Capturing Performance Improvement Opportunities

CAPTURING PERFORMANCE IMPROVEMENT OPPORTUNITIES Divisional mid-term targets Divisional operating margin, % CIVIL AEROSPACE 2.5% ARBUS's we A350% +12-14 pts DEFENCE +2-4pts 11.8% POWER SYSTEMS 1 +4-6pts 84% 2022 2023 15-17% Mid- 14-16% 12:14% 2022 2023 Mid- 2022 2023 Mid- term term term © 2023 Rolls-Royce Not Subject to Export Control 7

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