Chemicals Public Company Limited | 2 % Adjusted EBITDA Margin Quarter 2/2016 Quarter 1/2017 Quarter 2/2017 Business Unit Methyl Ester 7.2% 6.2% 6.3% Fatty Alcohols 6.3% 11.3% 24.7% Management’s discussion and

the dividend from investment in Union Nifco Company Limited. 4. Gross profit margin slightly increased from the previous year because the Company adopted the measures on reducing expenses, such as

of 21.9 percent from the previous year, which was a result of a decrease in sales. The Company had a gross profit margin from the consolidated financial statements of 2019, it was equal to 3,242.3

net profit margin of the Company in 1Q 2018 was therefore (8.9)%, versus 5.8% in 1Q 2017. SEGMENTAL PERFORMANCE 1Q 2018 REVENUE CONTRIBUTION BY SEGMENT 1Q 2018 REVENUE GROWTH CONTRIBUTION In 1Q 2018

91mn from a net loss of THB 162mn over the same period in the previous year. The net profit margin of the Company in 2Q 2018 was therefore (14.2)%, versus (21.7)% in 2Q 2017. SEGMENTAL PERFORMANCE 2Q

period in the previous year. The net profit margin of the Company in 3Q 2018 was therefore (21.7)%, versus (56.0)% in 3Q 2017. If losses related to impairment of assets of THB 355mn and one-off items

manage production of the Company, the Company can generate cash margin by Baht 1,223 per ton for the 3rd quarter in 2017. Management’s Discussion and Analysis (MD&A) For Q3/2017 2 In this quarter, the

selling price of hot-rolled coil for the year in 2017 increase around 18.54% comparing with last year together with the well manage production of the Company, the Company can generate cash margin by Baht

1,336 HRC Average Selling Price (Bht./Ton) 18,529 16,348 HRC Cash Margin (Bht./Ton) 1,848 2,427 Unit: million Baht 2017 2016 Gr ou p Total Assets 32,172 32,615 Total Liabilities 19,781 21,747 Total Equity

the Company invested in both two phases of flexible packaging for the purpose of the Company, this would lead to a higher gross profit margin as flexible packaging products had higher margins than sack