Melrose Results Presentation Deck

Aerospace: overview Melrose £m Revenue EBITDA EBITDA margin % Operating profit Operating margin % 3 Revenue by business² Buy Improve Sell 2 12345 1 3. Adjusted¹ results 2021 2,543 258 Balanced portfolio, well positioned for narrowbody recovery 5. 1 Civil5 (32%) 2 Engines (34%) 3 Defence5 (34%) 10.1% 112 4.4% Growth Flat² 68% 4.3ppts 925% 3.9ppts I ■ ■ Markets remain impacted by COVID-19 with sales down 27% ² on 2019 Initial recovery started during year with sales growth of 18%² versus H2 2020 £98 million more operating profit on lower sales; margins up 3.9ppts Cash conversion (pre-capex) of 124% driven by working capital gains All required major restructuring projects to reach 12%³ margin target now approved and underway Revenue by source² 2 O 1 1 OE (90%) |2 Aftermarket (10%) Predominantly OE driven, with structural growth in attractive aftermarket 1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance 2. Based on existing businesses at 31 December 2021 10% margin target on a partial market recovery and 12% margin target on a recovery to pre-COVID-19 revenue 4. According to customer's country of domicile Civil and Defence relates to the airframes and components businesses 2 Revenue by destination ²,4 3 1 North America (68%) 2 Europe (30%) 3 Asia (2%) Providing vital technology to an enviable portfolio of global customers 24

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