Riverstone Holdings Limited · SGX:AP4
Riverstone — Q3 2011 Earnings Presentation
16 slides from Riverstone's earnings presentation, Nov 10, 2011
Slide 1: Riverstone Holdings Limited 3Q 2011 Results Briefing
Riverstone Holdings Limited 3Q 2011 Results Briefing 10 November 2011 Slide 01
Slide 2: Disclaimer
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. Represen
Slide 3: Financial Highlights 3rd Qtr 2011
Financial Highlights 3rd Qtr 2011 Slide 03
Slide 4: Quarterly Revenues (RM millions)
Quarterly Revenues (RM ‘millions) Year 4th Q 3th Q 2nd Q 1st Q Total 2009 47.40 44.80 37.70 25.80 155.70 2010 60.40 54.70 54.00 52.80 221.90 2011 71.02 65.54 64.4 Slide 04
Slide 5: Margins still above industry average
Margins still above industry average GP Margin NP Margin 40.0% 20.0% 19.0% 18.0% 18.2% 33.9% 17.2% 35.0% 30.7% 31.5% 14.77% 30.0% 29.0% 15.0% 25.0% 23.0% 20.0% 10.0% 15.0% 10.0% 5.0% 5.0% 0.0% 0.0% 2007 2008 2009 2010 3Q 11' 2007 2008 2009 2010 3Q 11' Slide 05
Slide 6: Quarterly Net Profit (RM millions)
Quarterly Net Profit (RM ‘millions) Year 4th Q 3th Q 2nd Q 1st Q Total 2009 11.03 9.92 7.28 2.10 30.33 2010 10.28 9.92 9.67 10.50 40.37 2011 10.00 10.30 9.40 Slide 06
Slide 7: Comparison Data: 3Q 2010 Vs 3Q 2011
Comparison Data: 3Q 2010 Vs 3Q 2011 3Q 2010 3Q 2011 Revenue 54.67 71.02 29.80% Average Exchange 3.19 2.98 6.50% US$/RM Average Raw Material Price 1,361 2,075 52.00% (US$/ tonne) Slide 07
Slide 8: Looking Forward: Positives
Looking Forward Positives: 1) Higher Production Volume. * Completed Phase I and phase II expansion. Average capacity/month for 4thQ = 192 million/pcs. * One new line will be in production in Dec 2011. Another new line will be in production 1thQ 2012. 2) Strong order flows for healthcare gloves. 3) S
Slide 9: Looking Forward: Challenges
Looking Forward Challenges: 1) Continuous fluctuation of US$. 2) Flood in Thailand affecting the demand of cleanroom gloves in the short term. Slide 09
Slide 10: Our Competitive Strengths
Our Competitive Strengths Manufacturing Flexibility and Products • Flexible manufacturing facilities • Customisation is a key strength Customization • Sell direct to end-users for cleanroom Strong gloves (mainly)- quick response time; good rapport, obtain earlier information Relationships on new pro
Slide 11: Our Competitive Strengths
Our Competitive Strengths • Pioneered nitrile gloves manufacturing Strong R&D in Malaysia Capabilities • Dedicated 20-men R&D team to develop customised solutions High Quality • Integrated manufacturing facilities Control and • ISO9001:2008, ISO13485:2003 and ISO 14001:2004 certified Production • Ad
Slide 12: Earnings Drivers and Outlook
Earnings Drivers and Outlook Slide 12
Slide 13: Production Capacity
Production Capacity No. of gloves at the end of each year Million pieces By end of 2011 (Forecast) 2.5 billion gloves 50% Cleanroom 50% Healthcare Slide 13
Slide 14: Expansion Plan
Expansion Plan No. of Production Capacity p.a. Target completion Lines (Million Pcs) Total as at 31 Dec 2009: 15 single former and 1,100 1 double former On going expansion: Riverstone, Taiping 3 single former and 700 Completed in Dec 2010 (Phase I) 2 double former Riverstone, Taiping 1 single former
Slide 15: Earnings Drivers
Earnings Drivers Cleanroom Glove Sector Sustained demand from cleanroom industry. Gained new customers in Japan, Korea & US. Gained market share in pharmaceutical Industry. Healthcare Glove Sector Established market niche in premium healthcare gloves. Growing demand for customised solutions. Slide 1
Slide 16: Thank You Q & A
RIVERSTONE HOLDINGS LIMITED Thank You Q&A Slide 16