6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

% compared to Q1/2019. Total water sales volume was 64.85 million Cu.M. (excluding internal usage for tap water production of 6.65 million Cu.M.), decreased by 4.61 million Cu.M., or -6.64% due to East Water

against the US dollar and Euro in the period, which resulted in THB sales declining by Bt111 million (Table 1). The drop in revenue in 1Q19 was mainly pressured by a decrease in sales volume by 1% Q-o-Q and

, while consignment usage was lower at Bt760 million (Table 3). The Y-o-Y decrease in revenue was due mainly to a 14.8% decrease in sales volume (Table 4), and due partly to the strengthening of the Thai

Business Quarterly Last Twelve Months $million (except where stated otherwise) 2Q19 1Q19 2Q18 2Q19 YoY LTM 2Q19 LTM 2Q18 LTM YoY Production Volume (kt) 3,148 2,966 2,546 24% 11,662 9,564 22% Consolidated

in charge of Accounting and Finance of ICHI, knew the inside information related to ICHI's financial statement year 2016, which would show a decline in the net earnings resulting from net operating

Mr. Warot Norkeo 1. During 16 February 2015 – 29 July 2016, Mr. Warot, the assistant auditor holding the manager position, used inside information on the operating results from the fourth quarter of

were not recognized as sales revenue this quarter in accordance with relevant incoterms. The Y-o-Y decrease in revenue was due mainly to a 13% decrease in sales volume (Table 4) and due to the

increase in sales volume by 12% Q-o-Q and 8% Y-o-Y (Table 5), particularly of special grade products, and a ramping up of production from sales contracts won in previous years. Nevertheless, sales revenue

higher selling price and higher sale volume in CNF incoterm, while lower unit sold and appreciation of Thai baht against US dollar. . Cost of goods sold and expenses Three-month (Thousands Baht) Change