Financials Reece Limited

Equities

Market Closed - Australian S.E. Other stock markets 02:10:25 2025-07-11 am EDT			5-day change	1st Jan Change
13.47 ^AUD	-0.37%		-7.49%	-39.81%

Jul. 02	Reece Limited Announces Resignation of Megan Quinn as Non-Executive Director, Effective 2 July 2025	CI
Jun. 27	Australian Shares Fall Despite US-China Deal; Wesfarmers Sells Unit for AU$142.6 Million to BWP Trust	MT

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,014	6,271	7,654	8,840	9,105	8,753	8,961	9,446
Change	-	4.28%	22.05%	15.49%	3%	-3.87%	2.38%	5.42%
EBITDA ¹	649.6	720	838.3	975	1,007	904.4	940.6	1,020
Change	-	10.84%	16.43%	16.31%	3.26%	-10.17%	4.01%	8.46%
EBIT ¹	413.2	492.7	578.2	654	681.4	557.5	583.7	652.3
Change	-	19.24%	17.34%	13.11%	4.19%	-18.18%	4.7%	11.75%
Interest Paid ¹	-110.9	-112.3	-68.8	-86.26	-91.81	-92.16	-86.59	-73.62
Earnings before Tax (EBT) ¹	312.5	380.3	509.4	567.8	589.6	466.5	474.6	558.1
Change	-	21.69%	33.95%	11.47%	3.83%	-20.88%	1.73%	17.59%
Net income ¹	229	286	392.5	388	419.2	329	350.2	404
Change	-	24.89%	37.23%	-1.14%	8.03%	-21.5%	6.42%	15.38%
Announcement Date	8/26/20	8/24/21	8/23/22	8/22/23	8/18/24	-	-	-

¹AUD in Million

Estimates

Fiscal Period: June	2021 S2	2022 S1	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1
Net sales ¹	3,197	-	4,437	4,403	4,537	4,567	4,402	4,725	4,825	5,031	4,916
Change	-	-	-	-0.78%	3.06%	0.67%	-3.61%	7.34%	2.1%	4.28%	-2.3%
EBITDA	370.6	-	495	479.6	526.1	480.7	-	-	-	-	-
Change	-	-	-	-3.11%	9.71%	-8.64%	-	-	-	-	-
EBIT ¹	256.2	-	325.4	328.7	367.1	314.3	304.5	283.5	334	306.1	357.8
Change	-	-	-	1.03%	11.67%	-14.39%	-3.11%	-6.91%	17.82%	-8.35%	16.88%
Charge d'intérêts ¹	-45.73	-	-37.31	-48.95	-46.01	-45.8	-45.86	-47.5	-	-	-
Earnings before Tax (EBT)	-	-	288.1	-	-	268.5	258.7	-	-	-	-
Change	-	-	-	-	-	-	-3.66%	-	-	-	-
Net income	163	157.1	185.9	201.7	223.6	195.5	180.9	-	-	-	-
Change	-	-3.61%	18.36%	8.47%	10.89%	-12.56%	-7.5%	-	-	-	-
Announcement Date	8/24/21	2/24/22	2/21/23	8/22/23	2/26/24	8/18/24	2/23/25	-	-	-	-

¹AUD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,476	507	870	725	518	456	266	93.2
Change	-	-65.65%	71.6%	-16.67%	-28.55%	-11.97%	-41.67%	-64.96%
Announcement Date	8/26/20	8/24/21	8/23/22	8/22/23	8/18/24	-	-	-

¹AUD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	83.33	69.61	184.2	177	258	242.6	241.7	251.4
Change	-	-16.47%	164.67%	-3.93%	45.75%	-5.96%	-0.36%	4%
Free Cash Flow (FCF) ¹	517.6	302	37.55	690	492.9	528.9	547.3	579.5
Change	-	-41.65%	-87.57%	1,737.35%	-28.56%	7.3%	3.47%	5.89%
Announcement Date	8/26/20	8/24/21	8/23/22	8/22/23	8/18/24	-	-	-

¹AUD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	10.8%	11.48%	10.95%	11.03%	11.06%	10.33%	10.5%	10.8%
EBIT Margin (%)	6.87%	7.86%	7.55%	7.4%	7.48%	6.37%	6.51%	6.91%
EBT Margin (%)	5.2%	6.06%	6.66%	6.42%	6.48%	5.33%	5.3%	5.91%
Net margin (%)	3.81%	4.56%	5.13%	4.39%	4.6%	3.76%	3.91%	4.28%
FCF margin (%)	8.61%	4.82%	0.49%	7.81%	5.41%	6.04%	6.11%	6.13%
FCF / Net Income (%)	226.04%	105.6%	9.57%	177.84%	117.6%	160.74%	156.3%	143.44%
Profitability
ROA	4.23%	4.58%	6.17%	5.73%	5.98%	4.94%	5.35%	5.79%
ROE	9.66%	10.13%	12.64%	11.16%	11.16%	8.19%	8.12%	8.87%
Financial Health
Leverage (Debt/EBITDA)	2.27x	0.7x	1.04x	0.74x	0.51x	0.5x	0.28x	0.09x
Debt / Free cash flow	2.85x	1.68x	23.16x	1.05x	1.05x	0.86x	0.49x	0.16x
Capital Intensity
CAPEX / Current Assets (%)	1.39%	1.11%	2.41%	2%	2.83%	2.77%	2.7%	2.66%
CAPEX / EBITDA (%)	12.83%	9.67%	21.98%	18.15%	25.62%	26.83%	25.7%	24.64%
CAPEX / FCF (%)	16.1%	23.05%	490.58%	25.65%	52.34%	45.87%	44.17%	43.38%
Items per share
Cash flow per share ¹	1.05	0.5726	1.007	1.187	1.163	1.041	1.053	1.145
Change	-	-45.46%	75.93%	17.83%	-2.02%	-10.48%	1.12%	8.78%
Dividend per Share ¹	0.12	0.18	0.225	0.25	0.2575	0.1911	0.2148	0.2522
Change	-	50%	25%	11.11%	3%	-25.8%	12.42%	17.41%
Book Value Per Share ¹	4.257	4.471	5.141	5.612	6.013	6.484	6.77	7.226
Change	-	5.03%	14.98%	9.17%	7.14%	7.84%	4.41%	6.73%
EPS ¹	0.4	0.44	0.61	0.6	0.65	0.5109	0.5441	0.6279
Change	-	10%	38.64%	-1.64%	8.33%	-21.4%	6.5%	15.4%
Nbr of stocks (in thousands)	645,984	645,984	645,984	645,984	645,984	645,984	645,984	645,984
Announcement Date	8/26/20	8/24/21	8/23/22	8/22/23	8/18/24	-	-	-