possibility of integration Figure 3: Margins and Returns 6 into its existing businesses. The combination of a strong local company with recognized products and deep insights into the market with IVL’s global
funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade war between China and the
process and try to obtain new funding for its own production. This is to maintain market share and to meet demand for HRC local customers. However, the domestic steel industry has been affected by a trade
1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm
% - Domestic sales 293.24 280.96 (12.28) (4.19%) - Export sales 118.46 136.07 17.61 14.87% Cost of program rights 232.01 241.45 9.44 4.07% Gross profit of content business 179.69 175.58 (4.11) (2.29%) Gross
was exporting new time high because the global price is higher than domestic. In addition, the price of raw materials abroad is higher than in local. However, the Company aware of the price fluctuation
% - Domestic sales 791.93 862.88 70.95 8.96% - Export sales 177.18 402.09 224.91 126.94% Cost of program rights 599.87 721.36 121.49 20.25% Gross profit of content business 369.24 543.61 174.37 47.22% Gross
line with the world economy. Many countries trying to stimulate their economies by issuing trade promotion policies to support the export of steel together with encourage to use of local steel products
regional or consolidated EBITDA. 4Core EBITDA is Reported EBITDA less Inventory gains/(losses) 5Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 6Core EPS is
the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the