of last year. Please be informed accordingly. Yours sincerely, (Surin Prasithirun, M.D.) Managing Director Ratio Analysis : Consolidated Financial Statements 3Q 3Q Unit : THB million 2019 2018 Returns

2019 Returns (%) Return on Assets * 15.5% 10.9% Return on Equity * 18.6% 13.7% Working Capital Management (Days) Trade Receivable Period 71 74 Inventory Period ** 42 31 Trade Payable Period 53 51

products such as welding wire for galvanized steel and galvanized paint. The aim is to build strong growth and sustainable returns by practicing good governance along with developing the society, community

informed accordingly. Yours sincerely, (Surin Prasithirun, M.D.) Managing Director Ratio Analysis : Consolidated Financial Statements 1Q 1Q Unit : THB million 2020 2019 Returns (%) Return on Assets * 18.6

spending and large cloud projects. AIS enterprise continue the focus on core connectivity products, strengthened through partnerships aimed at delivering higher returns in targeted industries. Market and

drive the economy. It is a fundraising channel for entrepreneurs who seek access to funding sources, and it is a channel to save money and generate returns from the investment of the people with a wide

to providing Thai people with additional saving and investment choices and opportunities for higher long-term returns on investment, the association has emphasized the educational trainings on capital

member companies use CG Scoring as a key factor for making investment decisions to earn good and sustainable returns for investors. We also pay serious attention to anti-corruption policies as corruption

[day/month/year] 2 Sequence of debt repayment in the case of the bankruptcy or the dissolution of the issuer. Characteristics and Conditions on Returns (principal/interest) Important Warnings Special

2018 and for the full year in 2019. The advantages of Figure 2: IVL’s Business Profile Figure 3: Margins and Returns Note: Core Financials, all ratios are based on US$ calculation Note: Core EPS for 2013