focus from various stakeholders. Leading & significant future trends Environment, Social and Governance (ESG) Movement & agenda Dematerialized world – the rise of Intangible capital 3 Increasing

first quarter of 2018 1. The Company has routes network movement as follows: Adding Frequency  Bangkok – Phu Quoc from 4 flights per week to 5 flights per week (February 2018)  Bangkok – Vientiane from

. The Company has routes network movement as follows: Adding Frequency  Bangkok – Phu Quoc from 4 flights per week to 5 flights per week (February 2018)  Bangkok – Vientiane from 7 flights per week to

. Char NMG S ale of Land uyer eller elationshi acteristics o tructure bef (2) buyer w as parti Compa between Compa (if any) and structu The winning NMG (1) ordinary (2) buyer w as parti Compa between Compa

Public Company Limited Management Discussion and Analysis Year Ending 31 December 2019 G J Steel Public Company Limited Page 11/14 The main raw materials (Pig iron, shredded scrap) the price movement of

). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to

raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the

movement due to the revenue is denominated in USD Expected Benefit Company expects that projects shall create the IRR of at least 10% 6. Benefits which the company will receive from the capital increase and

materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second

(2,326) (5,146) -54.80 Deferred Tax: -Tax income(expense) movement in temporary differences (1,830) 374 -589.30 Tax income (expense) recognized in profit or loss (4,156) (4,772) -12.91 5. Commitments and