Melrose Results Presentation Deck

Engines: results £m Melrose Revenue EBITDA EBITDA margin % Operating profit Operating margin % Driver Explanation Adjusted¹ results H1 2023 H1 2023 progress 608 173 28.5% 149 24.5% Growth vs H1 2022 19% 60% Path to 28% target margin in 2025 7.4ppts 82% 8.6ppts ■ ■ E ■ I Sales growth of 19% including strong RRSP market growth and growing aftermarket repair Aftermarket sales up 46% led by 56% growth in civil engines aftermarket 82% increase in operating profit and 24.5% operating margin delivered Improvements in quality and productivity being realised, driving H1 margin expansion Restructuring plans well advanced and on track to be largely completed this year Market outlook strong with global flight hours already approaching pre-COVID-19 levels (1) RRSP market growth Impact of 19 RRSP contracts entering highly profitable aftermarket phase Aftermarket ahead of expectations with margins reading through 2) Growth initiatives Growth from target expansion opportunities On track with parts repair growth of 21% in H1 2023 1. Described in the glossary to the 2023 Interim Financial Statements and considered by the Board to be a key measure of performance 3 Business improvements Restructuring gains and productivity improvements On track for one further closure before year-end, resulting in footprint reducing to 9 sites 17

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