Melrose Results Presentation Deck

Business results Adjusted¹ results Continuing operations Melrose £m Aerospace Dowlais² Central Total I Aerospace Dowlais ² Buy Improve Sell 2022 Revenue 2,957 5,234 8,191 1. 2. 2022 Operating profit/(loss) 186 332 (38) 480 2022 Operating margin 6.3% 6.3% 5.9% 2021 Revenue 2,543 4,720 7,263 2021 Operating profit/(loss) 112 256 (51) Group results reflect very strong H2 performance; 2022 adjusted operating profit up 41%, margins increased 150bps Continued strong cash generation from improved profits and working capital inflow in H2 317 2021 Operating margin 4.4% 5.4% 4.4% Revenue up 11% as civil market recovery gains momentum Adjusted operating profit up 51% and margins increased by 190bps to 6.3% Improvements in product quality and progress made on restructuring with significant further gains to come Revenue up 7%, boosted by pricing and material surcharges, volumes up 2% Adjusted operating profit up 24% and margins increased by 90bps to 6.3% Margin progression from good operational performance and restructuring, whilst fully offsetting inflation headwinds Ongoing margin improvement as markets recover and improvement actions read through Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance Comprises the Automotive, Powder Metallurgy and Hydrogen businesses 34

View entire presentation