Melrose Results Presentation Deck

Aerospace: improvement actions Commercial mix Melrose Operational gains Restructuring Buy Improve Sell 1. ■ I ■ ■ I Progress to date Reduced exposure to legacy onerous contracts by >60% Renegotiated or exited some unattractive business Sold non-core, low margin businesses in The Netherlands Ongoing deployment of lean operating model Quality delivered to customer improved by 39% 1 Productivity up by 7% in H1 Significant demand led headcount reduction linked to COVID-19 impact ▪ Structural projects underway in Europe (e.g. Kings Norton and Nordics) ■ As measured by quality escapes: parts shipped to customers that do not meet full quality requirements I ■ ■ Future actions Continued/accelerated renegotiation or exit Focus growth in attractive aftermarket and repair Selective bidding, concentrated on design to build Major focus on further reducing costs of quality Driving productivity as demand recovers Preparing for ramp-up in civil OE I Accelerated execution of restructuring underway (approximately 50% of projects) Starting new restructuring projects in H2, including in North America Actions underpin delivery of 10% margins on partial market recovery 25

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