Triumph Group Annual Report 2007

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TRIUMPH GROUP, INC.

ANNUAL REPORT 2007

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Triumph Group, Inc., headquartered in Wayne,

Pennsylvania, is comprised of 33 highly specialized

aerospace manufacturing and service companies,

providing integrated solutions to the global

aerospace market.

Triumph companies design, engineer, manufacture,

repair and overhaul a broad portfolio of aircraft

components and accessories. All companies share

the Triumph name and a common commitment to

integrity, innovation, quality and service.

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Financial Highlights
(Dollars in thousands, except per share data)

Results for Year:
Sales

Income from Continuing Operations

% of Sales

Income Tax Expense
Interest Expense & Other
Operating Income
% of Sales

Depreciation & Amortization
Earnings before Interest, Taxes,
Depreciation & Amortization*
% of Sales

Net Income

% of Sales

Earnings per Share – Diluted:
Income from Continuing Operations
Loss from Discontinued Operations
Net Income

Weighted Shares – Diluted (in thousands)

Capital Expenditures

Year-End Position:
Working Capital
Current Ratio

Property & Equipment at cost
Property & Equipment, net

Debt
Cash
Net Debt
Stockholders’ Equity
Capital
Net Debt to Capital Ratio

Book Value per Common Share

Employees
Sales per Employee

March 07
$ 954,735

$ 47,071
5%
24,026
19,556
$ 90,653
9%
37,029

$127,682
13%

$ 47,071
5%

2.87
—
2.87

16,413

$ 59,694

$319,027
2.7

$461,506
$294,479

$316,183
7,257
$308,926
627,363
$936,289
33%

38.09

5,147
185

March 06
$ 760,421

$ 34,515
5%
9,053
12,519
$ 56,087
7%
32,038

$ 88,125
12%

$ 34,515
5%

2.15
—
2.15

16,060

$ 28,777

$247,832
2.6

$377,090
$237,325

$161,417
5,698
$155,719
563,703
$719,422
22%

$ 35.21

4,152
183

March 05
$ 688,485

$ 15,809
2%
4,596
13,025
$ 33,430
5%
30,528

$ 63,958
9%

$ 11,428
2%

0.99
(0.27)
0.72

15,971

$ 18,602

$213,858
2.5

$350,249
$234,123

$157,782
4,844
$152,938
526,663
$679,601
23%

$ 33.11

3,887
177

* Management believes that earnings before interest, taxes, depreciation and amortization (“EBITDA”) provides the reader a good measure of cash generated from the operations of the business before any investment
in working capital or fixed assets.

Sales

0
6
7

8
8
6

Cash Flow from
Operations

EBITDA

Backlog

5
5
9

5
6

8
2
1

8
4

0
4

8
8

4
6

7
4
1
,
1

8
8
8

8
9
5

Sales increased 26% over 2006 on the strength
of key acquisitions, robust industry growth, and
the ability of our companies to work together to
meet a broader range of our customers’ needs.

Healthy cash flow, combined with a major debt
refinancing which reduced the cost of borrowing,
allows Triumph to fund future growth and remain
prepared to take advantage of new opportunities.

EBITDA increased 45% compared to 2006, as
growing demand in the marketplace pushed
Triumph closer to capacity – increasing
revenues and earnings while containing costs.

For the first time in Triumph’s 10-year history as
a publicly-held company, our backlog – firm
orders under contract over the next two years –
surpassed the $1 billion milestone.

Text_060107_FINAL:2007 6/25/07 10:33 AM Page 2

Fellow Stockholders:

I am pleased to report, on behalf of your management
team, that fiscal 2007 was a most successful year
for the Triumph Group. In every significant measure,
we exceeded the results achieved in fiscal 2006,
and established new records in revenues, earnings
and backlog.

> Sales in fiscal 2007 totaled $954.7 million, a 26%

increase over 2006. Revenues reflected a balanced
mix among the key market sectors of our industry.

> Operating income reached $90.7 million in fiscal 2007,
compared to $56.1 million last year, a 62% increase.

> Earnings per diluted common share increased 33%,

from $2.15 in fiscal 2006 to $2.87 in 2007.

RICHARD C. ILL
President and Chief Executive Officer

Major Markets

> Our balance sheet remains exceptionally strong,

with a net debt to capital ratio of 33%.

> Backlog, the value of firm orders under contract

over the next two years, increased 29% to a record
$1.1 billion in fiscal 2007. Our top ten programs
measured in terms of backlog display a solid mix of
commercial and military platforms, comprising both
fixed- and rotor-wing aircraft.

As we mark the completion of our tenth year as a
publicly-held corporation, it’s appropriate to reflect on
the strategies and values which have guided our
growth over the past decade.

Our five strategies have served us well since our
inception and they remain relevant today:

> Continually add products and services.
> Expand operating capacity.
> Acquire aggressively.
> Market our complete portfolio of capabilities.
> Expand internationally.

Continually Add Products and Services
Increasingly our customers demand comprehensive
systems solutions – including design, engineering,
manufacturing and aftermarket services. Many of our
customers, pressured by the need for both productivity
and profitability, have adopted a business model that
relies on outsourcing critical services to a small team
of highly skilled and trusted suppliers, like Triumph.

To increase Triumph’s value as a preferred supplier, we
constantly seek to expand our range of products and
services so we can meet more of our customers’ needs.

During fiscal 2007 we added a significant number of
new products, capabilities and services for our

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Top Ten Platforms
as of March 31, 2007
(based on backlog)

1. Boeing 737 NG
2. Boeing 777
3. Airbus A320/321
4. CH-47
5. Boeing 787
6. UH60
7. C-17
8. V-22
9. Boeing 747
10. CH-53

Triumph serves a diversified mix of
customers throughout the aerospace
industry. No single market segment
dominates sales or revenues.

international customer base. Some came through
acquisitions. These include:

> Monolithic structural components produced by

Triumph Structures – Wichita (Excel Manufacturing,
Inc., acquired in April 2006).

> Airline interior components refurbished by Triumph
Interiors (Air Excellence International, Inc., acquired
in April 2006).

> Large scale prototype development, complex

structural composite design and manufacturing, and
engineering services at Triumph Aerospace Systems
– Newport News (Allied Aerospace Industries, Inc.,
acquired in November 2006).

> Repair and overhaul of main engine accessories,
including complete fuel capability, at Triumph
Accessory Services – Grand Prairie (Grand Prairie
Accessory Services, LLC, acquired in January 2007).

Triumph now has the capability to produce and maintain
virtually any aircraft component with the exception of
main engines and landing gear (including wheels and
brakes) – which have their own dedicated supply chains.

In addition, by assembling such a broad array of skills,
technology and know-how, we’re able to develop new
products organically, as our customers look to us for
design and engineering expertise, in addition to the
ability to produce components and assemblies to
predefined specifications. For example, in 2007 our
project teams developed and produced:

> Cargo door actuation systems, hold-open rods and

electric brake actuators for the Boeing 787 Dreamliner.

> Environmental control system composite ducting for

business jets.

> Rotor control cables for a significant new

commercial helicopter program.

> A towed-antenna deployment and recovery system
for the Advanced Hawkeye surveillance airplane.

> Asset/rotable management services for our airline

customers.

> Expansion of our maintenance, repair and overhaul
(MRO) capabilities to include flight controls for the
Boeing 737NG, 757, and 767 aircraft and fan
reversers for CF6-80C2 and CFM56-7, V2500 and
C-17 engines.

We will continue to add new capabilities to our portfolio
as a value-added systems integrator offering a
continuum of design, manufacturing, integration and
maintenance services.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 3

monolithic structural components

State-of-the-art machine tools are used
to produce advanced one-piece
monolithic parts, such as the crown
bulkhead for the CH47F Chinook
helicopter (right). Manufacturing parts in
one piece eliminates the assembly
process while reducing part count,
aircraft weight and delivery lead time.

In 2007 Triumph installed the
world’s largest horizontal high speed
(24,000 rpm) 5-axis flexible
manufacturing system. Triumph’s
investment in advanced tooling,
combined with the specialized skills of
our people, makes us the supplier of
choice in many sophisticated
manufacturing applications.

Above right, monolithic bulkhead
fittings for the UH60M Black Hawk
helicopter.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 4

Triumph companies designed the
latching system used on the Boeing
Dreamlifter swingtail cargo aircraft.

The Dreamlifter was designed to
transport the 787 fuselage, wing and tail
components from suppliers throughout
the world to Boeing’s assembly plant
in Seattle. Triumph employees worked
on-site at Boeing for two years to
design and integrate the latching and
locking mechanism.

complex systems design

Each of the 21 Latch Pin Actuators on
a Dreamlifter is capable of withstanding
over 60,000 pounds of shear force.
The assembly includes integral
secondary lock features and an
automatic system for greasing the
fittings that hold the swingtail closed.
Triumph also manufactures the actuators
that pull the swingtail fully closed.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 5

Expand Operating Capacity
The business outlook for the aerospace industry is
especially strong. Demand continues to increase in
both the OEM and maintenance markets. Ticket price
increases have stabilized airline revenues without
affecting passenger miles, and continued growth in
Asia has created important new opportunities. Backlog
of new aircraft orders has increased dramatically.

This growth in nearly all aspects of commercial aircraft
production is a tremendous opportunity for Triumph, but
it is not without its challenges. To keep pace with our
customers’ increasing monthly build rates, we must
increase our operating capacity, while at the same time
maintaining our high standards of quality and service.
This requires careful management and the investment in
new technology and equipment.

New investments in state-of-the-art machine tools will
allow our companies to maintain their competitive edge,
while providing our customers with the support required
during this period of expansion. Through disciplined
investment, we expect to see continued improvement in
our operating leverage and gross margins as these new
machines see increased utilization.

Likewise, our Aftermarket Services Group has expanded
its operating capacity by offering a range of turnkey
services that allow us to meet a broader range of our
customers’ needs. Triumph significantly expanded its
service offerings to include: material management for
airlines and our own companies; increased rotables for
key components such as auxiliary power units (APUs), fan
reversers and heavy accessories; and leasing programs
across Triumph’s entire product range, including the main
engine and fuel components serviced by recently-
acquired Triumph Accessory Services – Grand Prairie.

Acquire Aggressively
Since Triumph was founded in 1993, we’ve built our
organization through an aggressive but highly selective
acquisition program that adds capabilities and increases
our capacity for strong and consistent internal growth.

As mentioned previously, during fiscal 2007 we acquired
four outstanding companies. These acquisitions
significantly enhanced our product and service
capabilities, while adding in excess of $120 million in
annualized revenue in fiscal 2007. Each of these
companies produced operating profits which met or
exceeded the expectations established during the
acquisition process.

The four companies embody the key attributes we
seek in all our acquisitions:

> A strong, dedicated management team that fits
within Triumph’s decentralized, results-oriented,
entrepreneurial work culture.

> A profitable product or service – one which requires

specialized expertise and cannot easily be
duplicated by others – which expands the Triumph
portfolio.

> Be immediately accretive to earnings.

We maintain a highly disciplined structure when
evaluating and bidding on potential acquisitions, and
many times Triumph is selected by the seller on the
basis of best fit rather than best price. What makes
Triumph so attractive is our experience and focus on
the aerospace industry, our decentralized operating
philosophy where company management retains a
great deal of accountability, and our ability to provide
investment capital and expanded market access.

Market Our Complete Portfolio of Capabilities
Today all companies share the Triumph name, along
with a commitment to Triumph’s strategy and values.
As our customers look to us to provide a much
broader portfolio of products and services – utilizing
the capabilities of multiple Triumph companies – we’re
able to build our reputation as an extremely agile and
flexible systems integrator. For example:

> Triumph Composite Systems and Triumph

Structures – Kansas City worked together to
provide an integrated package of composite ducts,
window assemblies and machined components to
Vought Aircraft for the Boeing 787.

> Triumph Aerospace Systems – Seattle, Triumph
Gear Systems, Triumph Actuation Systems –
Clemmons and Connecticut, Triumph Controls,
Triumph Fabrications – Hot Springs, and Triumph
Structures – Kansas City provide the E-2D
Advanced Hawkeye EMIRS Deployment System
to Northrop Grumman.

> The swingtail latching system for the 747 Dreamlifter

was designed, integrated, manufactured and
supplied to Boeing through the combined efforts
of Triumph Aerospace Systems – Seattle, Triumph
Fabrications – Hot Springs, Triumph Actuation
Systems – Clemmons, Freeport and Valencia, Triumph
Controls, Triumph Structures – Kansas City and

Computer model of the Swingtail
Hydraulic Power and Control Assembly
which was designed and manufactured
by Triumph companies.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 6

Triumph Thermal Systems. Triumph Structures – Los
Angeles also manufactured the vertical stabilizer
stringers for the Dreamlifter.

> In the Aftermarket Services Group, Triumph Logistics
provides our airline and air cargo customers with
bundled products and services representing a broad
range of Triumph companies, backed by a complete
portfolio of asset management services.

Increasingly, Triumph’s growth will depend on our
ability to market a broad range of highly specialized
skills as a unified, cohesive organization. We are
meeting this challenge, even as we remain committed
to a decentralized, entrepreneurial work culture that
empowers our people to act quickly and decisively to
meet our customers’ needs.

Expand Internationally
Today, fully 25% of the MRO market is based in Asia –
a proportion that’s expected to continue increasing.
Since many aircraft components we service are large
and expensive to transport, it’s essential to locate
Triumph’s aftermarket services as close to our
customers as possible.

Fiscal 2007 saw the culmination of a two-year effort to
build a new MRO facility in Thailand, just south of
Bangkok and in close proximity to Bangkok’s new
Suvarnabhumi Airport. This new 85,000-square-foot
facility will serve as the gateway for Triumph
Aftermarket Services’ products and services in Asia,
with particular emphasis on APUs, fan reversers, flight
controls and airframe-mounted accessories. The recent
acquisition of Triumph Accessory Services – Grand
Prairie will add engine accessories and fuel capabilities
to the facility.

The opening of Triumph Aviation Services – Asia is an
important step in Triumph’s goal of creating an
international infrastructure to meet the needs of a
global aerospace industry which transcends national
boundaries.

Toward Future Milestones
When Triumph passes the $1 billion revenue milestone
this year, it will go largely unnoticed in the everyday
affairs of our employees, customers, suppliers and
stockholders. That’s as it should be, because our
achievement portends no change in direction or focus,
but rather a continued commitment to business as
usual at Triumph.

This constancy – and our unwavering belief in our
strategy and values – is the foundation for all we’ve
accomplished in the past and for all our expectations
for the future. There’s no doubt, however, that the
engine of our growth is our people – the 5,100
employees whose knowledge, commitment and can-do
attitude represent the true source of our strength.
Thank you all for your hard work and for your continued
support and friendship.

I’d like to recognize one individual in particular.
Triumph’s success over the past 13 years could not
have been achieved without the contributions of
John R. Bartholdson, who retired on April 30, 2007.
John served as our Senior Vice President and Chief
Financial Officer and as my trusted advisor since the
inception of the company. Through John’s financial
stewardship, the company moved from a highly
leveraged private company to a corporation traded on
the New York Stock Exchange with an enterprise value
in excess of $1 billion. John’s contributions to our
company will be felt long after his retirement and we
wish him well in his new endeavors.

In June, David Kornblatt joined Triumph as our new
Senior Vice President and Chief Financial Officer. David
most recently served as CFO of Carpenter Technology
Corporation. I look forward to working with David as a
key member of our senior management team.

While much work remains, Triumph enters fiscal 2008
with anticipation and confidence in our ability to
translate our proven strategies and shared goals into
outstanding results.

RICHARD C. ILL
President and Chief Executive Officer

In 2007 Triumph expanded its presence
in Asia with the opening of an 85,000
square foot MRO service center just
south of Bangkok, Thailand. As
the Asia-Pacific headquarters for
Triumph’s Aftermarket Services Group,
the new facility replicates many of the
capabilities of Triumph companies in
the United States.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 7

component maintenance, repair & overhaul

Triumph provides testing, repair, and
overhaul for a variety of commercial
main engine accessories, including fuel
pumps (above), for all CFM56 Models,
GE’s CF6 family, and IAE’s V2500.
Our capabilities will also soon cover
the GE90 and PW 2000 and 4000
platforms.

Triumph Aviation Services – Asia,
designed and constructed expressly for
Triumph’s Aftermarket Services Group,
is one of the most efficient, state-of-
the-art MRO service centers in
the world. Due to its location in a
customs-free zone near Bangkok’s
new international airport, parts are
transshipped from the airport to
Triumph’s loading dock in less than one
business day.

Currently the Thailand facility services
auxiliary power units (above), fan
reversers, flight controls, fuel pumps,
engine accessories, and airframe-
mounted accessories. Ultimately, the

Thailand facility will provide repair
services to more than 100 international
airlines and provide services on
15,000 aircraft components – mirroring
Triumph’s global capabilities.

Text_060107_FINAL:2007 6/25/07 10:34 AM Page 8

Company Directory

Triumph Aerospace
Systems Group
Jeffry D. Frisby, Group President
Phone: 336-766-9036
E-mail: jfrisby@triumphgroup.com

Construction Brevetees
d’Alfortville (C.B.A.)

Manufactures mechanical ball bearing
control assemblies for the aerospace,
ground transportation, defense and
marine industries.
Michel Pommey, President
E-mail: mpommey@triumphgroup.com
Phone: 011 33 1 4375 2053
Alfortville, France

Triumph Actuation Systems –

Clemmons

Triumph Actuation Systems –

Freeport

Designs, manufactures and repairs
complex hydraulic and hydromechanical
aircraft components and systems, such as
variable displacement pumps and motors,
linear actuators and valves, and cargo
door actuation systems.
Richard Reed, President
E-mail: rreed@triumphgroup.com
Phone: 336-766-9036
Clemmons, North Carolina
Phone: 516-378-0162
Freeport, New York

Triumph Actuation Systems –

Connecticut

Designs, manufactures and repairs
complex hydraulic, hydromechanical and
mechanical components and systems,
such as nose wheel steering motors,
helicopter blade lag dampers, mechanical
hold-open rods, coupling and latching
devices, as well as mechanical and
electromechanical actuation products.
Thomas Holzthum, President
E-mail: tholzthum@triumphgroup.com
Phone: 860-242-5568
Bloomfield, Connecticut
Phone: 860-739-4926
East Lyme, Connecticut
Phone: 203-748-0027
Bethel, Connecticut

Triumph Actuation Systems –

Valencia

Designs, manufactures and repairs complex
hydraulic and hydromechanical aircraft
components and systems, such
as accumulators, actuators, complex
valve packages, and landing gear
retract actuators.
Lea Black, Interim President
E-mail: lblack@triumphgroup.com
Phone: 661-295-1015
Valencia, California

Triumph Aerospace Systems –

Newport News

Offers a fully integrated range of
capabilities, including systems engineering,
conceptual engineering, mechanical design
and analysis, prototype and limited-rate
production, instrumentation assembly and
testing services and complex structural
composite design and manufacturing.
Bill Jacobson, President
E-mail: wjacobson@triumphgroup.com
Phone: 757-873-1344
Newport News, Virginia

Triumph Aerospace Systems –

Seattle

System engineering and integration for
landing gear, hydraulic, deployment, cargo
door and electromechanical type systems.
Capabilities include design, analysis and
testing to support these types of systems
and components.
Don P. Fowler, President
E-mail: dfowler@triumphgroup.com
Phone: 425-636-9001
Redmond, Washington

Triumph Aerospace Systems –

Wichita

Designs and manufactures aircraft
windows, sheet metal assemblies (wing
spars and leading edges), pilot/co-pilot
control wheels, cockpit sunvisors, and
structural composite parts for the
aerospace industry.
James E. Lee, President
E-mail: jlee@triumphgroup.com
Phone: 800-379-6840
Wichita, Kansas

Triumph Composite Systems
Manufactures interior non-structural
composites for the aviation industry,
including environmental control system
ducting, floor panels, aisle stands
and glareshields.
MaryLou B. Thomas, President
E-mail: mthomas@triumphgroup.com
Phone: 509-623-8100
Spokane, Washington

Triumph Controls
Designs and manufactures mechanical
and electromechanical control systems.
William Bernardo, President
E-mail: bbernardo@triumphgroup.com
Phone: 215-699-4861
North Wales, Pennsylvania
Phone: 317-421-8760
Shelbyville, Indiana

Triumph Fabrications – Hot Springs
Triumph Fabrications – Fort Worth
Produces complex sheet metal parts and
assemblies, titanium hot forming,
metallic/composite bonding and performs
chem-milling and other metal finishing
processes.
M. Anthony Johnson, President
E-mail: tjohnson@triumphgroup.com
Phone: 501-321-9325
Hot Springs, Arkansas
Phone: 817-451-0620
Fort Worth, Texas

Triumph Fabrications – Shelbyville
Produces aircraft fuselage skins, leading
edges and web assemblies through the
stretch forming of sheet, extrusion, rolled
shape and light plate metals.
Donald E. Kendall, President
E-mail: dkendall@triumphgroup.com
Phone: 317-398-6684
Shelbyville, Indiana

Triumph Fabrications – San Diego
Triumph Fabrications – Phoenix
Produces complex welded and riveted
sheet metal assemblies for aerospace
applications. Components include exhaust
systems, ducting, doors, panels, control
surfaces and engine components.
Mark Gobin, President
E-mail: mgobin@triumphgroup.com
Phone: 619-440-2504
El Cajon, California
Phone: 480-449-5820
Chandler, Arizona

Triumph Gear Systems – Park City
Triumph Gear Systems – Macomb
Specializes in the design, development,
manufacture, sale and repair of gearboxes,
high-lift flight control actuators,
gear-driven actuators and gears for
the aerospace industry.
Carla Bowman, President
E-mail: cbowman@triumphgroup.com
Phone: 586-781-2800
Macomb, Michigan
Phone: 435-649-1900
Park City, Utah

Triumph Northwest
Machines and fabricates refractory,
reactive, heat and corrosion-resistant
precision products.
Frederick W. Kuebrich, President
E-mail: fkuebrich@triumphgroup.com
Phone: 541-926-5517
Albany, Oregon

Triumph Precision
Manufactures ultra-precision machined
components and assemblies to the aviation,
defense, space and commercial industries.
Kevin Dahlin, President
E-mail: kdahlin@triumphgroup.com
Phone: 818-767-7193
Sun Valley, California

Triumph Processing
Provides high-quality finishing services to
the aerospace, military and commercial
industries.
Peter J. LaBarbera, President
E-mail: plabarbera@triumphgroup.com
Phone: 323-563-1338
Lynwood, California

Triumph Structures – Kansas City
Manufactures precision machined parts
and mechanical assemblies for the
aviation, aerospace and defense industries.
David Soper, President
E-mail: dsoper@triumphgroup.com
Phone: 816-763-8600
Grandview, Missouri

Triumph Structures – Los Angeles
Manufactures long structural components
such as stringers, cords, floor beams and
spars for the aviation industry. Machines,
welds and assembles large complex
precision structural components.
Kevin Dahlin, President
E-mail: kdahlin@triumphgroup.com
Phone: 626-965-1630
City of Industry, California
Phone: 818-341-1314
Chatsworth, California
Phone: 626-965-1630
Walnut, California

Triumph Structures – Wichita
Specializes in complex, high speed
monolithic precision machining, turning,
subassemblies and sheet metal
fabrication, serving domestic and
international aerospace customers.
Marwan Hammouri, President
E-mail: mhammouri@triumphgroup.com
Phone: 316-942-0432
Wichita, Kansas

Triumph Thermal Systems
Designs, manufactures and repairs aircraft
thermal transfer components and systems.
Michael Perhay, President
E-mail: mperhay@triumphgroup.com
Phone: 419-273-2511
Forest, Ohio

Triumph Instruments –

Burbank

Triumph Instruments –
Ft. Lauderdale
Triumph Instruments –

Austin

Repairs and overhauls aircraft instruments
and avionics.
David G. Vorsas, President
E-mail: dvorsas@triumphgroup.com
Phone: 954-772-4559
Fort Lauderdale, Florida
Phone: 818-246-8431
Burbank, California
Phone: 512-218-1900
Austin, Texas

Triumph Interiors
Refurbishes and repairs aircraft interiors
such as sidewalls, ceiling panels, galleys
and overhead storage bins and
manufactures a full line of PMA interior
lighting and plastic components.
David Ogborne, President
Email: dogborne@triumphgroup.com
Phone: 412-788-4200
Oakdale, Pennsylvania
Phone: 972-623-3344
Grand Prairie, Texas
Phone: 011 35 361 472711
Shannon, Ireland

Triumph Logistics
Provides distribution, exchange and lease
programs for auxiliary power units (APUs),
APU components and other components
supported by Triumph Group Companies.
Lee R. Jacobs, President
E-mail: ljacobs@triumphgroup.com
Phone: 602-470-7226
Phoenix, Arizona
Phone: 011 44 1256 337640
Basingstoke, England

Triumph Precision Castings
Applies advanced directionally solidified
(polycrystal or single crystal) and Equiax
investment casting processes to produce
products for the commercial, industrial
and defense gas turbine markets.
Dean Evans, President
E-mail: devans@triumphgroup.com
Phone: 480-449-5750
Chandler, Arizona

Triumph San Antonio
Support Center

Provides maintenance services for aircraft
ground support equipment.
Robert Bierk, President
E-mail: bbierk@triumphgroup.com
Phone: 210-932-6700
San Antonio, Texas

Triumph Aftermarket
Services Group
John Brasch, Group President
Phone: 602-659-7301
E-mail: jbrasch@triumphgroup.com

Triumph Accessory Services –

Wellington

Provides maintenance services for aircraft
heavy accessories and airborne electrical
power generation devices, including
constant speed drives, integrated drive
generators, air cycle machines and
electrical generators.
Robert Bierk, President
E-mail: bbierk@triumphgroup.com
Phone: 620-326-2235
Wellington, Kansas
Phone: 414-543-5604
Milwaukee, Wisconsin

Triumph Accessory Services –

Grand Prairie

Provides maintenance services for engine
and airframe accessories including a
variety of engine gearboxes, pneumatic
starters, valves and drive units, hydraulic
actuators, lube system pumps, fuel
nozzles, fuel pumps and fuel controls.
Dennis Walsh, President
E-mail: dmwalsh@triumphgroup.com
Phone: 972-641-4677
Grand Prairie, Texas

Triumph Air Repair
Repairs and overhauls auxiliary power
units (APUs) and related accessories.
John Jenson, President
E-mail: jjenson@triumphgroup.com
Phone: 602-437-1144
Phoenix, Arizona

Triumph Airborne Structures
Repairs and overhauls fan reversers,
nacelle components, flight control surfaces
and other aerostructures.
Mike Abram, President
E-mail: mabram@triumphgroup.com
Phone: 501-262-1555
Hot Springs, Arkansas

Triumph Aviation Services – Asia
Repairs and overhauls complex aircraft
operational components, such as auxiliary
power units (APUs), nacelles, constant
speed drives, fan reversers and related
accessories.
Babu Kerai, Vice President – Operations
Email: bkerai@triumphgroup.com
Phone: 011 66 38 465 070
Chonburi, Thailand

Triumph Engines – Tempe
Designs, engineers, manufactures, repairs
and overhauls aftermarket aerospace gas
turbine engine components and provides
repair services and aftermarket parts and
services to aircraft operators, maintenance
providers and third-party overhaul facilities.
Elizabeth Rakestraw, General Manager
E-mail: erakestraw@triumphgroup.com
Phone: 602-438-8760
Tempe, Arizona

Covers_052407:Triumph 2005 6/25/07 11:18 AM Page C3

Corporate Officers & Directors

Executive Officers

Directors

RICHARD C. ILL
President and Chief Executive Officer

DAVID KORNBLATT
Senior Vice President,
Chief Financial Officer and Treasurer

LAWRENCE J. RESNICK
Senior Vice President – Operations

JOHN B. WRIGHT, II
Vice President,
General Counsel and Secretary

KEVIN E. KINDIG
Vice President and Controller

SHEILA G. SPAGNOLO
Vice President

Shareholder Information

Triumph Group, Inc.
Corporate Headquarters
1550 Liberty Ridge Drive
Suite 100
Wayne, PA 19087
610-251-1000
www.triumphgroup.com

Annual Meeting
July 25, 2007, 9:00 am
1550 Liberty Ridge Drive, Suite 100,
Wayne, PA 19087

Financial Information
A copy of the Company’s Form 10-K
filed with the Securities and Exchange
Commission may be obtained without
charge upon written request. Requests for
Triumph Group, Inc.’s 10-K or other
shareholder inquiries should be directed to:
Sheila G. Spagnolo
Vice President
Triumph Group, Inc.
1550 Liberty Ridge Drive, Suite 100
Wayne, PA 19087
610-251-1000

WILLIAM O. ALBERTINI
Executive Vice President,
Chief Financial Officer
Bell Atlantic Global Wireless, Inc. (Retired)

JOHN R. BARTHOLDSON
(Not standing for election)
Senior Vice President,
Chief Financial Officer and Treasurer
Triumph Group, Inc. (Retired)

RICHARD C. GOZON
Executive Vice President
Weyerhaeuser Company (Retired)

RICHARD C. ILL
President and Chief Executive Officer
Triumph Group, Inc.

CLAUDE F. KRONK
Vice Chairman and Director
J&L Specialty Steel, Inc. (Retired)

GEORGE SIMPSON
Chief Executive Officer
Marconi, PLC (Retired)

TERRY D. STINSON
President of North America Operations
The Thomas Group, Inc.

Fiscal 2007 Stock Prices
Per Common Share
$57.45
High
$40.60
Low
$48.80
Year-End

Common Stock
Triumph Group, Inc. Common Stock
is listed on the NYSE.
Ticker symbol: TGI

Independent Auditors
Ernst & Young LLP
2001 Market Street
Suite 4000
Philadelphia, PA 19103

Transfer Agent
National City Bank
Corporate Trust Operations
P.O. Box 92301
Cleveland, OH 44193-0900
888-843-5542
E-mail: shareholder.inquiries@nationalcity.com

Equal Opportunity at Triumph
Triumph Group, Inc. is committed to
providing equal opportunities in the
workplace.

Forward–Looking Statements
In accordance with the safe harbor provisions
of the Private Securities Litigation Reform Act
of 1995, the Company notes that certain
statements contained in this report are
forward-looking in nature. These forward-
looking statements include matters such as
our expectations for our industry, our markets,
our Company’s business strategy and
financial results and other future-oriented
matters. Such matters inherently involve many
risks and uncertainties that may cause actual
results to differ materially from expected
results. For additional information, please refer
to the Company’s Securities and Exchange
Commission filings including its Form 10-K for
the year ended March 31, 2007.

Certifications
The certifications by the principal executive
officer and the principal financial officer of
Triumph Group, Inc. required under Section
302 of the Sarbanes-Oxley Act of 2002 have
been filed as exhibits to Triumph Group, Inc.’s
2007 Annual Report on Form 10-K. In
addition, in July 2006, the Chief Executive
Officer of Triumph Group, Inc. certified to the
New York Stock Exchange (“NYSE”) that he
is not aware of any violation by the Company
of NYSE corporate governance listing
standards, as required by Section 303A.12(a)
of the NYSE Corporate Governance Rules.

Covers_052407:Triumph 2005 6/25/07 11:18 AM Page C4

Triumph Group, Inc.

1550 Liberty Ridge Drive
Suite 100
Wayne, PA 19087

610-251-1000
www.triumphgroup.com