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  "documentTitle": "Melrose | Investor Presentation Deck | 111 slides",
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  "authorName": "Melrose",
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  "presentationDate": "2023-05-01 00:00:00",
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      "text": "Net present value of future expected cash flow² £5.5bn",
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      "text": "GKN Engines RRSP net cash inflow¹; Actual; Forecast; Significant upturn in cash flow underway",
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      "text": "19 RRSP programmes across OEMs\n17 programmes already cash positive annually\n~55%³ of Engines sales from RRSPs, ~20%³ of GKN Aerospace\nHigh share of narrowbody engines at the optimal place in their lifecycle\n£20 billion total expected cash flows from 2023, with net present value of £5.5 billion²\nWell placed for new programmes (RISE and next-gen GTF); excluded from cash flow outlook",
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      "text": "1. Pre-tax\n2. Using a foreign exchange rate of USD:GBP of 1.25:1 and calculated using a discount rate of 7.5% which is between a debt related discount rate and a GKN Aerospace pre-tax weighted average cost of capital\n3. Based on 2023 expected sales",
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      "text": "Outstanding future cash flows from secured aftermarket",
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