the full effect of Saraburi Quicklime addedon March 19th. Similar to Q1 2018, the revenue was from core business, that is a major shift compared with H1 2017 when the contribution of Engineering was a

Restaurant Business During the Period (THB Mn) 2,020.0 2,046.5 Same-Store Sales Growth: SSSG (%) (2) 7.4% -5.3% Growth of Revenue from Restaurant Business (%) 19.7% 1.3% Remark: (1) Outlets owned by the Group

) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV % Adjusted EBITDA Margin Quarter 3/2016 Quarter 2Q/2017 Quarter 3Q/2017 Business Unit l Methyl Ester 9.7% 6.3% 3.4% l Fatty

million liters of Q1/2017. * Note: Total Flights was data of flights that serviced by BAFS only at BKK and DMK Growth (y-o-y) Aviation Refuelling Services Business : Aviation Fuel Volume (million litres

Thai restaurants in the UK in 4th quarter of 2017. In consideration with the total 526 branches of restaurant and bakery shop in both domestic and international business that company currently operate

1 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Management Discussion and Analysis Q1-2020 14 May 2020 KEY EVENT IN Q1-2020 After UWC announced a corporate and business strategy restructuring in

key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy to Steel

changing in many key management positions and business strategies in order to enhance efficiency and growth. Under new structure, UWC shifted the focus from less competent business such as renewable energy

1,966 million for 9M’2016 to Baht 2,346 million for 9M’2017, primarily due to the improvement of our operating profit margin and the reduction of financing cost resulting from the repayment of loan after

1,205 million, an increase of 0.1% YoY, mainly due to financial statement adjustment in accordance with new Thai accounting standards. Details are as follows:  Domestic Branded Business sales decreased