Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 031/2560 August 10, 2017 Subject : Management Discussion and Analysis for quarter 2-2017 To

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 Translation UWC 028/2018 August 10, 2018 Subject : Management Discussion and Analysis for quarter 2-2018 To

Baht 1.9 million or 71% due following to: Description 2Q/20 Million Baht 2Q/19 Million Baht Change Million Baht Change (%) Revenue from E-Commerce segment 0.01 1.7 (1.69) (99%) Revenue from trading of

, other factors which may affect banking business operations include changing customer behavior, technological advancement, regulatory changes and life platform-driven competition. In order to strengthen

Coating category for THB 19.84 million, Flavor & Fragrance and Color category for THB 51.26 million and Trading goods category for THB 11.93 million. 2. GROSS PROFIT FROM HOTEL OPERATIONS In the first

increased by THB 31.74 million, and Trading Goods category increased by THB 27.13 million. R&B Food Supply Public Company Limited 3 2. REVENUES FROM HOTEL OPERATIONS For six-month period ended 30 June, 2020

. REVENUES FROM SALES OF MANUFACTURING AND TRADING GOODS In 2019, the revenue of the Company and its subsidiaries was THB 2,776.38 million, equaled to 96.92% of the total revenues from operations, and

follows: 1. GROSS PROFIT FROM SALES OF MANUFACTURING AND TRADING GOODS In 2019, the gross profit of Food Ingredients business was THB 1,108.00 million or 39.91% of the total revenue from operations, which

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA