. Hygiene fibers core EBITDA remained flat QoQ and declined 34% YoY due to delay in pass through of strong polypropylene prices, heightened by the Polar Vortex in the US, which negatively impacted performance

% YoY and 8% QoQ, since fundamental factors supporting the overall purchasing power remained soft and did not cover all areas, especially in the low income consumers, although overall private consumption

marketing strategy. 9M’19 Functional drinks market growth remained strong at 21.9%, driven by C-Vitt, a No. 1 brand in functional drink market with the market share of 25.5%. In Q3’19, C-Vitt market share

times. Debt to equity ratio was at 0.91 times and Debt service coverage ratio (DSCR) remained strong at 2.25 times.

2019, the price of pig iron remained stable at the same level while the price of scrap started to fall continuously. Thus it will become more challenging for the global steel industry participants in all

0.94 times in-line with increasing in payable for purchase of fixed assets following to the progress of Tubma construction project and Debt service coverage ratio (DSCR) remained strong at 2.20 times.

2016. Average collection period in 2016 remained 49 days, similar to the previous year. Most receivables were those who was not yet due for payment and has no problems on debt collection because they are

NNP attributable to owner of the parent remained at 59.1% which is in line with economic ownership that we have in the operating projects. 4 2. FINANCIAL PERFORMANCE 2.1) Revenue structure 6M'2016 6M

Discussion and Analysis | 2 Executive Summary In quarter 3/2017, palm oil production both in Thailand and International Market continuously remained high after the impact from El Nino has ended. Thailand crude

comparing to the same period of the previous year. Mainly due to the higher sales from the economic recovery and the good gross margin remained of the metal products, especially the automotive exhaust pipes