AAR Corp Parts Supply and Engineering Initiatives

Key messages 1 2 Focused portfolio of aftermarket aviation services expected to benefit from market growth and increased market share Operating margin significantly increased since pre-pandemic due to cost discipline and actions to improve underperforming activities 3 Strong balance sheet enables capital allocation across high-return organic investments, acquisitions, and share repurchase 4 Continued growth, margin expansion and capital allocation expected to drive increased shareholder value AAR AAR World Headquarters AAR © 2023 AAR CORP. All rights reserved worldwide. 82

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