Slide 1: HXL Investor Briefing
HXL Investor Briefing October 2025
Slide 2: Risks, Uncertainties and Other Factors with Respect to Forward-Looking Statements
Risks, Uncertainties Certain statements contained in this presentation constitute “forward-looking and Other statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking Factors with statements” an
Slide 3: Hexcel (NYSE: HXL) – At a Glance
HEXCEL (NYSE: HXL) – AT A GLANCE Leader in markets undergoing secular growth Markets Broadest aerospace composite solution portfolio COMMERCIAL AEROSPACE #1 in aerospace composites – by sales & production capacity 63%* 19 manufacturing plants | ~5,900 employees at 31-Dec-2024 Wings, Fuselage
Slide 4: Advanced Composites Leadership
ADVANCED COMPOSITES LEADERSHIP Leading, sole source positions in key Our Hexcel Purpose markets with high barriers to entry We propel the future of flight, energy generation, Innovative solutions that lead to sustainable transportation and recreation competitive advantage through excellence in advan
Slide 5: Composites Penetration & Growth
COMPOSITES PENETRATION & GROWTH 60%+ ? HS, IM, Thermoplastics 2030s • Continued secular penetration with each Further metal substitution succeeding new aircraft platform 50%+ Next-gen Narrowbody Intermediate Modulus (IM) • Fleet Replacement of legacy metal aircraft Carbon Fiber Prepregs 2010s Compos
Slide 6: Unrivaled Product Range
UNRIVALED PRODUCT RANGE Broad aerospace composites product line from carbon fibers, reinforcement fabrics, and resins to prepregs, honeycomb core, tooling materials and more . . . from raw materials to fly-away parts . . . Vertical Integration is a strength and a differentiator CARBON FIBER WOVEN RE
Slide 7: We Deliver What Our Customers Want
WE DELIVER WHAT OUR CUSTOMERS WANT Lighter yet stronger than any comparable material in the world, Hexcel advanced composites are turning the dream of cleaner, efficient, and more sustainable flight and transportation into reality today. Carbon fiber is 5x stronger and 30% lighter than aluminum Comp
Slide 8: Commercial Aerospace
63% COMMERCIAL AEROSPACE Commercial Aircraft | Engines/Nacelles | Business Jets & Regional Aircraft Sales $ millions $1,194 $1,068 Near-Term: Growing back into existing capacity $912 $822 Mid-Term: Expanding composites secular penetration $668 Strong multi-year OE backlog supports growth Nee
Slide 9: Impactful Commercial Aerospace Platforms
IMPACTFUL COMMERCIAL AEROSPACE PLATFORMS Sales by platform at full production rate Platform OEM publicly-disclosed peak rates A350 A350 / A350F 12/mo. in 2028 A320neo 75/mo. in 2027 A350F 787 10/mo. in 2026 • Widebodies pull $4.5-$5.0 737 MAX 52/mo. million A330neo 5/mo. in 2029 s.s. A220 14/mo. in
Slide 10: Commercial Aerospace Growth Drivers
COMMERCIAL AEROSPACE GROWTH DRIVERS Combined Airbus & Boeing backlogs are >15,000 commercial aircraft - represent $10 billion of future sales to Hexcel ‒ Narrowbody backlog: 12,411 aircraft ‒ Widebody backlog: 2,833 aircraft As of 30-Sep-2025 Commercial aircraft deliveries accelerating as supply
Slide 11: Defense, Space & Other
Sales 37% DEFENSE, SPACE & OTHER $ millions $721 $709 Rotorcraft | Fighters | Transport | Launch Vehicles | Satellites | Industrial $681 $657 $666 Major programs: F-35, CH-53K, A400M, Black Hawk, European fighters, Rotorcraft blades (both new build & replacement) Active on >100 different program
Slide 12: Evolution of Defense & Space Composites Adoption
EVOLUTION S&D COMPOSITES ADOPTION Composite content on modern military & space platforms is maximized to enhance performance and FUTURE PROGRAMS enabled by composites to optimize performance, range and stealth extend range and payload • 6th generation fighter programs in U.S. (NGAD, F/A-XX, CCA) and
Slide 13: Returning to Growth Cash Generation
RETURNING TO GROWTH CASH GENERATION $ millions, except EPS $ millions SALES ADJUSTED OPERATING ADJUSTED EBITDA FREE CASH FLOW INCOME (Earnings Before Interest, Taxes, Depreciation & Amortization) RETURN ON CAPITAL EXPENDITURES MARGINS ADJUSTED DILUTED EPS INVESTED CAPITAL (Accrued) 13 ©2025 Hexcel.
Slide 14: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE 2025 GUIDANCE Sales Approximately $1.88 billion Sales Commercial Aerospace: Down mid-to-upper single digits Transition year in 2025 as overall aerospace supply chain recovers Defense, Space & Other: Up mid-to-upper single digits Strong OE backlogs support future sales growth
Slide 15: Reasons to Invest in Hexcel
REASONS TO INVEST IN HEXCEL Investing in Innovation | Achieving Operational Excellence | Strong Investment Fundamentals Leadership in Lightweighting Culture of Operational Strong Attractive for Emissions Innovation Excellence Investment Markets Reduction Fundamentals Unrivaled product portfolio Ligh
Slide 16: Appendix
APPENDIX 16 ©2025 Hexcel. All rights reserved.
Slide 17: Adopting for Performance & Lightweighting
Adopting for Performance & Lightweighting Continuing secular growth opportunities PRIMARY STRUCTURES SECONDARY STRUCTURES INTERIOR STRUCTURES • Latest generation widebodies are >50% composites • >60% on future platforms via continued secular adoption 17 ©2025 Hexcel. All rights reserved.
Slide 18: Engine & Nacelle Growth Opportunity
Engine & Nacelle Growth Opportunity Engines & nacelles are an attractive market Acoustic Lining Panels Outlet Guide Vane Continuing secular Nacelle Cowling growth opportunities Fan Cowl with next-generation engines Thrust Reverser Fan Spacers Nose Cone Fan Blades Inlet Cowl Fan Containment Case 18 ©
Slide 19: Business Jet Composite Applications
Business Jet Composite Applications Large-cabin business jet composite adoption is particularly strong for Composite Wings performance and Including flaps, ailerons and lightweighting trailing edge Vertical & Horizontal Composite Winglets Stabilators Radomes Engine Nacelles Landing Belly Bulkheads,
Slide 20: Rotorcraft Composites Adoption
Rotorcraft Composites Adoption Secular Penetration in Rotorcraft Replacement blades Blades Seven main blades; Tail rotor blades provide recurring business based on fleet utilization • Black Hawk • V-22 • Beginning: CH-53K Pilot Cabin Aft Transition & Tail Rotor Pylon Cargo Engine Ramp Nacelles Fusel
Slide 21: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to adjusted EBITDA (Earnings before Interest, Taxes, Depreciation & Amortization) US Dollars in millions FY FY FY FY Q3 Q3 YTD YTD 2021 2022 2023 2024 2025 2024 2025 2024 Net Income $ 16.1 $ 126.3 $ 105.7 $ 132.1 $ 20.6 $ 39.8 $ 63.0 $ 126.3 Adjustments Interest Expense,
Slide 22: Segment Adjusted Operating Income Reconciliation
Segment Adjusted Operating Income reconciliation US Dollars in millions FY FY FY Q3 Q3 YTD YTD Composite Materials 2022 2023 2024 2025 2024 2025 2024 Total sales - Composite Materials $ 1,346.0 $ 1,544.8 $ 1,621.0 $ 382.1 $ 390.2 $ 1,180.1 $ 283.0 Operating Income 178.2 237.9 215.0 39.9 56.3 152.8 1