Investor Presentation 2022

WOODWARD OVERVIEW THE WOODWARD VALUE PROPOSITION INVESTOR PRESENTATION 2022 | 8 AEROSPACE GROWTH ■ Strong commercial and defense OEM platforms ■ Significant content on narrowbody and widebody platforms ■ Growing aftermarket entitlement ACCELERATING TRUE NORTH ■ Targeting world class operating performance ■ Expanding net operating margins ATTRACTIVE INDUSTRIAL MARKETS ■ Market share gains driven by fuel efficiency and emissions ■ Increasing content on existing and new platforms STRONG FREE CASH FLOW GENERATION ■ Preserving and managing cash flow ■ Working capital management ■ Maintenance levels of capital expenditures lin HIGH IMPACT R&D INVESTMENT ■ World class technology - leveraged across company ■Consistently investing 5-6% of sales DRIVING VALUE TO SHAREHOLDERS THROUGH CAPITAL ALLOCATION ■ Double digit dividend growth ■ $800M share repurchase authorization ■ Pursuit of opportunistic M&A to accelerate growth O WOODWARD, INC. | PROPRIETARY WOODWARD

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