RANGE INTERNATIONAL LIMITED — AGM Information 2017

May 18, 2017

Range International Limited 2017 Annual General Meeting presentation

19 May 2017

Chairman's address Click to edit Master title style

2017 Annual General Meeting

RANGE INTERNATIONAL BOARD OF DIRECTORS

Operational update

• New facility established in East Java which will provide Range a total of 14 lines after full build out
• Three lines operating, fourth to come on line early June
• The team have developed new product range
• Sales outlook improving
• Focused on cash management
  • expected cash at end of June between US$6-7m

ThermoFusionTM

• Recognised as a unique and environmentally efficient process
• Approached by multiple parties interested in the technology
  • mixed plastic recycling
  • alternative product development across a range of industries to be explored

Board's strategic priorities

• Continue focus on operational excellence with remaining production ramp up
• Oversee rollout of enhanced sales and marketing capability
• In response to recent inbound enquiries, explore potential strategic initiatives to complement direct sales channels:
  • operating partnerships and joint ventures, while maintaining IP
  • application of knowhow and technology in other jurisdictions
  • strategic customer partnerships

Global pallet industry

• Global pallet market is estimated at US$50 billion in annual sales in 2017
• More than 5 billion pallets (90% wood) expected to be produced in 2017

Source: Frost & Sullivan, Independent Market Report

Managing Director's presentation

Table of contents

• 1. Range executive management
• 1. Operations
• 1. Cash management
• 1. Sales

1. Range executive management

Executive management

• 30 years' experience in supply chain, logistics and industrial manufacturing
• 2012-2014: President of CHEP Asia
• Previously President of HAVI Logistics / AQL Japan and President of HAVI Food Services SE Asia

Managing Director CFO, Head of Finance Head of Development Head of Sales and

• Experienced CFO with listed company experience
• Previously senior executive and CFO for AP Eagers Ltd (ASX:APE)
• Member: Chartered Accountants Australia and New Zealand, AICD

• Over 20 years' extensive strategy, product development and engineering experience
• Last 10 years with Brambles' CHEP Pallets Division; last 5 years as Global Director of Product Development
• Other prior roles with GE Global in its R&D division, and with Parametric Technology Corporation (PTC) as a leader in global services and technology development

Lars Amstrup Geoff Walker Ken Brandt Rachelle Woodsford Bambang Garnadi

Marketing

• Over 25 years commercial sales and logistics experience
• 19 years with DHL in Asia and Africa, last three in the role of VP Business Development Asia Pacific at DHL Global Forwarding with responsibility for 40 team members across Asia Pacific
• Strengths include ability to accelerate revenue growth, active leadership skills and ability to foster employee engagement

Head of Operations

• More than 13 years' experience in production management of plastic factories, including six years as the Production Manager of PT Dynaplast (Tupperware Indonesia)
• Oversaw commissioning of Range's second production line as the company's Plant Manager in 2015

2. Operations Click to edit Master title style

New East Java facility

• Facility will enable Range to ramp up to a total of 14 production lines
• By the end of June, expect to have six lines available for production
• Centralised raw material processing systems will increase efficiency and reduce wastage
• New water treatment plant in support of our environmental footprint
• Production and warehousing consolidated in one location
• Actual capital expenditure invested in production to date US$19.7 million
• As previously announced, given the level of production available, management have slowed the pace ramping-up additional production capacity to preserve cash in advance of sales build-up

Pasuruan (East Java) factory - situated in Surabaya Industrial Estate Rungkut (SIER), Surabaya, in a Bonded Zone.

Pasuruan (East Java) factory

Pasuruan (East Java) factory

Production capacity

• Range has made a significant investment in production capacity and has the ability to support the current sales pipeline
  • Three new production lines currently operating at East Java facility
  • One additional production line scheduled for commissioning early June 2017
  • Two reconditioned lines from Tabanan expected to be on site in East Java June 2017
• New production lines can be commissioned in a matter of weeks
• Scheduled to have ten production lines on site in East Java by the end of 2017
• Secured sufficient supply of low cost mixed waste plastic to support production schedule for 2017

3. Cash management Click to edit Master title style

Cash management

• Company has implemented initiatives to improve cash management
  • Significantly reducing operating overheads
  • Deferred non essential work for the East Java facility
  • Reducing current capital expenditure to enhance cashflow
• Production costs per pallet will reduce significantly due to efficiencies delivered through the new production equipment at the East Java facility
• Expected cash at end of June of between US$6-7m
• Provides a stable platform for management to focus on sales

4. Sales Click to edit Master title style

Re>PalTM Stand at Asia Warehousing Show, Bangkok

Re>PalTM Product Suite Launched in Bangkok 27 April 2017

The Re>PalTM Nestable Pallet

NP

Nesting 1200 x 1000 1090 x 1090

The Re>PalTM Heavy Duty Pallet

Heavy Duty

The Re>PalTM Nestable Stackable Pallet

NSP

Nesting Stacking & Racking 1200 x 1000 1090 x 1090

The Re>PalTM Rackable Pallet

27

Re>PalTM pallets – game changers in supply chains

• Price competitive with wood and significantly cheaper than plastic alternatives
• Enhanced functionality over wood pallets
• Significant environmental benefits Co2, deforestation, energy consumption
• Made from 100% recycled plastic and 100% recyclable

Regional sales team

• Region wide sales team across eight countries
• Continuing to expand the reach of the sales presence
• Local management with local knowledge

Sales outlook

• Rachelle Woodsford and regional sales team developing growing pipeline of leads
  • targeting recurring, blue-chip sales that require significant lead time to adoption
  • SME market offers earlier uptake
  • focus on Asia fastest growing market globally
• Significant increase in customer visits signals increasing awareness and future demand
  • 180 customer trials of new pallet range requested
  • samples currently being shipped
• Growing sales of the existing NP series
  • in particular in export and e-commerce markets in China
• Proven ability to meet product certification requirements across jurisdictions (including recent certification in China)

DISCLAIMER

You must read the following notices before reading or making any use of this presentation or any information contained in this presentation. By continuing to read, use or otherwise act on this presentation, you agree to be bound by the following terms and conditions, including any modifications to them.

THIS IS NOT A PROSPECTUS

This presentation is provided by Range International Holdings Ltd and its related bodies corporate (Range or the Company) solely for information purposes. This presentation is not a prospectus, product disclosure statement or disclosure document for the purposes of the Corporations Act 2001 (Cth) and has not been lodged with ASIC.

This presentation is not, and does not constitute, an offer to sell or the solicitation of an offer to buy any securities in the United States. This presentation may not be distributed to, or relied upon by, any person in the United States.

If you are not such a person, please do not read this presentation. Please return it immediately to the Company and destroy or delete any copies.

NOT FINANCIAL PRODUCT ADVICE

This presentation is not, and should not be construed as a recommendation by the Company or its affiliates, related bodies corporate, or any of their respective officers, employees, directors, partners, representatives, agents or advisers or any other party referred to in this presentation.

The provision of this presentation is not and should not be considered as financial product advice, investment advice or a recommendation. Nothing in this presentation constitutes legal, financial, tax or other advice. The information in this presentation does not take into account particular investment objectives, financial situation or needs of any person. You should make your own assessment in preparing any research report or other assessment of an investment in the Company and should not rely on this presentation. You should seek legal, financial, tax and other advice appropriate to your jurisdiction.

DISTRIBUTION

Distribution of this presentation outside Australia may be restricted by law. Persons who come into possession of this presentation who are not in Australia should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER OR ADVERTISEMENT

The information in this presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to apply for or purchase any securities and neither this presentation nor anything contained herein shall form the basis of any contract or commitment and is not intended to induce any person to engage in, or refrain from engaging in, any transaction. This presentation does not constitute an advertisement for an offer or proposed offer of securities and does not contain any application form for any securities.

FORWARD LOOKING STATEMENTS

This presentation contains forward looking statements which are statements that may be identified by words such as 'may', 'could', 'believes', 'estimates', 'expects', 'intends' and other similar words that involve risks and uncertainties.

Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors of the Company and management. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward looking statements contained in this presentation will actually occur and investors are cautioned not to place undue reliance on these forward looking statements.

Formal Business

Item 1 – Receipt of Financial Report, Directors' Report and Auditor's Report

To receive and consider the Company's Financial Report, Directors' Report and the Auditor's Report for the year ended 31 December 2016.

Item 2 – Remuneration Report

To consider and, if thought appropriate, pass the following resolution as an ordinary resolution:

"That the Company's Remuneration Report for the financial year ended 31 December 2016 be adopted".

In accordance with section 250R(3) of the Corporations Act, votes on this resolution are non-binding and advisory only.

Item 2 – Remuneration Report

Proxy Votes

For	23,705,145	92.02%
Against	1,038,212	4.03%
Open	1,017,183	3.95%
Total	25,760,540
Abstain	98,000

Item 3 – Approval of the Range Retain and Grow Incentive Plan

To consider and, if thought appropriate, pass the following resolutions as ordinary resolutions:

• (a) "That for the purposes of ASX Listing Rules 7.2 (Exception 9), and for all other purposes, approval be given for the issue of securities under the Range Retain and Grow Plan described in the Explanatory Notes attached to this Notice."
• (b) "That the giving of benefits under the Range Retain and Grow Plan to a person by the Company in connection with that person ceasing to hold a managerial or executive office in the Company, as described in the Explanatory Notes to this Notice, be approved for the purposes of sections 200B and 200E of the Corporations Act and for all other purposes."

Item 3 – Approval of the Range Retain and Grow Incentive Plan

Proxy Votes

For	23,792,585	92.13%
Against	1,015,772	3.93%
Open	1,017,183	3.94%
Total	25,825,540
Abstain	33,000

Item 4 Approval for the issue of securities to Lars Amstrup under the Range RAG Plan

This Item has been withdrawn

Item 5 – Re-election of Matthew Darby

To consider and, if thought fit, to pass the following resolution as an ordinary resolution:

"That Mr Matthew Darby, who retires by rotation in accordance with the Constitution of the Company and who, being eligible, offers himself for reelection, is hereby re-elected as a Director of the Company".

Item 5 – Re-election of Matthew Darby

Proxy Votes

For	32,629,895	96.02%
Against	334,300	0.98%
Open	1,017,183	2.99%
Total	33,981,378
Abstain	0

Item 6 – Constitutional amendment to allow for direct voting

To consider and, if thought fit, to pass, with or without amendment, the following resolutions as special resolutions:

"That, for the purposes of section 136 of the Corporations Act and for all other purposes, the Constitution of the Company be amended with immediate effect by amending clause 16.2(b) by inserting the words ", or has submitted a direct vote in accordance with clause 17.4".

"That, for the purposes of section 136 of the Corporations Act and for all other purposes, the Constitution of the Company be amended with immediate effect by inserting the following as a new clause 17.4:

• (see next slide for wording of new clause 17.4)

Item 6 – Constitutional amendment to allow for direct voting

(Cont.)

17.4 Direct voting

The directors may decide that, at any general meeting or class meeting, a member who is entitled to attend and vote on a resolution at that meeting is entitled to a direct vote in respect of that resolution. A "direct vote" includes a vote delivered to the company by post, fax or other electronic means approved by the directors. The directors may prescribe regulations, rules and procedures in relation to direct voting, including specifying the form, method and timing of giving a direct vote at a meeting in order for the vote to be valid."

Item 6 – Constitutional amendment to allow for direct voting

Proxy Votes

For	32,607,395	95.97%
Against	341,800	1.01%
Open	1,027,183	3.02%
Total	33,976,378
Abstain	5,000

End of Formal Business