Melrose Results Presentation Deck

Introduction: 2020 Focus Melrose 2020 Focus Prioritise cash ■ H Reduce debt ■ ■ Continued focus on improving businesses Nortek Air Management operating margins doubled since acquisition, from 8.6% to 17.3% in H2 2020 £172 million spent on restructuring the Group in 2020 Improvement process of GKN has been accelerated ■ Record adjusted free cashflow¹ of £628 million (6% higher than 2019) Level of spend on R&D protected ■ Return to paying a dividend ■ Group net debt reduced by over £400 million (13%) to £2.85 billion H2 annualised proforma leverage¹ of c.3.2x EBITDA Buy Improve Sell 0.75 pence per share to be paid in May A progressive dividend policy is intended to be reintroduced for future periods Pensions A very good story on reducing the deficit², accounting deficit down from £0.7 billion pre-acquisition to £0.1 billion Increased company contributions and sensible investment strategy 1. Described in the glossary to the 2020 Preliminary Announcement, released on 4 March 2021 2. Accounting deficit on the GKN UK pension schemes 3

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