Capturing Performance Improvement Opportunities

POWER SYSTEMS DEFENCE CIVIL AEROSPACE 1. PORTFOLIO CHOICES & PARTNERSHIPS Focused and granular approach Key investment areas for performance and growth BOLLS PRICE Business Aviation Transport Governmental 400M A400M Rolls-Rover Widebody ART Partnerships Exits Narrowbody Combat Submarines Micro-Reactors SMR Marine Power Generation & Battery Storage Focused on ■ Non-core businesses ☐ Valued higher outside portfolio Electrical Advanced Air Mobility £1.0bn-₤1.5bn Gross disposal proceeds across all divisions © 2023 Rolls-Royce Not Subject to Export Control 8

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