Investor Presentaiton

Transformation programme Governance Efficiency & Simplification ROLLS R ROYCE Efficiency & Simplification Working Capital Business Improvement Commercial Optimisation Strategic Review Performance Management Purpose & Culture . Reduce indirect costs and control headcount Third party cost savings Productivity improvements Commercial Optimisation • LTSA margin improvements and T&M pricing Focus on onerous contracts Business aviation pricing and customer segmentation Power Systems pricing actions Working Capital • • Focus on overdue and unbilled debt Inventories expected to unwind from H2 Targeting a multi-year sustainable reduction Page 15 © 2023 Rolls-Royce

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