Melrose Results Presentation Deck

Automotive - investments, technology and environment Melrose Investment and restructuring Significant restructuring programmes underway: Layers of management removed - Structural reductions in fixed costs I Early retirement programmes at several plants - Footprint reduction taking place - two site closures completed Consolidation of back office service functions underway Focus on improving production, material and inter-factory flows Structural improvements in procurement, yielding direct and indirect savings Good progress being made on resolving loss-making contracts release of corresponding provision Working capital improvement plan being implemented Technology and ESG Electric vehicle powertrain solutions enable low-carbon vehicles - eDrive becoming increasingly important with capital investments to increase specific eDrive manufacturing capacity ■ I I ■ I I Strategy to make electric propulsion more affordable - using standardised electric drive systems and highly integrated inverters and motors Strategic collaboration with power electronics specialist, Delta Electronics Inc., joint development should accelerate delivery of next generation 3-in-1 eDrive systems - a key step towards scaling greener powertrain solutions Buy Improve Sell 20

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