Melrose Results Presentation Deck

2. Revenue growth and outlook Melrose Both groups' end markets are growing 1. Buy Improve 2. Sell 3. Melrose (Aerospace) 15%+ Current external market data² 11% VS Actual revenue growth (2022) Outlook for growth in 2023 10% Current analysts' consensus ³ for Melrose c.3% Current external market data² Dowlais 1 7% VS 6% Current analysts' consensus ³ for Dowlais 1 Some rebalancing of consensus³ outlook required to match latest market expectations Comprises the Automotive, Powder Metallurgy and Hydrogen businesses Sources for volume growth: S&P global light vehicle production forecast (January 2023) for Dowlais; Cirium, Teal and US DoD for Aerospace This is not a Melrose forecast, it is a company compiled consensus (February 2023) from 13 external analysts that cover Melrose 8

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