PRESENTATION ON THE PERFORMANCE AND OUTLOOK OF TOP GLOVE GROUP

Total :1 1/26/124 Full Year Results FY 31/8/2020 vs FY 31/8/2019

Outstanding growth like never before FY20 vs FY19

2/26 Financial Highlights: Impressive growth for the year Full Year FY20 vs FY19 Comparison Revenue, RM’mil Sales quantity, bil pcs EBITDA, RM’mil PAT, RM’mil Earnings per share, sen 7,237 +17% +51% 62.1 2,421 1,789 21.9 53.3 +252% +386% 4,801 +376%

687 368 4.6

FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20

EBITDA margin, % PAT margin, % Return on equity, % Dividend per share, sen 28.9% 33.5% 24.7% 11.83 +101% +134% +221% +373% 14.4% 7.7% 14.3% 2.50

FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20 3/26 A Strong and Healthy Start for FY2021

1QFY21 Profit Exceeded FY2020 Full Year Profit

Comparing 1QFY2021 1QFY2021 over FY2020

Revenue RM 4,759 mil 66% of FY2020

PAT RM 2,405 mil 134% of FY2020

Dividend per share 16.50 sen 139% of FY2020

Cash flow from operations RM 3,157 mil 91% of FY2020

4/26 Exceptional High Cash Generation

Net cash flow from operating activities, 16 Improved by 25% RM’mil Inventory 12 12 months 3 months (days) 3,456 3,157 31/08/2020 30/11/2020 12 months 23 Improved by 30% 16 526 Trade Receivable (days) 31/08/2019 31/08/2020 30/11/2020 31/08/2020 30/11/2020 Net cash/ (borrowings), RM’mil Net cash/(borrowings) 24 Reduced by 17% Trade Payable 3,455 (days) 20 2,343

31/08/2020 30/11/2020

15 Working capital Improved by 47% 8 (days) (2,168) 31/08/2019 31/08/2020 30/11/2020 31/08/2020 30/11/2020 5/26 Stellar performance for FY2020 and 1QFY21

Extraordinary strong performance is mainly due to: 1) Top Glove large capacity capitalised on strong demand for gloves arising from the Covid 19 pandemic 2) High production utilisation improved the production cost efficiency 3) Improvement in operational efficiency from ongoing upgrading and productivity enhancement 4) Higher ASPs inline with strong market demand 5) Rationalization of product mix to maximise the profit 6) The RM136mil remediation payment to migrant workers was taken up in FY2020. The donation of RM185mil to government in combating the Covid 19 outbreak was recognised in 1QFY21.

6/26 Steady Growth Since Listing in 2001

Over 21 years since listing in 2001: Compound Annual Growth Rate, CAGR Average PAT margin Revenue PAT

For FY ended 31August 28% 38% 24%

in RM’mil 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q21

Revenue 1,529.1 2,079.4 2,053.9 2,314.5 2,313.2 2,275.4 2,510.5 2,888.5 3,409.2 4,220.7 4,801.1 7,237.4 4,759.3 EBITDA 287.5 364.7 196.7 297.7 310.6 301.8 441.7 524.7 489.3 694.0 687.5 2,421.5 3,155.8 EBITDA 18.8% 17.5% 9.6% 12.9% 13.4% 13.3% 17.6% 18.2% 14.4% 16.4% 14.3% 33.5% 66.3% margin PBT 222.0 305.0 145.5 240.7 242.2 216.3 363.5 442.2 393.4 522.8 423.6 2,165.6 3,095.5

PBT margin 14.5% 14.7% 7.1% 10.4% 10.5% 9.5% 14.5% 15.3% 11.5% 12.4% 8.8% 29.9% 65.0% Taxation 53.9 54.6 30.3 33.4 39.4 32.7 82.3 79.8 54.5 89.6 56.1 376.7 690.3 PAT 168.1 250.4 115.1 207.3 202.8 183.6 281.2 362.4 338.9 433.2 367.5 1,788.8 2,405.2 PAT margin 11.0% 12.0% 5.6% 9.0% 8.8% 8.1% 11.2% 12.5% 9.9% 10.3% 7.7% 24.7% 50.5% ROE, % 20.5% 22.4 % 10.0% 16.2% 14.9% 13.1% 17.4% 19.9% 16.3% 18.1% 14.4% 28.9% 140.0%* EPS, RM** 0.02 0.03 0.02 0.03 0.03 0.03 0.04 0.05 0.05 0.06 0.05 0.22 0.30 **Adjusted for bonus issue *Annualized 7/26 Continuous Growth in Capabilities

To commence Number of production lines Capacity Existing facilities Factories production by Country Glove type 1 Double Former (DF) Line (pcs per Total: 47 Factories (Calendar Quarter) = 2 Equivalent Single Former (SF) Lines annum) Current: 36 glove factories All 750 Equivalent Single Former Lines 90 bn • Headquarters • 32 Glove Factories F40 2nd Phase 1st qtr 2021 Klang, Malaysia Nitrile 8 DF lines 2.4 bn • 3 Chemical Factories • 1 Glove Former st F8A 1 Phase NEW FACTORY 1st qtr 2021 Sadao, Nitrile 14 DF lines 4.2 bn • 2 Packaging Factories F35 Block A NEW FACTORY 1st qtr 2021 Klang, Malaysia Surgical/Nitrile 6 DF lines 1.8 bn • 1 Dental Dam Factory • 1 Condom Factory F36 Lines Refurbishment 1st qtr 2021 Kota Bharu, Malaysia Surgical/Latex 3 SF lines 0.5 bn • 1 Mask Factory F15 New Lines 2nd qtr 2021 Xing Hua, PVC 2 DF lines 0.6 bn Producing: st 1) Latex & Nitrile Examination Gloves F38 Block A2 1 Phase NEW FACTORY 2nd qtr 2021 Kulim, Malaysia Nitrile 8 DF lines 2.4 bn 2) Surgical, Household, Cleanroom F31 Block C New Lines 2nd qtr 2021 Klang, Malaysia Nitrile 7 DF lines 2.1 bn Gloves 3) CPE/TPE Gloves 4 DF lines F37 Block A New Lines 3rd qtr 2021 Kluang, Malaysia Nitrile 1.2 bn 4) Former & Chemical Manufacturing F41 1st Phase Block 2 3rd qtr 2021 Binh Duong, PVC 10 DF lines 2.8 bn 5) Dental Dam Total new capacity in CY2021 59 DF lines + 3 SF lines 18 bn (+20%) 6) Condom 7) Mask Grand total by December 2021 : 39 glove factories 871 Equivalent Single Former Lines 108 bn Thailand nd 1st qtr 2022 Kulim, Malaysia Nitrile 4 DF lines 1.2 bn • 2 Latex Concentrate Plants F38 Block A2 2 Phase • 2 Glove Factories st F42 1 Phase Block 1 NEW FACTORY 1st qtr 2022 Banting, Malaysia Nitrile 12 DF lines 3.6 bn Producing: F45 1st Phase NEW FACTORY 1st qtr 2022 Ipoh, Malaysia Nitrile 16 DF lines 4.8 bn 1) Latex Examination Gloves 2) Latex Concentrate F37 Block D New Lines 2nd qtr 2022 Kluang, Malaysia Nitrile 3 DF lines 0.9 bn China F46 NEW FACTORY 2nd qtr 2022 Klang, Malaysia Nitrile 13 DF lines 3.9 bn • 1 Glove Factory Producing: F8A 2nd Phase 2nd qtr 2022 Sadao, Thailand Nitrile/Latex 14 DF lines 4.0 bn 1) Vinyl Gloves F41 2nd Phase Block 3 3rd qtr 2022 Binh Duong, Vietnam PVC 10 DF lines 2.6 bn Vietnam • 1 Glove Factory Total new capacity in CY2022 72 DF lines 21 bn (+19%) Producing: Grand total by December 2022 : 42 glove factories 1,015 Equivalent Single Former Lines 129 bn 1) Vinyl Gloves Estimate capital expenditure of RM10bil over the next 5 years, from FY2021 to FY2025 for additional 100 bil pcs gloves per annum. 8/26 Strong sales order book arising from COVID-19 pandemic

1) Gloves demand continue to be robust. 2) Monthly increasing trend for ASP following strong demand, as well as higher raw material and operating costs. 3) 30% of production capacity allocated for spot orders. 4) Post Covid19 with vaccine available, we expect gloves usage to be stronger than pre Covid19 era due to increase in healthcare and hygiene awareness. Delivery Time

Pre COVID-19 560 Current days 370 250 days 30 days to 40 days days 160 days

Average

Nitrile NR Surgical Vinyl Delivery time increase significantly

9/26 The Best is Yet To Come

1. Stronger quarters ahead: a) Higher capacity due to on going expansion plan. b) Stronger growth in Nitrile gloves sales volume : i. Additional capacity for Nitrile gloves ii. Sufficient NBR latex iii. Switching of Latex production lines to produce more Nitrile gloves. c) Product mix shift more towards Nitrile gloves, which has higher profit margin. d) A higher ASP i. ASP for 2Q expected to be 30% higher from 1QFY21.

10/26 The Best is Yet To Come

2. Stockpile of gloves at critical low level US stockpile dropped from 16.9 billion pieces in December 2019 to 2 billion pieces in October 2020. [Source: CBS news on 6 December 2020] 3. Vaccine will take time to be available globally. Also, application of vaccine will require more gloves.

4. Replenishing inventory post COVID19 to average 2 to 3 months stockholding will also resulted in surge of gloves; while normal consumption is on going.

5. Some new expansion, especially new players may be delayed due to: a. Lack of contractors to install the production line, b. Shortage of nitrile raw material, and c. Constrain of manpower if dependent on foreign workers.

11/26 Commitment to quarterly 70% dividend payout ratio from 2QFY21 to 4QFY21

Quarterly dividend payment of 70% payout ratio from 2QFY21 to 4QFY21: Total dividend, a) Dividend Policy: Payout ratio of at least 50% PATAMI sen b) Special Dividend: 20% on PATAMI lnterim dividend, sen Total dividend paid RM 2.53bil, since listing in 2001 Total dividend for 1QFY21 is RM 1.3bil Note: Dividend of 16.50 sen per share to be paid on 11/1/2021.

14 21 27 32 66 99 68 99 99 99 143 182 182 217 192 962 1,326 TotalDividend (RM million)

24% 25% 31% 29% 39% 40% 60% 49% 51% 55% 51% 50% 54% 51% 53% 55% 56% Payout ratio Note: Dividend per share has been adjusted with the bonusissues 12/26 Bursa: Track Record of Delivering Shareholder Value Total Shareholders Return of 27,249% over 21 years since listing in year 2001

Number of CDS and CDP Number of account As at 5/1/2021, account as at 31 Dec 2020 th 6 highest market capitalization in Bursa. Total CDS Account, Bursa 110,935 11th highest market capitalization in SGX. Total CDP Account, SGX 5,997 Grand Total 116,932 Source: Registrar of Depository

With initial investment of 1,000 shares made based on IPO price of RM2.70 on 27 March 2001, the return would be: Market value Number of shares held(1) Accumulated Investment cost Capital Total shareholder (as at 5 Jan 2021) Dividends (as at 27 March 2001) appreciation(2) return # RM RM RM RM % 122,304 699,579 38,833 2,700 735,712 27,249% Source: Bloomberg as of 5 Jan 2021 Notes: (1) 1,000 shares at IPO, adjusted for bonus issue and share split since IPO (2) Calculated based on adding market value and accumulated dividends and subtracting the investment cost 13/26 Top Glove Share Buyback (SBB) Overview

1. A structured Share Buy Back (“SBB”) was implemented as the board are of the view that the Company performance continues to be strong and the Company is under-valued. Based on Bloomberg consensus FY2021 net profit of RM10.2bil and the expected dividend per share of RM0.85, coupled with the current market capitalization of about RM46bil, the forward PE is only 4.5 times (RM46bil/10.2bil), and dividend yield of about 14.9% (RM0.85 /RM5.72).

FY2021 Bloomberg consensus on PAT RM10.2 bil PE ratio 4.5 times [based on market cap of RM46 bil @ 5/1/21] Dividend Yield 14.9% [based on 70% payout ratio]

2. As at 5 January 2021, the total SBB is only 2.15% of total number of issued shares, which is below the 10% threshold approved by the shareholders. The current total value of SBB is RM1.28bil, and is only 2.8% of the current market capitalization of RM46bil.

3. As at 31 December 2020, the Company has around RM4 billion available cash, which SBB provides better return than the placement in FD or money market in which the return is less than 2% currently.

14/26 Update on Withhold Release Order by U.S. Custom and Border Protection (CBP)

a) Independent audit report submitted to U.S. CBP on 4/9/2020. b) The total remediation is approximately RM136 million, in accordance with recommendations by the independent consultant. Top Glove has made 5 remediation payment as at December 2020. c) We continue to engage with the US Customs and Border Protection (CBP) towards an expeditious revocation of the Withhold Release Order (WRO). All issues have since been resolved, the only pending matter being the verification by our independent international consultant that our worker accommodation meets the requirements of the Workers’ Minimum Standards of Housing and Amenities Act 1990 (Act 446), for which Top Glove has embarked on substantial corrective and improvement measures.

12/26 Improvement in living condition for workers to comply with Akta 446

16/26 Investment in Better Accommodation: Existing

Male Hostel Female Hostel

In the past, we have invested RM70mil in more than 100 double-storey houses and hostels Double-Storey Houses with full facilities.

17/26 Amenities and Facilities at Klang Hostels: Existing

Male Hostel Cafeteria Hairdressing Salon

Female Hostel Cooking Area Mobile Reload Machine

18/26 Existing Amenities and Facilities at Klang Hostels

Sports and Recreational Facilities Remittance Counter

Laundromat Mini Market ATM Machine

19/26 Invest in Better Accommodation: Short term plan

1. An investment of RM20mil in the past 2 months on 2. Renting additional houses and apartments. purchasing 100 units of apartments for workers. Apartments

Apartments

Bedroom Kitchen

20/26 Invest in Better Accommodation: Short term plan

3. Renting Westlite-PKNS Accommodation Kelana Jaya

a) 2 blocks of hostel can accommodate 6,000 person. b) Top Glove has relocated 2,000 workers to this hostel. c) Facilities available: i. Canteen (Halal) ii. Mini Mart iii. Self service laundry iv. Game room v. Praying area 21/26 Invest in Better Accommodation: Mid term plan

Building and purchasing new workers’ hostels, fully equipped with facilities and amenities.

Klang Banting Total Banting i) Construction by Top Glove 4 Blocks Lot 213 and Lot 214, Lot 4941 : February 2022 3 Blocks Lot 5116 : April 2022 Block 1 : July 2021 Lot 5117 : April 2022 Block 2 : July 2022 Lot 5135 : August 2022 Block 3 : July 2023

Capacity : 4,200 pax Capacity : 3,100 pax Capex : RM 40 mil Capex : RM 30 mil Klang, Kenangan Meru Condo ii) Purchase from developer : 2 Blocks : February 2022 Kenangan Meru Condo Capacity : 2,700 pax Capex : RM 95 mil

Accommodation capacity 6,900 pax 3,100 pax 10,000 pax Total Capex RM 135 mil RM 30 mil RM 165 mil

Other locations: Perak, Kedah, Negeri Sembilan, Kelantan and Johor RM 30 mil

Total Estimated Capex RM 195 mil 22/26 Creating Job Opportunities to our Future Generations

To support its growth, Top Glove recruits new employees every year. FY2020 : recruited 4,945 employees and 1,654 intern/trainees.

Number of New Recruits in Malaysia Experienced Fresh Graduate/ Local Subtotal Intern / Total Tech Vocational Workers Trainees FY2019 367 808 912 2,087 1,029 3,116

FY2020 582 1,283 3,080 4,945 1,654 6,599

FY2021 630 1,870 4,500 7,000 2,000 9,000 Target

23/26 Creating Job Opportunities to our Future Generations

The Company is committed to continue creating positive socio-economy impact through providing job opportunities and better career development for our future generation

Graduates' Choice Award

• Top Glove was voted as the Most Attractive Graduate Employers to Work For in 2021 by university students

• Awarded as Champion in Manufacturing industry

Malaysia’s 100 Leading Graduate Employers 2019

• Winner for Manufacturing : Chemical & Heavy Industries

• Ranked 11th in overall category (compared with 14th in Year 2018)

24/26 25/26 Brand of Choice : Sustainability Awards and Recognition

Dow Jones Sustainability Index

• Listed on the 2020 DJSI under the Emerging Markets category for 2 consecutive years (announced in Nov 2020) • The only Malaysian Company in 2020 DJSI Indices • Ranks 13th out of 73 Healthcare Equipment & Supplies companies, outperforming 83% of peers in the industry across all DJSI indices

FTSE4Good Bursa Malaysia Index

• Listed on Index for 5 consecutive years (announced in Jul 2020) • Well performed than the subsectors & industry peers average • Full score for governance rating & improved environmental rating

26/26