Melrose Results Presentation Deck

Encouraging H1 progress ▪ Two market-leading Aerospace divisions: exceptional Engines portfolio and design-led Structures business ■ ■ Key themes from recent Capital Markets Event¹ Melrose Strong market growth: accelerated recovery with long-term structural growth expected to follow Huge Engines aftermarket: entitlement to share of aftermarket profits with £20 billion of lifetime net cash inflow² Significant positive momentum: profit expected to double from 2022 to 2023, and then double again from 2023 to 2025 1. 2. I Strong growth and margin progression from both divisions ▪ Good commercial and operational progress ■ ■ H1 2023 update ■ Aftermarket delivered 46% revenue growth vs H1 2022 ▪ On track for Engines margins to exceed 30% post 2025 ■ Global air travel at 94% of 2019 levels Record order book levels following Paris Air Show Operating margin above 2019 levels on lower sales Upgraded guidance issued for 2023 Confidence reflected in share buybacks starting early World-class business with superior margins and strongly growing aftermarket Capital Markets Event showcasing Aerospace business held on 17 May 2023 Forecast (undiscounted) pre-tax future cash flow from 19 RRSP engines contracts (based on OEM projections) and using a foreign exchange rate of USD GBP of 1.25:1 13

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