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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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      "text": "At GKN acquisition (2018) 81% funded¹ at acquisition -> At 30 June 2022 116% funded¹ -> Melrose (Aerospace) 116% funded¹ / Automotive Group² (DemergerCo) 116% funded¹",
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      "text": "Both new Groups are 116% funded on an accounting basis at 30 June 2022 and are legally aligned to the businesses",
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      "text": "GKN UK pension schemes³ funding level transformed into an accounting surplus of £292 million; split broadly two thirds Aerospace, one third Automotive Group²",
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      "text": "Ongoing funding of £15 million per annum into both Aerospace and Automotive Group² schemes",
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      "text": "1. IFRS accounting funding level\n2. Comprises the Automotive, Powder Metallurgy and Hydrogen group of businesses\n3. Excludes GKN UK Post Retirement Medical Scheme",
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      "text": "Key point 6: UK pension schemes now fully funded",
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