Investor Presentation 2022

Fleet (units) WOODWARD OVERVIEW ATTRACTIVE NICHE MARKETS INVESTOR PRESENTATION 2022 10 Global primary energy consumption by POSITIVE LONG-TERM GROWTH Single aisle share of fleet rising energy source (2018-2050); quadrillion British thermal units 49,405 50,000 AEROSPACE 1,000 renewables 7% 18% 40,000 35,420 Substantial fleet growth and renewal Narrowbody growing share of total fleet 900 petroleum and other liquids 800 natural gas 28% 8% coal 700 30,000 18% nuclear 25,900 8% 600 15% 20,000 18% 70% 27% INDUSTRIAL 500 10,000 68% 64% Energy demand increasing 400 32% Natural gas and renewables growing 300 22% 10% 6% 5% 22% Alternative fuels 200 2019 2030 2040 Regional Jet Single-Aisle Widebody Freighter 100 26% 20% 5% 4% Boeing CMO 2021 report U.S. Energy Information Administration, 0 International Energy Outlook 2019 2018 2050 O WOODWARD, INC. | PROPRIETARY WOODWARD

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