1Q FY2010 Analyst Briefing

- Riverstone Holdings Limited -

27 April 2010

1

Agenda

Overview of Riverstone

Our Competitive Strengths

Our Track Record

1Q FY10 Update

Earnings Drivers and Outlook

2

What We Do

Riverstone is

a leading manufacturer of

Cleanroom Gloves

and

Healthcare Gloves

OUR VISIONTo stay as the global leader in the manufacturing

of Cleanroom and Healthcare consumables

3

Products

• Other cleanroom

consumables

•Face pouches

•Hoods,Caps

•Jumpsuits

•Shoe covers

•Critical task wipes

•Swabs

Manufactured

Products

Source

& Market

Products

• Nitrile gloves

• Natural rubber gloves

• Other cleanroom

consumables

•Finger cots

•Packaging materials

•Facemasks

Riverstone

– An Integrated Cleanroom Supplier -

4

Our Market Position

RS

Cleanroom

Gloves

Riverstone is the only company that focuses on cleanroom gloves

Heathcare

Gloves

Industrial

Gloves

5

Our Market Position

Heathcare

Gloves

Profit

Margin

Riverstone is the only company that focuses on cleanroom gloves

Cleanroom

Gloves

Profit

Margin

6

Our Manufacturing Facilities

Integrated manufacturing

operations

Malaysia (3), Thailand (1), China (1)

Internationally NEBB certified

class 10 & class 100 cleanroom

facilities

ISO 9000 and ISO 1400 certification

Annual Capacity as at 31 Mar 2010

1.1 billion gloves

More than 600 million pieces of finger

cots

More than 1,500 tonnes of cleanroom

packaging materials

Malaysia Plant in Bukit Beruntung,Selangor

China Plant

Thailand Plant

7

Product Mix

Product Revenue

contribution

Remark

Cleanroom Gloves 81.3% 1. Cleanroom glove

- Nitrile 12.5%

- Latex

- PVC 40%

- Cotton

2. Market Value = USD 1 billion

Healthcare Gloves 13.3% Annual global consumption – 145

billion pieces

Annual growth rate: 8-10%

Current RS production – 0.2% of

global consumption. Room to grow.

Other CR

consumables

5.4% Good potential to grow with new

facilities

Esp. Cleanroom packaging bags

8

The Industries We Serve

High-Tech Electronics Manufacturing

Hard Disk Drives

Semiconductors

LCD

External Storage Devices

Consumer Electronic Devices

Medical Devices Manufacturing

Automobile

Pharmaceutical

Aerospace

Life – science

Laboratory and Research

9

Riverstone’s Niche In Healthcare Gloves

Highly customised segments in the healthcare industry, for example:

Procedure gloves - for superior barrier protection,

High-risk gloves - for better protection in carrying out high risk, harzardous

tasks,

Hand specific gloves – for providing more comfort and better fitting,

Dental gloves – higher priced products and

Accelerator-free gloves - to minimise type IV allergic reaction.

10

We Are Different

Riverstone Other Gloves Manufacturers

Cleanroom Gloves

Highly customized Mass Volume Standardized Products

Higher Barrier of Entry

1)3 processes

2)Qualification processes take long time

3)Spec depends on functionality

Comparatively Lower Barrier of Entry

1) 1 process

Own Brand and Deal mainly Directly With End Users Mainly OEM

High-Tech Value Added To Products

(we provide ESD and contamination solution for our customers)

Innovative product development to meet customers’ requirements

(meet customer product life cycle requirement)

Flexible Production Lines To Meet Changing Demands

Sterile Gloves For Cleanroom and Pharmaceutical Manufacturing

Applications

Healthcare Gloves

Premium gloves - Accelerator-Free Gloves

- Procedure Gloves

- Hand Specific Gloves

- Sterile product.

11

Network of

international sales

offices:

Singapore

Malaysia

Thailand

Philippines

PRC

US

Exported to :

Europe

Mexico

US

Canada

Singapore

Malaysia

Indonesia

Thailand

Philippines

Vietnam

PRC, Hong Kong

Japan

Korea

Taiwan

India

Europe

Asia

USA

Our products are exported worldwide

12

Our Competitive

Strengths

13

• Flexible manufacturing facilities

• Customisation is a key strength

Manufacturing Flexibility and

Products Customization

• Sell mainly direct to end-users for cleanroom gloves - quick response time; good rapport, earlier information on new product requirements

• Collaborate with customers on R&D and new products development

Strong Relationships

with Customers

Our Competitive Strengths

14

• Pioneered nitrile gloves manufacturing in Malaysia

• Dedicated 20-men R&D team to develop customised solutions

Strong R&D Capabilities

• Integrated manufacturing facilities

• ISO9001:2000 and ISO 14001:2004 certified

• Advanced lab testing facilities certified by customers

High Quality Control and Production Standards

Our Competitive Strengths

15

Our Track Record

16

5-Year Performance

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

2005 2006 2007 2008 2009

103.5

122.2126.7

141.4155.7

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2005 2006 2007 2008 2009

19.922.5 22.8

24.4

29.5

Revenue (in RM millions) Net Profit (in RM millions)

17

We believe in paying dividends!

2006 2007 2008 2009 2009

TotalNormal Special

Dividend Per Share

(sen)

2.6 3.3 3.5 4.3 1 5.3

Dividend Payout ratio 28% 45% 45% 45% 10.5% 55.6%

18

Healthy Balance Sheet

As at 31 Mar 2010(RM m)

As at 31 Dec 2009(RM m)

Current Assets 110.5 103.8

Current Liabilities 21.0 18.7

Total Assets 205.9 195.6

Total Liabilities 26.3 24.2

Shareholders Equity 179.6 171.447

Gearing 0.4% 0.5%

Cash and Cash Equivalents 51.3 47.2

ROE 24%* 17.2%

ROA 21%* 15.1%

* Figures have been annualised

19

First Quarter 2010 Performance

Y/E 31 Dec

1Q2010

(RM m)

1Q2009

(RM m)Change

Revenue 52.8 25.8 104.7%

Gross Profit 16.5 5.0 230.0%

Gross Profit

Margin31.2% 19.4% 11.8ppts

Profit before Tax 11.6 2.1 452.4%

Profit after Tax 10.5 1.8 483.3%

EPS* (sen) 3.39 0.58 484.5%

* Based of weighted average of 309.5 million of ordinary shares

20

Behind the 1QFY10 Performance

Sustained momentum from Q4 FY09

Rebound in HDD and semiconductor sectors (10%-15% growth)

Gaining market share in semiconductors (esp. Japan/Korea) and

pharmaceutical (USA)

Boost from healthcare gloves which started in late Q1 FY2009

21

Revenue (in RM millions) Net Profit (in RM millions)

0.0%

10.0%

20.0%18.4% 18.0% 17.2%

19.0% 20.0%

Net Profit Margin

0.0%

10.0%

20.0%

30.0%

14.9% 14.1% 14.2% 15.1%20.4%

ROA

0.0%

10.0%

20.0%

30.0%

17.6% 16.5% 15.8% 17.2%

24.0%

ROE* Figures have been annualised22

0.0%

10.0%

20.0%

30.0%

40.0% 34.6% 33.9%30.7% 31.5% 31.2%

GP Margin

Earnings Drivers and

Outlook

23

Earnings Drivers

Cleanroom Glove Sector

Continued growth in HDD and semiconductor industries(e.g: car navigator, game console, entertainment) driven by higher business and personal spending on IT and expansion plans

Continuous Market Presence Expansion into Semiconductors Industry (Japan, Korea, Taiwan)

Gaining Market Share in Pharmaceutical Industry

Healthcare Glove Sector

Market Niche in Medical Gloves

- offers smaller volume but highly customised solutions

- gained market recognition in short period of time

24

Earnings Drivers

601720

780900

1100

1350

1850

500

700

900

1100

1300

1500

1700

1900

2100

2005

2006

2007

2008

2009

2010f

2011f

• Production Expansion Plan on Track at average 35% p.a.• Possible acquisitions of other smaller glove manufacturers

Annual Production capacity in millions of gloves

25

RIVERSTONE HOLDINGS LIMITED

Thank You

Investor Relations Contact:

Juliet Ang, NRA Capital

Tel: 6236 6895 Email: juliet.ang@nracapital.com 26