TransDigm Group, Inc. (NYSE:TDG) Q3 2022 Earnings Conference Call August 9, 2022 11:00 AM ET Company Participants Jaimie Stemen - Manager, Financial Reporting Kevin Stein - President, CEO & Director Jorge Valladares - COO Michael Lisman - CFO Conference Call Participants David Strauss - Barclays Bank Kenneth Herbert - RBC Capital Markets Noah Poponak - Goldman Sachs Group Nicholas Zhang - Credit Suisse Michael Ciarmoli - Truist Securities Gautam Khanna - Cowen and Company Kristine Liwag - Morgan Stanley Rob ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 2, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-32833 TransDigm Group Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdictio ...

FY 2022 Q2 Earnings Call May 10, 2022 Agenda TransDigm Overview, Highlights and Outlook Kevin Stein President and CEO Market Review Jorge L. Valladares III COO Operating Performance and Financial Results Mike Lisman CFO Q&A 1 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 guid ...

Financial Data and Key Metrics Changes - The company reported EBITDA of approximately $633 million for Q2, up 22% compared to the prior year [44] - EBITDA margin was approximately 47.7%, representing a year-over-year improvement of about 420 basis points [45] - Free cash flow for the quarter was roughly $222 million, slightly lower due to timing issues [47] - The net debt to EBITDA ratio improved to 6.6x, down from 8.2x at its peak [52] Business Line Data and Key Metrics Changes - Total commercial OEM revenue increased approximately 28% in Q2 compared to the prior year [32] - Total commercial aftermarket revenue increased by approximately 46% in Q2 compared to the prior year [34] - Defense market revenue decreased by approximately 2% in Q2 compared to the prior year [41] Market Data and Key Metrics Changes - Domestic leisure travel recovery is driving the commercial aerospace market, while international travel is slowly improving [12][14] - Global revenue passenger miles remain depressed but have shown improvement since January [35] - IATA expects passenger traffic to return to pre-pandemic levels in 2023, a year earlier than previously forecasted [37] Company Strategy and Development Direction - The company focuses on proprietary aerospace businesses with significant aftermarket content, aiming for private equity-like returns with public market liquidity [10] - Capital allocation includes share repurchases, acquisitions, and dividends, with all options remaining on the table [21] - The company is actively looking for M&A opportunities that fit its model, with a decent pipeline of possibilities [22] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the recovery in commercial aerospace, despite ongoing challenges from COVID-19 and supply chain issues [11][24] - The company expects to reinitiate guidance in November 2022, assuming favorable conditions continue [23] - Full-year fiscal 2022 EBITDA margin is expected to approach 48% due to the recovery in commercial aftermarket [27] Other Important Information - The company repurchased approximately 1 million shares for $667 million at an average price of $637 per share [17] - The acquisition of DART Aerospace for approximately $360 million is expected to close in the second half of fiscal 2022 [18] Q&A Session Summary Question: What is the revenue exposure to China and any short-term impacts from COVID lockdowns? - Management noted that China is included in current numbers, with depressed flight activity but some signs of recovery in the rest of Asia [59] Question: Why is the aerospace aftermarket business growing faster than the end market? - Management indicated that orders and shipments can be lumpy, and they do not have specific commentary on outperforming the market [65] Question: What is the outlook for labor recruitment and attrition? - Management observed pressures at lower levels of direct labor but feels properly resourced to support improvements in the commercial aftermarket [72] Question: What is the long-term outlook for defense sales growth? - Management remains optimistic about future defense budgets, although it takes time for these to trickle down to component suppliers [74] Question: How is the company addressing supply chain disruptions? - Management acknowledged ongoing challenges primarily with electronic components but expects to clear many of these issues by the end of the year [107] Question: How does the company view inventory levels across the industry? - Management believes the destocking cycle is running out of gas, with airlines preparing for a busy summer travel season [101] Question: What are the expectations for defense revenue growth in the second half of the year? - Management expects a ramp-up in defense revenue, supported by strong bookings and the passage of the DoD budget [106]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 2, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-32833 TransDigm Group Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdicti ...

TransDigm Group Incorporated (NYSE:TDG) Q1 2022 Earnings Conference Call February 8, 2022 11:00 AM ET Company Participants Jaimie Stemen - Director, IR Kevin Stein - President, CEO and Director Jorge Valladares - COO Mike Lisman - CFO Conference Call Participants Myles Walton - UBS Elizabeth Grenfell - Bank of America Merrill Lynch David Strauss - Barclays Ken Herbert - RBC Capital Markets Robert Spingarn - Melius Research Robert Stallard - Vertical Research Partners Peter Arment - Robert W. Baird Matt Aker ...

FY 2022 Q1 Earnings Call February 8, 2022 Agenda TransDigm Overview, Highlights and Outlook Kevin Stein President and CEO Market Review Jorge L. Valladares III COO Operating Performance and Financial Results Mike Lisman CFO Q&A 1 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 1, 2022 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-32833 TransDigm Group Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdic ...

FY 2021 Q4 Earnings Call November 16, 2021 Agenda TransDigm Overview, Highlights and Outlook Kevin Stein President and CEO Market Review Jorge L. Valladares III COO Operating Performance and Financial Results Mike Lisman CFO Q&A 1 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 ...

TransDigm Group Incorporated (NYSE:TDG) Q4 2021 Results Conference Call November 16, 2021 11:00 AM ET Company Participants Kevin Stein - President and Chief Executive Officer Jorge Valladares - Chief Operating Officer Mike Lisman - Chief Financial Officer Jaimie Stemen - Director of Investor Relations Conference Call Participants Noah Poponak - Goldman Sachs Robert Stallard - Vertical Research Myles Walton - UBS Ken Herbert - RBC Kristine Liwag - Morgan Stanley David Strauss - Barclays Seth Seifman - JPMorg ...