Slide 1: First Quarter 2025 Earnings Supplemental
Moog First Quarter 2025 Earnings Supplemental January 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: First Quarter 2025 Highlights
First Quarter 2025 Highlights Delivered strong sales growth and solid margin enhancement Secured significant bookings on strong technical capabilities and customer focus Affirmed FY 2025 guidance on sales, operating A margin and free cash flow 3 moog | SHAPING THE WAY OUR WORLD MOVES
Slide 4: First Quarter 2025 Operational Highlights
First Quarter 2025 Operational Highlights Record bookings in Space & Defense, strong bookings in Commercial Aircraft Customer Focus Successful product performance supporting customers’ milestone deliveries Added European defense manufacturing capacity, and driving efficiencies Committed to 20%
Slide 5: First Quarter 2025 Financial Headlines
First Quarter 2025 Financial Headlines $910M 11.8% $1.78 $(165M) Sales Adjusted Adjusted Free Cash Operating Earnings Flow* Margin*,** Per Share*,*** * Non-GAAP measures, see appendix for reconciliations ** Q1 2025 includes 80bps for an out-of-period warranty expense *** Q1 2025 includes $0.18 for a
Slide 6: First Quarter 2025 Sales
First Quarter 2025 Sales USD in millions $910 6% Sales Q1’24 Q1’25 Delta Comments Space and Defense $ 230 $ 248 8% Strong broad-based defense demand, $857 including European programs Military Aircraft 186 213 15% Ramp-up of FLRAA and new production programs Commercial Aircraft 194 221 14% Strong aft
Slide 7: First Quarter 2025 Adjusted Operating Margin
First Quarter 2025 Adjusted Operating Margin* 50bps 11.8% Adjusted Operating Q1’24 Q1’25 Delta Comments Margins* (bps) 11.3% Space and Defense 11.0% 11.9% 90 Strong growth, partially offset by sales mix and investments for new programs Military Aircraft 10.5% 11.0% 50 Efficiencies from higher FLRAA
Slide 8: First Quarter 2025 Free Cash Flow
First Quarter 2025 Free Cash Flow* USD in millions Free Cash Flow includes Q1’25 Comments Adjusted Net Earnings* $ 58 Change in Net Working Capital (215) Inventory buildup to support future sales growth and the timing of collections and compensation payments Depreciation and Amortization 26 Other (1
Slide 9: Fiscal Year 2025 Guidance Segments
Fiscal Year 2025 Guidance Segments USD in millions Current Year Guidance vs Prior Year Current Year Guidance vs Prior Year Sales Adjusted Operating Margin* FY’24 FY’25 (F) Delta FY’24 FY’25 (F) Delta As of Jan’25 As of Jan’25 (bps) Space and Defense $1,018 $ 1,085 7% Space and Defense 13.4% 14.2% 80
Slide 10: Fiscal Year 2025 Guidance
Fiscal Year 2025 Guidance USD in millions, except for EPS Current Year Guidance vs Prior Year FY’24 FY’25 (F) As of Jan’25 Total Sales $ 3,609 $ 3,700 ► Growth across aerospace and defense markets Adjusted Operating Profit* $ 449 $ 482 Adjusted Operating Margin* 12.4% 13.0% Interest $ 62 $ 71 Tax Ra
Slide 11: First Quarter 2025 Key Takeaways
First Quarter 2025 Key Takeaways Customer focus resulting in substantial organic growth opportunities Continued margin expansion through simplification Significant cash generation in the second half of 2025 FY 2025 continues to be aligned with long-term targets 11 moog | SHAPING THE WAY OUR WORLD MO
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