Investor Presentation 2022

AEROSPACE COMMERCIAL AEROSPACE - AFTERMARKET WWD OUTPACING THE MARKET INVESTOR PRESENTATION 2022 53 Woodward growth significantly outpacing the market - ~16% vs 6% Aftermarket Sales Forecast Large installed base of legacy programs Woodward Growth ~16% Changing fleet dynamics favor Woodward content Market Growth ~6% Next Gen platforms launched in 2018/2019 aftermarket ramp begins ~2023/2024 Significant number of A320 aircraft have not had first engine overhaul Aftermarket growth accelerates in the second half of the decade 13 3 3 3 ■FY21 Aero Legacy A/M FY21 Aero New SA A/M Market MRO Sales O WOODWARD, INC. | PROPRIETARY WOODWARD

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