MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2020 2 1. ANALYSIS OF FINANCIAL PERFORMANCE (CONT.) EBITDA (Million Baht) 1st Quarter 2020 2019 YOY % Operating profit 431.92 457.27

(Translation) May 15, 2019 Ref: SET-2019-008 Re: Management Discussion and Analysis for Quarter 1’ 2019 Attn. to: President The Stock Exchange of Thailand Filter Vision Public Company Limited and its

MD&A Y2019 (E) - Final RATCH Group Public Company Limited Management Discussion and Analysis For the Year Ended December 31, 2019 Management Discussion and Analysis For the Year Ended December 31

by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has

automotive customers in Siam Eastern Industrial park and others increased qoq contributing this quarter's net profit (of the Company) to significantly increase by 36% qoq. Regarding measures in response to

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Q1’20 Consolidated Financial Results 12 May 2020 Q1’20 Management Discussion & Analysis Page 1/6 Financial Highlights

increase of 33.41% from the previous year. GFPT Public Company Limited Management Discussion and Analysis for the Year 2018 Page 2 of 14 Overall Financial Performance and Profitability Business Segment of

Stock Exchange of Thailand Filter Vision Public Company Limited and its subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the Year 2017 with the

INDORAMA VENTURES PUBLIC COMPANY LIMITED 75/102 Ocean Tower 2, 37th Floor, Asoke Road, Klongtoey Nuer, Wattana, Bangkok 10110, Thailand Tel. 02-661-6661 Fax. 02-661-6664 www.indoramaventures.com ที่