Preliminary Results Year to 31 December 2000

1
Preliminary ResultsYear to 31 December 2000

• 8 March 2001

2
2000 was another year of progress

• 12 growth in Automotive in 2000, despite North
  America sharp downturn in December
• Strong growth continued in CHEP, Cleanaway and
  Interlake Material Handling
• AgustaWestland operational in February 2001 with
  a strong order book. Helicopter programmes on
  track
• Aerospace transformation underway

3
GKN plc 2000 Preliminary Results
4
Automotive

• Strong performance in 2000.
• North American vehicle production softened in the
  second half and turned down sharply in the final
  weeks of the year.
• ADD sales grew over 11, and gained market share
  in North America.
• Powder Metals was significantly impacted due to
  its Big 3 bias in North America.
• European trading was robust particularly in
  Germany (export), France and Italy.
• Growth in Brazil and Far East
• OffHighway grew sales and profit in difficult
  market
• Emitec grew sales by 37

5
Automotive - Sales by Destination
Total 2000 Sales 2,683m including Joint Ventures
6
US Retail Inventory by Manufacturer

• The inventory problem affects the Big 3
  automakers and Nissan to a much greater extent
  than other transplants

7
Automotive Driveline Strategic Achievements

• Acquisitions/Outsourcing Agreements
• GM-OPEL Driveline Facility in Germany
• Nissan Driveline Facility in Japan
• Successful completion of Dana Transaction
• CVJ plant in South Carolina
• Increased ownership in Brazil and Mexico
• Global Market Share grown to 41

8
Another Year of Growth in CHEP

• North America Sales 18
• (excluding Autocrates 29)
• Over 500 new WalMart suppliers added in 2000
• The Home Depot implementations started
• Canada, Mexico and Brazil Pools grew strongly
• Europe Sales 9
• Progress in Germany and Italy should accelerate
  after Nestlé, Kraft and Reckitt Benkiser
  contracts
• Second Half impacted by transport disruption and
  non-repeat of 1999 Y2K stock building

Numbers expressed in constant exchange rates
9
CHEP Investments

• Global IT Platform.
• Web based service - Portfolio.
• Premium Service Depots.
• Rapid growth of Returnable Crates during
  introduction phase.
• Short term cost impact but will benefit long term
  growth.

10
Strong Performance in Other Industrial Services
in 2000

• CLEANAWAY Acquisitions
• Waste Management Deutschland
• ServiceTeam in the UK (early January 2001)
• Interlake grew strongly in 2000 but affected by
  US consumer market softening in first half of 2001

11
AgustaWestland

• Merged company operational in February 2001.
• Worlds second largest Helicopter company with
  8bn order book. Strong product programmes in
  place with promising future.
• GKN Westland performed strongly in 2000.
  Delivered 47 helicopters and kits
• All programmes on track.

12
Transformation of GKN Aerospace Services

• Weak H1 performance, followed by H2 improvements
  in 2000.
• Core strategic supplier to Boeing following
  acquisition of manufacturing facility in St.
  Louis.
• Major restructuring underway to focus operations
  on 7 locations.
• Well positioned to be First Tier Supplier to
  Global customers.
• Sales in 2001 expected to be around 550m

13
Preliminary ResultsYear to 31 December 2000

• 8 March 2001

14
Sales and Profit Growth
15
Results Excluding Currency, Acquisitions and
Divestments
16
Sales
17
Operating Profit
18
Operating Profit by Portfolio
1999 558m
2000 593m
19
Operating Profit by Region of Origin
1999 558m
2000 593m
20
Sales - Automotive
21
Automotive - Sales by Destination
269m
292m
1,083m
1,039m
Total Sales 2000 2,683m
22
Automotive - Americas Sales
202m
881m
Total Sales 2000 1,083m
23
North America Passenger Cars and Light Trucks
N America Market currently -20
Big 3 currently -30
Total Sales 2000 881m
24
Automotive EBIT and Margins
25
Operating Profits - Automotive
26
Major Acquisitions Disposals - Automotive

• Acquisitions
• Kaiserlautern, Germany
• Ex-Opel plant, 1.2m vehicle sets pa
• Tochigi, Japan
• Ex-Nissan plant, 1.4m vehicle sets pa
• ATH Albarus, Brazil
• Additional 51 purchased from Dana
• FAD, Italy
• Additional 61 purchased
• Sinter Metals
• Schunk Sintermetall - Technik GmbH, Marshall
  Illinois
• Disposals
• Propeller shaft businesses in Spain, UK, Germany,
  Italy, Sweden

27
Automotive - Market Share Gains
28
Automotive - Market Share Gains
29
Sales - Industrial Services
30
Operating Profit - Industrial Services
31
Growth in CHEP pallets
32
Sales Growth in Industrial Services
33
Sales and Profit - Aerospace
34
Helicopter Revenues
35
Sales and Profit - Aerospace
36
Margins
37
Profit and Loss Account
38
Exceptional Items
39
Profit and Loss Account
40
Taxation - excluding exceptionals
41
Minority Interests
42
Cash Flow from Operations
43
Net Cash Flow
44
Capital Expenditure
45
Shareholders Funds and Net Borrowings
46
Outlook

• First half heavily influenced by North American
  Automotive
• 20 decline from last year
• Significant negative impact on our automotive
  operations there
• Downturn in OffHighway in Europe
• Stable automotive market in Europe, and growth in
  Emerging Markets forecasted
• Aerospace Services improvement from restructuring
• More optimistic view of the second half
• Strategic initiatives in 2000 should benefit long
  term growth

47
Discussions with Brambles

• Discussions are underway on a nil-premium merger
  of Brambles Industries Ltd with GKNs Industrial
  Services Activities.
• A Dual Listed Companies Structure is being
  considered. Under this option,
• two Separate Listed Companies (in UK and
  Australia) joined by contractual arrangements so
  that they are managed as if they were a single
  business.
• Shares of the UK Listed Company will be
  distributed directly to shareholders of GKN.
• Continuous progress is being made in the
  discussion

48
Preliminary ResultsYear to 31 December 2000

• 8 March 2001