analysis For 3 months period & For 6 months period Performance for the 2nd quarter of 2019 For 3 months period ended of June 30th, 2019 Consolidated Profit & Loss of NPPG (Thailand) Company Limited Unit

) % Services income 134,745,445 75,462,443 59,283,002 78.6 Cost of rendering of services (92,047,219) (46,927,415) (45,119,804) 96.1 Gross profit 42,698,226 28,535,028 14,163,198 49.6 Other income 83,215 19,864

revenue compared to last year at the amount of 167.66 Million THB or 95.59% of total revenue. Net profit shows a high growth in the first half of 2017 at 23.63 million THB or 6.26% of total revenue compared

tons) 197 377 EBITDA 155 132 Net Profit (Loss) (72) (451) HR C HRC Sales (k tons) 197 377 HRC Production Volume (k tons) 204 363 HRC Average Selling Price (THB./ton) 19,891 20,709 HRC Cash Margin (THB

EBITDA 50 41 Net Profit (Loss) (433) (311) H R C HRC Sales (k tons) 172,117 418,365 HRC Production Volume (k tons) 178,506 417,825 HRC Average Selling Price (THB./ton) 17,915 20,109 HRC Cash Margin (THB

) (193.6) 45.2% (194.2) 44.8% Share of profit/loss from JVs/associates (equity income) (238.4) (22.5) (962%) 99.4 n.a. Reported Net Profit/Loss (806.6) (238.4) (238%) 1,752.2 n.a. GOP margin (%) 51.8% 56.8

n.a. Finance cost (290.7) (200.8) 44.7% (281.2) 3.4% Share of profit/loss from JVs/associates (equity income) (430.4) 284.1 n.a. (238.4) (80.5%) Reported Net Profit/(Loss) (1,213.1) 390.3 n.a. (806.6

the Third Quarter of 2018 WHAUP finished our 3Q2018 with a Net Profit was Baht 631.1 million, a 10.7% increased from 3Q2017 with Normalized Net Profit of Baht 577.4 million, a 28.2% increased from

works and services 70.25 60.73 9.52 15.68 Total Costs of Sales and Services 162.73 177.34 (14.61) (8.24) Gross Profit 52.84 65.94 (13.10) (19.87) Other incomes 1.69 2.34 (0.65) (27.78) Distribution costs

11.77 10.17 Cost of project works and services 59.11 55.76 3.35 6.01 Total Costs of Sales and Services 186.63 171.51 15.12 8.82 Gross Profit 62.89 74.55 (11.66) (15.64) Other incomes 1.97 2.48 (0.51