Reece Group Strategy Update

19 Balance sheet HY24 HY24 FY23 31 December 2023 (A$m) Cash 337 373 Trade and other receivables 1,230 1,338 • Strong balance sheet provides flexibility through the cycle. Inventories 1,441 1,505 Other current assets 3 US$300m USPP note issuance, diversifying funding sources and extending average maturity. Total current assets 3,008 3,219 PPE and leases 1,641 1,586 Intangible assets 1,953 2,021 HY24 31 December 2023 HY24 FY23 Other non-current assets 101 98 Total non-current assets 3,695 3,705 Net leverage ratio 0.7x 0.9x Trade and other payables 1,041 1,179 Average debt maturity 5.4 years 3.2 years Other current liabilities 244 242 Available liquidity $1,463m $944m Total current liabilities 1,285 1,421 Interest bearing liabilities 947 1,097 Net debt $610m $725m Other non-current liabilities 798 781 Return on capital employed 16.1% 15.3% Total non-current liabilities 1,745 1,878 Net assets 3,673 3,625 Net tangible assets ratio 2.58 2.41 Reece. Works for you.

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