2023 Rolls-Royce Civil Aerospace and Power Systems Performance Overview

Summary funds flow ROLLS R ROYCE £m 2023 H1 2022 H1 Change Underlying operating profit 673 125 548 Operating profit from discontinued operations 68 (68) Depreciation, amortisation and impairment 489 455 34 1 Movement in provisions (95) (116) 21 Movement in Civil LTSA balance 727 433 294 Working capital (excluding Civil LTSA balance) (576) (269) (307) 2 Capital element of lease payments (157) (85) (72) £0.8bn Operating performance improvement • £(0.3)bn Working capital movements Capital expenditure and investment (268) (161) (107) Settlement of excess derivatives (210) (265) 55 3 Tax and interest Other (158) (254) 96 • £(0.1)bn Other impacts (69) (8) (61) Free Cash Flow 356 (77) 433 ...of which is continuing operations 356 (68) 424 Page 7 © 2023 Rolls-Royce

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