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TUI GROUP PRE - CLOSE TRADING UPDATE 22 September 2026 TUI BLUE Samaya, Egypt
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Alerts Alert Bright 243.203.71 Alert Light 255.239.189 Alert Deep 243.147.0 Sustainability Light 197.228.205 Sustainability Bright 48.182.117 Sustainability Deep 5.66.61 Extended Palette Primary colours • Use TUITypeLight for body copy, Ambit Bold for Headlines • Font size 14pt • Line spacing 6 pt • Titles in TUI-Deep Blue • Bullet points & standard text in TUI- Deep Blue Conventions New TUI Energy Blue 53.103.246 New TUI-Deep Blue 27.17.92 TUI Sky Blue 112.203.244 TUI Red 212.14.20 HAPAG - LLOYD Hanseatic Nature, Antarctica TUI MUSEMENT CRUISES HOTELS & RESORTS HEX – Strong u nderlying demand in uncertain geopolitical environment Experiences Sold Avail. Bed Nights 2 Ave. Daily Rate 2 Occupancy 2 Avail. Pax Cruise Days Ave. Daily Rate Occupancy Transfers +2% +0%pts +12% FY26 Q4 YoY +4% -2%pts +1% +low-/mid- single-digit% In line with Markets + Airline TRADING UPDATE 1 1 2026 trading data as of 13 September 2026 compared to 2025 trading data | 2 Based on Group-owned and -leased hotels2 +2% -6%pts +17% FY27 H1 YoY +1% -2%pts +7% n.m. In line with Markets + Airline Later sale of revised MS Flow itineraries due to Iran war, improving week by week
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Alerts Alert Bright 243.203.71 Alert Light 255.239.189 Alert Deep 243.147.0 Sustainability Light 197.228.205 Sustainability Bright 48.182.117 Sustainability Deep 5.66.61 Extended Palette Primary colours • Use TUITypeLight for body copy, Ambit Bold for Headlines • Font size 14pt • Line spacing 6 pt • Titles in TUI-Deep Blue • Bullet points & standard text in TUI- Deep Blue Conventions New TUI Energy Blue 53.103.246 New TUI-Deep Blue 27.17.92 TUI Sky Blue 112.203.244 TUI Red 212.14.20 +2% Booked Revenue W26/27 vs. W25/26 S26 vs. S25 M+A – S26 with improved booking momentum; W26/27 reflects continued later booking trend 3 1 Bookings as of 13 September 2026. Bookings relate to all customers whether risk or non-risk S26 W26/27 S27 EURO 93% 77% 43% USD 89% 82% 50% FUEL 98% 63% 39% HEDGED POSITION ROBINSON Khao Lak, Thailand -5% o/w UK -7% o/w GER -2% Season to date TRADING UPDATE 1 -7% o/w UK -9% o/w GER -4% Last 4 weeks TRADING COMMENTS • S26 booked revenue improved throughout the season, up a further +1%pt since our last update, supported by encouraging momentum across all markets • Demand still focused on Summer; early W26/27 indications point to a continuation of the later booking trend amid ongoing geopolitical & economic uncertainty • Booked revenue now in line with reduced risk capacity for S26; disciplined capacity management maintained in W26/27 • ASPs continue to hold up well -1%
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FY26 Und. EBIT Guidance at constant currency tightened FY26e 1 FY25 Guidance remains suspended Expect Und. EBIT of €1.2bn to €1.3bn (prior: €1.1bn to €1.4bn) Revenue Underlying EBIT €24,179m €1,413m 4 1 Based on constant currency; the guidance reflects current trading conditions for the summer season and assumes no material escalation in geopolitical tensions, and that fuel supplies can be maintained MS Europa ROBINSON Khao Lak TUI Musement Mountainbike Tour Boeing 737 MAX
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€ 1,413 m €735m €481m €67m € 200 m Expect Und. EBIT of €1.2bn to €1.3bn (prior: €1.1bn to €1.4bn) GROUP ➢ Slightly below prior year Jamaica hurricane ( - €15m) & softer demand for Mexico offsetting our strategic growth initiatives ➢ Slight growth Strong demand and annualisation of MS Relax & new MS Flow against non - repeat of positive FY25 Marella ship valuation & impact from Iran war ( - €40m) HOTELS & RESORTS CRUISES ➢ Strong growth Growth in Experiences and leveraging operational efficiencies – expect l ow double - digit % Und. EBIT growth TUI MUSEMENT ➢ Below prior year Uncertain geopolitical environment driving consumer caution & bookings closer to departure incl. impact from Iran war/Jamaica ( - €26m), while we expect further progress on transformation MARKETS + AIRLINE FY26 Und. EBIT Guidance at constant currency tightened FY26e 1 FY25 5 1 Based on constant currency; the guidance reflects current trading conditions for the summer season and assumes no material escalation in geopolitical tensions, and that fuel supplies can be maintained
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- € 810 m to - €830m (prior: lower end of - €860m to - €900m) Net Investments 3 - € 676 m Increase Net Debt €1,305m FY26 Modelling Assumptions reaffirmed FY26e 1 FY25 - € 70 m to - € 90 m Adjustments (incl. PPA) 2 - €44m Strong improvement Broadly stable Leases & Asset Financing - €595m €3,089m CF B/S CF B/S P&L - €325m to - €350m (expect lower end) - €240m to - €255m (expect lower end) Net Interest - €335m - €244m P&L CF 6 1 Based on constant currency; the guidance reflects current trading conditions for the summer season and assumes no material escalation in geopolitical tensions, and that fuel supplies can be maintained | 2 Adjustments include goodwill impairment and SDIs | 3 Subject to clarification of Boeing aircraft delivery schedule and the consequent pre-delivery payment (PDPs) schedule