REECE LIMITED — Earnings Release 2017

Aug 30, 2017

FY 2017 Full Year Results Announcement 31[st] August 2017

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Snapshot

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Sales Revenue

6.7% to $2,429m

NPBT

• 8.3% to $303m

• Record sales, profit and dividends in FY 2017

• Continued to invest in new products, our branch network and digital capabilities

NPAT

• 10.2% to $212m

Dividends

• 8.7% to $1.00

• Culture of delivering great customer service

• Strength of business evident in operating performance

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Record sales performance

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CAGR
12.2%
$2,429
$2,276
$2,085
$1,776
$1,535
FY13 FY14 FY15 FY16 FY17
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Sales Revenue 6.7% to $2,429m

• Underlying business delivering exceptional growth

• Leveraging supply chain to deliver market leading products and services

• Building activity slowing down, Reece momentum still strong

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Increased NPBT

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*before unrealised gain/loss on foreign exchange contracts

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CAGR
16.7% $303
$281
$228
$185
$163
FY13 FY14 FY15 FY16 FY17
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Profit Before Tax
8.0% to $303m
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• Invested in our people and technology

• Improved customer satisfaction

• Invest in the branch network to continue to deliver great customer service

• Strong free cash flow allowing reduction in debt and interest costs

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Increased NPAT

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*after unrealised gain/loss on foreign exchange contracts

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CAGR
15.4%
$212
$192
$166
$123
$119
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Profit After Tax* 10.2% to $212m

• Strong earning over past five years allowing re-investment in business and exception returns

• Record result delivering value to customers and shareholders

FY13

FY14

FY15

FY16

FY17

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Record dividend

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CAGR
12.7% $1.00
$0.92
$0.76
$0.64
$0.62
FY13 FY14 FY15 FY16 FY17
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Dividends

8.7% to $99.6m

• Record total dividends declared for FY 2017 up 8 cents to $1.00 per share

• Final dividend of 71 cents per fully franked share

• 12.7% dividend CAGR over FY 2013 to FY 2017

FY 2017 Full Year Results

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Announcement 31[st] August 2017