Melrose Investor Day Presentation Deck

Melrose Buy Improve Sell XEVS¹ will become mainstream over the next decade... Source: IHS 1. 2. 3. Global light vehicle2 electrification forecast Actual/projected global light vehicle production 75m 96m 3% 4% 89m 2% 94% 2019 BEV and FCEV³ 5% 92% 2020 PHEV and Full Hybrid³ 13% 11% 76% 102m 21% 15% 64% 2030 ● ● XEV refers to vehicles with any degree of electrification Includes passenger cars and light commercial vehicles Internal combustion engine (ICE), plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV), fuel cell electric vehicle (FCEV) Electrification is expected to progress significantly faster post-pandemic The main electrification regions are Europe and China, with North America expected to accelerate By 2030, >35% of vehicles expected to be full hybrid or battery electric Mild hybrid to grow strongly medium term, but expected to be a bridging technology only 2025 Mild Hybrid and ICE³ Current industry forecasts predict considerable xEV growth 59

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