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UBS Aerospace and Defense
Boston Investor Day




May 14, 2008
Forward Looking Statements


    Certain statements made in this presentation are forward-looking statements within the meaning
    of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans,
    objectives and expected performance. The Company cautions readers that any such forward-
    looking statements are based on assumptions that the Company believes are reasonable, but are
    subject to a wide range of risks, and actual results may differ materially.

    Important factors that could cause actual results to differ include, but are not limited to: demand
    for and market acceptance of new and existing products, such as the Airbus A350 XWB and A380,
    the Boeing 787 Dreamliner, the Embraer 190, the Dassault Falcon 7X, and the Lockheed Martin F-
    35 Lightning II and F-22 Raptor; the health of the commercial aerospace industry, including the
    impact of bankruptcies and/or mergers in the airline industry; global demand for aircraft spare
    parts and aftermarket services; and other factors discussed in the Company's filings with the
    Securities and Exchange Commission and in the Company's April 24, 2008 First Quarter 2008
    Results press release.

    The Company cautions you not to place undue reliance on the forward-looking statements
    contained in this presentation, which speak only as of the date on which such statements were
    made. The Company undertakes no obligation to release publicly any revisions to these forward-
    looking statements to reflect events or circumstances after the date on which such statements
    were made or to reflect the occurrence of unanticipated events.


2
Company Overview - Goodrich
GR Portfolio Attributes                      Results
    Proprietary products                        More predictable revenue
                                                and income growth
    Non-discretionary repair/
    replacement cycles                          Sustainable leadership
                                                positions
    Large installed base drives
                                                Diverse product portfolio and
    aftermarket sales
                                                balanced customer base
    Participation on every large
                                                Sustainable EPS and cash
    commercial and regional jet platform
                                                flow growth
    Significant defense & space presence




3
Goodrich
                                                    Strategic Imperatives


                              Top Quartile
                           Financial Returns




                               Conclusion
                              Leverage the                Operational
    Balanced Growth
                               Enterprise                 Excellence




            Our strategy has delivered consistent, positive results
4
Recent Highlights


    Selected by Pratt & Whitney to supply nacelle systems for Geared Turbofan engine
    for Mitsubishi Regional Jet and Bombardier CSeries aircraft

    Completed acquisition of TEAC Aerospace Holdings, a leading provider of airborne
    mission data

    Announced contracts to supply several advanced systems for use on the new
    Gulfstream G650 large business jet

    Increased share repurchase program to $600 million, primarily to minimize dilution
    from share-based compensation plans

    First quarter 2008 results, compared with first quarter 2007
         Sales grew 13% - above market growth rates in all major market channels
         Segment OI margin increased from 14.9% to 17.3%
         Net income per diluted share of $1.24 – a 59% increase over first quarter 2007
          – Includes income of $0.03 per diluted share from discontinued operations


5
First Quarter 2008 Sales by Market Channel
                                                     Total Sales $1.745 Billion
    Total Defense and                   Other                        Total Commercial OE
                                         6%
          Space                                                              34%
                                                      Boeing
           24%                                     Commercial OE
                                                       10%

         Defense &
        Space, OE &                                                      Airbus
        Aftermarket                                                   Commercial OE
            24%                                                           16%
                                   OE



                             AM                                                Regional,
                                                                            Business & Gen.
                                                                                Av. OE
                                                                                  8%
                                         Large Commercial Aircraft
                                               Aftermarket
                                                   29%
       Regional, Business &
    General Aviation Aftermarket
                7%                                            Total Commercial
                                                                 Aftermarket
                                                                     36%
6     Balanced business mix; aftermarket represents 45% of total sales
Notional Cycle Dynamics
                                                            and Potential Impact on Goodrich

                                           1,100+
                                          Deliveries
                        Annual
                  Airplane Deliveries
     Total
     Active                                                  Equilibrium Period
                                                       •   OE sales growth              OE Production Declines
     Fleet
                                                           flattens                    • OE sales decline
                                                       •   AM growth continues         • AM growth continues
                                                       •   Stable Defense &              • Fleet additions reach
      15,000+                                              Space markets                   major repair period
       in fleet              Investment period                                         • Stable Defense &
                                                     •     Cash flow improves
                  •   High OE sales growth                                               Space markets
                  •   Aftermarket growth accelerates                                   • Cash flow improves
                  •   Stable Defense & Space markets                                   • EPS grows > sales
                  •   Higher cash needs
                      • Working Capital
                      • Capex
                      • Program Investments

      OE                 Production Rate Increases;           Production Peaks             Production Declines
     Cycle            New Development Programs Begin       New Airplanes In Service   Active Fleet Much Larger than
    Trough                 Fleet Increases Rapidly           Fleet Growth Slows           at Beginning of Cycle


7
Aerospace and Defense Themes
    Commercial Aircraft Original Equipment Production
        Record levels of new orders for commercial airplanes in 2007
        Expect more orders than deliveries in 2008 – book-to-bill greater than 1
        Manufacturers continue to raise production rates
        Strong orders for new models entering production, especially Boeing’s 787 Dreamliner
        and Airbus A350 XWB
        Deliveries expected to increase through 2011 with slight drop in 2012
        Continued strong demand for larger regional jets

    Commercial Aircraft Aftermarket Products and Services
        Worldwide growth in available seat miles supports demand for replacement parts and
        repair and overhaul services
         – Expect 4 – 5 percent base volume growth over the long-term
         – Consistent and predictable over the cycle
        Aging aircraft fleet drives additional growth for many popular models of aircraft

    Defense and Space Products and Services
        Strong demand for products supporting platforms
         – Original equipment and aftermarket
         – Good positions on newly funded platforms (e.g. Black Hawk helicopters, F-35)
        New opportunities for mission equipment and intelligence, surveillance and
        reconnaissance (ISR) products


8
Commercial Original Equipment
                    Total Commercial OE
       Boeing               34%
    Commercial OE
        10%



                          Airbus
                       Commercial OE
                           16%




                              Regional,
                           Business & Gen.
                               Av. OE
                                 8%




9
Commercial OE Production Drivers


     World GDP: macro driver

     World available seat mile (ASM) and
     revenue passenger mile (RPM) growth

     Airline profitability

     Aircraft retirements
        Driven by aircraft age and fuel burn
        efficiency




10
Commercial Airplane Delivery Forecast

             1,400

             1,200

             1,000

              800
     Units




              600

              400

              200

                0
                     2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

                                         Actuals   GR Outlook
11
Large Commercial Aircraft - On Order Distribution
                 Total Backlog as of Dec. 31, 2007 - >6,800 large commercial airplanes
                              By Region                                 By Customer Type
                   North
                  America
                   14%                                             Mature 78%
                                             Europe 23%




                                                      Leasing
                                                       11%
        Asia 32%
                                                        L&S
                                                      America 5%

                                                                                          Start-up 10%
               Africa 1%
                                        Middle East
                        Unidentified       10%                                  Leasing 12%
                            5%


               Backlog is well-balanced by region and customer type
Source: Boeing, Airbus, Ascend CASE
12
Commercial Aircraft Deliveries
     1600                                                                                 20%

                                                                                          18%
     1400                 Deliveries   Net Deliveries   % Active Fleet   Threshold
                                                                                          16%
     1200
                                                                                          14%
     1000
                                                                                          12%

       800                                                                                10%

                                                                                          8%
       600
                                                                                          6%
       400
                                                                                          4%
       200
                                                                                          2%

           0                                                                              0%
            70
            72
            74
            76
            78
            80
            82
            84
            86
            88
            90
            92
            94
            96
            98
            00
            02
            04
            06
            08
            10
            12
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          19
          20
          20
          20
          20
          20
          20
          20
                  Deliveries in the current cycle do not seem excessive
                                  relative to the total fleet
Source: The Airline Monitor
13
Increasing Content per Aircraft
                           Original Equipment Production
                              High Airbus content – on high growth platforms
                              Aircraft introductions between now and 2013 will help support higher
                              production/delivery levels later
                               – A380, 787, 747-8, A350


                                                                                        A380
                                    Current Model
     Average Content per




                                    New Models                                   B747
        Aircraft ($M)




                                                       B787,
                                                       A350

                                               B767,             B777,
                                B737,          A330              A340
                                A320




                             Single Aisle   Medium Twin        Large Twin      Very Large
                                               Aisle              Aisle        Twin Aisle

           Higher Goodrich content on new aircraft than on aircraft being replaced
14
Commercial and Defense and Space Aftermarket




     Defense and Space
        Aftermarket
            9%


                                     Large Commercial Aircraft
                                           Aftermarket
       Regional, Business,                     29%
       & General Aviation
          Aftermarket
              7%
                                                                 Total Aftermarket
                                                                        45%
15
Goodrich Content on
                                                                    Forecast In-Service Fleet
     25,000                                                                          Total Growth
                         A/C with lower GR aftermarket                              Rate 2008 – 2015
                         A/C with higher GR aftermarket                                    4%

     20,000



     15,000


                                                                                      Growth Rate
     10,000                                                                           2008 – 2015
                                                                                          8%



      5,000



         0
              2000       2002           2004   2006   2008   2010    2012   2014

     Goodrich has higher aftermarket content on airplanes least likely to be retired,
       expected to help continue above market growth rate for aftermarket sales
16            Source: Airline Monitor
Importance of Key Aircraft Platforms
                                                       2006 Aftermarket Revenue
                                                                                                       A320 Airline Fleet
                                         A320
                                                F-18
                                                               F-16 F-15      C-5 Tor
787      A380          EMB190
                                                 C-130
                                         A330/ 747
                                                     C-17
                                                       Other
                                                                     A300/ MD11/
                                                                                                       2006 = 3,350 aircraft      2018 = 6,700 aircraft
                                                               757                  MD90/DC8,9
F-35      Typhoon   F-22            737NG 340          OOP
                                                                      310 DC10
                                   777     ERJ145
                                                 717
                                                     767
                                                                                                       6 SBUs/700 Part Numbers
                       Five Year Projected Platform Maturity = $6B
                                                    Profits
  Introduction
 Introduction
                              Growth
                                Growth                      Maturity
                                                                                   Decline
                                                                                    Decline            $3-7M Potential Aftermarket Lifecycle Revenue Per A320

                  8000
                                                • Aerostructures                                                                A320 Fleet Growth
                  7000                          • Wheels & Brakes                                                                      (historical & expected)
                  6000                          • Actuation Systems
                                                • Interiors
                  5000
       Aircraft




                                                • Sensors & Integrated
                  4000                            Systems
                                                • Engine Controls &
                  3000                            Electrical Power Systems
                  2000
                  1000
                     0
                           88

                                         92

                                                      96

                                                                        00

                                                                                        04

                                                                                                  08

                                                                                                        12

                                                                                                              16

                                                                                                                    20

                                                                                                                          24

                                                                                                                                28

                                                                                                                                      32

                                                                                                                                             37

                                                                                                                                                    41
                                                                                                                               20

                                                                                                                                     20

                                                                                                                                           20

                                                                                                                                                  20
                    19

                                  19

                                                    19

                                                                 20

                                                                                   20

                                                                                                 20

                                                                                                       20

                                                                                                             20

                                                                                                                   20

                                                                                                                         20

                  Significant Goodrich content and fleet size drive A320 aftermarket growth
17
Aftermarket Summary

     Goodrich-installed base of aftermarket products provides
     excellent growth opportunity
     A320 fleet will exist for another 30 to 35 years
     New program wins position Goodrich for future aftermarket
     growth
     MRO capacity in place to support growth
     Driving operational excellence – speed & ease



             Building a best-in-class, integrated system to leverage
                         and grow aftermarket business



18
Sales by Market Channel
                                                  2007 YTD
     Total Defense and
           Space
            24%


         Defense &
        Space, OE &
        Aftermarket
            24%               OE



                         AM




19
Defense & Space Market

     Focused pursuit of Military Market is key to our
     Balanced Growth Strategy
     We have significant opportunities for growth
     within a flat Military spending environment
     Spending in Goodrich related accounts is robust
        ISR Investment
        Helicopters
        Aftermarket




20
Goodrich Defense & Space Sales

         Platforms                     2007 SALES
                                          $1.6B
                                                                                 Payloads



             Tactical Jets




                                 $1.2B                   $0.4
                                                         27%                   ISR, Classified and other
                                  73%
     Transport & Special
        Mission A/C
                                                                           Security Systems

                                                                         Space Systems
                                                                      Ground Vehicle Systems

                                                                Missiles and Precision Weapons
                                          UAVs
                                           Marine
                  Rotary Wing
                                        Space Vehicles


        Strong position in platforms                      Payload area offers strong growth
21
F-35 (Joint Strike Fighter)

                                                       Modulated Exhaust Cooling Duct

     Fuel Management System




     Engine Sensors



                                                                      Power Take Off Shafts

                                                                   Weapons Bay Door Actuator


                                                                      Engine Ice Detection &
                                                                      Protection
                                                                                    Landing Gear Systems


                              Air Data System




22
                                                $3M Goodrich Content
CH-53K
                                                                                   Goodrich Potential Content
                                                                         Actuation Systems Including
                                                                         Main & Tail Actuators and
                                                                         Hydraulic Systems
                                       Mechanical Diagnostics



                                  Engine Control Systems
                                                                                                                  Exterior Lighting

                                                                                                            Driveshafts & Flexible Couplings
                                      Engine Sensors
               Engine & Rotor Ice     & Components                                                          Laser Warning
               Protection Systems                                                                           Receivers

                  Rescue Hoists

                            Ice Rate Sensing                                                     Fuel Injection Systems
                            Systems
            Cockpit & Interior Lighting
     Windshield Wiper Systems                                                                     Wheels & Brakes
                                                                                    Life Rafts
             Fuel & Utility Systems
                                                                        Intelligent Power Distribution Systems
Canopy Severance System                                          Vehicle Health Management
                                                                  Cabin Heating Systems

                                                                  Landing Gear
                   Air Data Sensors &
                   SmartProbe™ Systems                          Crew seats



23
                                  Goodrich potential content: $1.5 - $2.0 per shipset
Military Helicopter Market

                                                                                                                                       Fighters
                                 U.S. Military Aircraft Production                                                                       27%
             500
                                                                                          Helicopters
                                                                                              40%
             400

             300

             200
                          2007       2008        2009         2010     2011       2012
                                                                                                                                        Transports &
                                        Helicopters     Fixed Wing                                                                      Tankers 15%

                                                                                                                               Recon & Surv
                                                                                                                 Trainers
                          World Military Helicopter Production                                                                     5%
                                                                                                                   13%
           800
           700
                                                                                                                      Major Programs
           600
           500                                                                                      Platform                QTY        Prime
           400                                                                                          UH-60M              1200       Sikorsky
           300                                                                                          CH-53K               227       Sikorsky
           200
                                                                                                        CH-47F               513       Boeing
           100
              0                                                                                         AH-64 Block III      639       Boeing
                     2007           2008        2009         2010     2011        2012                  ARH                  512       Bell
                   Bell    Boeing    Sikorsky    AgustaWestland      Eurocopter   Other                 LUH                  322       EADS

     1   Data from Forecast International, Teal Group, DoD Budgets


24
                          Helicopters are 55% of future production and 40% of current inventory
Intelligence Surveillance
                                                            Reconnaissance Market

     ISR is a priority for military budgets worldwide
      Global War On Terrorism (GWOT)
      Transition to Unmanned Aerial Vehicles (UAV) platforms
      Upgrade tactical reconnaissance cameras from film to digital
      Operationally Responsive Space (ORS)

 Goodrich products, competencies and investments well positioned




          GWOT                                     Film to Digital
       U2 product                               DB-110 has captured
     utilization at all          UAV            90% of international         ORS
         time high                                    awards
                          Growing Operational                          Under contract to
                          Need within US and                           modify U2 camera
                             UK for DB110                                 for Space
25
Defense & Space Market Summary


     Focused pursuits and advanced technology are keys to growth
        Space
        Airborne
        Ground

     Goodrich well positioned in aircraft platform content
        New Programs, Upgrades, Aftermarket

     Payload area offers significant growth potential
        ISR Systems – GWOT, UAV, ORS




26
Delivering Sustained Sales Growth
                                                                        and Margin Expansion
 $M                           Sales
                                                                    Segment Operating Income Margins
                      (Trailing Four Qtrs.)
                                                                          (Trailing Four Qtrs.)
7,000
                                                          18.0%

6,500                                                     16.0%


6,000                                                     14.0%


                                                          12.0%
5,500

                                                          10.0%
5,000
                                                          8.0%
4,500
                                                          6.0%

4,000
                                                          4.0%

3,500                                                     2.0%


3,000                                                     0.0%
         Q4     Q2      Q4     Q2     Q4     Q2     Q4             Q4     Q2     Q4     Q2     Q4     Q2     Q4
        2004   2005    2005   2006   2006   2007   2007           2004   2005   2005   2006   2006   2007   2007




 27
2008 Sales Expectations
                                                                         By Market Channel

 Full Year                          2007       2008
   2007              Market       Goodrich   Goodrich          Market expectations - 2009 and beyond
 Sales Mix                         Actual    Expected
                                   Growth     Growth
     10%     Boeing OE Del.                              Growth continues for 737, 777, A320;
     15%     Airbus OE Del.                              A380, 787 and A350 introductions support
     25%      Total (GR Weight)     8%        ~20%       deliveries past normal peak


     8%      Regional/Bus/GA        20%       ~15%       CF34-10 Engine Nacelles and tail cone on
             OE (Weighted)                               EMBRAER 190 support continued growth through
                                                         the cycle

     36%     Aftermarket            16%      ~8 - 11%    Airbus AM growing faster due to fleet aging,
             (Commercial/                                excellent product positions plus outsourcing trend
             Regional/Bus/GA)                            support higher than market growth rate


     25%     Defense and Space      7%       ~9 - 11%    OE - Positions on funded platforms worldwide, new
             OE and Aftermarket                          products provide stable growth
                                                         Aftermarket - Platform utilization, upgrade
                                                         opportunities support long-term growth

     6%      Other                  14%       ~12%
     100%    Total                  12%      ~13 - 14%


28
2008 Outlook
                                                           P&L Summary ($M)

                                         Actual       Estimate
                                          2007          2008             B/(W)
     Sales                               $6.4B        $7.2-$7.3B    ~13 - 14%

     EPS (Diluted)

       - Continuing Operations           $3.88       $4.27-$4.42        +10-14%

       - Reported                        $3.78       $4.30-$4.45        +14-18%

     Net cash provided by operating
     activities, minus capital
     expenditures, as a percent of net    64%           >75%              N/A
     income


     Capital Expenditures                $283        $275 - $325    $8 – ($42)
     Effective Tax Rate                   31%         33 – 35%          +2 - 4%


                   Strong Sales and EPS growth and improved cash flow
29
The Value Proposition for Goodrich


     Leadership positions and growing market share
        Leads to sustainable growth in high margin aftermarket
     Above market organic growth in sales
        Original equipment - increased share on new programs
        Aftermarket – growing content, worldwide MRO footprint
        Military – F-35 (JSF), ISR and helicopter platforms
     Aftermarket expected to drive margins and earnings growth
     after OE cycle peaks
     Cash flow improving and robust over the cycle
     Demonstrated ability to execute



      Goodrich is uniquely positioned for sales, earnings and cash flow
                                   growth
30

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goodrich UBSBostonInvestorDay5142008

  • 1. UBS Aerospace and Defense Boston Investor Day May 14, 2008
  • 2. Forward Looking Statements Certain statements made in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's future plans, objectives and expected performance. The Company cautions readers that any such forward- looking statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks, and actual results may differ materially. Important factors that could cause actual results to differ include, but are not limited to: demand for and market acceptance of new and existing products, such as the Airbus A350 XWB and A380, the Boeing 787 Dreamliner, the Embraer 190, the Dassault Falcon 7X, and the Lockheed Martin F- 35 Lightning II and F-22 Raptor; the health of the commercial aerospace industry, including the impact of bankruptcies and/or mergers in the airline industry; global demand for aircraft spare parts and aftermarket services; and other factors discussed in the Company's filings with the Securities and Exchange Commission and in the Company's April 24, 2008 First Quarter 2008 Results press release. The Company cautions you not to place undue reliance on the forward-looking statements contained in this presentation, which speak only as of the date on which such statements were made. The Company undertakes no obligation to release publicly any revisions to these forward- looking statements to reflect events or circumstances after the date on which such statements were made or to reflect the occurrence of unanticipated events. 2
  • 3. Company Overview - Goodrich GR Portfolio Attributes Results Proprietary products More predictable revenue and income growth Non-discretionary repair/ replacement cycles Sustainable leadership positions Large installed base drives Diverse product portfolio and aftermarket sales balanced customer base Participation on every large Sustainable EPS and cash commercial and regional jet platform flow growth Significant defense & space presence 3
  • 4. Goodrich Strategic Imperatives Top Quartile Financial Returns Conclusion Leverage the Operational Balanced Growth Enterprise Excellence Our strategy has delivered consistent, positive results 4
  • 5. Recent Highlights Selected by Pratt & Whitney to supply nacelle systems for Geared Turbofan engine for Mitsubishi Regional Jet and Bombardier CSeries aircraft Completed acquisition of TEAC Aerospace Holdings, a leading provider of airborne mission data Announced contracts to supply several advanced systems for use on the new Gulfstream G650 large business jet Increased share repurchase program to $600 million, primarily to minimize dilution from share-based compensation plans First quarter 2008 results, compared with first quarter 2007 Sales grew 13% - above market growth rates in all major market channels Segment OI margin increased from 14.9% to 17.3% Net income per diluted share of $1.24 – a 59% increase over first quarter 2007 – Includes income of $0.03 per diluted share from discontinued operations 5
  • 6. First Quarter 2008 Sales by Market Channel Total Sales $1.745 Billion Total Defense and Other Total Commercial OE 6% Space 34% Boeing 24% Commercial OE 10% Defense & Space, OE & Airbus Aftermarket Commercial OE 24% 16% OE AM Regional, Business & Gen. Av. OE 8% Large Commercial Aircraft Aftermarket 29% Regional, Business & General Aviation Aftermarket 7% Total Commercial Aftermarket 36% 6 Balanced business mix; aftermarket represents 45% of total sales
  • 7. Notional Cycle Dynamics and Potential Impact on Goodrich 1,100+ Deliveries Annual Airplane Deliveries Total Active Equilibrium Period • OE sales growth OE Production Declines Fleet flattens • OE sales decline • AM growth continues • AM growth continues • Stable Defense & • Fleet additions reach 15,000+ Space markets major repair period in fleet Investment period • Stable Defense & • Cash flow improves • High OE sales growth Space markets • Aftermarket growth accelerates • Cash flow improves • Stable Defense & Space markets • EPS grows > sales • Higher cash needs • Working Capital • Capex • Program Investments OE Production Rate Increases; Production Peaks Production Declines Cycle New Development Programs Begin New Airplanes In Service Active Fleet Much Larger than Trough Fleet Increases Rapidly Fleet Growth Slows at Beginning of Cycle 7
  • 8. Aerospace and Defense Themes Commercial Aircraft Original Equipment Production Record levels of new orders for commercial airplanes in 2007 Expect more orders than deliveries in 2008 – book-to-bill greater than 1 Manufacturers continue to raise production rates Strong orders for new models entering production, especially Boeing’s 787 Dreamliner and Airbus A350 XWB Deliveries expected to increase through 2011 with slight drop in 2012 Continued strong demand for larger regional jets Commercial Aircraft Aftermarket Products and Services Worldwide growth in available seat miles supports demand for replacement parts and repair and overhaul services – Expect 4 – 5 percent base volume growth over the long-term – Consistent and predictable over the cycle Aging aircraft fleet drives additional growth for many popular models of aircraft Defense and Space Products and Services Strong demand for products supporting platforms – Original equipment and aftermarket – Good positions on newly funded platforms (e.g. Black Hawk helicopters, F-35) New opportunities for mission equipment and intelligence, surveillance and reconnaissance (ISR) products 8
  • 9. Commercial Original Equipment Total Commercial OE Boeing 34% Commercial OE 10% Airbus Commercial OE 16% Regional, Business & Gen. Av. OE 8% 9
  • 10. Commercial OE Production Drivers World GDP: macro driver World available seat mile (ASM) and revenue passenger mile (RPM) growth Airline profitability Aircraft retirements Driven by aircraft age and fuel burn efficiency 10
  • 11. Commercial Airplane Delivery Forecast 1,400 1,200 1,000 800 Units 600 400 200 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Actuals GR Outlook 11
  • 12. Large Commercial Aircraft - On Order Distribution Total Backlog as of Dec. 31, 2007 - >6,800 large commercial airplanes By Region By Customer Type North America 14% Mature 78% Europe 23% Leasing 11% Asia 32% L&S America 5% Start-up 10% Africa 1% Middle East Unidentified 10% Leasing 12% 5% Backlog is well-balanced by region and customer type Source: Boeing, Airbus, Ascend CASE 12
  • 13. Commercial Aircraft Deliveries 1600 20% 18% 1400 Deliveries Net Deliveries % Active Fleet Threshold 16% 1200 14% 1000 12% 800 10% 8% 600 6% 400 4% 200 2% 0 0% 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 19 19 19 19 19 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 Deliveries in the current cycle do not seem excessive relative to the total fleet Source: The Airline Monitor 13
  • 14. Increasing Content per Aircraft Original Equipment Production High Airbus content – on high growth platforms Aircraft introductions between now and 2013 will help support higher production/delivery levels later – A380, 787, 747-8, A350 A380 Current Model Average Content per New Models B747 Aircraft ($M) B787, A350 B767, B777, B737, A330 A340 A320 Single Aisle Medium Twin Large Twin Very Large Aisle Aisle Twin Aisle Higher Goodrich content on new aircraft than on aircraft being replaced 14
  • 15. Commercial and Defense and Space Aftermarket Defense and Space Aftermarket 9% Large Commercial Aircraft Aftermarket Regional, Business, 29% & General Aviation Aftermarket 7% Total Aftermarket 45% 15
  • 16. Goodrich Content on Forecast In-Service Fleet 25,000 Total Growth A/C with lower GR aftermarket Rate 2008 – 2015 A/C with higher GR aftermarket 4% 20,000 15,000 Growth Rate 10,000 2008 – 2015 8% 5,000 0 2000 2002 2004 2006 2008 2010 2012 2014 Goodrich has higher aftermarket content on airplanes least likely to be retired, expected to help continue above market growth rate for aftermarket sales 16 Source: Airline Monitor
  • 17. Importance of Key Aircraft Platforms 2006 Aftermarket Revenue A320 Airline Fleet A320 F-18 F-16 F-15 C-5 Tor 787 A380 EMB190 C-130 A330/ 747 C-17 Other A300/ MD11/ 2006 = 3,350 aircraft 2018 = 6,700 aircraft 757 MD90/DC8,9 F-35 Typhoon F-22 737NG 340 OOP 310 DC10 777 ERJ145 717 767 6 SBUs/700 Part Numbers Five Year Projected Platform Maturity = $6B Profits Introduction Introduction Growth Growth Maturity Decline Decline $3-7M Potential Aftermarket Lifecycle Revenue Per A320 8000 • Aerostructures A320 Fleet Growth 7000 • Wheels & Brakes (historical & expected) 6000 • Actuation Systems • Interiors 5000 Aircraft • Sensors & Integrated 4000 Systems • Engine Controls & 3000 Electrical Power Systems 2000 1000 0 88 92 96 00 04 08 12 16 20 24 28 32 37 41 20 20 20 20 19 19 19 20 20 20 20 20 20 20 Significant Goodrich content and fleet size drive A320 aftermarket growth 17
  • 18. Aftermarket Summary Goodrich-installed base of aftermarket products provides excellent growth opportunity A320 fleet will exist for another 30 to 35 years New program wins position Goodrich for future aftermarket growth MRO capacity in place to support growth Driving operational excellence – speed & ease Building a best-in-class, integrated system to leverage and grow aftermarket business 18
  • 19. Sales by Market Channel 2007 YTD Total Defense and Space 24% Defense & Space, OE & Aftermarket 24% OE AM 19
  • 20. Defense & Space Market Focused pursuit of Military Market is key to our Balanced Growth Strategy We have significant opportunities for growth within a flat Military spending environment Spending in Goodrich related accounts is robust ISR Investment Helicopters Aftermarket 20
  • 21. Goodrich Defense & Space Sales Platforms 2007 SALES $1.6B Payloads Tactical Jets $1.2B $0.4 27% ISR, Classified and other 73% Transport & Special Mission A/C Security Systems Space Systems Ground Vehicle Systems Missiles and Precision Weapons UAVs Marine Rotary Wing Space Vehicles Strong position in platforms Payload area offers strong growth 21
  • 22. F-35 (Joint Strike Fighter) Modulated Exhaust Cooling Duct Fuel Management System Engine Sensors Power Take Off Shafts Weapons Bay Door Actuator Engine Ice Detection & Protection Landing Gear Systems Air Data System 22 $3M Goodrich Content
  • 23. CH-53K Goodrich Potential Content Actuation Systems Including Main & Tail Actuators and Hydraulic Systems Mechanical Diagnostics Engine Control Systems Exterior Lighting Driveshafts & Flexible Couplings Engine Sensors Engine & Rotor Ice & Components Laser Warning Protection Systems Receivers Rescue Hoists Ice Rate Sensing Fuel Injection Systems Systems Cockpit & Interior Lighting Windshield Wiper Systems Wheels & Brakes Life Rafts Fuel & Utility Systems Intelligent Power Distribution Systems Canopy Severance System Vehicle Health Management Cabin Heating Systems Landing Gear Air Data Sensors & SmartProbe™ Systems Crew seats 23 Goodrich potential content: $1.5 - $2.0 per shipset
  • 24. Military Helicopter Market Fighters U.S. Military Aircraft Production 27% 500 Helicopters 40% 400 300 200 2007 2008 2009 2010 2011 2012 Transports & Helicopters Fixed Wing Tankers 15% Recon & Surv Trainers World Military Helicopter Production 5% 13% 800 700 Major Programs 600 500 Platform QTY Prime 400 UH-60M 1200 Sikorsky 300 CH-53K 227 Sikorsky 200 CH-47F 513 Boeing 100 0 AH-64 Block III 639 Boeing 2007 2008 2009 2010 2011 2012 ARH 512 Bell Bell Boeing Sikorsky AgustaWestland Eurocopter Other LUH 322 EADS 1 Data from Forecast International, Teal Group, DoD Budgets 24 Helicopters are 55% of future production and 40% of current inventory
  • 25. Intelligence Surveillance Reconnaissance Market ISR is a priority for military budgets worldwide Global War On Terrorism (GWOT) Transition to Unmanned Aerial Vehicles (UAV) platforms Upgrade tactical reconnaissance cameras from film to digital Operationally Responsive Space (ORS) Goodrich products, competencies and investments well positioned GWOT Film to Digital U2 product DB-110 has captured utilization at all UAV 90% of international ORS time high awards Growing Operational Under contract to Need within US and modify U2 camera UK for DB110 for Space 25
  • 26. Defense & Space Market Summary Focused pursuits and advanced technology are keys to growth Space Airborne Ground Goodrich well positioned in aircraft platform content New Programs, Upgrades, Aftermarket Payload area offers significant growth potential ISR Systems – GWOT, UAV, ORS 26
  • 27. Delivering Sustained Sales Growth and Margin Expansion $M Sales Segment Operating Income Margins (Trailing Four Qtrs.) (Trailing Four Qtrs.) 7,000 18.0% 6,500 16.0% 6,000 14.0% 12.0% 5,500 10.0% 5,000 8.0% 4,500 6.0% 4,000 4.0% 3,500 2.0% 3,000 0.0% Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q4 Q2 Q4 Q2 Q4 Q2 Q4 2004 2005 2005 2006 2006 2007 2007 2004 2005 2005 2006 2006 2007 2007 27
  • 28. 2008 Sales Expectations By Market Channel Full Year 2007 2008 2007 Market Goodrich Goodrich Market expectations - 2009 and beyond Sales Mix Actual Expected Growth Growth 10% Boeing OE Del. Growth continues for 737, 777, A320; 15% Airbus OE Del. A380, 787 and A350 introductions support 25% Total (GR Weight) 8% ~20% deliveries past normal peak 8% Regional/Bus/GA 20% ~15% CF34-10 Engine Nacelles and tail cone on OE (Weighted) EMBRAER 190 support continued growth through the cycle 36% Aftermarket 16% ~8 - 11% Airbus AM growing faster due to fleet aging, (Commercial/ excellent product positions plus outsourcing trend Regional/Bus/GA) support higher than market growth rate 25% Defense and Space 7% ~9 - 11% OE - Positions on funded platforms worldwide, new OE and Aftermarket products provide stable growth Aftermarket - Platform utilization, upgrade opportunities support long-term growth 6% Other 14% ~12% 100% Total 12% ~13 - 14% 28
  • 29. 2008 Outlook P&L Summary ($M) Actual Estimate 2007 2008 B/(W) Sales $6.4B $7.2-$7.3B ~13 - 14% EPS (Diluted) - Continuing Operations $3.88 $4.27-$4.42 +10-14% - Reported $3.78 $4.30-$4.45 +14-18% Net cash provided by operating activities, minus capital expenditures, as a percent of net 64% >75% N/A income Capital Expenditures $283 $275 - $325 $8 – ($42) Effective Tax Rate 31% 33 – 35% +2 - 4% Strong Sales and EPS growth and improved cash flow 29
  • 30. The Value Proposition for Goodrich Leadership positions and growing market share Leads to sustainable growth in high margin aftermarket Above market organic growth in sales Original equipment - increased share on new programs Aftermarket – growing content, worldwide MRO footprint Military – F-35 (JSF), ISR and helicopter platforms Aftermarket expected to drive margins and earnings growth after OE cycle peaks Cash flow improving and robust over the cycle Demonstrated ability to execute Goodrich is uniquely positioned for sales, earnings and cash flow growth 30