Investor Presentation 2022

FINANCIALS SALES AND EARNINGS SALES COVID impacted FY20 & FY21 - pandemic pause Commercial Aero OEM & AFM recovering INVESTOR PRESENTATION 2022 22 Sales and Adjusted Earnings Per Share¹ ADJUSTED EARNINGS PER SHARE $6.00 FY20 & FY21 decline due to COVID impacted $5.00 volumes $4.00 $100M of cost outs in FY20 $3.00 Changing fleet dynamics, higher Woodward content 2,901 2,496 2,326 Defense markets stable 2,023 2,098 2,246 $2.00 Power Generation $1.00 growing Increased Marine 2016 2017 2018 2019 2020 2021 utilization and new ship orders Supply chain and labor disruptions Inflationary pressure O WOODWARD, INC. | PROPRIETARY WOODWARD

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