18/01/2017

LOWEST COST IS THE WAY FORWARD

CARRIED PASSENGERS23 million in 2016

Source: Company information (1) from 1 April 2015 until 31 March 2016 (2) As at 6 April 2016 (3) Headcount as at 31 Mar 2016.

OPERATING BASES

27 WIZZ bases in 14 CEE countries (2 to open in 2017)

FLEET74 Airbus A320 and A321 aircraft

ROUTES ON SALE> 500 routes, 136 destinations, 40 countries

STAFFApproximately 3,000

» Bosnia and Herzegovina: Tuzla

» Bulgaria: Sofia, Varna (from 21 July)

» Czech Republic: Prague

» Georgia: Kutaisi

» Hungary: Budapest, Debrecen

» Latvia: Riga

» Lithuania: Vilnius

» Macedonia: Skopje

» Moldova: Chisinau (from 26 March)

» Poland: Katowice, Warsaw, Gdansk,

Poznan, Wroclaw and Lublin

» Romania: Bucharest, Cluj-Napoca, Craiova, Iasi, Sibiu, Timisoara,Tirgu-Mures

» Slovakia: Kosice

» Serbia: Belgrade

» Ukraine: Kiev

WIZZ AIR TODAY

WIZZ AIR’S

LOW-FARE NETWORK

STRONG AND CONSISTENT GROWTH

WIZZ has achieved strong and

consistent growth

over the past

12,5 years0

5

10

15

20

25

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

0.71.9

2.84.2

5.9

7.8

9.610.7

12

13.5

15.8

19.2

22.7

Passengers carried (million) in CY

YEAR 2016: RECOGNITION AND FURTHER DEVELOPMENT

UNIQUE BUDAPEST LIVERY BRAND NEW WEBSITE

EXCELLENCE IN OPERATIONS EXCELLENCE IN SAFETY

IOSA registration from International Air Transport Association (IATA)

2016 Value Airline of the Year by Air Transport World

2016 Low Cost Airline of the Year by Center for Aviation (CAPA)

UNIQUE

2017: THE YEAR OF MASSIVE EXPANSION

2017FOCUS ON

O P P O R T U N I T I E S

IN EUROPE

LOWEST

C O S T

14 NEWA I R C R A F T

Rapidly growing

WIZZ TEAM

INTERNATIONAL MANAGEMENT TEAM

Chief Executive OfficerJózsef Váradi

Chief Operations OfficerDiederik Pen

Chief Corporate OfficerOwain Jones

Chief Commercial OfficerGeorge Michalopoulos

Chief Flight Operations Officer

József Ujhelyi

Chief Marketing OfficerJohan Eidhagen

Chief Financial OfficerSonia Jerez

AIRBUS A321: THE GAMECHANGER

11

HOW WE GOT HERE

COST ADVANTAGE FROM A321

10

Fleet Development

Airbus Order

• 110 A321neo deliveries from 2019

(90 additional option)

• Right to substitute certain A321neo

for A320neo

• Next generation engine selected

Fleet

74

63 63 67

416

26

183

190194

120

130

140

150

160

170

180

190

200

0

20

40

60

80

100

F16 F17 F18

A320 A321 Average number of seats per aircraft

67

79

93

*As at 30 September 2016

63x

A320

11x*

A321

CEE – A UNIQUE OPPORTUNITY FOR GROWTH

11

Large Addressable Market

Weak Legacy Carriers

GDP GrowthDeregulation

Growing Propensity to Air

Travel

Growing LCC Market

Share

CEE

Ryanair Easyjet

PolandRyanair EasyJet

Romania Blue Air Ryanair

Hungary Ryanair EasyJet

Czech Republic EasyJet Ryanair

Lithuania Ryanair Norwegian

Bulgaria Ryanair EasyJet

Latvia Ryanair Norwegian

Ukraine FlyDubai Pegasus

Slovakia Ryanair FlyDubai

Serbia Ryanair Pegasus

Macedonia Pegasus FlyDubai

Bosnia & Herzegovina Pegasus FlyDubai

MARKET LEADING POSITION*

12

Source: Company Information. Innovata, Nov 2016 to Feb 2017.* Market and Market Share is defined as the Low Cost Carrier market, excluding domestic capacity

44% 36% 6%

Number 1 Number 2 Number 3

13

DE-RISKED GROWTH PROFILE

New Airports

Increasing Frequencies

New Destination Countries

Joining Existing Airports

56.5 %

H1 FY17

Capacity

26.8 %

15.5 %

1.1 %

Source: Company Information

12.3 11.4

15.1 16.4

Bag Fees Non-Bag

IMPORTANCE OF ANCILLARY MODEL

14

Ancillary Income per passenger increased by €0.4 to €27.8 in H1F17 vs H1F16

Focus on value added services e.g.:

- Wizz Discount Club

- Allocated Seating

- Plus Fare

€27.4€27.8

F16 F17

Revenue per passenger in €

19.0 22.2 25.4 26.3 26.7 27.4 27.8

49.1 46.8

47.3 48.2 44.8

51.1 45.0

68.1 69.0 72.7 74.5

71.5

78.5

73.2

F12 F13 F14 F15 F16 H1 F16 H1 F17

Ancillary

Ticket

CONSUMER-TAILORED BUNDLES• BASIC• WIZZ GO• WIZZ PLUS

FOCUS ON ANCILLARY PRODUCT OFFER

15

201272

448

580

815

1024

F12 F13 F14 F15 F16 H1 F17

+ 65%

Members(in 000’s and % yoy growth)

+ 35%

+ 29%

+ 41%

ASSIGNED SEATING WIZZ DISCOUNT CLUB

GROWING POPULARITY

- Network-wide rollout May 19, 2015 - Product and pricing refinements, 2016

+ 26%

LOWEST COST IS THE WAY FORWARD

HOW TO GET THE LOWEST COST IN THE INDUSTRY:

AIRPORT MIX

LABOUR PRODUCTIVITY

ONLINE DISTRIBUTION SYSTEM

OUTSOURCE SERVICES NOT CORE TO THE BUSINESS

POINT-TO-POINT FLIGHTS ONLY

FOCUSED BUSINESS (NO DEVIATION FROM ULCC MODEL)

YOUNG AND UNIFORM FLEET

THANK YOUFOR YOUR ATTENTION