Melrose Results Presentation Deck

Reconciliation between statutory and adjusted ¹ results Melrose Continuing operations £m Statutory operating loss Amortisation of intangible assets acquired in business combinations Restructuring costs Exchange movements not hedge accounted Net release of fair value items Other Adjustments to statutory operating loss Adjusted ¹ operating profit Continuing operations Statutory revenue Share of equity accounted investments Adjusted¹ revenue Statutory results ▪ The IFRS measure of results includes certain items which are significant in size or volatility or by nature are non-trading or non-recurring, or are items released to the Income Statement that were previously a fair value item booked on an acquisition Adjusted results The Melrose Board considers the adjusted results to be an important measure to monitor how the businesses are performing because they achieve consistency and comparability when all businesses are held for the complete reporting periods ■ Buy Improve Sell 1. 2. Restructuring costs £m Aerospace Dowlais² Corporate Total Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance Comprises the Automotive, Powder Metallurgy and Hydrogen businesses Total (236) 458 144 87 (26) 53 716 480 Income Statement charge 88 54 2 144 Cash spent/ (received) 2022 136 (25) 111 £m 7,537 654 8,191 Cash spent in year 51 83 2 136 14

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