Melrose Results Presentation Deck

Melrose key financial numbers: good margin progression Melrose 3. Margin progression: Automotive & Powder Metallurgy ahead of plan and restructuring fully underway I ■ Aerospace Automotive Powder Metallurgy H1 2021 operating margins 3.4% Buy Improve Sell 6.2% 11.2% Target operating margins 10% 1 > 10% 14% % of required projects already underway c.50% 100% 100% ² Half the required projects have started, the rest to commence in H2 this year All required projects fully underway, ahead of plan All required projects fully underway, ahead of plan All the required restructuring initiatives to achieve the target margins in Automotive and Powder Metallurgy are fully underway Half of the projects in Aerospace required to achieve the target margin are underway. The remaining c.50% of projects are identified, and due to commence in H2 2021 1. Assuming only a partial market recovery, 12% assuming a full market recovery to 2019 sales levels 2. Projects required to achieve operating margin target in Powder Metallurgy, excluding the investment in Hydrogen Storage Technology 9

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