#1Triumph Group Investor Overview August 2021 AELS O#2Forward Looking Statements Triumph Group This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "project", "may", "will", "should", "could", or similar words suggesting future outcomes or outlooks. These forward-looking statements include, but are not limited to, statements of expectations of or assumptions about strategic actions, objectives, expectations, intentions, aerospace market conditions, aircraft production rates, financial and operational performance, revenue and earnings growth and profitability and earnings results. These statements are based on the current projections, expectations and beliefs of Triumph's management. These forward looking statements involve known and unknown risks, uncertainties and other factors which could cause actual results to differ materially from any expected future results, performance or achievements, including, but not limited to, competitive and cyclical factors relating to the aerospace industry, dependence on some of Triumph's business from key customers, requirements of capital, uncertainties relating to the integration of acquired businesses, general economic conditions affecting Triumph's business segments, product liabilities in excess of insurance, technological developments, limited availability of raw materials or skilled personnel, changes in governmental regulation and oversight and international hostilities and terrorism. Further information regarding the important factors that could cause actual results, performance or achievements to differ from those expressed in any forward looking statements can be found in Triumph's reports filed with the SEC, including in the risk factors described in Triumph's Annual Report on Form 10-K for the fiscal year ended March 31, 2021. TRIUMPH GROUP / INVESTOR OVERVIEW 2#3Business Unit Summary Systems & Support ~$1.1B FY21 Revenue Aerospace Structures ~$800M Sales by Market (FY21) $1.9B Regional, 2% Business, 10% Military, 38% 0 Non-Aviation, 2% Commercial, 48% Consolidated Highlights Adjusted Operating Income (FY21) $167M Aerospace Structures, 13% Triumph Group Systems & Support, 87% Market cap as of 8/3/21: $1.265B Shares outstanding: 64.5M Backlog as of 6/30/21: $1.85B TRIUMPH GROUP / INVESTOR OVERVIEW 3#4Triumph Path to Value Triumph Group YESTERDAY (FY16) TODAY TOMORROW (FY21) (FY25) CONOPS: Holding Company One Company Mindset: Growth by M&A One Company + Shrink to profitable core Growth + Value Partners Creation Product Focus: Structures & Systems Systems & MRO IP, Subsystems, Lifecycle OpCos: 47 5 Sites: Headcount: 75 33 ~15,000 ~7,000 3-4 25+ M&A ~6,000+ Growth TRIUMPH GROUP / INVESTOR OVERVIEW 4#5Triumph Strategic Focus Areas Capabilities Actuation & Controls Gear Systems Electronics & Controls Triumph Group Mechanical Structural Component Solutions Repair Interior Refurbishment Accessory Component Repair Manufacturing Repair & Overhaul Services Levers: OEM Rates: RPK Increases: Products/IP: New Services: Takeaways: Joint Ventures: Dist. Channels: M&A: OEM Production w/ Aftermarket Spares & Repairs TRIUMPH GROUP / INVESTOR OVERVIEW 5#6Investment Considerations Triumph Group Portfolio transformation of Triumph is on track for completion; Strategic Exits progressing with 747 close out and A350 product line sale Organic sales up 11%, with MRO and aftermarket spares leading recovery Margins improving YOY, driven by quality of backlog and revenue Commercial air travel indicators continue to be positive. Average airfare prices, weekly load factors and TSA throughput continue to recover in the US Environmental, Social and Governance initiatives remain a high priority. Considerable investment has been made in development of new products to enhance aircraft fuel efficiency Military sales in Systems and Support up 12% YOY and now comprise 53% of sales in that segment Anticipate positive free cash flow over balance of the fiscal year Strengthened balance sheet through retirement of $349M of debt TRIUMPH GROUP / INVESTOR OVERVIEW 9 60#7. Jan 06-Jan 13-Jan 20-Jan Aviation Industry Notes Q1 27-Jan 03-Feb 10-Feb 17-Feb 24-Feb 3-Mar COVID Cases Spain USA Global UK Italy Bookings YoY Drop in Bookings Total Tickets Corporate Tickets - 30% -60% U-Mar 7-Mar 14-Mar 1-Mar 7-Apr 1-Apr 28-Apr Globally Stable Flights # Commercial Flights 125k/day 95k/day 64k/day 2019 2020 2021 - 1. Apr flightradar24 LIVE AIR TRAFFIC TRIUMPH GROUP / INVESTOR OVERVIEW 1. Jul Capacity Change to 2019 14-Jul 10-Jan-21 7-Feb-21 7-Mar-21 4-Apr-21 2-May-21 30-May-21 27-Jun-21 25-Jul-21 7-Feb 14-Feb 21-Feb 28-Feb 7-Mar 14-Mar 21-Mar 28-Mar 4-Apr 11-Apr 18-Apr 25-Apr 2-May 9-May 16-May 23-May Load Factor 2019 2020 2021 30-May unr-9 15% Pt. Improvement Global Capacity Summer Improvements At 2019 Levels Utilization Utilization Hours TA SA 10.8 hrs 9% Improvement to 4Q July (-41%), Aug (-35%) 12% Improvements Sources: Airlines for America, Cirium Ascend, Flight Radar 24 Positive Indictors Accelerating 8.3 hrs. -Single-Aisle <-Twin-Aisle 13-Jun 20-Jun 27-Jun 4-Jul 11-Jul 18-Jul 25-Jul 89.1 88.6 26-Feb TSA Throughput 2019 2020 2.4M 2.06M 2021 5-Mar 12-Mar 19-Mar 26-Mar 2-Apr 9-Apr 16-Apr 23-Apr 30-Apr 7-May 14-May 21-May 28-May 4-Jun 11-Jun 18-Jun 25-Jun 2-Jul 85% of 2019 Level Parked Fleets 1800 Returned Since Mar. 7 TA SA ཋ༩༡ RJ ԼՈՐ-Բ 16-Jul 23-Jul Triumph Group#8Organic Growth Offsetting COVID-19 Impact Triumph Group New Business Wins Lunar Gateway ECS Heat Exchanger AH-64 & Seahawk EDECU Upgrades Hybrid Additive Heat Exchanger Customer BU Paragon Space TSS US Army & US Navy TSS F-22 Engine Heat Exchanger Upgrades Pratt & Whitney TSS TGI net sales up 11%, net of divestitures & sunsetting programs US Air Force TSS A320 Main Landing Gear Door Uplock MRO Airbus TSS Follow-on Business Customer BU BOEING F-18 Engine Gearboxes GE TSS Global Hawk Engine Speed Increaser GE TSS 787 Tiger Tank Gears Honeywell TSS F/A-18 Actuator Assembly MRO NAVSUP TSS Rotary Actuators AA&E TSS Liquid/Liquid Heat Exchanger Spares Vericor TSS Partnerships Asia Pacific MRO Memorandum Engine MRO Agreement Customer BU Thai Aviation TSS Collins Aerospace TSS Significant Diversity Between Fixed Wing, Rotorcraft, Commercial, and Military TRIUMPH GROUP / INVESTOR OVERVIEW 8 00#9Recent Strategic Awards 4320 Triumph Group Thermal ADM and Space Advances in Heat Exchanger Technologies Working with Air Force Research Lab and the University of Dayton to jointly develop additively manufactured heat exchangers to improve fleet sustainment and readiness levels. Paragon Space agreement for development of ECS and Life Support Heat Exchanger for NASA's HALO program. Fighter Jet Gearboxes Macomb - GE F414 F/A-18 Gearbox Extended existing agreement to provide GE with the F414 Engine Accessory Gearbox. This extension runs through 2027. • F/A-18 remains a key program for Triumph Gear Systems both for F18 E/F, (F414) new build gearboxes as well as overhaul Triumph's F18 C/D gearboxes (F404) in our Park City Utah facility. Diversified MRO Awards Multiple Platforms and Customers • AH-64 EMC-102 Upgrades US Navy • F-22 Engine HX Upgrades • Pratt & Whitney • A320 New Business MRO . Turkish Technic 777 Air/Oil Cooler China Airlines Tornado RB199 Engine Cables . Collins • 737NG Flight Controls Lion Air Winning Across Market Regions, Missions, and Platforms TRIUMPH GROUP / INVESTOR OVERVIEW 9#10Systems & Support TRIUMPH GROUP / INVESTOR OVERVIEW Hand or Superior design, development and support of proprietary components and systems as well as production of complex assemblies using external designs 10 Triumph Group E#11Systems & Support Products & Services Integrated solutions, Business Overview Overview Major Customers $258M Revenue (FY22) • Boeing GE including design, development, and support of components, systems and sub-systems. 21 Locations • Aeropartners Business, 5% Triumph Group Sales by Market Regional, 2% Non-Aviation, 2% 0 • Rolls Royce • Northrop-Grumman Military, 53% • Airbus Capabilities Actuation & Controls Gear Systems VOION Electronics & Controls Mechanical Solutions Structural Component Repair TRIUMPH GROUP / INVESTOR OVERVIEW Commercial, 38% Excludes Intercompany Sales and Contract Liability Amortization Interior Refurbishment Accessory Component Repair 11#12Systems & Support Triumph Group $40 $36 $270 $258 $250 Operating $25 $240 Revenue $230 Income (Loss) $20 $210 $- Q1 FY'22 Q1 FY'21 Q1 FY'22 Q1 FY'21 AH-64 Apache Financial Highlights . . Successful upgrade programs progressing in military helicopter and fighter fleets (Seahawk EMC, Apache EMC, F-22 HX) Progress in key strategic initiatives in thermal including adoption of additive technologies and spacecraft ECS applications. MRO gaining momentum on leading edge of industry recovery Net sales increased 8% compared to prior year Q1 on strong aftermarket recovery and increased narrow-body production rates; partially offset by Q1 787 production pause Aftermarket spares up 12% to prior year 3rd Party MRO up 19% to prior year Adjusted operating income improved $8M and margin up 235 bps Y-o-Y due to improved pricing and increased volume on aftermarket Strong Aftermarket Recovery Outpacing 787 Headwind TRIUMPH GROUP / INVESTOR OVERVIEW 12#13Systems & Support Operating Company Systems, Electronics & Control Actuation Products & Services Geared Solutions Mechanical Solutions Product Support Locations West Hartford, CT Windsor, CT Forest, OH Clemmons, NC Yakima, WA Valencia, CA Redmond, WA Macomb, MI Park City, UT Staverton, UK N. Wales, PA Shelbyville, IN Deeside, Wales, UK Villeneuve Le Roi, France Heiligenhaus, Germany Onchan, Isle of Man Hot Springs, AR Grand Prairie, TX Wellington, KS Chonburi, Thailand San Antonio, TX TRIUMPH GROUP / INVESTOR OVERVIEW Core Competencies Hydraulic power generation Electric motor pumps, reservoirs, integrated hydraulics Fuel control and metering Thermal solutions Customizable controls A-level Software & Hardware design Hydraulic actuation design and build Hydraulic fluid power design and build Complex hydraulic build to print Engineering support Part 145 MRO services Fully integrated hydraulic test laboratories to conduct and complete full qualification Power transmission systems Integrated gearbox design and build Gear components design and build Complex build to print Geared actuation Engineering & design capabilities Design services Engineering support Machining capability Build to print services Custom kitting Aftermarket capabilities Maintenance, repair and overhaul services Out of production manufacturing service DER engineering repair services Forward deployed rotable stock Exchange services Key Products Fuel pumps & Fuel Metering Units FADECS electronic fuel controls Thermal Products Nose Wheel Steering Components Utility Actuation Systems Uplock Systems Power transfer units Selector and sequencing valves Door and cowl actuation Landing gear uplocks Landing gear actuation Extend/retract control valves Hydraulic fuses Triumph Group Airframe & engine mounted accessory drives (AMAD's & EMAD's) Rotorcraft transmissions Turboshaft internal gearboxes, emergency power gearboxes Engine power take-off, Internal gearboxes (IGB's) Large complex aero gears (complex spiral bevel gears, bull gears) Cable controls Cockpit controls Latches and keepers Hold open rods Electric actuation and electronic controllers Hydraulic actuation Remote valve operation Nuclear flux mapping (DDS/testing) Nacelle components Flight control surfaces, winglets, radomes, cargo doors Hydraulics pumps and components Fuel pumps and components IDG's, CSD's, generators Air cycle machines & heat exchangers Gearboxes, pneumatic valves & components 13 Wheels, brakes & aircraft interiors#14Systems & Support Expectations Recent Performance Near-Term Expectations $1.1B Sales - Production/MRO¹ 60%/40% Production 0-3% higher MRO 15-20% higher ~15% EBITDAP Margin -Production/MRO² 30%/70% Improve margin % through cost reductions, volume, mix and price Solid Cash Generation Reinvestment in operations and R&D Longer-Term View Triumph Group Sales by End Market Recovery to FY20 levels ■Commercial ■ Military ■ Other Margin expansion to prior targets of ~20% Improved Cash Conversion End Market EBITDAP consistent with Sales Profile Stable Military End Market Commercial End Market Improvements Slow, But Steady Solid Results Sets Foundation For Post-COVID Performance 1 MRO is 60%/40% repair services to spare part sales 2 MRO margin is 30%/40% repair services to spare part sales TRIUMPH GROUP / INVESTOR OVERVIEW 14#15Aerospace Structures Triumph Group TRIUMPH GROUP / INVESTOR OVERVIEW Extensive capabilities to engineer complex composite aerostructures 15#16Aerospace Structures Products & Services TAS provides fully integrated, turn-key composite and metallic major assemblies, and interior system solutions employing the latest product development and manufacturing tools, processes portfolio of commercial and and software to its diverse military customers. Fuselage Overview Business Overview $138M Revenue (FY'22) 9 Locations Major Customers • Boeing • . Gulfstream Northrup Grumman • Airbus • Spirit Aerosystems • Pratt and Whitney Capabilities Fuselage Nacelle Panels Products Insulation Blankets TRIUMPH GROUP / INVESTOR OVERVIEW Triumph Group Sales by Market Regional, 1% Business, 7% Military, 10% 0 Commercial, 82% Excludes Intercompany Sales and Contract Liability Amortization Ducting Composites 16#17Aerospace Structures Triumph Group Operating Company Commercial Structures Interiors Locations Stuart, FL Grand Prairie, TX Mexicali, Mexico Spokane, WA Zacatecas, Mexico Taylorsville, NC Hamburg, Germany Saint Nazaire, France Toulouse, France Core Competencies Product development Metallic and composite construction and finishing Automated facilities Design, analysis and testing Skins & stringers Certification engineering support Design and manufacturing of thermal acoustic insulation blankets Manufacturing of composite ECS ducting and composite interiors components Vacuum forming 3 & 5-Axis machining Higher/lower level assemblies Robotic thermoforming Robotic non-destructive inspection Automated painting Integration and engineering services at customer locations Key Products Aircraft wing center body structure Fuselages Flight control surfaces Empennages Nacelle products, acoustic panels, fan track liners Thermal acoustic insulation blankets Thermal acoustic insulation cover laminates Interior components: Vacuum formed plastics (arm-backrests, tray table) Soft goods (life vest pouches etc.) Seat covers (pilot- crew seats) Carpet kits Composite ECS ducting Reinforced thermoplastic parts Floor panels TRIUMPH GROUP / INVESTOR OVERVIEW 17#18Aerospace Structures BOEING 767 Boeing 767 Triumph Group $100 $300 $258 $11 $0 $200 $138 Operating ($100) Revenue Income $100 (Loss) ($200) $- ($300) ($256) Q1 FY'22 Q1 FY'21 Q1 FY'22 Q1 FY'21 Highlights • . Composites & Red Oak divestitures completed on May 7th . $19M in revenue in Q1 FY'22 through date of sale (@8% margin) Final 747 parts complete August 6th – Facility exit on track Financial • . . Sold product line from Spokane (Interiors) Revenue increased 15% on 767/Tanker program and Interiors, after adjusting for divestitures ($92M) and sunsetting programs ($42M) Remaining program and facility exits on track Operating margin, adjusted for restructuring & impairments, improved significantly to 10% vs 1% in prior year in July - Facility exit on track • Most transformation milestones completed Performance Improving; Portfolio Actions On Track TRIUMPH GROUP / INVESTOR OVERVIEW 18#19Top Programs in Backlog A321, 7% 100% 737, 7% V-22, 6% AH-64, 4% 65% 35% 100% 100% 787, 4% 76% 24% F-18, 2% 100% UH-60, 3% 100% CH-47, 2% 100% BELL 429, 2% CH-53, 2% 767 TANKER, 21% 5% 100% 100% 95% 777, 3% 19% A350, 2% 12% 747, 2% 12% 81% 88% 88% G650, 2% 4% 96% TSS TAS Top 15 Programs = 68% of total backlog of $1.85B as of June 30th TRIUMPH GROUP / INVESTOR OVERVIEW Triumph Group 19#20Consolidated Quarterly Results ($ in millions) Net Sales FY'22 Q1 FY'21 Q1 $397 $495 Operating Income (Loss) 21 (252) Operating Margin 5% (51%) Adjusted Operating Income* $31 $15 Adjusted Operating Margin 8% 3% *See Appendix for Non-GAAP reconciliation Triumph Group Solid organic growth net of planned reductions from divestitures and sunsetting programs. Margins are up year over year, excluding non- cash impairment, loss on sales & restructuring. 11% Organic Growth & Improving Profitability Year over Year TRIUMPH GROUP / INVESTOR OVERVIEW 20 20#21Free Cash Flow Walk Consolidated ($ in millions) Net loss Non-cash items: Depreciation & Amortization Interest Expense & Other Amortization of Acquired Contracts Pension Expense (including Q1 curtailment) OPEB Income Income Tax Expense Non-recurring Cash Drivers* Cash sources (uses): Working Capital Change FY'22 Q1 $ (30) 15 • 39 (2) 4 (2) 1 (100) • FY'22 Q1 Cash Drivers* ($42M) of advance liquidation (2 payments in Q1) ($18M) customer settlements ($20M) funding on B747-8 ($20M) in restructuring costs Expected FY'22 Cash Drivers • . ($84M) of advance liquidation; ($21M) in Q3 & Q4 ($60M) of funding on B747-8 exit; Mostly 1st half ($25M) of customer settlements; Mostly 1st half Interest Payments Capital Expenditures Tax Payments, net Free Cash Use (34) (39) (2) (1) $ (151) Triumph Group See Appendix for reconciliation of cash used in operations to free cash use Retiring Non-recurring Cash Drivers As Expected; Reducing Over Remainder of the Year TRIUMPH GROUP / INVESTOR OVERVIEW 21#22Net Debt & Liquidity ($ in millions) Cash 8.875% 1st Lien Notes Due Aug 2024 Receivable Securitization Facility Finance Leases FY'22 Q1 $ (237) 587 19 6.250% Senior Notes Due Sept 2024 525 7.750% Senior Notes Due Aug 2025 Net Debt 500 $ 1,394 TRIUMPH GROUP / INVESTOR OVERVIEW • • Triumph Group ~ $113M repayment of 1st Lien Notes Redeemed remaining $236 notes due June 2022 Cash and Availability ~ $263M Flexibility to Execute De-leveraging Actions 22#23FY 22 Guidance ($ in millions, except per share amounts) Revenue Cash from operations Capital expenditures Free Cash Flow (non-GAAP) Interest Expense Income Taxes FY 22 Ranges $1.5B - $1.6B ($110) - ($125) ~$25 ($135) - ($150) ~$140 ~$4 Earnings per Share - GAAP Q1 EPS Addbacks (see appendix) Adjusted Earnings per Share - (non-GAAP) TRIUMPH GROUP / INVESTOR OVERVIEW ($0.15) - $0.05 $0.56 $0.41 - $0.61 Stabilized Revenue; Strong Growth and Profitability Triumph Group 23#24Concluding Remarks • • Strong organic sales growth Improvement in operating margins company wide Strategic exits on track • Portfolio diversification + improving market conditions enhances confidence in outlook TRIUMPH GROUP / INVESTOR OVERVIEW Solid Momentum Towards Sustainable Future Triumph Group 24#25Attention: TALYOUTHORIT PORT Assembly Our Vision As One Team, we enable the safety and prosperity of the world. Our Mission We partner with our customers to triumph over their hardest aerospace, defense and industrial challenges, to deliver value to our stakeholders. Our Values Integrity Continuous Improvement Teamwork Innovation Act with Velocity TRIUMPH GROUP / INVESTOR OVERVIEW 25#26TRIUMPH GROUP / INVESTOR OVERVIEW Appendix 26#27Restructuring by Business Unit TRIUMPH GROUP / INVESTOR OVERVIEW $ in Millions Systems & Support Aerospace Structures Corporate Total TGI * * difference due to rounding $ Q1 FY'22 1 3 1 $ 5 UT Triumph Group 27#28Non-GAAP Disclosure Adjusted Operating Income is defined as GAAP Operating Income, less expenses/gains associated with the Company's transformation, such as restructuring expenses, gains/losses on divestitures, defined benefit plan gains/losses from curtailments, settlements, etc; impairments of goodwill and other assets. Management believes that this is useful in evaluating operating performance, but this measure should not be used in isolation. The following table reconciles our Operating income to Adjusted Operating income as noted above. Operating income (loss) - GAAP Adjustments: Loss on sale of assets and businesses, net Impairment of long-lived assets Restructuring costs Adjusted operating income - non-GAAP Adjusted operating margin TRIUMPH GROUP / INVESTOR OVERVIEW Three Months Ended June 30, 2021 20,832 $ 2020 (252,392) 5,969 252,382 4,485 15,439 $ 31,286 15,429 7.9% 3.1% Triumph Group 28#29Non-GAAP Disclosure FINANCIAL DATA (UNAUDITED) TRIUMPH GROUP, INC. AND SUBSIDIARIES (dollars in thousands) Non-GAAP Financial Measure Disclosures (continued) Cash provided by operations, is provided for consistency and comparability. We also use free cash flow as a key factor in planning for and consideration of strategic acquisitions and the repayment of debt. This measure should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to operating results presented in accordance with GAAP. The following table reconciles cash provided by operations to free cash flow. Three Months Ended June 30, Fiscal 2022 Guidance 2021 2020 Cash used in operating activities Less: $ (149,514) $ (197,533) $(110,000) $(125,000) Capital expenditures Free cash use (2,112) $ (151,626) (7,723) $ (205,256) ~$25,000 $(135,000) - $(150,000) TRIUMPH GROUP / INVESTOR OVERVIEW Triumph Group 29 29#30Triumph Group 00 Updated 2/22/2019 /20