Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) Q3/2017 (Additional) Unit: million Baht
house and condominium unit attributed to the rise in total revenue. 3Q19 Net profit at THB 222m, or 38% decline YoY, primarily due to gain from exchange rate at THB 312m realized in 3Q18. The ESSE at
of operating results for the year 2019, Ended of December 31, 2019 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2019 2018 2019 2018 2019 2018 Amount % Total Revenues
and more service content to every unit of product sold was realised. This is encouraging for future performance as volumes recover and start to grow again. Even under these trying conditions, Golden
of the Thai baht is making exports more challenging competitively and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Revenue realized per unit product sold
subsidiaries recorded loss of Baht 52 million, decreasing from Q1/2018 that recognized net profit Baht 9 million, due to 1) sales shrinkage in CMG and domestic branded sales; 2) higher cost per unit as a result
/2018 results from the increases in COGS and the loss from foreign exchanges in 2019 Management Discussion and Analysis Q3/2019 Q3/2018 Q3/2019 Change 9-month 2018 9-month 2019 Change Unit : THB mm Total
subsidiary company are as follows: Unit: Million THB Sales Volume Amount Backlog Handed Over in 2020 To Hand Over in 2021 Total 1. Residential Condominium 1,870 1. Residential Condominium 2,300 800 3,100 2
organization to a business unit. The digital transformed will also be achieved to improve the operational process to be flexible and increase the efficiency of expense management and operational costs. The 4