Capturing Performance Improvement Opportunities

CAPTURING PERFORMANCE IMPROVEMENT OPPORTUNITIES Strategic initiatives driving margin improvements Defence operating profit improvements (£bn) 14-16% Operating margin mid-term target £432m 2022 Transport Combat Submarines Efficiency & Portfolio & simplification other Mid-term Transport Continuing support for a growing Transport & Patrol fleet Combat Pursuing new, funded Combat programmes Submarines Increase in funded Submarines activity Efficiency & simplification Simplifying and optimising our business © 2023 Rolls-Royce 35 Not Subject to Export Control.

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