Melrose Results Presentation Deck

Aerospace: portfolio Civil airframes & components Defence airframes & components Melrose Engines Buy Improve Sell ■ Narrowbody 39% Widebody 27% Regional 34% I Mix ■ Civil 63% ■ Defence 37% ■ Fighters 48% I Rotorcraft 33% I Other 19% Product Provides main structures for all major civil OE players Produces key components for all OE engine manufacturers Provides structures and components for all major defence primes Demand Primarily driven by OE civil build rates (>50% Airbus) Linked to new build, aftermarket and services/spares (including RRSP) Linked to new build plus increasing aftermarket and spares/repair (-30% F35) Increasing emphasis on higher margin "design to build" positions, plus Engines and Defence aftermarket growth Technology Excellent position on sustainable aircraft (e.g. Wing of Tomorrow and Alice) Leading additive manufacturing and development of alternative power (e.g. H2GEAR) Developing next generation aircraft (e.g. US advanced programmes), plus composite breakthroughs 24

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