3Q2016 predominantly from cost advantage from lower major feed material price and the growth in chicken export volume. In addition, the consolidated EBITDA in 3Q2017 was THB 896.18 million, an increase of

: +662 661 6664 1 3Q19 IVL Performance Summary IVL reported 3.3 mmt of production volume (5% organic and 18% inorganic growth yoy). Organic growth reinforces the demand growth in our business. Inorganic

brokerage risk = Brokerage risk * ความนาจะเปนที่ลูกคาจะไมมาชําระเงิน โดย Brokerage risk = STDEV of return on SET Index *2.58 * Trading Volume * mkt.share *จํานวนวนัที่ใชในการ clear position ทั้งนี้ ในการ

has applied the calculation from the volume weighted average price of the Company’s ordinary shares traded on the Stock Exchange of Thailand (“SET”) 7 consecutive working days prior to the date on which

: Core Financials of Consolidated Business Full Year Quarterly $million (except where stated otherwise) 2018 2017 2018 YoY 4Q18 3Q18 4Q17 4Q18 YoY Production Volume (kt) 10,419 9,103 14% 2,818 2,730 2,306

requirement by the Bank of Thailand with the capital adequacy ratio as of end of March 2021 at 16.75%. For Capital market business, the market share (SET and mai excluding proprietary trading) of Kiatnakin

Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876 733 HRC Average Selling

Year 2017 Year 2016 Pe rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876

1 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 Unit: million Baht Year 2018 Year 2017 Pe rfo rm an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447 812