TransDigm : 2024 Analyst Day Presentation

2024 TransDigm Analyst Day

June 26, 2024

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Agenda

Time	Event	Presenter
8:30	Registration
9:00	Start
	Opening Remarks	Nick Howley
	TDG Overview	Kevin Stein
	Consistent Operating Model & Customer Value Overview	Mike Lisman
	Management Process & Value Creation	Joel Reiss
	Financial Review	Sarah Wynne
	Mergers & Acquisitions Process	Blake Kelleher
	Recent Acquisitions & Integration	Patrick Murphy
	M&A Wrap-up & Product Presentations Introduction	Kevin Stein
	Break
	Operating Unit Presentations Breakout:
	Recent Acquisitions - Calspan, Chelton, DART	Greg Campbell, Jason Abbott, Ryan Williamson
	Esterline Operating Units - Kirkhill, Korry, TA Aerospace	Kevin McHenry, Kevin Hanson, Joe Llanes
	New Business - Airborne Systems, Champion	Chris Blackburn, Jason Marlin
	Productivity Improvements - AeroControlex, AeroFluid, Hartwell	Chris Swartz, Mike Hargas, Ron Kato
	Lunch
	Q&A	Panel
2:00	End

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Forward Looking Statements

Statements in this presentation that are not historical facts, including statements under the heading "2024E," are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "may," "will," "should," "expect," "intend," "plan," "predict," "anticipate," "estimate," or "continue" and other words and terms of similar meaning may identify forward-looking statements.

All forward-looking statements involve risks and uncertainties that could cause TransDigm Group's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, TransDigm Group. These risks and uncertainties include but are not limited to: the sensitivity of our business to the number of flight hours that our customers' planes spend aloft and our customers' profitability, both of which are affected by general economic conditions; supply chain constraints; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; failure to complete or successfully integrate acquisitions; our indebtedness; current and future geopolitical or other worldwide events, including, without limitation, wars or conflicts and public health crises; cybersecurity threats; risks related to the transition or physical impacts of climate change and other natural disasters or meeting sustainability-related voluntary goals or regulatory requirements; our reliance on certain customers; the United States ("U.S.") defense budget and risks associated with being a government supplier including government audits and investigations; failure to maintain government or industry approvals; risks related to changes in laws and regulations, including increases in compliance costs; potential environmental liabilities; liabilities arising in connection with litigation; risks and costs associated with our international sales and operations; and other factors.

Further information regarding the important factors that could cause actual results to differ materially from projected results can be found in TransDigm Group's most recent Annual Report on Form 10-K and other reports that TransDigm Group or its subsidiaries have filed with the Securities and Exchange Commission. Except as required by law, TransDigm Group undertakes no obligation to revise or update the forward-looking statements contained in this presentation.

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Special Notice Regarding Pro Forma

and Non-GAAP Information

This presentation sets forth certain pro forma financial information. This pro forma financial information gives effect to certain recently completed acquisitions. Such pro forma information is based on certain assumptions and adjustments and does not purport to present TransDigm's actual results of operations or financial condition had the transactions reflected in such pro forma financial information occurred at the beginning of the relevant period, in the case of income statement information, or at the end of such period, in the case of balance sheet information, nor is it necessarily indicative of the results of operations that may be achieved in the future.

This presentation also sets forth certain non-GAAP financial measures. A presentation of the most directly comparable GAAP measures and a reconciliation to such measures are set forth in the appendix.

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Opening Remarks

Nick Howley- Chairman of the Board

Opening Remarks

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Consistent Value Compounder

In its 18 years under public ownership, TransDigm has outperformed the S&P 500 by 26x and its peer group by 12x

Source: CapIQ
1.	Return calculation assumes dividends are reinvested and accounts for share dilution	7
2.	Peer Group consists of HEICO, Woodward, L3Harris, AAR Corp., and Triumph

Consistent Value Compounder

TransDigm has returned nearly 3,300x its initial invested equity, reflecting a remarkably evenly distributed 36% IRR1 for over three decades

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Organizational Philosophy - Decentralized

CORPORATE

Corporate	Local
Control	Autonomy

Value Generation Strategy

OPERATING UNIT

Economy	Mgmt	Central	Local	Employees	Owners
of Scale	Resources	Control	Autonomy
Structure		Execution			Motivation

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Unique Compensation Concept - "Think/act like an owner"

TDG Ownership

Low	`	High	Low	`	High
	Cash Compensation		Equity Based Compensation

100% Performance Vesting

Very High Shareholder Alignment

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