. บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน) Management’s Discussion and Analysis | 3 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating Performance Table 1

with previous quarter which has net loss Baht 1,056 million due to net gain on exchange rate. Net loss on exchange rate Baht 485 million of previous quarter turn to net gain on exchange rate in this

1,453.4 3.9% Income Tax (Expense) Income (6.4) (17.5) -63.4% (23.8) (44.2) -46.2% Profit attributable to Owners of the Parent 456.2 631.1 -27.7% 1,738.0 1,643.1 5.8% Foreign Exchange Gain (Loss) 10.4 124.9

has reported the features of the structured notes to be offered for sale to the SEC Office in accordance with the procedure specified in Clause 14; (3) the Company shall obtain a Board of Directors

(44.6) (18.2) 26.5 (59.3) Non-Controlling Interests (685.0) (0.0) 685.0 (100.0) Profit attributable to Owners of the Parent 369.5 1,980.9 1,611.4 436.1 Foreign Exchange Gain (Loss) 6.2 574.3 568.2 9,224.6

) (100.0) Gain on disposals of investments in subsidiaries 58.8 1.8 - - (58.8) (100.0) Interest income 3.6 0.1 5.2 0.2 1.6 44.2 Other income 168.0 5.0 70.8 2.1 (97.3) (57.9) Total Revenues 3,336.5 100.0

animals 4.84 0.27 2.56 0.13 0.18 0.01 - - 13.27 0.97 Gain on sales of animals 1.66 0.09 2.25 0.12 3.08 0.16 1.36 0.09 - - Gain (loss) on sales of fixed assets (0.04) (0.00) 0.37 0.02 (0.35) (0.02) (1.61

% YoY Sales revenue 3,654 5,219 -30% 3,704 -1% 16,225 19,472 -17% EBITDA 286 387 -26% 289 -1% 923 1,138 -19% EBITDA Margin (%) 7.8% 7.4% 0.4% 7.8% 0% 5.7% 5.8% -0.1% Stock Gain/(Loss) & NRV -24 -62 -61

-31% EBITDA 88 137 -36% 141 -38% 229 348 -34% EBITDA Margin (%) 2.7% 3.2% -0.5% 5.1% -2.4% 3.8% 3.9% -0.1% Stock Gain/(Loss) & NRV -58 -149 -61% -74 -22% -132 -382 -65% Adjusted EBITDA(1) 146 286 -49

July 2018 with a gain from business combination of Baht 276 million which should be amortised by Baht 12 million per annum along the PPA life. BGRIM started to consolidate BGYSP’s financial statement in