, 2019 Page 1 Executive Summary Unit : Million baht 2019 2018 Total revenues * 15,668.94 14,780.73 888.21 6.0 Total cost and expenses * 9,573.18 8,346.74 1,226.44 14.7 Gain (Loss) on foreign exchange

Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 1 Executive Summary 2019 marked our first year in the second phase of the Company’s 9-year strategic journey (2019

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

(loss) for the year (1,353) (836) 62% Basic profit (loss) per share (in Baht) (0.063) (0.060) 4% Table 4: Summary of Financial Results GJS บริษัท จ ีเจ สตีล จํากดั (มหาชน) G J Steel Public Company Limited

lower interest expense. Table 2: Consolidated Results Summary Revenue from rent and services 6,218 6,530 6,518 (0%) 5% Retail 6,049 6,359 6,321 (1%) 5% Office 169 170 197 15% 16% Other supportive

Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year

(Unit : Tons) Quarter 1/2018 Quarter 1/2019 % Change Production 1,967,321 1,705,204 -13.32% Import 2,842,507 2,851,271 0.31% Export 436,428 399,792 -8.39% Consumption 4,373,400 4,156,683 -4.96% Source

the year (72) (451) (84%) Basic profit (loss) per share (in Baht) (0.0034) (0.032) (89%) Table 4: Summary of Financial Results 6 G J Steel Public Limited Management Discussion and Analysis Quarter 2

) (0.031) (0.022) 39% Table 4: Summary of Financial Results GJS บริษัท จี เจ สตีล จ ำกัด (มหำชน) G J Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J

% Basic profit (loss) per share (in Baht) (0.019) (0.031) (40%) Table 4: Summary of Financial Results GJS บริษัท จี เจ สตีล จำกัด (มหาชน) G J Steel Public Company Limited Management Discussion and Analysis