Slide 1: Reece Group FY26 result
Reece Group FY26 result August 2026
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by Reece Limited (ABN 49 004 Non-IFRS Financial Information 313 133) (“Reece") (ASX:REH) and is general background information about Reece's activities current as at the date of this presentation, 24 August 2026. The information is Reece
Slide 3: Agenda
Agenda 01 02 03 04 05 FY26 Overview Strategy & Financial Review Outlook Q&A Operational update Peter Wilson Sasha Nikolic Andy Young Chairman & Group President Group CFO CEO & MD 3 Full Year Results 2026 Reece. Works for you.
Slide 4: Overview
Overview 4 Full Year Results 2026 Reece. Works for you.
Slide 5: FY26 overview
FY26 overview Solid ANZ as volumes recovered; softer US on weak residential construction $9.4b $901m $534m Sales revenue up 4.5% vs pcp EBITDA flat vs pcp EBIT down 2.6% vs pcp 49.5c 11.9% 18.84c EPS up 0.7% vs pcp Return on capital up 5bps Total dividend, per share, vs pcp fully franked 5 Full Year
Slide 6: Strategy Recap
Strategy Recap Focused on delivering our 2030 vision 6 Full Year Results 2026 Reece. Works for you.
Slide 7: Reece Blueprint underpins everything we do
Reece Blueprint underpins everything we do Purpose Values 2030 vision Strategic priorities Customer Promise Building a better Create customers for life Be our trade’s most Operational Customised world for our Be your best valuable partner. excellence service customers by being By being easy to do th
Slide 8: Navigating the cycle
Navigating the cycle Deliver customer promise: 01 Grow through differentiated ‘Works for You’. proposition. 02 Long term approach, supported by ownership structure & balance sheet. 04 Invest & innovate through Maintain efficient business model the cycle. through the cycle. 03 8 Full Year Results 202
Slide 9: Operational update
Operational update 9 Full Year Results 2026 Reece. Works for you.
Slide 10: Enhancing the customer experience in ANZ
Enhancing the customer experience in ANZ 678 branches Ongoing investment in network, including next-gen bathroom showroom +2 Through the cycle investment in business – digital & AI, employee proposition Supply disruption minimal due to unified network and supply chain approach 10 Full Year Results 2
Slide 11: Innovating to stay one step ahead of our customers' needs
Innovating to stay one step ahead of our customers’ needs 11 Full Year Results 2026 Reece. Works for you.
Slide 12: Building network of scale in the US
Building network of scale in the US 292 branches Investment to scale and upgrade +25 network +25 new branches Anticipate 15-20 new organic branches per annum 12 Full Year Results 2026 Reece. Works for you.
Slide 13: Embedding core capabilities and uplifting the customer experience
Embedding core capabilities and uplifting the customer experience 13 Full Year Results 2026 Reece. Works for you.
Slide 14: Long-term strategy in the US
Long-term strategy Sales Revenue US$m in the US 4,000 3,500 3,000 2,500 2,000 10% Building a network of scale 1,500 CAGR in the sunbelt 1,000 500 0 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Uplifting standards, range and customer experience 7% +121 Growing team capability and culture EBITDA CAGR1 New
Slide 15: Financial review
Financial review 15 Full Year Results 2026 Reece. Works for you.
Slide 16: ANZ financial summary
ANZ financial summary Improved momentum Sales up 8% AUD$m 1H26 2H26 FY26 FY25 Var. % Stronger 2H with solid volume growth Performance mixed across states Inflation contribution ~2% Sales revenue 2,062 2,142 4,204 3,882 8.3% EBITDA 261 271 532 495 7.3% EBITDA margin 12.6% 12.7% 12.6% 12.8% (11bps) EB
Slide 17: US financial summary
US financial summary Challenging market backdrop USD$m 1H26 2H26 FY26 FY25 Var. % Sales up 7% Network expansion supported growth Sales revenue 1,696 1,815 3,511 3,296 6.5% FY26 like-for-like down 1.7%, flat 2H EBITDA 123 128 251 263 (4.5%) RNC remained soft, Non-Res more resilient EBITDA margin 7.3%
Slide 18: Cashflow
Cashflow AUD$m FY26 FY25 Net cash inflow from operations 645 600 Capital expenditure (174) (258) Lower capex spend driven by Proceeds from sale of assets 20 9 timing of investment Dividends paid (110) (157) Cash inflow before acquisitions $401m capital returned to shareholders 381 194 and financing
Slide 19: Balance sheet
Balance sheet Net working capital Debt NWC to sales ratio 19% (FY25: 19%) Reflects investment in the business and partial funding of share buyback Investment in inventory offset by favourable payables timing Net leverage ratio decreased in 2H to 1.0x (Dec 25: 1.5x) Net working capital AUD$m Jun26 De
Slide 20: Return on capital
Return on capital 5,000 25% shareholders equity + net debt (A$m) 4,000 20% 15% 15% Return on capital (%) 3,000 13% 15% 12% 12% 2,000 10% 1,000 5% - 0% FY22 FY23 FY24 FY25 FY26 Shareholders equity Net debt Return on capital Investing through the cycle to support long-term growth 20 Full Year Results
Slide 21: Summary
Summary 21 Full Year Results 2026 Reece. Works for you.
Slide 22: Capital management priorities
Capital management priorities Enabling profitable growth over the long-term 01. 02. 03. Invest in the Strong balance Returns to business sheet shareholders Organic investments and Pay down debt; retain Dividends, M&A flexibility for growth share buyback 22 Full Year Results 2026 Reece. Works for you
Slide 23: Outlook
Outlook ANZ US Long-term focus Continuing to invest and Solid activity pipeline to RNC remains soft, Non-Resi innovate - benefit when the support first half more resilient cycle turns Potential for lead indicators Residential demand unlikely to Key focus: delivering customer to deteriorate through F
Slide 24: Strategy positions Reece for long-term success
Strategy positions Reece for long-term success 01 A trusted brand 02 Long-term focus 03 Diversified business with a differentiated invest to build a by geography, customer proposition stronger business segment, customer; resilient R+R focus 04 Large markets 05 Well capitalised 06 Clear track record
Slide 25: Thank you
Thank you Thank you
Slide 26: Appendix
Appendix Reconciliation from statutory EBIT to EBITDA Reconciliation from statutory NPAT to adjusted NPAT 30 June (A$m) FY26 FY25 FY24 FY23 FY22 30 June (A$m) FY26 FY25 FY24 FY23 FY22 EBIT (statutory) 534 548 681 654 578 NPAT (statutory) 308 317 419 388 392 Add back/deduct: Add back/deduct: (tax eff
Slide 27: Group definitions and non-IFRS measures
Appendix Group definitions and non-IFRS measures Adjusted EBITDA and Adjusted EBIT are non-IFRS financial measures used by Reece for internal management reporting purposes to Adjusted EBITDA / Adjusted EBIT assess underlying performance. Return on capital (ROC) Adjusted EBIT (12-month rolling basis)