+ account receivable) / Current liabilities ) GPSC - Q2/2020 Management Discussion and Analysis (MD&A) 20 Project updates: The project progress has reached 96%. The procurement of machinery and equipment is

segments. Core EBITDA per ton reached $140, the highest level that has been achieved since the company’s IPO. This demonstrates the quality of our portfolio, the geographical spread, diversified earning

ratio and high current ratio. In addition, as of 31 January 2019, the company has reached the agreements with some of the suppliers to compensate for the raw materials derogation issue by entering into

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB

, following the Company’s long-term plan to build foundation for future growth. However, some investments cannot generate revenue immediately, and some investments are not fully utilized or have not reached the

account receivable and inventory. The company had cash from investing activities of THB 694 million because short- term investment at financial institutions reached maturity of THB 900 million, dividend

region of Thailand with feed-in tariff structure of 5.66 baht per KWh. The project has reached COD in December 2015 and will operate until December 2040. We expect to consolidate BGYSP’s financial

or down 17% driven by increasing of crude palm oil supply. The stock of crude palm oil in September 2019 reached to 514,375 tons. On the domestic methyl ester demand in 3Q/2019, it was estimated to be

the principle of the best effort of the seller (Best Effort Basis). However, at present, 5-month sales (Jan - May 2020) has already reached 125.651 million Baht. Together with the cost of renovating the

accordingly. The reason that the Enclosure 1 7 subsidiary, ETP, has disposed the power plant projects of RPV group given that all the power plant projects have reached the Comercial Operatoin Date (COD) is