license. As a result, free cash flow (OCF less CAPEX and spectrum license) for 1Q22 was Bt9,440mn. Cash flow used in financing activities was Bt5,800, mainly on lease liability paid of Bt3,122mn and

1.0 0.9 Trade receivable 16,579 4.7% 15,219 4.3% Net debt to EBITDA (times) 0.9 0.9 0.8 Inventories 2,372 0.7% 2,104 0.6% Net debt & lease liability & Spectrum license payable to EBITDA 2.1 2.3 2.2

assets (%) 12.2% 9.6% Liability to equity (times) 1.6 0.6 Return on fixed assets (%) 75.8% 75.2% Debt to equity (times) 1.0 0.3 Assets turnover (times) 0.5 0.5 Remark: - Financial ratios were calculated

amount of Baht 12.72 which is higher than the same period of previous year and property, plant and equipment decrease by Baht 4.96 million, because of the depreciation. 2. Total liability, the company had

cumulative tax losses can be used. In the year 2017 : Asset and liability, there were current asset 445.02 Million Baht increased 141.42 Milllion Baht from 2016, as the result of cash flow from operation and

year was from 6.27 times to 5.52 times because the Company has current liability increasing from the same period of last year. Receivable Turnover changed little from the last year, from 1.10 times to

Huvis Global Corporation, South Korea on June 18, 2018 to form a 50:50 joint venture limited liability company in USA, by the name of Huvis Indorama Advanced Materials, LLC. (“HIAM”). HIAM will

entered into a Joint Venture Agreement with Toyobo Co., Ltd. (“Toyobo”), Japan, on October 23, 2020 to form a 50:50 joint venture limited liability company in Thailand (the “JV”). The JV plans to build a

) EY 4 EY EY AQI 3 EY (3:1) 6:1) EY senior manager manager EY staff turnover 27.33%) (20.31%) EY EY career path) succession plan) EY 3.5 (Engagement Performance) EY engagement partner ) EY 2 engagement

companies with an increase in property, plant and equipment by 10.35 million bath due to the investment in machinery of new production lines. 2. Total liability, the company had total liability as of December