Melrose Results Presentation Deck

Powder Metallurgy: restructuring & technology ■ Initial restructuring Reorganised business structure to focus on differentiated precision products ■ ■ Rationalised small satellite sites Driving increased factory automation to deliver productivity/throughput gains Reduced overheads across global business Melrose I Building capabilities and momentum in AM technologies Buy Improve Sell Bolt-on 'Forecast 3D' acquisition reinforces existing AM business Integration on track Targeting differentiated markets, mainly non-automotive Technology development reducing costs and time to market COVID-19 demand response Rapid, successful immediate COVID-19 actions - especially in direct labour Global design and production footprint established Accelerated indirect and overhead reductions in core plants Renegotiated commercial contracts in light of reduced demand Improved productivity and performance of 'Powder' business (Hoeganaes), including energy management New business structure to focus effort on growth (Precision) and fix (Structural) Ongoing investment in two emerging technologies to drive long-term growth I Additive manufacturing (AM) I Structural cost actions Concentrating production in core profitable plants Exiting unattractive business and contracts in 'Structural' segment ▪ Automation projects in challenged plants to drive productivity/margins Hydrogen storage solutions I Developing new integrated solutions for storing hydrogen (H2) as zero-emission energy Utilises technology for H2 storage in metal hydride powder Approach reduces H2 compression and storage vessel size Integrated packages with control systems for energy release Prototypes performing well in European markets 26

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