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

1 Core Financials of Consolidated Business 5 Table 2 Segment Results (New segment) 7 Table 3 Major Projects Update & Recycling Growth Plan 8 Table 4 Cash Flow Statement 11 Table 5 Debt Profile 12

million, decreased by 80.61% or Baht 77.63 million when compared to 2018, YoY. The contribution was mainly from. Revenues Total Revenues The Company and its subsidiaries registered consolidated total

7.01 40.54% Consolidated financial information The gross profit increased Baht 11.83 million or 20.58%; from Baht 57.49 million in quarter 1/2017 to Baht 69.31 million in quarter 1/2018, due to following

Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the Separate and Consolidated Financial Statements of the year ended December 31, 2018. The details

Furnitech Public Company Limited (“the Company”) would like to report on Management Discussion and Analysis from the Separate and Consolidated Financial Statements of the 1st quarter ended 31 March, 2019. The

of THB 28.6 million whereas the Company’s tax expense was THB 10.2 million. Therefore, the consolidated tax was net income for the amount of THB 18.46 million. Operation : Consolidated Profit & Loss

statement for the first quarter period ended March 31, 2020, details are as follows: The operating results of the consolidated financial statement for the first quarter period ended March 31, 2020 The

2.03 27% Core EBITDA/t (US$/t)) 107 100 94 14% 97 86 13% Net Operating Debt to Equity 0.84 0.80 0.99 0.84 0.99 Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

Flow Statement…………………………………………………………………….………… 16 Table 8 Debt Profile……………………………………………………………………………………….…… 17 Table 9 Joint Ventures Performance……………………………………………………………………. 18 Table 10 IVL Consolidated