expected to severely contract during the outbreak. The export sector has been impacted by declining demand from trading partners and supply chain disruption, while the tourism sector has been impaired by

plunged the global economy into a deep recession. The ASEAN economy, our main market, has been affected more severely due to the prolonged crisis after new waves in Malaysia and the extension of the large

severely affected. The Company is aware of the situation and has been taking actions in an attempt to overcome the difficulties. The Company seeks additional income from other sources to help generate extra

Baht 4,520 million against Baht 8,678 million for same period last year. The Sales quantities and prices were severely impacted by continued weakness in global Steel Industry, significant increase in

segment were also severely impacted due to lockdowns, less consumer spending on durables and travel restrictions although Hygiene Fibers had stellar results. • Non-durable end markets for IVL products

Dusit Thani PLC Management Discussion and Analysis For 2Q20 and 6M20 P a g e | 1 Executive Summary The COVID-19 pandemic has severely hit Thai and global economy, especially the tourism and

have increased - except for Hadyai. However, ARR for the Maldives market has decreased by 3.5% YoY as a result of the current intensely competitive hotels business in that market mainly due to the

THB 484 million due to an extremely decline in raw material prices compared to end of FY2019. Shareholder’s equities As of March 31, 2020, the Company had total shareholder’s equity of THB 9,682 million

because the discount rate for calculating liabilities with long-term employee benefits which was based on the interest rate of the long-term bonds has extremely decreased. The Company has re-evaluated the

in the lab (extremely hard to get). Example of secondary emission factor is from Government-published fuel emission factor. List of credible database can be found on the GHG Protocol website. Data