. บรษัิท โกลบอลกรนีเคมคิอล จํากดั (มหาชน) Management’s Discussion and Analysis | 3 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV Operating Performance Table 1

2015 strategic plan adjusted to align with his vision presented before the SEC Board in the candidacy for the SEC Secretary-General post. The adjusted framework will focus primarily on understanding

Brent (DTD) 66.82 68.81 68.22 53.24 63.13 -6% -8% DTD/DB 2.86 0.52 2.00 -2.71 -0.27 -110% -153% Crude Oil Price Situation Dubai crude price in Q1/2019 compared to Q1/2018 adjusted downward by 0.55 $/BBL

financial sector towards the country’s shift to an environmentally sustainable future. • At the same time, this guide represents a huge opportunity for the growing numbers of individual and institutional

Practice Lead, GMO, said, “We are witnessing a fundamental shift in the way in which investors are integrating material ESG risks and opportunities, such as climate change, and diversity, into their

sustainable development. This shift in recognition of society, environment and corporate governance has been driven by the fact that no business could survive the collapse of society and thus, has to extend its

price. Nevertheless, the company had improved the feedstock management, resulting in the recorded adjusted EBITDA of THB 346 million, a little decrease from the previous year by 2%. In addition, the

change in perspective Society How is a shift in perspective landing in the world of regulations? Increase in sustainability disclosure/reporting standards Building of Sustainability Focused industrial

over net earned premium increased from 57.77% in the same quarter last year to 62.51%, as the terms and conditions of compulsory motor insurance had been adjusted in accordance with the notification of

declined from 63.48% to 58.46% mainly because the Company had adjusted the premium rate and condition of some non-motor policies. The overall loss ratio therefore was in decline. 2. Net investment revenue