Transforming Regular Governance

ROLLS R ROYCE Once sold our products stay in production for decades and our customers use them for decades Development Product Development Lifecycle Growth Production Maturity • Customer funding available for Defence R&D ⚫ -38% of product revenues from Original Equipment • Stable production volumes Services -62% of product revenues from Services • Defence fleets stay in-service for decades Winning a position during the development phase supports long-term favorable financial returns Page 15 © 2023 Rolls-Royce

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