1,664.5 1,899.4 1,148.8 (234.9) (12.4) 515.8 44.9 Profit for the period 121.3 146.9 59.7 (25.6) (14.4) 61.6 103.2 Overall of the Thai economy in the middle of the Q1–2021 gradually improved after the mild

expenses 1,199.2 1,430.2 1,664.5 (231.0) (16.2) (465.3) (28.0) Profit for the period 166.2 151.7 121.3 14.5 9.6 44.9 37.0 Overall in the Q1-2022, the Thai economy improved compared to the end of 2021

maximize market opportunities in 2018.” 2. Outlook General economic conditions are favorable: there is growing expectation that Q4 2017 GDP growth in Thailand will have accelerated to 4.5% y/y (versus 4.3

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

purchasing power of consumers in middle-low income levels decline from the economic slowdown. While the total revenue from the core business increased 0.7%QoQ, driven by higher usage amount of other services

. Higher sales came from stainless steel sheets, coils and automotive exhaust pipes. In general, the demand for stainless steel has increased as a result of the well recovery of the domestic economy by the

worldwide and has affected the world economic conditions, and Thai economy has been affected since the middle of the first quarter, especially in the tourism and export sectors. Combining with the government

the countermeasures taken by the government to control social gathering activities, including travel restrictions and the closure of venues considered high-risk areas, the Thai economy in 2020 is

1,901.2 1,664.5 1,112.0 236.7 14.2 789.2 71.0 Profit for the period 136.9 121.3 50.4 15.6 12.9 86.5 171.6 Thai Economy in Q2–2021 was visibly affected by the third round of the COVID-19 epidemic. As the

Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the fiscal year 2021 expanded by 1.6% (y-y), recovering from a contraction of 6.2% from previous year, that