Melrose Results Presentation Deck

Aerospace results: 2022 highlights Melrose Market recovery gained momentum Fast recovery in air travel; very strong demand for civil narrow body aircraft and engine maintenance Industry became supply constrained due to post-pandemic supply chain issues and labour shortfalls Business improvements delivering benefits Operations: 23% improvement in customer quality; deliveries under tight control with reduction in arrears Restructuring: significant projects underway in Europe and North America; on track to be substantially complete in 2023 Good commercial progress across portfolio I ■ 1 Continued expansion of design to build business e.g. new structural components on Gulfstream G800/G400; F-35 and Black Hawk multi-year extensions Ongoing customer dialogue to address non-core or unprofitable contracts Ongoing investments in proprietary technology Excellent progress on breakthrough technologies for existing aircraft, including AM, fan blade repair and advanced composites Produced largest ever AM aerostructure component; launched new AM Centre of Excellence in Texas Major contributor to next generation aircraft including electric, hydrogen and eVTOL platforms (e.g. Eviation Alice and Vertical) ■ I ■ ■ Excellent additive manufacturing (AM) momentum in Engines, including new key OEM agreements and Permanova acquisition to increase technology capability and accelerate growth Buy Improve Sell 22

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