Riverstone Holdings Limited

FY2015 Results Briefing

25 February 2016

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

4QFY2015 and FY2015

3

Results Overview

Revenue increased 37.0% yoy to RM153.5 million for 4QFY2015

Growing revenue from RM150.6 million in 3QFY2015 or 1.9%

FY2015: RM560.2 million (FY2014: RM399.3 million) or 40.3%

Net profit increased 66.4% yoy to RM37.2 million for 4QFY2015

Growing net profit from RM35.3 million in 3QFY2015 or 5.4%

FY2015: RM126.5 million (FY2014: RM71.0 million) or 78.4%

Continues to generate positive operating free cash flow of RM13.8 million for 4QFY2015 and RM122.1 million for FY2015

Net cash position of RM128.7 million with zero debt

4 4

0

100

200

300

400

500

600

2010 2011 2012 2013 2014 2015

52.8 64.4 73.3 80.8 87.8127.2

54.065.5

78.3 90.4 96.9

129.0

54.771.0

79.094.0

102.7

150.6

60.0

71.879.2

92.7112.0

153.5

1Q 2Q 3Q 4Q

Growing Revenues

272.8

221.5

(RM ‘million)

309.8

357.9

* Annual figures may have some discrepancy due to rounding

399.3

560.2

5

0102030405060708090

100110120130140

2010 2011 2012 2013 2014 2015

10.5 9.4 9.7 11.8 16.027.09.7 10.3 11.0 14.4

16.1

27.0

9.9 10.0 10.515.7

16.5

35.3

10.3 8.9 8.4

16.022.4

37.2

1Q 2Q 3Q 4Q

Net Profit Growth

38.6 40.4

(RM ‘million)

39.7

58.0

* Annual figures may have some discrepancy due to rounding

71.0

126.5

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Year End

31 Dec

As at

31 Dec 2015

(RM’000)

As at

31 Dec 2014

(RM’000)

Net cash and cash equivalents 128,682 79,432

Total borrowings 0 0

Net cash flow from operating activities

122,130

(FY2015)

62,834

(FY2014)

Shareholders equity 481,505 371,552

Net assets (RM Sen per share) 129.95 100.27

Return on equity (“ROE”)

26.3%

(FY2015)

19.1%

(FY2014)

Strong and Healthy Balance Sheet

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Consistent Dividends since IPO

2.583.32 3.56

5.305.90 5.90 6.00

6.80 6.906.45*

0

2

4

6

8

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Dividend Declared (RM Sen/ Share)

Dividend Payout Ratio

FY2015: 37.8%

FY2014: 36.1%

FY2013: 43.5%

FY2012: 53.9%

FY2011: 49.2%

FY2010: 46.4%

FY2009: 53.5%^

FY2008: 45.7%

FY2007: 45.0%

FY2006: 35.5%

^ including a special 1 sen

tax-exempt dividend

* An interim tax-exempt dividend of 2.40 sen (2Q2014: 2.35 sen) (RM) per ordinary share for

FY2015 was paid on 9 Oct 2015. A final dividend of 5.25 (FY2014: 2.30 sen) (RM) has also

been proposed by the Board. After adjusting for 371.2 million 1:1 bonus shares allotted and

issued on 1 February 2016 (bringing total number of shares to 742.5 million), the total full

year dividend was 6.45 sen (RM) 8

Outlook, Growth Plans &

Key Challenges

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Outlook

• Second phase expansion has been completed as at 4QFY2015; Bringing total annual production to 5.2 billion pieces

• Acceleration of Phase 3 commencement to meet increased demands from new and existing customers

• Strong demand for cleanroom gloves for manufacturers of tablets and mobile devices

• Continue to tap on fast-growing market for healthcare gloves

• At least 20% annual growth in volume

10

Expansion Plan

900 1100

1800

2500

3100 3100

4200

5200

6200

7200

8200

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

No. of gloves at the end of each year

Million pieces

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Key Challenges in Glove Industry

Challenge Action

1) Competition Cleanroom: New product for cleanroom mobile/tablet

New marketing strategy (Cleancare & A Clean)

Healthcare : Focus on customised and premium products

2) Increase in cost such as

raw material & labour

etc.

- Automation

- Improve productivity by Lean process and six sigma

- Reduce changeover time by installing an additional line

- Price adjustment

3) Currency fluctuations - Close monitoring of fx movements

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Q & A

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RIVERSTONE HOLDINGS LIMITED Thank You

Media & IR Contacts:

Tok Chong Yap

Senior Consultant

chongyap@financialpr.com.sg

Tel: (65) 6438 2990

Fax: (65) 6438 0064

Stephanie Chong

Senior Associate

stephanie@financialpr.com.sg

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