implementation of the amended Thai Labor Protection Act 3 Adjusted EBITDA is calculated from Profit (loss) before income taxes, plus Finance costs, plus Depreciation and Amortization, deduct gain from exchange
within the next 12 months. The transaction is considered an acquisition of assets under the Notification of the Capital Market Supervisory Board. The calculated transaction value is 19.7% of total assets
percent based on the net tangible asset (NTA) criteria (calculated by using the information shown in the company's consolidated financial statements ended September 30, 2019). Upon including the transaction
10.8% 5,591 10.4% 288 5.2% Normalized EBITDA 4,045 7.5% 5,597 10.4% (1,552) (27.7%) Normalized profit for the period 1,104 2.0% 2,439 4.5% (1,335) (54.7%) (1) Percentage margin is calculated by dividing
fourth quarter of 2017 averaged at USD 375/mt. FOB, up from USD 370/mt. in the previous quarter. Chart of raw material reference prices on world market for Q1/2013 – Q4/2017 Processed price data from
previous quarter. Chart of raw material reference prices on world market for Q1/2013 – Q4/2017 Processed price data from: Metal Expert Hot Rolled the prices for hot-rolled coil on the world market during the
2017 averaged at USD 356/mt. FOB, up from USD 321/mt. in the previous quarter. Chart of raw material reference prices on world market for Q1/2013 Q2/2017 Processed price data from: Metal Expert Hot
Discussion and Analysis (MD&A) For Q3/2017 9 Chart of raw material reference prices on world market for Q1/2013 – Q3/2017 Processed price data from: Metal Expert Hot Rolled the prices for hot-rolled coil on
Processed price data from: Metal Expert Hot Rolled the prices for hot-rolled coil on the world market during the first quarter of 2016 to fourth quarter of 2018 had more fluctuated by moving from the lowest
world market for Q1/2014 – Q4/2019 Processed price data from: Metal Expert Hot Rolled the prices for hot-rolled coil on the world market during the first quarter of 2016 to fourth quarter of 2018 had more