-affirmed to AA- by TRIS Industry spreads weak Management focus on cost and cash flow improvement Exceptional items adversely impacted core EBITDA Strong Thai Baht adversely impacted translated earnings 2 3Q
pressure and weak economy. While competition in prepaid segment remained competitive, the postpaid competition escalated in late-Feb as all operators introduced 10Mbps speed unlimited data plans at Bt300
conditions due to short PET supply by peers’ actions in order to restructure weak balance sheets. Additionally certain planned turnarounds at IVL in 2Q17 are back in operations since June 17 and are ready to
expended continuously following the campaign of visiting Thailand. Consumption sector remained not recover. Domestic expense was poor and buying power was weak because household debt remained stay in high
Segments-Production Volume and Core EBITDA Above is the analysis of the Company’s operational performance over a longer period of time. It is im- portant to review this performance in the context of a weak
recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of recovery that is consistent
that showed sign of recovery whereas non-durable and semi-durable goods namely food and apparels still contracted, pointing to a still weak grass-root economy. Private investment also showed signs of
even more is planned in the quarters to come. - Weak demand due to pre-buying in December 2018 thus impacting demand in 1Q19. Expectedly, margins are improving led by the demand growth in 2Q19 in
continued to contract due to the weak domestic and external demand affected by the COVID-19 pandemic. The government measures imposed by several countries around the world in order to contain the outbreak