Melrose Investor Presentation Deck

(N) GKN AEROSPACE Clear momentum to achieve margin targets Operating margin % Gap to target narrowed by a third 22% Original 2023 28% ENLLA Reinforced 2025 ~2% 2023 outperformance Drivers for upgrade 24% -4% Upgraded 2023 Gap to 2025 Strong aftermarket performance Restructuring benefits ahead of schedule. Operating margin % Strong trajectory on margin expansion 18% 2019 4% 2020 16% 2021 -8% 24% 2023 -4% 28% 2025 25 Margin higher than 2019, with recovery from COVID-19 impact -4% further improvement to 2025 target, equivalent to only ~2% per annum

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