Melrose Mergers and Acquisitions Presentation Deck
Business update: H1 2022 versus H1 2021
Adjusted¹ results
Continuing operations
£m
Melrose
Aerospace
Automotive
Powder Metallurgy
Other Industrial²
Central
Total
Aerospace
Automotive
Powder
Metallurgy
H1 2022
Revenue
1,366
1,997
515
Buy
Improve 1.
Sell
2.
3,878
H1 2022
Operating
profit/(loss)
67
78
54
(6)
(22)
171
H1 2022
Operating
margin
4.9%
3.9%
10.5%
4.4%
H1 2021
Revenue
1,219
1,965
535
3,719
H1 2021
Operating
profit/(loss)
41
121
64
(4)
(26)
H1 results reflect positive Aerospace momentum, a challenging automotive market and underlying business improvement
196
H1 2021
Operating
margin
3.4%
6.2%
12.0%
5.3%
Revenue up 11% as civil market recovers; encouraging momentum with Q1 up 6% and Q2 up 17%
Adjusted operating profit up 65% and margins increased by 150bps to 4.9%
Revenue boosted by pricing and material surcharges; volumes down 3% due to continued supply chain issues for OEMs
Margins down 230bps due to volume and timing of inflation recovery within 2022; progress expected in H2
Revenue boosted by pricing and material pass through; volumes down 9% due to supply chain constraints and exiting
low margin business
Margins down 150bps due to lower volumes; successfully offset inflation fully year to date
Positive momentum from H2 2021 with active management of inflation impacts and
supply chain issues; on track for full year
Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance
Other Industrial comprises GKN Hydrogen (investment phase)
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