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Goodrich Corporation
First Quarter 2008 Results

April 24, 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
Financial and Operational
           Highlights




3
First Quarter 2008 Highlights


    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
4
2008 Outlook

    Full Year 2008 Outlook

       Increased outlook for sales and net income per diluted share
        – Sales outlook increased to $7.2 - $7.3 billion, from prior outlook of $7.1 -
           $7.2 billion
               Approximately 13 - 14% growth over 2007 results
        – Outlook for net income per diluted share increased to $4.30 - $4.45, from
           prior outlook of $4.15 - $4.30
               Approximately 14 - 18% growth over 2007 results
               Includes expected effective tax rate of 33 – 35%, and assumes reinstatement
               of R&D tax credit
        – Net cash provided by operating activities, minus capital expenditures,
           expected to be greater than 75% of net income
               Capital expenditure outlook raised to $275 - $325 million, primarily due to:
                     Purchase rather than lease equipment,
                     Increased spending for low cost country manufacturing and MRO
                     facilities,
                     Acceleration of U.S. capital spending to take advantage of bonus
                     depreciation as part of U.S. Government stimulus plan

5
Delivering Sustained Sales Growth
                                                                        and Margin Expansion
                              Sales
 $M                                                                 Segment Operating Income Margins
                      (Trailing Four Qtrs.)
                                                                          (Trailing Four Qtrs.)
7,000
                                                          18.0%

6,500                                                     16.0%


                                                          14.0%
6,000

                                                          12.0%
5,500

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

4,000
                                                          4.0%

3,500                                                     2.0%


                                                          0.0%
3,000
         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




 6
Year-over-Year Financial Results




7
First Quarter 2008 – Financial Summary
                                                     Year-over-Year Performance


                                                      1st Qtr   1st Qtr
            (Dollars in Millions, excluding EPS)       2008      2007     Change

    Sales                                             $1,745    $1,546     13%


    Segment operating income                           $302      $230      31%


      - % of Sales                                    17.3%     14.9%     +2.4%

    Income
       - Continuing Operations                         $154      $ 99      55%
       - Net Income                                    $158      $100      58%

    Diluted EPS
       - Continuing Operations                        $1.21     $0.78      55%
       - Net Income                                   $1.24     $0.78      59%


8
First Quarter 2008
                                          Year-over-Year Financial Change Analysis

                                                             (Dollars in Millions)

                                                                                      Net Income
                                                                      After-tax Net
                              Item                           Sales                    per Diluted
                                                                         Income
                                                                                        Share

    First Quarter 2007 – Net Income                          $1,546        $99          $0.78

       Increased overall volume, efficiency, mix, other      $185          $44          $0.33

       Contract accounting cumulative catch-up adjustments                 $12          $0.10

       Foreign exchange translation costs                     $14          ($8)         ($0.06)

       Share-based compensation                                             $5          $0.04

       Corporate G&A and Other Income (Expense)                             $4          $0.03

       Discontinued Operations                                              $2          $0.02


    First Quarter 2008 – Net Income                          $1,745        $158         $1.24


9
First Quarter 2008
                                                   Year-over-Year Segment Results
                                        1st Quarter     1st Quarter          Change
                                           2008            2007
              Dollars in Millions                                      $                %
     Sales
        Actuation and Landing Systems      $682            $567       $115            20%
        Nacelles and Interior Systems      $621            $547       $74             13%
        Electronic Systems                 $442            $432       $10              2%
     Total Sales                          $1,745          $1,546      $199            13%



     Segment OI
        Actuation and Landing Systems      $74             $49        $25              50%
        Nacelles and Interior Systems      $179            $126       $53              42%
        Electronic Systems                 $49             $55        ($6)            (10%)
     Total Segment OI                      $302            $230       $72              31%



     Segment Margin
       Actuation and Landing Systems      10.9%           8.7%        N/A             +2.2%
       Nacelles and Interior Systems      28.8%           23.0%       N/A             +5.8%
       Electronic Systems                 11.1%           12.6%       N/A             (1.5%)
     Overall Segment Margin               17.3%           14.9%       N/A             +2.4%


10
Summary Cash Flow Information


                                  Item                           1st Quarter   1st Quarter
                          (Dollars in Millions)                      2008         2007

 Income from Continuing Operations                                  $154          $99

     Depreciation and Amortization                                  $64           $60

     Working Capital – (increase)/decrease – defined
                                                                    ($73)        ($100)
       as the sum of A/R, Inventory and A/P

     Deferred income taxes and taxes payable                        $98           $42

     Accrued expenses, other (including pension contributions)      ($92)         $27

 Cash Flow from Operations                                          $151          $128



 Pension Contributions - worldwide                                  ($9)          ($11)

 Capital Expenditures                                               ($54)         ($36)



11
Sales by Market Channel




12
First Quarter 2008 Sales by Market Channel
                                                      Total Sales $1.745 Billion
                                                                      Total Commercial OE
                                         Other
     Total Defense and
                                          6%
                                                                              34%
           Space
                                                       Boeing
            24%                                     Commercial OE
                                                        10%

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



                              AM                                                Regional,
                                                                             Business & Gen.
                                                                                 Av. OE
                                                                                   8%
                                          Large Commercial Aircraft
                                                Aftermarket
                                                    29%
        Regional, Business &
     General Aviation Aftermarket
                 7%                                            Total Commercial
                                                                  Aftermarket
                                                                      36%

       Balanced business mix; aftermarket represents 45% of total sales
13
Sales by Market Channel
                                               First Quarter 2008 Change Analysis

                                                            Actual Goodrich Change
                                                                 Comparisons

                                                          1Q 2008 vs.     1Q 2008 vs.
                                                           1Q 2007         4Q 2007

     Boeing and Airbus –
                                    Aircraft Deliveries      13%              6%
     OE Production

     Regional, Business & General
                                    Aircraft Deliveries      23%              7%
     Aviation - OE

     Aftermarket – Large
                                    ASMs, Age, Cycles,
     Commercial, Regional,                                   10%             11%
                                       Fleet size
     Business and GA

     Defense and Space –             US, UK Defense
                                                             13%             (5%)
     OE and Aftermarket                 Budgets
     Other                              IGT, Other           23%              1%

     Goodrich Total Sales                                    13%              5%



14
2008 Outlook




15
2008 Sales Expectations
                                                                         By Market Channel

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


     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%


16
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


17
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
18            Source: Airline Monitor
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
19

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goodrich 1Q08slides

  • 1. Goodrich Corporation First Quarter 2008 Results April 24, 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
  • 4. First Quarter 2008 Highlights 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 4
  • 5. 2008 Outlook Full Year 2008 Outlook Increased outlook for sales and net income per diluted share – Sales outlook increased to $7.2 - $7.3 billion, from prior outlook of $7.1 - $7.2 billion Approximately 13 - 14% growth over 2007 results – Outlook for net income per diluted share increased to $4.30 - $4.45, from prior outlook of $4.15 - $4.30 Approximately 14 - 18% growth over 2007 results Includes expected effective tax rate of 33 – 35%, and assumes reinstatement of R&D tax credit – Net cash provided by operating activities, minus capital expenditures, expected to be greater than 75% of net income Capital expenditure outlook raised to $275 - $325 million, primarily due to: Purchase rather than lease equipment, Increased spending for low cost country manufacturing and MRO facilities, Acceleration of U.S. capital spending to take advantage of bonus depreciation as part of U.S. Government stimulus plan 5
  • 6. Delivering Sustained Sales Growth and Margin Expansion Sales $M Segment Operating Income Margins (Trailing Four Qtrs.) (Trailing Four Qtrs.) 7,000 18.0% 6,500 16.0% 14.0% 6,000 12.0% 5,500 10.0% 5,000 8.0% 4,500 6.0% 4,000 4.0% 3,500 2.0% 0.0% 3,000 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 6
  • 8. First Quarter 2008 – Financial Summary Year-over-Year Performance 1st Qtr 1st Qtr (Dollars in Millions, excluding EPS) 2008 2007 Change Sales $1,745 $1,546 13% Segment operating income $302 $230 31% - % of Sales 17.3% 14.9% +2.4% Income - Continuing Operations $154 $ 99 55% - Net Income $158 $100 58% Diluted EPS - Continuing Operations $1.21 $0.78 55% - Net Income $1.24 $0.78 59% 8
  • 9. First Quarter 2008 Year-over-Year Financial Change Analysis (Dollars in Millions) Net Income After-tax Net Item Sales per Diluted Income Share First Quarter 2007 – Net Income $1,546 $99 $0.78 Increased overall volume, efficiency, mix, other $185 $44 $0.33 Contract accounting cumulative catch-up adjustments $12 $0.10 Foreign exchange translation costs $14 ($8) ($0.06) Share-based compensation $5 $0.04 Corporate G&A and Other Income (Expense) $4 $0.03 Discontinued Operations $2 $0.02 First Quarter 2008 – Net Income $1,745 $158 $1.24 9
  • 10. First Quarter 2008 Year-over-Year Segment Results 1st Quarter 1st Quarter Change 2008 2007 Dollars in Millions $ % Sales Actuation and Landing Systems $682 $567 $115 20% Nacelles and Interior Systems $621 $547 $74 13% Electronic Systems $442 $432 $10 2% Total Sales $1,745 $1,546 $199 13% Segment OI Actuation and Landing Systems $74 $49 $25 50% Nacelles and Interior Systems $179 $126 $53 42% Electronic Systems $49 $55 ($6) (10%) Total Segment OI $302 $230 $72 31% Segment Margin Actuation and Landing Systems 10.9% 8.7% N/A +2.2% Nacelles and Interior Systems 28.8% 23.0% N/A +5.8% Electronic Systems 11.1% 12.6% N/A (1.5%) Overall Segment Margin 17.3% 14.9% N/A +2.4% 10
  • 11. Summary Cash Flow Information Item 1st Quarter 1st Quarter (Dollars in Millions) 2008 2007 Income from Continuing Operations $154 $99 Depreciation and Amortization $64 $60 Working Capital – (increase)/decrease – defined ($73) ($100) as the sum of A/R, Inventory and A/P Deferred income taxes and taxes payable $98 $42 Accrued expenses, other (including pension contributions) ($92) $27 Cash Flow from Operations $151 $128 Pension Contributions - worldwide ($9) ($11) Capital Expenditures ($54) ($36) 11
  • 12. Sales by Market Channel 12
  • 13. First Quarter 2008 Sales by Market Channel Total Sales $1.745 Billion Total Commercial OE Other Total Defense and 6% 34% Space Boeing 24% Commercial OE 10% Defense & Airbus Space, OE & Commercial OE Aftermarket 16% 24% OE AM Regional, Business & Gen. Av. OE 8% Large Commercial Aircraft Aftermarket 29% Regional, Business & General Aviation Aftermarket 7% Total Commercial Aftermarket 36% Balanced business mix; aftermarket represents 45% of total sales 13
  • 14. Sales by Market Channel First Quarter 2008 Change Analysis Actual Goodrich Change Comparisons 1Q 2008 vs. 1Q 2008 vs. 1Q 2007 4Q 2007 Boeing and Airbus – Aircraft Deliveries 13% 6% OE Production Regional, Business & General Aircraft Deliveries 23% 7% Aviation - OE Aftermarket – Large ASMs, Age, Cycles, Commercial, Regional, 10% 11% Fleet size Business and GA Defense and Space – US, UK Defense 13% (5%) OE and Aftermarket Budgets Other IGT, Other 23% 1% Goodrich Total Sales 13% 5% 14
  • 16. 2008 Sales Expectations By Market Channel Full Year 2007 2008 2007 Goodrich Goodrich Market Market expectations - 2009 and beyond Actual Expected Sales Mix Growth Growth 10% Boeing OE Del. Growth continues for 737, 777, A320; 15% Airbus OE Del. A380, 787 and A350 introductions support deliveries past normal peak 25% Total (GR Weight) 8% ~20% 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% 16
  • 17. 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 17
  • 18. 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 18 Source: Airline Monitor
  • 19. 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 19