6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading

attack of the large Saudi Arabian refineries in this past September. During this quarter Bangchak refinery had a utilization rate of 110. 8 KBD due to the planned maintenance of the Hydrocracking Unit to

recorded total sales volume increased 5% YoY, mainly from the retail market increasing by 7% YoY, stemming from the company’s strategy to focus on expanding its customer base, and to actively push the sales

improved from the previous quarter, due to demand for loans from large corporates and SMEs, especially in businesses related to exports and government construction contracts. Demand for loans from the

luxury condominium projects, “the Estelle Phrom Phong” and “TAIT 12” with the first week pre-sales volume of more than 40% and 60% of the project value, respectively. November Appointed Mr. Bancha

amount. For the quarter, the market volume of energy drink industry in Thailand contracted by 13.4% while Carabao Dang energy drink remained the 2nd largest brand, commanding 21.4% volume share

Business Quarterly Last Twelve Months $million (except where stated otherwise) 2Q19 1Q19 2Q18 2Q19 YoY LTM 2Q19 LTM 2Q18 LTM YoY Production Volume (kt) 3,148 2,966 2,546 24% 11,662 9,564 22% Consolidated

. Increasing household debts and loan rejection rate of financial institutions are the major obstacles. In the past, the strategy of the Company emphasizes the development of large-scale projects focusing mainly

institutions has become very strict and loan rejection rate has been rising. In addition, the projects developed by the Company are large-scale, resulting in an increase inventory. The Company, therefore

large infrastructure projects will continue to support the economic growth and help bolster private investment recovery going forward. Nevertheless, monetary policies in the US and Europe necessitate