178,932.23 199,977.80 Liabilities and Equity Current Liabilities 80,478.47 93,490.33 Non-Current Liabilities 200.00 1,950.57 Equity 53,940.09 70,333.92 Total of Liabilities and Equity 178,932.23 199,977.80

Financial cost (0.31) (0.06) (0.69) (0.15) 0.38 (54.95) Profit (loss) before income tax expenses (32.74) (6.05) (31.11) (6.59) (1.62) 5.52 Income tax (expense) revenue 5.65 1.04 (7.33) (1.55) 12.98 (177.07

(expense) revenue 0.65 0.56 0.11 0.09 0.54 473.20 Profit (loss) for the year (10.29) (8.79) (7.52) (6.18) 2.77 36.78 Other comprehensive (expense) for the period, net of tax (0.16) (0.14) 0.00 0.00 0.16

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

in Amata City Industrial Estate with 133 MW installed capacity, has 97.7% construction progress and target to commence COD on October 1, 2018 and expect to record revenue in Q4’2018. Solar WVO

and target to commence COD and record revenue in December 2018. Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW have 92.6% construction progress. The COD schedule has

in 6M’2020 to THB 22,466 million, despite the COVID-19 pandemic. This was because the majority of revenue (above 70%) had no impact from COVID-19 while we continued adding new capacity (by 820 MW from

due to lower prices. Net debt to equity is at 0.99 times, well below IVL’s covenants, and supported by stronger operating cash flow. The dividend payout of THB 1.225/share for 2019 remains higher than

(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides

year 2020. Most of total liabilities were deposits, accounting for 87.4% of total liabilities. Owners’ Equity As of 31 March 2021, owners’ equity amounted to Baht 38,484.9 million, decreased by Baht