Melrose Mergers and Acquisitions Presentation Deck

Powder Metallurgy: overview Melrose £m Revenue EBITDA³ EBITDA3 margin % Operating profit Operating margin % 2 3 123 Adjusted¹ results H1 2022 1 515 84 16.3% 54 10.5% Revenue by segment Growth vs H1 2021 (9%)² (11%) -0.9ppts 1 OneSinter (76%) 2 Powder (22%) 3 Additive (2%) (14%) -1.5ppts Competitive advantage from integrated powder production and sintering businesses Growth vs H2 2021 12%² 45% 3.6ppts 94% 4.3ppts 3 2 ■ 1 ■ ■ Semi-conductor shortages continue to impact automotive demand; other sectors less impacted Volumes down 9% versus H1 2021, partially driven by exiting low margin US business; volumes up 12% versus H2 2021 Inflation impacts successfully offset year to date by actions taken, confident of continued margin protection Restructuring actions well advanced, cost base addressed significantly with more benefits to come Exciting opportunities in electric vehicles - including new sintered components and structural growth in EV motor magnets Revenue by destination 1 North America (44%) 2 Europe (33%) 3 Asia (18%) 4 ROW (5%) #1 global leader - well spread geographically Buy Improve 2. Sell 1. Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance Underlying volumes; revenue adjusted for pricing and material surcharge mechanisms used to recover inflationary pressures 3. Including depreciation and amortisation from equity accounted investments Revenue by market type 2 1 1 Automotive components (28%) 2 Transmission (27%) 3 Engine (23%) 4 Industrial (22%) Good exposure to recovering automotive sector, increasingly powertrain agnostic, and general industrial market 34

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