Slide 1: HXL Investor Briefing
HXL Investor Briefing July 2026 1 ©2026 Hexcel. All rights reserved.
Slide 2: Risks, Uncertainties and Other Factors with Respect to Forward-Looking Statements
Risks, Certain statements contained in this presentation constitute “forward-looking Uncertainties and statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking Other 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%* 18 manufacturing plants | 5,563 employees at 31-Dec-2025 Wings, Fuselage
Slide 4: Advanced Composites Leadership
ADVANCED COMPOSITES LEADERSHIP Leading, sole source positions in key markets with high barriers to entry Innovative solutions that lead to sustainable competitive advantage Our Hexcel Purpose Exceptional & long-term customer relationships Benefitting from cyclical and secular growth Strong cash gene
Slide 5: Composites Penetration & Growth
COMPOSITES PENETRATION & GROWTH • Continued secular penetration with each succeeding new aircraft platform • Fleet Replacement of 60%+ ? legacy metal aircraft HS, IM, Thermoplastics Composite-rich aircraft 50%+ 2030s Further metal substitution Intermediate Modulus (IM) (i.e. A350 & 787) are less Car
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 Sales Commercial Aircraft | Engines/Nacelles | Business Jets & Regional Aircraft $1,600 $ millions $1,253 $1,194 $1,147 Near-Term: Growing back into existing capacity $1,200 $1,068 $912 Mid-Term: Expanding composites secular penetration $668 $800 Strong multi-year OE b
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 • Widebodies pull A350F A320neo 75/mo. end 2027 $4.5-$5.0 787 10/mo. in 2026 significant amounts of million s.s. 737 MAX A330neo 52/mo. 5/mo.
Slide 10: Commercial Aerospace Growth Drivers
COMMERCIAL AEROSPACE GROWTH DRIVERS Combined Airbus & Boeing backlogs are >16,000 commercial aircraft - represents >$11 billion of future sales to Hexcel ‒ Narrowbody backlog: 12,930 aircraft ‒ Widebody backlog: 3,108 aircraft As of 30-June-2026 Commercial aircraft deliveries accelerating as sup
Slide 11: Defense, Space & Other
Sales 37% DEFENSE, SPACE & OTHER $ millions $747 $721 $709 $725 Rotorcraft | Fighters | Transport | Launch Vehicles | Satellites | Industrial $800 $657 $666 Major programs: F-35, CH-53K, A400M, Black Hawk, European fighters, Rotorcraft blades (both new build & replacement) $400 Active on >100 di
Slide 12: Evolution S&D Composites Adoption
EVOLUTION S&D COMPOSITES ADOPTION Composite content on latest generation military & space platforms is maximized to enhance performance, extend range & payload, and in certain applications, support stealth FUTURE PROGRAMS enabled by composites to optimize performance, range and stealth FULL ADOPTION
Slide 13: Sales & Profitability, Cash Generation
SALES & PROFITABILITY CASH GENERATION $ millions, except EPS $ millions SALES ADJUSTED OPERATING ADJUSTED EBITDA INCOME FREE CASH FLOW (Earnings Before Interest, Taxes, Depreciation & Amortization) $251 $1,978 $236 $1,894 $1,903 $256 $390 $209 $217 $1,789 $203 $346 $382 $1,578 $362 $309 $163 $1,325
Slide 14: 2026 Financial Guidance
2026 FINANCIAL GUIDANCE 2026 GUIDANCE Sales Strong OE backlogs and production targets support Sales multi-year sales growth $2.025 - $2.125 billion Adjusted Diluted EPS EPS $2.30 – $2.40 per share Operating leverage to drive EPS growth Free Cash Flow Greater than $195 million Free cash flow Capital
Slide 15: Reasons to Invest in Hexcel
REASONS TO INVEST IN HEXCEL Investing in Innovation | Achieving Operational Excellence | Strong Investment Fundamentals Leader in Lightweighting Innovation Operational Disciplined Aerospace & Excellence Financial Defense Management Unrivaled product portfolio Driving productivity via: Expanding cash
Slide 16: Appendix
APPENDIX 16 ©2026 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 ©2026 Hexcel. All rights reserved.
Slide 18: Engine & Nacelle Growth Opportunity
Engine & Nacelle Growth Opportunity Engines & nacelles are an attractive Acoustic Lining Panels Outlet Guide Vane market Nacelle Cowling Continuing secular Fan Cowl growth opportunities 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 trailing edge lightweighting 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 provide recurring business based on Blades fleet utilization Seven main blades; Tail rotor blades • 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 Q2 Q2 YTD YTD 2022 2023 2024 2025 2026 2025 2026 2025 Net Income $ 126.3 $ 105.7 $ 132.1 $ 109.4 $ 49.3 $ 13.5 $ 86.5 $ 42.4 Adjustments Interest Expense,
Slide 22: Segment Adjusted Operating Income Reconciliation
Segment Adjusted Operating Income reconciliation US Dollars in millions FY FY FY FY Q2 Q2 YTD YTD Composite Materials 2022 2023 2024 2025 2026 2025 2026 2025 Total sales - Composite Materials $ 1,346.0 $ 1,544.8 $ 1,621.0 $ 1,595.2 $ 448.7 $ 412.6 $ 875.9 $ 798.0 Operating Income 178.2 237.9 215.0 2
Slide 23: Disclaimer
Disclaimer This document and all information contained herein is the sole property of Hexcel Corporation. No intellectual property rights are granted by the delivery of this document or the disclosure of its content. This document shall not be reproduced or disclosed to a third party without the exp