G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Unit: million Baht Year 2018 Year 2017 Pe rf or m an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447
2017 Pe rfo rm an ce Revenues 8,666 3,292 Sales Volume (k tons) 418 182 EBITDA 27 213 Net Profit (Loss) (311) 65 HR C HRC Sales (k tons) 418 182 HRC Production Volume (k tons) 418 190 HRC Average Selling
sales and services amounted to Baht 8,678 million, increased by Baht 863 million or 11% QoQ. Revenue increase came from sale volume increase but still had net loss because raw material cost increase
and its subsidiaries have contract revenues for Q1/2018 amount 127 Million Baht which is decrease of 118 Million Baht (48%) from Q1/2017 contract revenues. Q1/2018’s net loss of 32 Million Baht
of THB 2,177 million, mainly attributed to Bangchak marketing business in the amount of THB 2,399 million. Marketing Business Sales Volume (Million Litre) Q4/2017 Q3/2018 Q4/2018 YoY QoQ 2017 2018 YoY
amount of Baht 710.93 million which increased by Baht 44.20 million or 6.63% from the previous year. Such increase was in line with an increase in sales volume. Gross Profit Margin Gross profit margin
1.1 Revenues (Thousands Baht) Nine-months Change 3rd Quarter Change 2561 2560 Amount % 2561 2560 Amount % Revenue from sales 1,168,546 1,128,641 39,905 3.54% 427,881 386,117 41,764 10.82% Other income
19.42 million and claim expenses from a customer in the amount of Baht 6.47 million. Sales volume (Ton) - Euro 1,299 1,377 6.00% - United States dollar 4,630 4,357 -5.90% - Thailand baht 6,887 7,830 13.69
Imports of Alloy Steel and Galvanized HRC into Thailand due to strengthening of Thai Baht and removal of Safeguard duties on Alloy Steel in February 2019. The total shipment volume dropped by 40% and
3rd Quarter 2017 3rd Quarter 2016 Pe rfo rm an ce Group Revenues 7,109 5,256 Group EBITDA 843 516 Group Net Profit (Loss) 53 (164) HR C HRC Sales (k tons) 393 335 HRC Production Volume (k tons) 386 323