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Marshall Larsen
         Goodrich Corporation
      Chairman, President and CEO

           Citigroup 20th Annual
Global Industrial Manufacturing Conference
               March 6, 2007




                                             1
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 February 1, 2007 Fourth Quarter 2006
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

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




                                                                          3
Goodrich – Strategic Imperatives



                                   Top Quartile
                                    Aerospace
                                     Returns


                                   Leverage the                    Operational
    Balanced Growth
                                    Enterprise                     Excellence

•    Use portfolio mass and    •   Manage investments at      •   Push aggressive Supply
     breadth to capture            the portfolio level            Chain Management and
     market share                                                 Continuous
                               •   Provide Enterprise
                                                                  Improvement
•    Pursue Military Markets       Shared Services
     and Government funding                                   •   Drive breakthrough
                               •   Leverage SBU
     opportunities                                                change in product and
                                   capabilities into
                                                                  development costs using
•    Win new program               integrated, higher level
                                                                  LPD and DFSS
     positions                     systems
                                                              •   Improve Enterprise
•    Aftermarket products      •   Simplify customer
                                                                  manufacturing and
     and services expansion        interfaces – act as “One
                                                                  engineering efficiencies
                                   Company”

                                                                                             4
Balanced Growth
                                       Full Year 2006 Sales by Market Channel


                                                                 Total Commercial OE
                                      Other
Total Defense and
                                       6%
                                                                         33%
      Space
                                                  Boeing
       25%                                     Commercial OE
                                                   9%


                                                                        Airbus
    Defense &
                                                                     Commercial OE
   Space, OE &
                                                                         17%
   Aftermarket
                           OE
       25%


                        AM                                                    Regional,
                                                                           Business & Gen.
                                                                               Av. OE
                                                                                 7%

                                         Large Commercial Aircraft
                                               Aftermarket
                                                   27%
          Heavy A/C
            Maint.
             3%

          Regional, Business &                        Total Commercial Aftermarket
       General Aviation Aftermarket
                                                                 36%
                   6%
                                                                                             5
                           Balanced business mix
Balanced Growth
                                     Commercial Delivery Forecasts - Airbus and Boeing


                           1,400
                                                  Airline Monitor Forecast
                           1,200
Airbus & Boeing Aircraft




                           1,000
   Annual Deliveries




                            800

                            600

                            400

                            200

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

                                       Increased production expected through 2010.
                                           2011-2014 rates approximate 2006 rate
                                                                                            6
Large Commercial A/C
                                                             Single and Twin Aisle Fleet Growth

                                                                                                Y/E 2006
20,000                                                                                                                           5%
                                                                                                                        R=
                                                                                                                     AG
            737NG                                   A320 Family
                                                                                                                   5C
18,000      747-400                                 767                                                          01
                                                                                                               –2
            777                                     A300-600
                                                                                                          06
16,000                                                                                                  20
            A330                                    A340
            Out of Production A/C                   A380
14,000      787                                     A350
12,000

10,000

 8,000

 6,000

 4,000

 2,000

    0
     80

            82

                   84

                          86

                                 88

                                        90

                                               92

                                                      94

                                                             96

                                                                    98

                                                                           00

                                                                                  02

                                                                                         04

                                                                                                06

                                                                                                       08

                                                                                                              10

                                                                                                                     12

                                                                                                                            14
   19

          19

                 19

                        19

                               19

                                      19

                                             19

                                                    19

                                                           19

                                                                  19

                                                                         20

                                                                                20

                                                                                       20

                                                                                              20

                                                                                                     20

                                                                                                            20

                                                                                                                   20

                                                                                                                          20
                                                    Total fleet size increasing

                                                                                                                                      7
                                                        Source: Jet Information Services, Inc, YE 2005
Balanced Growth
                                       Goodrich Defense and Space Content

         Platform Content                    Mission Equipment Content
       ~ 70% GR military sales                    ~ 30% GR military sales




The Aircraft, Ship or Ground Vehicle          The systems which allow the
                                              platform to perform a mission
  •   Nacelles
  •   Landing gear                            •    Reconnaissance cameras
  •   Aircraft and ship structures            •    Precision optics
  •   Wheels and Brakes                       •    Sensors
  •   Fuel systems                            •    Missile actuators
  •   Air Data Sensors                        •    Precision weapon actuators
  •   Actuators
                                              •    Laser warning systems
  •   Ejection Seats
                                              •    Perimeter warning systems
  •   Lighting products
                                              •    Infrared imaging devices
  •   High speed shafts and
                                              •    Classified Programs
      couplings

                    Expect mission equipment to drive growth                    8
Goodrich – Strategic Imperatives



                                   Top Quartile
                                    Aerospace
                                     Returns


                                   Leverage the                    Operational
    Balanced Growth
                                    Enterprise                     Excellence

•    Use portfolio mass and    •   Manage investments at      •   Push aggressive Supply
     breadth to capture            the portfolio level            Chain Management and
     market share                                                 Continuous
                               •   Provide Enterprise
                                                                  Improvement
•    Pursue Military Markets       Shared Services
     and Government funding                                   •   Drive breakthrough
                               •   Leverage SBU
     opportunities                                                change in product and
                                   capabilities into
                                                                  development costs using
•    Win new program               integrated, higher level
                                                                  LPD and DFSS
     positions                     systems
                                                              •   Improve Enterprise
•    Aftermarket products      •   Simplify customer
                                                                  manufacturing and
     and services expansion        interfaces – act as “One
                                                                  engineering efficiencies
                                   Company”

                                                                                             9
Leverage the Enterprise
Organizational Realignment

         •   New organization
             effective January 1,
             2007
         •   Decreased number
             of business units
             from 16 to 11
         •   Improves ability to
             leverage the
             enterprise
         •   Improves customer
             focus




                               10
Goodrich – Strategic Imperatives



                                   Top Quartile
                                    Aerospace
                                     Returns


                                   Leverage the                    Operational
    Balanced Growth
                                    Enterprise                     Excellence

•    Use portfolio mass and    •   Manage investments at      •   Push aggressive Supply
     breadth to capture            the portfolio level            Chain Management and
     market share                                                 Continuous
                               •   Provide Enterprise
                                                                  Improvement
•    Pursue Military Markets       Shared Services
     and Government funding                                   •   Drive breakthrough
                               •   Leverage SBU
     opportunities                                                change in product and
                                   capabilities into
                                                                  development costs using
•    Win new program               integrated, higher level
                                                                  LPD and DFSS
     positions                     systems
                                                              •   Improve Enterprise
•    Aftermarket products      •   Simplify customer
                                                                  manufacturing and
     and services expansion        interfaces – act as “One
                                                                  engineering efficiencies
                                   Company”

                                                                                             11
Operational Excellence
                                                         Supply Chain Management


                           Eastern Europe                                  China
                                                       Russia
                           Misc. LG support                                Forgings/Machined Parts
                                                       Titanium Forgings
                                                                           Comp. Fan Cowls
                                                       and sheets

                                                                           Korea
                                                                           Castings

                                                                           Taiwan
                                                                           Machined Panels

                                                                           Singapore
                                                                           Machined Parts/
                                                                           Engine Mounts
                                                                           Indonesia
Mexico                                                                     Machined Parts JV
Seals
Electronic Comps
                                                                           Malaysia
MRO
                                                                           Composite Panels
                                         India
Transportation Service
                                         Engineering
                                         IT Services
                                         Components



            Goodrich sourcing efforts growing in low cost countries
                                                                                                     12
Operational Excellence
                                                                                                                                                                                                                                              LEAN Journey



1994                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                2006
 LEAN in the Factory                                                                                                                                                                                                                                                                                                                                                                                                                                                           Site consolidation
                                         Focus between sites                                                                                                                                                                                                                                                                                                                                                                                                                   Supply Chain
          Focus at the cell level




                                                        Flow Down of PD Matrix Linked and Aligned
          Policy Deployment         Simple Metrics
                                                                               to Business Obj.




                       LEAN in the Office        All areas accountable for LEAN deployment
                                                                                                                                  Lean Enterprise - Organization 2001
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Customers




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   All Other - Operations - Riv, CV Mfg., Foley -
                                                                                                                                                                                                                                      Auxiliary Power Unit (APU) - J. Anderson




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    MRO - Fairhope, Prestwick, Singapore -
                                                                                                   Commercial Aerostructures - J. Hooper




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         J.J. Perez, R. Gordon, V. Halfacre
                                                                                                                                                                            Nacelles & Pylons - K. Reilly/P. Rose




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      H. BurkholderC. Johnston, K. Tan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Technical Services - R. McInnes
                                                                                                                                           Military & Space - J. Goulding




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    CFM56 Program - D. Martin
                                                                                                                                                                                                                                                                                                                                                                                                                 Technical Support - W. Potts




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     KC-135 Program - J.J. Perez




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Spares Business - P. Farsetta
                                                                                                                                                                                                                                                                                                                                 Chief Engineer - D. Sanders



                                                                                                                                                                                                                                                                                                                                                                                        GRID-LOCK - C. Probett




                                                                                                                                                                                                                                                                                                                                                                                                                                                     BFG Europe - J. Luminet




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Rolls-Royce - P. Marvin




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Re-engining - R. Manion
                                                                                                                                                                                                                                                                                                                                                               C5 Pylon - D. Perryman
                                                                                                                                                                                                                                                                                                        CF6-80E1 - B. Cecchini
                                                                                                                                                                                                                                                                                 CF34-10 - J. Rogers




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                PW4000 - S. Carter




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      CF6-80C2 - S. Hall




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             PPSD - T. Donnelly
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           737 NG - L. Strand
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     V2500 - T. Martin
                                                                                                                                                                                                                    R&D - N. Barker




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                HTA - D. Falletti




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                757 - V. Halfacre
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   717-200 - S. Kay
                                                                                                                                           J. Burton                                                                                                                                                             C. Reusser                                                                                                                       B. Wetzler                                                          C. Cramp                                                                         D. Castagnola                                                                K. Wood                                                                                                                  B. Gustafson

                                                                                                                                      Business                                                                                                                                                         Product & Process                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     After Market
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             In Production Business
                                                                                                                                     Acquisition                                                                                                                                                           Definition                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Services
                                                                                                                                                                                                                                                                                                                                                                                                                                                Shared Procurement Services - B. McDowell

                                                                                                                                                                                                                                                                                                                                                                                                                                                Enterprise Support Services (ESS) - K. Wood

                                                                                                                                                                                                                                                                                                                                                                                                                                                 PDM/ERP and Resource Team - G. Peters
                                                                                                                                                                                                                                                                                                                                                                                                                                                                               People - B. Broderick
                                                                                                                                                                                     May 22, 2001                                                                                                                                                                                                    Quality Assurance and Technical Compliance - A. Binks

                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Group President --Bud Wetzler




                                LEAN Product         Product Development                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      LPD a game changer
Our evolving                                         an anchor
                                Development                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           LPD Model

LEAN culture                                                   Traditional Model
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Dollars
                                                         Dollars
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               “Recurring”
                                                                                  “Recurring”
                                                                                Non- Recurring                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Non-Recurring
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Non-
                                                                Non                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Recurring Recurring Cost
                                                                           Recurring Cost
                                                            - Recurring
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Production            Time
                                                                   Production                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Start
                                                                                            Time
                                                                     Start




                  LEAN now being adopted across Goodrich
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           13
Operational Excellence

                                                                                                                                                                       Planning                            Execution                                          Stable Production
    Macro Learning
                                                                                                                                                                                                                                                                                                                                                                             Standard Work Combination Sheet
                                                                                                                                                                                                                                        Standard Work Sheet
                                                                                                                                                                                                                                                    FROM: Incoming                                                                             PREPARED BY: J. Smith
                                                                                                                                                                                                                                                                                                PROCE SS NAME:
                                                                                                                                                                                                                                        SCOPE OF
                                                                                                                                                                                                                                                                                                                 Forming Center                DAT E: 3/16/00
                                                                 talk to customer                                                                                                                                                       OPE RATIONS TO:   Finished                                                                                                                                                                                                                                  590 seconds
                                                                                                                                                                                                                                                                                                                                                                              Date:______________                             Face & Burr                059
                                                                                                                                                                                                                                                                                                                                                                                     12/6/98                   Process /Cell:__________________ Dept.:_________                          Takt Time:_____________
                                                                                                              look for work




                                                                                                                                                                                        7-
                                                                                                                                                                                                                                                                                                                                                                                             Marty & Jim                                                                                                   N/A
                                                                                                                                                                                                                                                                                                                                                                                                                         Group 1
                                                                                                                                                                                                                                                                                                                                                                              Observer(s):____________________ Part:_________________                                                    Machine No:___________________
                                                                                                                                                                                                                                                                                                                                                                                                                                                       Fred M.
                                                                                                                                                                                                                                                                                                                                                                                                                                           Operator:___________
                     count cost                                                                                                                                                                                                                                                                Spray & Dry                                                                                                                         Times
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Operation Times (seconds)
                                                                                                                                                                                                                                                                                                                                                                                                                    Plan.
                                                                                                                                                                                                                                                                                                                                                                             Step          Operation                Op.
                                                                                                                                                                                                                                                                                                             2                                                               No.                                            Ma n   Mach    Walk
                                                                                                                                                                                                                                                                                                                                                                                                                                                             100     200     300   400       500    600     700    800

                                                                                                                                                                                                                                                                                                                                                                                     Pick part form tote, index
                                                                                                                                                                                                                                                                                                                                           1                                                                                77quot;             10quot;
                                                                                                                                                                                                                                                                                                                                                                                     to APLT and scrib e.
                                                                                                                                                                                                                                                                                                                                                                              1
                                                                                                                         • Pksx xnk dcm; s
                          • Pksx xnk dcm; s                          • Pksx xnk dcm;s                                    • knk sdcn                                                                                                                                                                                            Incoming Rack
                                                                                                                                                                                                                                                                                                                                                                                    Remove APLT and face
                          • knk sdcn                                 • knk sdcn                                          • [nq sndc hdhdn                                                                                                                                                                                                                                                                                   163quot;           10quot;
                                                                                                                                                                                                                                                                                                                                                                              2     edges to scribe line.
                          • [nq sndc hdhdn                           • [nq sndc hdhdn
                                                                                                                                                                                                                                                                                                     2




                                                                                                                                                                                                                                                               3
                                                                                                                         • nq smsjkc mzm
                                                                                                                                                                                                                                                                                                                          1
                          • nq smsjkc mzm                            • nq smsjkc mzm                                     • jsjk qw nq




                                                                                                                                                                                                                                                                      ming
                          • jsjk qw nq                               • jsjk qw nq




                                                                                                                                                                                                                                                                      ine
                                                                                                                                                                                                                                                                                                                                                                                    Deburr holes.
                                                                                                                         • ncx nokk qwddm
                                                                                        make spares                                                                                                                                                                                                                                                                           3
                          • ncx nokk qwddm                                                                                                                                                                                                                                                                                                                                                                                   84quot;            10quot;




                                                                                                                                                                                                                                                                 Mach
    build tools




                                                                                                                                                                                                                                                                  For
                                                   make parts
                                                                                                                                                                                                                                                                                                                                                                                    Index part to APLT,
                                                                                                                                                                                                                                                                                  3                                                                                           4                                                            5quot;
                                                                                                                                                                                                                                                                                                                                                                                                                            102quot;
                                                                                                                                                                                                                                                                                                                                                                                    clamp and final scrib e.
                                                                                                                                                                                                                                                                                                                                                                                    Remove APLT and
                                                                                                                                                                                                                                                                                                                                       6                                      5                                                            10quot;
                                                                                                                                                                                                                                                                                                                                                                                                                            50quot;
                                                                                                                                                                                                                                                                                                                                                                                    final face edges.
                                                                                                                                                                                                                                                                                                                                                     6
                                                                                                                                                                                                                                                                                           4
                                                                                        • Pksx xnk dcm; s
                                                                                                                                                                                                                                                                                                                  5
                                                                                        • knk sdcn
                                                                                                                                                                                                                                                                                                                                                                              6




                                                                                                                                                                                                                                                                              4
                                                                                                                                                                                                                                                                                                                                                                                    Fin al deburr holes.
                                                                                                                                                                                                                                                                                                                                               Finished
• Pksx xnk dcm;s                                                                                                                                                                                                                                                                                                                                                                                                            53quot;
                                                                                        • [nq sndc hdhdn
• knk sdcn                                                                                                                                                                                                                                                                                                                                       Rack
                                                                                                                                                                                                                                                                                                         5
                                                                                        • nq smsjkc mzm




                                                                                                                                                                                                                                                                             Tab hing
                                              • Pksx xnk dcm;s
• [nq sndc hdhdn
                                                                                        • jsjk qw nq                                                                                                                                                                                                             Test Ben ch
                                              • knk sdcn




                                                                                                                                                                                                                                                                                le
                                                                                                                                                                                                                                                                             Finis
• nq smsj kc mzm
                                                                                                                                                                                                                                                                                                                                                                              7 Place part and APLT in tote.
                                              • [nq sndc hdhdn                                                                                                                                                                                                                                                                                                                                                                             10quot;
• jsjk qw nq
                                                                                                            Customer audit
                                              • nq smsjkc mzm
• ncx nokk qwddm




                                                                                                                                                                                        11
                                              • j sjk qw nq
                                                                    get materiel
                   plan work

                                                                                                                                   • Pksx xnk dcm;s
                                                                                                                                                                                                                                                         S AFETY CAUTION                                         TAKT TI ME
                                                                                                                                                                                                                                                                              STANDARD WORK INPROCES S                           CYCLE TIME         OPERATOR(S):
                                                                                                                                   • knk sdcn                                                                                            QUALITY CHECK
                                                                                                                                   • [nq sndc hdhdn
                                                                                                                                                                                                                                                                                      5=
                                                                                                                                   • nq smsj kc mzm
                                                                                                                                   • jsjk qw nq                                                                                                                                                                                                                                                                                                                    MAN
                                                                                                                                                                                                                                                                                                                                                                                                                                                  Total
                     • Pksx xnk dcm;s                                • Pksx xnk dcm;s                                                                                                                                                                                                                                                                                                                             Totals
                                                                                                                                   • ncx nokk qwddm                                                                                                                                                                                                                                                                         529quot;           55quot;    Waiting:         AUTO
                     • knk sdcn                                      • knk sdcn                                                                                                                                                                                                                                                                                                                                                                                    WALK
                     • [nq sndc hdhdn                                • [nq sndc hdhdn
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   WAITI G
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        N
                                                                                                                                                                                                                                                                                                                                                                                                                                   584quot;
                     • nq smsjkc mzm                                 • nq smsjkc mzm
                                                                                                                                                                                                                                                                                                                                                                       13                                                                                                                                                 9




             MACRO                                                                                                                                            Impact     Customer              LWW         Part    Assy.     Assy.                           Cell                                                                                                                                              Std.                                                                                                             Pull      Validate
                                                                                                                                                                                       3P
                                                                                                                                                       VOC
            Learning                                                                                                                                          Matrix    Deliverables         Prog. Plan   Family   Flow I   Flow II                         Layout                                                                                                                                             Work                                                                                                           Systems       SW




                                   New Program Execution – Lean Product Development:

                                                                                           • Continue to Evolve                                                                                                                                                                                                                                                             LPD Model
                                                                                           • 787 Nacelle Program Execution                                                                                                                                                                                                                                                  $
                                                                                                                                                                                                                                                                                                                                                                            $
                                                                                                                                                      – Newest Training Ground for Lean PD
                                                                                                                                                      – Raises Performance Bar for Lean PD                                                                                                                                                                                                                                                                                   Least Waste Way
                                                                                                                                                                                                                                          Cum
                                                                                           • Rigorous and Relentless Application of Lean                                                                                                  Non-
                                                                                             PD on                                                                                                                                    Recurring Recurring Unit Cost

                                                                                                                                                      – All New Business Acquisition Projects                                                                                                                                                                                                                                                                                                                                           Time
                                                                                                                                                      – All New Product Development Programs




                                                                                                                                                                            Implement… Improve… Standardize
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     14
Summary
                                         The Value Proposition for Goodrich

•   Great market positions
•   Good top line growth – sustainable, above market metric growth
    – Continued strong commercial airplane original equipment growth
    – Expect commercial aftermarket growth greater than market growth (ASM’s)
    – Continued growth in defense and space driven by ISR technology, upgrades and
      retrofits of existing products and new aircraft programs
•   Delivering on substantial margin improvement opportunity
    – Improved segment operating income margin from 11.5% in 2005 to 13.0% for the
      full year 2006
    – Expect to achieve at least 15% segment operating income margin by 2009
•   Driving cash flow conversion levels toward 100%
•   Entire organization focused on margin expansion and cash flow
    growth


       Goodrich strengths in all of its market channels should enable sustained
                 growth of sales, income and margins beyond 2009

                                                                                     15

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goodrich CitigroupSlides3.6.07

  • 1. Marshall Larsen Goodrich Corporation Chairman, President and CEO Citigroup 20th Annual Global Industrial Manufacturing Conference March 6, 2007 1
  • 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 February 1, 2007 Fourth Quarter 2006 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 Results GR Portfolio Attributes Proprietary products More predictable revenue and income growth Non-discretionary repair/ replacement cycles Significant margin potential Large installed base drives Sustainable leadership aftermarket sales positions Participation on every large Diverse product portfolio and commercial and regional jet platform balanced customer base Significant defense & space presence 3
  • 4. Goodrich – Strategic Imperatives Top Quartile Aerospace Returns Leverage the Operational Balanced Growth Enterprise Excellence • Use portfolio mass and • Manage investments at • Push aggressive Supply breadth to capture the portfolio level Chain Management and market share Continuous • Provide Enterprise Improvement • Pursue Military Markets Shared Services and Government funding • Drive breakthrough • Leverage SBU opportunities change in product and capabilities into development costs using • Win new program integrated, higher level LPD and DFSS positions systems • Improve Enterprise • Aftermarket products • Simplify customer manufacturing and and services expansion interfaces – act as “One engineering efficiencies Company” 4
  • 5. Balanced Growth Full Year 2006 Sales by Market Channel Total Commercial OE Other Total Defense and 6% 33% Space Boeing 25% Commercial OE 9% Airbus Defense & Commercial OE Space, OE & 17% Aftermarket OE 25% AM Regional, Business & Gen. Av. OE 7% Large Commercial Aircraft Aftermarket 27% Heavy A/C Maint. 3% Regional, Business & Total Commercial Aftermarket General Aviation Aftermarket 36% 6% 5 Balanced business mix
  • 6. Balanced Growth Commercial Delivery Forecasts - Airbus and Boeing 1,400 Airline Monitor Forecast 1,200 Airbus & Boeing Aircraft 1,000 Annual Deliveries 800 600 400 200 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Year Increased production expected through 2010. 2011-2014 rates approximate 2006 rate 6
  • 7. Large Commercial A/C Single and Twin Aisle Fleet Growth Y/E 2006 20,000 5% R= AG 737NG A320 Family 5C 18,000 747-400 767 01 –2 777 A300-600 06 16,000 20 A330 A340 Out of Production A/C A380 14,000 787 A350 12,000 10,000 8,000 6,000 4,000 2,000 0 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 14 19 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 Total fleet size increasing 7 Source: Jet Information Services, Inc, YE 2005
  • 8. Balanced Growth Goodrich Defense and Space Content Platform Content Mission Equipment Content ~ 70% GR military sales ~ 30% GR military sales The Aircraft, Ship or Ground Vehicle The systems which allow the platform to perform a mission • Nacelles • Landing gear • Reconnaissance cameras • Aircraft and ship structures • Precision optics • Wheels and Brakes • Sensors • Fuel systems • Missile actuators • Air Data Sensors • Precision weapon actuators • Actuators • Laser warning systems • Ejection Seats • Perimeter warning systems • Lighting products • Infrared imaging devices • High speed shafts and • Classified Programs couplings Expect mission equipment to drive growth 8
  • 9. Goodrich – Strategic Imperatives Top Quartile Aerospace Returns Leverage the Operational Balanced Growth Enterprise Excellence • Use portfolio mass and • Manage investments at • Push aggressive Supply breadth to capture the portfolio level Chain Management and market share Continuous • Provide Enterprise Improvement • Pursue Military Markets Shared Services and Government funding • Drive breakthrough • Leverage SBU opportunities change in product and capabilities into development costs using • Win new program integrated, higher level LPD and DFSS positions systems • Improve Enterprise • Aftermarket products • Simplify customer manufacturing and and services expansion interfaces – act as “One engineering efficiencies Company” 9
  • 10. Leverage the Enterprise Organizational Realignment • New organization effective January 1, 2007 • Decreased number of business units from 16 to 11 • Improves ability to leverage the enterprise • Improves customer focus 10
  • 11. Goodrich – Strategic Imperatives Top Quartile Aerospace Returns Leverage the Operational Balanced Growth Enterprise Excellence • Use portfolio mass and • Manage investments at • Push aggressive Supply breadth to capture the portfolio level Chain Management and market share Continuous • Provide Enterprise Improvement • Pursue Military Markets Shared Services and Government funding • Drive breakthrough • Leverage SBU opportunities change in product and capabilities into development costs using • Win new program integrated, higher level LPD and DFSS positions systems • Improve Enterprise • Aftermarket products • Simplify customer manufacturing and and services expansion interfaces – act as “One engineering efficiencies Company” 11
  • 12. Operational Excellence Supply Chain Management Eastern Europe China Russia Misc. LG support Forgings/Machined Parts Titanium Forgings Comp. Fan Cowls and sheets Korea Castings Taiwan Machined Panels Singapore Machined Parts/ Engine Mounts Indonesia Mexico Machined Parts JV Seals Electronic Comps Malaysia MRO Composite Panels India Transportation Service Engineering IT Services Components Goodrich sourcing efforts growing in low cost countries 12
  • 13. Operational Excellence LEAN Journey 1994 2006 LEAN in the Factory Site consolidation Focus between sites Supply Chain Focus at the cell level Flow Down of PD Matrix Linked and Aligned Policy Deployment Simple Metrics to Business Obj. LEAN in the Office All areas accountable for LEAN deployment Lean Enterprise - Organization 2001 Customers All Other - Operations - Riv, CV Mfg., Foley - Auxiliary Power Unit (APU) - J. Anderson MRO - Fairhope, Prestwick, Singapore - Commercial Aerostructures - J. Hooper J.J. Perez, R. Gordon, V. Halfacre Nacelles & Pylons - K. Reilly/P. Rose H. BurkholderC. Johnston, K. Tan Technical Services - R. McInnes Military & Space - J. Goulding CFM56 Program - D. Martin Technical Support - W. Potts KC-135 Program - J.J. Perez Spares Business - P. Farsetta Chief Engineer - D. Sanders GRID-LOCK - C. Probett BFG Europe - J. Luminet Rolls-Royce - P. Marvin Re-engining - R. Manion C5 Pylon - D. Perryman CF6-80E1 - B. Cecchini CF34-10 - J. Rogers PW4000 - S. Carter CF6-80C2 - S. Hall PPSD - T. Donnelly 737 NG - L. Strand V2500 - T. Martin R&D - N. Barker HTA - D. Falletti 757 - V. Halfacre 717-200 - S. Kay J. Burton C. Reusser B. Wetzler C. Cramp D. Castagnola K. Wood B. Gustafson Business Product & Process After Market In Production Business Acquisition Definition Services Shared Procurement Services - B. McDowell Enterprise Support Services (ESS) - K. Wood PDM/ERP and Resource Team - G. Peters People - B. Broderick May 22, 2001 Quality Assurance and Technical Compliance - A. Binks Group President --Bud Wetzler LEAN Product Product Development LPD a game changer Our evolving an anchor Development LPD Model LEAN culture Traditional Model Dollars Dollars “Recurring” “Recurring” Non- Recurring Non-Recurring Non- Non Recurring Recurring Cost Recurring Cost - Recurring Production Time Production Start Time Start LEAN now being adopted across Goodrich 13
  • 14. Operational Excellence Planning Execution Stable Production Macro Learning Standard Work Combination Sheet Standard Work Sheet FROM: Incoming PREPARED BY: J. Smith PROCE SS NAME: SCOPE OF Forming Center DAT E: 3/16/00 talk to customer OPE RATIONS TO: Finished 590 seconds Date:______________ Face & Burr 059 12/6/98 Process /Cell:__________________ Dept.:_________ Takt Time:_____________ look for work 7- Marty & Jim N/A Group 1 Observer(s):____________________ Part:_________________ Machine No:___________________ Fred M. Operator:___________ count cost Spray & Dry Times Operation Times (seconds) Plan. Step Operation Op. 2 No. Ma n Mach Walk 100 200 300 400 500 600 700 800 Pick part form tote, index 1 77quot; 10quot; to APLT and scrib e. 1 • Pksx xnk dcm; s • Pksx xnk dcm; s • Pksx xnk dcm;s • knk sdcn Incoming Rack Remove APLT and face • knk sdcn • knk sdcn • [nq sndc hdhdn 163quot; 10quot; 2 edges to scribe line. • [nq sndc hdhdn • [nq sndc hdhdn 2 3 • nq smsjkc mzm 1 • nq smsjkc mzm • nq smsjkc mzm • jsjk qw nq ming • jsjk qw nq • jsjk qw nq ine Deburr holes. • ncx nokk qwddm make spares 3 • ncx nokk qwddm 84quot; 10quot; Mach build tools For make parts Index part to APLT, 3 4 5quot; 102quot; clamp and final scrib e. Remove APLT and 6 5 10quot; 50quot; final face edges. 6 4 • Pksx xnk dcm; s 5 • knk sdcn 6 4 Fin al deburr holes. Finished • Pksx xnk dcm;s 53quot; • [nq sndc hdhdn • knk sdcn Rack 5 • nq smsjkc mzm Tab hing • Pksx xnk dcm;s • [nq sndc hdhdn • jsjk qw nq Test Ben ch • knk sdcn le Finis • nq smsj kc mzm 7 Place part and APLT in tote. • [nq sndc hdhdn 10quot; • jsjk qw nq Customer audit • nq smsjkc mzm • ncx nokk qwddm 11 • j sjk qw nq get materiel plan work • Pksx xnk dcm;s S AFETY CAUTION TAKT TI ME STANDARD WORK INPROCES S CYCLE TIME OPERATOR(S): • knk sdcn QUALITY CHECK • [nq sndc hdhdn 5= • nq smsj kc mzm • jsjk qw nq MAN Total • Pksx xnk dcm;s • Pksx xnk dcm;s Totals • ncx nokk qwddm 529quot; 55quot; Waiting: AUTO • knk sdcn • knk sdcn WALK • [nq sndc hdhdn • [nq sndc hdhdn WAITI G N 584quot; • nq smsjkc mzm • nq smsjkc mzm 13 9 MACRO Impact Customer LWW Part Assy. Assy. Cell Std. Pull Validate 3P VOC Learning Matrix Deliverables Prog. Plan Family Flow I Flow II Layout Work Systems SW New Program Execution – Lean Product Development: • Continue to Evolve LPD Model • 787 Nacelle Program Execution $ $ – Newest Training Ground for Lean PD – Raises Performance Bar for Lean PD Least Waste Way Cum • Rigorous and Relentless Application of Lean Non- PD on Recurring Recurring Unit Cost – All New Business Acquisition Projects Time – All New Product Development Programs Implement… Improve… Standardize 14
  • 15. Summary The Value Proposition for Goodrich • Great market positions • Good top line growth – sustainable, above market metric growth – Continued strong commercial airplane original equipment growth – Expect commercial aftermarket growth greater than market growth (ASM’s) – Continued growth in defense and space driven by ISR technology, upgrades and retrofits of existing products and new aircraft programs • Delivering on substantial margin improvement opportunity – Improved segment operating income margin from 11.5% in 2005 to 13.0% for the full year 2006 – Expect to achieve at least 15% segment operating income margin by 2009 • Driving cash flow conversion levels toward 100% • Entire organization focused on margin expansion and cash flow growth Goodrich strengths in all of its market channels should enable sustained growth of sales, income and margins beyond 2009 15