Melrose Results Presentation Deck

Aerospace: highlights Melrose Global tier one leader in civil and defence Balanced portfolio covering airframes, engines and components Established positions on all high volume platforms - e.g. A320, B737, F35 Expanding 'design to build' capability Growth in engines and components aftermarket Well positioned to benefit from market recovery Good exposure to expected civil narrowbody ramp-up to >2019 levels Engines RRSPs and aftermarket set to generate strong margins and cash as flying hours increase Underway with transforming the business, clear path to 10% profit on partial market recovery Actions taken are reading through to improved margins ahead of recovery Significant further work underway to drive operational gains in quality, delivery and productivity Around 50% of structural projects started, others to commence in H2 2021 Ongoing focus to maintain technology leadership and develop sustainable aviation Improving efficiency of existing aircraft - e.g. less drag wing design, lighter components and lower energy manufacturing methods Developing next generation of aircraft - e.g. Eviation Alice, H2GEAR and selective UAM platforms Building differentiated capability through global technology centres - e.g. UK, The Netherlands, Sweden and USA I ■ ■ ■ ■ ■ I I I ■ Buy Improve Sell 26

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