million baht, 22.22 percent compared to the same period last year. Due to the allowance for diminution in value of deteriorated and slow moving goods In the amount of Baht 37.50 million 3. Increase in

expansion of LCL causing the higher number of employees and moving office to support expansion which leads to the expenses derived from such move and the former improvement disposal costs. In this regard, the

obsolete and slow-moving inventory in first quarter of 2019, the increase in house brand revenue contribution in conjunction with the company’s strategy, the increase in the gross profit margin of house

as the Labor Protection Act (No. 7) B.E. 2562 and has set aside loss on devaluation of obsolete, defective and slow-moving inventories so on. Net Profit and Net Profit Margin For the year ended

as various market organisations to put forward new important initiatives under the “Capital Market Development Master Plan”. These initiatives included introducing special tax measures and simplified

majority of the audit firms push forward to increase auditors in the capital market, thus support the increasing number of listed companies. Therefore, the ratio of listed companies to auditors in the

N.A.(>100) N.A.(>100) - 2.2 N.A.(>100) Other income 1.8 0.9 3.0 233.3% 66.7% 26.9 176.9 557.6% Profit before expenses 420.8 388.3 505.9 30.3% 20.2% 1,144.6 1,607.3 40.4% Gain (loss) on forward contracts

-2023 PET: 367 kta PTA: 433 kta Double digit ROCE 700-800 (till Dec’19: 381) Recycling projects PET recycling 2020-2023 ~600kta ROCE 12-14% 700-800 9 IVL Strategic Priorities Going Forward IVL remains

express written approval of the Company. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect

effectiveness, including by moving to independent chairs and increasing oversight of management. 5 | coRPoRAte goveRnAnce Rosc FoR thAIlAnd landscape landscape The Corporate Governance ROSC assessment of Thailand