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Very good morning, everyone, and welcome to North Atlantic's Q4 2024 presentation. My name is Bjorn Tore Larsen. I'm the CEO of the company, and we'll present our Q4 results together with our CFO, Anders Jolmos. So a few highlights from today. The last quarter, we have definitely turned the tide in many ways, and we were able to achieve a load factor over the quarter of 92%, which is an increase of 22%. So it's a considerable improvement in terms of filling the cabins. We also increased activity somewhat, about 15% compared to last year. And the number of passengers went up by almost 50%, 46%. Revenues also went up considerably, 30%, $223 million. And the revenue per available seat kilometer went up by 23%. We had a net loss of $35 million in the quarter, which is a $30 million improvement year on year compared Very good morning, everyone, and welcome to North Atlantic's Q4 2024 presentation. My name is Bjorn Tore Larsen. I'm the CEO of the company, and I will present our Q4 results together with our CFO, Anders Hjulmås. So a few highlights from 2020. The last quarter, we have definitely turned the tide in many ways, and we were able to achieve a load factor over the quarter of 92%, which is an increase of 22%. So it's a considerable improvement in terms of filling the cabins. We also increased activity somewhat, about 15% compared to last year. And the number of passengers went up by almost 50%, 46%. Revenues also went up considerably, 30%, $223 million. And the revenue per available seat kilometer went up by 23%. We had a net loss of $35 million in the quarter, which is a $30 million improvement year on year compared to Q4 23. And December isolated also turned out a profit, which was the first winter month in our history where we were profitable. The quarter was somewhat impacted by heavy maintenance on some of our aircraft. We typically do maintenance in the low season, particularly October, November this year. We took four of our aircraft into heavy maintenance, which, number one, increased cost, but also reduced activity in the quarter. Apart from that, it was a normal quarter. Also, we had two aircraft that was allocated for a charter that started a bit late. So we had less utilization of our equipment than we typically would do in Q4. But overall, still, it is a significant improvement of what we had last year. End of quarter, we had a cash ROV of $23 million, which was not including the committed shareholder loan of $6.3 million. That was not drawn at the time, and it is still not drawn. Few topics about our strategic update as well. So as we have explained to our investors earlier, we signed an LOI with, at that time, an unnamed carrier for up to six aircraft in a long-term scenario. charter contract we earlier this month announced that we had signed the first aircraft and today we announced that we now yesterday last night signed additional three aircraft that will commence operation the first one in March first of March in other words this coming Saturday and the remaining three will be in the second half of this year so these are contracts to a very large airline in India called Indigo they are the largest airline in

India, they have 62% market share, flying regionally mostly, domestic and regional. and will now go into long-haul. And they will use our aircraft as foreign... ...for their own long-haul fleet. So it's a great...

with a great company that I think is both going to generate a secure revenue for about a third of our fleet for the next foreseeable future and at good levels.