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  "authorName": "Melrose",
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  "presentationDate": "2022-06-01 00:00:00",
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      "text": "1. GKN Aerospace engine or airframe content onboard aircraft over 100-person capacity produced today\n2. Leadership position means number 1, 2 or 3 in the global market, by sales, in aerostructures, aerospace engine systems and aerospace electrical distribution\n3. Using a foreign exchange rate of USD:GBP of 1.30:1 and calculated using the midpoint between a debt related discount rate of 5% (NPV c.£7bn) and a GKN Aerospace pre-tax weighted average cost of capital discount rate of 10% consistent with data in the Melrose Industries PLC 2021 Annual Report (NPV c.£3.5bn)",
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      "text": "Well positioned for market recovery and growth\nBlended revenue CAGR of 7% to 2030\nFaster recovery and higher growth to 2025 (>10% CAGR)\nAftermarket rising to 50% of the Engines business by 2030",
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      "text": "Leading Tier 1 supplier in the aerospace industry – highly resilient market position\nProduct on over 90% of commercial aircraft with entrenched customer relationships\n95% of revenue from industry leading positions\nFor >70% of revenue GKN Aerospace is the single source supplier, providing excellent long-term visibility\nExcellent technology portfolio focused on sustainability",
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      "text": "Strong, long-term cash generation\nExpected lifetime cash inflow of c.£18.5bn on 19 engine contracts (NPV of c.£5bn), these contracts represent less than 20% of Aerospace revenue today (5% of Melrose)",
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      "text": "Upgraded operating margin target to 14%+\nAccelerated progress on restructuring with all projects launched and moving rapidly\nClear path to 14%+ operating margin on a full market recovery",
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