Reece Limited · ASX:REH

Reece — HY16 Earnings Presentation

6 slides from Reece's earnings presentation, Feb 25, 2016

1. Slide 1: Half Yearly Announcement

   Half Yearly Announcement For personal use only 25 February 2016

2. Slide 2: Summary

   Summary For personal use only • Record half-year sales and profit result HY16 HY15 Growth • Interim dividend of 27 cents per share - up 12.5% • Completed integration of Actrol REVENUE $1,143m $1,052m 8.7% and Metalflex with back end systems and distribution centres consolidated NPBT* $127.7m $106.4m

3. Slide 3: Strong sales performance

   Strong sales performance Revenue ($m) For personal use only $m 1400  8.7% to $1.14b • Continuing to invest in products 1200 $1,143 and improve the service we $1,052 provide our customers 1000 • Opened four new Reece branches $844 $801 $790 $785 800 $768 $771 $719 • Full integration of the Actrol an

4. Slide 4: NPBT before unrealised FX gain

   NPBT before unrealised gain on foreign exchange contracts NPBT ($m) For personal use only $m 140  19.9% to $128m $128 120 • Record first half result for the $106 group 100 • Perth distribution centre complete $86 $83 $86 and will be fully operational in $82 $79 80 $77 March 2016 $71 $67 • Actively

5. Slide 5: NPAT after unrealised FX gain

   NPAT after unrealised gain on foreign exchange contracts NPAT ($m) For personal use only $m 100  12% to $89.9m $90 90 • Record NPAT result $80 80 • Unrealised gain on foreign 70 currency contacts of $1.2m (2014 $60 $60 $8.9m) as a result of AUD 60 $58 $58 $53 $55 decreasing 50 $46 $46 $39 40 30 20

6. Slide 6: Half Yearly Announcement

   Half Yearly Announcement For personal use only 25 February 2016

Reece — HY16 Earnings Presentation on 6ix