Waterco Limited · ASX:WAT
Waterco — FY2025 Earnings Presentation
36 slides from Waterco's earnings presentation, Aug 29, 2025
Slide 1: FY2025 Results Presentation
FY2025 Results Presentation ASX:WAT www.waterco.com.au 29 August 2025
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 29 August 2025. The
Slide 3: Contents
Contents 01 FY25 Results Highlights 05 Growth Strategy FY25 Results Outlook 02 Overview 06 03 FY25 Financial Summary 07 Appendix Company 04 Overview 3
Slide 4: FY25 Results Highlights
FY25 Results Highlights 01 4
Slide 5: Financial Highlights
Financial Highlights Navigating a complex market and integration phase while building sustainable growth. Sales Underlying¹ Underlying Statutory Revenue EBITDA EBIT NPAT up 4% to $249.4m down 2% to $33.2m down 8% to $20.6m down 31% to $9.6m Statutory Revenue Share FY25 Total EPS Growth Price Dividen
Slide 6: Full Year Results ending 30 June 2025
Full Year Results ending 30 June 2025 Results Summary¹ Key Highlights Financial Period Ended ($ million) FY25 FY24 % Change • Sales revenue grew 4% to $249.4 million. Operating revenue 254.9 244.8 4% Sales revenue 249.4 239.1 4% • Sales increased across all regional segments but cost pressures in a
Slide 7: Operational Highlights
Operational Highlights Resilient sales Geographic expansion Group sales revenue up 4% to $249.4m, New UAE subsidiary to capture Middle underpinned by improved sourcing, East growth complementing existing freight efficiencies, and targeted growth pump and filtration product growth in initiatives. Aus
Slide 8: Davey Integration Journey
Davey Integration Journey Early Financial Gains – Synergy Realisation – As separate business, Began cost savings via Market Expansion & first 10 months shared warehousing, Growth – Cross-selling, delivered 85% sales freight optimisation, bundled offerings, and growth and 60% EBIT manufacturing expan
Slide 9: Rebasing for Growth
Rebasing for Growth Strengthening the Foundations025 A Year of Reset and Renewal FY25 has been a transitional year, focused on cleaning up legacy issues, strengthening leadership, driving integration, with some one-off costs absorbed to establish a leaner platform for growth. Key Actions Undertaken
Slide 10: FY25 Results Overview
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Slide 11: Group Sales Growth
Group Sales Growth Growth in Group sales in each Region Sales Growth by Segment (Region) • Resilient Regional Sales Performance – Sales were steady or 200.0 higher across all key regions versus the prior period. Total sales 180.0 revenue rose 4% to $249.4 million. 160.0 • ANZ Expansion – Growth driv
Slide 12: Group Performance
Group Performance Group sales, EBIT and ROCE¹ Underlying EBIT and Sales Group ROCE 30.0 220.0 250.0 200.0 14.0% 25.0 180.0 Equity plus net debt ($m) 200.0 12.0% Underlying EBIT ($m) 160.0 Sales revenue ($m) 20.0 140.0 10.0% 150.0 120.0 15.0 100.0 8.0% 100.0 80.0 10.0 6.0% 60.0 5.0 50.0 40.0 4.0% 20.
Slide 13: Capital Management
Capital Management Dividend declared (cps) Highlights 15 15 • Sustained shareholder returns – Total dividend of 15 cents per share fully franked, reflecting confidence in earnings 8 8 quality and outlook. Final Interim • Strengthened balance sheet – Net debt reduced by $8 7 7 million, with gearing i
Slide 14: FY25 Financial Summary
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Slide 15: Statement of Profit or Loss
Statement of Profit or Loss Profit or Loss FY25 FY24 $000 $000 Highlights Sales revenue 249,443 239,092 Other revenue 5,491 5,753 Changes in inventories 1,618 (17,955) • Revenue Growth – Group revenue increased 4% to $254.9m, Raw materials and consumables used (131,012) (106,577) driven by Swimart r
Slide 16: Statement of Financial Position
Statement of Financial Position Balance Sheet FY25 FY24 $000 $000 Highlights Cash and cash equivalents 24,522 16,802 Trade and other receivables 33,466 37,584 Inventories 92,661 94,797 • Stronger Balance Sheet – Net assets increased to Other current assets 6,607 4,540 $142.6m (up from $129.8m in FY2
Slide 17: Statement of Cash Flows
Statement of Cash Flows Cash Flows FY25 FY24 $000 $000 Highlights Cash Flows from Operating Activities Receipts from customers 276,800 253,363 Payments to suppliers and employees (249,446) (222,558) • Operating Cash Flow Impacted – Decreased versus Interest received 77 135 Other Income 995 1,268 FY2
Slide 18: Company overview
Company overview 04 18
Slide 19: 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 20: 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 21: 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 68 retail stores strength a
Slide 22: Growth Strategy
Growth Strategy 05 22
Slide 23: 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 24: 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 25: 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 26: Outlook
Outlook 06 26
Slide 27: 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 28: Davey Integration – Synergies Now Being Realised
Davey Integration – Synergies Now Being Realised Turning Plans into Results The integration of Davey is progressing strongly, with cost and revenue synergies now actively delivering measurable outcomes. Cost Synergies in Action • Shared Warehousing & Logistics – Consolidation of storage and freight
Slide 29: Outlook For Next 12 Months
Outlook For Next 12 Months Growth Pillars Outlook • Expand Market Share in Pool & Spa – Leverage Swimart and • Realise Davey Synergies – Capture cost and revenue Davey to drive share gains in a fragmented market. synergies to lift margins and improve operating cash flows. • Broaden Geographic Reach
Slide 30: Appendix
Appendix 07 30
Slide 31: Key Metrics and Definitions
Key Metrics and Definitions Reconciliation to FY25 reported earnings Group definitions Metric ($ million) FY25 FY24 % Change Acquisition costs Business acquisition costs expensed of Davey Water Products EBIT 16.7 22.1 -24% in September 2023. NPBT 12.2 18.3 -33% Reported EBITDA Reported EBIT adding b
Slide 32: 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 33: Investing in the Future – Consolidation of Manufacturing Facilities
Investing in the Future – Consolidation of Manufacturing Facilities Waterco continues to invest for growth with plans to consolidate manufacturing facilities in Malaysia. Benefits include: • Strategic Location – Malaysia’s position in Asia-Pacific makes it an ideal manufacturing and distribution hub
Slide 34: 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 35: 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 36: 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