Investor Presentation 2022

AEROSPACE COMMERCIAL GROWING FASTER THAN DEFENSE INVESTOR PRESENTATION 2022 32 FAVORABLE SHIFT IN AEROSPACE ■ Increased Narrowbody and Widebody content ■ Significant Commercial Aftermarket growth Increased content on fleet in service Favorable shift toward Commercial based on faster growth ■ Stable Defense market FAVORABLE IMPACT TO AEROSPACE MARGINS 49% Commercial. FY21 AERO SALES $1.4B Defense 51% mercial 66% 2026 AERO PROJECTION Defense 34% O WOODWARD, INC. | PROPRIETARY WOODWARD

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