Melrose Results Presentation Deck

Segmental performance - adjusted ¹ results. Melrose Adjusted¹ results² Continuing operations £m Aerospace Automotive Powder Metallurgy Nortek Air Management Other Industrial Central Total I Revenue 3,852 4,739 1,115 1,178 708 Buy Improve Sell 11,592 Operating profit/(loss) 409 367 117 175 86 (52) 1,102 Operating margin 10.6% 7.7% 10.5% 14.9% 12.1% Aerospace sales grew by 7% in 2019 and the adjusted ¹ operating margin rose to 10.6%, up from 9.9% in 2018. The second half margin was 11.1% 9.5% Automotive sales decreased in 2019 by 6%, however adjusted¹ operating margin has increased to 7.7%. Trends improved in the second half, with the second half margin rising to 7.9% Powder Metallurgy sales were down 10%, focussed in the Large segment, however margin held up at 10.5% Nortek Air Management continues to benefit from its cutting edge sustainable State Point Technology® to reduce energy and water consumption in data centres. Ergotron ended the year strongly with its second half profit being 26% ahead of the previous year. Security had, as expected, a difficult year 1. Described in the glossary to the 2019 Preliminary Announcement, released on 5 March 2020 2. Including the accounting for loss-making contracts 9

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