Rit Capital Partners PLC · LSE:RCP
Rit Capital Partners — Investor Presentation (April 2026)
15 slides from Rit Capital Partners's investor presentation, April 2026
Slide 1: 2025 Full Year Private Investments Overview
Manager Presentation 2025 Full Year Private Investments Overview April 2026 Your capital is at risk Past performance is not a guide to future returns
Slide 2: Important Information and Risk Factors
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 Capital Management Limited (“JRCM”), a subsidiary of RIT Capital developments to differ materially from those expressed or implie
Slide 3: Private Investments: One of RIT's Three Investment Pillars
Private Investments: One of RIT’s Three Investment Pillars Quoted Equities Private Investments Uncorrelated Strategies Diversified, global Investments sourced Absolute return and credit strategies directly via our own investments, as well as implemented through extensive global real assets and direc
Slide 4: Proven Track Record in Private Investments
Proven Track Record in Private Investments1 18.3% 112% 47.4% Private Investments Average Uplift to Prior Direct Investments Return in 2025 Carrying Value (that is, Return in 2025 our Valuation Prior to Sale) in 2025 of Direct Investment Realisations2 16.2% 27.5% 32.0% 10-year Compound Average Uplift
Slide 5: 35+ Years of Experience and Relationships in Private Markets
35+ Years of Experience and Relationships in Private Markets1 Top quartile managers have allowed us to invest early into breakout winners directly Access to Leading Direct Exposure to Private Funds High Growth Private Companies ✓ Proven track record ✓ Market leaders ✓ Unique networks ✓ Strong compet
Slide 6: Valuations of Some of The World's Largest Private Companies in which RIT Invests
Valuations of Some of The World’s Largest Private Companies in which RIT Invests We seek to invest in compounding market leaders Indirect Direct Exposure Exposure SpaceX + 1 +Xai $1,250Bn OpenAi $852Bn 1 1 ByteDance $480Bn1 Anthropic $380Bn 1 Stripe $159Bn 1 1 Databricks $134Bn She
Slide 7: Private Funds: Early Access to Leading Companies
Private Funds: Early Access to Leading Companies1 RIT’s top five managers represent 14.3% of total NAV with access to long-term durable companies Notable Investments Notable Investments Notable Investments Notable Investments Notable Investments 1 Source: JRCM data. Illustrative examples of private
Slide 8: Private Directs: Further Concentrating into Highest-Conviction Positions
Private Directs: Further Concentrating into Highest-Conviction Positions1 Portfolio positioned for realisation opportunities, with a more concentrated set of high-conviction holdings 2024 2025 Top 10 Investments: Top 10 Investments: 75% of Private Directs 79% of Private Directs Investments in 2025 2
Slide 9: Our Perspective: RIT is Well Positioned for AI-Driven Innovation
Our Perspective: RIT is Well Positioned for AI-Driven Innovation1 Broad ecosystem exposure across the value chain AI Value Chain Private Directs Private Funds2 Physical Infrastructure Compute & Cloud Foundational Models (LLMs) Intelligence & Data Applications 1 Source: JRCM data. 2 Reflects look-thr
Slide 10: £139m of Liquidity in 2025
£139m of Liquidity in 20251 Direct exits have delivered 27.5% average uplift to NAV over last 10 years 2025 2026 – Pending / Unrealised AI & Advanced Tech FinTech FinTech FinTech 3 49% stake sale to Exited (Acquisition) at Exited equity position 100% stake sale to a 37% premium to (Initial Public Of
Slide 11: Recent Press Coverage of Our Partners and Investments (2025-2026)
Recent Press Coverage of Our Partners and Investments (2025-2026) Josh Kushner’s Thrive Anthropic Clinches Peter Thiel’s Founders SpaceX, xAI Tie Up, Forming Capital Raises $10 $380 Billion Valuation After Fund reloaded: $4.6B to $1.25 Trillion Company Billion in New Funding $30 Billion Funding Roun
Slide 12: Why RIT?
Why RIT? Access: Network of longstanding partners that have provided access to private companies not typically available to individual investors Diversification: Portfolio built over time – across market cycles and themes Track record: Proven, long-term performance Flexibility: RIT shareholders have
Slide 13: Case Studies
Case Studies1 A black background with white letters 2 AI-generated content may be incorrect. Unrealised Value Exited Jul 2024 Partially exited Jun 2025 6.5x 31% ~2.5x 44% ~1.7x 18% Unrealised return on Internal Rate Realised return Internal Rate Realised return on Internal Rate invested capital3 of
Slide 14: RIT's Valuation Approach
RIT’s Valuation Approach Direct Investments – Typically Valued Semi-Annually Fund Investments: Typically Valued Quarterly with a Lag • GP-led valuations: GPs are the primary source of valuations, • GP-sourced valuations: Fund valuations are based on given their access to proprietary information and
Slide 15: investorrelations@ritcap.co.uk www.ritcap.com 27 St. James’s Place,
investorrelations@ritcap.co.uk www.ritcap.com 27 St. James’s Place, +44 20 7647 8565 London, UK, SW1A 1NR
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