Gross Margin 7.42% -2.09% Net Profit Margin -12.37% -14.39% Debt to Equity Ratio (Time) 8.96 5.88 Total Expenses The 3-month Operating Result as ended 30 June 2017 Construction Income In the 2nd quarter

baht, or 31.89%. Mainly due to The Group has an increase of business profits from their operating results and equity. Please be informed accordingly. Sincerely yours, (Mr. Peerapong Jaroon-Ek) Chief

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

around US$2.2B in Mar21 and operating cash flow of US$201M in 1Q21, IVL is well positioned. During the quarter, net debt reduced by US$148M with improved performance. Our net operating debt to equity has

The decrease in account payable Quick Ratio (x) 1.68 1.93 (0.25) The decrease in cash and cash equivalents used for operating activities Return on Equity (%) 0.84 1.89 (1.05) Decrease in performance

equivalents used for operating activities Return on Equity (%) 0.97 1.89 (0.92) Decline from under performance Debt-to-Equity Ratio (x) 0.18 0.20 (0.02) Lower total liabilities as a result of suppliers payment

price was lower. This was effecting in decreased in number of shareholders’ equity by Baht 168.17 million. The operating result of the Company and its subsidiaries in the first half of 2018 showing a loss

. That effect in increased of number of shareholders’ equity by Baht 109.97 million. The operating result of the Company and its subsidiaries in 2017 show a loss resulting in a decrease in shareholders

debt-free status, as there was no interest-bearing debt in the balance sheet, thanks to efficiency in operating cashflow management. Shareholders’ Equity Total equity as of June 30, 2020 was Baht 6,768

107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of