Melrose Investor Presentation Deck

On track to meet communicated profitability targets Melrose Operating profit margin (%) 7.3% Buy Improve Sell 2018 2.2% 1 2020 Full-year revenue run-rate 6.5% 2 H2 2020 £4.9 bn £3.8 bn £4.5 bn Full Potential impact refers to net savings 1. 2. Assumes 30% drop-through margin ~2.5 3.0% Further "Full Potential"1 See details on next page ~1.0 1.5% Volume uplift to hit 10% ROS² > 10% 3 Partial market recovery Strictly Confidential 1 Successfully navigated COVID-19 Maintained positive return on sales for 2020 Utilised flexible adjustments to headcount and plant closures to match OEM production demand ■ ■ 2 Full Potential already delivering 2020 H2 operating profit margin approaching 2018 levels at lower sales (- 9%) ■ GKN Automotive 3 On track to grow margin to 10% Further Full Potential value identified to take operating profit margin over 10% with only partial market recovery (sales below 2018 levels) ■ Clear path to double digit margins 24

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