Analysis (MD&A) For Q3/2018 3 Executive Summary The total apparent finished steel consumption of steel industry in Thailand in the third quarter of 2018 surged to 4.66 million tons, an increase of 11.1

of both Samaedum and Map Ta Put factories, especially Map Ta Put factory had to delay the service in August and September. The maintenances have finished and both factories are now ready to receive the

beginning of 2017 to USD 18,000 per ton this year) and the proportionate of an increased in scrap cost is greater than an increased in HRC market price. In Q3/2018, the company will maintain an overall output

renovation since 4Q16 and is expected to be finished in 2Q18. The occupancy rate at the end of 2Q17 was 91%. 2) CentralFestival Phuket continues its renovation and strengthens the shopping mall’s positioning

still affected by the oil price volatility in the global market. Despite the crude oil price recovery, the average crack spread between finished product and referenced crude oil price continues to decline

a historic high rate of 123.5 KBD during this past September. Meanwhile, Operating GRM declined by 1.69 $/BBL from the previous year, which was affected by the crack spread of finished product and

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

purpose of carrying on the business as manufacturer and supplier of various finished and semi-finished automotive stamping components in Indonesia. The New Company further received the acknowledgment dated

. In Q4/18, the Company had financial cost of THB 47.3mn, an increase of THB 47.1mn from THB 0.2mn in Q4/17 due to the interest from loan for acquiring KPNL’s property which are finished projects and

postponed to the beginning of next year or when the situation is relieved. Slight Change in the 2020’s Branch Expansion Plan Central World Samyan Mitrtown The Mall Ngamwongwan MRT - Chatuchak 2020 BITEC As