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IAG Capital Markets Day 2013
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INTERNATIONAL AIRLINES GROUP CAPITAL MARKETS DAY

At its Capital Markets Day today (November 15, 2013) IAG will update the market with the following information:

·         IAG is targeting a €1.8 billion operating profit in 2015, up from €1.6 billion through:

o    Impact of Vueling integration and performance              

o    Improved margins in British Airways increasing the 2015 operating profit target from £1.1 billion to £1.3 billion

o    Iberia recovery plan on track with improvement expected

o    Additional contribution coming from British Airways and Vueling growth

·         Aiming for a level of EPS ≥ €0.54 (RoIC ≥ 12 per cent)

·         Keeping 2015 leverage at around 55 per cent (pre IAS19)

·         Heading for a business model that could sustain organic growth levels of 2-3 per cent (excluding Vueling) beyond 2015

o    Assuming capex of €2.0 - €2.2 billion per year               

o    Providing market level returns for our shareholders

 

 The presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0900 GMT/1000 CET.