Melrose Results Presentation Deck

Automotive: highlights Melrose £m Revenue EBITDA³ EBITDA³ margin % Operating profit Operating margin % ■ ■ ■ ■ - Buy Improve Sell 2020 Adjusted¹ results 3,797 322 8.5% 1. 2. 3. 4. 5. 82 2.2% Highlights H2 recovered following significant disruption and factory closures in H1 Q4 sales very strong, but not expected to remain at this level Recovery strongest in China and North America, offset by weaker sales in Europe and Asia Pacific Asia Pacific sales also impacted by proactive exit of low margin programmes Excellent cash performance with £158 million positive inflow4, 153% cash conversion5 pre-capex Working capital reductions sustained as H2 demand recovered Further improvements expected ▪ Profit impact of lost sales mitigated by tightly managed cost actions Some disruption anticipated due to semi-conductor supply chain issues Electric vehicles provide dual growth opportunity Gaining share in established core Driveline businesses Expanding content per vehicle with new eDrive solutions Growth² (19%) (45%) -4.1 ppts (77%) -5.5 ppts H2 2020 Adjusted¹ results 2,256 267 11.8% 146 6.5% H2 2020 Year on year growth² 1% (9%) -1.2 ppts (16%) -1.3 ppts Described in the glossary to the 2020 Preliminary Announcement, released on 4 March 2021 Growth is calculated at constant currency against 2019 results Including depreciation and amortisation from equity accounted investments Adjusted operating cash flow (post-capex) Adjusted operating cash flow conversion (pre-capex) 22

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