Position as of June 30, 2019 The consolidated total assets as of 30 June 2019 decreased by 5% yoy. The decrease was mainly attributable to cash spending on annual capital expenditure and loan repayment as

increase of number of Thai and foreign tourists. As a result, the service sector and private consumption have expanded. Private investment has improved while Public expenditure shrink from regular government

Unicorn Enterprises Limited (EBT of UE) • EBITDA and EBITDA margin were THB 131.6mn and 9.0% respectively, lower from the same period last year due to higher operating expense and a rise in selling and

29.1 Finance costs 250.93 403.07 (152.14) (37.7) Income tax expense 215.17 164.03 51.14 31.2 Total expenses 2,211.89 2,102.74 109.15 5.2 2,175.99 2,309.70 (133.71) (5.8) Non-controlling Interests - (3.04

UE, the Company acquired a 50% stake in both the BTS-Sansiri JV and Keystone JV. Finance costs increased by 254.5% YoY or THB 149mn to THB 208mn primarily from interest expense of loans taken to

improvement expenditure. 3. The consolidated net loss was 2.38%, decreased from the same period of last year at net profit 5.16%, mainly caused by reduction in gross profit margin while selling and

segment were also severely impacted due to lockdowns, less consumer spending on durables and travel restrictions although Hygiene Fibers had stellar results. • Non-durable end markets for IVL products

Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. Improved cash flows and ongoing commitment from shareholders

plan for this business including a project to drive new demand for IPA, feedstock optimization and one line conversion to become switchable between IPA and PTA. Capital Expenditure Program IVL expects

February 2020. Capital Expenditure Program IVL expects its balance sheet and cash flow from operations to remain strong, and sufficient to meet its planned investments into growth engines. Table 3: Major