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Marshall Larsen

    Chairman, President and CEO



                       Bank of America
              35th Annual Investment Conference
                        San Francisco
                     September 21, 2005
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, and the Lockheed Martin F-35 Joint Strike Fighter 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 28, 2005 Second Quarter 2005 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


    One of the largest worldwide aerospace suppliers
    Broadest portfolio of products in industry
    Proprietary, flight critical products
    Operating history of over 130 years
    More than 22,100 employees in facilities throughout the world




3
Goodrich – Key Market
      Leadership Positions




4
Goodrich – Key Market
                                                                             Leadership Positions

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

                                         UTC              SNECMA               HON              Goodrich
    2004 Aerospace Sales                $14.7B              $8.9B              $9.7B              $4.7B
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
5
First Half 2005 Sales by Market Channel
                                                                 Total Sales $2,628M

      Total Military and Space                                      Total Commercial OE
                                          Other
                                           6%
                 28%                                                        31%
                                                       Boeing
                                                    Commercial OE
                                                        8%


                                                                         Airbus
                                                                      Commercial OE
                                                                          16%
                                   OE
             Military &
            Space, OE &
            Aftermarket
                28%
                                                                                Regional,
                                                                             Business & Gen.
                                  AM                                             Av. OE
                                                                                   7%




                      Heavy A/C
                                                                    Large Commercial Aircraft
                        Maint.
                                                                          Aftermarket
                         4%
                                                                              24%
                             Regional, Business &
                               General Aviation           Total Commercial Aftermarket
                                  Aftermarket
                                                                     35%
                                      7%

6   Balanced business mix – three major market channels, each with strong growth
2005 Market Channel Growth Expectations


                                                        Average Growth
                                     2004 Sales
                                        Mix
        Sales by Market Channel                    1st 6 Mos.    2005 Expected
                                                  2005 vs. 1st    Change from
                                                  6 Mos. 2004        2004
    Military and Space –
                                       30%           11%           5% - 6%
    OE and Aftermarket
    Boeing and Airbus –
                                       23%           18%         Approx. 20%
    OE Production
    Regional, Business & General
                                        6%           22%            >10%
    Aviation - OE
    Aftermarket – Large Commercial
                                       32%           13%         Approx. 10%
    and Regional, Business and GA
    Heavy Airframe Maintenance          3%           38%            >25%
    Other                               6%           15%         Approx. 15%
    Goodrich Total Sales               $4.7B         15%          10% - 12%

7
Current vs. Prior Cycle
                                                Market Differences


    Market
      Growth rate for OE production smoother

      Better balance between Boeing and Airbus

      Significantly larger fleet to fuel aftermarket strength

      Airbus and regional jet fleet is older, more mature –
      increased aftermarket support




8
Large Aircraft Deliveries
                                                                        Prior Cycle vs. Current Expectations

            1,000                                                                       1,000
                                                                                                        Boeing   Airbus
                            Boeing     Airbus
                                                                                                 900
                     900

                                                                                                 800
                                                 GR                                                                          R
                     800
                                                                                                                         CAG
                                               A                                                                       %
                                           C                                                                      11




                                                                            Aircraft Delivered
                                                                                                 700
Aircraft Delivered




                     700
                                      2%
                                  3                                                              600
                     600
                                                                                                 500
                     500
                                                                                                 400
                     400
                                                                                                 300
                     300
                                                                                                 200
                     200
                                                                                                 100
                     100
                                                                                                  0
                      0                                                                                2003      2004     2005    2006
                           1996        1997           1998     1999                                                       Est.*   Est.*

                            Based on current estimates, this upcycle will have more measured OE growth
               9                     *Forecasts based on public information from manufacturers
Current vs. Prior Cycle
                                             Company Specific Differences


     Goodrich Specific
       Significantly larger sales base
         • 1996 sales at $1.25B
         • 2005 estimated sales at $5.2 to $5.3B – more than a four-fold increase
        Significantly more diverse products
         • 1996 – focused on wheels and brakes, landing gear, sensors and
           evacuation systems
         • 2005 – all of the above plus aerostructures, engine controls, actuation
           and more
        Top line growth potential from new programs is much
        greater
        Currently at 28% military and space, versus 18% in 1996
        (without Rohr) and 9% in 1997 (including Rohr)
        Much better positioned from a cost structure standpoint
        Higher proportion of “power-by-the-hour” contracts

10
Airbus A380, A350 & Boeing 787 Awards

                                           A380               A350              787
                                         Passenger          Passenger        Passenger
                                          Version            Version          Version
 Nacelles
 Engine Fan Case/Other Specialty
                                                             Pending
 Aerostructures Products
 Landing Gear                                                Pending
 Power Generation/Distribution                               Pending
 Sensors                                                     Pending
 Engine Controls                                             Pending
 Fuel & Proximity Systems                                    Pending
 Flight Control Actuation                                    Pending
 Lighting                                                    Pending
 Wheels and Brakes                                           Pending
 Evacuation Systems                                          Pending
 Cargo Systems                                               Pending
 Specialty Seating                                           Pending         Pending

                     Significant market penetration on new programs
11
                            Note: Shaded areas indicate Goodrich positions
Key New Programs Will Add
                                                                 Balanced Future Growth

                                                                             Military
                      Commercial
                                 CF34-10 Nacelle
    A380 Program                                 Joint Strike Fighter
                                    System                                              C-5 Re-Engine




                                    $1.4 Billion+*
       $6 Billion+*                                           $5 Billion+*                $0.8 Billion+*
                                       2005**
         2005**                                                 2006**                       2004**
  787 Dreamliner                 A350 Program                     Small Engine Controls




                                                                        $1.1 Billion+*
    $7 Billion+***                 $6 Billion****
                                                                           2005**
       2008**                         2010**
   *Total estimated sales over life of program                     *** Total estimated sales through 2028
12 ** Year in which significant sales are expected to begin        **** Total estimated sales over 20 years
Expected Future Sales
                                                             from Key New Programs

                                           (Dollars in Millions)
     $1,400
               Annual Expected Future Sales for:
               • A380 Program
     $1,200    • 787 Program
               • A350 Program
               • CF34-10 Nacelle System
                 CF34-
     $1,000    • JSF Program
               • C-5 Re-engine Program
                     Re-
               • Small Engine Controls
      $800

      $600

      $400

      $200

        $0
              2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

      New program sales are expected to provide significant incremental
                               sales growth
13
Emerging Growth Opportunities


     HUMS: Health & Usage Management
     Systems
         Patented Software that can detect and
         identify subtle, abnormal vibrations and
         predict wear in rotating machinery
     Airborne Reconnaissance – DB110
         “Turnkey” reconnaissance system for
         Border Patrol and Homeland Security
     Chemical/Biological Detection Systems
         Robust chemical and biological detection
                                                              Nuclear
         system for Defense and Homeland Security             Power
         applications                                         and
                                                              Weapon
     Laser Perimeter Awareness System                         s
                                                    Petrochemical
                                                                  Military
                                                                  Bases
         Autonomous perimeter security

14
Goodrich – Strategic Imperatives


                                      Top Quartile
                                   Aerospace Returns




                                       Conclusion
                                      Leverage the                     Operational
     Balanced Growth
                                       Enterprise                      Excellence


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

15
Operational Excellence
                                 Lean Manufacturing - Actuation Systems

                   A380 Prismatic Titanium Machining Cell
                     Linkage and Flow Event
                     Entire area moved during the week




Pre-Event – Monday Morning                               Post Event – Friday Morning
        •   Part travel reduced by 78% from 1,677m to 372m
        •   Operator travel reduced by 85% from 2,442m to 372m
        •   Lead time for Titanium Valve Block reduced by 86% from 72 days to 10 days
        •   Work in progress reduced by 64% from 39 blocks to 14 blocks


                           3 Months Action in 1 Week
16
Operational Excellence
                                                                                                                                                                                                                Lean Product Development

                                                                                                                                                                     Planning                            Execution                                                                   Stable Production
    Macro Learning
                                                                                                                                                                                                                                                                                                                                                                       Standard Work Combination Sheet
                                                                                                                                                                                                                                   Standard Work Sheet
                                                                                                                                                                                                                                                FROM: Incoming                                                                           PREPA RED BY: J. Smith
                                                                                                                                                                                                                                                                                          PROCESS N AME:
                                                                                                                                                                                                                                   SC OPE OF
                                                                                                                                                                                                                                                                                                            Forming Center                DATE: 3/16/00
                                                                talk to customer                                                                                                                                                   OPER ATION S TO:   Finished                                                                                                                                                                                                                                    590 seconds
                                                                                                                                                                                                                                                                                                                                                                        Date:______________                                           Face & Burr                059
                                                                                                                                                                                                                                                                                                                                                                                                                       Process /Cell:__________________ Dept.:_________               Takt Time:_____________
                                                                                                                                                                                                                                                                                                                                                                               12/6/98
                                                                                                            look for work




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

                                                                                                                                                                                                                                                                                                                                                                               Pic k part form tote, index
                                                                                                                                                                                                                                                                                                                                     1                                                                                   77quot;            10quot;
                                                                                                                                                                                                                                                                                                                                                                               to APLT and scribe.
                                                                                                                                                                                                                                                                                                                                                                        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 hd hdn
                                                                                                                                                                                                                                                                                                                                                                        2                                               163quot;           10quot;
                                                                                                                                                                                                                                                                                                                                                                              edges to scribe line.
                          • [nq sndc hdhdn                          • [nq sndc hdhdn
                                                                                                                                                                                                                                                                                                2




                                                                                                                                                                                                                                                           3
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                                                                                                                                                                                                                                                                                                                    1
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                                                                                                                                                                                                                                                            Mach ing
                                                                                                                                                                                                                                                                ine
                                                                                                                                                                                                                                                                                                                                                                              Deburr holes.
                          • j sjk qw nq                             • jsjk qw nq                                        • ncx nokk qwddm
                                                                                        make spares




                                                                                                                                                                                                                                                             Form
                                                                                                                                                                                                                                                                                                                                                                        3                                                84quot;            10quot;
                          • ncx nokk qwddm
    build tools
                                                  make parts
                                                                                                                                                                                                                                                                                                                                                                              Index part to APLT,
                                                                                                                                                                                                                                                                            3                                                                                           4                                                               5quot;
                                                                                                                                                                                                                                                                                                                                                                                                                        102quot;
                                                                                                                                                                                                                                                                                                                                                                              clamp and final scribe.
                                                                                                                                                                                                                                                                                                                                                                              Remove APLT and
                                                                                                                                                                                                                                                                                                                                 6                                      5                                                               10quot;
                                                                                                                                                                                                                                                                                                                                                                                                                        50quot;
                                                                                                                                                                                                                                                                                                                                                                              final face edges.
                                                                                                                                                                                                                                                                                                                                               6
                                                                                                                                                                                                                                                                                     4
                                                                                        • Pksx xnk dcm;s
                                                                                                                                                                                                                                                                                                             5
                                                                                        • knk sdcn
                                                                                                                                                                                                                                                                                                                                                                        6




                                                                                                                                                                                                                                                                        4
                                                                                                                                                                                                                                                                                                                                         Finished                             Final deburr holes.
• Pksx xnk dcm;s                                                                                                                                                                                                                                                                                                                                                                                                        53quot;
                                                                                        • [nq sndc hdhdn
• knk sdcn                                                                                                                                                                                                                                                                                                                                 Rack




                                                                                                                                                                                                                                                                          le g
                                                                                                                                                                                                                                                                                                    5
                                                                                        • nq smsjkc mzm
                                             • Pksx xnk dcm;s




                                                                                                                                                                                                                                                                       Tab hin
• [nq sndc hdhdn
                                                                                        • j sjk qw nq                                                                                                                                                                                                       Test Bench
                                             • knk sdcn




                                                                                                                                                                                                                                                                       Finis
• nq smsjkc mzm
                                                                                                                                                                                                                                                                                                                                                                        7 Place part and APLT in tote.
                                             • [nq sndc hdhdn                                                                                                                                                                                                                                                                                                                                                                           10quot;
• jsjk qw nq
                                                                                                           Customer audit
                                             • nq smsjkc mzm




                                                                                                                                                                                     11
• ncx nokk qwddm
                                             • jsjk qw nq
                                                                   get materiel
                   plan work

                                                                                                                                  • Pksx xnk dcm;s
                                                                                                                                                                                                                                                                                                            TAKT T IME
                                                                                                                                                                                                                                                     SAFETY CAUTION     ST ANDARD WORK I NPROCESS                          CYCLE TIME         OPERATOR(S):
                                                                                                                                  • knk sdcn                                                                                        QUALI TY CHECK
                                                                                                                                  • [nq sndc hdhdn
                                                                                                                                                                                                                                                                                5=
                                                                                                                                  • nq smsjkc mzm
                                                                                                                                  • j sjk qw nq                                                                                                                                                                                                                                                                                                                 MAN
                                                                                                                                                                                                                                                                                                                                                                                                                                              Total
                     • Pksx xnk dcm;s                               • Pksx xnk dcm; s                                                                                                                                                                                                                                                                                                                        Totals     529quot;
                                                                                                                                  • ncx nokk qwddm                                                                                                                                                                                                                                                                                     55quot;    Wa iting:         AUT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  O
                     • 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                                                                                                                                                                                                                                                                                                                                                                               LPD Model
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                $
                              Product Development:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                $
                                Continue to Evolve
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Least Waste Way
                                787 and A350 Nacelle Program Execution                                                                                                                                                                                                                               Cum
                                                                                                                                                                                                                                                                                                     Non-
                                                                                                                                                                                                                                                                                                 Recurring Recurring Unit Cost
                                   Newest Training Ground for Lean PD                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Time
                                   Raises Performance Bar for Lean PD
                                Rigorous and Relentless Application of Lean PD on
                                   All New Business Acquisition Projects
                                   All New Product Development Programs
                                                                                                                                                                      Implement… Improve… Standardize
                   17
Operational Excellence
                                               Significant Cost Reduction

The Challenge: Significant Cost Reduction
                                                    Make / Buy / Offset
      Pre-Lean Traditional Cost Model
                                                  Core Competency Model
               LWW Cost Model
              Goodrich One Source
                                                                Make
                      Technology
                 Global Sourcing Offset
                         Target Cost
                                                       Buy

                           Gap Closure




                      Global Sourcing Offset          Deploy per Site Strategy


18
Operational Excellence
                                                    Supply Chain Management


                         Eastern Europe        Russia
                         Misc. LG support      Titanium Forgings   China
                                               and sheets          Forgings/Machined Parts
                                                                   Comp. Fan Cowls
                                                                   Korea
                                                                   Castings
                                                                   Taiwan
                                                                   Machined Panels
                                                                   Singapore
                                                                   Machined Parts/Engine Mounts

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

        Goodrich Sourcing Efforts Growing in Low Cost Countries
19
Goodrich – Culture



     Highest levels of integrity
     Entrepreneurial, fast moving and empowered
     Key functions recently aligned at enterprise
     level to leverage size, capabilities
     Experienced, stable management team
     Accountability
     Customer focus
     Technology leadership



20
What Investors Should
                                Expect from Goodrich in 2005


     Key focus in 2005 – operational excellence
     and margin improvement
       Focused on the business
          “Blocking and Tackling”
             Cash flow
             Margin improvement
             Working capital management
             Cost reduction
          New product development
             Continue investing in new products and systems
     Transparency of financial results and
     disclosure


21

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goodrich BofA_9.21.05

  • 1. Marshall Larsen Chairman, President and CEO Bank of America 35th Annual Investment Conference San Francisco September 21, 2005 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, and the Lockheed Martin F-35 Joint Strike Fighter 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 28, 2005 Second Quarter 2005 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 One of the largest worldwide aerospace suppliers Broadest portfolio of products in industry Proprietary, flight critical products Operating history of over 130 years More than 22,100 employees in facilities throughout the world 3
  • 4. Goodrich – Key Market Leadership Positions 4
  • 5. Goodrich – Key Market Leadership Positions Aerospace Focus - Leadership Positions - Global Presence - Broad Systems Capability - Highly Engineered Products UTC SNECMA HON Goodrich 2004 Aerospace Sales $14.7B $8.9B $9.7B $4.7B 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 5
  • 6. First Half 2005 Sales by Market Channel Total Sales $2,628M Total Military and Space Total Commercial OE Other 6% 28% 31% Boeing Commercial OE 8% Airbus Commercial OE 16% OE Military & Space, OE & Aftermarket 28% Regional, Business & Gen. AM Av. OE 7% Heavy A/C Large Commercial Aircraft Maint. Aftermarket 4% 24% Regional, Business & General Aviation Total Commercial Aftermarket Aftermarket 35% 7% 6 Balanced business mix – three major market channels, each with strong growth
  • 7. 2005 Market Channel Growth Expectations Average Growth 2004 Sales Mix Sales by Market Channel 1st 6 Mos. 2005 Expected 2005 vs. 1st Change from 6 Mos. 2004 2004 Military and Space – 30% 11% 5% - 6% OE and Aftermarket Boeing and Airbus – 23% 18% Approx. 20% OE Production Regional, Business & General 6% 22% >10% Aviation - OE Aftermarket – Large Commercial 32% 13% Approx. 10% and Regional, Business and GA Heavy Airframe Maintenance 3% 38% >25% Other 6% 15% Approx. 15% Goodrich Total Sales $4.7B 15% 10% - 12% 7
  • 8. Current vs. Prior Cycle Market Differences Market Growth rate for OE production smoother Better balance between Boeing and Airbus Significantly larger fleet to fuel aftermarket strength Airbus and regional jet fleet is older, more mature – increased aftermarket support 8
  • 9. Large Aircraft Deliveries Prior Cycle vs. Current Expectations 1,000 1,000 Boeing Airbus Boeing Airbus 900 900 800 GR R 800 CAG A % C 11 Aircraft Delivered 700 Aircraft Delivered 700 2% 3 600 600 500 500 400 400 300 300 200 200 100 100 0 0 2003 2004 2005 2006 1996 1997 1998 1999 Est.* Est.* Based on current estimates, this upcycle will have more measured OE growth 9 *Forecasts based on public information from manufacturers
  • 10. Current vs. Prior Cycle Company Specific Differences Goodrich Specific Significantly larger sales base • 1996 sales at $1.25B • 2005 estimated sales at $5.2 to $5.3B – more than a four-fold increase Significantly more diverse products • 1996 – focused on wheels and brakes, landing gear, sensors and evacuation systems • 2005 – all of the above plus aerostructures, engine controls, actuation and more Top line growth potential from new programs is much greater Currently at 28% military and space, versus 18% in 1996 (without Rohr) and 9% in 1997 (including Rohr) Much better positioned from a cost structure standpoint Higher proportion of “power-by-the-hour” contracts 10
  • 11. Airbus A380, A350 & Boeing 787 Awards A380 A350 787 Passenger Passenger Passenger Version Version Version Nacelles Engine Fan Case/Other Specialty Pending Aerostructures Products Landing Gear Pending Power Generation/Distribution Pending Sensors Pending Engine Controls Pending Fuel & Proximity Systems Pending Flight Control Actuation Pending Lighting Pending Wheels and Brakes Pending Evacuation Systems Pending Cargo Systems Pending Specialty Seating Pending Pending Significant market penetration on new programs 11 Note: Shaded areas indicate Goodrich positions
  • 12. Key New Programs Will Add Balanced Future Growth Military Commercial CF34-10 Nacelle A380 Program Joint Strike Fighter System C-5 Re-Engine $1.4 Billion+* $6 Billion+* $5 Billion+* $0.8 Billion+* 2005** 2005** 2006** 2004** 787 Dreamliner A350 Program Small Engine Controls $1.1 Billion+* $7 Billion+*** $6 Billion**** 2005** 2008** 2010** *Total estimated sales over life of program *** Total estimated sales through 2028 12 ** Year in which significant sales are expected to begin **** Total estimated sales over 20 years
  • 13. Expected Future Sales from Key New Programs (Dollars in Millions) $1,400 Annual Expected Future Sales for: • A380 Program $1,200 • 787 Program • A350 Program • CF34-10 Nacelle System CF34- $1,000 • JSF Program • C-5 Re-engine Program Re- • Small Engine Controls $800 $600 $400 $200 $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 New program sales are expected to provide significant incremental sales growth 13
  • 14. Emerging Growth Opportunities HUMS: Health & Usage Management Systems Patented Software that can detect and identify subtle, abnormal vibrations and predict wear in rotating machinery Airborne Reconnaissance – DB110 “Turnkey” reconnaissance system for Border Patrol and Homeland Security Chemical/Biological Detection Systems Robust chemical and biological detection Nuclear system for Defense and Homeland Security Power applications and Weapon Laser Perimeter Awareness System s Petrochemical Military Bases Autonomous perimeter security 14
  • 15. Goodrich – Strategic Imperatives Top Quartile Aerospace Returns Conclusion Leverage the Operational Balanced Growth Enterprise Excellence Use portfolio mass and Manage investments at the Push aggressive Supply breadth to capture market portfolio level Chain Management and share Continuous Improvement Provide Enterprise Shared Win new program positions Services Drive breakthrough change in product and development Pursue Military Markets and Leverage SBU capabilities into costs using LPD and DFSS Government funding integrated, higher level opportunities systems Improve Enterprise manufacturing and Aftermarket products and Simplify customer interfaces – engineering efficiencies services expansion act as “One Company” 15
  • 16. Operational Excellence Lean Manufacturing - Actuation Systems A380 Prismatic Titanium Machining Cell Linkage and Flow Event Entire area moved during the week Pre-Event – Monday Morning Post Event – Friday Morning • Part travel reduced by 78% from 1,677m to 372m • Operator travel reduced by 85% from 2,442m to 372m • Lead time for Titanium Valve Block reduced by 86% from 72 days to 10 days • Work in progress reduced by 64% from 39 blocks to 14 blocks 3 Months Action in 1 Week 16
  • 17. Operational Excellence Lean Product Development Planning Execution Stable Production Macro Learning Standard Work Combination Sheet Standard Work Sheet FROM: Incoming PREPA RED BY: J. Smith PROCESS N AME: SC OPE OF Forming Center DATE: 3/16/00 talk to customer OPER ATION S TO: Finished 590 seconds Date:______________ Face & Burr 059 Process /Cell:__________________ Dept.:_________ Takt Time:_____________ 12/6/98 look for work 7- N/A Marty & Jim Group 1 Observer(s):____________________ Part:_________________ Machine No:___________________ Operator:___________ Fred M. count cost S pray & Dry Times Operation Times (seconds) Step Plan. Operation Op. 2 M an No. Mach Walk 100 200 300 400 500 600 700 800 Pic k part form tote, index 1 77quot; 10quot; to APLT and scribe. 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 hd hdn 2 163quot; 10quot; edges to scribe line. • [nq sndc hdhdn • [nq sndc hdhdn 2 3 • nq s msjkc mzm 1 • nq smsjkc mzm • nq smsjkc mzm • jsjk qw nq Mach ing ine Deburr holes. • j sjk qw nq • jsjk qw nq • ncx nokk qwddm make spares Form 3 84quot; 10quot; • ncx nokk qwddm build tools make parts Index part to APLT, 3 4 5quot; 102quot; clamp and final scribe. Remove APLT and 6 5 10quot; 50quot; final face edges. 6 4 • Pksx xnk dcm;s 5 • knk sdcn 6 4 Finished Final deburr holes. • Pksx xnk dcm;s 53quot; • [nq sndc hdhdn • knk sdcn Rack le g 5 • nq smsjkc mzm • Pksx xnk dcm;s Tab hin • [nq sndc hdhdn • j sjk qw nq Test Bench • knk sdcn Finis • nq smsjkc mzm 7 Place part and APLT in tote. • [nq sndc hdhdn 10quot; • jsjk qw nq Customer audit • nq smsjkc mzm 11 • ncx nokk qwddm • jsjk qw nq get materiel plan work • Pksx xnk dcm;s TAKT T IME SAFETY CAUTION ST ANDARD WORK I NPROCESS CYCLE TIME OPERATOR(S): • knk sdcn QUALI TY CHECK • [nq sndc hdhdn 5= • nq smsjkc mzm • j sjk qw nq MAN Total • Pksx xnk dcm;s • Pksx xnk dcm; s Totals 529quot; • ncx nokk qwddm 55quot; Wa iting: AUT O • 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 LPD Model $ Product Development: $ Continue to Evolve Least Waste Way 787 and A350 Nacelle Program Execution Cum Non- Recurring Recurring Unit Cost Newest Training Ground for Lean PD Time Raises Performance Bar for Lean PD Rigorous and Relentless Application of Lean PD on All New Business Acquisition Projects All New Product Development Programs Implement… Improve… Standardize 17
  • 18. Operational Excellence Significant Cost Reduction The Challenge: Significant Cost Reduction Make / Buy / Offset Pre-Lean Traditional Cost Model Core Competency Model LWW Cost Model Goodrich One Source Make Technology Global Sourcing Offset Target Cost Buy Gap Closure Global Sourcing Offset Deploy per Site Strategy 18
  • 19. Operational Excellence Supply Chain Management Eastern Europe Russia Misc. LG support Titanium Forgings China and sheets Forgings/Machined Parts Comp. Fan Cowls Korea Castings Taiwan Machined Panels Singapore Machined Parts/Engine Mounts Indonesia Machined Parts JV Mexico Seals Malaysia Electronic Comps India Composite Panels MRO Engineering Transportation Service IT Services Components Goodrich Sourcing Efforts Growing in Low Cost Countries 19
  • 20. Goodrich – Culture Highest levels of integrity Entrepreneurial, fast moving and empowered Key functions recently aligned at enterprise level to leverage size, capabilities Experienced, stable management team Accountability Customer focus Technology leadership 20
  • 21. What Investors Should Expect from Goodrich in 2005 Key focus in 2005 – operational excellence and margin improvement Focused on the business “Blocking and Tackling” Cash flow Margin improvement Working capital management Cost reduction New product development Continue investing in new products and systems Transparency of financial results and disclosure 21