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REECE LIMITED — Interim / Quarterly Report 2015
Feb 25, 2015
65683_rns_2015-02-25_9a7099b5-276a-4b61-a15a-f5d8ab62754b.pdf
Interim / Quarterly Report
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Half Yearly Announcement 26 February 2015
Summary
| FY15 | FY14 | Growth | |
|---|---|---|---|
| REVENUE | $1,052m | $844m | 24.6% |
| NPBT* | $106.4m | $86.2m | 23.4% |
| NPAT** | $80.3m | $59.6m | 34.7% |
-
before unrealised gain on foreign exchange contracts
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** after unrealised gain on foreign exchange contracts
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Strong sales performance
Revenue ($m)
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$1,052
$844
$801 $790 $785
$768 $771
$719
$650
$551
$504
$428
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15
Half-Year
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24.6% to $1.05b
-
Inclusion of Actrol Group in the FY15 first half results
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Strong underlying performance of the Reece business
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Integration of Actrol Group on track
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Opened 8 new Reece and 1 Metalflex outlet
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NPBT before unrealised gain on foreign exchange contracts
NPBT ($m)
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$106
$86 $86
$83
$82
$79
$77
$71
$67
$56
$50
$39
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15
Half-Year
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23.4% to $106M
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Record first half result for the Group
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Inclusion of Actrol Group in the FY15 first half results
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Costs growth being actively managed
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Continued investment in the branch network, new products and process improvement
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NPAT after unrealised gain on foreign exchange contracts
NPAT ($m)
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80.3
59.8 59.6
57.6 57.9
54.9
53.3
46.0 45.7
38.8
35.0
27.0
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15
Half-Year
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34.7% to $80.3m
- Unrealised gain on foreign currency contracts of $8.9m driven by the devaluation of the AUD
• Strong underlying performance of Reece business and inclusion of Actrol Group in first half FY15 (note: second half FY15 will include Actrol Group in the prior comparative period)
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Half Yearly Announcement 26 February 2015