services. G R O S S P R O F I T a n d G R O S S P R O F I T M A R G I N : • The Company’s EBITDA in Q3/2022 and 9M/2022 were THB 81 million and THB 223 million, respectively, increased by 238% from Q3/2021
or purchasing through food delivery services. G R O S S P R O F I T a n d G R O S S P R O F I T M A R G I N : • The Company’s EBITDA in Q4/2022 and 2022 were THB 83 million and THB 306 million
institutions and cash and cash equivalent 3,794 million baht, which is sufficient for the Company’s operation and debt payment. Credit Ratings The Company has received credit ratings and have them reviewed
quarter, because there is no sale of written-off receivables in this quarter. However, in comparison of the 9M/2023’s revenue to the same period last year, the revenue from credit card increased 5%, in line
government's relaxation of COVID-19 control measures. Businesses and educational bodies were able to resume regular operations, leading to a return to work and conventional teaching methods on physical sites
sufficient for the Company’s operation and debt payment. Credit Ratings The Company has received credit ratings and have them reviewed annually by accredited credit rating agencies such as Fitch Rating and
equity 2,643.35 100.00% 2,937.23 100.00% 293.89 11.12% Page 7 of 9 Management Discussion & Analysis Q1/2024 Financial position analysis as of 31 March 2024 Assets As of March 31, 2024, the Company’ s total
financial institutions and cash and cash equivalent 4,286 million baht, which is sufficient for the Company’s operation and debt payment. Credit Ratings The Company has received credit ratings and have
increase in production volumes resulting in economies of scale. G R OS S P R O F I T a n d G R OS S P R O F I T M A RG I N : Q 3 / 2 0 2 4 K e y F i n a nc i a l H i g h l i g h t s 1 1EBITDA Margin and Net
Portugal) and higher cost of raw materials. Profit after tax and NCI of $819 million, up 33% YoY. TRIS Rating (an S&P partner) upgrade IVL to AA- from its earlier rating of A+. Indorama Ventures 2018 MD