Warsaw, 7 May 2012

PRESENTATION FOR SHAREHOLDERS

PRESENTATION FOR SHAREHOLDERS CONSOLIDATED FINANCIAL INFORMATION FOR 3Q 2013

14 November, 2013

1

ASG Group’s Achievements in 3Q 2013

ASG Group’s Structure / Areas of Activity

ASG Group’s Financial Results in 3Q 2013

ASG Group’s Revenue, Net Profit

Sales / Gross Profit Breakdown by Business Segments

Consolidated Balance Sheets

ASG Group’s Cash Flows and CAPEX

ASG Group’s Employees

ASG Share Price & Performance

ASG Shareholders

Content

ASG Group Achievements in 3Q 2013

Financial Parameters:

Increase in consolidated revenue from continuing operations by 3 % (9m 2013 vs 9m 2012) up to LTL 405 million;

Over LTL 28.8 million of net profit attributable to equity holders.

Realization of Strategic Projects:

On 29 March 2013, Avia Solutions Group AB sold 95.5 % of the share capital of Small Planet Airlines UAB (Lithuania) and Small Planet Airlines Sp.z.o.o. (Poland) to the management of these companies Mr. Vytautas Kaikaris (65.5%) and Mr. Andrius Staniulis (30%).

2

ASG Group’s Structure / Areas of Activity

3

MRO segment GH & Fuelling Segment

Charter Operations Segment (discontinued operations)

Training Segment

ASG Group’s Structure: by companies

3

•Small Planet Airlines s.r.l. (35.5%)

•Small Planet Airlines UAB (sold on 29 March 2013)

•Small Planet Airlines Sp.z.o.o. (sold on 29 March 2013)

•Baltic Aviation Academy UAB (100%)

•AviationCV.com UAB (100%)

•Baltic Ground Services UAB (100%)

•Baltic Ground Services Sp.z.o.o (100%)

•Baltic Ground Services s.r.l. (100%)

•Baltic Ground Services TOV UA (100%)

•Ground Handling CIS UAB (100%)

• FL Technics AB (LT, 100%)

•FL Technics Jets UAB (LT, 100%)

•Locatory.com UAB (LT, 95%)

•FL Technics Line OOO (RU, 93%)

•Storm Aviation Ltd. (UK, 100%)

•Storm Aviation Cyprus Ltd. (CY, 100%)

•FL Technics Ulyanovsk OOO (RU, 99%)

•FLT Trading House UAB (LT, 100%)

MRO SEGMENT (8 companies)

GH & Fuelling Segment (5 companies)

Charter

Operations Segment (discontinued operations)

Training Segment

(2 companies)

ASG Group’s Financial Results in 3Q 2013

3

3Q 2013 3Q 2012 Change (3Q 2013 vs 3Q

2012) LTL thousands (except margins & EPS & numbers of shares)

144 319 145 036 -0.5% Revenue from continuing operations

19 726 21 248 -7.2% Gross profit from continuing operations

13.7% 14.7% -1 pp Gross profit margin (%)

10 707 15 350 -30.2% EBITDA from continuing operations

7.4% 10.6% -3.2 pp EBITDA margin (%)

7 029 11 405 -38.4% Operating profit from continuing operations

4.9% 7.9% -3 pp Operating profit margin (%)

6 099 11 273 -45.9% Profit before income tax from continuing operations

5 070 8 678 -41.6% Net profit for the period from continuing operations

3.5% 6.0% -2.5 pp Net profit or the period from continuing operations margin (%)

- 8 463 - Net profit for the period from discontinued operations

5 070 17 141 -70.4% Net profit for the period

5 064 16 823 -69.9% Net profit attributable to equity holders

3.5% 11.6% -8.1 pp Net profit attributable to equity holders margin (%)

0.859 1.475 -41.7% EPS (LTL)

10 210 7 102 +43.8 CAPEX (additions of PPE and intangible assets)

14 111 15 140 -6.8% Net cash at the end of period

5 893 5 893 - Weighted average number of ordinary shares (thousand)

9m 2013 9m 2012 Change (9m 2013 vs 9m

2012)

405 107 392 226 +3.3%

54 489 57 613 -5.4%

13.5% 14.7% -1.2 pp

29 281 37 401 -21.7%

7.2% 9.5% -2.3 pp

19 656 31 837 -38.3%

4.9% 8.1% -3.2 pp

16 648 30 501 -45.4%

14 374 24 572 -41.5%

3.5% 6.3% -2,8 pp

14 204 4 269 +232.7%

28 578 28 572 +0%

28 810 28 476 +1.2%

7.1% 7.3% -0.2 pp

2.441 4.130 -40.9%

22 712 20 475 +10.9%

14 111 15 140 -6.8%

5 893 5 893 -

ASG Group’s Revenue, Net Profit -1

6

Net Profitability

50

69

74

98

106

141

145

144

123

138

144

8

7

4

3

6

10

9

2

5

4

5

0 40 80 120 160

1Q 2011

2Q 2011

3Q 2011

4Q2011

1Q 2012

2Q 2012

3Q 2012

4Q 2012

1Q 2013

2Q 2013

3Q 2013

Revenue from continuing operations (mln LTL)

Net profit from continuing operations (mln LTL)

3.5%

7

ASG Group’s Revenue, Net Profit -2*

72

78

73

79

71

76

63

56

35

38

33

66

51

44

59

68

58

35

35

34

25

11

6

9

6

6

6

7

8

7

5

6

6

2013 Q3

2013 Q2

2013 Q1

2012 Q4

2012 Q3

2012 Q2

2012 Q1

2011 Q4

2011 Q3

2011 Q2

2011 Q1

MRO Segment

GH & Fuelling Segment

Training Segment

Group’s revenue is influenced by seasonal movements on both summer and winter periods: the highest growth comes in summer-season (June-September) from aircraft ground handling and fuelling segment, and in the winter-season (October-April) increase in aircraft maintenance, repair and overhaul (MRO) and crew training segment.

* - from continuing operations

8

Consolidated Income Statements (quarterly)

8

* Segments’ share in Sales and Gross Profit calculated based on total Sale/ Gross Profit value (including intercompany transactions)

Sales / Gross Profit Breakdown by Business Segments, 3Q 2013

Business Segments’ Revenue – Mix Change (mln LTL)

Business Segment’s Gross Profitability – Mix Change (mln LTL)

78 88

6

0

25

50

75

100

MRO segment GH & Fuelling Segment Training Segment

2012 3Q

2013 3Q

14

5

1 0

5

10

15

9

Consolidated Income Statements (quarterly)

9

Operating Data by Business Segments, 3Q 2013

1Q 2013 1Q 2012 Change, %

2Q 2013 2Q 2012 Change, %

3Q 2013 3Q 2012 Change, %

Number of SOLD man-hours (base maintenance) 78 124 76 986 1.5 61 890 86 956 (28.8) 28 822 63 825 (54.8)

Number of SOLD man-hours (engineering) 16 202 13 740 17.9 13 676 19 940 (31.4) 13 180 11 068 19.1

Number of SOLD man-hours (maintenance training) 787 1 788 (56.0) 1 636 1 651 (0.9) 2 590 731 254.3

Number of line stations (at the end of the period) 21 22 (4.5) 18 24 (25.0) 20 28 -8

Number of aircrafts served 1 481 2 403 (38.4) 2 386 3 198 (25.4) 3 332 2 563 30.0

Number of passengers served 217 960 299 918 (27.3) 384 799 467 841 (17.8) 539 965 441 611 22.3

Volume of fuel sold (tonnes) 12 224 9 267 31.9 15 984 16 079 (0.6) 19 548 19 771 (1.1)

TRTO - Number of sold theoretical training hours 1 362 1 856 (26.6) 2 831 3 712 (23.7) 2 127 1 629 30.6

TRTO - Number of sold practical training (FFS) hours 2 497 4 265 (41.4) 3 943 7 814 (49.5) 2 736 2 426 12.8

Operating Results

10

Consolidated Balance Sheets – 1

Net debt = Borrowings – Cash and cash equivalents

Return on equity (ROE) = Net profit for the period / Total equity

Return on assets (ROA) = Net profit for the period / Total assets

Equity ratio = Total equity / Total assets

Gearing ratio = Net debt / (Net debt + Total equity)

30-09-2013 31-12-2012 30-09-2013 vs

31-12-2012 LTL thousand

323 607 299 295 +8.1% Total assets

14 111 8 913 +58.3% Cash and cash equivalents

108 417 97 313 +11.4% Trade receivables

144 834 113 595 +27.5% Total equity

83 952 73 741 +13.8% Borrowings

69 841 64 828 +7.7% Net debt

1.62 1.49 +0.13 pp Liquidity risk

4.4%9M 6.4%YEAR - Return on assets (ROA), %

9.9%9M 16.8%YEAR - Return on equity (ROE), %

44.8% 38.0% +6.8 pp Equity ratio, % 32.5% 36.3% -3.8 pp Gearing ratio, %

11

Consolidated Balance Sheets – 2

30-09-2013 31-12-2012 30-09-2013 vs

31-12-2012 LTL thousand

323 607 299 295 +8.1% Total assets 14 111 8 913 +58.3% Cash and cash equivalents

108 417 97 313 +11.4% Trade receivables

144 834 113 595 +27.5% Total equity

83 952 73 741 +13.8% Borrowings

69 841 64 828 +7.7% Net debt

1.62 1.49 +0.13 pp Liquidity risk

4.4%9M 6.4%YEAR - Return on assets (ROA), %

9.9%9M 16.8%YEAR - Return on equity (ROE), %

44.8% 38.0% +6.8 pp Equity ratio, %

32.5% 36.3% -3.8 pp Gearing ratio, %

34%

30%

23% 4% 4%

3% 2%

0%

Trade and other receivables

Inventories

Property, plant and equipment

Cash and cash equivalents

Amount due from customers for contract work

Deferred income tax assets

Intangible assets

Prepaid income tax

12

Consolidated Balance Sheets – 3

30-09-2013 31-12-2012 30-09-2013 vs

31-12-2012 LTL thousand

323 607 299 295 +8.1% Total assets

14 111 8 913 +58.3% Cash and cash equivalents

108 417 97 313 +11.4% Trade receivables 144 834 113 595 +27.5% Total equity

83 952 73 741 +13.8% Borrowings

69 841 64 828 +7.7% Net debt

1.62 1.49 +0.13 pp Liquidity risk

4.4%9M 6.4%YEAR - Return on assets (ROA), %

9.9%9M 16.8%YEAR - Return on equity (ROE), %

44.8% 38.0% +6.8 pp Equity ratio, %

32.5% 36.3% -3.8 pp Gearing ratio, %

62%

24%

8% 6%

Aircraft maintenance, repair and overhaul (MRO)

Aircraft ground handling and fualling

Unallocated

Pilot and cre training

13

Consolidated Balance Sheets – 4

30-09-2013 31-12-2012 30-09-2013 vs

31-12-2012 LTL thousand

323 607 299 295 +8.1% Total assets

14 111 8 913 +58.3% Cash and cash equivalents

108 417 97 313 +11.4% Trade receivables

144 834 113 595 +27.5% Total equity

83 952 73 741 +13.8% Borrowings 69 841 64 828 +7.7% Net debt

1.62 1.49 +0.13 pp Liquidity risk

4.4%9M 6.4%YEAR - Return on assets (ROA), %

9.9%9M 16.8%YEAR - Return on equity (ROE), %

44.8% 38.0% +6.8 pp Equity ratio, %

32.5% 36.3% -3.8 pp Gearing ratio, %

87%

13%

0%

0%

Bank borrowings

Finance lease liabilities

Borrowings from other related parties

Other borrowings

14

Consolidated Balance Sheets – 5

30-09-2013 31-12-2012 30-09-2013 vs

31-12-2012 LTL thousand

323 607 299 295 +8.1% Total assets

14 111 8 913 +58.3% Cash and cash equivalents

108 417 97 313 +11.4% Trade receivables

144 834 113 595 +27.5% Total equity

83 952 73 741 +13.8% Borrowings 69 841 64 828 +7.7% Net debt

1.62 1.49 +0.13 pp Liquidity risk

4.4%9M 6.4%YEAR - Return on assets (ROA), %

9.9%9M 16.8%YEAR - Return on equity (ROE), %

44.8% 38.0% +6.8 pp Equity ratio, %

32.5% 36.3% -3.8 pp Gearing ratio, %

69%

26%

0% 5%

Aircraft maintenance, repair and overhaul (MRO)

Aircraft ground handling and fuelling

Unallocated

Pilot and crew training

15

ASG Group’s Cash Flows & CAPEX

Net cash at the end of period (LTL million)*

Capital Expenditure (CAPEX, LTL million)

* - Bank overdrafts are subtracted from net cash and cash equivalents at the end of period

15

13

15 15

9 10 10

14

0

5

10

15

31-12-2011 31-03-2012 30-06-2012 30-09-2012 31-12-2012 31-03-2012 30-06-2013 30-09-2013

32

7 7 7

32

6 7 10

0

5

10

15

20

25

30

35

Y2011 Q1 2012 Q2 2012 Q3 2012 Y2012 Q1 2013 Q2 2013 Q3 2013

16

ASG Group’s Employees

Number of full-time employees at the end of period

579

711

865

856

919

939

929

951

972

1022

1051

31-03-2011

30-06-2011

30-09-2011

31-12-2011

31-03-2012

30-06-2012

30-09-2012

31-12-2012

31-03-2012

30-06-2013

30-09-2013

59%

30%

7%

4%

MRO

GH

Training

Unallocated

Breakdown of the Group’s employees by business segments (30-09-2013)

17

ASG vs WIG (from 01-01-2013 till 30-09-2013)

02-01-2013: 60.50

High: 75.00

Low: 46.00

26-09-2013: 60.00

Prices in PLN

ASG Share Price & Performance

18

Distribution of ASG Shareholders as at 16 August 2013:

ASG Shareholders

On 3 March 2011 shares of the Avia Solutions Group AB were introduced to trading at Warsaw Stock Exchange (code: AVIASG).

The authorised capital of the Company is divided into 5 893 333 ordinary shares with a par value of LTL 1 each.

Part of shares and votes

Amount of shares and votes 14-11-2013 31-12-2012 14-11-2013 31-12-2012

32.91% 32.91% ZIA Valda Cyprus Ltd. 1,939,275 1,939,275

21.89% 21.94% Indeco: Investment and Development UAB 1,289,850 1,292,850

10.33% 10.33% Harberin Enterprises Limited 609,051 609,051

6.62% 6.62% ING Otwarty Fundusz Emerytalny 390,000 390,000

28.25% 28.20% Other 1,665,157 1,662,157

100.00% 100.00% Total 5,893,333 5,893,333

32,91%

21,89% 10,33% 6,62%

28,20%

ZIA Valda Cyprus Ltd.

Indeco: Investment and Development UAB

Harberin Enterprises Limited

ING Otwarty Fundusz Emerytalny

Other

Thank You For Your Attention www.AviaSG.com/InvestorRelations