HY24 Half Year Results Announcement

Reliance Worldwide Corporation Limited (ASX: RWC) (“Company”) announces the following financial results for the Company and its controlled entities (together “RWC”) for the six months ended 31 December 2023.

Strong financial performance

• Strong sales performance in the Americas driven by new product initiatives
• Group operating margins stable, aided by cost management
• Americas operating margin improvement
• EMEA cost savings focus partly offset margin impact of weaker trading conditions
• Strong operating cash flow generation, further reduction in debt and leverage

Significant progress on new product rollouts positioning for growth

• SharkBite Max: strong operational execution, meeting rollout schedule and commercial objectives
• PEX-a: retail rollout completed, wholesale underway
• EZ-Flo gas appliance connectors: expanded retail distribution

FY24 guidance maintained with performance on track

For investor enquiries, please contact:

Phil King
Group Investor Relations Director
Tel: +61 499 986 189
Email: [email protected]