Reliance Worldwide Corp. Ltd. · ASX:RWC
Reliance Worldwide — Merger or Acquisition (February 2024)
15 slides from Reliance Worldwide's merger presentation, Feb 13, 2024
Slide 1: Acquisition of Holman Industries
Acquisition of Holman Industries Investor Presentation 13 February 2024
Slide 2: Important Notice
Important Notice This presentation contains general information about Reliance Worldwide Corporation Limited’s activities at the date of presentation (13 February 2024), including the acquisition of Holman Industries (“Holman”) announced today. It is information given in summary form and does not pu
Slide 3: Acquisition of Holman Industries: Overview
Acquisition of Holman Industries: Overview Leading manufacturer and distributor of branded plumbing and watering products in Australia Transaction overview ▪ RWC to acquire Holman Industries for A$1601 million; completion expected to occur in March 2024 ▪ Acquisition values business at a multiple of
Slide 4: Acquisition of Holman to be debt funded
Acquisition of Holman to be debt funded Leverage post-acquisition will be lower than pcp, and well within RWC’s target range ▪ A$160 million acquisition cost will be debt funded from existing committed facilities ▪ Pro forma leverage of 1.9 times based on HY24 period-end net debt and A$160 million a
Slide 5: Holman acquisition will expand and diversify APAC business
Holman acquisition will expand and diversify APAC business Holman’s product portfolio ▪ Holman’s plumbing products portfolio complements RWC water-in portfolio with water-out products will complement RWC’s ▪ Additional product ranges will double RWC’s Target Addressable Market in Australia offering
Slide 6: Holman acquisition is strongly aligned with RWC's strategic pillars
Holman acquisition is strongly aligned with RWC’s strategic pillars Solutions for Value for the Industry leading the job site distributor execution Water-out plumbing products DWV offering will make RWC a Strong local manufacturing focused on drain, waste and vent better partner to core plumbing cap
Slide 7: Holman overview
Holman overview Holman sells plumbing and watering products through retail and wholesale channels Holman Operations Overview Holman Financial Snapshot Financial Years ended 30 June Queensland Annual Revenues A$m1 - Virginia: Office & Moulding 200 - Eagle Farm: Office & warehouse 192 - Stapylton: Off
Slide 8: Holman product overview
Holman product overview Two major revenue categories: Plumbing and Watering Plumbing Watering Revenue 47% 53% (% of total) SKUs ~1,300 ~1,800 Channels Wholesale Retail Retail Hardware Landscape Products PVC pipe and fittings - DWV, stormwater, pressure, S&P Garden hoses, retractable hose reels, hose
Slide 9: Channel & product diversification
Channel & product diversification The combination of Holman and RWC will diversify the overall channel mix into retail and adds water-out products to the portfolio RWC APAC Customer Base Combined RWC and Holman Pro-Forma: RWC APAC & Holman Customer Base OEM OEM Retail & Hardware Wholesale Retail & W
Slide 10: Synergies realisation and integration plan
Synergies realisation and integration plan Holman and RWC business will run side by side during the integration phase ▪ Holman has a complementary culture and its values are similar to RWC. Their vision is to be a world class supplier of plumbing and watering products, and like RWC, they are committ
Slide 11: Summary
Summary Holman Industries will broaden RWC’s product offering and channel reach in APAC ▪ Holman has a comprehensive product offering of branded plumbing and watering products that complements RWC’s existing product range ▪ Holman’s leading brand positions within retail will diversify RWC’s channel
Slide 12: Appendix
Appendix
Slide 13: APAC strategy now focused on local growth
APAC strategy now focused on local growth Following the operational reconfiguration and transfer of some SharkBite manufacturing to the US, APAC’s focus is on realising growth within the Australian market and APAC region ANZ Residential Commercial Export and Where Utilities other APAC Wholesale OEM
Slide 14: In-Store Merchandising
In-Store Merchandising 14
Slide 15: In-Store Merchandising
In-Store Merchandising aes : = ee a= ae .
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