Capturing Performance Improvement Opportunities

TRANSFORMING THE BUSINESS FOR SUSTAINABLE GROWTH OUR TRANSFORMATION STRATEGIC FRAMEWORK ■ Portfolio choices & partnerships ■ Efficiency & simplification 1. ■ Advantaged businesses & strategic initiatives HIGH PERFORMING, COMPETITIVE AND RESILIENT BUSINESS ■ Lower carbon & digitally enabled businesses 2 GROWING SUSTAINABLE CASH FLOWS DELIVER AS ONE ROLLS-ROYCE ■ Embrace new ways of working and mind-set Establish a differentiated performance culture ■ Execute with strategic clarity Externally focused and benchmarking Simplified organisation and strengthened capabilities 3. STRONG BALANCE SHEET AND GROWING SHAREHOLDER RETURNS 15 15

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