Transforming Regular Governance

How we are transforming Regular Governance 1. Efficiency & Simplification (1a) Organisation Design (1b) Footprint Optimisation (1c) 3rd Party Spend 2. Commercial Optimisation Contract profitability 3. Business Improvement Higher operating margins Commercial edge • Improved operational performance 4. Working Capital Significant near- term reduction Discipline to sustain improvement 5. Strategic Review Differentiated and executable strategies Measurable medium-term targets ROLLS R ROYCE 6. Purpose & Culture 7. Performance Management Page 4 © 2023 Rolls-Royce

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