Copa Holdings, S.A. (CPA) Analyst/Investor Day December 11, 2025 11:00 AM EST

Company Participants

Daniel Tapia Pedro Heilbron - CEO & Executive Chairman Robert Carey - Executive Vice-President Daniel Paul Gunn - Senior Vice-President of Operations Peter Donkersloot Ponce - Chief Financial Officer Stanley Motta

Conference Call Participants

Michael Linenberg - Deutsche Bank AG, Research Division Pablo Monsivais - Barclays Bank PLC, Research Division Daniel McKenzie - Seaport Research Partners Jens Spiess - Morgan Stanley, Research Division Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division Filipe Ferreira Nielsen - Citigroup Inc., Research Division Alberto Valerio - UBS Investment Bank, Research Division Savanthi Syth - Raymond James & Associates, Inc., Research Division Felipe Chapman

Conversation

Daniel Tapia

Good morning, ladies and gentlemen. First of all, thank you for coming. Thank you for joining us today on our 2025 Investor Day. So it is a pleasure to have you here. I see a lot of familiar faces. But for those who don’t know me, I’m Daniel Tapia, Director of Investor Relations for Copa. And before we begin, I would like to extend a very warm welcome and special thanks to our distinguished guests that are joining us today. We are honored to welcome the Minister of Economy and Finance of Panama, Mr. Felipe Chapman, who will be providing a special presentation during our lunch session.

Mr. Chapman is joined today by his spouse, recognized business woman, Mrs. Monica Garcia de Paredes de Chapman. We also welcome the Vice Minister of Economy of Panama, Ms. Eida Saiz. And I also want to welcome and acknowledge members of Copa Holdings leadership, members of our Board of Directors and valued shareholders, Mr. Stanley Motta and Mr. Carlos Alberto Motta. Before we start, please refer – well, let me show a video of the – to start the event.

[Presentation]

Daniel Tapia

So before we

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