Melrose Results Presentation Deck

Other Industrial Melrose £m Revenue EBITDA EBITDA margin % Operating profit Operating margin % I ■ ■ I 2019 Adjusted¹ results 708 103 14.5% Investment and restructuring Ergotron market impacted by US tariffs on Chinese goods. Adjusted ¹ operating profit higher than last year on reduced revenue. New products gaining traction 86 12.1% Buy Improve Sell Growth² (9%) (20%) -1.8 ppts (21%) -1.8 ppts Brush margins expanding following completion of successful restructuring. Operational footprint consolidated into product-specific facilities and dedicated service centres. Enhanced focus on growing services market Security & Smart Technology moved from Nortek Air & Security to Other Industrial following the Board's decision to consider strategic options for Nortek Air Management and Security & Smart Technology separately Security market remains challenging, partly due to the impact of US tariffs, increased competition and technological changes, however, operations have been restructured to move production out of China Wheels & Structures business made a small adjusted¹ operating loss and is classified as held for sale at 31 December 2019 1. Described in the glossary to the 2019 Preliminary Announcement, released on 5 March 2020 2. Growth is calculated at constant currency against 2018 results, excluding the impact of loss-making contracts and IFRS 16 in both periods for consistency 26

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