Reliance Worldwide Corp. Ltd. · ASX:RWC
Reliance Worldwide — H1 2026 Earnings Presentation
28 slides from Reliance Worldwide's earnings presentation, Feb 17, 2026
Slide 1: FY26 Interim Results Presentation
FY26 Interim Results Presentation 17 February 2026 RELIANCE WORLDWIDE CORPORATION LIMITED ABN 46 610 855 877
Slide 2: Important Notice
Important Notice This presentation contains general information about Reliance Worldwide Corporation Limited’s activities at the date of presentation (17 February 2026). It is information given in summary form and does not purport to be complete. The presentation is not an offer or invitation for su
Slide 3: HY26 Overview
HY26 Overview Managing temporary headwinds in a soft market while moving forward with significant strategic initiatives Financial Operational performance discipline Significant US tariffs impacted by US delivered progress with mitigation tariffs, weak end strong cash major projects actions on track
Slide 4: HY26 Financial Overview
HY26 Financial Overview All figures in US$ Net sales -4.6% versus pcp1 Adjusted EBITDA -22.5% on pcp $645.4 Underlying sales -1.9% versus pcp $111.4 Adjusted EBITDA margin: 17.3%2 million million Adjusted NPAT Adjusted EPS -31.3% on pcp -31.6% on pcp $52.2 Reported NPAT –34.9% 6.7 Reported EPS -33.7
Slide 5: HY26 Performance Summary
HY26 Performance Summary 31 December 31 December Six months ended: % Change 2025 2024 US$m Net sales 645.4 676.5 (4.6%) Commentary ▪ Underlying net sales were down 1.9% on pcp after adjusting for: Reported EBITDA 111.1 142.8 (22.2%) Adjusted for one-off items1 0.3 1.0 (68.7%) ▪ Pull-forward of deman
Slide 6: Segment results: Americas
Segment results: Americas Underlying sales 3.4% lower due to weaker end markets Americas US$m HY26 HY25 % Change Commentary ▪ Reported sales were 7.2% lower than pcp, due to: Net Sales 408.9 440.6 (7.2%) ▪ Pull-forward of demand in the pcp and exit from selected product Adjusted EBITDA1,2 69.1 92.6
Slide 7: Segment results: Asia Pacific
Segment results: Asia Pacific SharkBite Max launch in the period assisted sales growth Asia Pacific Commentary A$m HY26 HY25 % Change ▪ Net Sales up 0.6% on pcp, driven by: Net Sales 228.1 226.7 0.6% ▪ Launch of SharkBite Max PTC range in the Australian market during the period Adjusted EBITDA1,2 19
Slide 8: Segment results: EMEA
Segment results: EMEA Lower P&H volumes in UK, Continental Europe sales up 5.7% EMEA Commentary £M HY26 HY25 % Change ▪ External sales 1.3% lower than pcp: Net Sales 93.1 94.3 (1.3%) ▪ UK external sales 1.6% lower than pcp Adjusted EBITDA1,2 24.7 27.5 (10.2%) ▪ UK plumbing and heating sales down 1.3
Slide 9: HY26: Reduction in net debt and leverage
HY26: Reduction in net debt and leverage 31 December 31 December Cash flow performance Six months ended: % Change 2025 2024 US$m US$m HY26 HY25 Cash generated from operations 102.6 127.0 (19.2%) Income tax paid (10.3) (18.3) (43.6%) Adjusted EBITDA 111.4 143.8 Net cash inflow from operating activiti
Slide 10: Higher inventories balance driven by tariffs
Higher inventories balance driven by tariffs Increase in inventories offset by lower receivables and higher payables Net working capital US$m 31-Dec-25 30-Jun-25 31-Dec-24 Commentary Trade and other receivables 220.6 231.9 233.0 ▪ Net working capital up slightly on pcp Inventories 343.9 310.8 302.3
Slide 11: RWC Tariffs Update
RWC Tariffs Update Tariff mitigation measures remain on track, but with some changes ▪ Executing extremely well across broad range of projects and ever- Expected Reduction in China Sourced COGS US$m moving tariff goalposts 180 Peak ▪ Sourcing switch from China proceeding largely according to plan 16
Slide 12: Outlook for FY26
Outlook for FY26 Improvement in sequential FY26 second half operating margins expected in each region ▪ FY26 2nd half external sales expected to be up by mid-to high-single digit Key assumptions for full year FY26:2 percentage points on pcp1 Americas ▪ Net cost impact of tariffs on FY26 operating ▪
Slide 13: Global Priorities for 2nd half of FY26 and beyond
Global Priorities for 2nd half of FY26 and beyond New actions underway to counter headwinds (primarily copper) Transform Material selection | product design | manufacturing process | operational footprint Traditional offsets to copper cost remain valid New accelerated actions driven by copper volati
Slide 14: Everything for back-of-wall plumbing…
Our Vision | The complete plumbing global leader Everything for back-of-wall plumbing… The most extensive portfolio of plumbing products and systems... across new aimed at both construction, Residential and repair and Commercial remodel... ...distributed end markets... through wholesale, retail and
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 priorities Strong channel partnerships, based on value creation Differentiated proposition Industry leading brands, recogn
Slide 16: Supplementary Financial Information
Supplementary Financial Information
Slide 17: HY26 Shareholder Distributions
HY26 Shareholder Distributions HY26 Interim HY25 Interim ▪ The interim cash dividend will be paid in US$m CPS US$m CPS Australian dollars at 2.8206 cents per share. The amount has been converted to Australian Total Distribution Amount 30.7 4.0 39.0 5.0 currency using the average exchange rate over t
Slide 18: HY26 Adjustment Items
HY26 Adjustment Items US$ million EBITDA EBIT Tax Expense NPAT HY26 Reported 111.1 75.6 (19.5) 43.7 EMEA: Gain on French warehouse sale (1.0) (1.0) - (0.7) APAC: Holman integration and restructuring 1.3 1.8 (0.4) 1.4 Total one-off costs 0.3 0.8 (0.4) 0.7 Goodwill tax amortisation - - 7.8 7.8 HY26 Ad
Slide 19: Taxation
Taxation 31 December 31 December Six months ended: % Change 2025 2024 US$m Reported net profit before tax 63.3 92.5 (31.6%) Commentary Tax Expense (19.5) (25.3) (22.8%) ▪ The accounting effective tax rate for the period was 30.9% Reported net profit after tax 43.7 67.2 (34.9%) compared with 27.4% in
Slide 20: Segment results in US$
Segment results in US$ Asia Pacific US$m HY26 HY25 % Change Net Sales 149.2 150.3 (0.7%) Adjusted EBITDA1,2 12.9 18.1 (28.9%) Adjusted EBITDA margin (%) 8.6% 12.0% (340bps) 1,2 Adjusted EBIT 4.4 9.2 (52.2%) Adjusted EBIT margin (%) 2.9% 6.1% (320bps) EMEA US$m HY26 HY25 % Change Net Sales 124.8 121.
Slide 21: Debt maturity profile
Debt maturity profile Amount Drawn at Commentary US$ million Facility Limit Expiry 31 December 2025 ▪ Net debt to Adjusted EBITDA was 1.39 times at 31 December 2025 (based on historic EBITDA for a 12-month period ended 31 December Bank Facilities 2025) compared with 1.41 times for the pcp Tranche A1
Slide 22: Industry and market indicators
Industry and market indicators Americas EMEA APAC UK New Orders for Construction: All New Australian New Dwelling Commencements 2,3 4,500 Housing (£m)1 4,250 4,000 250,000 3,750 3,500 3,250 200,000 3,000 2,750 150,000 2,500 2,250 100,000 2,000 1,750 50,000 1,500 1,250 1,000 0 Jul to Oct Jan Apr Jul
Slide 23: RWC strategy
RWC strategy
Slide 24: 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 25: 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 ce-"y 1,200 + - 9 Year CAG
Slide 26: 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 26
Slide 27: US$25.3 billion total addressable market
US$25.3 billion total addressable market RWC is well positioned for growth through product leadership All figures Rough Water-In Rough Water- in US$B Adjacencies Total Plumbing Out Plumbing Drivers of long-term growth: ▪ Large and fragmented landscape ▪ Ageing homes driving R&R 7.5 5.7 30+ 43+ COMME
Slide 28: 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