Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 1 Executive Summary 2019 marked our first year in the second phase of the Company’s 9-year strategic journey (2019
focused on its financial objective to double EBITDA by 2023 in a disciplined manner by utilizing its current balance sheet and future operating cash flows. On the journey to achieve this, IVL is committed
go into daily necessities and non-durable consumer goods having inelastic demands. • Liquidity in the company remains high with cash and cash equivalents of US$0.6B and unutilized credit lines of US
network has reached 76% of population across 77 cities, focusing on the high- usage areas and utilizing the 2600MHz and 700MHz to provide a superior customer experience compared to our peers. Additionally
price competition due to a lower purchasing power in price-sensitive customers. The blended ARPU slightly increased 0.8% QoQ from a high season with more inbound and outbound tourists coupled with AIS
customers as agreed, by connecting the electricity transmission system and the steam pipeline system of the two companies together, and also enhancing two businesses to enact high management efficiency as a
contribution from newly acquired assets in 2018, consolidation of PET in India, consolidation of PTA in Indonesia and high operating rates. Core EBITDA of $304 million (-7% YoY; -4% QoQ), benefitted from
) with contribution from newly acquired assets in 2018, consolidation of PET in India, consolidation of PTA in Indonesia and high operating rates. Core EBITDA of $304 million (-7% YoY; -4% QoQ
of QR payment for a BTS Skytrain single-journey ticket, and privileges offered for QR payment at participating UNIQLO outlets. High Net Worth Individual Determined to perform at the standard of an
IVL as a whole in 2019. o Sharp decline in crude prices (high of $ 83/bbl in 3Q18 versus low of 54/bbl in 4Q18) as we entered in to the weak season led to accelerated destocking in the integrated PET