of the product to the worldwide level and increase competence and capability of the company continuously and sustainably. 2. Business Outlook on Q2/2018 Management’s Discussion and Analysis (MD&A) For

company is still positive to see an improving of metal spread comparing to Q4/18. 2. Business Outlook on Q4/2018 Own production Tolling Total Own production Tolling Total HRC Sales (k tons) 226 192 418 182

Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 2/13 2. Business Outlook The Domestic HRC prices were severely

( % ) Source: BOT and Ministry of Public Health 2019 2020 2021E 2022E Th ailan d 2 n d V accin atio n R ate (% P o p u latio n ) Outlook TOWARD 2022 Business 2022 Strategies Plan After you (Domestic) After you

follows; 1.1 Sales of Biodiesel, Edible oil Refined Glycerine, Raw material and By-product ▪ For the year 2022, The sales volume decreased by 10.58% and the revenue from Biodiesel business decrease by

Products to Capture Changing Consumers Demands In Q2/2022, the Company has continued to launch new and unique products, both by developing new differentiated products with business partners such as the

Convention Center branch and Suvarnabhumi Airport branch. As a result, the Company will have 5 (Luggaw) branches by the end of 2022. Expanding Business Abroad The Company continues to look for opportunities

Phnom Penh, Cambodia. Significant Event a n d B u s i n e s s D i r e c t i o n : Trends of the restaurant business in Thailand (Billion baht) Forecast of the Thai restaurant market in 2023-2025 The

% 3.64 0.03% (2.26) (38.34%) Finance cost 23.03 0.16% 26.01 0.19% 2.99 12.97% Profit before income tax expenses 254.72 1.77% 215.95 1.60% (38.77) (15.22%) Income tax expense 49.05 0.34% 45.71 0.34% (3.34

down; Such Right Offering ratio is determined in such a way that the Company shall raise the total amount of the capital increase of THB 100,000,000 for its business operation through allocating newly