2020 Full Year Results 11 March 2021 1 2020 Full Year Results © Rolls-Royce Full Year Safe harbour statement This announcement contains certain forward-looking statements. These forwardlooking statements can be identified by the fact that they do not relate only to historical or current facts. In particular, all statements that express forecasts, expectations and projections with respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of ...

Rolls-Royce Holdings Ltd (OTCPK:RYCEF) Q2 2020 Earnings Conference Call August 27, 2020 4:00 AM ET Company Participants Isabel Green - IR Warren East - CEO Stephen Daintith - CFO Conference Call Participants Chloe Lemarie - Exane BNP Paribas George Zhao - Bernstein Celine Fornaro - UBS Chris Hallam - Goldman Sachs Nick Cunningham - Agency Partners Mr. Khan - Societe Generale Andrew Humphrey - Morgan Stanley Isabel Green Welcome, everyone, to our 2020 half year results presentation. With me today are Warren ...

H1 2020 Performance & COVID-19 Impact - The COVID-19 pandemic significantly affected Rolls-Royce's H1 2020 performance, particularly impacting the civil aviation sector[5, 6, 13, 15, 16, 34, 39, 49, 80, 90] - Group revenue decreased by 24% due to the pandemic[5, 21] - The company reported an operating loss of £(1.7) billion in H1 2020[5] - Civil Aerospace and ITP Aero were the most affected segments, while Defence showed resilience and Power Systems was less severely impacted[6, 7, 15, 50, 81, 90] - Civil Aerospace revenue decreased by 37%, including a 24% reduction in OE (Original Equipment) revenue and a 46% reduction in services revenue[34] Restructuring and Financial Performance - Rolls-Royce initiated a £1.3 billion group-wide restructuring program, including a major reorganization of the Civil Aerospace business[5, 8, 14, 51, 72, 81, 90] - The company aims to resize Civil Aerospace for a smaller mid-term market[8, 14, 51, 81, 90] - A target of £750 million in Free Cash Flow (FCF) is set for as early as 2022, with further growth expected thereafter[9, 14, 52, 60, 62, 64, 81, 90] - The company is implementing cost mitigation measures, with £350 million delivered in H1 towards a £1 billion target for 2020[5] Balance Sheet and Liquidity - Rolls-Royce took rapid actions to strengthen liquidity, reaching £6.1 billion at the end of H1, and secured a £2.0 billion loan in H2[5] - The company aims to return to a net-cash position (excluding leases)[10, 14, 53, 82, 85, 90] - Potential disposals were announced to generate >£2 billion in proceeds to strengthen the balance sheet[5, 11, 14, 54, 83, 86, 90, 91] Strategic Priorities and Outlook - Rolls-Royce is focused on maximizing value from its existing positions and driving growth across the broader Group[12, 14, 55, 56, 91] - The company continues its long-term ambition to lead the low-carbon transition[13, 14, 56, 91, 99] - The company anticipates a return to positive free cash generation during H2 2021[48, 59] - Net debt (excluding leases) at year-end 2020 is expected to be approximately £3.5 billion[48, 84, 85]

Rolls-Royce Holdings plc (OTCPK:RYCEF) Q4 2019 Results Conference Call February 28, 2019 4:00 AM ET Â Company Participants Peter Lapthorn - IR Warren East - CEO Stephen Daintith - CFO Conference Call Participants Rob Stallard - Vertical Research Celine Fornaro - UBS Nick Cunningham - Agency Partners Harry Breach - MainFirst Benjamin Heelan - BofA Merrill Lynch Peter Lapthorn Good morning, everyone. And thank you for joining us here at the London Stock Exchange and for those of you joining online. My name is ...

2019 Full Year Results 28 February 2020 2019 Full Year Results © Rolls-Royce 1 Highlights Warren East Chief Executive 2019 Full Year Results © Rolls-Royce 2 Underlying core revenue Underlying core operating profit £15.3bn +6%* £810m +25%* Results summary After challenging first half, we had a good end to the year & delivered a strong | --- | --- | --- | --- | |-------|-------|----------------------|---------------------| | | | | | | | | 'Dividend' per share | Core underlying EPS | | | 11.7p | 2018: 11.7 p | ...

Rolls-Royce Holdings PLC (OTCPK:RYCEY) Q2 2019 Results Conference Call August 6, 2019 4:00 AM ET Company Participants Jennifer Ramsey - IR Warren East - CEO Stephen Daintith - CFO Conference Call Participants Andrew Humphrey - Morgan Stanley Harry Breach - MainFirst Bank Jennifer Ramsey Great. Okay. So, thank you for joining us here at the London Stock Exchange and for those of you joining online. My name is Jennifer Ramsey, and I lead the Investor Relations team at Rolls-Royce. It's my pleasure to welcome ...

Financial Performance - Underlying core revenue increased by 7% to £7.2 billion[9, 41] - Underlying core operating profit increased by 33% to £203 million[9, 41] - Core free cash flow was £(391) million, compared to £10 million in H1 2018[10] - The company aims for >£1 free cash flow per share[13] - The company is committed to restoring shareholder payments as FCF grows and aspires to a mid-term dividend cover of 2.5x through the cycle[15] Business Unit Performance - Civil Aerospace underlying revenue increased by 11% to £4.018 billion, with an operating loss of £(21) million[41, 83] - Power Systems underlying revenue increased by 6% to £1.553 billion, with operating profit increasing by 20% to £96 million[41, 85] - Defence underlying revenue increased by 2% to £1.494 billion, with operating profit increasing by 2% to £173 million[41, 87] - ITP Aero underlying revenue increased by 23% to £457 million, but operating profit decreased by 18% to £32 million[41, 91] Trent 1000 Update - Cash cost in H1 2019 for Trent 1000 was £219 million, compared to £107 million in H1 2018[26] - Incremental cash cost increase for Trent 1000 pack B/C is expected to be £450 million - £500 million in 2019, declining by £50 million - £100 million in 2020[28] Restructuring and Cost Savings - Run-rate cost savings of £134 million per annum have been achieved to date through restructuring[12, 21] - Cumulative net headcount reduction is approximately 1,600[21] Guidance - FY 2019 core free cash flow is guided at £700 million +/- £100 million[97, 98] - Civil Aerospace revenue is expected to grow around 10%[101] - Power Systems revenue is expected to grow by mid-single digits[102] - ITP Aero revenue is expected to grow around 10%[104]

Rolls-Royce Holdings PLC (OTCPK:RYCEY) Q4 2018 Earnings Conference Call February 28, 2019 4:00 AM ET Company Participants Warren East - CEO & Executive Director Stephen Daintith - CFO & Executive Director Jennifer Ramsey - IR Conference Call Participants Christian Laughlin - Sanford C. Bernstein & Co. Robert Stallard - Vertical Research Partners Nick Cunningham - Agency Partners Andrew Gollan - Berenberg Zafar Khan - Societe Generale Charles Armitage - Citigroup Celine Fornaro - UBS Investment Bank Harry Br ...

| --- | --- | --- | |-----------------------------------------|-------|-------| | | | | | 2018 | | | | Full Year Results | | | | 2018 Full Year Results 28 February 2019 | | | © Rolls-Royce Jennifer Ramsey Head of Investor Relations 2018 Full Year Results © Rolls-Royce 2 2018 Full Year Results © Rolls-Royce Agenda for today 3 Jennifer Ramsey Introductions Highlights Warren East Financial Review Stephen Daintith Business Outlook Warren East | --- | --- | --- | --- | |--------|--------------|---------------|-- ...