spending continued to grow from the previous quarter. Meanwhile, the private investment is on the path of recovery. As the growth of economics from the above mentions, the Thai economy was expected to gain

asset is negative. 2. Net Profits from Normal Operation Criteria Cannot be calculated, as the Company’s net profit is negative. 3. Total Value of Consideration Criteria Total Value of Consideration

business operation and FX impacts, which was almost all unrealized gain/loss. In addition, the Company’s Normalized Total Revenue and Share of Profit and Normalized Net Profit stood at THB 1,885.0 mm and THB

(up 272.7% YoY) largely as a result of the increase in total revenue and the EBITDA margin rose to 31.5% (2018; 13.0%) • Reported net profit of THB 1,867mn (up 394.9% YoY), from aforementioned higher

investment of these two subsidiaries and realized gain from joint venture investment in totaling of 8,856.6 Million Baht. As a result, the Company recorded net profit of 5,492.5 Million Baht PAGE INDEX

2017 Pe rfo rm an ce Revenues 8,117 3,526 Sales Volume (k tons) 388 189 EBITDA 548 317 Net Profit (Loss) 366 967 HR C HRC Sales (k tons) 388 189 HRC Production Volume (k tons) 382 183 HRC Average Selling

operating activities Net profit (Loss) for the period (937) Adjustments for Depreciation and amortization 663 Work roll amortisation 55 Interest income (19) Finance costs 287 Unrealised gain on foreign

operating activities Net profit (Loss) for the period 1,228 Adjustments for Depreciation and amortization 943 Interest income (2) Finance costs 497 Unrealised loss (gain) on foreign exchange (594) Unrealized

clarifies the performance as follows: During the first quarter of 2020, the Company had the total revenue and share of profit and net profit of THB 1,277.8 mm and THB 99.3 mm, respectively. If excluding FX

share of profit from associated companies. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 2Q 2019 2Q 2018 Change % Change 6M 2019 6M 2018 Change % Change EBIT