Melrose Investor Presentation Deck

(N) GKN AEROSPACE Unique position in the value chain as strategic partner to the OEMs OEM customers Strategic partners ¹ PRAITNEY DEPENDABLE ENGINES &GE Aerospace S SAFRAN ROLLS R Rolls-Royce ROYCE Commercial suppliers 100+ 1. Examples of companies in this segment GN GKN AEROSPACE MTU Aero Engines ITP Aero IHI Forging / casting houses¹ PCC structurals, Inc. AEROSPACE *ATI OEM customer / strategic partners OEMs need strategic partners to develop and fund new programmes Strategic partners contribute design, technology, risk sharing and financing Only a handful of such partners exist Higher margins due to aftermarket access Commercial suppliers Commercial suppliers contribute with capacity and process know-how > Competitive environment with lower margins Hundreds of players in commoditised segments Forging / casting houses Few large players with strong position Typically higher margins Challenging quality and delivery as industry recovers and ramps up 10 High barrier of entry to become a strategic partner

View entire presentation