: World Steel Association Source: World Steel Association Such the situation showed that global crude steel production continues to increase and was moving in line with the world economy which related to

Outlook Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 5 Source: World Steel Association Source: World Steel Association Such the situation showed that global crude steel production

Profit less Inventory gains/(losses) and one-time extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. 4 Business Segments Definitions

policy to mitigate currency risk using hedging instruments where applicable. Other Income (expense) was Bt362mn, decreasing -29% YoY due to one-time gain in 3Q23 (Rabbit Line Pay divestment) and decreasing

mainly due to reduction in input costs and improvement in Operational parameters through several Strategic Management Initiatives. The Current quarter EBITDA also includes one off expense on account of

the year. Foreign purchasing power was greatly contracted by the impact of trade war affecting the sales volume while the falling price of raw materials in global market and intensive competition among

acceptance and recognition from various organizations both at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global

controlled by SSG Capital Holdings Limited (“SSG CH”), SSG Capital Partners III, L.P. (“SSG III”) and Kendrick Global Limited (“KG”) (collectively referred to as the “SSG Group”). SSG Group had seriously

(Source: The board of investment of Thailand). The overall global aviation industry in 2018, passenger traffic increased by 6.5 percent in revenue passenger kilometers (RPK) where Asia-Pacific region had