Melrose Results Presentation Deck
Some helpful data for H1 2021
Melrose
Buy
Improve
Sell
Continuing operations
Item
Adjusted¹ operating profit
Central costs
Adjusted¹ free cash flow ¹
Underlying effective tax rate
Finance costs:
Bank and loan related
Lease obligation related
Amortisation of debt arrangement costs
Pension interest
Other
Depreciation and amortisation
Capital expenditure
Pension payments - ongoing contributions (global)
Restructuring costs
Non-controlling interest
Number of shares in issue at 30 June 2021
Number of shares in issue post Return of Capital
Weighted average number of shares in 2021
H1 adjusted¹ EBITDA for leverage covenant purposes
Income Statement
H1 2021 adjusted¹ results
£223 million
£26 million (includes a divisional
LTIP charge of £10 million)
N/A
22%
(£65 million)
(£7 million)
(£5 million)
(£4 million)
(£1 million)
(£209 million)
N/A
N/A
(£85 million)
£1 million
4,858 million
4,372 million
4,695 million
£403 million
1. Described in the glossary to the 2021 Interim Financial Statements, released on 2 September 2021
2. Ongoing pension contributions will include £30 million per annum payable to the GKN UK pension schemes
Cash Flow
H1 2021 adjusted¹ results
N/A
(£16 million)
£167 million
N/A
(£73 million)
£209 million
(£104 million)
(£12 million)²
(£92 million)
£nil
N/A
N/A
N/A
N/A
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