Melrose Results Presentation Deck

Automotive highlights Melrose £m Revenue EBITDA EBITDA margin % Operating profit Operating margin % ■ ■ I 2019 Adjusted¹ results 4,739 597 12.6% 367 Buy Improve Sell 7.7% Growth ² (6%) 3% +1.0 ppts (1%) +0.3 ppts H1 2019 Adjusted¹ results 2,450 298 12.1% 186 7.6% H2 2019 Adjusted¹ results 2,289 299 13.0% 181 7.9% H2 2019 Year on Year Growth² Highlights Structural cost reductions have enabled adjusted¹ operating margin to increase to 7.7%. Revenue decline of 6% in the year, although second half decline less severe than first half (4%) 11% +1.7 ppts 14% +1.2 ppts Restructuring initiatives are underway to reduce the cost base further and ensure a more flexible structure Second half adjusted ¹ operating margin of 7.9%, up 1.2 percentage points versus prior year; run rate strong despite lower volumes eDrive revenue growth; business still in investment phase. Exciting commercial partnership with Delta Electronics Inc. 1. Described in the glossary to the 2019 Preliminary Announcement, released on 5 March 2020 2. Growth is calculated at constant currency against 2018 annualised results, excluding the impact of loss-making contracts and IFRS 16 in both periods for consistency 18

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