Investor Presentation 2022

FINANCIALS AEROSPACE FINANCIALS Aerospace Sales (millions) 1,881 1,558 1,591 1,342 1,404 2017 2018 2019 2020 2021 AEROSPACE SALES Significant impact from pandemic in 2021 Higher content on new aircraft such as the Boeing 737 MAX and A320neo to drive future growth INVESTOR PRESENTATION 2022 AEROSPACE MARGINS Margins negatively impacted in 2021 by lower sales volume as a result of the pandemic Strong defense sales as well as cost reductions contributing to margins Aerospace Margins 62 62 19.2% 19.8% 20.7% 19.5% 16.7% 2017 2018 2019 2020 2021 O WOODWARD, INC. | PROPRIETARY WOODWARD

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