3Q17, sales progress reached 91%. The project was due to complete in 3Q19. Management Discussion and Analysis 3Q17 & 9M17 Consolidated Financial Results Page 2 of 6 • In February 2017, the Company
value adjustment of investment due to reclassification in the amount of Baht 2,030 Million, net of corporate income tax. 4. On September 21, 2018, the Supreme Administrative Court rendered the judgement
the 16th of January 2020 onwards. March The Thai Government declared an Emergency Situation in all areas of the Kingdom of Thailand due to the outbreak of the COVID-19. Management outlook and future
managing costs appropriately and being more careful with investment plans. The Company expected that this quarter has the deepest contraction in transaction value, and the situation will be better due to
numbers are not restated by quarters with change in new accounting policy as not material. Though yearly numbers are restated. Note: Segments total may not match to IVL due to holdings segment, except
contrast, the Company recorded gain on exchange rate of Baht 38.03 million in the 1st quarter of 2019 due to the appreciation of AUD currency in relative to USD currency, resulting in the increase of asset
$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop
Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 March 2020 Executive Summary Thai Economy in the first quarter of 2020 happened into recession due to
better performance was mainly due to an increase of revenue form airport related businesses and unallocated revenues, together with a lower of major expenses of airline business which related to number of