the guidance. FY19 performance & FY20 outlook FY19 performance tracked in-line with all guidance. Service revenue of Bt140,454mn grew 5.3% YoY vs guidance of mid- single digit growth. EBITDA reported

mainly caused by the increasing price of graphite electrode and higher repair and maintenance cost and the proportionate of an increased in raw material cost is greater than an increased in HRC market

last year which are mainly caused by the increasing price of graphite electrode and higher repair and maintenance cost and the proportionate of an increased in raw material cost is greater than an

ratio. Information on capacity can be found on the OECD website. The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more

global raw materials and the increasing in competition among entrepreneurs under the situation of excess supply from products and raw materials coming in from various countries. Therefore those factors

, raw materials, were also increased in the same trend of HRC price, nevertheless, the Company was able to maintain growth in metal spread in this quarter rose to THB 8,093 per ton, increasing from the

a result of the relaxation of COVID-19 control measures. In addition, the Company achieved higher sales of raw material to Mikka Café franchise. R E V E N U E : • The Company’s gross profit in Q1/2022

Management’s Discussion and Analysis (MD&A) Page 3 of 15 Diversification into Mixed-use Development Projects In 1Q20, two new residential projects; ESCENT TOWN PHITSANULOK and NINYA KALLAPAPRUEK are launched as

high probability towards 2018 and afterwards, if China and major steel producing countries do not adequately use effective measures for steel production control. Chart of world steel production capacity

use effective measures for steel production control. Chart of world steel production capacity utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron