Slide 1: Second Quarter 2025 Earnings Supplemental
Moog Second Quarter 2025 Earnings Supplemental April 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: Second Quarter 2025 Highlights
Second Quarter 2025 Highlights Delivered strong operational and financial performance, including record sales Continued customer focus and product innovation, supporting future organic growth Reiterated 2025 guidance, noting potential A net tariff risk 3 moog | SHAPING THE WAY OUR WORLD MOVES
Slide 4: Operational Highlights
Second Quarter 2025 Operational Highlights Showcased innovative products at major trade events including advanced satellite systems and space avionics, EV construction vehicle systems and latest Customer Focus intravenous medical pump Expanded Voice of Customer insights with positive impact Peop
Slide 5: Financial Headlines
Second Quarter 2025 Financial Headlines $935M 12.5% $1.92 $2M Sales Adjusted Adjusted Free Cash Operating Earnings Flow* Margin* Per Share* * Non-GAAP measures, see appendix for reconciliations Record sales and strong operational performance 5 moog | SHAPING THE WAY OUR WORLD MOVES
Slide 6: Sales
Second Quarter 2025 Sales USD in millions $935 Sales Q2’24 Q2’25 Delta Comments Space and Defense $ 267 $ 270 1% Broad-based defense demand $930 Military Aircraft 203 214 6% Ramp up of FLRAA program Commercial Aircraft 208 216 4% Strong aftermarket repair activity; moderated by production delays on
Slide 7: Adjusted Operating Margin
Second Quarter 2025 Adjusted Operating Margin* Adjusted Operating Q2’24 Q2’25 Delta Comments Margins* (bps) 13.6% (110bps) Space and Defense 15.9% 12.6% (330) Driven by the absence of ERC Military Aircraft 13.4% 12.0% (140) Absence of ERC and product line sale, partially offset by stronger operation
Slide 8: Free Cash Flow
Second Quarter 2025 Free Cash Flow* USD in millions Free Cash Flow includes Q2’25 Comments Adjusted Net Earnings* $ 61 Change in Net Working Capital (36) Primarily timing of receivables offset by customer advances Depreciation and Amortization 25 Other (10) Capital Expenditures (38) Supporting longe
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 Jan’25 Apr’25 Jan’25 Apr’25 (bps) Space and Defense $ 1,085 $ 1,085 - Space and Defense 14.2% 14.2% - Military Aircraft 850 850 - Military Aircraft 13.1% 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: Jan’25 Apr’25 Total Sales $ 3,700 $ 3,700 ► Sales guidance reiterated Adjusted Operating Profit* $ 482 $ 482 Adjusted Operating Margin* 13.0% 13.0% ► Margin guidance reiterated. Potential net tariff risk to o
Slide 11: Key Takeaways
Second Quarter 2025 Key Takeaways Customer focus helping to deliver record sales Simplification enhancing margin in line with our long-term financial goals Reiterating 2025 guidance resulting in another strong financial year Potential net tariff risk reflects announced tariffs and our mitigation act
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