AIRASIA X BERHAD

1 AIRASIA X BERHAD10TH ANNUAL GENERAL MEETING31stMAY 2016 POLLP ursuanttoArticle89oftheCompany sArticlesofAssociation,apollmaybedemande d:(1)bytheChairmanofthemeeting;or(2)byat least5 Membershavingtherighttovoteatthemeeting; or(3)byaMemberorMembersrepresentingatlea stone-tenthofthetotalvotingrightsofallth eMembershavingtherighttovoteatthemeeting ;or(4)byaMemberorMembersholdingsharescon ferringarighttovoteatthemeetingbeingshar esonwhichanaggregatesumhasbeenpaidupequa ltoatleastone-tenthofthetotalsumpaidonal lthesharesconferringthatright,andademand byapersonasproxyfororattorneyofaMember(w hetherindividual,corporateorotherwise)

2 X1Q2016 RESULTS & OUTLOOK1Q2016 PERFORMANCEANCILLARY PER PAX +7%YoY, boosted by higher consumptions for Australia and China marketsLOAD FACTOR +8%YoY despite higher BASE FARE of+31%YoYPAX CARRIED +15%YoY, surpassed new capacity injectedYIELDS RASK +17%YoY, not diluted althoughASKgrew +7%YoYNET GEARING improved to from (as at 31 Dec 2015)REVENUE +25%: Scheduled Flight Revenue (+51%YoY) and Ancillary Revenue (+23%YoY), backed by recovery in China and Australia marketsNET PROFIT ofRM179mil from a NET LOSS of RM126mil same quarter last yearTAAX posted NET PROFIT of USD5mil from NET LOSS of USD2mil in 4Q15 and NET PROFIT of USD3mil in 1Q15 FLY-THRU & SELF-CONNECTING+7%YoY to 49% in 1Q16 from 42% in 1Q15 of total passengers carried MARKETHASRATIONALIZEDANDBUSINESSHASSEENS IGNIFICANTRETURNACROSSALLROUTES.

3 2016 WILLFOCUSONGROWINGSCHEDULEDROUTESWHILERE DUCINGWETLEASEOPERATIONS,POISEDFORSTRONG ERGROWTHINTRAVELDEMANDFORCHINA,AUSTRALIA ,ANDOTHERHIGHYIELDMARKETS. TOREPLICATEAIRASIA SPROVENGROWTHSTRATEGY,WEWILLRESUME2016 BYBUILDINGMARKETDOMINANCEINCOREMARKETSTH ROUGH:-Frequencyincrease(mainlyAustralia andChina)-Newhighyieldroutes(NewDelhi,Au ckland,Tehran,andmore) BOOMINGCHINAMARKET:-Stronger-than-expect edtrafficfromChinatoSoutheastAsiaandAust ralia,ledustoincreasefrequencytomainciti es(BeijingandShanghai)whereChinesepopula tionsanddemandsarethehighest, +30%YoYincreaseinpassengerstraffic,withu psideofvisawaiverimplementedbyMalaysiang overnmentinMarch2016.

4 REBUILDINGAUSTRALIAMARKETSHARE:-Resuming doubledailyflightsforMelbourne,Sydney,an dPerthwhile11xweeklyforGoldCoast, ,India-Australia,NewZealand-Australia,an dAustralia-TehranonthebackofAustralia +40% OUTLOOK GROWINGFLY-THRUTRAFFIC:Withtheimprovedfl ighttimeforXIY,CTU,TPE,MELandtheactivati onof36newFly-Thrucitypairingsin1Q16,aswe llasthehugepotentialgrowthforChina-Austr alia,India-Australia,andAustralia-Tehran ,weexpectFly-Thrutraffictogrowatleast+20 %YoYin2016. POSITIVEFORWARDBOOKINGSTREND:Asat15thMay 2016, smomentumtocontinuein2016,onthebackof(i) marketrationalization,(ii)returningandri singtraveldemandespeciallyfortheexisting matureroutes,aswellas(iii)theintroductio nofhighyieldroutessuchasNewDelhi,Aucklan d,Tehran,andmoreinthepipeline.

5 FUELHEDGING:Wehavehedged100%ofourfuelreq uirementfortheremainingquarters(2 Qto4Q) THAIAIRASIAX:TAAX OUTLOOKAIRASIA XQUESTIONS FROM MSWG& ANSWERS FROM AAXQUESTION FROM FROMAAXIn2015,theCompanyhasembarkedonane xtensiveturnaroundprogramfocusingonthree keypillars:I. INSTITUTE A MORE DISCIPLINE COST STRUCTUREII. DRIVE EARNINGS GROWTHIII. BUILD CASHANSWER FROM :(a)NetworkConsolidation-terminateunprof itableroutesandoptimisecapacitywhileimpr ovepricing,(b)OperationsOptimization-ach ievingfuelefficiency,synergybetweenAirAs iaGroup,re-negotiatewithvendors,maximizi ngmanpower,and(c)IntroduceNewInnovations -ElectricFlightBagsthatwillbeusetoreplac ehardcopychartsonboard, FROM ,wehaveexpandedourfootprinttogreatpotent ialuntappedmarketstocapturenewtraveldema ndanddiversifiedourrevenue(collections)

6 ,wehaveintroducedfournewroutestounderser vedmarket,enablingaffordabletravelforMal aysianstoNewDelhi,Auckland,Tehranand,mos trecently, , , sstatements, ,whichweremeanttosaveupto14% FROM MSWGANSWER FROM MSWGANSWER ,Nagoya,Narita,Colombo, , , , , (DCA)feesandchargestoairlineoperatorswil lbeimplementedinstages withamaximumone-foldincrease .Theproposedincreaseinfeesandchargesincl udesusageofairspace,airtrafficfacilities andotherservicestotheairoperator scertificate(AOC)andthepilot FROM MSWGANSWER FROM ,TigerairAustralia,ThePhilippines CebuPacificanditssubsidiaryCebgo,SouthKo rea sJejuAir,VanillaAirofJapan,Thailand sNokAirandNokScootformedthe ValueAlliance , FROMAAXW ithourunprecedentedconnectivitywithAirAs iaGroup, ,especiallyforconnectingflights.

7 , FROM FROMAAXW earepleasedtoannouncethatweareinthefinal stageoftheapprovalprocessandweexpecttoco mmenceourservicetoHawaiiinFirstHalf2017, XSHAREHOLDERS BENEFIT PROGRAMMESHAREHOLDERS BENEFIT PROGRAMME Shareholders'BenefitProgrammewasintroduc edinconjunctionwithInitialPublicOffering (IPO)forshareholderswhohaveobtainedourin auguralsharesfromIPOandkeepingitfor3year sstarting10thJuly2013. Thisprogrammeisonlyapplicabletosharehold erswhosuccessfullysubscribedfororacquire dIPOshares(notthroughtheacquisitionofsha resfromtheopenmarket).

8 EntitlementforEligibleRetailShareholders whosuccessfullysubscribedandacquiredamin imumof10,000 IPOsharesandhaveheldonuptooursixannivers aries:Current Year First Year Anniversary10 July 2014 9 July 2015 Second Year Anniversary10 July 2015 9 July 2016 Third Year Anniversary 10 July 2016 9 July 2017 Fourth Year Anniversary10 July 2017 -9 July 2018 Fifth Year Anniversary10 July 2018 -9 July 2019 Sixth Year Anniversary 10 July 2019 -9 July 2020 SHAREHOLDERS BENEFIT PROGRAMME TheBenefit: ,000 99,999shares 1 ReturnFlightwithZeroBaseFaretoanyAirAsia Xdestinationforeachanniversary.

9 ,000sharesandabove How To Check Eligibility & Redeem Your Ticket Email us at or contact us at +603 8775 4680 (Monday Friday, 9am to 6pm) to redeem and provide the following details: Full Name as per your National Registration Identity Card ( NRIC ) Number NRIC Number/Passport Number BIG Card Number (if applicable) AIRASIA Member User ID (if applicable) Travel Destination Preferred Travel Date and TimeSHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH:(I) MEDIA THE STAR & OTHER NEWS OUTLETSHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH:(II) IPO PROSPECTUSD etails including terms & conditions of this Programme was published in our IPO prospectus Procedure and contacts to redeem the ticket was also stated in the prospectusSHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH.

10 (III) AAX WEBSITEP rocedure to redeem and contacts were also stated on our websiteSHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH:(IV) AAX ANNUAL REPORT 2013 SHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH:(V) AAX ANNUAL REPORT 2014 SHAREHOLDERS BENEFIT PROGRAMMEOFFICIALLY INTRODUCED & ANNOUNCED THROUGH:(VI) AAX ANNUAL REPORT 2015 AIRASIA XTHANK YOUAGM FREE TICKETTERMS & CONDITIONSD estination(selectone):Taipei,Perth,Melbo urne,Sydney,Osaka,Busan,Xi