Reece Group Strategy Update

16 ANZ financial highlights Focus on operational disciplines in softening trading environment. Sales up 2% • Backlog continued to support activity. to moderate during HY24. Adjusted EBIT up 6% • HY24 Growth driven by inflation which continued 31 December 2023 (A$m) HY24 HY23 Var. HY22 Sales revenue 1,972 1,928 2% 1,733 Adjusted EBITDA 307 287 7% 241 Adjusted EBITDA margin 15.6% 14.9% 72bps 13.9% Adjusted EBIT 233 221 6% 181 EBIT 233 198 18% 186 Continued focus on the fundamentals enabled solid performance despite macro headwinds. Disciplined management of cost base and wage inflation. Investment through the cycle to build a stronger business, focus on network standards and digital capability. Reece. Works for you.

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