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RWC 22 February 2021 Reliance Worldwide Corporation Limited Level 26 140 William Street Melbourne Victoria 3000 Australia Tel : +61 ( 0 ) 3 83521400 RWC RESULTS FOR SIX MONTHS ENDED 31 DECEMBER 2020 : REPORTED NET PROFIT AFTER TAX RISES 82 % TO $ 91.4 MILLION , SALES 13 % HIGHER Net sales of $ 642.4 million , up 13 % on the prior corresponding period Net sales up 17 % on a constant currency basis Reported net profit after tax of $ 91.4 million , up 82 % Adjusted net profit after tax¹ of $ 99.3 million , up 56 % EBITDA¹ of $ 166.3 million , up 32 % Strong cash generation with cash flow from operating activities up 17 % to $ 155.6 million and operating cash flow conversion of 94 % of EBITDA Net debt reduction of $ 76.2 million since 30 June 2020 Americas recorded 22 % constant currency sales growth for the half Asia Pacific constant currency sales up 14 % for the period EMEA sales recovered strongly following COVID - 19 lockdowns , up 10 % for the half in constant currency Interim dividend 6.0 cents per share , up 33 % on pcp Reliance Worldwide Corporation Limited ( ASX : RWC ) ( " RWC " or " the Company " ) has today announced its consolidated results for the six months ended 31 December 2020 . KEY ITEMS REVENUE Net sales were $ 642.4 million , up 13 % on the prior corresponding period ( " pcp " ) . Net sales growth on a constant currency basis was 17 % . Sales in all regions were up strongly , driven by favourable demand drivers from increased residential repair and remodelling activity and higher new residential construction volumes . • • Net sales growth in the Americas was 16 % ( 22 % on a constant currency basis ) with the USA recording particularly strong sales growth through retail and hardware channels and from OEM customers . Asia Pacific sales were up 10 % , with external sales up 8 % and inter - company sales up 13 % . • EMEA sales were up 9 % ( up 10 % on a constant currency basis ) with a strong recovery in sales following the relaxation of UK Government restrictions introduced in the prior period to control the spread of COVID - 19 . 1 EBITDA , EBIT , Adjusted NPAT and Adjusted EPS are non - IFRS measures used by RWC to assess operating performance . These measures have not been subject to audit or review . ABN 46 610 855 877 1 rwc.com