Melrose Mergers and Acquisitions Presentation Deck
Key point 1: Relative size of each group
Melrose
1. Consensus¹ views for 2022 (pre-central costs)
Buy
Improve
Sell
Melrose Group today: Adjusted results²
£m
Revenue
EBITDA³ (pre-central costs)
EBITDA³ margin %
Operating profit (pre-central costs)
Operating margin %
Melrose central costs
Operating profit (post-central costs)
1234
Consensus¹
2022
7,635
919
12.0%
491
6.4%
(57)
434
Melrose
(Aerospace)
c.1/3
VI
Automotive Group4
(DemergerCo)
c.2/3
Melrose (Aerospace)
pre-central costs
£m
Revenue
EBITDA³ (pre-central costs)
EBITDA³ margin %
Operating profit (pre-central costs)
Operating margin %
Automotive Group4 (DemergerCo)
pre-central costs
£m
Revenue
EBITDA³ (pre-central costs)
EBITDA³ margin %
Operating profit (pre-central costs)
Operating margin %
Consensus1¹
2022
The split of the Melrose Group today (pre-central costs) using 2022 consensus¹ is approximately one-third
Aerospace, two-thirds Automotive Group4
2,776
327
11.8%
183
6.6%
Consensus¹
2022
4,859
592
12.2%
308
6.3%
1. This is not an internal Melrose forecast, it is a company compiled consensus from all 14 external analysts that cover Melrose, adjusting for the disposal of Ergotron where appropriate
Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance
H1 2022)
3. Consensus¹ operating profit before depreciation and amortisation from subsidiaries and equity accounted investments (depreciation and amortisation calculated as
4. Comprises the Automotive, Powder Metallurgy and Hydrogen group of businesses
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