considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1/2019 3 G J Steel Public

this quarter is considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1

with the increased in cash & cash in banks of THB 330 million and total non-current assets decreased by 2% from the year ended 2018. 2. Business Outlook 3. Statement of financial positions 4 G J Steel

to the parent 205.93 236.49 (30.56) (12.92%) 1,044.79 1,117.52 (72.73) (6.51%) Earnings per share (EPS) 0.12 0.14 (0.02) (12.92%) 0.63 0.67 (0.04) (6.51%) Raw water costs 52% Tap water costs 36% Rental

Outlook on Q4/2017 3. Management’s Message Management’s Discussion and Analysis (MD&A) For Q3/2017 3 tons, higher than below 65,000 tons/month in the past. The average selling price in this quarter was at

stable and will moving in the same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook

Management Revenue from hotel management was THB 85 million in 1Q19, showing a 64.2% growth yoy, resulting from revenue from Elite Havens. • Share of Losses from Investment In 1Q19, share of losses from

Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 2/13 2. Business Outlook The Domestic HRC prices were severely

Analysis Q1/2020 G J Steel Public Company Limited Page 2/13 2. Business Outlook Total Hot Rolled Steel consumption for the 1st Quarter of 2020 stood 1.56 million MT and decreased by 3.4% compared to same

rating: AA+ (THA), Outlook: Stable Total Equity 75,689 22% 71,657 20% S&P BBB+, Outlook: Stable Source and use of fund 1Q21(Bt mn) Source of fund Use of fund Operating cash flow 21,245 CAPEX & Fixed assets