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PARIS AIR SHOW 2025 17th of June 2025 | Paris MTU Aero Engines — Paris Air Show 2025
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Welcome Thomas Franz Vice President Investor Relations 2
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Agenda 6 5 3 4 2 7 1 Executive Summary Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Technology and ESG Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Q &A Lars Wagner (CEO & CSO) Michael Schreyögg (CPO) Dr. Silke Maurer (COO) Peter Kameritsch (CFO & CIO) Katja Garcia Vila (designated CFO & CIO) Business Segments Michael Schreyögg Chief Program Officer (CPO) Financials Peter Kameritsch Chief Financial Officer (CFO) & Chief Information Officer (CIO) Katja Garcia Vila designated Chief Financial Officer (CFO) & Chief Information Officer (CIO) Market Environment Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) OEM Operations Dr. Silke Maurer Chief Operating Officer (COO) 3
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. NGFE = New Generation Fighter Engine GHG = Greenhouse Gas MTU’s journey since last CMD in November 2022 – Profitable growth and innovation → MTU has demonstrated remarkable progress and resilience focusing on growth, operational excellence and innovation. Strong financial performance │ >1 billion Euro EBIT target achieved one year ahead of schedule Operational excellence │ Production ramp-up ongoing │ New turbine disk center in operation │ Focus on cost and quality MRO expansion │ PW1100G-JM MRO volume increase │ MTU Maintenance Zhuhai Jinwan branch in operation │ MTU Maintenance in Fort Worth with significant expansion Sustainability │ On the way to reach 2030 scope 1&2 target and new 2035 ambition │ Geothermal project well on track │ Indirect GHG-emissions in Scope 3 reported Technological advancements │ GTF Advantage™ certified │ National contract for additional technology studies within the NGFE demonstrator phase │ Advancements in gas turbine technology development as well as for the Flying Fuel Cell Portfolio expansion │ LEAP MRO license │ GEnx MRO license │ PW800 MRO INTRODUCTION | 1 4
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 1 Market Environment Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) 5
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 2024 4,300 WB Pax 2,600 Freighters 4,400 RJ / TP Pax 17,200 NB Pax 2044 7,500 WB Pax 5,200 RJ / TP Pax 34,100 NB Pax 4,200 Freighters Source: MTU Forecast 2025 / RJ=Regional Jets TP=Turboprops NB=Narrowbodies WB=Widebodies Pax=Passenger Despite short-term headwinds robust global air traffic demand translates into long-term fleet growth Long-term global air traffic and fleet forecast │ Future demand growth is fueled by economic growth and an expanding middle class in emerging markets │ Commercial passenger and freighter fleet to grow by 3% p.a. in the next 20 years, led by passenger narrowbodies (3.5% p.a.) 2024 2044 28,500 AIRCRAFT IN SERVICE 51,000 AIRCRAFT IN SERVICE MARKET ENVIRONMENT | 1 6
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90 100 110 120 130 2024 2025 2026 2027 2028 0 500 1,000 1,500 2,000 2,500 2024 2025 2026 2027 2028 0 1,000 2,000 3,000 4,000 NB WB 2,400 800 RPK: Revenue Passenger Kilometer; NB: Narrowbody; WB: Widebody Source: MTU Forecast Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Strong traffic growth outlook Continuous growth in air traffic expected Strong increase in aircraft deliveries Impact of trade uncertainties pending Aircraft retirements remain low as owners hold stored aircraft longer amid high values and limited supply Global RPK (2024 = 100) Aircraft deliveries WB & NB Aircraft retirements 2025–2028 MARKET ENVIRONMENT | 1 7
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. FCAS: Future Combat Air System ENGRT: European Next-Generation Rotorcraft Technologies Source: Bernstein Global Defense Report 03/2025; AWIN Defense Market Outlook 2025 Europe ramps up defense amid shifting U.S. role MTU is well-positioned in the defense market > existing programs (e.g. Eurofighter engine EJ200) > driving innovation by benefiting from development projects (e.g. FCAS, ENGRT) │ Global defense spending rose significantly from 2019–2024, primarily in Europe and Asia, while U.S. spending plateaued │ Europe’s defense budget has doubled since 2019 and the EU plans for EUR 800 billion in defense spending over four years with an expected push for the European defense industry │ Germany aims for an additional +1% of GDP in defense spending, potentially totaling 3%, with a EUR 500 billion 10-year special fund for defense and infrastructure │ NATO‘s proposal to increase member’s defence spending to 5% of GDP signals further positive prospects for increased procurement demand MARKET ENVIRONMENT | 1 8
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Summary — Key take aways Robust long-term growth perspective, despite uncertainties related to U.S. tariffs European push for defense sovereignty drives demand for current and future programs and capabilities New engine deliveries and MRO with double-digit growth in a context of supply challenges over the next few years MARKET ENVIRONMENT | 1 9
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Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) 2 Technology & ESG Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 10
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. EVOLUTIONARY REVOLUTIONARY GEN2 GTF REVOLUTIONARY TURBOFAN FLYING FUEL CELL™H H H H = SAF = Hydrogen MTU’s future propulsion concepts — reducing the climate impact TECHNOLOGY & ESG | 2 11
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Evolutionary GTF development — future is geared 2016 | GTF Base Unprecedented fuel burn enabled by geared architecture │ 40 million flight hours since 2016 │ More than 2,200 GTF-powered aircraft today │ 80+ aircraft operators 2025 | GTF Advantage Maturation of world class technology │ Higher thrust for longer missions │ Longer time on wing │ Improved fuel economics │ Certified beginning of 2025 │ EIS Q1 2026 2035+ | NextGen GTF Proven engine architecture elevated to next level │ Focus: Efficiency, durability, reduced fuel burn and CO2 emissions TECHNOLOGY & ESG | 2 12
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 2021 2024 2025 2026 2027 2030 │Good progress towards our target: Technology readiness of the Flying Fuel CellTM │Design finalized, demonstrator production started │Initial testing of electric motor successfully completed, efficiency rate of 96% confirmed Partner and supplier network established Test facilities built on MTU campus, first components successfully tested Test of 350kW fuel cell stack Static full system demonstrator Multi-megawatt demonstrator Proof of concept Flight envisioned The Flying Fuel Cell™ TECHNOLOGY & ESG | 2 13
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Own operations: GHG-emissions in Scope 1&2 New climate strategy: GHG-emissions in Scope 1&2 Transition to deep-geothermal renewable energy Installation of PV-Panels Investing in energy efficent equipment BASE YEAR 2019 2024 TARGET 2030 TARGET 2035: -63% TARGET 2030: -60% TARGET 2035 Indirect GHG-emissions in Scope 3 3.1 PURCHASED GOODS & SERVICES* Engagement & improvement of supply chain data 3.15 INVESTMENTS* Engagement & collaboration with Joint Ventures 3.1 Purchased goods & services 3.2 Capital goods 3.4 Transport & distribution (upstream) 3.11 Use of sold products 3.15 Investments (Scope 1-3) Others 27% 2% 55% 1% 1% 15% 3.11 USE OF SOLD PRODUCTS* │ Reducing MTU’s next generation turbofan engine emissions │ Developing & demons- tration technology for hydrogen fuel cell │ Supporting development & use of SAF *quantitative targets in preparation TARGET IN 2030 Scope 1&2 emissions from 2019 ACHIEVEMENT BY 2024 IN 2024 Scope 1&2 emissions from 2019 Driving climate change mitigation — well on track to reach 2030 target -60% -42.2% TECHNOLOGY & ESG | 2 14
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Michael Schreyögg Chief Program Officer (CPO) 3 Business Segments
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. NGFE = New Generation Fighter Engine FCAS = Future Combat Air System EURA = EUropean Military Rotorcraft Engine Alliance Due to geopolitical tension, the importance of our military business will continue to grow │ Increased interest in Eurofighter program │ 159 EJ200 engine orders from Spain, Italy and Germany expected │ International export potential of 138 aircraft │ Development of NGFE for FCAS on track │ Fighter engines will remain a key revenue driver for MTU │ A400M has proven itself in a range of different operations │ Total order book: 178 aircraft; of which 131 are in operation │ TP400-D6 engines performed 900,000+ flight hours since entry into service │ Aftermarket revenue increases │ CH-53K deliveries on track │ 480 mid-size military helicopters today in Germany & France │ Market potential of 1,600 European helicopters │ Combat helicopters in Germany and France need replacement after 2040 │ Strong position in European combat helicopter program via EURA 50:50 JV with Safran FIGHTER TRANSPORT HELICOPTER BUSINESS SEGMENTS | 3 16
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 27,800 engines in 2035 18,800 engines in 2024 MTU’s CAGR 4.0% vs. Global fleet CAGR 3.6% Passenger Narrowbodies incl. Regional Jets Passenger Widebodies Cargo and government applications 19% 18% 15%66% 60% 22% Source: MTU – Engines with MTU participation The engine fleet with MTU participation is growing faster than the global fleet Commercial engine fleet with MTU participation is growing by almost 4% BUSINESS SEGMENTS | 3 17
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Smooth transition from V2500 to GTF — GTF will significantly surpass V2500 volume V2500 facts GTF facts > 300 million flight hours > 7,800 V2500 engines produced > 150 operators worldwide ~ 2,800 aircraft today > 40 million flight hours >15,000 GTF engine orders expected already +80 operators worldwide > 2,200 aircraft today BUSINESS SEGMENTS | 3 18
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. LTSA = Long-term Service Agreements | FBH = Fly-by-the-Hour V2500 / GTF — different aftermarket dynamics V2500 a reliable revenue generator with unmatched durability PW1000G-JM engine family: our future revenue and technology booster │ Aftermarket driven by spare parts sales │ Roughly 65-70% of fleet maintained, repaired and overhauled by IAE partners │ MTU’s MRO market share ~38% Revenue and profit driver: │ Demand for heavy shop visits strongly increasing │ Pricing of spare parts │ Repair technologies │ Durability │ High market demand prolongs service life │ Stable supply chain │ Aftermarket driven by LTSA (~80 - 90% of fleet) with majority FBH contracts │ Win-win-situation for MRO provider and airline customer │ Three MRO facilities ensure sufficient and scalable capacity for GTF engine maintenance within MTU │ MTU provides ~35% of global MRO shop visits Revenue and profit driver: │ GTF Advantage™ with better engine reliability and durability │ MRO cost management │ Repair technologies │ Maturing aftermarket contracts BUSINESS SEGMENTS | 3 19
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 0 5000 10000 15000 20000 2015 2024 500 161 ~1.7 ~ 5.5 ~10.0–11.0 ~15.0–16.0 20352030 ~3.2 X CORPORATE BOND ~2.5–3.0 X MTU’s MRO growth driven by an enhanced product portfolio and expanded capacity 45 years of MRO experience 25,000+ MRO shop visits performed 7,500 + MRO experts at our sites worldwide 270+ different airline customers MRO revenues in billion US$ Financially strong and committed to investments in growth Largest MRO engine portfolio (30+) in industry Customized MRO solutions with leasing and asset management Digital solutions for seamless customer interaction and efficient fleet optimization Optimizing global footprint to sustain competitive advantage BUSINESS SEGMENTS | 3 20
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. CBSA = CFM Branded Service Agreement; GBSA = GE Aerospace Branded Services Agreement MTU’s strategic investments in independent MRO programs underpin long-term growth │ CBSA MRO license @ MTU in Fort Worth │ Premier MRO service provider for LEAP-1A/-1B │ Component repair │ GBSA license @ MTU in Fort Worth │ Full MRO services for GEnx engines │ Engine offload agreement with GE │ Component repair │ Very strong MRO & lease demand, few retirements │ Limited MRO competition │ MTU offers full MRO, on-site services and lease engines │ Extension of capacity underway OVERALL BENEFITS FOR MTU FROM THESE THREE PROGRAMS IN > 30 YEARS LEAP will be the world’s largest engine fleet GEnx delivers continuous growth GE90 – further ramp up of shop visits >120 BILLION USD REVENUES > 6,000 SHOP VISITS BUSINESS SEGMENTS | 3 21
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 0 500 1,000 1,500 2,000 2015 2024 ~> 30 ~> 500 ~1,500 ~1,000 20352030 MTU Maintenance Lease Services continues its growth path MLS revenues (in million EUR) expected MLS continuously expanding its service portfolio │ Integration of leasing and asset management capabilities provide competitive advantage, especially on mature engine programs │ Scalable platform with potential to expand into new engine types (LEAP-1B, GEnx) and new business segments (thrust leasing, long-term leasing) │ Introduction of new services, such as engine stand leasing and lease pool management for OEMs and financial institutions Highlights today 80+ Employees worldwide 250+ Lease transitions p.a. 150 + Lease engines 400+ Customers worldwide BUSINESS SEGMENTS | 3 22
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. MTU has significantly invested in MRO capacity since 2015 — major extensions MTU Maintenance Hannover │ Shop extension (2021) │ Increase widebody capacity 2028 │ Increase repair capacity 2028 Airfoil Services │ Shop extension (2021) New Jinwan branch facility: 2025 │ Portfolio: PW1100G-JM MTU Maintenance Berlin-Brandenburg │ New logistics center (2019) ON-SITEPlus Europe facility (2021) │ Portfolio: CFM56-7 (2021), PW800 (2024) │ Increase capacity for industrial gas turbines 2027 MTU Maintenance Zhuhai │ Shop extension (2021), │ Portfolio: LEAP-1B (2019), LEAP-1A/PW1100G-JM (2021) BUSINESS SEGMENTS | 3 23
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. MTU has significantly invested in MRO capacity since 2015 — new sites MTU Maintenance in Fort Worth │ New facility (2023) │ Introduction LEAP-1A, -1B and GEnx 2026-2030 MTU Maintenance Canada │ Move to new facility (2021) MTU Maintenance Serbia │ New facility (2022) EME Aero, Poland │ New facility (2019) │ 2nd test cell 2025 BUSINESS SEGMENTS | 3 24
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Key take aways — MTU is growing in all business segments Military OEM business MTU supports Europe’s air sovereignty EJ200 order potential NGFE revenue and technology boost Commercial OEM business Sustained V2500 strength projected to outlast the current decade GTF fleet will surpass V2500 in both volume and program share GTF Advantage™ certified and ready for service MTU well positoned for GTF Gen 2 Commercial MRO business Proven MRO revenue growth record Growth services and digital business Capacity and portfolio investments completed by mid decade drive MRO future growth Strong increase of piece parts repair volumes BUSINESS SEGMENTS | 3 25
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Dr. Silke Maurer Chief Operating Officer (COO) 4 OEM Operations 26 Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES.
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Munich Rzeszów Challenges — OEM production Our industry used to be a stable environment – but nowadays uncertainty is the new normal and leads to a complex ecosystem with a volatile supply chain and "white water" in MTU’s in-house production Going from "white water” to “calm water" is an essential success factor for MTU’s financial performance. The main contribution is a sustainable reduction in inventory and overall cost levels. Short-/mid-term measures │ Cross-division inventory reduction project │ Cross-functional delivery performance management Long-term measures Strategic optimization of supply chain and in-house production │ Increase of flexibility and utilization │ Reduction of disturbances │ Optimization of cost structure PRODUCTION | 4 27
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Munich + potential additional OEM site in best-cost location (Europe) Rzeszów ASIA 17 Suppliers GERMANY 171 Suppliers AMERICAS 115 Suppliers (USA + Mexico) EMEA* 116 Suppliers The global OEM footprint will be key for the future growth of MTU *EMEA: Europe (excl. Germany), Middle East, Africa → We continuously define the optimal global set-up to position our in-house production network for future opportunities and challenges → Long-term partnerships within our globally organized network of suppliers secure delivery performance and cost level 29% In-house value creation 71% Procurement by MTU Procurement & in-house production share (2024) IN-HOUSE PRODUCTION NETWORK SUPPLIER NETWORK PRODUCTION | 4 28
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. GLOBAL FOOTPRINT PRODUCTION OEM MTU Munich Decision after 2030 MTU Rzeszów Optimized allocation of a component family/process Optimized allocation of a component family/process External supplier network Additional OEM best- cost site A clear target picture for the global OEM footprint has been derived based on a reliable and representative simulation model Target picture production OEM Rzeszów │ Enabling the site for the production of complex components │ Industrialization of new programs │ Leveraging labor-cost benefits by allocating labor-intensive processes Target picture production OEM Munich │ Automated production of complex components │ Centralization of special processes for an efficient production flow │ Industrialization of new programs │ Process and technology development to enable future products Target picture production additional OEM best-cost site │ Establishing and enabling potential site for efficient production with a focus on high volume, low complexity parts │ Leveraging labor-cost benefits by allocating labor-intensive processes Target picture external supplier network │ Increased flexibility and resilience of the production network by establishing and empowering additional strategic suppliers PRODUCTION | 4 29
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Challenges external supply chain Capacity │ Persisting supplier capacity constraints │ Restricted supply base for certain technologies/products External regulations │ Increasing requirements out of ESG regulations (e.g. CSDDD, EUDR, (EU) FLR, CSRD, CBAM) │ Balancing/complying to European & US regulations Political environment │ Potential impact due to conflicts in Israel & Ukraine │ High uncertainty due to US & counter tariffs │ Uncertainty for US suppliers regarding cuts in defense budget CSDDD = Corporate Sustainability Due Diligence Directive | EUDR = European Union Deforestation-free Regulation | (EU) FLR = EU Forced Labor Regulation | CSRD = Corporate Sustainability Reporting Directive | CBAM = Carbon Border Adjustment Mechanism PRODUCTION | 4 30
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Procurement & logistics strategy addressing these challenges Maintaining excellent long-term partnerships based on mutual trust Excellence in process management & leadership leads to high efficiency & employee performance & commitment Reliable delivery performance for all programs, effective risk mitigation and excellent task force management Early involvement in the design phase to ensure manufacturability and foster a robust design Building up supply chains for future technologies driving “emission-free flying“ Design-to-cost initiatives, multi-source activities & benchmarking Collaborating in creating synergies in procurement, logistics, IT, reporting and ESG High degree of standardization in a customer-oriented manner supports the ability to deliver PRODUCTION | 4 31
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Summary — Key take aways Our global OEM footprint will be key to the future growth of MTU Profitable investments and continuous improvement are ensuring competitive cost level and reliable delivery OEM business will grow significantly requiring additional capacity in the next decade We are preparing our production network in the best possible way to maximize its benefits The production strategy provides guidelines for managing the planned growth A strong and reliable partnership with our suppliers is an essential pillar for MTU’s successful growth PRODUCTION | 4 32
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Peter Kameritsch Chief Financial Officer (CFO) & Chief Information Officer (CIO) Katja Garcia Vila designated Chief Financial Officer (CFO) & Chief Information Officer (CIO) 5 Financials 33
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34 Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Update 2025 & mid-term outlook
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Guidance 2025 — improved outlook Organic growth expectations updated - Improvements in profitability │ Higher share of lease/spare engines │ Higher revenues in commercial spares │ Higher growth driven by positive customer and workscope mix in MRO → Strong market demand and product mix drive revenues and margin expansion FINANCIALS | 5 35
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Guidance 2025 — Improved outlook confirms exceptional performance in 2025 ORGANIC REVENUE Military ~ up mid to high single digit % Commercial OE ~ up mid teens % Commercial spares ~ up low to mid teens % Commercial MRO ~ up mid to high teens % GTF share ~40% Total group sales EUR 8.6 — 8.8 billion EBIT adj. absolute Up low to mid twenties % Net income adj. Growth in line with EBIT adj. FCF EUR 300 – 350 million → Initial assessment of tariff impact included 1.10 USD/EUR FINANCIALS | 5 36
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Future business drivers Commercial OE │ New engine revenues to grow strongly in coming years, plateauing towards the end of this decade │ GTF production volume growing │ Increase of GEnx production continues │ Ramp-up of GE9X deliveries │ Output of business jet engines growing Commercial spares │ Continuous growth from narrowbody engines │ Contribution from newer widebody engine programs increasing │ Stable revenues from mature engines → Sustainable and profitable growth driven by scaling effects and mix FINANCIALS | 5 37
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Military │ Geopolitical developments triggers expectations in military business │ Increasing deliveries for EJ200 and T408 │ High support volume for fighter aircraft on existing fleets │ Expected increase in development work on FCAS │ Stable deliveries and support for TP400-D6 Commercial MRO │ Narrowbody MRO growth continues │ GTF volumes growing predominantly in best cost sites │ Strong freighter demand especially on GE90 and CF6-80C │ Ramp up of LEAP MRO at MTU in Fort Worth and preparation to add GEnx MRO Future business drivers → On-going profitable growth in military business and commercial MRO FCAS = Future Combat Air System FINANCIALS | 5 38
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Revenue and EBIT adj. margin outlook Revenue growth CAGR 2024 — 2030 EBIT adj. margin ambition 2030 per segment at 1.10 USD/EUR Military OEM MRO up mid to high single digit % OE sales are outgrown by profitable aftermarketCommercial OE Commercial Aftermarket Commercial MRO up mid to high single digit % 28 – 30% up high single digit to low teens % up low teens % 8.5 – 9.5% Site ramp-up and portfolio expansion impacts margin expansion FINANCIALS | 5 39
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 2024 2030 2024 – 2030 CCR outlook CCR expected to continuously improve Major tailwinds: │ EBIT growth │ Working capital management │ Improvement in TAT │ Supply chain stabilization │ CAPEX in PPE and capitalized R&D easing Major headwinds: GTF fleet management plan │ Burden from customer compensation payments in 2025 and 2026 │ Pre-financing of shop visits increases receivables MRO │ Introduction of LEAP@MTU Maintenance in Fort Worth │ Investments in MLS business expansion CCR = Cash conversion rate, FCF = Free cashflow Cash Conversion Rate Ambition 2030 high double digit% Act. 2024 ~24% FINANCIALS | 5 40
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Cash deployment strategy — committed to increased shareholder returns Balanced leverage ratio of net (financial) debt / EBITDA adj. sustainably between 0.5 and 1.5 MTU’s cash deployment strategy Organic growth Shareholder returns New program opportunities in OEM as well as in MRO Dividend target policy currently suspended Long term payout target of 40% of net income adj. Share buybacks as opportunistic instrument Continuous market screening M&A FINANCIALS | 5 41
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. MTU 2030 at a glance Uniquely positioned for long-term profitable growth Revenue → EUR 13 – 14 billion Outlook based on USD/EUR 1.10 CCR → High double digit % Ebit adj. margin → 14.5 – 15.5% Revenue impact ~ 500 million EUR EBIT adj. impact ~ 150 million EUR FX sensitivity: 5 cent deviation FINANCIALS | 5 42
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 43 Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) 6 Executive Summary
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 44 Executive summary — MTU's growth plan: Today for tomorrow Market environment Product portfolio Technology Operational excellence Financial strength 2025: 2030: EUR 8.6 – 8.8 billion Revenue EUR 13 - 14 billion Revenue up low to mid twenties % EBIT adj. 14.5 – 15.5% EBIT adj. margin EUR 300 – 350 million FCF High double digit % CCR Key drivers Addressed through MTU’s transformation program UPLIFT EXECUTIVE SUMMARY & UPLIFT | 6 44
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. 7 Analyst & Investor Day Questions & Answers Michael Schreyögg Chief Program Officer (CPO) Peter Kameritsch Chief Financial Officer (CFO) & Chief Information Officer (CIO) Katja Garcia Vila designated Chief Financial Officer (CFO) & Chief Information Officer (CIO) Lars Wagner Chief Executive Officer (CEO) and Chief Sustainability Officer (CSO) Dr. Silke Maurer Chief Operating Officer (COO) 45
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Cautionary Note Regarding Forward-Looking Statements Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, per- formance or events to differ materially from those expressed or implied in such statements. In addition to statements that are forward-looking by reason of context, the words “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “forecast,” “believe,” “estimate,” “predict,” “potential,” or “continue” and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) competition from other companies in MTU’s industry and MTU’s ability to retain or increase its market share, (ii) MTU’s reliance on certain customers for its sales, (iii) risks related to MTU’s participation in consortia and risk and revenue sharing agreements for new aero engine programs, (iv) the impact of non-compete provisions included in certain of MTU’s contracts, (v) the impact of a decline in German or other European defense budgets or changes in funding priorities for military aircraft, (vi) risks associated with government funding, (vii) the impact of significant disruptions in MTU’s supply from key vendors, (viii) the continued success of MTU’s research and development initiatives, (ix) currency exchange rate fluctuations, (x) changes in tax legislation, (xi) the impact of any product liability claims, (xii) MTU’s ability to comply with regulations affecting its business and its ability to respond to changes in the regula- tory environment, (xiii) the cyclicality of the airline industry and the current financial difficulties of commercial airlines, (xiv) our substantial leverage and (xv) general local and global economic conditions. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any forward-looking statement. Any securities re- ferred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereun- der or pursuant to an available exemption therefrom. Any public offering of securities of MTU Aero Engines to be made in the United States would have to be made by means of a prospectus that would be obtainable from MTU Aero Engines and would contain detailed information about the issuer of the securities and its management, as well as financial statements. Neither this document nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities. These materials do not constitute an offer of secu- rities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration. No money, securities or other considera- tion is being solicited, and, if sent in response to the information contained herein, will not be accepted. Cautionary Note Regarding Forward-Looking Statements 46
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Proprietary Notice This document contains proprietary information of the MTU Aero Engines AG group companies. The document and its contents shall not be copied or disclosed to any third party or used for any purpose other than that for which it is provided, without the prior written agreement of MTU Aero Engines AG. 47
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Thank you for your attention. 48
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Paris Air Show / 17th of June, 2025 © MTU AERO ENGINES AG | THE INFORMATION CONTAINED HEREIN IS PROPRIETARY TO THE MTU AERO ENGINES GROUP COMPANIES. Please contact us if you have any further questions Contact MTU Aero Engines AG Investor Relations Dachauer Str. 665 80995 München Thomas Franz Vice President Investor Relations +49 89 1489 4787 thomas.franz@mtu.de Claudia Heinle Senior Manager Investor Relations +49 89 1489 3911 claudia.heinle@mtu.de Matthias Spies Senior Manager Investor Relations +49 89 1489 4108 matthias.spies@mtu.de 49