Melrose Results Presentation Deck

Aerospace outlook: business transformation well underway Restructuring Operational excellence Commercial & Technology Melrose Buy Improve 1. Sell ■ ■ ■ ■ ■ ■ Completed 14 sites closed or sold where non-core/unprofitable Key project milestones in the USA, NL and Nordics Product Centres of Excellence launched Customer quality improved by 23% and arrears down in 2022 despite supply chain issues Lean Operating Model driving productivity gains Gains in working capital from improved debtor and creditor management Actions taken to address legacy onerous contracts and exit low margin work Focusing on higher margin "design to build" positions and growth in aftermarket and repair Selective investment in hydrogen, electric and eVTOL Expected incremental savings as outlined in June 2022 Capital Markets Event I ■ ■ ■ ■ ■ ■ To follow All required projects to be substantially complete by the end of 2023 Completion of current programmes will result in footprint down from 52 to 33 manufacturing sites Cost of poor quality to be further reduced as processes improve further Continuous improvement and benefits from productivity as volumes increase Further working capital gains from inventory reduction More benefits to follow from commercial actions, plus ongoing offsetting of inflation Procurement improvements and supplier consolidation £50m ¹ £50m ¹ Growth and margin expansion from technology insertion on existing platforms £45m ¹ 31

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