Melrose Mergers and Acquisitions Presentation Deck
Reconciliation between statutory and adjusted¹ results
Melrose
Continuing operations
£m
Statutory operating loss
Amortisation of intangible assets acquired in business combinations
Restructuring costs
Impairment of assets
Exchange movements not hedge accounted
Other
Adjustments to statutory operating loss
Adjusted¹ 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
Adjusted¹ 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
I
Buy
Improve
Sell
1.
Restructuring costs
£m
Aerospace
Automotive
Powder Metallurgy
Other Industrial
Corporate
Total
Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance
Total
(317)
223
82
20
154
9
488
171
Income
Statement
charge
52
19
10
1
82
Cash
spent in
H1 2022
53
1
54
£m
3,594
284
3,878
Cash
spent in
period
14
26
12
1
53
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