| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record

and 19% YoY. We achieved Reported EBITDA of US$85M, due to inventory gains. Lifestyle fibers vertical had a strong performance in 1Q21 with core EBITDA growing 52% QoQ and 87% YoY. This was driven by

may not always tally with consolidated financials due to holding segment. 3Core EBITDA is Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 1Q2019, palm oil production and crude palm oil (CPO) inventory have remained high in both

regional or consolidated EBITDA. 4Core EBITDA is Reported EBITDA less Inventory gains/(losses) 5Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 6Core EPS is

Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) and one-time extraordinary items. 5Operating Cash Flow is after change in net working

extent the product range and customer base among the fast growing business group. Operating profit in Q1-20 totaling Baht 430 million drop down from the same quarter of last year making operating profit

Limited Global Green Chemicals Public Company Limited Management Discussion and Analysis | 2 Executive Summary In 2Q/2019, overall palm oil production and crude palm oil (CPO) inventory have remained high

://ourworldindata.org/co2-emissions, IPCC climate science report (2021), Climate Action Tracker https://ourworldindata.org/co2-emissions 8 Burning fossil fuels ● Driving / flying ● Making goods ● Growing food

oil (CPO) inventory plunged to the level of 170,000 tons compared to the level of 400,000 tons at the same period of previous year, resulted in a surge in crude palm oil price. In addition, the Energy