Financial Performance and Guidance

CAPTURING PERFORMANCE IMPROVEMENT OPPORTUNITIES Strategic initiatives driving margin improvements Defence operating profit improvements (£bn) 14-16% Operating margin mid-term target 2022 Transport Combat Submarines Efficiency & simplification Portfolio & Mid-term other TRANSPORT Continuing support for a growing Transport & Patrol fleet COMBAT Pursuing new, funded Combat programmes SUBMARINES Increase in funded Submarines activity EFFICIENCY & SIMPLIFICATION Simplifying and optimising our business ROLLS R ROYCE ©2024 Rolls-Royce Not Subject to Export Control 47

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