Group’s ROE increased from 26.37 percent as at end of 2019 to 33.67 percent as at June 30, 2020 or an increase of 7.30 percent, due to an increase in annualized - 7 - projected annual net profit of 22.75

and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. 3 For 2020, the Thai economy is projected to contract significantly due to (1

forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 6 The world steel production capacity utilization ratio swung between 67.6

a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 6 The world steel

recover together with the liberalization of international trade begins to effective; rely on the time frame that each party has made a long-term agreement. It is forecasted that the demand and supply of

made a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Remarks: 1. For antitrust reasons, worldsteel no longer produces a monthly global capacity

. The Committee viewed that the Thai economy would expand at a slower rate in 2020 than previously forecasted and much further below its potential due to the outbreak of coronavirus, the delayed enactment

recovered. Bank of Thailand has adjusted down Thailand economic outlook forecast to a contraction of 8.1% for 2020, instead of 5.3% contraction previously forecasted. The crisis of the COVID-19 pandemic has

business cycles. These segments are also poised for healthy growth momentum and thereby support IVL overall growth strategy. IVL foresees the ability to invest $3 to 4 billion of projected free cash flow

lowering the policy rate. According to the BOT’s Thailand economic outlook, the Thai economy is projected to contract by 5.3 percent in 2020 (under the key assumption that the Covid-19 outbreak in Thailand