Melrose Results Presentation Deck

Business results: expanded margins and strong cash flow Melrose Adjusted¹ results Continuing operations £m Aerospace Automotive Powder Metallurgy Other Industrial² Central Total ■ ■ I ■ I Buy Improve Sell 2021 Revenue 1. 2. 3. 2,543 3,745 975 233 7,496 2021 Operating profit/(loss) 112 172 91 51 (51) 375 2021 Operating margin 4.4% 4.6% 9.3% 21.9% 5.0% 2020 Revenue 2,804 3,797 905 217 7,723 2020 Operating profit/(loss) 14 82 39 52 (46) 141 2020 2021 cash Operating conversion margin (pre-capex)¹ 0.5% 2.2% 4.3% 24.0% Adjusted¹ revenue up 2% on 2020, at constant currency Group adjusted¹ operating margin increased by 3.2ppts driven primarily by improvements to the cost base Aerospace adjusted¹ operating profit up £98 million on flat³ sales Automotive and Powder Metallurgy more than doubled adjusted¹ operating margin in the year Continued strong cash generation with Group cash conversion (pre-capex) of 110% All businesses fully funded their improvement projects from free cash flow¹ 1.8% Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance Other Industrial now includes GKN Hydrogen (investment phase) Based on existing businesses at 31 December 2021 124% 96% 107% 74% 110% 2020 cash conversion (pre-capex)¹ 328% 153% 156% 124% 193% 22

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