Melrose Results Presentation Deck

Segmental results: stronger second half margins Melrose Adjusted¹ results Continuing operations £m Aerospace Automotive Powder Metallurgy Nortek Air Management Other Industrial Central Total ■ ■ Revenue Buy Improve Sell 2,804 3,797 905 1,227 628 9,361 Operating profit/(loss) 14 82 39 188 63 (46) 340 Operating margin 0.5% 2.2% 4.3% 15.3% 10.0% 3.6% H2 2020 Revenue 1,224 2,256 509 677 336 5,002 H2 2020 Operating profit/(loss) 1. Described in the glossary to the 2020 Preliminary Announcement, released on 4 March 2021 2. Growth is calculated at constant currency against 2019 results (40) 146 42 117 45 (26) 284 H2 2020 Operating margin (3.3%) 6.5% 8.3% 17.3% 13.4% No recovery seen in Aerospace, sales down 27% in 2020 compared to 2019, 36% down since Q2 2020 Excluding Aerospace, in the second half of 2020 the average revenue in the divisions increased over 2019 levels Sales and margins recovered sharply in the second half of 2020 in Automotive and Powder Metallurgy with momentum continuing into Q4 Nortek Air Management is trading very strongly with sales for 2020 up 5% year on year. Margins are also growing and reached 17.3% in the second half of the year 5.7% 15

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