8%3 CAGR 2014-32, 34% main content pages next to to account for 38% of total Advanced-Emerging 33% the logo. 38% Emerging-Emerging 25% RPK= Revenue Passenger Kilometer ASM= Available Seat Kilometer Source: 1) IHS Global Insight; 2014 2032 2) gategroup analysis 3) Airbus 2014 gategroup H1 Results and Strategy Review – September 2015 TEXT & FOOTNOTES SLIDE TEXT LEVELS FOOTER = Industry Market Trends and gategroup Positioning 12 Title of Presentation gategroup strategy should respond to key passenger and airline trends 1 1 Body Text (14pt) Passenger Trends Impact on gategroup Airline Industry Trends Copy the Presentation 2 • 1st Bullet (14 pt) . Relevance of the passenger Title from the Cover Page 3 • 2nd Bullet (14 pt) Premium . Need of segmentation Bold text (14 pt) Shifting demand and customer 2 4 Premium innovation & in Food and . service customisation On the top menu, go to Beverages (e.g. Insert > Header and premium / natural . Culinary excellence Personalisation Footer. A window will open. ingredients) . Retail on Board and pre- and airline ordering differentiation 3 . Global network / critical Shift in Behaviour mass Check “Footer” and paste LCC –ancillary the Presentation Title into (e.g. snacking . Cost efficiency / lean revenues the field below it. instead of meals) operations . Smart technology 4 Airline Core Competencies consolidation Click Apply to All. The title shouldRise be ofdisplayed on the Technology Premium Flights Involvement . Business Intelligence / Retail main content pages next to (e.g. pre-ordering Marketing Technology the logo. via smart phones) . Technology / innovation Enablement . Culinary . Supply chain / efficiency Source: gategroup gategroup H1 Results and Strategy Review – September 2015 gategroup Investor Day Table of contents 1 Gateway 2020 strategy • gategroup Today • Key Industry Trends • 2020 Gateway Strategy 2 1H2015 Financial Review 3 Conclusions gategroup H1 Results and Strategy Review – September 2015 PHOTO(1) SLIDE INSERT PICTURE Gateway 2020 Strategy Elements 14 1 Gateway 2020 strategy is grounded on four pillars to drive Cash Flow generation Right-click on existing picture and choose Fill/ Picture or Texture Fill.