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1、InvestorPresentationMarch2009AConfidentialPresentationSeniorManagementTeam°RupertDuchesnePresident&ChiefExecutiveOfficer°DavidAdamsExecutiveVicePresident&ChiefFinancialOfficer°PatriciaMoranHeadofInvestorRelations2GROUPEAEROPLANForward-LookingStatementsCertainstatements
2、inthispresentationmaycontainforward-lookingstatements.Theseforward-lookingstatementsareidentifiedbytheuseoftermsandphrasessuchas"anticipate","believe","could","estimate","expect","intend","may","plan","predict","project","will","would",andsimilartermsandphrases,includi
3、ngreferencestoassumptions.Suchstatementsmayinvolvebutarenotlimitedtocommentswithrespecttostrategies,expectations,plannedoperationsorfutureactions.Forward-lookingstatements,bytheirnature,arebasedonassumptionsandaresubjecttoimportantrisksanduncertainties.Anyforecastsorfo
4、rward-lookingpredictionsorstatementscannotbereliedupondueto,amongstotherthings,changingexternaleventsandgeneraluncertaintiesofthebusinessanditscorporatestructure.Resultsindicatedinforward-lookingstatementsmaydiffermateriallyfromactualresultsforanumberofreasons,includin
5、gwithoutlimitation,dependencyontopfourcommercialpartnersthatpurchaseloyaltymarketingservices,includingAeroplanMiles,AirCanadaortravelindustrydisruptions,AirCanadaliquidityissues,airlinesindustrychangesandincreasedairlinecosts,reductioninactivity,usageandaccumulationofA
6、eroplanMiles,retailmarket/economicdownturn,greaterthanexpectedredemptionsforrewards,industrycompetition,supplyandcapacitycosts,unfundedfutureredemptioncosts,failuretosafeguarddatabasesandconsumerprivacy,consumerprivacylegislation,changestotheAeroplanandNectarPrograms,s
7、easonalnatureofthebusiness,otherfactorsandpriorperformance,regulatorymatters,VATappealrelianceonkeypersonnel,labourrelationsandpensionliability,technologicaldisruptionsandinabilitytousethirdpartysoftware,failuretoprotectintellectualpropertyrights,currencyfluctuations,i
8、nterestrateandcurrencyfluctuations,leverageandrestrictivecovenantsincurrentandfutureindebtedness,dilutionofGroupeAero