Financial Performance and Guidance

POWER SYSTEMS (0) O Underlying results 2023 2022 Organic Change Organic Change % £m KEY POINTS Revenue 3,968 3,347 1,050 918 +539 16% . Strong revenue growth led by power generation Gross profit +111 12% . . Gross margin % 26.5% 27.4% (0.9)pts · Operating profit 413 281 +123 44% Operating margin % 10.4% 8.4% +2.0pts Trading cash flow 461 158 303 192% UNDERLYING REVENUE SPLITS 33% 0 67% 12% ■OE 19% Services 10% 24% Commercial optimisation benefits in all segments Cost efficiency actions supported results Power generation profit more than tripled ORDER INTAKE £4.3bn ORDER BACKLOG £4.1bn 39% Power Gen 34% Book-to-bill ratio 1.1x +2% ■Governmental 0% ■Marine 17% 25% Industrial 10% ROLLS R ROYCE 2024 Rolls-Royce Not Subject to Export Control 25

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