Melrose Investor Presentation Deck

Earnings improvement trajectory ■ Melrose 2018-2019 Good demand and revenue growth Quality fixes Initial operational improvement projects Started commercial actions 9.6% 1 Buy Improve Sell 1. 2. 10.6% ■ 2020-2021 Major revenue decline due to COVID-19 Strong decisive cost actions Quality and delivery improvements Started structural projects Sold non-core assets 0.5% 4.4% Annualised adjusted operating margin described in the glossary to the 2018 Preliminary Announcement 10% margin target on a partial market recovery and 12% margin target on a recovery to pre-COVID-19 revenue H Strictly Confidential ■ Outlook GKN Aerospace Steady civil market recovery Execution of all restructuring projects Portfolio rationalisation, especially Defence Excellent momentum towards margin target, well positioned to benefit from market recovery with continued strong future cash flows Lower cost of quality and gains in productivity 12%² 15

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