Capturing Performance Improvement Opportunities

CAPTURING PERFORMANCE IMPROVEMENT OPPORTUNITIES Strategic initiatives driving margin improvements Civil Aerospace operating profit improvements (£bn) 15-17% Mid-term operating margin targets £143m 2022 Business Aviation Widebody Efficiency & simplification Portfolio & other Mid-term 10 Business Aviation Grow market share, aftermarket growth and commercial optimisation wwwwwww US A350 WB Widebody Keep Engines Earning, Contractual Rigour, Value-Driven pricing, Time on Wing, Shop Visit cost, Product Cost, Volume & Mix Efficiency & simplification Simplifying and optimising our business © 2023 Rolls-Royce Not Subject to Export Control 27

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