Melrose Results Presentation Deck
Ahead of expectations
Melrose
1. 2021 results: showing significantly better cash generation and lower net debt¹ than expected
Buy
Improve
Sell
EPS¹
4.1p
Net debt¹
£950m
Leverage¹
1.3x
Net debt¹ reduced from £2,847 million to £950 million in the year and leverage¹ reduced from 4.1x to 1.3x, transforming
the Balance Sheet
The Group's adjusted¹ operating profit, at constant currency, has tripled in the year on modest sales growth of 2%,
demonstrating the substantial benefit of restructuring actions increasingly coming through
EPS¹ in the year of 4.1p, equivalent to 4.4p if calculated using the number of shares in issue at 31 December 2021
1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance
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