Melrose Results Presentation Deck

Powder Metallurgy: highlights Melrose Growth in the core businesses with market share gains Growing faster than the market due to share gains and business mix Expanding business into electrification - many opportunities to pursue as electric vehicle volume grows Additive manufacturing delivered 16% growth, positioned for expansion with serial production opportunities I I ■ Clear path to improve to 14% operating margin Adjusted¹ operating margin more than doubled in the year ■ I ■ Strong cash generation, working capital performance sustained as market recovers Tight cash management with cash conversion (pre-capex) at 107% despite sales growth Sustaining efficiency gains in working capital and self-funding all improvement projects Margin progression via restructuring, commercial strategy, productivity improvements Exited some low margin ICE business, gaining in non-ICE intricate parts Commodity pricing and inflation being well managed ■ Restructuring projects necessary to achieve target margin are largely complete, residual projects in process of being executed Non-performing segment largely addressed²; now part of OneSinter business unit Incremental high growth from exciting and sustainable technologies Additive manufacturing business growing rapidly, improving efficiency of manufacturing and reducing material waste Breakthrough opportunities in magnet technology for electric vehicles under development Buy Improve Sell 1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure performance 2. One site sold, one closing in 2022 and third under intensive improvement programme 34

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