Melrose Results Presentation Deck

Nortek Air Management Melrose £m Revenue EBITDA EBITDA margin % Operating profit Operating margin % I ■ E ■ I ■ 2019 Adjusted¹ results Highlights Adjusted ¹ operating profit up 6% and operating margin up 1.0 percentage points despite reduction in revenue. Market outlook is positive Adjusted¹ operating margin is 6.3 percentage points, over 70%, higher than pre-acquisition Footprint optimisation activities progressed, additional plans underway including a review of manufacturing efficiencies within AQH Technology and ESG Purchase orders received for HVAC's industry leading new propriety State Point Technology®; represents important move into rapidly growing data centre market 1,178 209 17.7% 175 Buy Improve Sell 14.9% Growth² (1%) 7% +1.2 ppts 6% +1.0 ppt State Point Technology® can reduce data centre water usage by up to 90% compared to alternative indirect cooling solutions. This exciting technology also reduces power consumption by up to 30% AQH product offering revitalised, with new portfolio for retail and professional segments. Focus on improving efficiency and fresh air products to improve indoor air quality with health benefits for consumers 1. Described in the glossary to the 2019 Preliminary Announcement, released on 5 March 2020 2. Growth is calculated at constant currency against 2018 results, excluding the impact of loss-making contracts and IFRS 16 in both periods for consistency 24

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