1 Financial Highlights 2 Shareholder Letter 4 Aftermarket Services Group 5 Structural Components Group 6 Operational Components Group 7 Control Systems Group 8 Gas Turbine Services Group 8 Metals Segment 9 Shareholder Information 9 Executive Officers and Directors Contents Military & Space 26% Industrial Gas Turbine & Other 14% Regional 6% Business 11% Commercial Aerospace 43% Triumph’s Diverse Markets* Aviation Segment Sales  $565 Million (92%) *Metals Segment Sales $47 Million (8%) Amounts for 2002 do not include effect of special charge. Triumph’s Historical Performance Fiscal Year Ended March 31, 0 110 220 330 440 550 $660 ’96 ’97 ’98 ’99 ’00 ’01 ’02 0 20 40 60 80 100 $120 ’96 ’97 ’98 ’99 ’00 ’01 ’02 0 10 20 30 40 50 $60 ’96 ’97 ’98 ’99 ’00 ’01 ’02 0.0 .70 1.40 2.10 2.80 $3.50 ’96 ’97 ’98 ’99 ’00 ’01 ’02 EPS Diluted Net Income (in millions) EBITDA (in millions) Net Sales (in millions)