Quarter 1 Ending 31 March 2019 G Steel Public Company Limited Page 5/12 Current liabilities decreased Baht 1,272 million derived from: • Trade accounts payable decreased Baht 1,210 million, mainly came from

1,491 million. To compare with the year ended 2017 increased THB 298 million or 5% increased, this was a consequence of: 1. Trade accounts payable increased by THB 901 million, which is payable for raw

rental from lock down Net FX gain was Bt344mn in 2Q20, turned positive, compared to FX loss of Bt422mn in 1Q20 as THB had appreciated approximately 5. 4% QoQ against USD and higher Capex payable compared

against USD. In general, AIS has policy to mitigate currency risk using forward contract to partially cover capex payable. Finance cost was Bt1,386mn, decreasing -11%YoY due to lower interest rate and

general, AIS has policy to mitigate currency risk using forward contract to partially cover capex payable. Finance cost was Bt1,460mn, decreasing -5.5%YoY due to lower interest rate while increasing 5.4%QoQ

loss was incurred from THB depreciation against USD. In general, AIS has policy to mitigate currency risk using forward contract to partially cover capex payable Finance cost was Bt1,414mn, decreasing

Bt250,467mn, declining -0.3% from the end of 2022. Interest-bearing debt stood at Bt80,790mn, decreased by -4.3% following the debt repayment. Net debt to EBITDA (excluding lease liabilities and license payable

. Interest-bearing debt stood at Bt90,882mn, increased by 7.7% following the new bonds issuance. AIS net debt to EBITDA (excluding lease liabilities and license payable) remained healthy at 0.8x. Total equity

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

account receivables THB 476 million (3) Other liabilities increased by THB 674 million (4) Trade account payable increased by THB 606 million (5) Other short term liabilities reduced by THB 1,334 million