, partnering with Asia Industrial Estate and planning to build new larger SPP plants (280 MW) to replace the existing plants (124 MW) to serve high demands in the area, - Achieving commercial operation date (COD

their full potential. IVL remains on track to achieving US$287M efficiency gains in 2021 (US$195M more over 2020). Note: (1) Index against 2015 IVL commodity EBITDA $/T; (2) Variability defined as

account receivable of THB 397 million as a result of FA plant shut down for semiannual planned maintenance and Chinese New Year; a decreasing of inventory of THB 335 million from lower inventory volume and

31.16 million Baht or 82.54%. The decreased revenue was due to the Company had no service in 2nd – 4th quarter of 2019 because the Company has shut down the machine that operate for refining service for

Limited Management’s Discussion and Analysis (MD&A) for year 2018 any improving of the consumption of steel in this quarter. In addition, the Company has move the annual shut down early to February due to

shut down early to February due to the slowdown of the market. Hence, there Q1/19 production will be low comparing to other quarter. Executive Summary The company's operating results in the year 2018 has

approximately 90% of all sales. However, in compliance with the government’s order and measure to shut down shopping malls effective since March 22, 2020, the branches in shopping malls are permitted to provide

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

distribution channels and use of business strategy, namely “Complete Set of Beauty, Entirely Filled with Diamond Brand”, as well as effective cost management having resulted in Corporate Group achieving highest

as well as achieving the Company’s next year sales target growth of 30%.