Melrose Industries Plc · LSE:MRO
Melrose Industries — BofA Global Industrials Conference 2025
7 slides from Melrose Industries's conference presentation, Mar 20, 2025
Slide 1: Melrose Industries PLC - BofA Global Industrials Conference 2025
Melrose Industries PLC BofA Global Industrials Conference 2025 20 March 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by or on behalf of Melrose Industries PLC (“Melrose”). The information set out in this presentation is not intended to form the basis of any contract. By attending (whether in person, by telephone or webcast) the presentation to which this document rela
Slide 3: Our Foundation for Growth
Our Foundation for Growth #1 Established positions on Engines RRSP aftermarket entitlement on 100% Independent aerostructures ~70% of the world’s high volume aircraft1 business with global reach and local presence2 of global flying hours Proprietary additive fabrication technology Partner >70% in de
Slide 4: Clear Path to Year Targets
Clear Path to 5 Year Targets Revenue Operating Profit1 Free Cash Flow2 Key P&L Drivers ~£5bn £1.2bn+ £600m • 1 Revenue Targets • OEM ramp-up 2029 Margin up to And growing • Aftermarket growth HSD3 CAGR 24%+ beyond • 2 Operating Profit • Volume, mix and business Guidance4 improvements 2025 £3.63bn £7
Slide 5: FCF Bridge to £600m
FCF Bridge to £600m 2025 2029 sources of cash Growing Clear path to £600m Key Cash FCF Drivers Increasing operating profit 1 in 2029: Engines RRSPs • 1 OEM build rates (excl. two GTFs) • Civil ramp-up • Defence production GTF RRSPs1 2 Civil engine shop visits uses of cash GTF PMI2 issue Decreasing 3
Slide 6: Our Unique RRSP Portfolio
Our Unique RRSP Portfolio RRSP Cash Profile(1) Variable Consideration (VC) •1 IFRS 15 requires us to recognise variable consideration as: • We have an irrevocable right to our share of the aftermarket income and cash • Our parts last the life of the engine, so our work is substantially done at the m
Slide 7: Melrose Equity Case
Melrose Equity Case Business Attributes Shareholder Returns Well positioned in structurally growing civil and defence 5 Year Targets Long-term 1 aerospace markets HSD revenue growth Established presence on all of the world’s leading 2 aircraft and engines 24%+ margin Ongoing revenue and Unique portf
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