Melrose Results Presentation Deck

Melrose Aerospace: long-term cashflow dynamics GKN Aerospace: Engines' estimated RRSPS cash profile¹,2 from 1980 to 2060 Melrose I ■ I I £m Buy Improve Sell 700 1. 2. 600 3. 4. 500 400 300 200 100 0 -1001980 Orders 3 (cash inflow) Forecast orders4 (cash inflow) Investment (cash outflow) Significant upturn in cash flow underway Aerospace is in an extraordinarily attractive position for investors It is forecast to have strong and relatively predictable cash inflows which will grow materially There is limited future work required by Melrose (Aerospace) after sale of the engine to achieve these cashflows, so margins become high and are coming in to view 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 Relatively small amount of advance payments are received to complicate long-term cashflow dynamics The £18.5 billion¹ net cash inflow, as presented at the previous GKN Aerospace Capital Markets Event on 8 June 2022, is based on customer projections for engine sales with many already in flight 2045 2050 2055 2060 The upcoming Aerospace investor event on 17 May 2023 will show an updated RRSP cash profile and give more detail on the full profit and cash potential Using a foreign exchange rate of USD GBP 1.3:1 Pre-tax and excluding a nominal amount of maintenance capex Orders include aftermarket on delivered engines and both the original equipment sale and associated aftermarket of published engines orders. Forecast orders represent the original equipment sale and associated aftermarket of expected future engine orders on current programmes 16

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