Melrose Results Presentation Deck

Engines: expansion plan on track ■ ■ Melrose Outstanding growth opportunity in parts repair with 21% growth in H1 2023 - - (2) Growth initiatives Major capacity increase underway through new standalone engine component repair centre in California, US Extending defence governmental partnerships Final RM12 engine upgrade contract secured with the Swedish Armed Forces for the JAS 39 Gripen C/D - Johor, Malaysia facility now CAAC¹ certified, enabling rapid expansion in Asia - - - Swedish Armed Forces investing £16 million into an engine test facility at our Trollhättan site Growing profitable commercial contract portfolio On track to bring Additive Manufacturing parts into serial production in H2 2023 Significant (£40+ million) investment in Additive Manufacturing to facilitate low rate initial production approved ■ 1. CAAC = Civil Aviation Administration of China ■ 3 Business improvements Operational excellence to improve productivity Cost of poor quality reduced by 19% due to ongoing adoption of Lean practices - Projects to improve production flow, increase automation and implement digitalisation / Industry 4.0 ongoing Commercial actions Portfolio actions to exit non-core business such as unprofitable manufacturing contracts in the US - Price/value alignment as demonstrated by recent pricing success on military work Restructuring to optimise Engines manufacturing footprint Substantial reshaping of current footprint will be largely completed in 2023 e.g. Manchester, US, site closed Consolidation of key product lines into global Centres of Excellence e.g. shaft production in Norway Strong progress gives confidence to exceed 30% operating margin post 2025 21

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