Investor Presentation 2022

AEROSPACE AEROSPACE BUSINESS AND GENERAL AVIATION - 800 700 600 500 400 300 200 100 Bizjet Aircraft Production 0 2021 2022f 2023f 2024f Light Jets Midsize Jets Large Jets ~7% CAGR ~4% CAGR 2025f 2026f WWD Aero Bizjet Sales WWD Bizjet Aero Sales ◉ Woodward outgrowing the market based on win rate and market share gains ~7% vs. ~4%. Following destocking and program transitions in 2021, steady sales growth ahead of market Business Jet used inventory at record low levels Higher oil price bullish for helicopter markets O WOODWARD, INC. | PROPRIETARY WOODWARD

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