1 Management Discussion and Analysis for the period ended Q1/2021 Ref. SPVI 006/2021 Business Overview for Q1’2021 The operating results for the three-month period ended 31 March 2021 of S P V I

/21)  2020  (01/01/20  -31/12/20)  2019  (01/01/19  -31/12/19)  2018  (01/01/18  -31/12/18)  Accounting Type Consolidate Consolidate Consolidate Consolidate Operating Cash Flow 14.70 149.29 -10.33 81.56

Public Company Limited and its subsidiaries (“the Company”) would like to clarify herewith the financial position and operating result for the 3-month period ended 31 March 2020 as follows:- Financial

Microsoft Word - 2020_Q1_MDA_ENG Ocean Glass Public Company Limited Page 1/3 Management Discussion and Analysis Operating Results In the 1st quarter of 2020, Ocean Glass Public Company Limited and

Company’s gross profit of 17.81 million baht (28.48%), because in 2020 there was no operating result of subsidiaries LG Container Lines Company Limited (in Thailand) and SKK Inter Logistics Company Limited

280.62 16.5 * excluding fuel cost Increase (Decrease) % Quarter 1 The operating result for the 1st quarter of 2020 showed the profit (attributable to owners of the Company) of THB 1,360.82 million

-9.6% Administrative expenses 341.9 12.5% 435.6 16.3% 93.7 27.4% Total Expenses 564.3 20.6% 636.7 23.9% 72.4 12.8% Operating Profit 344.5 12.6% 352.6 13.2% 8.0 2.3% Finance Cost 120.1 4.4% 150.3 5.6

-One coal-fired power plant, which account for 67% of the total Normalized Net Income decrease. In 2Q2020, GHECO-One continued solid operating performance with zero unplanned outage in 2Q2020. However

and mountain areas, and also expanding to the online media and agency service. Operating Results Overview Operating results in the separate financial statements of the Company for the three-month and

No. IFS 061/2562 11 November 2019 Subject Management Discussion and Analysis of the 3rd Quarter 2019 Operating Results Dear Governors and President Market for Alternative Investment (mai) Infraset