Investor Presentation 2022

FINANCIALS CAPITAL DEPLOYMENT CREATING SHAREHOLDER VALUE DISCIPLINED CAPITAL DEPLOYMENT ORGANIC GROWTH ■ R&D ■ Capital expenditures INORGANIC GROWTH OPPORTUNITIES ■ Active Business Development funnel ■ Good long-term markets & fundamentals in both aerospace and industrial INVESTOR PRESENTATION 2022 RETURNED TO SHAREHOLDERS FY2017 - 2021 RETURN TO SHAREHOLDERS Long term commitment to return minimum 50% of net earnings to Shareholders, via Dividends Share Repurchases DIVIDEND INCREASES SHARE REPURCHASES $177M paid between FY17-21 $800M share repurchase program authorized in January 2022 ■ $243M of shares repurchased between FY17 to FY21 Dividends Share Repurchases RETURNED ~$420M TO SHAREHOLDERS O WOODWARD, INC. | PROPRIETARY 26 WOODWARD

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