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Paul Gifford
    Vice President – Investor Relations


                               Gabelli
                     11th Annual Aircraft Supplier
                             Conference

                         September 7, 2006

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 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 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 July 27, 2006 Second 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
Goodrich Value Proposition and Key
           Performance Drivers




3
Company Overview - Goodrich

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




4
The Value Proposition for Goodrich
                                     2006 – 2010 Expectations



    Great market positions

    Good top line growth

    Substantial margin improvement opportunity

    Significant cash flow improvement expected in 2007

    Sustainable income growth beyond the OE cycle




5
Goodrich – Key Market
                                                                                 Leadership Positions


    Aerospace Focus - Leadership Positions - Global Presence - Broad Systems Capability - Highly Engineered Products

                                             UTC              SAFRAN               HON              Goodrich
        2005 Aerospace Sales                $16.5B              $9.7B             $10.5B              $5.4B
    Nacelles
    Engines
    Power Generation
    Sensors
    APUs
    Avionics
    Electronic Controls
    Flight Ctrl/Actuation
    Environmental Controls
    Landing Gear
    Lighting
    Wheel/Brakes
    Evacuation Systems
    Cargo Systems
    Space Systems

                  Goodrich has the broadest portfolio of system leadership positions;
            with approximately 85% of sales in markets with #1 or #2 positions world-wide

6
First Half 2006 Sales by Market Channel
                                                               Total Sales $2,907M


                                                                    Total Commercial OE
                                          Other
    Total Defense and
                                           6%
                                                                            33%
          Space
                                                       Boeing
           24%                                      Commercial OE
                                                        9%


                                                                        Airbus
        Defense &
                                                                     Commercial OE
       Space, OE &
                                                                         17%
       Aftermarket
                               OE
           24%



                            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
                                                             37%
                       7%

                               Balanced business mix
7
Top Line Growth -
                                                                            Large Commercial OE Market
    2006 orders expected to be
    higher than deliveries – many
                                                               800
    for deliveries beyond 2008
                                                                                                                             Airbus               Boeing
    Both manufacturers continue




                                         Aircraft Deliveries
                                                               600
    to increase production rates
    and deliveries
                                                               400
    Airbus fleet growing faster
    than Boeing fleet
                                                               200
    Sustained, steady growth will
    benefit both suppliers and                                  0
    manufacturers




                                                                                                                                                                                     2006 Est
                                                                                                                                                                                                2007 Est
                                                                     1990
                                                                            1991
                                                                                   1992
                                                                                          1993
                                                                                                 1994
                                                                                                        1995
                                                                                                               1996
                                                                                                                      1997
                                                                                                                             1998
                                                                                                                                    1999
                                                                                                                                           2000
                                                                                                                                                  2001
                                                                                                                                                         2002
                                                                                                                                                                2003
                                                                                                                                                                       2004
                                                                                                                                                                              2005
                                                                            Source: GR Estimates
    Overall active fleet continues
    to increase
                                                                               Active Passenger Fleet – 2014 (Est.)
         Active Passenger Fleet - 2005

                                                                                                                             Airbus
                           Airbus
                                                                                                                              37%
                  Boeing    24%
                   76%                                                                                  Boeing
                                                                                                         63%


8
Top Line Growth -
                                                                                                                                          Regional Jet Market
    Expect decline in regional
    aircraft deliveries in 2006                                           250
                                                                                                                    Bombardier                          Embraer




                                  Regional Jet Deliveries
                                                                          200
    2006 Goodrich sales
    expected to continue to                                               150

    grow – result of content                                              100
    positioning and model
    mix                                                                            50



    Rapid growth since 1992                                                            0




                                                                                           1990

                                                                                                   1991
                                                                                                          1992

                                                                                                                  1993
                                                                                                                         1994

                                                                                                                                 1995
                                                                                                                                        1996

                                                                                                                                                1997
                                                                                                                                                       1998

                                                                                                                                                              1999

                                                                                                                                                                       2000
                                                                                                                                                                               2001

                                                                                                                                                                                      2002
                                                                                                                                                                                             2003

                                                                                                                                                                                                      2004
                                                                                                                                                                                                               2005

                                                                                                                                                                                                                      2006 Est
                                                                                                                                                                                                                                 2007 Est
    has driven rapid fleet                                                                        Source: Jet Information Services, Inc; GR Estimates




                                              Cumulative Regional Jet Deliveries
    size expansion                                        2500
                                                                                                                                        Installed fleet

                                                          2000
    Expect continued growth
    in aftermarket from                                   1500


    installed base                                        1000


    Good positions on all                                            500

    major regional jet
    models
                                                                                   0
                                                                                   1990

                                                                                            1991

                                                                                                      1992

                                                                                                                 1993

                                                                                                                          1994

                                                                                                                                   1995

                                                                                                                                               1996

                                                                                                                                                       1997

                                                                                                                                                                1998

                                                                                                                                                                              1999

                                                                                                                                                                                      2000

                                                                                                                                                                                               2001

                                                                                                                                                                                                             2002

                                                                                                                                                                                                                      2003

                                                                                                                                                                                                                                    2004

                                                                                                                                                                                                                                            2005
                                                                                                     Source: Jet Information Services, Inc; GR Estimates
9
Top Line Growth -
                                   Aftermarket Products and Services
     Driven by ASMs, fleet size,
     fleet age & GDP                   World ASM and RPM Percent Change, Year Over Year
                                    14.00%
                                                                         ASMs             RPMs
                                    12.00%
     Goodrich 2006 sales growth     10.00%
     expected to continue to be      8.00%

     above ASM growth rates          6.00%
                                     4.00%
                                     2.00%

     RPM and ASM growth              0.00%

     expected to be about the       -2.00%

     same for 2006 - 2010
                                    -4.00%




                                               91
                                                     92
                                                           93
                                                                 94
                                                                       95
                                                                             96
                                                                                   97
                                                                                         98
                                                                                               99
                                                                                                     00
                                                                                                           01
                                                                                                                 02
                                                                                                                         03
                                                                                                                               04
                                                                                                                                          05
                                                                                                                                               2 0 Et
                                                                                                                                                          2 0 Et
                                                                                                                                                                   2 0 Et
                                                                                                                                                                              2 0 Et
                                                                                                                                                                                       2 1 Et
                                                                                                                                                06 s
                                                                                                                                                           07 s
                                                                                                                                                                    08 s
                                                                                                                                                                               09 s
                                                                                                                                                                                        00 s
                                              19
                                                    19
                                                          19
                                                                19
                                                                      19
                                                                            19
                                                                                  19
                                                                                        19
                                                                                              19
                                                                                                    20
                                                                                                          20
                                                                                                                20
                                                                                                                        20
                                                                                                                              20
                                                                                                                                         20
     World fleet expected to                                          Total Aircraft in World Fleet
                                      35000
     continue to grow                                                         Installed fleet
                                      30000
                                      25000
     Strong aftermarket trends        20000
     expected to assist Goodrich      15000
     margin expansion                 10000
                                       5000
                                         0




                                                                                                                 2007 Est


                                                                                                                              2009 Est


                                                                                                                                               2011 Est


                                                                                                                                                                   2013 Est

                                                                                                                                                                                       2015 Est
                                             1995


                                                      1997


                                                                  1999


                                                                              2001


                                                                                         2003

                                                                                                     2005
                                                                            Source: The Airline Monitor


         Above average growth rates possible over next several years
10
Top Line Growth -
                                           Defense & Space Market

     Goodrich product focus
       Surveillance and reconnaissance
       High usage platforms – helicopters, transport aircraft,
       fighters
       New platforms
     US in transition to “network-centric warfare”
       More focus on Surveillance and Reconnaissance to provide
       Intelligence
     Fewer new platform starts create upgrade
     opportunities
     Goodrich developing several new products for
     Homeland Security markets
       Market for Goodrich products is global and focused on growth
     areas; not dependent on any single program, platform or customer
11
Sales by Market Channel
                                      Second Quarter 2006 Change Analysis

                                                   Actual Goodrich Change Comparisons
                           Primary Market
      Market Channel
                               Drivers                                      First Half 2006
                                                2Q 2006 vs.   2Q 2006 vs.
                                                                             vs. First Half
                                                 2Q 2005       1Q 2006
                                                                                  2005
 Boeing and Airbus –
                          Aircraft Deliveries      18%            --             22%
 OE Production

 Regional, Business &
                          Aircraft Deliveries      24%          (2%)             23%
 General Aviation - OE
 Aftermarket – Large
                          ASMs, Age, Cycles,
 Commercial and
                                                   20%           8%              18%
                             Fleet size
 Regional, Business and
 GA
 Defense and Space –       US, UK Defense
                                                  (6%)           7%             (4%)
 OE and Aftermarket            Budgets

 Heavy Airframe             Aircraft aging,
                                                  (19%)          11%            (25%)
 Maintenance                 Parked Fleet

 Other                       IGT, Other           (3%)          (8%)             5%

 Goodrich Total Sales                              10%           4%              11%

12
2006 Sales Expectations
                                                                              By Market Channel

     Goodrich                          2006        2006
                                                 Goodrich
       2005              Market       Market                      Market expectations - 2007 and beyond
                                                  Growth
                                      Growth
     Sales Mix

        8%       Boeing OE Del.        36%         ~15%       Strong growth in 737, 777, A320;
       16%       Airbus OE Del.        10%        (Due to     A380, 787 and A350 introductions support
                                                  delivery    deliveries past normal peak
       24%        Total (GR Weight)    19%
                                                lead times)

       6%        Regional/Bus/GA      0-5%        >10%        CF34-10 Engine Nacelles and tail cone support
                 OE (Weighted)                                continued growth through the cycle

       32%       Aftermarket           ~5%        ~10%        Airbus AM growing faster due to fleet aging,
                 (Commercial/                                 excellent product positions plus outsourcing
                 Regional/Bus/GA)                             trend support higher than market growth rate

       28%       Defense and Space    Approx.    Flat to      OE - Positions on funded platforms worldwide,
                 OE and Aftermarket     Flat     slightly     new products provide stable growth
                                                  down        Aftermarket - Platform utilization, upgrade
                                                              opportunities support long-term growth

       4%        Heavy                 5%        Flat to      Goodrich operating near capacity, sales
                 Maintenance                     slightly     fluctuate based on A/C age, timing and type of
                                                  down        overhaul

       6%        Other                            ~5%

      100%       Total                 ~7%        7 - 8%


13
Sustainable Growth
                                     Beyond the Peak of the Cycle

     Commercial Aftermarket
       Significantly larger fleet should fuel aftermarket strength
       Excellent balance between Boeing and Airbus
       Airbus and regional jet fleet is getting older, more mature
       – increased aftermarket support
       Greater content on newer, more efficient aircraft will
       provide long term aftermarket growth
       More long-term agreements
       More opportunity for airline outsourcing

     Defense and space market
        Balance and focus on high growth areas
        War on terror drives sustained spending



14
Sustainable Growth
                                                                               Beyond the Peak of the Cycle


                                                                                                   A380
                                                Current Models
     Average Content per Aircraft ($M)




                                                New Models                                  B747


                                                                    B787,
                                                                    A350



                                                                              B777,
                                                            B767,             A340
                                                            A330
                                             B737,
                                             A320




                                          Single Aisle     Small Twin       Large Twin     Very Large
                                                             Aisle             Aisle       Twin Aisle
                                         Higher content per aircraft should dampen the effect from the next
                                                               commercial down cycle
15
Full-year 2006 Outlook




16
2006 Outlook Summary

     Continued robust growth in major Commercial
     Aerospace original equipment and aftermarket
     channels
     Continue to expect ~100 basis point segment OI
     margin expansion in 2006, compared to 2005
         Operational excellence and volume leverage
     On track to achieve mid-teens segment OI margin
     by 2009-2010
     Expect growth in EPS from continuing operations to
     be greater than sales growth


     Balancing short-term earnings improvement & long-term value creation

17
2006 Outlook Reconciliation

                                             Prior             Current
                                            Outlook            Outlook                 Comments
 Sales                                     $5.6-5.7B        $5.75-5.85B      Increased expectations for
                                                                             commercial aftermarket and
                                                                             regional OE sales
 EPS
  - Excl. Tax, TMP sale                   $2.25-2.45         $2.35-2.50      Continued strong
                                                                             aftermarket, regional OE
                                                                             Rohr litigation
 - March 29 Tax Settlement                  $0.93               $0.93
 - April Tax Settlement                                                      Rohr 1995-97 audit
                                            $0.12               $0.12
 - TMP Sale                                                                  Sale process terminated
                                            $0.08
     Net Income                           $3.38-3.58         $3.40-3.55
 Cash flow from operations                $100-150M            Approx.       Includes expected 2nd half
 minus capital expenditures                                  break-even      2006 tax payments of
                                                                             approx. $140 million,
                                                                             unwinding of A/R
                                                                             securitization program
                                                                             ($97M)
 Capital Expenditures                     $240-260M          $240-260M       No change

                          Outlook does not include
                               •Resolution of remaining items in IRS examination cycle
                               •Impact of acquisitions or divestitures
                               •Resolution of remaining A380 contractual disputes with Northrop
18                             Grumman
Long-term Margin Expansion Outlook

              OI/Sales Margins
18%                                                 18%   Objective
                                                              Expect Airframe Systems
                                                              margin improvement to
16%                                                 16%       ~10%
                                         y                    Sustained, high Engine
                                      pan
                                  C om                        Systems margins
                             al
14%                                                 14%
                       Tot
                                                              Mid-teens Electronics
                                                              Systems margins
12%                                                 12%   Drivers
                                                              Volume leverage
                                                              R&D costs on new
10%                                                 10%
                                                              programs mitigate
                                                              Pension, FX and stock-
                                                              based compensation
 8%                                                 8%
                                                              headwinds mitigate or
      2004   2005   2006     2007     2008   2009             reverse



                           Substantial margin upside potential

19
The Value Proposition for Goodrich
                                        2006 – 2010 Expectations

     Great market positions
     Good top line growth expected over the next several
     years
     Substantial margin improvement opportunity
        High margin aftermarket growth and OE volume leverage
        Development program costs mitigate
        Believe that Airframe margins bottomed out in 2005
     Significant cash flow improvement expected in 2007
     Sustainable income growth beyond the OE cycle
        Expect continued growth in aftermarket – faster than ASMs
        Goodrich should see “cycle on top of cycle” for OE
        production
         • A380, Boeing 787, Boeing 747-8 and A350 all expected to have
           high Goodrich content


      Key for 2006: Entire organization focused on margin
             improvement – with a sense of urgency
20
Supplemental Information
     Additional information and presentations about
      Goodrich programs and products are available
      at www.goodrich.com. Presentations that are
     available in the Investor Relations portion of the
        web site include the July 27, 2006 Second
     Quarter Results presentation and the December
           12, 2005 Annual Investor Conference
                        presentation.



21
Second Quarter 2006 – Financial Summary
                                         Year-over-Year Performance



                                              2nd Qtr   2nd Qtr
       (Dollars in Millions, excluding EPS)    2006      2005     Change
     Sales                                    $1,483    $1,353     10%

     Segment operating income                  $203      $157      29%

       - % of Sales                           13.7%     11.6%     +2.1%
     Income
        - Continuing Operations                $81       $62       30%
        - Net Income                           $81       $76        7%

     Diluted EPS
        - Continuing Operations               $0.64     $0.51      25%
        - Net Income                          $0.64     $0.61       5%



22
Second Quarter YTD 2006 – Financial Summary
                                        Year-over-Year Performance



                                             First Half   First Half
      (Dollars in Millions, excluding EPS)     2006         2005       Change
     Sales                                    $2,907       $2,628       11%

     Segment operating income                  $373         $308        21%

       - % of Sales                           12.8%        11.7%       +1.1%
     Income
        - Continuing Operations                $281         $119       136%
        - Net Income                           $283         $133       112%

     Diluted EPS
        - Continuing Operations               $2.23        $0.97       130%
        - Net Income                          $2.24        $1.08       107%



23

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goodrich Gabelli_9.7.06

  • 1. Paul Gifford Vice President – Investor Relations Gabelli 11th Annual Aircraft Supplier Conference September 7, 2006 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 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 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 July 27, 2006 Second 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. Goodrich Value Proposition and Key Performance Drivers 3
  • 4. Company Overview - Goodrich GR Portfolio Attributes Results More predictable revenue Proprietary products and income growth Non-discretionary repair / Significant margin replacement cycles potential Large installed base drives Sustainable leadership aftermarket sales positions Participation on every large Diverse product portfolio commercial and regional jet platform and balanced customer Significant defense & space presence base 4
  • 5. The Value Proposition for Goodrich 2006 – 2010 Expectations Great market positions Good top line growth Substantial margin improvement opportunity Significant cash flow improvement expected in 2007 Sustainable income growth beyond the OE cycle 5
  • 6. Goodrich – Key Market Leadership Positions Aerospace Focus - Leadership Positions - Global Presence - Broad Systems Capability - Highly Engineered Products UTC SAFRAN HON Goodrich 2005 Aerospace Sales $16.5B $9.7B $10.5B $5.4B Nacelles Engines Power Generation Sensors APUs Avionics Electronic Controls Flight Ctrl/Actuation Environmental Controls Landing Gear Lighting Wheel/Brakes Evacuation Systems Cargo Systems Space Systems Goodrich has the broadest portfolio of system leadership positions; with approximately 85% of sales in markets with #1 or #2 positions world-wide 6
  • 7. First Half 2006 Sales by Market Channel Total Sales $2,907M Total Commercial OE Other Total Defense and 6% 33% Space Boeing 24% Commercial OE 9% Airbus Defense & Commercial OE Space, OE & 17% Aftermarket OE 24% 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 37% 7% Balanced business mix 7
  • 8. Top Line Growth - Large Commercial OE Market 2006 orders expected to be higher than deliveries – many 800 for deliveries beyond 2008 Airbus Boeing Both manufacturers continue Aircraft Deliveries 600 to increase production rates and deliveries 400 Airbus fleet growing faster than Boeing fleet 200 Sustained, steady growth will benefit both suppliers and 0 manufacturers 2006 Est 2007 Est 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Source: GR Estimates Overall active fleet continues to increase Active Passenger Fleet – 2014 (Est.) Active Passenger Fleet - 2005 Airbus Airbus 37% Boeing 24% 76% Boeing 63% 8
  • 9. Top Line Growth - Regional Jet Market Expect decline in regional aircraft deliveries in 2006 250 Bombardier Embraer Regional Jet Deliveries 200 2006 Goodrich sales expected to continue to 150 grow – result of content 100 positioning and model mix 50 Rapid growth since 1992 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Est 2007 Est has driven rapid fleet Source: Jet Information Services, Inc; GR Estimates Cumulative Regional Jet Deliveries size expansion 2500 Installed fleet 2000 Expect continued growth in aftermarket from 1500 installed base 1000 Good positions on all 500 major regional jet models 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Source: Jet Information Services, Inc; GR Estimates 9
  • 10. Top Line Growth - Aftermarket Products and Services Driven by ASMs, fleet size, fleet age & GDP World ASM and RPM Percent Change, Year Over Year 14.00% ASMs RPMs 12.00% Goodrich 2006 sales growth 10.00% expected to continue to be 8.00% above ASM growth rates 6.00% 4.00% 2.00% RPM and ASM growth 0.00% expected to be about the -2.00% same for 2006 - 2010 -4.00% 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 2 0 Et 2 0 Et 2 0 Et 2 0 Et 2 1 Et 06 s 07 s 08 s 09 s 00 s 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 World fleet expected to Total Aircraft in World Fleet 35000 continue to grow Installed fleet 30000 25000 Strong aftermarket trends 20000 expected to assist Goodrich 15000 margin expansion 10000 5000 0 2007 Est 2009 Est 2011 Est 2013 Est 2015 Est 1995 1997 1999 2001 2003 2005 Source: The Airline Monitor Above average growth rates possible over next several years 10
  • 11. Top Line Growth - Defense & Space Market Goodrich product focus Surveillance and reconnaissance High usage platforms – helicopters, transport aircraft, fighters New platforms US in transition to “network-centric warfare” More focus on Surveillance and Reconnaissance to provide Intelligence Fewer new platform starts create upgrade opportunities Goodrich developing several new products for Homeland Security markets Market for Goodrich products is global and focused on growth areas; not dependent on any single program, platform or customer 11
  • 12. Sales by Market Channel Second Quarter 2006 Change Analysis Actual Goodrich Change Comparisons Primary Market Market Channel Drivers First Half 2006 2Q 2006 vs. 2Q 2006 vs. vs. First Half 2Q 2005 1Q 2006 2005 Boeing and Airbus – Aircraft Deliveries 18% -- 22% OE Production Regional, Business & Aircraft Deliveries 24% (2%) 23% General Aviation - OE Aftermarket – Large ASMs, Age, Cycles, Commercial and 20% 8% 18% Fleet size Regional, Business and GA Defense and Space – US, UK Defense (6%) 7% (4%) OE and Aftermarket Budgets Heavy Airframe Aircraft aging, (19%) 11% (25%) Maintenance Parked Fleet Other IGT, Other (3%) (8%) 5% Goodrich Total Sales 10% 4% 11% 12
  • 13. 2006 Sales Expectations By Market Channel Goodrich 2006 2006 Goodrich 2005 Market Market Market expectations - 2007 and beyond Growth Growth Sales Mix 8% Boeing OE Del. 36% ~15% Strong growth in 737, 777, A320; 16% Airbus OE Del. 10% (Due to A380, 787 and A350 introductions support delivery deliveries past normal peak 24% Total (GR Weight) 19% lead times) 6% Regional/Bus/GA 0-5% >10% CF34-10 Engine Nacelles and tail cone support OE (Weighted) continued growth through the cycle 32% Aftermarket ~5% ~10% Airbus AM growing faster due to fleet aging, (Commercial/ excellent product positions plus outsourcing Regional/Bus/GA) trend support higher than market growth rate 28% Defense and Space Approx. Flat to OE - Positions on funded platforms worldwide, OE and Aftermarket Flat slightly new products provide stable growth down Aftermarket - Platform utilization, upgrade opportunities support long-term growth 4% Heavy 5% Flat to Goodrich operating near capacity, sales Maintenance slightly fluctuate based on A/C age, timing and type of down overhaul 6% Other ~5% 100% Total ~7% 7 - 8% 13
  • 14. Sustainable Growth Beyond the Peak of the Cycle Commercial Aftermarket Significantly larger fleet should fuel aftermarket strength Excellent balance between Boeing and Airbus Airbus and regional jet fleet is getting older, more mature – increased aftermarket support Greater content on newer, more efficient aircraft will provide long term aftermarket growth More long-term agreements More opportunity for airline outsourcing Defense and space market Balance and focus on high growth areas War on terror drives sustained spending 14
  • 15. Sustainable Growth Beyond the Peak of the Cycle A380 Current Models Average Content per Aircraft ($M) New Models B747 B787, A350 B777, B767, A340 A330 B737, A320 Single Aisle Small Twin Large Twin Very Large Aisle Aisle Twin Aisle Higher content per aircraft should dampen the effect from the next commercial down cycle 15
  • 17. 2006 Outlook Summary Continued robust growth in major Commercial Aerospace original equipment and aftermarket channels Continue to expect ~100 basis point segment OI margin expansion in 2006, compared to 2005 Operational excellence and volume leverage On track to achieve mid-teens segment OI margin by 2009-2010 Expect growth in EPS from continuing operations to be greater than sales growth Balancing short-term earnings improvement & long-term value creation 17
  • 18. 2006 Outlook Reconciliation Prior Current Outlook Outlook Comments Sales $5.6-5.7B $5.75-5.85B Increased expectations for commercial aftermarket and regional OE sales EPS - Excl. Tax, TMP sale $2.25-2.45 $2.35-2.50 Continued strong aftermarket, regional OE Rohr litigation - March 29 Tax Settlement $0.93 $0.93 - April Tax Settlement Rohr 1995-97 audit $0.12 $0.12 - TMP Sale Sale process terminated $0.08 Net Income $3.38-3.58 $3.40-3.55 Cash flow from operations $100-150M Approx. Includes expected 2nd half minus capital expenditures break-even 2006 tax payments of approx. $140 million, unwinding of A/R securitization program ($97M) Capital Expenditures $240-260M $240-260M No change Outlook does not include •Resolution of remaining items in IRS examination cycle •Impact of acquisitions or divestitures •Resolution of remaining A380 contractual disputes with Northrop 18 Grumman
  • 19. Long-term Margin Expansion Outlook OI/Sales Margins 18% 18% Objective Expect Airframe Systems margin improvement to 16% 16% ~10% y Sustained, high Engine pan C om Systems margins al 14% 14% Tot Mid-teens Electronics Systems margins 12% 12% Drivers Volume leverage R&D costs on new 10% 10% programs mitigate Pension, FX and stock- based compensation 8% 8% headwinds mitigate or 2004 2005 2006 2007 2008 2009 reverse Substantial margin upside potential 19
  • 20. The Value Proposition for Goodrich 2006 – 2010 Expectations Great market positions Good top line growth expected over the next several years Substantial margin improvement opportunity High margin aftermarket growth and OE volume leverage Development program costs mitigate Believe that Airframe margins bottomed out in 2005 Significant cash flow improvement expected in 2007 Sustainable income growth beyond the OE cycle Expect continued growth in aftermarket – faster than ASMs Goodrich should see “cycle on top of cycle” for OE production • A380, Boeing 787, Boeing 747-8 and A350 all expected to have high Goodrich content Key for 2006: Entire organization focused on margin improvement – with a sense of urgency 20
  • 21. Supplemental Information Additional information and presentations about Goodrich programs and products are available at www.goodrich.com. Presentations that are available in the Investor Relations portion of the web site include the July 27, 2006 Second Quarter Results presentation and the December 12, 2005 Annual Investor Conference presentation. 21
  • 22. Second Quarter 2006 – Financial Summary Year-over-Year Performance 2nd Qtr 2nd Qtr (Dollars in Millions, excluding EPS) 2006 2005 Change Sales $1,483 $1,353 10% Segment operating income $203 $157 29% - % of Sales 13.7% 11.6% +2.1% Income - Continuing Operations $81 $62 30% - Net Income $81 $76 7% Diluted EPS - Continuing Operations $0.64 $0.51 25% - Net Income $0.64 $0.61 5% 22
  • 23. Second Quarter YTD 2006 – Financial Summary Year-over-Year Performance First Half First Half (Dollars in Millions, excluding EPS) 2006 2005 Change Sales $2,907 $2,628 11% Segment operating income $373 $308 21% - % of Sales 12.8% 11.7% +1.1% Income - Continuing Operations $281 $119 136% - Net Income $283 $133 112% Diluted EPS - Continuing Operations $2.23 $0.97 130% - Net Income $2.24 $1.08 107% 23