Melrose Results Presentation Deck

Automotive: restructuring ■ Initial restructuring Rapid focused global SG&A reduction Completed plant closures in Germany, South Korea and Australia Reorganised and revitalised procurement ■ Consolidation of back office service functions initiated ■ Restructured management teams to drive performance Melrose ■ ■ I COVID-19 demand response Immediate actions taken to shut plants in line with OEMs (mainly Q2) Accelerated cost reductions in indirect and SG&A Direct workforce now more flexible to demand fluctuations Buy Improve Sell Profit impact of lost sales mitigated by tightly managed cost actions H2 margin reflects impact of structural cost actions Continuing to win attractive new business Further cost gains to come from structural actions, productivity and procurement ■ ■ Revenue Structural cost actions Birmingham factory consultation announced January 2021 Continued underlying momentum with margin progression through crisis Back office and support services consolidation with shared services Continuing operations £m Operating profit Operating margin H1 1,541 Clear pathway to 10% margin without full market recovery (64) (4.2%) H2 2,256 146 6.5% FY 3,797 82 2.2% 23

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