2017 Pe rfo rm an ce Revenues 7,815 3,276 Sales Volume (k tons) 378 188 EBITDA 118 64 Net Profit (Loss) (451) (233) HR C HRC Sales (k tons) 378 188 HRC Production Volume (k tons) 363 188 HRC Average

, registering a growth of 45% QoQ and 21% YoY), positive contract adjustments and inventory gains  Our company-wide cost and business transformation, Project Olympus, yielded US$67M during the quarter, on track

support the expected higher production volume in second quarter. However, inventory turnover days has reduced from 73 days to 72 days. Investments in associated companies as of 31 March 2018 amounted to

production capacity of Phase 1 and 2 was expanded, which led to solid revenue growth and profitability. We experienced a number of challenging factors that occurred at the same time, such as production of new

unable to come to an agreement on oil production cuts. However, excluding inventory loss in Q1/2020, the company group had gross margin of THB 2,218 million, which declined by THB 799 million from Q4/2019

2017 Pe rfo rm an ce Revenues 8,666 3,292 Sales Volume (k tons) 418 182 EBITDA 27 213 Net Profit (Loss) (311) 65 HR C HRC Sales (k tons) 418 182 HRC Production Volume (k tons) 418 190 HRC Average Selling

a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the

% decrease in automotive parts businesses and 2.0% increase in dealership businesses. The decrease in overall revenue was due to the following reasons: 1) Automotive Parts Business; Thailand car production

EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton) 854

812 EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton