Triumph Group Investor Presentation — November 2019

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Daniel J. Crowley, President and Chief Executive Officer

James F. McCabe Jr., Senior Vice President and Chief Financial OfficerSecond Quarter FY’ 20Earnings

Conference Call2 TRIUMPH GROUP / Q2FY’20 / NOVEMBER 7 , 2019

Forward Looking Statements

This presentation contains forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . Forward -looking

statements are often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “inte nd”, “project”, “may”, “will”,

“should”, “could”, or similar words suggesting future outcomes or outlooks. These forward -looking statements include, but are no t limited to,

statements of expectations of or assumptions about strategic actions, objectives, expectations, intentions, aerospace market conditions, aircraft

production rates, financial and operational performance, revenue and earnings growth and profitability and earnings results. These statements are

based on the current projections, expectations and beliefs of Triumph’s management. These forward looking statements involve known and unknown

risks, uncertainties and other factors which could cause actual results to differ materially from any expected future results , performance or

achievements, including, but not limited to, competitive and cyclical factors relating to the aerospace industry, dependence on some of Triumph’s

business from key customers, requirements of capital, uncertainties relating to the integration of acquired businesses, gener al economic conditions

affecting Triumph’s business segments, product liabilities in excess of insurance, technological developments, limited availa bility of raw materials or

skilled personnel, changes in governmental regulation and oversight and international hostilities and terrorism. Further info rmation regarding the

important factors that could cause actual results, performance or achievements to differ from those expressed in any forward looking statements can

be found in Triumph’s reports filed with the SEC, including in the risk factors described in Triumph’s Annual Report on Form 10-K for the fiscal year

ended March 31, 201 9. 3 TRIUMPH GROUP / Q2FY’20 / NOVEMBER 7 , 2019

Organic revenue up 13% Q2

−All business units delivered organic revenue growth

−MRO and Spares Revenue up 16% versus prior year

FCF & EPS meets expectations

−Adjusted EPS improvement driven by operational performance

−FCF use significantly improved

Completed refinancing to extend maturity schedule

Program transitions progressing on schedule