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  "documentTitle": "Melrose | Results Presentation Deck | 29 slides",
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  "authorName": "Melrose Industries PLC",
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  "presentationDate": "2023-09-01 00:00:00",
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      "kind": "diagram",
      "text": "RRSP lifecycle\nOEM decision to invest\nProgramme launch\nEntry into service\nProduction ends\nTechnology development 7 years\nProduct development 7 years\nOE production 15 years\nAftermarket services 30 years\nLight investment\nHeavy investment\nTurns cash positive\nHigh profit and cash\nCFMI RISE¹, P&W GTF Next Gen¹\nP&W GTF 24/30k\nCFM56, V2500, GEnx, Trent XWB, 13 other engines",
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      "text": "RRSP market growth",
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      "text": "Portfolio of RRSPs hitting aftermarket 'sweet spot'\nRRSPs provide GKN Aerospace entitlement to aftermarket profits\nGKN Aerospace has an exceptional RRSP portfolio\nDiverse mix of contracts with all major OEMs\nEngines are maturing and majority are de-risked\nHighly accretive to margins in the years to come\nLong-term predictable cash flows for decades to come",
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      "text": "Cash positive engines driving strong performance\nCFM56 – continues to perform well, with utilisation 4% ahead of early 2019\nV2500 – some disruption due to fire at a supplier site, but performance strong\nGEnx, Trent XWB – benefitting from widebody market recovery\nNew engines to be cash positive in next 5 years\nP&W GTF – fundamentally strong with issues being addressed\nNext generation engines at technology demonstration phase\nOnly tier 1 partner currently on both CFMI RISE¹ and P&W GTF Next Gen¹; well positioned due to longstanding relationships and technology capabilities",
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      "kind": "paragraph",
      "text": "17 of 19 RRSPs already in cash generation phase²",
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      "kind": "source-note",
      "text": "1. Future potential RRSPs\n2. Remaining two RRSPs reach cash generation phase in next five years (P&W GTF 24/30k)",
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      "kind": "title",
      "text": "Engines: increasing RRSP contribution",
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