Melrose Results Presentation Deck

A compelling equity case Strong market growth Huge Engines aftermarket Multiple profit growth Regular share buybacks Melrose 1. 2. ■ ■ ■ ■ I H ■ Rapid aerospace market recovery, followed by long-term structural growth 1 Technology embedded on the world's most successful, highest volume platforms ¹ RRSP work largely done on engine build, but with entitlement to lifetime share of aftermarket profits £20 billion of lifetime net cash inflow (£5.5 billion NPV2) coming increasingly from Engines aftermarket Profit on track to more than double in 2023; and then expected to expand significantly again to reach 2025 targets Increasingly higher profit drop through from strong Engines aftermarket growth Shareholders to enjoy decades of harvesting cash flows from Engines aftermarket Melrose to commence early its share buyback programme at the start of October 2023 All of the world's high-volume platforms based on Airbus and Boeing narrowbody/widebody fleets, plus F-35 and major rotorcraft Using a foreign exchange rate of USD:GBP of 1.25:1 and calculated using a discount rate of 7.5% which is between a debt related discount rate and a GKN Aerospace pre-tax weighted average cost of capital 25

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