Reliance Worldwide Corp. Ltd. · ASX:RWC
Reliance Worldwide — Q1 FY2022 Earnings Presentation
7 slides from Reliance Worldwide's earnings presentation, Oct 26, 2021
Slide 1: FY22 First Quarter Trading Update
FY22 First Quarter Trading Update 26 October 2021 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 (26 October 2021). It is information given in summary form and does not purport to be complete. The presentation is not an offer or invitation for sub
Slide 3: Summary of Q1 FY22 Performance
Summary of Q1 FY22 Performance US$m Q1 FY21 Q1 FY22 % Change 2-Year CAGR Commentary Q120 – Q122 ▪ Sales growth in all 3 regions - underlying demand Net Sales 227.1 246.0 8.3% 13.4% remained strong driven by investment in home repair and remodelling Reported EBITDA 63.5 66.3 4.4% 28.7% ▪ Supply chain
Slide 4: Americas
Segment results: Americas Net sales up 4.5% over pcp, up 27.4% on a 2-year pcp basis US$m Q1 FY21 Q1 FY22 % Commentary Net Sales 142.5 148.9 4.5% ▪ Sales growth driven primarily by price increases and new product revenues. Adjusted EBITDA 29.9 27.7 -7.4% Adjusted EBITDA Margin 21.0% 18.6% -240bps ▪
Slide 5: Asia Pacific
Segment results: Asia Pacific Strong sales growth of 16.5% on pcp, up 19.8% on a 2-year pcp basis A$m Q1 FY21 Q1 FY22 % Commentary Net Sales 69.2 80.6 16.5% ▪ APAC sales growth reflected strong domestic demand in Australia and continued growth in inter-company Adjusted EBITDA 16.6 18.3 10.2% sales t
Slide 6: EMEA
Segment results: EMEA Net sales up 9% on pcp, up 15% on a 2-year pcp basis GBPm Q1 FY21 Q1 FY22 % Commentary Net Sales 49.8 54.3 9.0% ▪ Continental Europe sales up strongly as economies opened up - water filtration and drinks dispense Adjusted EBITDA 16.7 17.6 5.4% product volumes positively impacte
Slide 7: Outlook for FY22
Outlook for FY22 1 Demand steady, rising costs to be mitigated by prices increases and cost-out actions ▪ The outlook for RWC’s key markets in FY2022 remains positive from a demand perspective: • Market fundamentals signal steady demand underpinned by increased home remodelling activity and higher l