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WIZZ AIR HOLDINGS PLC Q1 F27 Results Presentation August 6 , 2026 Q1 Presentation Speakers József Váradi Chief Executive Officer Veronika Spanarova Chief Financial Officer lan Malin Chief Commercial Officer wizzair.com
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Q1 F27 – absorbing cost pressures and high growth 1 Load factor broadly flat YoY Q1 ASKs +15% YoY Seats +25%, Passengers +25% Q1 ex-fuel unit costs -2% Q1 RASK -8% YoY • Q1 capacity and pricing in line with guidance • Strong ex-fuel CASK performance and stable Load Factor • Improved operational efficiency with OTP (A15) up 3.6ppts YoY to 82.7% and the completion rate up 75bps to 99.9% • Strong cash position of €2.21bn. 37% 12mth rolling liquidity ratio one of strongest in industry • 27 engine-related groundings at end Q1 vs 41 a year ago. End F27 groundings expected to be in the range of 15-20 aircraft • Current trading resilience, with Q2 RASK expected to be down low-single digit on 20% ASK growth • Positive fuel hedge positions in place with 39% of H1 F28 now hedged in the range of US$776 to US$864 per metric tonne • Leveraging growth into improving ex-fuel costs in key areas such as airports and labour Successfully delivered on guidance on all key drivers
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Q1 PAT in line with expectations 2 • Stage length down -8.4% YoY to 1,592kms due to network optimisation • Seats up 25.4% YoY , load factor broadly stable • Total RASK down 8.1% YoY • PAT decrease substantially reflects higher fuel bill Summary Summary data (€m) Ticket revenue Q127 Q126 YoY (%) 807 799 1% Ancillary revenue 700 629 11% Total Revenue 1,507 1,428 6% Fuel cost (611) (438) 39% Non-fuel cost (793) (689) 15% Other (costs)/income 43 (1) nm EBITDA 147 300 (51%) Depreciation & amortization (331) (273) 21% Operating costs (1,691) (1,401) 21% Operating profit/(loss) (183) 27 nm Net financing (cost)/income (54) (44) 23% FX (loss)/gain (15) Tax (charge)/credit 54 (10) nm Net profits pre-minorities (198.2) 38.4 nm Unit data Ticket RASK (€ c) Q127 Q126 YoY (%) 2.17 2.47 -12.1% Ancillary RASK (€ c) 1.88 1.94 -3.1% TOTAL RASK 4.05 4.41 -8.1% ASKs (bn) 37.2 32.4 14.9% Average stage length 1,592 1,738 -8.4% 65 nm Minorities (0.4) 0.9 PAT (198.6) 39.3 Passengers (m) 21.2 17.0 25.1% Load Factor 90.9% 91.1% -0.2pp Fleet utilisation: block hours/day Q127 Q126 YoY per aircraft 10:01 10:03 -0.3% per operating aircraft 11:36 12:23 -6.3% Pre-tax profits (252) 48 nm Seats (m) 23.4 18.6 25.4%
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Unit cost driven by fuel and peak CEO redelivery schedule 3 Costs (€m) Q127 Fuel cost (611) Staff costs (178) Q126 yoy (€m) (438) (172) (157) (21) Maintenance (130) (111) (19) Airport, handling & en route (444) (384) (61) Depreciation & amortization (331) (273) (58) Distribution & marketing (41) (37) (3) Other (costs)/income 43 (1) 45 Total operating expenses (1,691) (1,401) (290) Net interest cost (54) (44) (10) Total Ex-Fuel Other (costs) / income Q127 Sale and leasebacks 53 Credits & compensation 45 Q126 yoy (€m) Q127 CASK (€c) Q126 CASK (€c) YoY(%) 28 25 0.14 0.09 65% 69 (24) 0.12 0.21 (43%) Disruption costs (9) (34) 25 (0.02) (0.10) (77%) Wet leases -0 (9) 9 -0 (0.03) (100%) Overheads and others (46) (55) 10 (0.12) (0.17) (28%) Total other (costs)/income 43 (1) 44 0.12 (0.00) nm • Ex-fuel CASK down 1.9% • Ex-fuel costs per passenger down 10.3% YoY • While ‘Others’ helped the ex-fuel cost number, this line was better due to lower costs rather than additional income. • Lower disruption costs of note while higher SLB profits were offset by lower compensation payments from reduced groundings • Higher depreciation and maintenance unit costs as guided, given the CEO returns cycle • Positive trends in airports and staff costs derived in part from Wizz’s densification programme and new airport deals. • Airport unit costs down 4.5% YoY driven by a return to volume growth (1,745) (1,134) Summary (1,445) (300) (1,007) (128) Q127 CASK (€c) Q126 CASK (€c) YoY(%) (1.64) (1.35) 21.3% (0.48) (0.48) (1.2%) (0.35) (0.34) 2.1% (1.19) (1.18) 0.8% (0.89) (0.84) 5.6% (0.11) (0.11) (5.0%) 0.12 (0.00) nm (4.54) (4.32) 5.1% (0.15) (0.14) 7.0% (4.69) (4.46) 5.1% (3.05) (3.11) (1.9%)
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Q1 FCF in positive territory 4 -174 +197 +54 +150 +122 EBIT * +331 D&A Unflown revenue liability -15 Trade receivables / Payables -94 Other operating cash flow Total operating cash flow Net CAPEX -265 Lease repayments FCF Q1 EBIT to FCF bridge Balance sheet - key data Total cash (€bn) Q127 Q126 2.21 2.13 Net debt (€bn) 5.13 4.94 Net debt/12mth EBITDAR 4.4x 4.4x 12 month liquidity ratio 36.9% 35.0% Continued build-up in forward bookings Benefit of adjusted PDP schedule and timing of SLBs still evident * EBIT including €9m of recognised FX gains
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Four forces impacting Q1 unit revenue 5 Net revenue €1,507M (+5.5% YoY) Capacity +15% ASK · +25% seats Load factor 90.9% (−0.2 ppt) Net RASK 4.05¢ (−8.1% YoY) +0.17¢ F26 Q1 RASK Stage-length mix -0.16¢ Growth / spool-up mix -0.29¢ April war & Easter impact -0.08¢ Market pricing F27 Q1 RASK +4.41¢ +4.05¢ Source: internal estimates
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Outlook 6 RASK Capacity Load Factor Costs Q2 fuel CASK up mid-to-high single digits (based on current market prices) H1 ex-fuel CASK up low single digit YoY Q2 ASKs up circa 20% YoY , seats up high twenties percent Q2 RASK down low single digits (supported by stage length reduction), notwithstanding unprecedented capacity growth H1 Flat YoY
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Fleet and capacity growth to slow from next year 8 Strategic upsizing to all-NEO fleet sees11% 3yr CAGR in seats F27 to F30, outpacing the 7.5% growth in aircraft 147 183 211 238 280 31541 37 40 29 3 3 3 6 7 F26A 13 6 11 F27F 146 11 F28F 0 6 11 F29F 0 06 11 F30FF25A 231 262 270 272 300 335 26 6 +7.5% A320CEO A321CEO A320NEO A321NEO A321XLR 11 13 10 Redeliveries F26 F27 F28 F29 F30 Deliveries A320 CEO 1 11 15 14 F26 F27 F28 F29 F30 A321 CEO F26 F27 F28 F29 F30 A320 NEO 3 1 2 39 29 27 44 35 F26 F27 F28 F29 F30 A321 NEO 7 4 F26 F27 F28 F29 F30 0 0 0 A321 XLR • Q2 seat capacity growth expected to be up high 20% YoY , ASKs up circa 20% • 2 fewer A321neos being delivered this year than previously planned. Deferred until F29 • CEO retirement cycle will see related depreciation costs fall in F28 • All GTF related grounded aircraft to be flying by end calendar 2027 Summary
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© 2004 - 2025 Wizz Air Group © 2004 - 2026 Wizz Air Group Hedges being built for Summer 2027 9 As at close on July 29 FUEL FX €/US$ EU/UK ETS* *Inclusive of free allowances ** portion of net USD exposure (USD lease liabilities/(USD cash & cash deposits + hedges) F27 100% % of US$ leases covered ** 1.17 1.13 F27 96% 1.21 1.17 Q2 F27 F27 H2 F27 79% 65% 71% F28 H1 35% 1.20 1.18 Q2 F27 F27 H2 F28 H1 82% 68% 39% F27 76% Av. ceiling US$/MT Av. floor US$/MT 837 820 864 775 749 776 819 750 1.19 1.15 Note: Jet fuel hedge for the 9mths to March 2027 stands at 73% in the range of US $759-826/MT. For the same period, FX cover stands at 69% at $1.1586/$1.1945.