Rosebank Industries (ROSE) Investor presentation summary

Strategic vision and business model

• Aims to replicate the 'Buy, Improve, Sell' model proven by Melrose, focusing on operational improvement and value creation within 3-5 years per asset.

• Targets industrial and manufacturing companies in developed markets, with ideal enterprise values up to $3bn.

• Plans to fund acquisitions through public equity, prudent bank financing, and use of ordinary shares as acquisition currency.

• Seeks multiple acquisitions but prioritizes improvement in existing assets before expanding.

Leadership and governance

• Led by two Melrose co-founders and four senior team members with decades of experience and a strong track record.

• Team has executed public and private deals across the UK, Europe, and North America, raising over £10bn in equity and £17.3bn in debt, all fully repaid.

• Intends to adopt the UK Corporate Governance Code.

Acquisition criteria and financial approach

• Focuses on companies with strong fundamentals, robust competitive positioning, and clear scope for operational improvement.

• Targets a turn-around horizon of 3-5 years and intends to maintain net debt at 2-3x EBITDA.