FY2022/23 Full-Year Financial Results Analyst & Media Briefing

Thank you,Mr Goh. Before I invite the gentlemen up on stage, we wi ll go through the house rule s . If you are keen to ask a question, just raise your hand and I wi ll come to you. If I could please request, we ha ve quite a lot of people here today and online as well. If you could just keep to one question each, that will be great. J oining Mr Goh and Mr Tan Kai Ping up on stage will be Mr Lee Lik Hsin, wh o i s Executive Vice President Commercial, as well as Mr Mak Swee Wah, who is Executive Vice President Operations. Fir st question, maybe the gentlemen there raising your hand, and then followed by Greg, please. Thank you.

Hi, good morning. Congratulations on this great set of results. I a m Jason from DBS . Two questions from me. F irst ly, SIA is n o t encountering the same aircraft constraints that are preventing airlines in the region from reinstating capacity. Despite this, the pace of capacity addition appears to be quite measured. Could you provide some insi ght into the capacity guidance for the first half of FY 2023/ 24? The s econd question is that unit cost has declined or been largely stable across most cost categories apart from staff cost . C ould you provide some colo ur on why staff cost outpace d the slight increase in total head count to rise above pre -pandemic levels in the second half of FY 2022/ 23? Thank you.

I w ill take the question on capacity guidance. We are reaching approximately 80% of our capacity as of the end of this financial year, which is March 2023. W e intend to continue increas ing our capacity,reaching almost 90% by the end of the new financial year, wh ich is March 2024.

On the q uestion on staff cost, t here are two effects that you may not see in the coming financial year,depending on how we do. One is that a big part of the staff cost increase this year is because of the bonus provision. Our bonus provision for staff is contracted more or les s linearly with the performance of the company. W ith the record performance, you see a corresponding increase in the provision of staff bonus . The other, if you compare with the pandemic years,will be the impact of g overnment grants that were there in the pandemic years,but no longer going forward.

Hello, Greg Waldron from FlightGlobal. C ongrat ulation s on the great performance. My question is regard ing Scoot. What has been the impact on the A320 n eo fleet with the PW1000 issues by Pratt & Whitney ? If there are issues, does that lead to Scoot potentially extending leases on the A3 20 ceo fleet?

Our Scoot CEO is here. Leslie, you can take th at question .

Good morning, Greg, and thank you for the question. First of all, the GTF engine on the A 320neo,based on what our CEO has mentioned, we are able to add a lot of capacity in the past 12 months . This means that we do not face major issues on the GTF, and we are planning to add more capacit y going forward as well. At the moment, we do not plan to extend the lease of the A 320 ceos .We are still planning to retire our whole fleet of A ceos by the end of 2025.