• RWC is well-positioned for long-term growth in a large and fragmented plumbing market
• RWC is taking swift action to mitigate the impact of US tariffs, including diversifying product sourcing and implementing price increases
• RWC expects the direct impact of US tariffs on FY27 EBITDA to not be material

RWC, the Reliance Worldwide Corporation Ltd, presented at the Macquarie Conference, providing an overview of its business and growth strategy. RWC highlighted that it is well-positioned for long-term growth in the large and fragmented plumbing market, with a portfolio of trusted brands and products that deliver smart solutions for both residential and commercial customers. The company outlined its model for growth, which combines organic initiatives and strategic acquisitions. RWC estimates its total addressable market to be over US$25 billion, with significant growth opportunities across residential repair and remodel, residential new construction, and commercial plumbing. The company discussed its key brands and products that enable it to pursue growth across these segments. Regarding the impact of US tariffs, RWC has acted swiftly to ramp up mitigation efforts, including assessing product-level impacts, implementing pricing adjustments, and rapidly diversifying its product sourcing away from China. RWC expects the direct impact of US tariffs on its FY27 EBITDA to not be material, as it aims to fully offset the tariffs through these mitigation efforts. The company also provided an update on its FY25 trading outlook, with guidance for external sales, operating margin, and performance across its regional segments.

For FY26, RWC expects a net cost impact of tariffs on EBITDA in the range of US$25 million to US$35 million, based on current tariff rates. For FY27, the direct impact of US tariffs on EBITDA is not expected to be material, assuming no reduction in sales volumes.