Rit Capital Partners PLC · LSE:RCP
Rit Capital Partners — Shareholder Meeting (April 2026)
27 slides from Rit Capital Partners's shareholder meeting presentation, Apr 30, 2026
Slide 1: AGM Presentation
AGM Presentation 12pm, 30 April 2026
Slide 2: Today's Agenda
Today’s Agenda 12pm Introductory Remarks — Philippe Costeletos, Chairman of RIT Capital Partners plc 12.10pm Performance Update — Maggie Fanari, CEO, J. Rothschild Capital Management, Investment Manager of RIT Capital Partners plc 12.30pm Shareholder Q&A — Chairman 12.45pm Formal AGM Business — Chai
Slide 3: Introductory Remarks
Introductory Remarks Photo by Ben O'Broon Unsplash
Slide 4: What Are We Trying to Achieve?
What Are We Trying to Achieve? £442k “ Our purpose is to grow your wealth meaningfully over For £10k invested in RIT shares since inception1,2 time, through a diversified — VS — and resilient global portfolio. ” £173k in the MSCI ACWI Index (50% £)1.2,3 1 Source: J. Rothschild Capital Management (JR
Slide 5: Performance, Capital Allocation and Discount Management
Performance, Capital Allocation and Discount Management 1 2025 Performance Buybacks & Dividend Discount 16.9% £505m 45p Total Shareholder Returned in 2026 Return)2,3 Buybacks and Proposed Dividends since 20234 Dividend 13.5% 11.2% 4.7% The Board believes that the single most important factor in redu
Slide 6: Performance Update
Performance Update Manager Presentation J. Rothschild Capital Management Photo by Jezael Melgoza on Unsplash
Slide 7: The RIT Proposition: Capturing Growth. Managing Risk.
The RIT Proposition Capturing Growth. Managing Risk. Compounding Wealth. Unique Global Diversified Across Resilient Network Asset Classes By Design Track Record Since Inception, 19881 Access Flexibility Expertise 10.6% 10.7% Unlocking world-class opportunities Investing where we believe Combining in
Slide 8: Long-Term Outperformance with Lower Volatility than Equity Markets
Long-Term Outperformance with Lower Volatility than Equity Markets 1,2 10.7% 4,000 % Annualised Share Price Total Return since Inception, Performance (%) 19883 RIT NAV per share — VS — MSCI ACWI (50% £) CPI plus 3% 7.9% In the MSCI ACWI Index (50% £)3,4 0% 1988 2025 1 Source: JRCM data as at 31 Dece
Slide 9: Strong Performance in 2025 continues into YTD to 31 March 2026
Strong Performance in 2025 continues into YTD to 31 March 2026 1 2025 2026 16.9% 13.5% 119.1% 16.0% Total Shareholder 2025 NAV per NAV per Share Total Last 12 months NAV per Return2,3 Share Total Return2 Return over 10 years, Share Total Return2,5 with Less Risk than Equity Markets2,4 15.0% 18.3% 12
Slide 10: Portfolio Repositioned for a Broader Opportunity Set
Portfolio Repositioned for a Broader Opportunity Set 1 Portfolio Exposure by Region Portfolio Allocation (as a % of Net Exposure)2 (as a % of NAV)3 Global: 9.4% (2024: 8.3%) Japan: 7.1% Uncorrelated Strategies: 25.6% Quoted Equities: 43.3% (2024: 7.3%) (2024: 23.8%) (2024: 46.2%) Europe: 19.1% North
Slide 11: 10 Largest Individual Holdings
10 Largest Individual Holdings1 Investment holdings NAV (%) Investment pillar Country/region BlackRock Strategic Equity 4.1 Quoted Equities 3D Opportunity 4.0 Quoted Equities Perseverance Asset Management Int’l 3.2 Quoted Equities Parvus European Opportunities 2.9 Quoted Equities HCIF Offshore 2.9 Q
Slide 12: Quoted Equities – Returns Differentiated from Equity Indices
Quoted Equities – Returns Differentiated from Equity Indices1 Quoted Equities 15.0% Highlights Return Geographic rotation: Reduced US and public technology exposure and redeployed capital into European sovereignty, commodity-related equities and 6.9% NAV contribution emerging markets 23.2% Funds per
Slide 13: Quoted Equities – Reduced US Exposure and Redeployed in Europe, Emerging Markets
Quoted Equities – Reduced US Exposure and Redeployed in Europe, Emerging Markets 1 Regional Allocation Themes (as a % of Pillar Exposure)2 (Net Exposure as a % of the Pillar)3 Global 11% 35% US 58% Quality Biotech 24% 12% Direct Equities 24% Europe 8% Equity Funds 22% European Asia 15% Sovereignty 5
Slide 14: Private Investments – Performance Highlights
Private Investments – Performance Highlights1 18.3% 112% 47.4% Private Investments Average Uplift to Direct Investments Return in 2025 Carrying Value in 2025 Return in 2025 (that is, our Valuation Prior to Sale) of Direct Investment Realisations2 16.2% 27.5% 32.0% 10-year Compound Average Uplift to
Slide 15: Private Investments – Standout Result in 2025
Private Investments – Standout Result in 20251 18.3% Highlights Return Strong performance as innovation tailwinds persist 6.5% NAV contribution Multiple realisations totalled £232m, equivalent to 18.6% of the privates portfolio. 31% of the portfolio has been realised since the beginning of 20243 47.
Slide 16: Private Direct Investments - £139m of Liquidity in 2025
Private Direct Investments - £139m of Liquidity in 20251 Direct exits have delivered 27.5% average uplift to NAV over last 10 years2 2025 2026 AI & Advanced Tech FinTech FinTech Possible IPO Candidates: 49% stake sale to Exited (Acquisition) at Exited equity position a 37% premium to (NASDAQ Initial
Slide 17: Uncorrelated Strategies – Steady Diversifier Through Market Cycles
Uncorrelated Strategies – Steady Diversifier Through Market Cycles1 12.1% Highlights Uncorrelated Strategies Return Designed to provide diversification and stability (% of pillar NAV) 3.4% NAV contribution Real Assets Portfolio concentrated among key managers Absolute 6%2 and strategies Return Gover
Slide 18: 2026 YTD Performance Highlights
2026 YTD Performance Highlights
Slide 19: Resilient Q1 2026 Performance
Resilient Q1 2026 Performance1 Contribution to NAV ACWI (50% £) RIT NAV Total Private Uncorrelated Index Return Quoted Equities Investments Strategies Currency 1.6% 1.2% 0.6% 0.7% -0.9% -2.0% 1 Source: JRCM data. Q1 2026 figures show year to date performance from 1 January 2026 to 31 March 2026. . M
Slide 20: Looking Ahead – Positioned for a World in Structural Change
Looking Ahead – Positioned for a World in Structural Change The global investment landscape is Whilst the US remains core, within Quoted transforming — AI adoption Equities we have placed greater emphasis and a shifting geopolitical environment are on Europe, emerging markets and creating more oppor
Slide 21: RIT's Role in a Portfolio
RIT’s Role in a Portfolio1 10.6% NAV Growth since Inception2 Unique Global Diversified Across Resilient Network Asset Classes By Design 10.7% Annualised Share Price Total Return since Inception2 — VS — 7.9% Global equity diversifier aiming to offer differentiated equity-like returns with lower risk.
Slide 22: Q&A
Q&A Photo by Kit Suman on Unsplash
Slide 23: Formal AGM Business
Formal AGM Business
Slide 24: Meeting Close
Meeting Close
Slide 25: Appendix: End Notes
Appendix: End Notes ACWI (50% £): The MSCI All Country World Index is a total return, market capitalisation-weighted equity index covering major developed and emerging markets. Described in this presentation as ACWI (50% £), this is one of the Company’s KPIs or reference hurdles and, since its intro
Slide 26: Appendix: Important Information and Risk Factors
Appendix: Important Information and Risk Factors This presentation is approved for issue in the UK by J. Rothschild There are a number of factors that could cause actual results or developments Capital Management Limited (“JRCM”), a subsidiary of RIT Capital to differ materially from those expressed
Slide 27: Contact details
investorrelations@ritcap.co.uk www.ritcap.com 27 St. James’s Place, +44 20 7647 8565 London, UK, SW1A 1NR
RIT Capital Partners — Shareholder Meeting (April 2026) on 6ix