affected by the decline in most of the finished product and crude oil crack spreads, as a result of the oversupply situation in finished oil products, and the anxieties over the trade war between the US and

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

Steel Industry According to the World Steel Association’s report on world crude steel production was 444.1 million tons in the first three months of 2019, significant increase by 4.5% compared to the same

crude steel production was 465.5 million tons in the third-quarter of 2018 and accumulated world crude steel production in the first nine months of 2018 was 1,347 million tons, up by 4.7% compared to the

1,386 million, or earning per shares of THB 1.01. The company and its subsidiaries performance improved, especially the Refinery Business Group which still maintains its average crude run at a high level

2019 G Steel Public Company Limited Page 4/20 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Cash Flow • Net cash flows used in operating activities Baht 468 million • Net cash flows used

prices highly adjusted following the crude oil price and uncertainty of global demand and supply, which finally caused the Company’s overall raw material prices jumped up to 238.74 million baht, and

% from year ended 2018. The Cash and Cash Equivalent for the Company decreased by Baht 17 million. Cash Flow  Net cash flows used in operating activities Baht 599 million  Net cash flows used in

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and