Melrose Investor Day Presentation Deck

Melrose Projected improvements to achieve 14% margins Buy Improve Sell ● ● ● Refocusing ● £25m+ opportunity 30% realised M Commenced end of 2018 Focus of opportunities on higher precision applications Achieved £120 million of booked annual sales in new business through market share gain ● ● ● Restructuring ● £24m+ opportunity Extra margin from business in most profitable areas Closed two sites in the USA in 2018/19 • Streamlining European footprint ● Announced closure of Canadian transmission plant Sinter business refocused into OneSinter and non- performing to drive efficiencies Delivered £27 million of annualised cost benefits since 2019, with £22 million further improvement planned 80% realised Restructuring projects started in 2019 Various projects executed in all business areas, across geographies Right-sized business promoting a reduction of 400+ people from overheads, nearly 25% of total Streamlined support functions structures by digitising processes Reorganised Tech Centre in Germany, in order to accelerate development of new technologies whilst delivering cost efficiencies 23

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