Melrose Investor Presentation Deck

←N> GKN AEROSPACE £m 750 650 550 450 350 250 150 50 -50 RRSPS: cash mountain Actual GKN Engines RRSP net cash inflow ¹ 1. 2. ■OE delivery forecast² ~ 3 ■AM current fleet forecast³ ■AM delivery forecast4 Significant upturn in cash flow underway 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046 2048 2050 2052 2054 2056 2058 2060 Net present values of future expected cash flow 5 £5.5bn Pre-tax Original equipment (OE) delivery forecast represents the OE sale of expected future engine deliveries on current programmes 3. Aftermarket (AM) current fleet forecast includes AM on delivered engines Calculated using industry forecasts with conservative assumptions 21 > 17 programmes now in cash generation phase; remaining two programmes turn cash positive in next five years > Cash and profits now rising as engines are in profitable aftermarket phase > GKN parts typically last life-of-the- programme, limited future cost of sales after engine is sold Expecting to invest up to 10% of NPV in next generation of engines, no significant funding before 2030 > Our RRSP share is recorded as revenue with minimal costs in aftermarket phase, leading to higher margins over time > Maturity of our programmes means that commercial, technology and warranty risk has reduced and continues to do so over time > GKN expecting to invest in next-generation engines (e.g. CFM RISE and next-gen GTF); investment and returns not modelled 4. Aftermarket (AM) delivery forecast represents associated AM of expected future engine deliveries on current programmes 5. Calculation as per Capital Markets Event on 17 May 2023. 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

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