

C ar p enterTe chn o lo g y.c o m 2024 Annual Report on Form 10-K AEROSPACE & DEFENSE MEDICAL ENERGY TRANSPORTATION INDUSTRIAL & CONSUMER C ar p enterTe chn o lo g y.c o m CARPENTER TECHNOLOGY STRATEGY Distinctive product and process capabilities Our driving force is to leverage our core technical strength in engineered materials and process capabilities to solve our customers current and anticipated challenges. We will grow in market segments where we can provide differentiated and value-added solutions to complex problems. We will solidify our positionas the industry leader by being the preferredsolutions provider and providing our customersa competitive advantage. Areas of excellence Technology development Operational excellence Strategic marketing Talent engagement Respond quickly to customer technical questions Rapidly translate customer needs into solutions Develop proprietary and breakthrough products Be safe and compliant Practice system thinking Develop and execute standard work Identify and eliminate waste Think, act, and execute in a future outcome manner Translate broad strategies into actionable plans Demonstrate market knowledge Sustain a high-performance environment Employ a living, strategic workplan Establish and maintain process expertise and excellence Capture internal know-how Employ root cause problem solving Perform daily management Control key process variables Segment and target markets based on potential value and growth Provide timely customer solutions Support the go-to-market approach and advantage Acquire talent on an ongoing basis Provide an attractive mix of rewards and recognition Develop talent based upon criticality to the organization Anticipate changing requirements of a shifting workforce and marketplace Create compelling careers 2