Melrose Mergers and Acquisitions Presentation Deck
Powder Metallurgy: highlights
Melrose
Automotive market constrained by supply chain, focused growth initiatives gaining traction
Revenue impacted by automotive supply chain issues; significant pent-up demand remains
Continued market share gains in electrification and higher-margin precision components
■ Strong sales growth in additive - up 42% versus H1 2021; new facility opened in Auburn Hills, US
Strong operational performance in challenging market
Inflation impacts successfully offset year to date
▪ Productivity projects delivering benefit in H1, more to follow
Excellent momentum with winning new business opportunities in electric vehicles
Capturing growth in core EV components where sintered parts provide higher strength and lower weight (e.g. e-Differentials)
Good progress with capturing breakthrough structural growth in local-to-local e-Magnet production for EVS
Clear path to improve to 14% target operating margin
Margin progression via restructuring, commercial strategy and productivity improvements
Continued business mix shift towards higher margin, differentiated precision components, including in EVS
Restructuring projects necessary to achieve target operating margin are largely complete, residual projects in process of being executed
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Buy
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Sell
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