2016 Pe rfo rm an ce Group Revenues 3,292 2,897 Group Sales Volume (k tons) 182 187 Group EBITDA 213 109 Group Net Profit (Loss) 65 (30) HR C HRC Sales (k tons) 182 187 HRC Production Volume (k tons) 190

consolidated gross profit in 3Q2017 was THB 795.27 million, improved by THB 46.82 million or 6.26% up from 3Q2016. The consolidated gross profit margin contributed of 18.08% in 3Q2017, increased from 16.97% in

EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton) 854

812 EBITDA 612 1,062 Net Profit (Loss) (836) 990 HR C HRC Sales (k tons) 1,447 812 HRC Production Volume (k tons) 1,436 876 HRC Average Selling Price (THB./ton) 20,663 18,690 HRC Cash Margin (THB./Ton

inventory gains decrease the cost of sales and inventory losses increase the cost of sales. Core Net Profit is the Reported Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net

) Gain from the Creditor waived the debt (78,651) Gain from debt restructuring ( Debt to Equity) (94,920) (Reversal of) loss on devaluation of inventories 4,051 Employee benefit expenses 7,042 Loss on

Year 2017 Year 2016 Pe rfo rm an ce Revenues 15,178 11,669 Sales Volume (k tons) 812 722 EBITDA 1,062 1,189 Net Profit (Loss) 990 (7) HR C HRC Sales (k tons) 812 722 HRC Production Volume (k tons) 876

Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 1/7 Financial Highlights Q3’18 profit attributable

(101) 2 0 12 600 Net Profit after extra items (22) (1) (1,853) (44) 1,831 (99) 22 1 (44) (200) Notes : (1) Including Gain/(Loss) from FX and Derivatives (2) Extra items were the item from raw material

6.1% 279.4 7.2% Gross Profit 68.0 56.6 20.1% 63.3 7.4% Profit (Loss) from the operation 3.3 (26.0) 112.7% (26.4) 112.5% Gain (Loss) from temporary investment (6.3) (21.7) 71.0% 1.5 (520%) Profit (Loss