1 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Operational Summary in 2Q20 (affected by Covid-19 pandemic and measurements from government) • Net

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

Bangkok Commercial Asset Management Public Company Limited Page 1 13 December 2019 Subject Management Discussion and Analysis for nine-month period ended 30 September 2019 To The President The Stock

Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 1st Quarter 2018 Best Performance Since IPO  Core EBITDA of $326 million – 49% increase year-on-year  Core

not always tally with consolidated financials due to elimination of Intra-company. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 7 4Q19 Segment Analysis Integrated PET The overall

always tally with consolidated financials due to elimination of Intra-company. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 5 3Q19 Segment Analysis Integrated PET PET volumes are up 22

closing exchange rates where applicable. The Company has presented the analysis in the MD&A in US$ as it believes that the business can be explained better in US$ terms. However, THB numbers are also given

due to elimination of Intra-company. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). Indorama Ventures 1st Quarter 2020 MD&A 5 1Q20 Segment Analysis Combined PET With the resilience in

PowerPoint Presentation SYNERGIZING POWER & UTILITIES FOR THE GLOBAL FUTURE MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion