Investor Presentation 2022

FINANCIALS CASH GENERATION STRONG CASH GENERATION Adjusted Free Cash Flow - $1.4B 2017 to 2021 ~$2B-2022- 2026 Projected > 100% Free Cash Flow conversion $1.4B Maintenance levels of capital expenditure going forward 2021 CASH TO ■Invest in organic growth. 2020 2019 ■ Pursue inorganic growth 2018 Return to shareholders via dividends and share repurchases 2017 2017-2021 ~$2B INVESTOR PRESENTATION 2022 29 2022-2026 Projection 徵 O WOODWARD, INC. | PROPRIETARY WOODWARD

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