better performance compared to the last year. Financing costs The company’s financial costs in the first quarter of 2020 totaled 5.93 million Baht which increased by 1.55 million Baht or 35.39% from the

alternative financing resources for SMEs and startups to raise fund and expand their business growth. The new scheme follows a similar regulatory framework governing the existing equity crowdfunding rules

financing. 4. In the 1st quarter, other revenues was 1.32 million Baht. Foreign exchange gain was 12.98 million Baht which mainly due to the strengthening of local currency 5. In conclusion, for the 1st

%) (48.54) (12.28%) 5.79 13.54% Other Expenses (1.39) (0.31%) (12.77) (3.23%) 11.38 818.71% - EBIT 88.79 19.73% 55.44 14.02% (33.35) (37.56%) Financing cost (37.47) (8.33%) (18.46) (4.67%) (19.01) (50.73

% % Earnings before interest, taxes and depreciation 27% 24% 3% Other income /(expenses) 9.48 5.48 73% Financing cost 0.30 1.24 -76% Tax (Note) 17.82 (18.46) -197% Net profit 69.08 74.19 -7% % Net profit margin

infeasibility to proceed the transaction. The usage of other sources of capital, which is the Company’s sources, to compensate the financing capital from the financial institution is insufficient and could affect

footprint and leverage the financial and commercial skills of IVL to create shareholder value. The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any

production and sales. 3. Selling and administrative expenses decreased from the same period of last year to 14.66 million Baht while Finance costs decreased to 3.54 million baht due to the less financing. 4

) -12.97% 15.50 18.31% Other Expenses (9.29) -0.93% (20.58) -2.66% 11.29 121.53% - EBIT 231.81 23.19% 99.30 12.86% (132.51) -57.16% Financing cost (75.29) -7.53% (38.63) -5.00% (36.66) -48.69% EBT 156.52

wider access to financing sources for business operation of Thai small and medium enterprises, and to enhance the overall efficiency of Thai financial sectors.