Melrose Results Presentation Deck

Some helpful data for 2022 Melrose Continuing operations Item Income Statement Adjusted ² revenue Adjusted² operating profit (pre-PLC costs) Adjusted² EBITDA³ (pre-PLC costs) PLC costs Adjusted effective tax rate Interest cost of gross drawn debt Commitment fee on undrawn debt Other Interest: Amortisation of financing fees Pension Leases Unwind of discount Non-controlling interest charge Cash Flow Depreciation: Owned assets Leased assets (pre-PLC) Equity accounted investments Total depreciation³ Net capital expenditure Restructuring Defined benefit pension contributions Tax Adjusted² operating profit from equity accounted investments Dividend Income from equity accounted investments Buy Improve Sell Melrose 234 £8,191 million £518 million £950 million (£38 million) 4 c.22% c.4.0% c.0.4% (£10 million) (£5 million) (£9 million) (£2 million) (£5 million) £360 million. £45 million £27 million £432 million (£294 million) (£136 million) (£59 million) (£80 million) £78 million £59 million Proforma post-demerger Melrose (Aerospace) £2,957 million £186 million £330 million (£46 million) 4 c.21% c.5.5% c.0.6% (£5 million) Nil (£3 million) (£1 million) Nil £123 million £21 million Nil £144 million (£72 million) (£53 million) (£23 million) (£7 million) Nil Nil 1. Comprises the Automotive, Powder Metallurgy and Hydrogen businesses 2. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance Including depreciation and amortisation from equity accounted investments PLC costs in 2022 of £35 million and £3 million of non-cash divisional LTIP charge; proforma PLC costs in Melrose (Aerospace) include £10 million of non-cash divisional LTIP charge Dowlais ¹ £5,234 million £332 million £620 million (£30 million) c.24% c.5.5% c.0.6% (£5 million) (£5 million) (£6 million) (£1 million) (£5 million) £237 million £24 million £27 million £288 million (£222 million) (£83 million) (£36 million) (£73 million) £78 million £59 million 37

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