optimization of stock management and the delaying of all but essential capital expenditure, as well as concise management of cash flow, working capital, and financial liquidity has resulted in achieving the

favourable operating results by achieving gross profit margin since Q1- 2020. 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 PERFORMANCE OVERVIEW 2020 2019 % 2019 2019 % 211.21 267.12 -20.93% 445.85 613.01

reflecting increased consumption demand and value-focused strategy. AIS is committed to enhancing service quality to address the rising demands of digital behavior. After achieving over 95% 5G coverage, AIS is

all android handsets, to exhibit leadership in 4G. Handset subsidies remained stable and more targeted; however, the competition in fixed- speed unlimited plans has challenged an ability to increase

, partnering with Asia Industrial Estate and planning to build new larger SPP plants (280 MW) to replace the existing plants (124 MW) to serve high demands in the area, - Achieving commercial operation date (COD

their full potential. IVL remains on track to achieving US$287M efficiency gains in 2021 (US$195M more over 2020). Note: (1) Index against 2015 IVL commodity EBITDA $/T; (2) Variability defined as

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, as well as effective cost management having resulted in Corporate Group achieving highest

as well as achieving the Company’s next year sales target growth of 30%.

international arrivals. The Company expects Dusit Thani Manila to fully benefit from hotel renovation last year, achieving an increase in ADR and RevPAR. In addition, the Company targets to aggressively expand