Financial Performance and Guidance

NEW MARKETS Underlying results 2023 2022 Organic Change Organic Change % £m KEY POINTS . SMR 2023 cash costs covered by third party funding Revenue 4 3 1 33% • Gross profit/(loss) 1 (1) 2 nm Operating loss (160) (132) (26) 20% Trading cash flow (63) (57) (6) £137M R&D SPEND 46% 54% First power planned in early 2030s Electrical (AAM) partnership/exit announced RR Electrical RR SMR 10% ▲ 54% EMPLOYEES c1,200 vs 800 in FY22 (monthly average) R&D SPEND £137m vs £108m in FY22 +50% ROLLS R ROYCE ©2024 Rolls-Royce Not Subject to Export Control 58

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