Riverstone Holdings Limited3Q2020 Corporate Presentation

Disclaimer

This presentation may contain forward looking statements that involve risks and uncertainties. Actual future

performance, outcomes and results may differ materially from those expressed in forward looking

statements as a result of a number of risks, uncertainties and assumptions. Representative examples of

these factors include (without limitation) general industry and economic conditions, interest rate trends,

cost of capital and capital availability, competition from other companies, shifts in customer demands,

customers and partners, changes in operating expenses, including employee wages, benefits and training,

governmental and public policy changes and the continued availability of financing in the amounts and the

terms necessary to support future business. You are cautioned not to place undue reliance on these

presentation and the information contain therein, which are based on current view of management on

future events.

Without prejudice to or derogating from the generality of the foregoing, no representation or assurance is

given by Riverstone that this presentation contain all information that an investor may require. To the extent

permitted by applicable law, Riverstone or its related persons (and their respective directors, associates,

connected persons and/or employees) shall not be liable in any manner whatsoever for any consequences

(including but not limited to any direct, indirect or consequential losses, loss of profits and damages) arising

from the reliance or use of the information contain in this presentation.

Investors are advised to make their own independent evaluation from this presentation, consider their own

individual investment objectives, financial situation and particular needs and consult their own professional

and financial advisers as the legal, business, financial, tax and other aspects as investors may regard as

relevant.

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Group

Financial

Highlights for

3Q2020 Outlook

3

4

Results Overview

3Q2019

(RM ‘000)

2Q2020

(RM ‘000)

3Q2020

(RM ‘000)

Revenue 251,256 347,299 482,341

Gross Profit 51,390 130,596 251,631

Profit Before Tax 41,750 117,237 232,448

Net Profit 35,611 90,925 178,629

As at 30 September

2020

As at 31 December

2019

Cash & Cash Eq

(RM ‘000)427,337 130,409

Quarterly & YOY Comparison

0.0

200.0

400.0

600.0

800.0

1,000.0

1,200.0

2016 2017 2018 2019 2020

148.1205.7 209.8 240.5

279.4

156.7

213.2 214.2239.7

347.3

167.0

187.8239.5

251.3

482.3

Q3

Q2

Q1

Growing Revenues

471.8

* Annual figures may have some discrepancy due to rounding

RM ‘million

5

606.7

663.6

731.5

1,109.0

Revenue

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

2016 2017 2018 2019 2020

43.1 51.8 46.9 46.667.1

38.243.7 48.3 48.3

130.6

43.650.8 46.1 51.4

251.6

Q3

Q2

Q1

Gross Profit

RM ‘million

6

124.9

146.3 141.3 146.3

* Annual figures may have some discrepancy due to rounding

449.4

Gross Profit

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

2016 2017 2018 2019 2020

27.2 33.6 31.1 30.246.6

27.327.1 33.6 32.5

90.9

29.834.3 32.1 35.6

178.6

Q3

Q2

Q1

Net Profit

316.2

84.3

RM ‘million

7

95.1 96.8 98.3

* Annual figures may have some discrepancy due to rounding

Net Profit

Positive Cash Flow Generation From Operating Activities

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

450.0

2016 2017 2018 2019 2020

13.340.4 43.5 50.6 51.7

40.7

37.6 26.3 22.3

170.5

34.3

58.844.7 47.0

184.5

Q3

Q2

Q1

RM ‘million

406.7

88.3

8

136.7114.3

* Annual figures may have some discrepancy due to rounding

119.9

Operating CF

Consistent Dividends since IPO

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

1.29

1.66 1.78

2.652.95 2.95 3.00

3.40 3.45

6.45 6.49

7.006.75

7.40

4.00

Dividends Declared (RM Sen/Share)˜

^ including a special 1 sen

tax-exempt dividend

Dividend Payout Ratio

FY2019 42.0%

FY2018 38.6%

FY2017 40.7%

FY2016 40.0%

FY2015 37.8%

FY2014 36.0%

FY2013 42.4%

FY2012 49.3%

FY2011 48.4%

FY2010 45.5%

FY2009 55.6%^

FY2008 45.2%

FY2007 45.0%

FY2006 28.0%

˜Adjusted for the 1:1 bonus shares

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Group

Financial

Highlights for

3Q2020 Outlook

10

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Group Capacity

• Y2020:10.5 billion

• Y2021:12.0 billion

• Y2022:13.5 billion

• Y2023:15.0 billion

Eco Medi Glove Sdn Bhd – Plant 2

Protective Technology Co Ltd

Riverstone Resources Sdn Bhd

Group Capacity

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Expansion Focus – Plant 3

Ongoing Expansion Plans

• Acquired two parcels of

industrial land in FY2019

(18.4 acres)

• Launched three year

expansion plan in FY2020

(Phase 7 – 9 )

• Total annual capacity of the

Group projected to reach up

to 15.0 billion pieces by end-

FY2023

Eco Medi Glove Sdn Bhd – Plant 3

Group Capacity

Investment Merits

Plan to increase capacity by 1.5 billion pieces of gloves every year

Resilient balance sheet with net cash position and continued ability

to generate positive operating cash flow

Consistent dividend payout since listing

Why we are distinct from our competitors – we have 2 main sources of revenue, namely:

1. High tech cleanroom gloves –own brand, direct to end-user; and

2.Healthcare gloves –consistent demand, resilient to changing market conditions

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In Summary

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▪ Average selling price of healthcare examination gloves increased 10.0% month-on-month (“mom”) from June to October 2020, and 15.0% mom for Novemberand December

▪ Cleanroom gloves grew >30.0% in the first three quarters of 2020. Increasingtrend expected to persist through to 2021

▪ Overall, average selling prices of both healthcare and cleanroom gloves areexpected to continue trending upwards due to strong demand

▪ Two more double lines to be commissioned in November and December 2020

▪ Group will add 1.5 billion pieces of gloves in 2021, with the first line of this newPhase 7 ready in April 2021

▪ All of the new capacity (1.5 billion pieces of gloves) has been booked bycustomers

▪ Two further phases from 2022-2023 (Phase 8 – 9) projected to bring capacity byup to 1.5 billion pieces of gloves per annum to a total of up to 15.0 billion byend-FY2023

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Thank You!

Media & IR Contacts:

Ngo Yit SungDirector

Jonathan WeeConsultant

riverstone@financialpr.com.sg

Tel: (65) 6438 2990

Fax: (65) 6438 0064

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