Melrose Investor Day Presentation Deck

Melrose Buy Improve Sell ...and the pace of change is accelerating Selected major XEV product announcements IHS 2030 LV production forecast 13% 12% 75% +6m BEVs 2019 Projection¹ BEV and FCEV PHEV and Full Hybrid Mild Hybrid and ICE 21% 15% -64% Current Projection VOLKSWAGEN AG Source: IHS 1. Projection assumed at the time of the 2019 investor presentation TOYOTA Ford VOLVO DAIMLER M GM Full-electric vehicles are expected to account for more than 70 percent of VW's European vehicle sales by 2030 Toyota plans to sell 5.5 million electric vehicles by 2030, including hybrids and fuel-cell vehicles Ford of Europe became the first major automaker in the region to announce it would only sell full-electric passenger cars by 2030 Volvo aims to exclusively sell electric vehicles by 2030 Daimler announced plans to invest USD 85bn through 2025 to accelerate the transformation towards electrification and digitization Mini will have an exclusively electric model range by the mid-2030s according to BMW GM aims to stop selling gasoline powered passenger cars by 2035 OEM announcements indicate an even faster pace not yet captured in industry forecasts 60

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