Investor Presentation 2022

FINANCIALS FINANCIALS INVESTOR PRESENTATION 2022 19 REFLECTING ON THE LAST 2 YEARS ■ Navigated the pandemic well Generated significant cash flow Increased liquidity and strengthened the Balance Sheet Maintained critical investments in R&D, Operations, and Capital Expenditures LOOKING FORWARD TO THE NEXT 5 YEARS After a 2-year pandemic pause, our markets are recovering and on a growth trajectory ■ Projecting a return to 2019 sales levels in 2023 ■ Anticipating we will exit 2023 at targeted segment margins O WOODWARD, INC. | PROPRIETARY WOODWARD 徵

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