Slide 1: FY25 Investor Presentation ASX Announcement
ASX Announcement 25 August 2025 FY25 Investor Presentation Attached for release is Reece Limited’s FY25 investor presentation for the 12 month period ended 30 June 2025. For further information contact: Georgina Freeman Fiona McGregor Investor Relations Media enquiries Reece Group Reece Group E: geo
Slide 2: Full Year Results 2025
Full Year Results 2025 12 months ended 30 June 2025
Slide 3: 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, 25 August 2025. The information Reece us
Slide 4: Agenda
Peter Wilson Agenda Chairman & CEO 01 FY25 Overview 02 Strategy & Operational update Sasha Nikolic Group President & MD 03 Financial review 04 Outlook Andy Young Group CFO 05 Q&A 3 Agenda Reece. Works for you.
Slide 5: FY25 Overview
01 FY25 Overview 4 Reece. Works for you.
Slide 6: FY25 Group financial overview
FY25 Group financial overview Sales revenue EBITDA EBIT $9.0b $901m $548m down 1% vs pcp down 11% vs pcp down 20% vs pcp EPS Return on capital FY25 total dividend 49c 11.8% 18.36c down 24% vs pcp down 365bps vs pcp per share, fully franked 5 Reece. Works for you.
Slide 7: Strategy & Operational update
02 Strategy & Operational update 6 Reece. Works for you.
Slide 8: Our Blueprint
Our Blueprint Inspired Live the Embrace Execute Deliver by our Reece our 2030 Strategic Customer Purpose Way Vision Priorities Promise 7 Reece. Works for you.
Slide 9: Vision 2030
• Customised service Operational • Executing the fundamentals of our business excellence 2030 • Leadership training and development Vision Accelerating innovation • • • Extending our digital capabilities Enabling the customer experience Product and range development Our trade's most valuable partner
Slide 10: ANZ branch network
ANZ branch network 12 Ongoing investment in network infill and upgrades 127 56 48 188 +15 new branches 188 Organic growth (+10) and 676 41 bolt-on M&A (+5) 16 +15 Continuing to invest in uplifting branch standards branches 9 Reece. Works for you.
Slide 11: Innovating to stay one step ahead of our customers' needs
Innovating to stay one step ahead of our customers’ needs 10 Reece. Works for you.
Slide 12: US branch network
US branch network Ongoing investment to scale and upgrade network +24 new branches Organic growth (+18) and bolt-on M&A (+6) Rebrand complete 267 branches +24 11 Reece. Works for you.
Slide 13: Building capability to support growing network
Building capability to support growing network 12 Reece. Works for you.
Slide 14: Navigating the cycle
Navigating the cycle Focusing on the customer Investment in the business Focus on operational efficiencies 13 Reece. Works for you.
Slide 15: Financial review
03 Financial review 14 Reece. Works for you.
Slide 16: ANZ financial summary
ANZ financial summary Market subdued, volumes remain soft Sales flat • Headline sales supported by bolt-on M&A activity FY25 1H 2H FY25 FY24 Var. % 30 June 2025 (A$m) • Underlying volumes flat, pricing broadly neutral • Six less trading days in 2H vs 1H Sales revenue 1,980 1,902 3,882 3,846 1% EBITD
Slide 17: US financial summary
US financial summary Exposure to RNC continues to impact performance USD FY25 Sales down 5% (US dollars) 30 June 2025 (US$m) 1H 2H FY25 FY24 Var. % • Soft RNC sector impacting demand Sales revenue 1,596 1, 700 3,296 3,452 (5%) • Low single digit deflation in select categories EBITDA 135 128 263 293
Slide 18: Cashflow
Cashflow FY25 • Lower net cash inflow driven by 30 June 2025 (A$m) FY25 FY24 softer demand settings Net cash inflow from operations 600 751 • Capex/sales ratio 2.9% supporting investment in the business Capital Expenditure (258) (258) • Funding for bolt-on M&A Proceeds from sale of assets 9 16 • Ant
Slide 19: Balance sheet
Balance sheet Net working capital Debt • NWC to sales ratio 19% (FY24: 18%) • Increase in net debt driven by lower operating • Increase driven by investment in inventory to net cash flow support network expansion and availability • Net leverage ratio 0.8x (FY24: 0.6x) Net working capital (A$m) FY25
Slide 20: Group performance
Group performance Sales and Adjusted EBIT Return on capital 10,000 800 5,000 25% 3% -1% 9,000 15% 700 4,000 20% 8,000 22% Shareholders equity 600 15% plus net debt ($m) 15% Group sales ($m) Return on capital (%) 7,000 15% Adj EBIT $m 3,000 15% 4% 13% 12% 6,000 500 5,000 2,000 10% 400 4,000 1,000 5%
Slide 21: Capital management priorities
Capital management priorities Enable long-term profitable growth 01. 02. 03. Invest in the Strong balance Returns to business sheet shareholders Organic Pay down debt; Dividends, investments retain flexibility share buyback and M&A for growth 20 Reece. Works for you.
Slide 22: Outlook
04 Outlook 21 Reece. Works for you.
Slide 23: Outlook ANZ
Outlook ANZ Australian single family private housing under construction 110 Outlook remains uncertain, slow recovery 100 anticipated 90 80 Units 000's 70 • Volumes expected to remain soft 60 50 • Rate cuts positive for the housing sector but 40 30 taking time to flow through 20 Jun-19 Jun-19 Jun-21
Slide 24: Outlook US
Outlook US US single and multi family housing under construction Housing market recovery delayed 1,800 1,700 1,600 Units 000's 1,500 Expect market to remain constrained for 1,400 • 1,300 next 12-18 months 1,200 1,100 • Mortgage rates and affordability continue to 1,000 900 weigh on housing activity
Slide 25: Confidence in our long-term approach
Confidence in our long-term approach Strategy unchanged – focused on long-term growth Well capitalised – enabling investment to build a stronger business Large markets – with attractive long-term fundamentals 24 Reece. Works for you.
Slide 26: Q&A
05 Q&A 25 Reece. Works for you.
Slide 27: Appendix
Appendix Reconciliation from Statutory EBIT to EBITDA Reconciliation from statutory EBIT to Adjusted EBIT 30 June (A$m) FY25 FY24 FY23 FY22 FY21 30 June (A$m) FY25 FY24 FY23 FY22 FY21 EBIT (statutory) 548 681 654 578 493 EBIT (statutory) 548 681 654 578 493 Add back/deduct: Add back/deduct: Deprecia
Slide 28: Appendix: Group definitions and non-IFRS measures
Appendix Group definitions and non-IFRS measures Footnotes Adjusted EBITDA Adjusted EBITDA and Adjusted EBIT are non-IFRS financial 1 Australian Bureau of Statistics, Private Sector, Houses, New. / Adjusted EBIT measures used by Reece for internal management reporting purposes to assess underlying p
Slide 29: Works for you.
Works for you.