Triumph : Investor Presentation May 2022

Investor Overview

May 2022

FORWARD LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "project", "may", "will", "should", "could", or similar words suggesting future outcomes or outlooks. These forward-looking statements include, but are not limited to, statements of expectations of or assumptions about strategic actions, objectives, expectations, intentions, aerospace market conditions, aircraft production rates, financial and operational performance, revenue and earnings growth

and profitability and earnings results. These statements are based on the current projections, expectations and beliefs of TRIUMPH's management. These forward

looking statements involve known and unknown risks, uncertainties and other factors which could cause actual results to differ materially from any expected future results, performance or achievements, including, but not limited to, competitive and cyclical factors relating to the aerospace industry, dependence on some of TRIUMPH's business from key customers, requirements of capital, uncertainties relating to the integration of acquired businesses, general economic conditions affecting TRIUMPH's business segments, product liabilities in excess of insurance, technological developments, limited availability of raw materials or skilled personnel, changes in governmental regulation and oversight and international hostilities and terrorism. Further information regarding the important factors that could cause actual results, performance or achievements to differ from those expressed in any forward looking statements can be found in TRIUMPH's reports filed with the SEC, including in the risk factors described in TRIUMPH's Annual Report on Form 10-K for the fiscal year ended March 31, 2022.

2

TRIUMPH / MAY 2022 INVESTOR PRESENTATION

Q4 FY'22 Takeaways

• Generated positive Free Cash Flow
• Delivered strong EBITDAP margins in Systems & Support
• Short-termdeferral of orders to fiscal 2023
• Proactively addressing supply chain / inflation risks
• Streamlined organization & refreshed brand
  CONSOLIDATED HIGHLIGHTS

SALES BY ENDMARKET (FY22)	ADJUSTED OPERATING INCOME (FY22)
	$1.5B	$198M
Non-Aviation	Aerospace Structures
3%
		15%
MRO
31%
		Commercial OEM
45%
Military	Systems & Support
OEM	85%
21%

$29M

Free cash flow*

19%

TSS EBITDAP margin

$2B

Backlog as of 3/31/22

3

TRIUMPH / MAY 2022 INVESTOR PRESENTATION

* See appendix for reconciliation of GAAP to non-GAAP measures

TRIUMPH PATH TO VALUE

		YESTERDAY	TODAY	TOMORROW
		(FY16)	(FY22)	(FY25)
CONOPS		Holding Company	One Company	One Company + Partners
Mindset		Growth by M&A	Shrink to profitable core	Growth + Value Creation
Product
	Structures & Systems	Systems & MRO	IP, Subsystems, Lifecycle
Focus
OpCos		47	5	4+ Growth
Sites		75	28	25 + M&A
Headcount		~15,000	~5,000	~6,000 + Growth

4

TRIUMPH / MAY 2022 INVESTOR PRESENTATION

TRIUMPH: A Compelling Investment

Significantly different company following portfolio transformation

Focus on Triumph Operating System to drive operational excellence

Leaner, more profitable company with higher concentration in attractive end markets

Prudent balance sheet management; anticipate positive FCF over balance of the fiscal year

Enhanced exposure to the aftermarket industry is contributing to growth

Margin expansion driven by quality of backlog, revenue and IP solutions

Emphasis on delivering innovative solutions to enhance aircraft sustainability

5