decreasing in overall sales volume. The consolidated gross profit margin contributed of 13.12% in 1Q2018, decreased from 15.28% in 1Q2017. The participating loss from associates was THB 44.72 million in 1Q2018

Change +/(-) QoQ YoY Power Sales volume (GWh) 7 7 6 (8%) (6%) Average selling price (Baht/kWh) 9.78 9.32 11.39 22% 16% Chilled water Sales volume (Thousand RT) 6,900 6,707 6,886 3% (0%) Average selling

666.73 million which increased by Baht 60.62 million or 10% from the previous year. Such change was in line with the sales volume and additional overhead expenses from the new factory located at Amata City

Limited Page 1/14 Management Discussion and Analysis for year 2019 1. Highlights Unit: million Baht Year 2019 Year 2018 P er fo rm a n ce Revenues 12,923 29,910 Sales Volume (k tons) 710 1,447 EBITDA (271

1 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 Unit: million Baht Year 2018 Year 2017 Pe rfo rm an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447 812

G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Unit: million Baht Year 2018 Year 2017 Pe rf or m an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447

, driven by volume and recognition of value from our customers and was as per our plan despite the fact that costs of raw materials and fuel was well above last year same period. Maintenance and HR expenses

Bank and its Subsidiaries Million Baht Item Quarter Change (%) 1/2019 4/2018 1/2018 4/2018 1/2018 Net profit * 9,028 8,101 9,005 11.4% 0.3% Earnings per share (Baht) 4.73 4.24 4.72 11.4% 0.3% Net

) -205% -183% 5,608 2,463 -56% Basic earnings per share (Baht) 1.07 1.35 (1.12) 4.07 1.79 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and share of profit associated

Year 2017 Year 2016 Pe rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876