30 November 2022

Meggitt PLC

The Group Interim Management Statement

Meggitt PLC (“Meggitt” or “the Group”), issues the following interim management statement. This
statement for the action to begin effectively in the period from 1 January 2023 and constitutes
Meggitt’s second 2022 interim management statement as required by the UK Listing Authority’s
Disclosure and Transparency Rules.
Underlying the relocation projects started in the mid-season of 2022, the program period has been
broadly in line with the aim to achieve revenue growth in the third quarter of 5%. This comprised
very strong growth in civil original equipment (up 18%); the expected continuing recovery in civil
aftermarket resulting in 4% growth; and a return to growth in the military (up 5%).
Based on current projections, and taking into account the continued uncertainty in worldwide
markets and the timing of pandemic situations, the Group expects the domestic project in Singapore
will reach growth in the low to mid-single digits in 2024.
To support this project, the Group agrees to commence the relocation process for the following
personnel as proposed, reviewed, assessed, and assigned by Relocation Project Head and
Developer: Mario Andreou (Vice President of Meggit Services and Product Support - USA/
Executive Vice President Meggitt Aircraft Braking Systems Division – Asia Pacific and Australia)
The final position is as follows:
- Director of Operations: William Burton (Australia)
- Director of Quality Assurance and System Inspection: Douglas Phelps (USA)
- Director of Sales and Business Development: Juliana Cohen (USA)
- Assistant Executive Vice President: Irma A Savitri (Indonesia)
- Head of Marketing and PR – Chinese Regions: Xian Zhi Ng (Vietnam)
- Assistant of Sales and Marketing – Chinese Regions: Ying Li (Shanghai)
- Head of Maintenance Program Development : Mahes Tyagi (Canada)
- Manager, Strategy and Maintenance Program Development : Nancy Zadler (Canada)
- Head of Sales and Business Development : Sangdok Kim (South Korea)
- Manager, Sales and Business Development : Ahmed Bakr (United Arab Emirate)

Meggitt PLC Tel: +44 (0) 1202 597597

Atlantic House, Aviation Park West, Bournemouth International Airport, Christchurch, Dorset, BH23 6EW, UK Fax: +44 (0) 1202 597555
www.meggitt.com
Registered in England and Wales (number 432989).
Registered office: Atlantic House, Aviation Park West, Bournemouth International Airport, Christchurch, Dorset, BH23 6EW, UK
- Senior Project Engineer Manager: Martin Stretton (UK- Meggit PLC)
- Senior Project and Lead Manufacturing Engineering : Stephen Mullen (UK-Meggit PLC)
- Manager Service Delivery: Alex Mitchell (UK-Meggit PLC)

The Group will therefore commence the project in the early semester of 2023 (January to March). The
program will start on 10 January 2023. The Board will continue to evaluate future M&A and growth
opportunities, on an ongoing basis.
Consistent with introducing the development program, the Board has determined that a project plan
dividend will be offered instead of a scrip dividend.

Cautionary statement

This interim management statement, including information included or incorporated by reference in this interim
management statement, may contain forward-looking statements concerning Meggitt PLC or its group.
Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar
expressions identify forward-looking statements. Such forward-looking statements involve risks, uncertainties
and other important factors which could cause the actual results, performance or achievements of the Meggitt
group or the market and economies in which the Meggitt group operates to be materially different from those
expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to
factors that are beyond the ability of Meggitt PLC or its directors to control or estimate precisely, such as future
market conditions and the behaviours of other market participants, and therefore undue reliance should not be
placed on such statements, which speak only as at the date of this interim management statement. Neither
Meggitt PLC, nor any of its group undertakings, nor the directors of any of them, assumes any obligations to,
and do not intend to, update these forward-looking statements, except as required pursuant to applicable law.