Westinghouse Air Brake Technologies (WAB) investor relations material

Opening remarks and agenda

• Meeting called to order by the Chairman, with all board members and the independent auditor present.

• Inspector of elections appointed and oath filed; quorum confirmed for voting.

• Agenda included director elections, executive compensation advisory vote, and auditor ratification.

Financial performance review

• Achieved $11.2 billion in sales, $8.97 adjusted EPS, and $1.8 billion in operating cash flow for 2025.

• Expanded margins and built a record backlog, demonstrating resilience and value creation.

• Backlog increased to over $30 billion, up 38% year-over-year, with $8.2 billion expected to convert to income in the next 12 months.

Board and executive committee updates

• Chairman Albert J. Neupaver announced his retirement from the board after this meeting.

• Leadership transition acknowledged, with confidence expressed in the current management and board.