can issue the replacement debentures or use a working capital to repay those debentures. Shareholders’ Equity As of August 31, 2021, total shareholders’ equity amounted to 18,454 million baht, an

debentures totaling 3,800 million baht that will mature within 12 months, which the Company can issue new debentures or use a working capital to repay as scheduled. Shareholders’ Equity As of February 28, 2022

operation. The Company also has the debentures totaling 1,000 million baht that will mature within 12 months, which the Company can issue new debentures or use a working capital to repay as scheduled

25.50 48.20 51.22 Total liabilities 299.78 4.22 326.85 32.15 344.83 33.99 160.64 170.71 Shareholders’ equity Capital stock Registered capital Issued and Paid-up Share Capital 7,000.00 98.64 850.00 83.62

กิจการเงินร่วมลงทุน (venture capital fund) นิติบุคคล ร่วมลงทุน (private equity fund) ผู้ลงทุนรายใหญ่พิเศษ (ultra high net worth investor)2 และในกรณผีู้ลงทุนรายย่อย จะต้องจ ากัดวงเงินลงทุน • ผู้ลงทุนรายย่อย

EBITDA margin has expanded from 6.4% in 2013 to 13.5% in 3Q17.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 3Q17, IVL achieved core

projects under implementation.  More recently, Returns on Equity and on Capital Employed have surpassed the double-digit level. Specifically, for 2Q17, IVL achieved core ROE of 18.2% and a core ROCE of 12.6

(16%) Total non-current liabilities 2,474,751 1,379,894 79% Total liabilities 19,179,325 20,531,922 (7%) Liabilities and equity Equity Share capital Authorised share capital 48,775,744 48,775,744 0

Public Company Limited Page 7/14 Summary of Consolidated Financial Results 30 September 31 December Liabilities and equity 2018 2017 + (-) % (in million Baht) Equity Share capital Authorised share capital

2018 G Steel Public Company Limited Page 7/14 Summary of Consolidated Financial Results Liabilities and equity 2018 2017 + (-) % (in million Baht) Equity Share capital Authorised share capital 48,776