Melrose Investor Day Presentation Deck
Upgraded operating margin target
Full-year
revenue¹
Melrose
Buy
Improve
Sell
Operating margin (%)
10.6%
2019
£3.4 bn
1
0.5%
2020
£2.4 bn
2
4.4%
2021
£2.3 bn
I
1 Details on
following
pages
I
~4%²
Further
business
improvement
actions
6%+
Volume
increase
14%+
3
Full
potential
1 Adjusted costs due to COVID-19
1. Total revenue adjusted for divestments of Fokker Services, Fokker Techniek and Santa Ana and the future site closure of St Louis
2. Based on 2019 sales
■
Flexed down costs to match OEM demand
Achieved breakeven in 2020 on 27% lower sales
24ppts operating margin expansion in 2021 on
broadly flat sales
3 Clear path to grow operating margin to 14%+ on
a full market recovery
Business improvement actions substantially complete by the end of 2023
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