partly because the overall household purchasing power was not sufficiently strong and household debt remained elevated. Private investment picked up in line with the improved economic outlook, and with

30 September 2019 G Steel Public Company Limited Page 1/20 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited 2. Business Outlook During the shutdown period from February 2019 to April 2019

warrants exercise  LTM 3Q18 Operating Cash Flow of $1,037 million  Net Operating D/E ratio 0.53x; Rating Upgrade to AA- with “Stable Outlook”  2019 Guidance reaffirmed; attractive and accretive production

share at 66.3% contracting 1.7% QoQ and 13.7% YoY to THB 17,359mn, followed by Traditional media (Newspaper, Magazines and Radio) which has 13.1% market share or THB 3,418mn, declined by 4.8% QoQ and 25.5

13.5% to THB 44mn • Dividend payment of 0.02 per share to be paid on 17 May 2019 KEY BUSINESS UPDATE THAILAND • MACO has completed the digital installation of its street furniture media at 23 BTS

closely with our customers to demonstrate the added value.” 2. Outlook A more challenging external environment, owing to continued trade tensions, impacted negatively on the economy in the second quarter

1,080mn newly issued shares through Private Placement to Plan B Media Public Company Limited (“PlanB”) at THB 1.4381 per share, totalling THB 1,553mn.  After the acquisition takes place, PlanB will become

-China trade negotiations and Brexit risks. The World Economic Outlook of the International Monetary Fund revised downward its global economic growth projection for 2019, to 3.3 percent from the previous

with its major trade partners, especially China. This factor is set to have an impact on the world’s economic recovery over the remainder of this year. The World Economic Outlook of the International

(BGRIM) at “A” with “stable” outlook. The rating reflects the company’s position as one of the leading private power producers in Thailand, its well-diversified portfolio of cogeneration power units under