3. Testing (System Testing/System Integration Testing) to verify the interactions between the modules of a software system 4. User Acceptance Test (UAT) 3. Testing (System Testing/System Integration

QUARTERLY BUSINESS HIGHLIGHTS – 3M 2020 Consolidated revenue decreased by 13.7% YoY to THB 612mn o Advertising revenue increased by 3.1% YoY to THB 270mn o System integration services revenue decreased by

o Advertising revenue decreased by 5.5% to THB 261mn o System integration services revenue was recorded at THB 428mn • EBITDA increased by 22.2% to THB 109mn • Net profit from operation decreased by

optimizing costs has shown good progress. This will continue as the impact from the integration of Saraburi Quicklime has an effect. On the variable cost side fuel costs were higher than in the same period

feedstock in North America, an advantaged cost base that gives the region an edge over Asian peers. Asian integrated margins are on naphtha feedstock, whereas IVL has been able to create integration using the

integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect

strategic integration. Our diversified portfolio provides an earnings mix that combines the higher-volume Necessities (80% of 2Q 2018 LTM volume), now with improving margins, and stable-margins HVA business

expenses from NVD after business integration in January 2017 b) Increase in employee benefits from issuances and offerings of warrants to purchase the Company’s ordinary shares to directors and employees No

integration in January 2017 b) Increase in employee benefits from issuances and offerings of warrants to purchase the Company’s ordinary shares to directors and employees No.1 (“ESOP-Warrant-1”) and No.2 (“ESOP

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