Slide 1: HY26 Results Presentation
HY26 Results Presentation ASX:WAT www.waterco.com.au 23 February 2026
Slide 2: Disclaimer
Disclaimer Important notices The material in this presentation is general background information about Waterco Limited (ABN 62 002 070 733) (Waterco or the Company). Summary information This Presentation contains summary information about Waterco and its activities current as at 23 February 2026. Th
Slide 3: Contents
Contents 01 HY26 Results Highlights 05 Growth Strategy HY26 Operational Outlook 02 Highlights 06 03 HY26 Financial Summary 07 Appendix Company 04 Overview 3
Slide 4: HY26 Results Highlights
HY26 Results Highlights 01 4
Slide 5: Financial Highlights
Financial Highlights $130.3m (-2%) $18.3m (+10%) $12.3m (+14%) Sales Revenue Underlying¹ EBITDA Underlying¹ EBIT $7.4m (+12%) 7cps $102.9m Underlying¹ NPAT Interim Dividend Inventory 1. Refer to the Appendix for further information on Non-IFRS financial measures. 5
Slide 6: Half Year Results ending December 2025 (HY26)
Half Year Results ending 31 December 2025 (HY26) Results Summary¹ Key Highlights Financial Period Ended ($ million) HY26 HY25 % Change • Underlying earnings increases across each segment/division. Operating revenue 133.2 134.7 -1% Sales revenue 130.3 132.4 -2% • Sales revenue decreased by 2% to $130
Slide 7: Group Sales Performance
Group Sales Performance Group Sales in each Region Sales Growth by Segment (Region) • Group Performance – Despite softer sales overall, disciplined cost control and Malaysian manufacturing efficiencies drove improved EBIT and margins, underscoring the benefits of supply chain 100.0 optimisation. 80.
Slide 8: HY26 Operational Highlights
HY26 Operational Highlights 02 8
Slide 9: Operational Highlights
Operational Highlights Strategic Insourcing North America Platform Expanded Malaysian manufacturing Commercial customised product insourcing improved margins, pipeline expanding, supported by strengthened operational control and planned manufacturing capacity reduced reliance on external suppliers u
Slide 10: Davey Integration Journey
Davey Integration Journey Early Financial Gains – Synergy Realisation – As separate business, Began cost savings via first 10 months shared warehousing, Market Expansion & delivered 85% sales freight optimisation, Growth – Cross-selling growth and 60% EBIT manufacturing and expanded global uplift to
Slide 11: Executing for Growth: From Reset to Delivery
Executing for Growth From Reset to Delivery025 Executing Strategic Priorities Following FY25’s reset and restructuring phase, HY26 demonstrates early benefits of the rebased platform translating into improved profitability and operational momentum. Manufacturing Transformation • Continued strategic
Slide 12: HY26 Financial Summary
WAIERULU water, the liquid of life
Slide 13: Statement of Profit or Loss
Statement of Profit or Loss Profit or Loss HY26 HY25 $000 $000 Highlights Sales revenue 130,279 132,391 Other revenue 2,939 2,354 Changes in inventories (4,564) (6,932) • Total Revenue decreased 1% to $133.2m, with Sales Raw materials and consumables used (61,724) (62,217) Revenue down 2% on pcp to
Slide 14: Statement of Financial Position
Statement of Financial Position Balance Sheet HY26 FY25 $000 $000 Highlights Cash and cash equivalents 21,532 24,522 Trade and other receivables 40,636 33,466 Inventories 102,850 92,661 • Cash position of $21.5m. Other current assets 4,175 6,607 Total Current Assets 169,193 157,256 • Net working cap
Slide 15: Statement of Cash Flows
Statement of Cash Flows Cash Flows HY26 HY25 $000 $000 Highlights Cash Flows from Operating Activities Receipts from customers 134,301 135,755 Payments to suppliers and employees (124,032) (131,838) • Operating Cash Flow of $6.5m ($1.3m in HY24). Interest received 36 39 Other Income 591 390 Finance
Slide 16: Company overview
Company overview 04 16
Slide 17: Our Business
Our Business Waterco is a vertically integrated water technology group that designs and manufactures innovative filtration and sanitisation solutions for swimming pools, spas, aquaculture, and water treatment and transfer markets. POOL & SPA TRANSFER (PUMPS) TREATMENT (FILTRATION) • Wide range of pr
Slide 18: Waterco At A Glance
Waterco At A Glance Revenue Growth Recognised for quality manufacturing, technical expertise, and continuous product innovation across • ANZ Leadership – The majority of Group pumps, filtration, and water treatment solutions. revenue is generated in ANZ, supported by a broad and diversified product
Slide 19: Our Brand Strength
Our Brand Strength Waterco Davey Swimart • Waterco's innovative filtration and • Davey is the leading manufacturer of • Established in 1983, Swimart is focused on sanitisation solutions, driven by engineering residential and commercial pumps in making pool care easy, with 66 retail stores strength a
Slide 20: Growth Strategy
Growth Strategy 05 20
Slide 21: Growth Strategy – by Vertical and Region
Growth Strategy – by Vertical and Region POOL & SPA TRANSFER (PUMPS) TREATMENT (FILTRATION) • Swimart to increase franchise footprint • Leverage trusted brands and innovate • Differentiate Waterco's superior with further independent conversions next generation energy efficient products. commercial f
Slide 22: Long-Term Growth
Long-Term Growth Waterco is strategically positioned to generate significant and sustained long-term growth. Tailwinds and Trends Industry Drivers • Energy efficiency regulations • Connected products, product monitoring and maintenance / predictive capabilities • Health and wellness awareness • Recy
Slide 23: Our Competitive Advantages
Our Competitive Advantages Largest Australian-owned manufacturer of water transfer and water treatment products – combination of the best filters and the best pumps, with the best technology. Manufacturing Expertise Market Leadership Product Mix Vertical Integration Proprietary Technology • Leading
Slide 24: Outlook
Outlook 06 24
Slide 25: Key trends shaping the industry present exciting opportunities
Key trends shaping the industry present exciting opportunities Water scarcity Energy efficiency Smaller, better quality Connected products Home & health • Demand for fresh water • Increased energy efficiency • Smaller pools in smaller • Demand for smart, • Increased health increasing, supply at risk
Slide 26: H2 Outlook and beyond
H2 Outlook and beyond Global Platform & Integration Manufacturing & Margin Focus • Rollout of a unified global IT platform commencing in H2, targeted for • Further consolidate manufacturing throughput in Malaysia completion in FY27 • Target continued margin improvement across H2 sales • Expected to
Slide 27: Appendix
Appendix 07 27
Slide 28: Key Metrics and Definitions
Key Metrics and Definitions Reconciliation to HY26 reported earnings Group definitions Metric ($ million) HY26 HY25 % Change EBITDA Reported EBIT adding back depreciation, impairment and EBIT 11.3 9.8 16% amortisation expense. NPBT 9.2 7.7 19% Reported Foreign exchange FX translation losses on intra
Slide 29: Global Presence
1. CANADA Longueuil, Sales and Distribution. Global Presence 2. USA Augusta, Warehousing, Sales and Distribution. 3. UK Kent, Warehousing, Sales and Distribution. 4. MALAYSIA Kuala Lumpur Research and Development, Manufacturing, Warehousing, Sales and Distribution. 3 1 5. SINGAPORE 10 Sales and Dist
Slide 30: Sustainability and ESG
Sustainability and ESG Sustainability and ESG Climate Care Certified Opportunity Waterco continues to grow its Sustainability efforts and commitment to ESG. The Climate Care Certification Program is an initiative of the Swimming Pool & Spa Association of Australia Ltd (SPASA Australia). In its manuf
Slide 31: Summary
Summary Leading Company Competitive Advantages Largest Australian-owned (ASX listed) Manufacturing powerhouse with strong manufacturer of water transfer and water brands, product diversification, vertically treatment products with an extensive ANZ integrated operations and a focus on network and a g
Slide 32: Head Office Investor Enquiries
Head Office 36 South Street, Rydalmere, NSW 2116 Australia +61 2 9898 8600 Investor Enquiries: Waterco companysecretary@waterco.com Innovera Partners info@innoverapartners.com