International Airlines Group Investor Presentation — August 2018

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IAG results presentation

3rdAugust 2018Highlights

Willie Walsh, Chief Executive Officer•Strengthen portfolio of world -class brands and operations

−LEVEL expansion to Paris and Vienna

−LEVEL CEO appointment

−Further customer proposition enhancements at British Airways and Iberia ( e.g.Wi -Fi,

lounges, Club World bedding, Iberia Premium Economy A330 roll -out almost complete)

−British Airways and Iberia Basic Economy fares introduced on long -haul routes

•Grow global leadership positions

−10% capacity growth on North Atlantic in 2Q, including new routes launched:

−Aer Lingus: Dublin to Philadelphia and Seattle

−British Airways: Heathrow to Nashville, Gatwick to Las Vegas and Toronto

−Iberia: Madrid to San Francisco

−LEVEL: Barcelona to Boston

−c.7% growth on Latin American routes by BA, Iberia and LEVEL

−15% growth at Gatwick with newly acquired slots

−Return to growth at Vueling in Spain, Italy and France

•Enhance IAG’s common integrated platforms

−CASK ex -fuel down another 1.5% in 1H18 –11.7% down since IAG formation in 2011

−New generation aircraft deliveries: 5 A320neos, 1 A350 and 3 B787

−New distribution model successfully rolling out

−UK Avios and BA Executive Club programmes merged

−Further digital transformation initiatives (e.g. 3rdHangar 51 programme)1H 2018 strategic highlightsFurther progress against strategic objectives

34Continued strong financial performance

•Another strong quarter performance withanoperating profit of€835m(13.5%margin, +0.2pts)vs.€790mlastyear