Triumph Group Fourth Quarter FY'21 Earnings Conference Call Daniel J. Crowley, Chairman, President and Chief Executive Officer James F. McCabe Jr., Senior Vice President and Chief Financial Officer Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "project", ...

Triumph Group, Inc. (NYSE:TGI) Q4 2021 Results Conference Call May 20, 2021 8:30 AM ET Company Participants Daniel Crowley - Chairman and Chief Executive Officer James McCabe - Senior Vice President and Chief Financial Officer Conference Call Participants Robert Spingarn - Credit Suisse Peter Arment - Baird David Strauss - Barclays Cai von Rumohr - Cowen Greg Konrad - Jefferies Ken Herbert - Canaccord Seth Seifman - JP Morgan Michael Ciarmoli - Truist Securities Myles Walton - UBS Ron Epstein - Bank of Amer ...

Financial Performance - Net sales decreased to $426 million in Q3 FY'21, compared to $705 million in Q3 FY'20 [24] - Adjusted operating income was $38 million with a 9% margin in Q3 FY'21 [24] - The company generated positive free cash flow [4, 37] - Systems & Support net sales increased 37% compared to Q3 on military platforms [28] Business Segment Performance - Systems & Support (TSS) total sales decreased 21% in the quarter [15] - Military sales accounted for 56% of Systems & Support shipments [15] - Boeing commercial represents 13% and Airbus 10% of reportable backlog in TSS [15] - Aerospace Structures revenue is driven by planned completions on commercial programs combined with sustaining military production and spares [31] Strategic Initiatives - Cost reductions are on track with over $120 million in savings in FY'21 [7] - The company exited the Hawthorne, CA facility on schedule [7] - Q3 New Wins > $400M [19] Liquidity and Debt - Cash and Availability ~ $489M [35] - Net Debt is $1568 million [35]

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 December 31, 2020 or ☐ 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: 1-12235 TRIUMPH GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

Financial Data and Key Metrics Changes - Triumph Group reported positive free cash flow in Q3 2021, driven by improved profitability and working capital management [8][12] - Adjusted operating income for the quarter was $38 million, with an adjusted operating margin of 9%, up from $21 million and 4% in the previous quarter [34][36] - The company maintained nearly $0.5 billion in liquidity while contributing $40 million in stock to its pension plan, reducing future cash obligations [14][42] Business Line Data and Key Metrics Changes - Systems & Support segment net sales increased by 4% sequentially, with military sales comprising 56% of the volume, up from 31% in the prior year [35][18] - Aerospace Structures segment experienced a decline in net sales due to planned sunsetting and transitioning programs, but achieved breakeven cash from the completion of the G280 program [37][19] - Military sales increased by 33% year-over-year, driven by platforms such as the V-22 and CH-47 [18][26] Market Data and Key Metrics Changes - The commercial aviation recovery is progressing slowly, with increased freighter utilization and air traffic leading to higher MRO demand [9][23] - OEM production rates have stabilized, with expectations for increased narrow-body volumes from Boeing and Airbus [9][24] - The backlog in Systems & Support is now 55% military, reflecting a continued focus on military platforms [27] Company Strategy and Development Direction - Triumph Group is pivoting towards military sales and reducing reliance on commercial aerospace, with a focus on operational improvements and margin enhancement [10][47] - The company aims to exit non-core operations and become a largely pure play Systems & Support provider [21][45] - Strategic actions include renegotiating contracts and divesting non-core assets to enhance liquidity and competitiveness [70][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that the worst of the pandemic is behind, with stability in OEM production rates and early signs of recovery in MRO demand [46][49] - The company anticipates breakeven free cash flow in Q4 and expects to start fiscal year 2022 in a more favorable configuration [15][44] - Management highlighted the importance of military spending and the potential for growth despite a flattening budget [114] Other Important Information - Triumph closed $400 million in new wins for the quarter, including contract extensions and awards [28] - The company expects to maintain strong liquidity and continue evaluating actions to enhance its capital structure [45][44] - The company has a net debt of approximately $1.6 billion and combined cash and availability of about $489 million [42] Q&A Session Summary Question: Update on the structures business and loss-making programs - Management confirmed that the 747 is the only remaining loss-making program, with other programs exited that were not contributing value [56][57] Question: Military sales growth and potential pull forward - Management noted an acceleration of cash payments from the DoD but did not see sales pull ahead, rather a ramp-up in volume [58][59] Question: Contract renegotiations with Boeing - Management indicated favorable pricing in contract renewals, extending agreements for 5 to 7 years [68][69] Question: Cash flow and working capital outlook for 2022 - Management expects continued improvements in working capital efficiency and anticipates cash flow to remain a tailwind [80][82] Question: MRO demand and aftermarket opportunities - Management reported an 11% increase in MRO receipts, with expectations for continued recovery in demand across various regions [102][118] Question: Military pipeline and new opportunities - Management highlighted a mix of retrofits, upgrades, and new builds in the military pipeline, with a focus on maintaining a balanced program lifecycle [105][110]

Triumph Group, Inc. (NYSE:TGI) Q2 2021 Results Conference Call November 5, 2020 8:30 AM ET Company Participants Daniel Crowley - President & Chief Executive Officer James McCabe - Senior Vice President & Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Benjamin Arnstein - JPMorgan Myles Walton - UBS Ken Herbert - Canaccord Michael Ciarmoli - Truist Securities Peter Arment - Baird Caitlin Dullanty - Bank of America Matt Akers - Barclays Cai von Rumohr - Cowen Operator Ladies ...

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 September 30, 2020 or ☐ 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: 1-12235 TRIUMPH GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Financial Performance - Net sales for the three months ended June 30, 2020, were $495.1 million, a decrease of 32.2% compared to $730.2 million for the prior year period[139]. - Operating loss for the same period was $252.4 million, compared to operating income of $35.5 million in the prior year[139]. - Net loss was $277.3 million, or ($5.35) per common share, compared to net income of $18.1 million, or $0.36 per diluted common share in the prior year[139]. - Total net sales decreased by $235.2 million, or 32.2%, to $495.1 million for the three months ended June 30, 2020, compared to $730.2 million for the same period in 2019[171]. - Adjusted EBITDA for the three months ended June 30, 2020, was $28.5 million, down from $80.6 million in the same period of 2019[157]. - Adjusted EBITDAP for the three months ended June 30, 2020, was $17.6 million, compared to $65.8 million for the same period in 2019[157]. - Segment operating loss increased by $287.0 million, or 509.5%, to $230.7 million for the three months ended June 30, 2020, from operating income of $56.3 million in 2019[162]. - Systems & Support net sales decreased by $73.7 million, or 23.5%, to $239.9 million, primarily due to the impact of the COVID-19 pandemic[175]. - Aerospace Structures net sales decreased by $161.3 million, or 38.5%, to $257.9 million, with organic net sales down by $131.6 million[175]. Cash Flow and Liquidity - Cash flows from operating activities resulted in a net cash outflow of $197.5 million, a decrease of $202.6 million compared to a net cash inflow of $5.0 million for the same period in 2019[179]. - Cash flows used in financing activities were $250.9 million for the three months ended June 30, 2020, compared to $58.1 million for the same period in 2019[183]. - As of June 30, 2020, the company had $30.9 million in cash on hand and $323.1 million available under its existing credit agreement[186]. - The company anticipates approximately $120.0 million in savings to operating cash flows for fiscal 2021, with $33.0 million realized as of June 30, 2020[181]. - The company is evaluating additional funding options from the U.S. government and other sources to meet anticipated cash requirements for at least the next 12 months[188]. Operational Changes and Restructuring - The company has committed to divesting its composites manufacturing operations in Georgia and Thailand, with expected proceeds of approximately $100.0 million from these transactions[151]. - The company incurred restructuring costs of $15.4 million in the three months ended June 30, 2020, compared to $3.0 million in the prior year[136]. - The company has committed to restructuring plans initiated in fiscal 2016, with substantial completion expected by March 31, 2020[180]. - The company expects additional costs related to the COVID-19-related reduction in OEM production rates, which may negatively impact earnings and cash flows[140]. Market and Demand Outlook - The company anticipates a reduction in demand for commercial aviation aftermarket and production due to COVID-19, impacting revenue across both operating segments in fiscal 2021[139]. - The Boeing 737 MAX program represented approximately 5% of revenue for the fiscal year ended March 31, 2020, with expectations of declines in revenue due to COVID-19[144]. Tax and Interest Expenses - Interest expense increased by $7.5 million, or 27.2%, to $35.0 million for the three months ended June 30, 2020, compared to $27.5 million in 2019[164]. - Non-service defined benefit income decreased by $4.0 million, or 26.8%, to $10.9 million for the three months ended June 30, 2020, compared to $14.9 million in 2019[165]. - The effective income tax rate for the three months ended June 30, 2020, was (0.3)%, compared to 21.0% for the same period in 2019[166]. Assets and Liabilities - Current assets amount to $837,566, while noncurrent assets total $940,591 as of June 30, 2020[197]. - The company is currently in compliance with all financial covenants under its debt documents[193]. - The 2024 Notes and guarantees are secured by second-priority liens on all assets of the company and its subsidiary guarantors[195]. - The company may redeem some or all of its Senior Notes prior to their stated maturities, subject to certain limitations[191]. - The company is obligated to offer to repurchase the Senior Notes at specified prices due to certain change-of-control events[191]. - There are covenants that limit the company's ability to incur additional indebtedness and make dividend payments[193]. - The company has no material changes in critical accounting policies since the last annual report[198]. Forward-Looking Statements - Forward-looking statements indicate potential uncertainties regarding capital requirements and restructuring plans[199].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-12235 Triumph Group, Inc. (Exact name of registrant as specified in its charter) | Delaware 51-0347963 | | | --- | --- | | (State or other ju ...

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 December 31, 2019 or ☐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: 1-12235 TRIUMPH GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...