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  "documentTitle": "Melrose | Mergers and Acquisitions Presentation Deck | 46 slides",
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  "authorName": "Melrose Industries PLC",
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      "kind": "diagram",
      "text": "Melrose (Aerospace) c.1/3\nAutomotive Group⁴ (DemergerCo) c.2/3",
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      "kind": "paragraph",
      "text": "The split of the Melrose Group today (pre-central costs) using 2022 consensus¹ is approximately one-third Aerospace, two-thirds Automotive Group⁴",
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      "kind": "paragraph",
      "text": "1. Consensus¹ views for 2022 (pre-central costs)",
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      "text": "1. This is not an internal Melrose forecast, it is a company compiled consensus from all 14 external analysts that cover Melrose, adjusting for the disposal of Ergotron where appropriate\n2. Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance\n3. Consensus¹ operating profit before depreciation and amortisation from subsidiaries and equity accounted investments (depreciation and amortisation calculated as 2x H1 2022)\n4. Comprises the Automotive, Powder Metallurgy and Hydrogen group of businesses",
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      "text": "Melrose (Aerospace) pre-central costs\n£m Consensus¹ 2022\nRevenue 2,776\nEBITDA³ (pre-central costs) 327\nEBITDA³ margin % 11.8%\nOperating profit (pre-central costs) 183\nOperating margin % 6.6%",
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      "text": "Automotive Group⁴ (DemergerCo) pre-central costs\n£m Consensus¹ 2022\nRevenue 4,859\nEBITDA³ (pre-central costs) 592\nEBITDA³ margin % 12.2%\nOperating profit (pre-central costs) 308\nOperating margin % 6.3%",
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      "text": "Melrose Group today: Adjusted results²\n£m Consensus¹ 2022\nRevenue 7,635\nEBITDA³ (pre-central costs) 919\nEBITDA³ margin % 12.0%\nOperating profit (pre-central costs) 491\nOperating margin % 6.4%\nMelrose central costs (57)\nOperating profit (post-central costs) 434",
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      "kind": "title",
      "text": "Key point 1: Relative size of each group",
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