Investor Presentation 2022

INVESTOR PRESENTATION 2022 24 FINANCIALS CAPITAL EXPENDITURES - RETURNING TO MAINTENANCE LEVELS CAPITAL EXPENDITURES Heavy investment cycle 2013 2016 due to - content wins Added capacity from 2017 to 2019 INVESTMENT CAPACITY COVID Controlled spending during 2020 and 2021 221 127 80 due to COVID 62 62 Maintenance levels of capital expenditures 80 80 65 99 96 66 levels between $50-80M 31 21 96 96 99 71 47 38 going forward 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Disciplined capital evaluation process ■Equipment Facilities Maintanence O WOODWARD, INC. | PROPRIETARY WOODWARD

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