and total liabilities stood at THB 6,714.9mn. • Debt to Equity ratio2 equals 1.00 times as of 31 March 2020, decreased from 1.04 times as at end of 2019. Operating result 1Q/2020 Revenue Source of
, the total amount of such shares will be pledged or undertaken by any action according to governing law to make the securities company have preferential right over such shares until the date before the
. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However, the information provided in this MD&A may vary if
amended) (the “Acquisition and Disposition Notifications”). The transaction size of the Transaction is equivalent to 31.108 percent as calculated based on the total value of consideration criteria, which
. Gross profit of the ethanol business rose 5%, YoY. This is due to the total sales volume of ethanol adjusting up by 29% from the same period of the previous year, in respect to molasses-based ethanol
purchase shares at the price of Baht 0.3823 per share, total investment value is Baht 50.00 million (par value of Baht 5.00 per share) which is accounted for 76.92 percent of paid-up capital. The transaction
quarter in 2019. The Europe region for IVL is expected to benefit from ramp up of various units as well as higher margins arising from Asia linked sales. Americas Production in Americas was up 5% YoY
Production makes up for 75% of IVL’s total. In 2018, it contributed to $791 million of IVL’s total core EBITDA ($1,441 million). This segment achieved a core EBITDA margin of 11% in 2018. Core EBITDA from this
million, respectively, a decrease of THB 19 million or 3.8% was wholly due to the difference of the exchange rates on the reporting date. - Translation - Page 5 of 6 Liabilities Total liabilities as of