Melrose Results Presentation Deck

Melrose key financial numbers: GKN & Nortek both highly cash generative (continued) Melrose 4. Strong cash generation since the GKN acquisition from all businesses (continued) Free cash inflow¹ since GKN acquisition £1.0bn Buy Improve Sell Total £0.8bn 1 GKN £0.6bn Nortek² £1 billion: Use of £3.5 billion total cash generation since GKN acquisition: Central costs, tax & interest. 1 Return to shareholders £1.1bn (31%) 2 Debt reduction £2.4bn (69%) £0.4bn ■ GKN has generated £1.7 billion of gross cash inflow since ownership (120% profit conversion to cash post capex) which has more than self funded its £0.5 billion of restructuring costs and £0.4 billion³ of pension contributions, giving £0.8 billion of total net free cash inflow from GKN in Melrose ownership so far Total cash inflow Melrose has generated £3.5 billion of total cash inflow since the GKN acquisition, consisting of £1 billion of free cash inflow and £2.5 billion of proceeds from disposals (excluding Nortek Control) Use of proceeds Currently debt reduction has been prioritised with £2.4 billion (69%) of the total cash inflow being used to lower debt and £1.1 billion (31%) returned to shareholders. There is room for a further Capital Return next year 1. Described in the glossary to the 2021 Interim Financial Statements, released on 2 September 2021 2. Nortek cash generation of £0.6 billion since GKN acquisition. During Melrose ownership Nortek has generated over £0.7 billion of cash after all costs 3. Includes £0.3 billion of contributions to GKN UK pension schemes and £0.1 billion to pension schemes in the rest of the world as at 30 June 2021 11

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