First Half 2021 Results Analyst and Press Conference Frankfurt, 05 August 2021 Carsten Spohr, CEO Remco Steenbergen, CFO Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use in this presentation and has not been verified by independent third parties. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the informatio ...

Deutsche Lufthansa AG (OTCQX:DLAKF) Q1 2021 Earnings Conference Call April 29, 2021 4:00 AM ET Company Participants Dennis Weber - Head of Investor Relations Carsten Spohr - Chief Executive Officer Remco Steenbergen - Chief Financial Officer Conference Call Participants Ruxandra Haradau-Doser - Kepler Cheuvreux Jarrod Castle - UBS Stephen Furlong - Davy Research James Hollins - BNP Paribas Neil Glynn - Crédit Suisse Jamie Rowbotham - Deutsche Bank Andrew Lobbenberg - HSBC Daniel Roeska - Bernstein Research ...

Q1 2021 Results Analyst and Press Conference Carsten Spohr, CEO Remco Steenbergen, CFO Frankfurt, 29 April 2021 Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use in this presentation and has not been verified by independent third parties. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the ...

Deutsche Lufthansa AG (OTCQX:DLAKF) Q4 2020 Earnings Conference Call March 4, 2021 7:00 AM ET Â Company Participants Dennis Weber – Head of Investor Relations Carsten Spohr – Chief Executive Officer Remco Steenbergen – Chief Financial Officer Conference Call Participants Ruxandra Haradau-Doser – Kepler Cheuvreux Jarrod Castle – UBS Stephen Furlong – Davy James Hollins – BNP Paribas Jaime Rowbotham – Deutsche Bank Carolina Dores – Morgan Stanley Neil Glynn – Crédit Suisse Muneeba Kayani – Bank of America Dan ...

Q3 2020 Results Analyst and Press Conference Call Carsten Spohr, CEO Frankfurt 5 November 2020 Lufthansa Group is in a good position to withstand the corona crisis Successful cost and cash management limits operating loss Lufthansa Cargo goes from strength to strength Disciplined capacity management and advantages of hub strategy will support performance in Q4 Solid liquidity position equips the Group for a tough winter season Page 2 Positive trends in early Restart phase reversed in September Capacity (ASK ...

Deutsche Lufthansa AG (OTCQX:DLAKF) Q3 2020 Earnings Conference Call November 5, 2020 5:00 AM ET Company Participants Dennis Weber - Head of IR Carsten Spohr - Chairman of Executive Board & CEO Wilken Bormann - CEO of Lufthansa Hub München Conference Call Participants Daniel Roeska - Bernstein Research Ruxandra Haradau-Doser - private investor Stephen Furlong - Davy Research Jarrod Castle - UBS James Hollins - Exane BNP Paribas Jamie Rowbotham - Deutsche Bank Johannes Braun - MainFirst Neil Glynn - Crédit S ...

Financial Performance & Impact of COVID-19 - In the first half of 2020, passenger numbers decreased by 99% due to grounding, followed by a gradual capacity expansion, with ASK (Available Seat Kilometers) down 97% in April and May [10, 11, 12, 13] - Network Airlines experienced an almost complete standstill in Q2, with ASK down 95.5% and a significant decline in passenger load factor (SLF) of 34.2 percentage points [15] - Eurowings' operating profit declined significantly, with Adjusted EBIT down 90% in the first half of the year [19] - The company's fixed cash cost reduction limited monthly cash burn to approximately EUR 550 million [20] - Aircraft impairments related to 65 planes and goodwill impairments led to a net income loss of EUR 3617 million in 6M 2020 [25] Financial Stabilization Package & Liquidity - A stabilization package was agreed with the German Economic Stabilization Fund (ESF) to ensure the company's viability [41] - The stabilization package includes EUR 9 billion in syndicated KfW loans and EUR 1.4 billion in state-guaranteed loans [38, 47] - The company had approximately EUR 11.8 billion in total available liquidity as of June 30, 2020 [38] - The ESF received a 20% direct share issuance in the company at EUR 2.56 per share [47] Restructuring & Outlook - The company aims for a permanent, group-wide capacity reduction of 150 aircraft [70] - The company is targeting a reduction in monthly cash burn to an average of EUR 400 million in winter 2020/21 [70, 72] - The company is targeting a 15% productivity increase by 2023 [63]

September 2020 Investor Meeting Presentation Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use in this presentation and has not been verified by independent third parties. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The information contained in this presen ...

Financial Data and Key Metrics Changes - The Network Airlines capacity offered was down 96% in Q2 and 61% year-to-date, with adjusted EBIT amounting to negative €1.5 billion in Q2 and negative €2.4 billion in the first half [11][12] - The group's adjusted EBIT declined to negative €1.7 billion in Q2 and negative €2.9 billion in the first half, with adjustments totaling €569 million [18][21] - The net loss for the group amounted to €3.6 billion in the first half of the year [21][30] Business Line Data and Key Metrics Changes - Eurowings experienced a similar capacity and cost reduction, with adjusted EBIT of negative €183 million in Q2 and negative €358 million in the first half [12] - Lufthansa Cargo recorded an adjusted EBIT of €299 million, a new record level, due to higher yields as a result of reduced airfreight capacity [14] - Lufthansa Technik faced an operating loss of €122 million in the first half, primarily due to reduced demand for aircraft maintenance and write-downs of receivables [16][17] Market Data and Key Metrics Changes - The average monthly cash burn for the group was around €550 million in Q2, lower than expected due to better performance in non-airline businesses [13] - The group's liquidity amounted to €2.8 billion at the end of June, with total available liquidity reaching €11.8 billion after a €9 billion stabilization package [29][30] Company Strategy and Development Direction - The company is implementing a comprehensive restructuring program called ReNew, aiming to create a leaner and more efficient organization [10][32] - The fleet is expected to be permanently reduced by 100 aircraft, with plans to modernize the fleet and improve environmental footprint [25][33] - The company is focusing on restoring customer confidence and satisfaction, particularly regarding ticket refunds and hygiene measures [36][38] Management Comments on Operating Environment and Future Outlook - The management expressed that a return to pre-corona pandemic levels in aviation is not expected before 2024, emphasizing the need for the industry to adapt to a new normal [8][9] - The company anticipates substantial adjusted EBIT losses in the second half of 2020, despite expecting to reach about 50% of last year's capacity by year-end [41][42] Other Important Information - The company has reduced its capital expenditures to €1.3 billion for both 2020 and 2021, focusing on preserving cash [22][25] - Pension provisions increased by 11% to €7.4 billion due to negative performance of plan assets [28] Q&A Session Summary Question: What are the expectations regarding U.S. travel restrictions and aircraft parking plans? - Management indicated that the outlook for U.S. travel restrictions is uncertain, and the plans to park 300 aircraft in 2021 and 200 in 2022 remain, though they may be adjusted [45][46] Question: How does the company view its net debt position and potential asset sales? - Management stated that they are not forced into fire sales and are exploring options for Lufthansa Technik, including a minority IPO or strategic partnerships [50][53] Question: What is the outlook for business travel and cash flow in 2021? - Management expects business travel to recover slower than leisure travel, with cash flow turning positive in parts of 2021 but not for the entire year [56][100] Question: Can you elaborate on the labor situation and restructuring costs? - Management confirmed an agreement with cabin crew but indicated challenges with cockpit negotiations, leading to potential involuntary layoffs [64][66] Question: How is the company managing working capital and refunds? - Management highlighted successful collection of receivables and the need to process refunds, with a significant amount expected to be paid out in the near future [80][94]

Financial Performance & Impact of COVID-19 - Q2 2020 passenger numbers decreased by 99%[4], reflecting the near-complete standstill of business for Network Airlines[5] - Network Airlines experienced a 95.5% decrease in ASK (Available Seat Kilometers) and a 34.2 percentage points decrease in SLF (Seat Load Factor)[5] - Eurowings saw a 95% reduction in ASK and a 77 percentage points decrease in SLF during Q2 2020[9] - Adjusted EBIT declined by 90% in the first half of the year for Eurowings[10] - Lufthansa Group revenues decreased by 80.2% in Q2 2020 to EUR 1.894 billion[44] - The Group reported a net loss of EUR 1.493 billion for Q2 2020 and EUR 3.617 billion for the first 6 months[44] Cost Reduction & Cash Management - Airline fixed cash costs were reduced by 34% through measures like short-time work and project cancellations[11] - The Group's average monthly operating cash burn was approximately EUR 550 million in Q2 2020[11] - Gross investments decreased by 53%, with investments expected to be around EUR 1.3 billion in 2020 and a similar level in 2021[18] Restructuring & Future Outlook - The company aims to restore half of its capacity by year-end[37] - The company is targeting a 15% productivity increase to reach 2019 ASK levels by 2023[32] - The company plans to reduce its fleet by 100 aircraft and restructure its corporate headquarters[32]