Management’s Discussion and Analysis (MD&A) for year 2017 2 12.5% for sale volumes and increasing by 19.4% for production volumes. This mainly due to the Tolling agreement with G Steel for producing of HRC to

recover together with the liberalization of international trade begins to effective; rely on the time frame that each party has made a long-term agreement. It is forecasted that the demand and supply of

made a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Remarks: 1. For antitrust reasons, worldsteel no longer produces a monthly global capacity

Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects

orders for several projects e. g. installation project of treatment for waste and infected waste, project of capacity expansion for water supply, etc. This is resulted from the slowdown of economic

province of Republic of the Philippines. 455 MW of the plant’s capacity and energy are contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable

as follow: - Sale volumes (Coil tons) and production volumes in the third quarter of 2018 were significantly higher than last year quarter due to the Company entered the Tolling agreement with G Steel

contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. Construction works of the project was completed and its

(MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 83.98% (The construction plan was 84.12%). The

Chain International (Lao) Company Limited entered into a cooperative agreement with Kasikornthai Bank Co., Ltd. for financial support for the construction of Kasemrad International Hospital Vientiane