Reece Limited · ASX:REH

Reece — H1 FY2017 Earnings Presentation

6 slides from Reece's earnings presentation, Feb 23, 2017

1. Slide 1: Half Yearly Announcement 23 February 2017

   For personal use only Half Yearly Announcement 23 February 2017

2. Slide 2: Summary

   Summary For personal use only • Record half-year sales and profit 1H FY17 1H FY16 Growth result • Interim dividend of 29 cents per share - up 7.4% REVENUE $1,210.7m $1,141.1m 6.1% • Strong balance sheet with Net Assets up 3.4% for the six months ending 31 December 16 NPBT* $137.2m $127.7m 7.5% • Con

3. Slide 3: Strong sales performance

   Strong sales performance Revenue ($m) For personal use only  6.1% to $1.21b $m 1400 $1,211 • Continuing to invest in new 1200 $1,141 products and the in store $1,052 experience 1000 $844 • Opened four new Reece branches $801 $790 $785 800 $768 $771 $719 • Sydney Distribution Centre $650 commenced o

4. Slide 4: NPBT

   NPBT before gain on foreign exchange contracts NPBT ($m) For personal use only $m 160  7.5% to $137m $137 140 • Record first half result for the $128 group 120 $106 • Investing in technology and the 100 online offering for both trade and $82 $86 $83 $86 retail customers $77 $79 80 $71 $67 • Introdu

5. Slide 5: NPAT

   NPAT after gain on foreign exchange contracts NPAT ($m) For personal use only  6.9% to $96m • Record NPAT result • Underlying earnings very strong and stable • Continuing to invest in supporting long term growth

6. Slide 6: Half Yearly Announcement

   For personal use only Half Yearly Announcement 23 February 2017

Reece — H1 FY2017 Earnings Presentation on 6ix