quarter of 2017 had continuously decreased from its peak at 2,700 United States Dollar per ton on 31 January 2018 to 1,740 United States Dollar per ton on 30 June 2020. Such decrease resulted in a decrease

due to the recognition of special profits, while loan growth and credit quality were affected by the economic slowdown. The combined net profit of the commercial banking system was Baht 270.9 billion, a

" 4G"7 LH/!I /9 -9: I L:H-9 !XGI 9 !"HIO-9:4G" 2/2560 8 2 2559 2560 Total Apparent Finished Steel (Unit : Tons) Quarter 2/2016 Quarter 2/2017 % Change Production 2,407,293 1,707,444

variable cost side, particularly fuel, are not yet apparent. However, going into Q2 and the rest of the year variable cost savings will add to EBITDA as we see the impact of standardizing fuel across the

incentive programs through the operations. The impact of lower volumes was apparent as H1 2019 EBITDA decreased by 21% from the year previously. In H1 price has met expectations and every effort will be made

steel which increasing compared to the same period of previous year. Table: The production and the domestic demand of Total Finished Steel in Q1 2019 and 2020 Total Apparent Finished Steel (Unit : Tons

costs. Lower volumes again apparent impacted on YTD 2019 EBITDA which has decreased by 23% from the previous year. In Q3 price has met expectations and every effort will be made to maintain the positive

. According to ISITAs data, total apparent finished steel consumption of Thailand for the first 6 months of 2017 was at 8.3 million tons, decreased by 16.4% compared to the same period of last year, while flat

loan utilized in the acquisition of Outrigger Hotels in 2018 and other projects during the past year 2 Non-recurring items is defined as realized gains on exchange rate, expenses relating to the Combined

% (162.7) (14.2%) (199.4) (542.9%) 1 Non-recurring items is defined as expenses relating to the Combined Offering, pre-operation expenses for Project Crossroads Phase One, and gain on disposal of share of JV