International Consolidated Airlines Group (IAG) will update the market today (November 3, 2017) at its Capital Markets Day with the following key information:

Shareholder cash returns:

o IAG reinforces its strong equity free cash flow targets
o IAG has a strong balance sheet

Long-term planning goals for 2018-2022 include:

o Return on Invested Capital (real terms) targeting sustainable 15% (no change)
o An operating profit margin of 12% to 15% (no change)
o Average EPS growth of 12%+ per annum (no change)
o EBITDAR of approximately €6.5bn average per annum (compared to €5.3bn average per annum for 2016-2020 previously)
o Capex: average of €2.1bn per annum (compared to an average of €1.7bn per annum for 2016-2020 previously)
o Equity free-cash flow average of €2.5bn per annum (compared to an annual range of €1.5 to €2.5bn for 2016-2020 previously)
o ASK growth of approximately 5% per annum (compared to approximately 3% per annum for 2016-2020 previously)
o Gearing to be in the investment grade zone (no change)

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.