Melrose Mergers and Acquisitions Presentation Deck

Positive momentum from H2 2021 Melrose ■ Revenue £m 2000 1800 1600 1400 1200 1000 800 600 400 200 0 H1 21 Automotive Buy Improve Sell H2 21 H1 22 Inflationary revenue increase 7 6 5 do N 1 0 Operating margin % Automotive volumes 9% higher than H2 2021; sales inflated by higher pass through (primarily raw materials) Operating margins 100bps higher than H2 2021 £30 million H1 inflation recovery lag expected to be delivered in H2 2022 (equivalent to additional 150bps on H1 margin) ■ ■ Revenue £m 600 500 400 300 200 100 0 H1 21 Powder Metallurgy H2 21 Inflationary revenue increase H1 22 14 Improvement actions position businesses to continue upward margin trajectory as supply constraints ease 12 10 8 CO 4 2 0 Operating margin % Powder Metallurgy volumes 12% higher than H2 2021; sales uplifted by material pass through and early price increases Operating margins 430bps higher than H2 2021 Above expected drop through from higher volumes due to pricing action, productivity and mix 24

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