Melrose Results Presentation Deck

Aerospace: portfolio Civil airframes & components Defence airframes & components Melrose Engines Buy Improve Sell ■ Mix I Narrowbody 39% ▪ Widebody 24% Regional 37% ■ Civil 67% ■ Defence 33% Fighters 48% Rotorcraft 32% Other 20% Product 1. Risk and revenue sharing partnerships Provides main structures for all major civil OE players Produces key components for all OE engine manufacturers Provides structures and components for all major defence primes Demand Primarily driven by OE civil build rates (>50% Airbus) Linked to new build, flight hours, aftermarket and services/spares (including RRSPs¹) Linked to new build plus increasing aftermarket and spares/repair Increasing emphasis on higher margin "design to build" positions, plus Engines and Defence aftermarket growth Sustainable technology Excellent position on sustainable aircraft (e.g. Wing of Tomorrow and Alice) Leading additive manufacturing and development of alternative power (e.g. H2JET) Developing next generation aircraft, plus composite breakthroughs 25

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