Melrose Results Presentation Deck
Aerospace results: overview
Melrose
£m
Revenue
EBITDA
EBITDA margin %
Operating profit
Operating margin %
3
2
Buy
Improve. 1.
Sell
2.
Adjusted ¹
results
2022
1
2,957
330
11.2%
186
6.3%
Revenue by business
Growth vs
2021
1 Civil (37%)
2 Engines (34%)
3 Defence (29%)
11%
Balanced portfolio, well positioned for
narrow body recovery and business
jet growth
19%
1.1ppts
51%
1.9ppts
8
·
I
Sales up 11% versus 2021 and civil market recovery gaining momentum
Strong H2 performance leading to 51% increase in 2022 adjusted¹ operating profit
Continued excellent progress and performance in world-class Engines business,
including RRSP growth
Civil structures ramping up well to meet higher OEM build rates; Defence structures
demand positive with further operational improvement to come
All required major restructuring projects to reach 14% + operating margin target are
well underway, substantially complete by end of 2023
Revenue by customer
1
3
2
1 Airbus
2 Pratt & Whitney
3 Lockheed Martin
4 Boeing
5 GE
6 Sikorsky
7 Rolls-Royce
8 Other
Broad and diverse global
OEM customer base
3
Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance
According to manufacturing country of origin
2
4
Revenue by region²
1
1 Europe (exc UK) (44%)
2 North America (33%)
3 UK (19%)
4 Asia (4%)
Providing vital technology to an enviable
portfolio of global customers
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