Melrose Results Presentation Deck

GKN acquisition net debt¹ fully repaid Melrose 2. Acquisition net debt¹ repaid: protecting shareholder value and de-risking the transformation in challenging conditions Buy Improve Sell £nil net debt¹ At GKN acquisition (2018) £3.4bn opening net debt¹ Leverage¹ c.2.5x £2.6bn disposal proceeds Acquisition net debt repaid £1.0bn free cash inflow² £1.2bn paid to shareholders Significantly protecting shareholder value, and de-risking the transformation of GKN At 31 December 2021 1. Described in the glossary to the Preliminary Announcement and considered by the Board to be a key measure of performance 2. After total restructuring spend of £0.7 billion and pension contributions of £0.5 billion £0.95bn net debt¹ Despite challenging trading, the Group's opening net debt¹ at the GKN acquisition has been fully repaid, save cash paid to shareholders over that period Leverage¹ 1.3x 9

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