Melrose Results Presentation Deck

Powder Metallurgy: highlights Melrose Global leader in Powder Metallurgy #1 global producer of precision powder metal parts -17% market share ▪ #2 global producer of powder metal -24% market share ■ Growth in the core business with market share gains Growing faster than the market due to share gains -43% year on year H1 sales growth exceeds 29% increase in light vehicle production by 14 ppts £120 million of annual sales won in attractive segments with continued good momentum in H1 ■ ■ A clear path to improve to 14% operating margin Approaching 70% of sales already above 14% margins. H1 operating margin of 11.2% (12.0% excluding hydrogen start-up costs) I ■ ■ ■ ■ Three non-performing sites; one sold, one announced to close and the third plant is under an intensive operational improvement programme Incremental high growth from exciting and sustainable new technologies Hydrogen storage business launched and in development - safe and reliable method for storing green and rapidly growing energy source ■ All restructuring projects necessary to achieve the target margin are already underway, non-performing segment reduced from 16% of the business to 10% Restructuring largely complete by the end of this year Additive growth in H1, +15% year on year, improving efficiency of manufacturing and reducing material waste Buy Improve Sell AN> HYDROGEN KN ADDITIVE 32

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