. Highlights Unit: million Baht 1st Quarter 2020 1st Quarter 2019 P er fo rm a n ce Revenues 2,696 3,398 Sales Volume (k tons) 170 177 EBITDA (191) (87) Net Profit (Loss) (476) (432) H R C HRC Sales (k tons) 170

Management’s Discussion and Analysis (MD&A) For Q1/2018 1 1. Highlights G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q1/2018 Unit: million Baht 1st Quarter 2018 1st Quarter

Management’s Discussion and Analysis (MD&A) for year 2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) for year 2017 Unit: million Baht 2017

) Unit: million Baht 2017 2016 Gr ou p Group Revenues 25,705 21,684 Group EBITDA 2,306 1,555 Group Net Profit (Loss) 365 (1,048) HR C HRC Sales (k tons) 1,381 1,326 HRC Production Volume (k tons) 1,429

metric tons, decreasing 7.65% for the thick gauge compared to the same period of previous year. Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) Quarter 3/2016 Quarter 3/2017 % Change Production

Investment in Unit of Real Estate Investment Trust

Microsoft Word - GSTEL Template MDA ENG Q2-2017 SK.doc 1. Highlights G Steel Public Limited and its Subsidiaries Managements Discussion and Analysis (MD&A) Q2/2017 GSteel Unit: million Baht 2 nd

2020 onwards Buildings 30 - 50 (Useful lives will be expired maximum in year 2059) 25 - 40 (Remaining useful lives not over 15-25 years from 2020) Unit : million Baht Q2/2020 Q2/2019 Group Revenues 4,713

Exchange (Baht 58 million). The Consolidated Net Loss stands at Baht 869 million against Baht 431 million due to drop in sales volume and selling prices. Unit : million Baht Q 3/2019 Q 3/2018 Group Revenues

Baht 946 million. - Restructuring of SBLC into deemed loan of USD 12.8 million. Unit : million Baht Y2019 Y2018 Group Revenues 17,416 29,966 Group Net Profit (Loss) 1,457 (2,358) HRC Sales (k tons) 970