Melrose Results Presentation Deck

Aerospace outlook: exceptional RRSP contribution RRSP structure GKN position Melrose Buy Improve Sell GKN has established portfolio of 19 RRSPs on leading engine platforms. Revenue ■ Revenue and cashflows shared through full engine programme life cycle ~ typically 40 years+ Includes initial investment costs through to participation in profitable aftermarket GKN's unique portfolio entering financial "sweet spot" following initial investment phase Risk Partners also share risk of engine through lifecycle Risks include initial development success, engine sales and engine performance/warranty Risks limited at this stage as engines stable with strong demand; outstanding risks reduce further over time Sharing I OEM has majority share and selects technology partners to participate in engine programmes Typically percentage share of programme is linked to value of technology contribution provided GKN program me shares are up to 7% on many of the world's leading aerospace engines RRSP portfolio is strong, diverse and well positioned Partnership I Nature of engine development means deep partnership required as teams integrate complex engineering over many years ■ OEMs only allow RRSP partnership with trusted, highly capable innovators with strong technology Deep trusted relationship with all major OEMs with ongoing technology work, including next gen concepts 28

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