Melrose Investor Presentation Deck
Overview
Melrose
£m
Revenue
EBITDA
EBITDA margin %
Operating profit
Operating margin %
Buy
Improve
Sell
3
Revenue by business²
2
1.
2.
3.
4.
5.
Adjusted¹
results
2021
2,543
258
Strong mix of technologies
10.1%
1 Civil5 (32%)
2 Engines (34%)
3 Defence5 (34%)
112
4.4%
Growth
Flat²
68%
4.3ppts
925%
3.9ppts
■
Markets remain impacted by COVID-19 with sales down 27% ² on 2019
Initial recovery started during year with sales growth of 18% 2 versus H2 2020
£98 million more operating profit on lower sales; margins up 3.9ppts
Cash conversion (pre-capex) of 124% driven by working capital gains
All required major restructuring projects to reach 12% ³ margin target now
approved and underway
Revenue by source²
2
O
1
1 OE (90%)
2 Aftermarket (10%)
Growing aftermarket business
2
Strictly Confidential
Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance
Based on existing businesses at 31 December 2021
10% margin target on a partial market recovery and 12% margin target on a recovery to pre-COVID-19 revenue
According to customer's country of domicile
Civil and Defence relates to the airframes and components businesses
GKN Aerospace
Revenue by destination ²,4
3
1 North America (68%)
2 Europe (30%)
3 Asia (2%)
Diversified, global footprint
01
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