E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017 maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the...

, KBank was one of only 28 included in the DJSI World Index and one of only 14 included in the DJSI Emerging Markets Index. The selection reflects international recognition of KBank’s efforts to achieve

as to increase its efficiency to meet market demand, contribution of information on procurements leading to the selection of quality raw materials at the reasonable price. At the same time, the board

customer risk profile. Credit policy has been tailored for each customer segment. Industry pre- screening criteria, which can be used as a guideline for customer selection, have been established to classify

utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated

, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second quarters of 2016 and

. Definitions Core EBITDA is after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the

subsidiaries recorded allowance for non- movement inventories in amount of THB 2.88 million and allowance for decline in value of inventories in amount of THB 29.97 million which accounted only 0.92% of total

for non- movement inventories in amount of THB 2. 88 million and allowance for decline in value of inventories in amount of THB 12. 02 million which accounted only 0.40% of total inventories value. It

after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the previous reported