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Reece Group AGM October 2026
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AGM 2026 Reece. Works for you.2 Disclaimer The material in this presentation has been prepared by Reece Limited (ABN 49 004 313 133) (“Reece") (ASX:REH) and is general background information about Reece's activities current as at the date of this presentation, 30 October 2026. The information is given in summary form and does not purport to be complete. In particular you are cautioned not to place undue reliance on any forward-looking statements regarding Reece's belief, intent or expectations with respect to Reece’s businesses, market conditions and/or results of operations. Although due care has been used in the preparation of such statements, actual results may vary in a material manner. No representation, warranty or assurance (express or implied) is given or made in relation to any forward-looking statement by any person (including Reece). Subject to any continuing obligations under applicable law or any relevant listing rules of the Australian Securities Exchange, Reece disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. Nothing in this presentation shall under any circumstances create an implication that there has been no change in the affairs of Reece since the date of these materials. Information in this presentation, including any forecast financial or other information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters and, in particular, you should seek independent financial advice. Non-IFRS Financial Information Reece uses certain measures to manage and report on its business that are not recognised under Australian Accounting Standards. These measures are collectively referred to as non-IFRS financial measures. Although Reece believes that these measures provide useful information about the financial performance of Reece, they should be considered as supplemental to the measures calculated in accordance with Australian Accounting Standards and not as a replacement for them. Because these non-IFRS financial measures are not based on Australian Accounting Standards, they do not have standard definitions, and the way Reece calculates these measures may differ from similarly titled measures used by other companies. Readers should therefore not place undue reliance on these non-IFRS financial measures. Group definitions are included in the appendix at the end of the presentation. Non-IFRS financial measures have not been subject to audit or review. Note: All financial amounts contained in this presentation are expressed in Australian dollars unless otherwise stated. Any discrepancies between totals and the sum or calculation of components in tables contained in this presentation are due to rounding. Any discrepancies in the calculation of percentage movements in financial amounts from one period to another are due to rounding.
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Full Year Results 2026 Reece. Works for you.3 Agenda Sasha Nikolic Group President & MD Peter Wilson Chairman & CEO Chairman & CEO address 01 Group president address 02 Resolutions 03 Q&A 04 Full Year Results 20263
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Chairman & CEO address Peter Wilson Full Year Results 2026 Reece. Works for you.7
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Reece Group Strategy Reece. Works for you.8 For 100 years our success has been built on the success of our customers. A long-term growth story
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AGM 2026 Reece. Works for you.9 Purpose Building a better world for our customers by being the best. Values Create customers for life Be your best Team first Entrepreneurial spirit Innovate big and small Try. Try. Try. Own it Keep it simple Do the right thing Be humble 2030 vision Be our trade’s most valuable partner. By being easy to do business with. In every branch, on every screen, every day. Strategic priorities Operational excellence Breakthrough innovation Investing for profitable growth Customer Promise Customised service Service Quality Relationships Expertise Reece Blueprint underpins everything we do
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AGM 2026 Reece. Works for you.10 Navigating the cycle Maintain efficient business model through the cycle. Deliver customer promise: ‘Works for You’. Grow through differentiated proposition. Long term approach, supported by ownership structure & balance sheet. Invest & innovate through the cycle. 02 03 04 01
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AGM 2026 Reece. Works for you.11 FY26 overview Remain focused delivering on delivering our 2030 strategy and long-term growth. Sales revenue up 4.5% vs pcp $9.4b Return on capital up 5bps vs pcp 11.9% EPS up 0.7% vs pcp 49.5c EBIT down 2.6% vs pcp $534m Total dividend, per share, fully franked 18.84c
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AGM 2026 Reece. Works for you.12 Our Board Chairman & CEO Peter Wilson Independent Director Jacqueline Chow Lead Independent Director Tim Ford Non-Executive Director Bruce C. Wilson Independent Director Gavin Street Group President & MD Sasha Nikolic Non-Executive Director Andrew Wilson
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Group President & MD address Sasha Nikolic Full Year Results 2026 Reece. Works for you.13
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AGM 2026 Reece. Works for you.14 FY26 result Solid ANZ as volumes recovered; softer US on weak residential construction Sales revenue up 4.5% vs pcp $9.4b ANZ Revenue +8.3% $4.2b EBIT down 2.6% vs pcp $534m EBITDA flat vs pcp $901m US revenue +6.5% $3.5b Net leverage ratio (Dec-25: 1.5x) 1.0x EBITDA
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Full Year Results 2026 Reece. Works for you.15 2030 Vision Our trade's most valuable partner • Customised service • Executing the fundamentals of our business • Leadership training and development Operational excellence • Digitising the customer experience • Using data and AI to empower our people to deliver Customised Service • Supply chain innovation Breakthrough innovation • +27 new branches rolled out in FY26 • Launched next-gen bathroom showroom • Through the cycle investment in digital & AI, employee proposition Investing for profitable growth
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AGM 2026 Reece. Works for you.16 Long-term strategy in the US Building a network of scale in the sunbelt Uplifting standards, range and customer experience Growing team capability and culture New branches since 2018, 292 total. +121 1EBITDA CAGR calculated from FY19 to FY26, on a pre AASB 16 Leases basis EBITDA CAGR1 7% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Sales Revenue US$m 10% CAGR
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AGM 2026 Reece. Works for you.17 Q1 Update Sales growth of 4.3% (+8.7% constant currency) ANZ up 12.8% driven by continued momentum in volumes and mid single digit inflation US sales up 5.6% driven by network expansion and low single digit inflation. LFL sales up 2.4% 210 (107) 2,407 2,617 2,510 Q1 FY26 Sales change (constant currency) Q1 FY27 (constant currency) FX Impact Q1 FY27 (reported) Sales Revenue ($m) +8.7% +4.3% Q1 FY27 trading update metrics are derived from unaudited accounting records of the Group.
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AGM 2026 Reece. Works for you.29 Appendix Group definitions and non-IFRS measures Adjusted EBITDA / Adjusted EBIT Adjusted EBITDA and Adjusted EBIT are non-IFRS financial measures used by Reece for internal management reporting purposes to assess underlying performance. Return on capital (ROC) Adjusted EBIT (12-month rolling basis) divided by shareholders equity plus net debt. Free cash flow Adjusted EBITDA less net movements in working capital, income tax paid and lease payments. Net leverage ratio Net debt over EBITDA (12-month rolling basis) calculated on a pre-AASB16 Leases basis. Available liquidity Cash plus headroom on the Group’s available facilities at period end. Constant currency basis Constant currency basis applies the average 1Q26 AUD/USD foreign exchange rate to current period sales to eliminate the foreign exchange impact when comparing sales against the previous corresponding period. Like for like (LFL) Like for like sales refers to branches that have reported a full 12-month of sales in both the current and prior year. Net financing activities Net financing cash flows excluding dividends and share buyback. Average debt maturity Average debt maturity of drawn funding facilities.