Slide 1: Third Quarter 2025 Earnings Supplemental
Moog Third Quarter 2025 Earnings Supplemental July 2025 Shaping the way our world moves 1
Slide 2: Disclosures
Disclosures Cautionary Statement Regarding Forward Looking Information This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by wor
Slide 3: Third Quarter 2025 Highlights
Third Quarter 2025 Highlights Delivered record sales and EPS, with expanded margins and robust free cash flow Customer focus reflected in stronger bookings and record backlog Simplification initiatives continued to provide A substantial financial benefits 3 moog | Shaping the way our world moves
Slide 4: Third Quarter 2025 Operational Highlights
Third Quarter 2025 Operational Highlights Announced renewed 10-year 787 support deal with All Nippon Airways Customer Focus Signed contracts expanding military aftermarket support and avionics offerings Acquired COTSWORKS* to expand high-speed fiber optic defense capability People, Community
Slide 5: Third Quarter 2025 Financial Headlines
Third Quarter 2025 Financial Headlines $971M 13.6% $2.37 $93M Sales Adjusted Adjusted Free Cash Operating Earnings Flow* Margin* Per Share* * Non-GAAP measures, see appendix for reconciliations Margin expansion and record sales drove 24% EPS growth vs prior year’s quarter 5 moog | Shaping the way ou
Slide 6: Third Quarter 2025 Sales
Third Quarter 2025 Sales USD in millions 7% $971 Sales* Q3’24 Q3’25 Delta Comments Space and Defense $ 258 $ 288 11% Record sales driven by broad-based defense demand, including strength in satellite components and missiles Military Aircraft 207 225 8% FLRAA ramp driving steady growth $905 Commercia
Slide 7: Third Quarter 2025 Adjusted Operating Margin
Third Quarter 2025 Adjusted Operating Margin* Adjusted Operating Q3’24 Q3’25 Delta Comments Margins* (bps) Space and Defense 12.7% 14.1% 140 Strong sales at favorable margins 130bps 13.6% Military Aircraft 11.9% 11.6% (30) Modestly lower due to increased R&D investment Commercial Aircraft 13.1% 14.9
Slide 8: Third Quarter 2025 Free Cash Flow
Third Quarter 2025 Free Cash Flow* USD in millions Free Cash Flow includes Q3’25 Comments Adjusted Net Earnings* $ 76 Strong earnings Change in Net Working Capital 29 Collection of receivables and timing of compensation payments Depreciation and Amortization 26 Other (5) Capital Expenditures (33) Re
Slide 9: Change in Current Year Guidance: Segment Sales & Margins
Change in Current Year Guidance: Segment Sales & Margins USD in millions Sales Adjusted Operating Margin* As of As of As of As of Delta Delta Apr’25 Jul’25 Apr’25 Jul’25 (bps) Space and Defense $ 1,085 $ 1,100 $15 Space and Defense 14.2% 13.4% (80) Military Aircraft 850 870 20 Military Aircraft 12.6
Slide 10: Change in Current Year Guidance
Change in Current Year Guidance USD in millions except for EPS Prior: Current: FY’25 As of: Apr’25 Jul’25 Total Sales $ 3,700 $ 3,780 ► All segments increased Adjusted Operating Profit* $ 482 $ 484 Adjusted Operating Margin* 13.0% 12.8% ► 50bps of tariff pressure partially overcome by underlying bus
Slide 11: Third Quarter 2025 Key Takeaways
Third Quarter 2025 Key Takeaways Strong orders and customer demand supported record sales and EPS Guidance reflects robust 2nd half 2025 Simplification efforts continue to drive margin improvement and performance Record backlog supports confidence into fiscal year 2026 11 moog | Shaping the way our
Slide 12: Appendix
Appendix 12 moog | Shaping the way our world moves
Slide 13: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings to Adjusted EBITDA USD in millions 13 moog | Shaping the way our world moves
Slide 14: Reconciliation to Adjusted Net Earnings and Diluted Earnings Per Share
Reconciliation to Adjusted Net Earnings and Diluted Earnings Per Share USD in millions, except for shares and EPS 14 moog | Shaping the way our world moves
Slide 15: Reconciliation to Adjusted Operating Profit and Margin
Reconciliation to Adjusted Operating Profit and Margin USD in millions 15 moog | Shaping the way our world moves
Slide 16: Reconciliation to Free Cash Flow and Free Cash Flow Conversion
Reconciliation to Free Cash Flow and Free Cash Flow Conversion USD in millions 16 moog | Shaping the way our world moves