negative circumstances resulting in a consistent decline in the Stock Exchange of Thailand Index (SETI) to finally hit the base at 2. SECURITIES BUSINESS LH Financial Group Public Company Limited Management

utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated

, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second quarters of 2016 and

. Definitions Core EBITDA is after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the

, ending 30 June 2017 Source: World Steel Association Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 6 The main raw materials (Pig iron, shredded scrap) the price movement of the main raw

Association The main raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the

materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first quarter to second

reported EBITDA. Inventory gains/losses in a period result from the movement in prices of raw materials and products from the end of the previous reported period to the end of the current reported period

network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement. The regulatory

from higher network cost related with higher consumption, offset by cost efficiency effort. • Regulatory fee was Bt1,577mn, increasing 15% YoY and -0.3% QoQ, in line with core service revenue movement