. Segments total may not match to IVL due to holdings segment. Excluding Feedstock price adjustment for captive sales to PET on freight saving. There are no impacts on regional or consolidated EBITDA. Summary

Best Regional Airline” and “Best Regional Airline in Asia” from SKYTRAX World Airline Awards 2017. These awards were evaluated based on the world’s largest airline passenger satisfaction survey, taken by

capture higher margins and create a more diversified chemicals portfolio. Regional Highlights Figure 2 :Regional Performance *Core Financials exclude IRSL **Internal reclassified region of Egypt Asia

; "World’s Best Regional Airline 2019" and "Best Regional Airline in Asia 2019" at The Skytrax World Airline Awards 2019. 6. In the second quarter, the Company received the Superbrands Thailand 2018 Award. The

these measures are incorporated into the business, and market circumstances. CRAs should give full effect to the IOSCO CRA Code subject to regional and national laws and regulations governing the

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

the overall headcount, savings in logistics costs and certain reclassification in SG&A versus COGS compared with last year, have all helped to reduce SG&A costs by 6% compared to the same quarter last

revenue Cost of sales Cost of goods sold consists of raw material and packaging, salary and wage of production staff, depreciation of property, plant and equipment, transportation and logistics and other

บริษัท เอน็ซีแอล อนิเตอรเ์นช่ันแนล โลจสิตกิส ์จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED ที่ NCL-M 03/63 วนัท่ี 27 กมุภาพนัธ ์2563 เรือ่ง ค าอธิบายและวิเคราะห์ของฝ่ายจัดการของ

บาท คิดเป็นร้อยละ 13.50 เนื่องจากในปีนี้มีการ รับรู้รายได้ค่าใช้จ่าย WICE Logistics (Shenzhen) Co.,Ltd. ซึ่งเป็นสัดส่วนที่สอดคล้องไม่แตกต่างไปจากเดิม โดยค่าใช้จ่ายในการ บริหารเมื่อเทียบกับรายได้อยู่ที่