บริษัท จี เจ สตีล จํากัด (มหาชน) G J Steel Public Company Limited GJS Management Discussion and Analysis Q2/2020 1. Operating Result Highlights Unit: million Baht 2nd Quarter 2020 2nd Quarter 2019 Pe

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2020 1. Operating Result Highlights 2. Changes in Accounting Estimates In

and its subsidiaries’ operating results for the quarter ended September 30th, 2018 Unit: THB Million Q3/2017 (Restate) Q2/2018 Q3/2018 YoY QoQ 9M2017 (Restate) 9M2018 YoY Total Revenue 39,009 45,558

” submitted to the SET on 6 th October 2017. 2. In July 2017, the government has announced a continuation of tax incentive program (Royal Decree 642) similar to last year. The investment in assets during the

considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1/2019 3 G J Steel Public

this quarter is considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1

& ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2017/18 1Q 2018/19 2Q 2018/19 QoQ (%) YoY (%) Operating revenue 978 1,077 1,208 12.2% 23.5% Cost of sales 387 392 537 37.1% 38.7% Gross profit 591 685 670 -2.1

Q4 which created a decline in mobile service revenue in this quarter. Following the EBITDA movement, AIS reported a net profit of Bt6,757mn, improved 7.1% YoY from better operating performance, lower

. Management Discussion and Analysis 2.1. Selected Financial Position and Operating Results 2.2. Cash Collection from NPLs and NPAs Management Businesses 2.3. Vintage Analysis 2.4. NPLs by Portfolio

company and its subsidiaries’ operating result for the 1st quarter ended 31st March 2020 Unit: THB Million Q1/2020 Q4/2019 QoQ Q1/2019 YoY Total Revenue 43,070 50,146 -14% 45,535 -5% Accounting EBITDA