Slide 1: FY 2026 Q3 Earnings Call
FY 2026 Q3 Earnings Call August 4, 2026
Slide 2: Agenda
Agenda TransDigm Overview, Highlights and Outlook Mike Lisman CEO Market Review Patrick Murphy Co-COO Operating Performance and Financial Results Sarah Wynne CFO Q&A 1
Slide 3: Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information
Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including information regarding our guidance for futur
Slide 4: TransDigm Overview
TransDigm Overview Distinguishing Characteristics Highly engineered aerospace components Significant aftermarket content Proprietary products High free cash flow Proprietary Revenues (1) Pro Forma Revenues (1) Pro Forma EBITDA As Defined (1) Non- Proprietary Comm OEM OEM 25% Defense 43% Comm
Slide 5: 2026 Q3 Financial Performance by Markets – Pro Forma
2026 Q3 Financial Performance by Markets – Pro Forma Highlights Q3 Review – Pro Forma Revenues⁽¹⁾ 35% Biz Jet/Heli Actual vs. Prior Year Q3 YTD Commercial OEM: 65% Com Transport Q3 ’26 Commercial Transport Revenue Up 25% Commercial OEM: Up 17% Up 15% Q3 ’26 Business Jet/Helicopter Revenue Up 3%
Slide 6: Third Quarter 2026 Select Financial Results
Third Quarter 2026 Select Financial Results ($ in millions, except per Organic growth 13% share amounts) • Driven by double-digit growth in all 3 major market channels • Offset by lower Non-Aero growth Q3 FY 2026 Q3 FY 2025 Revenue $2,741 $2,237 22.5% Increase Gross Profit $1,628 $1,332 59.4% 59.5%
Slide 7: Fiscal 2026 Outlook
Fiscal 2026 Outlook Market Growth Assumptions(1) FY 2025 Pro Forma Revenue Mix Market FY 2026 Expected Growth 25% Commercial OEM Mid-Teens % Range 32% Commercial Aftermarket Low Double-Digit % Range 43% Defense High Single-Digit to Low Double-Digit % Range Guidance Summary ($ in millions, except per
Slide 8: Fiscal 2026 Select Financial Assumptions
Fiscal 2026 Select Financial Assumptions Select Financial Assumptions for Fiscal 2026 Prior Assumptions (Issued May 2026) Updated Assumptions Capital Expenditures $280 to $310 million No change Full Year Net Interest Expense ≈ $2.02 billion (includes $60 million of interest No change income) Full Ye
Slide 9: Reconciliation of Fiscal 2026 Outlook
Reconciliation of Fiscal 2026 Outlook ($ in millions, except per share amounts) FY 2026 Guidance Midpoint Net income $ 2,126 Adjustments: Includes approx. $38m Depreciation and amortization expense 438 of backlog amortization Interest expense - net 2,020 Income tax provision 653 EBITDA 5,237 Adjustm
Slide 10: Reconciliation of GAAP EPS to Adjusted EPS - Guidance
Reconciliation of GAAP EPS to Adjusted EPS - Guidance Full Year Guidance Thirteen Week Periods Ended Thirty-Nine Week Periods Ended Mid-Point June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 September 30, 2026 GAAP earnings per share $ 9.39 $ 8.47 $ 25.20 $ 24.31 $ 35.80 Adjustments to earnin
Slide 11: Capital Structure
Capital Structure Capital Structure ($ in millions) Actual ($ in millions) 6/27/26 Rate Cash $2,773 $910mm revolver – S + 2.250% $1,000mm AR securitization facility (1) 725 S + 1.350% First lien term loan J due 2031 3,578 S + 2.500% First lien term loan K due 2030 3,526 S + 2.250% First lien term lo
Slide 12: Interest Rate Sensitivity
Interest Rate Sensitivity • Interest rates on TDG’s $33.7Bn of gross Debt is ~ 75% hedged/fixed rate through fiscal year 2029 • Achieved via a combination of interest rate caps, swaps and collars • Significantly reduces near-term exposure to any variable rate increases $ in millions Current FY 26 As
Slide 13: Debt Maturity Profile
Debt Maturity Profile Debt Maturity Profile ($MM) Debt Maturity Profile and Interest Rates $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Calendar Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Secured Term Loans Secured Notes Sr Sub Notes Note 1: $910M Revolver matures in February 2029
Slide 14: Appendix: Reconciliation of Net Income to EBITDA and EBITDA As Defined
Appendix: Reconciliation of Net Income to EBITDA and EBITDA As Defined ($ in millions) Thirteen Week Periods Ended Thirty-Nine Week Periods Ended June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net Income $ 540 $ 493 $ 1,521 $ 1,465 Adjustments: Depreciation and amortization expense 118 91 3
Slide 15: Appendix: Reconciliation of Reported EPS to Adjusted EPS
Appendix: Reconciliation of Reported EPS to Adjusted EPS ($ in millions, except per share amounts) Thirteen Week Periods Ended Thirty-Nine Week Periods Ended Reported Earnings Per Share June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Net income $ 540 $ 493 $ 1,521 $ 1,465 Less: Net income at
Slide 16: Appendix: Reconciliation of Net Cash Provided by Operating Activities to EBITDA and EBITDA As Defined
Appendix: Reconciliation of Net Cash Provided by Operating Activities to EBITDA and EBITDA As Defined ($ in millions) T Thirty-Nine Week Periods Ended June 27, 2026 June 28, 2025 Net cash provided by operating activities $ 1,691 $ 1,531 Adjustments: Changes in assets and liabilities, net of effects