Triumph : Second Quarter 2023 Earnings Presentation

Second Quarter FY'23

Earnings Conference Call

Daniel J. Crowley, Chairman, President and Chief Executive Officer James F. McCabe Jr., Senior Vice President and Chief Financial Officer

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 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.

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TRIUMPH / Q2 FY'23 / NOV 8, 2022

Q2 FY'23 Takeaways

• Organic sales growth…6% sequentially…13% YTD
• MRO inductions up 11% compared to Q1
• Proactively addressing supply chain / inflation risks
• Continuing backlog up 11% on commercial demand
• Forecast positive free cash flow over balance of the year

CONSOLIDATED HIGHLIGHTS

SALES BY ENDMARKET (Q2 FY23)	ADJUSTED OPERATING INCOME (Q2 FY23)
			$0.3B	$51M
Non-Aviation	Aerospace Structures
2%
			12%
Military MRO
15%

Commercial

MRO, 20%

	Commercial OEM
	42%
Military	Systems & Support
OEM	88%
21%

13%

Organic Growth

1.31:1

TSS Book to Bill Ratio

$1.6B

Backlog as of 9/30/22

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TRIUMPH / Q2 FY'23 / NOV 8, 2022

STRONG ORGANIC GROWTH ACROSS DIVERSE CUSTOMER BASE

34% Growth in TSS YTD Book to Bill

Q2 TSS Bookings up 15% Year over Year

Significant Diversity

Between Fixed Wing,

Rotorcraft, Commercial,

and Military

New Business Wins	Customer
FVL Isolation Valve	FVL OEM
AH-64 ECU Upgrades	US Army
M777 Magazine Assemblies	BAE
ATR Auto Feathering Unit	Engine OEM
767 Nacelle Overhaul	DHL
AW109 Rotor Controls	Kopter

Follow-on Business	Customer
AH-64 Transmission Gears	Boeing Defense
V-22 Pylon Conversion Actuators	US Navy
Various Cabin Interiors	Collins
B-2 Thermal Pump Packs	US Air Force
F-16 Flap Drive Motor	Moog
Arleigh Burke Class Remote Valves	Triman

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TRIUMPH / Q2 FY'23 / NOV 8, 2022

RECENT STRATEGIC AWARDS

Winning Across Market Regions, Missions, and Platforms

ADVANCED AMAD DEVELOPMENT

Geared Solutions

Collaborating with multiple major OEMs to develop significant advancements in AMAD design through customer funded development programs

This early engagement will embed TRIUMPH IP into next generation air dominance platforms and emerging eVTOL applications

HOWITZER MAGAZINE ASSEMBLY

Systems, Electronics & Controls

TRIUMPH is supporting the replenishment of 150 M777 Howitzers, through provision of consumables such as magazine assemblies

The M777 is a resurgent platform for TRIUMPH with the potential for additional scope and restart of the Howitzer line for up to 500 additional cannons

DIVERSIFIED MRO AWARDS

Multiple Platforms and Customers

F-16 Heat Exchangers	V-22 Engine Starter
US Air Force	Rolls-Royce
AH-64 Gun Turret	787 Engine Inlet Exchange
Upgrade & Overhaul	Major US Carrier
US Army
	C-17 Drain Mast MRO
A320 Engine TR Repair	Boeing Global Services
BOC Aviation

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TRIUMPH / Q2 FY'23 / NOV 8, 2022