Slide 1: FY2025 Full Year Results Presentation
18 August 2025 ASX Announcement FY2025 Full Year Results Presentation Please find attached for immediate release to the market the FY2025 Full Year Results Presentation for GWA Group Limited (GWA). On 18 August 2025 at 10.00 am (AEST), GWA will be hosting a webcast of its FY2025 results briefing. Th
Slide 2: GWA Results Presentation
GWA Results Presentation Full Year ended 30 June 2025 18 August 2025 Confidential
Slide 3: Our Presenters
Our Presenters Calin Scott Urs Meyerhans Craig Norwell Group Chief Financial Officer Managing Director and CEO Group Executive - Sales 2 Confidential
Slide 4: Agenda
Agenda 01 Overview 02 Group Financial Results 03 Business Performance 04 New Products 05 Strategic Update 06 Summary & FY26 Outlook 07 Q&A Appendix 3 Confidential
Slide 5: 1. Overview
1. Overview Confidential
Slide 6: FY25 Headlines
Financial Business Summary & FY25 Headlines Overview New products Strategy update results performance FY26 Outlook Growth in Declining Markets Performance FY25 vs FY24 Execution of Strategy Group Revenue Win the Plumber Up 1.2% > 26,000 technical interactions (FY24: 18,000) Group Normalised EBIT Lea
Slide 7: Commitment to safety
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Commitment to safety • Worker insights – reflects stronger reporting culture & proactive safety mindset • Enhanced leader capability & cultural awareness driving better safety outcomes • Early interve
Slide 8: 2. Group Financial Results
2. Group Financial Results Confidential
Slide 9: FY25 Revenue and Underlying EBIT growth
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook A$m Normalised1 FY25 FY24 % Change Revenue EBITDA 418.5 92.0 413.5 92.6 1.2% -0.6% FY25 Revenue and Underlying EBIT growth EBIT 76.3 74.2 2.8% EBIT Margin % 18.2% 17.9% 0.3pp • Revenue NPAT 46.5 45.6
Slide 10: Sound performance despite softening market conditions in H2
Financial Business Summary & Overview New products Strategy update A$m Normalised1 1H FY25 2H FY25 % Change FY25 results performance FY26 Outlook Revenue 209.9 208.6 -0.6% 418.5 EBITDA 46.3 45.7 -1.3% 92.0 Sound performance despite softening EBIT 38.5 37.8 -1.8% 76.3 market conditions in H2 NPAT 23.
Slide 11: Controlling the Controllables
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Normalised1 EBIT Bridge (A$M) 78.0 Controlling the Controllables 77.0 • Underlying EBIT improvement of 2.8% 2.9 76.3 76.0 • Volume: Group volume in-line with prior year. 0.5 • Price/Mix: Minimal gain
Slide 12: Continued strong cash flow from operations
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Cash flow from Operations A$M FY25 FY24 Continued strong cash flow from operations EBITDA 92.0 92.6 Net movement in Working Capital 8.0 8.0 • Cash Conversion* at 111% due to disciplined working capita
Slide 13: FY25 final dividend of 8.0c per share fully franked
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook FY25 final dividend of 8.0c per share fully franked Dividends – cents/share 8.0 8.0 8.0 6.5 7.0 7.0 7.0 7.5 6.0 6.0 FY21 FY22 FY23 FY24 FY25 Final ordinary Interim ordinary 12 Confidential
Slide 14: Strengthening Financial Position
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Metrics1 30 June 30 June 30 June 2021 2022 2023 30 June 2024 30 June 2025 Strengthening Financial Position Net Debt (A$M) 104.8 138.2 117.0 97.0 85.1 Leverage Ratio (times) • Net debt at lowest level
Slide 15: 3. Business Performance
3. Business Performance Confidential
Slide 16: FY25 Revenue up YoY
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook FY25 Revenue up YoY FY25 Revenue Revenue commentary FY25 v FY24 $ Revenue & % of Group AUD 1H FY25 2H FY25 Australia AUD $m $m 175.8 174.7 • Disciplined execution of strategy with focus on customer sp
Slide 17: Revenue by State (AU)
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Revenue by State (AU) Strong performance across Australia NSW A$m Revenue FY25 FY24 ∆ LY % Change o Growth in Maintenance Plumbers and Care segments offset by significant NSW 114.7 119.0 (4.3) -3.7% r
Slide 18: Revenue by Merchant (AU)
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Revenue by Merchant (AU) Customer A vs PcP Customer B vs PcP 7% Overall Growth in Merchants o ‘Win the Plumber’ momentum continued into FY25 across all states 1HFY25 2HFY25 FY25 1HFY25 2HFY25 FY25 wit
Slide 19: 4. New Products
4. New Products Confidential
Slide 20: Growth opportunities in Residential and Care markets
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Growth opportunities in Residential and Care markets • Liano II range expansion into showers and accessories • Introduction of heated towel rails product category • Kitchen collection expansion with n
Slide 21: 5. Strategy Update
5. Strategy Update Confidential
Slide 22: Good Progress on Strategy
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Good Progress on Strategy Strategic Initiatives Progress1 Win the Plumber o AU Plumber Bundle and Spares parts sales growth +9% on PcP Win the Plumber Care o Win the Plumber milestones o Embedded plum
Slide 23: 6. Summary & FY26 Outlook
6. Summary & FY26 Outlook Confidential
Slide 24: Revenue and EBIT growth in FY25 Summary
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Revenue and EBIT growth in FY25 • FY25 – solid results in declining markets o Delivery of sales and EBIT growth due to AU and UK. o Completion of NZ reset & simplification of operations. Summary o Con
Slide 25: Group Outlook FY26
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Group Outlook FY26 Region Commentary % of Group Sales • Cautious recovery amid structural headwinds Australia • Clearly articulated strategy 84% • Disciplined approach to key strategic opportunities •
Slide 26: Australia FY26 Outlook
Financial Business Summary & Overview New products Strategy update results performance FY26 Outlook Australia FY26 Outlook Market segment GWA Focus Link to Strategy Care Commercial - new office build to remain • Health and Aged care projects flat • Increase product specification with existing builde
Slide 27: Questions
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Slide 28: Disclaimer
Disclaimer o This Presentation contains projections and other prospective statements that represent GWA's assumptions and views, including expectations and projections about GWA's business, the industry in which it operates and management’s own beliefs and assumptions. Such matters require subjectiv
Slide 29: 8. Appendix
CAROMA WETHVEN CLARK Made For Life rf
Slide 30: FY26 Key Assumptions
FY26 Key Assumptions 1 Area Assumption Australian market backdrop BIS total building activity data2 is indicating a softer year in FY26 at -2% Price increase ~4% implemented in Australia and UK from 1 February 2025 D&A (depreciation and amortisation) ~$3.0 - 4.0m excluding the impact of IFRS 16. Inc
Slide 31: Caroma remains our leading brand
Caroma remains our leading brand Segment Category Basins, Sinks, Tubs Project Sub-Segment1 Taps & & Baths 29% Valves & Resi, 16% Showers 17% Other Multi-Res, 38% 1% 2% Merchant 57% Commercial, R&R, 57% 25% Builder 14% Sanitaryware 44% Geography Brand Other United Kingdom Methven 5% 9% 10% New Zealan
Slide 32: Australian Market Context: Quantity Completed Annually
Quantity Completed Annually 31 100,000 120,000 140,000 0 20,000 40,000 60,000 80,000 FY-2000 FY-2001 FY-2002 FY-2003 FY-2004 FY-2005 FY-2006 FY-2007 FY-2008 FY-2009 FY-2010 FY-2011 Actual FY-2012 FY-2013 Source: BIS Oxfords economics FY-2014 FY-2015 Forecast Residential¹ FY-2016 FY-2017 FY-2018 FY-2
Slide 33: Australian Market Context: Commercial and Repair & Renovation
$m Work Done 32 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 FY-2001 FY-2002 FY-2003 FY-2004 FY-2005 FY-2006 FY-2007 FY-2008 FY-2009 FY-2010 FY-2011 FY-2012 Actual FY-2013 FY-2014 FY-2015 Source: BIS Oxfords economics FY-2016 Forecast FY-2017 Commercial¹ FY-2018 FY-2019 FY-2020 FY-2021 Austral
Slide 34: Thank you
Thank you GWA Results Presentation Year ended 30 June 2025 18 th August 2025 Confidential