Rolls-royce Holdings Plc · LSE:RR.
Rolls-royce — H1 2026 Earnings Presentation
13 slides from Rolls-royce's earnings presentation, Jul 30, 2026
Slide 1: Half Year Results: Supplementary data 2026
HALF YEAR RESULTS Supplementary data 2026 The information in this document is proprietary and confidential to Rolls-Royce and is available to authorised recipients only – copying and onward distribution is prohibited other than for the purpose for which it was made available.
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This announcement contains certain forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In particular, all statements that express forecasts, expectations and projections with re
Slide 3: FY 2026 Guidance & Mid-Term Targets
FY 2026 GUIDANCE & MID-TERM TARGETS 2025 Updated 2026 2028 actuals guidance mid-term targets Operating profit £3.5bn £4.7bn - £4.9bn £4.9bn - £5.2bn Free cash flow £3.3bn £3.8bn - £4.0bn £5.0bn - £5.3bn Operating margin 17.3% - 18% - 20% Civil Aerospace margin 20.5% - 21% - 23% Defence margin 14.4%
Slide 4: Transactional Foreign Exchange
TRANSACTIONAL FOREIGN EXCHANGE Rolls-Royce hedges transactional FX % cover of £/$ exchange forecast net US$ rate income • Transactional exposure arises when revenue currencies differ from 100% 1.40 cost currencies • Forecast achieved rates are derived from recent average spot rates, contracted hedge
Slide 5: Translational Foreign Exchange
TRANSLATIONAL FOREIGN EXCHANGE The impact of translational foreign exchange is driven by period average spot rates ROLLS-ROYCE DOES NOT HEDGE AGAINST Period average rates H1 2026 H1 2025 THE IMPACT OF TRANSLATIONAL FX USD 1.35 1.30 • Translational FX reflects the impact of converting results from ou
Slide 6: Drivers of Civil LTSA Balance Change
DRIVERS OF CIVIL LTSA BALANCE CHANGE Deferred revenue reflects difference between invoiced EFH receipts and P&L revenues traded P&L LTSA revenue INVOICED EFH RECEIPTS (pre catch-ups) Reflects invoiced EFH receipts on long- £(2,884)m term contracts across entire Civil LTSA- Contractual covered fleet
Slide 7: Civil Aerospace Revenues by Engine Type
CIVIL AEROSPACE REVENUES BY ENGINE TYPE £m H1 2026 H1 2025 Organic change 1 Original Equipment 2,019 1,478 35% Large engine 1,504 993 51% Business aviation 497 473 2% V2500 18 12 50% Service 4,167 3,308 26% Large engine 3,280 2,497 31% Business aviation 607 551 9% Regional 129 102 26% V2500 151 158
Slide 8: Trent Engine Products
TRENT ENGINE PRODUCTS Market Engines in Engines on Engine Airframe share 1 service order Trent 7000 Airbus A330neo 100% 358 552 Trent XWB-84 Airbus A350-900 100% 1,206 989 Trent XWB-97 Airbus A350-1000 100% 224 688 Trent 1000 Boeing 787 20% 822 37 Trent 900 Airbus A380 48% 320 - Trent 800 Boeing 777
Slide 9: Civil Aerospace Engine Deliveries
CIVIL AEROSPACE ENGINE DELIVERIES By engine 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 Trent 700 181 184 140 88 110 63 10 2 2 1 1 - - 1 Trent 900 42 35 6 30 67 44 34 15 1 2 - - - - Trent 1000 59 79 106 122 109 125 126 82 12 5 38 47 40 9 Trent XWB-84 13 56 117 196 184 17
Slide 10: Civil Aerospace In-Service Installed Fleet
CIVIL AEROSPACE IN-SERVICE INSTALLED FLEET By engine 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 RB211-22B 3 3 3 3 3 3 3 3 3 - - - - RB211-524 455 352 302 278 266 242 210 82 80 85 79 79 73 69 RB211-535 1,026 1,012 908 868 826 850 824 576 658 682 716 664 622 628 RB211 1,4
Slide 11: Civil Aerospace In-Service Thrust Base
CIVIL AEROSPACE IN-SERVICE THRUST BASE Thrust (million lbs) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 H1 2026 RB211-22B (60,000 lbs) - - - - - - - - - - - - - - RB211-524 (60,000 lbs) 27 21 18 17 16 15 13 5 5 5 5 5 4 4 RB211-535 (40,000 lbs) 41 40 36 35 33 34 33 23 26 27 29 27
Slide 12: Definitions and Calculations
DEFINITIONS AND CALCULATIONS RoC = net operating profit after tax / average invested capital Net operating profit after tax is defined as underlying net profit excluding net finance costs and the tax shield on net finance costs. Invested capital is defined as Return on Capital current and non-curren
Slide 13: The information in this document is proprietary and confidential to Rolls-Royce and is available
The information in this document is proprietary and confidential to Rolls-Royce and is available to authorized recipients only – copying and onward distribution is prohibited other than for the purpose for which it was made available.