Capturing Performance Improvement Opportunities

GUIDANCE GROUP GUIDANCE FOR MID-TERM (BASED ON 2027) Operating profit Operating margin Free cash flow Return on capital DIVISIONAL GUIDANCE FOR MID-TERM (BASED ON 2027) Operating margin Civil Aerospace Defence Power Systems GROUP GUIDANCE FOR 2023 Mid-term guidance Change FY22 £2.5bn-£2.8bn +£1.8bn-£2.1bn £652m 13-15% +8-10%pts 5.1% £2.8bn £3.1bn +£2.3bn-£2.6bn £505m 16-18% +11-13%pts 4.9% Mid-term guidance Change FY22 15-17% +12.5-14.5%pts 2.5% 14-16% +2.2-4.2%pts 11.8% 12-14% +3.6-5.6%pts 8.4% FY23 guidance HY23 FY22 Operating profit £1.2bn - £1.4bn £673m £652m Free cash flow from continuing operations £0.9bn £1.Obn £356m £505m © 2023 Rolls-Royce Not Subject to Export Control 23

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