steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business

estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The raw material reference prices on the world market are

industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The

competition in the main products such as copper, aluminum and stainless pipes in accordance with lower in global raw material prices and increasing competition. The sales of company and it subsidiaries mostly

sugar tax and excise tax effective in Oct’19. “Fit Fast Firm” project deliverables in 2019 are lower raw material and packaging costs, packaging optimization, new lighter weight bottles and more

to maintain profitability through effective marketing to boost sales, while increasing efficiency in the management of raw material costs and other expenses. Nonetheless, from the aforementioned

USD/Ton. The increase in crude palm kernel oil price in quarter 3/2017 was resulted from the higher demand as it can be raw material that substitutes coconut oil of which price was rising from tight

during the 1st Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from

Mn % (1) Revenue from Restaurant Business 665.2 90.0% 214.8 68.4% -67.7% Revenue from Sales of Raw Material 49.0 6.6% 17.7 5.6% -63.9% Revenue from Food Delivery & Catering 18.3 2.5% 67.8 21.6% 270.5

NRV (2) Extra items were from raw material derogation and deferred tax assets/liabilities. Exhibit 2 : Sales revenue and Adjusted EBITDA breakdown by business unit comparison of 4Q2019 vs. 4Q2018 vs