Melrose Investor Day Presentation Deck
Melrose
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Summary of 2020 financial performance
1.
2.
Full year revenue and margin¹ (£m, %)
●
11.6%
7.3%
4,949
2018
Operating margin
12.6%
7.7%
4,739
2019
EBITDA margin
8.5%
2.2%
3,797
2020
Revenue
19% decline in sales in 2020²
<30% decremental margins²
2020 Pre-CAPEX cash conversion of 153%
2020 H1 vs. H2
EBITDA margin includes depreciation and amortisation from equity accounted investments
At constant currency
Revenue
(£m)
Operating
margin (%)
H1
1,541
-4.2%
2020
H2
2,256
6.5%
A
+46%
+10.7
ppts
COVID-19 response actions
Shut down manufacturing plants in line with
OEMs
Accelerated cost reductions in indirect and in
SG&A
Severe impact from COVID-19 enabling accelerated transformation
Direct workforce flexibility demonstrated to
manage demand fluctuations
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