Melrose Investor Day Presentation Deck
Melrose
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Summary of 2020 financial performance
Full year revenue and margin (£m, %)
16.6%
10.5%-
1. At constant currency
1,115
2019
Operating margin
-12.2%
4.3%
EBITDA margin
905
2020
Revenue
18% decline in sales in 2020¹
6.3ppts drop in operating margin in 2020¹,
strong recovery in H2 2020
2020 Pre-CAPEX cash conversion of 156%
2020 H1 vs. H2
Revenue
(£m)
Operating
margin (%)
H1
396
2020
H2
509
-0.8% 8.3%
Accelerated strategic actions
Concentration of product in core profitable
plants, exit of certain lower margin
products and focus growth on more
complex, higher margin components
Acceleration of indirect and overhead
reductions, renegotiation of contracts and
improved productivity
Highly cash generative business, emerging from the pandemic stronger
A
+29%
+9.1ppts
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