Reece Limited · ASX:REH

Reece — H1 FY2015 Earnings Presentation

6 slides from Reece's earnings presentation, Feb 26, 2015

1. Slide 1: Half Yearly Announcement

   For personal use only Half Yearly Announcement 26 February 2015

2. Slide 2: Summary

   Summary For personal use only • Record first half Sales and Profit results FY15 FY14 Growth • Reece delivered strong performance with an improving market REVENUE $1,052m $844m 24.6% • Actrol Group included in the FY15 results (acquisition completed 31/1/2014 and will be included in the second half F

3. Slide 3: Strong sales performance

   Strong sales performance Revenue ($m) For personal use only $1,052  24.6% to $1.05b • Inclusion of Actrol Group in the $844 FY15 first half results $801 $790 $785 $768 $771 $719 • Strong underlying performance of $650 the Reece business $551 • Integration of Actrol Group on $504 track $428 • Opened

4. Slide 4: NPBT before unrealised gain on foreign exchange contracts

   NPBT before unrealised gain on foreign exchange contracts NPBT ($m) For personal use only $106  23.4% to $106M • Record first half result for the $86 $86 $82 $83 Group $79 $77 $71 • Inclusion of Actrol Group in the $67 FY15 first half results $56 $50 • Costs growth being actively managed $39 • Cont

5. Slide 5: NPAT after unrealised gain on foreign exchange contracts

   NPAT after unrealised gain on foreign exchange contracts NPAT ($m) For personal use only 80.3  34.7% to $80.3m • Unrealised gain on foreign currency contracts of $8.9m 59.8 59.6 57.6 57.9 driven by the devaluation of the 54.9 AUD 53.3 46.0 45.7 • Strong underlying performance of 38.8 Reece business

6. Slide 6: Half Yearly Announcement

   For personal use only Half Yearly Announcement 26 February 2015

Reece — H1 FY2015 Earnings Presentation on 6ix