that facilitates market participants as they make a smooth transition towards adopting sustainability disclosure standards, e.g., ISSB, IFRS S1 and IFRS S2,    in the coming years to support

% 29.99 14.16 111.79% Net income 77.91 21.14 268.54% 201.68 34.31 487.82% Profit sharing Attributed to the shareholders of the company 56.16 27.54 103.92% 141.69 48.62 191.42% Attributed to the stakeholders

.) from the increase of 8 pre-sale project launches compared to the same period from last year. These new projects will result in the future revenue recognitions in the coming years along with the coming

projects compared to the same period from last year. These new projects will result in the future revenue recognitions in the coming years along with the coming expenses related to project launches expense

result in the future revenue recognitions in the coming years along with the coming expenses related to project launches expense, taxes and man-power (salary, welfares) which mainly in line with the

, which is partly due to global economic recovery, as well as the growth in exports of electronic goods which supports Internet of Things (IoT). Private consumption expanded at a moderate pace as overall

higher depreciation will impact net income for the coming year along with the impact of the additional assets on the balance sheet. Golden Lime Public Company Limited 6 MANAGEMENT DISCUSSION AND ANALYSIS

cashflow which is coming from the use of fuel inventory. Net cash flows from investing activities decreased significantly year-on-year largely due to the 320mTHB purchase of Saraburi Quicklime in 1Q 2018

0.25 (0.17) (68.00) Expenses of tax income 6.76 1.13 5.63 498.23 Income above expenses / Net income 27.87 9.84 18.03 183.23 Profit sharing Attributed to the shareholders of the Company 24.18 9.84 14.34

286 4% Fibers 53 51 45 19% 208 205 1% Feedstock 116 154 91 27% 501 271 85% Core EBIT 156 198 122 28% 647 462 40% Core Net Profit after Tax and NCI (US$ M) 117 137 74 59% 459 274 68% Core Net Profit