power generation and distribution. Mr. Khomwit Boomthamrongkit is also an executive and a shareholder in many companies such as SBP Timber Group Co., Ltd. having its main business of importing and

. Additionally, change in fair value of the investment in EDL-Generation Public Company decreased the equity in the amount of Baht 263.33 million. 3.3.3 Non-controlling interests decreased by Baht 13.44 million

house and overall. Including the design of living space and modern facilities and truly meet the needs of new generation customers. This can be seen from the pre-sale of 2 new projects which are the

stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Core

(except where stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29

Business Quarterly Last Twelve Months $million (except where stated otherwise) 2Q19 1Q19 2Q18 2Q19 YoY LTM 2Q19 LTM 2Q18 LTM YoY Production Volume (kt) 3,148 2,966 2,546 24% 11,662 9,564 22% Consolidated

Offeror’s core business is the production and distribution of public utilities, whereby the Tender Offeror is both the business operator itself and the investor. As of 31 December 2018, the Tender Offeror has

2018 MD&A 7 Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are

invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are strong, allowing us to invest significantly in our project

to small and medium-sized exporters, resulting clearer signs of acceleration in industrial production. In the meantime, private consumption only grew slowly due to weak overall household purchasing