Growth and Success World Tourism Forum Lucerne, 13 April 2011

James Hogan, Chief Executive Officer

Etihad Airways plays an integral part of Abu Dhabis future

Culture and Sporting Events Etihad Airways

International Business

Abu Dhabi 2030 Plan

Airport Tourism Infrastructure Transport Infrastructure

KPIs of Abu Dhabis 2030 plan*

As part of this plan the Emirate expects the following to occur:
2007 2013 2020 2030

Abu Dhabi Residents (mill)

Tourist Visits (mill p.a.) Hotel Rooms (000s) Golf Courses Industry Space (mill sqm)

0.9
1.8 10 3 4.0

1.3
3.3 21 10 6.5

2.0
4.9 50 18 10.0

3.1
7.9 75 25 15.0

Retail Space (mill sqm)

Office Space (mill sqm)

0.9
1.4

1.5
2.5

2.5
3.5

4.0
7.5

* Plan Abu Dhabi 2030 Urban Structure Framework Plan

Abu Dhabi (1975)

Abu Dhabi now

Tourism Infrastructure
Emirates Palace (2005) Yas Island Ferrari Theme Park (2010) F1 Grand Prix Track (2009) Louvre Abu Dhabi (2012) Guggenheim (2012) Saadiyat Island Sir Baniyas Island (2008) Central Market Souk

Transport Infrastructure
T3 Abu Dhabi Airport (2009) Midfield Terminal Abu Dhabi Airport Urban transport system

International, Business & Education

International Renewable Energy Agency (IRENA) MASDAR City carbon neutral/zero waste city, a world first General Electric Italian Ship yard New York Film Academy

National Rail Network Taweelah Port Road infrastructure, tunnel and bridges

Qasr Al Sarab Liwa Desert Resort (6 star)

Sorbonne University (2006) Airbus & Mubadala Aerospace Al Ain (2009) Mubadala & Rolls Royce maintenance JV in Abu Dhabi (2009) Largest IKEA store in the Middle East on Yas Island`

Geography and technology

ULTRA LONG-HAUL

MEDIUM-HAUL
LONG-HAUL
Toronto Chicago New York Dallas Frankfurt London Paris Milan Madrid Casablanca Moscow Minsk Istanbul Cairo Jeddah Khartoum

SHORT-HAUL

Astana

Beijing
Seoul

San Francisco Los Angeles

Tehran Damascus

Shanghai

Tokyo

Abu Dhabi
Mumbai

Katmandu

Hong Kong Manila

Guangzhou

Bangkok

Lagos
Nairobi

Colombo Jakarta

Rio de Janeiro So Paulo Buenos Aires

Johannesburg Cape town

Perth

Sydney Melbourne

What matters?
Growth
- Achieve critical mass - Leverage economies of scale

Flexibility Diversification

(Etihad) has achieved similar passenger volume in less than half the time of major competitors
Passenger Growth Etihad vs. Emirates vs. Qatar Airways

1) Etihad data 2) Literature for 2006, 2007 and 2008 data, interpolation from starting of operation 3) Emirates data from 1997 to 2010, interpolation from 1985 to 1997 Source: Airlines annual reports, Booz & Company analysis

Awards and recognition

WORLD'S BEST FIRST CLASS BEST FIRST CLASS AIRLINE SEAT BEST FIRST CLASS ONBOARD
CATERING Cabin First Business Economy 2009 Ranking 7th 4th 9th 2010 Ranking 2nd 3rd 6th

2008 to 2011 capacity and cask (fils/ask)

ASK 'm
55,000 50,000

Fils/ASK
40.0 35.0 30.0

45,000
40,000

22% reduction over 2008 CASK

25.0
35,000 30,000 25,000

20.0 15.0 10.0

20,000

2008
ASK

2009
CASK (all)

2010
CASK (excl fuel)

2011

Forecast Passenger Fleet at 2020

Cathay

Etihad

Qatar

British Airways

Lufthansa

Emirates

Air France/KLM

United

American

Delta

Forecast passenger fleet based on announced orders, assumed growth rates and retirement policies

Fleet flexibility
Options Purchase rights Type substitution 200 Aircraft >15% Growth 152 Aircraft 12.5% Growth

100 Aircraft <10% Growth

Slide and assignment rights Accelerate retirement plan Not extend leases Type substitution

51 Aircraft

(excl Freighters)

2011

2020

Fleet flexibility A380 & B787 delay

Delay in A380 & B787
12.5% CAGR

Type swap

Exit of leased aircraft

Retirement of older aircraft Options - B777s Type swap - B777 A320 delivery acceleration Extension of leases Slide Rights in order

Delay in A380 & B787

2011

2012

2013

2014

2015

2016

Enriched business model

Mandates
Contribute to Abu Dhabi 2030 Be Worlds Best Airline Be Profitable

Passenger Air Transport

Distribution
(in partnership with AD entities)

Air Cargo Operations

Abu Dhabi Hub Operations

New Abu Dhabi Aviation, Travel and Aerospace Governance Model

Etihad 2020 projections

Etihad Airways will be a major global business 25 million passengers a year Up to 100 major business and leisure destinations 27,000 employees 155 aircraft (without exercising options or purchase rights)
Profitable and sustainable