the remaining interest for one year and six months, starting from the date of the Bondholders’ Meeting No. 2/2024 on 21 October 2024;             - An inclusion of the deferred interest in the

1Q18 LTM 1Q17 LTM YoY Consolidated Revenue1 THBm 76,143 70,417 71,650 6% 290,825 269,106 8% $m 2,414 2,135 2,041 18% 8,811 7,652 15% Revenue breakdown by geography2 Thailand 7% 6% 7% 6% 6% Rest of Asia

deferred revenue. However, during the period 2019, the Company has reconsidered the remaining guarantee EBITDA and found that existing risk and reward were insignificant. The Company has therefore reversed

385.7 (64.1%) Net Profit 406.6 99.3 (75.6%) Normalized Total Revenue/1 3,598.1 1,399.5 (61.1%) Normalized Net Profit/2 285.0 196.5 (31.1%) Normalized Total Revenue excluding Deferred Revenue Item/3

launched, sales volume and backlog in 2019 The sales volume in 2019 was 7 billion THB. In 2019, the launch of new projects was postponed in response to the slowdown. Ready-to-move-in condominium units were

portfolio contributed to over 50% of the earnings together with diversity of revenue streams and higher returns. Rest was contributed by Necessities. The startup of the PTA expansion pro- ject in Rotterdam in

2020 MD&A 6  We are seeing a trend in industry that due to poor margin number of cracker, PO/MTBE projects have been delayed to conserve cash; this will help to restore the margin to replacement

to be a tough year for KCE. The Company experienced a number of challenges, such as the slowdown in the world automotive market that caused a delayed startup of new projects in the current year

, VGA products were in extremely high demand, further exacerbated by delayed imports, resulting in shortage and skyrocketing price in response to market dynamics. However, in 2022, the shortage of VGA

namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could