Reece Limited · ASX:REH

Reece — Shareholder Meeting (October 2016)

34 slides from Reece's shareholder meeting presentation, Oct 27, 2016

1. Slide 1: AGM 2016

   For personal use only AGM2016

2. Slide 2: Our purpose

   For personal use only lìê=éìêéçëÉ To improve the lives of our customers and our people by striving for greatness every day. Daily mantra Strive for greatness every day.

3. Slide 3: FY16 Major Activity

   For personal use only FY16 Major Activity Financial Customer Leadership Performance Supply Chain Technology Branch Network

4. Slide 4: Financial Performance

   For personal use only FINANCIAL PERFORMANCE

5. Slide 5: Sales ($m)

   For personal use only Sales ($m) FY15 - $2,085 FY16 - $2,276

6. Slide 6: Sales ($m) FY06-FY16

   For personal use only Sales ($m) $2,276 $2,085 $1,776 $1,564 $1,535 $1,507 $1,503 $1,519 $1,437 $1,309 $1,113 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

7. Slide 7: EBIT ($m)

   For personal use only EBIT ($m) FY15 - $237 FY16 - $289

8. Slide 8: EBIT ($m) FY06-FY16

   For personal use only EBIT ($m) $289 $237 $189 $176 $165 $164 $165 $164 $151 $149 $125 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

9. Slide 9: EBIT/Sales (%)

   For personal use only EBIT/Sales (%) FY15 - 11.4 FY16 - 12.7

10. Slide 10: EBIT / Sales (%) FY06-FY16

    For personal use only EBIT / Sales (%) 12.7% 11.5% 11.5% 11.3% 11.4% 11.2% 10.9% 10.9% 10.7% 10.6% 9.9% FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

11. Slide 11: NPAT ($m)

    For personal use only NPAT ($m) FY15 - $166 FY16 - $192

12. Slide 12: NPAT ($m) FY06-FY16

    For personal use only NPAT* ($m) $192 $166 $119 $123 $119 $114 $114 $113 $103 $97 $87 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 *after unrealised gain on foreign exchange contracts

13. Slide 13: Net Assets ($m)

    For personal use only Net Assets ($m) FY15 - $926 FY16 - $1,041

14. Slide 14: Net Assets ($m) FY06-FY16

    For personal use only Net Assets ($m) $1,041 $926 $827 $766 $707 $654 $595 $533 $491 $433 $376 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

15. Slide 15: NPBT ($m)

    For personal use only NPBT ($m) ($47) ($8) ($1) 2016 $335 $289 $280 EBITDA Depreciation EBIT Interest FX NPBT ($44) ($9) $10 2015 $282 $237 $238 EBITDA Depreciation EBIT Interest FX NPBT

16. Slide 16: Customer Highlights

    For personal use only CUSTOMER HIGHLIGHTS

17. Slide 17: Customer Highlights

    For personal use only Customer Highlights Strong customer New Improved Growing NPS innovative online the Reece (net promoter score) products experience Brand

18. Slide 18: Leadership Highlights

    For personal use only LEADERSHIP HIGHLIGHTS

19. Slide 19: Leadership Highlights

    For personal use only Leadership Highlights Increased Revised staff Refreshed the performance engagement Reece Way appraisal process

20. Slide 20: Supply Chain Highlights

    For personal use only SUPPLY CHAIN HIGHLIGHTS

21. Slide 21: Supply Chain Highlights

    For personal use only Supply Chain Highlights Perth Sydney DC Distribution Distribution Strategy Centre fully Centre near Complete operational completion

22. Slide 22: Technology Highlights

    For personal use only TECHNOLOGY HIGHLIGHTS

23. Slide 23: Technology Highlights

    For personal use only Technology Highlights Improved customer experience Actrol and Enhanced Metalflex system Launched delivery app business integration information complete

24. Slide 24: Branch Network

    For personal use only BRANCH NETWORK

25. Slide 25: Branch network additions

    For personal use only +6

26. Slide 26: Sustainability

    For personal use only SUSTAINABILITY

27. Slide 27: Solar Energy

    For personal use only Solar Energy

28. Slide 28: Reece Grant: A community water initiative

    REECE GRANT A community water initiative

29. Slide 29: FY2017 Outlook

    For personal use only FY2017 OUTLOOK

30. Slide 30: National Housing Market

    For personal use only National Housing Market 229,600 250,000 5% 214,008 11% 200,000 192,907 205,150 3% -11% 150,000 100,000 50,000 Commencements Completions 0 Source: ABS, BIS Shrapnel

31. Slide 31: Alterations & Additions

    For personal use only Alterations & Additions () Source: ABS, BIS Shrapnel

32. Slide 32: Consumer Sentiment

    For personal use only 100.0 110.0 120.0 130.0 70.0 80.0 90.0 Jul-06 Oct-06 Source: Westpac Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Consumer Sentiment Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 O

33. Slide 33: FY16 Summary

    For personal use only FY16 SUMMARY Reece is in Bouyant Continuing to a strong housing Deliver on our invest in the position market new purpose business

34. Slide 34: AGM 2016

    For personal use only AGM 2016

Reece — Shareholder Meeting (October 2016) on 6ix