Annual Report 2021

Reporting Framework & Guidelines This report has been prepared based on Bursa Malaysia Securities Berhad (Bursa Malaysia)’s Main Market Listing Requirements with guidance from its Sustainability Reporting Guide (2nd Edition). We have also prepared this report in accordance with the Global Reporting Initiative (GRI) Standards: Core Option. By incorporating GRI Standards, this report meets the GRI principles of stakeholder inclusiveness, sustainability context, materiality and completeness. Other frameworks and guidelines taken into consideration include: • FTSE4Good Bursa Malaysia (F4GBM) Index • Dow Jones Sustainability Index (DJSI) • Task Force on Climate-related Financial Disclosures (TCFD) • United Nations’ Sustainable Development Goals (UN SDGs) Reporting Scope and Boundaries This report covers the sustainability performance of Capital A and its subsidiary companies from 1 January 2021 to 31 December 2021, unless stated otherwise. Throughout the report, ‘the Group’ refers to Capital A while each subsidiary is referred to by its own name, and the airlines collectively are referred to as ‘AirAsia’. Disclosures in this report cover AirAsia Malaysia (MAA), AirAsia Indonesia (IAA), AirAsia Philippines (PAA), airasia Super App, Teleport and BigPay, unless stated otherwise. All monetary values reported in this report are expressed in Ringgit Malaysia (RM), consistent with the Malaysian Financial Reporting Standards. Forward-Looking Statements This report contains forward-looking statements which reflect the Group’s expectation of future value creation as well as financial and non-financial performance. Such forward-looking statements involve known and unknown risks, and are therefore uncertain in nature. This could result in actual results differing from those stated in the forward-looking statements. Assurance To ensure the accuracy and integrity of our disclosures, this report has been reviewed by the Sustainability Working Group (SWG) across Capital A, and validated by the Board of Directors and Risk Management and Sustainability Committee. Moving forward, we aim to obtain external assurance of our sustainability statement. Contact Us Feedback from our stakeholders is valuable to us to continually improve our reporting. We therefore welcome any feedback or comments and request that stakeholders direct these to the following email: sustainability@airasia.com Capital A Berhad is pleased to present our annual Sustainability Statement, which provides an overview of our economic, environmental and social (EES) approach, performance and achievements for the year 2021. This follows from our previous Sustainability Statement for the year ended 31 December 2020. Over the past three years, sustainability reporting has become a fundamental component for us to demonstrate our ability to manage sustainability risks and opportunities, and create value for our stakeholders. This year, we strengthened our commitment through an in-depth materiality exercise and by addressing identified gaps of our sustainability performance with relevant sustainability indices. About This Report Introduction S U S T A I N A B I L I T Y S T A T E M E N T A N N U A L R E P O R T 2 0 2 1 0 9 7

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