Reliance Worldwide Corp. Ltd. · ASX:RWC
Reliance Worldwide — FY2025 Earnings Presentation
30 slides from Reliance Worldwide's earnings presentation, Aug 19, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 19 August 2025
Slide 2: Important Notice
Important Notice This presentation contains general information about Reliance Worldwide Corporation Limited’s activities at the date of presentation (19 August 2025). It is information given in summary form and does not purport to be complete. The presentation is not an offer or invitation for subs
Slide 3: FY25 Overview
FY25 Overview Contribution from Holman and strong execution offset weak end markets US tariff Continued Manufacturing mitigation progress in and operational Resilient actions RWC/Holman footprint financial embedded in integration and changes performance sourcing and sales implemented operations init
Slide 4: FY25 Financial Highlights
FY25 Financial Highlights All figures in US$ Net sales +5.5% growth overall1 Adjusted EBITDA +1.1% on pcp $1,314.7 -0.5% excluding Holman and Supply Smart $277.7 Adjusted EBITDA margin: 22.3%2 million million Adjusted NPAT Adjusted EPS +0.6% on pcp +1.6% on pcp $147.7 Reported NPAT +13.6% 19.0 Repor
Slide 5: FY25 Performance Summary
FY25 Performance Summary Year ended: 30 June 2025 30 June 2024 % Change US$m Net sales 1,314.7 1,245.8 5.5% Commentary ▪ Net sales up 5.5% on pcp Reported EBITDA 269.8 247.5 9.0% ▪ Excluding Holman and Supply Smart, sales 0.5% lower than pcp Adjusted for one-off items1 7.9 27.1 (70.7%) ▪ Volumes wer
Slide 6: Segment results: Americas
Segment results: Americas Underlying sales 0.6% lower than pcp due to weak remodel end markets Americas US$m FY25 FY24 % Change Commentary Net Sales 858.9 877.7 (2.1%) ▪ Net sales were 2.1% lower than pcp due to weaker demand from discretionary remodel end markets Adjusted EBITDA1,2 182.3 184.3 (1.1
Slide 7: Segment results: Asia Pacific
Segment results: Asia Pacific Sales up 45% driven by the Holman acquisition in March 2024 Asia Pacific A$m FY25 FY24 % Change Commentary ▪ Net Sales up 44.6% on pcp: Net Sales 419.5 290.1 44.6% ▪ A$184.9m in sales from Holman Adjusted EBITDA1,2 39.7 33.3 19.3% ▪ External sales excluding Holman up 2.
Slide 8: Segment results: EMEA
Segment results: EMEA Lower P&H volumes in UK, underlying Continental Europe sales up 1.3% EMEA Commentary £M FY25 FY24 % Change ▪ Net Sales 4.2% lower than pcp: Net Sales 200.5 209.4 (4.2%) ▪ UK external sales 4.0% lower than pcp Adjusted EBITDA1,2 57.7 61.3 (5.9%) ▪ UK plumbing and heating sales d
Slide 9: FY25: Lower leverage due to $90m reduction in net debt
FY25: Lower leverage due to $90m reduction in net debt Year ended: 30 June 2025 30 June 2024 % Change Cash flow performance US$m US$m FY25 FY24 Cash generated from operations 271.1 314.2 (13.7%) Adjusted EBITDA 277.7 274.6 Income tax paid (38.1) (39.8) (4.3%) Cash generated from operations 271.1 314
Slide 10: Working capital stable, capital expenditure down yoy
Working capital stable, capital expenditure down yoy Net working capital US$m 30-Jun-25 30-Jun-24 Trade and other receivables 231.9 238.8 Commentary ▪ Net working capital increased slightly from 30 June 2024: Inventories 310.8 292.8 ▪ Inventories $18m higher due to the impact of tariffs and Trade an
Slide 11: RWC Tariff Update: Sourcing
RWC Tariff Update: Sourcing RWC has moved quickly to further diversify product sourcing beyond China ▪ ~48% of Americas COGS is sourced outside the US and Expected Reduction in China Sourced COGS potentially subject to tariffs 180 US$m Peak ▪ Sourcing is being actively switched from China to countri
Slide 12: RWC Tariff Update: Expected Financial Impact
RWC Tariff Update: Expected Financial Impact Aim to maintain gross margin dollars by fully offsetting tariffs through mitigation efforts Financial Impact of US Tariffs ▪ Price increases to mitigate tariffs are in the process of FY26: ▪ Expected net cost impact of tariffs on FY26 EBITDA in the being
Slide 13: Outlook for FY26
Outlook for FY261 No improvement in activity levels in RWC’s key markets is expected in first half of FY26 First Half FY26 Trading Outlook For the first six months of trading in FY26: The following key assumptions are provided for the full year FY26: ▪ RWC expects consolidated external sales to be b
Slide 14: Global Priorities FY26
Global Priorities FY26 Tariff mitigation remains our #1 one priority, but we continue to invest for the long-term Focus area Activity Outcome ▪ Everyone safe, every day People, Safety & Culture ▪ Keep safety our No.1 priority ▪ Progress our Sustainability priorities ▪ Positive impact on our people,
Slide 15: Long-term growth
Long-term growth RWC is well prepared and ideally positioned to capitalise as volumes recover Strong leadership in the Regions and at the Centre, with global alignment on Talent the priorities Step change in capabilities and global alignment enabled by continuous work Tools & processes on the busine
Slide 16: Supplementary Financial Information
Supplementary Financial Information
Slide 17: FY25 Shareholder Distributions
FY25 Shareholder Distributions FY25 Interim FY25 Final FY25 Total FY24 Total US$m CPS1 US$m CPS1 US$m CPS1 US$m CPS1 Total Distribution Amount 39.3 5.0 38.7 5.0 78.0 10.0 74.9 9.5 ▪ The final cash dividend will be paid in Australian dollars at 0.65188 cents - Dividend 19.6 2.5 19.4 2.5 39.0 5.0 37.4
Slide 18: FY25 Adjustment Items
FY25 Adjustment Items US$ million EBITDA EBIT Tax Expense NPAT FY25 Reported 269.8 200.4 (48.5) 125.0 Americas: DC rationalisation 0.3 0.8 (0.3) 0.5 EMEA: Manufacturing footprint rationalisation 4.0 4.0 - 4.0 APAC: Holman integration and synergy realisation 3.6 3.6 (1.0) 2.7 costs Total one-off cost
Slide 19: Taxation
Taxation Year ended: 30 June 2025 30 June 2024 % Change US$m Reported net profit before tax 173.5 156.5 10.9% Commentary Tax Expense (48.5) (46.4) 4.5% ▪ The accounting effective tax rate for the period was 28.0% compared with 29.6% in the pcp Reported net profit after tax 125.0 110.1 13.5% ▪ This r
Slide 20: Segment results in US$
Segment results in US$ Asia Pacific US$m FY25 FY24 % Change Net Sales 272.5 190.3 43.2% Adjusted EBITDA1,2 26.0 22.0 18.3% Adjusted EBITDA margin (%) 9.6% 11.6% (200bps) Adjusted EBIT1,2 8.9 10.4 (14.4%) Adjusted EBIT margin (%) 3.3% 5.5% (220bps) EMEA US$M FY25 FY24 % Change Net Sales 259.4 263.6 (
Slide 21: Debt maturity profile
Debt maturity profile Amount Drawn Commentary US$ million Facility Limit Expiry at 30 June 25 ▪ Net debt to Adjusted EBITDA was 1.30 times at 30 June 2025 (based on historic EBITDA for a 12-month period ended 30 June 2025) Bank Facilities compared with 1.59 times for the pcp Tranche A1/Facility A 24
Slide 22: Macro-economic indicators
Macro-economic indicators Americas EMEA APAC UK New Orders for Construction: All New 4,500 Housing (£m)1 Australian New Dwelling Commencements2,3 4,250 4,000 230,000 3,750 3,500 210,000 3,250 190,000 3,000 170,000 2,750 2,500 150,000 2,250 130,000 2,000 110,000 1,750 90,000 1,500 1,250 70,000 1,000
Slide 23: RWC strategy
Plumbing Matters. We Make It Better.” RWC strategy
Slide 24: Our Vision | The complete plumbing global leader
Our Vision | The complete plumbing global leader Everything for back-of-wall plumbing... * ..distributed through wholesale, retail and OEM aimed at both d WY channels. Residential and Commercial end markets... SJ Themost extensive portfolio of plumbing products and systems...
Slide 25: Strategy Overview
Strategy Overview RWC seeks to create value through product leadership Solutions for Value for the Industry leading the job site distributor execution Smart product solutions that improve Increasing value for the distributor Premium quality products and contractor productivity, enable the DIYer, whi
Slide 26: Effect of Initiatives
Our Growth Model Our Growth Story The power of organic market Revenue growth since IPO in 2016 has growth combined with the strength been driven by a combination of organic of initiatives and aquisitions. growth initiatives and acquisitions. RWC Net Sales US$m 1,400 Growth om 1,200 - 9 Year CAGR 15%
Slide 27: RWC is well positioned for long-term growth
RWC is well positioned for long-term growth Large and fragmented landscape RWC’s Total Addressable Market >US$25B Few large players Enduring tail winds Labour shortage Ageing homes Sustainability investments Differentiated proposition Save time Make jobs easier Tier 1 brands 27
Slide 28: $25.3 billion total addressable market
$25.3 billion total addressable market Water-In plumbing represents approx. 60%, Water-Out approx. 40% of TAM Rough Water-In Rough Water-Out US$Bn Adjacencies Total Plumbing Plumbing Commercial New 7.5 5.7 30+ 43+ and R&R Residential New 3.3 1.8 9+ 14+ Residential R&R 4.9 2.2 7+ 14+ Total 15.6 9.7 4
Slide 29: RWC has significant growth opportunity in end markets
RWC has significant growth opportunity in end markets RWC has healthy share of market with room for growth Est. Market size1 RWC Share RWC share Market size Growth areas are similar US $19.9B ~4% across all 3 regions: ▪ Residential repair & remodel Australia $1.7B ~12% ▪ Residential new construction
Slide 30: RWC's Capital Management approach
RWC’s Capital Management approach Capital management approach aims to minimise the cost of capital and ensure ongoing access to funding to meet future requirements Strong Financial Value creation Capital management Focus Improving long term Organic Capital Capital Consistent Capital Acquisitions mar