20T H ANNIVERSARY 1 Securities and Exchange Commission, Thailand Annual Report 2012 SEC ANNUAL REPORT 20122 THE YEAR OF CHANGE The year 2012 was the time for change to become the visionary partner whose balance between proactive and preventive approaches has led to stakeholders’ confidence in the Thai capital market. THE YEAR OF CHANGE 20T H ANNIVERSARY 1 02 MESSAGE FROM THE CHAiRMAN 04 MESSAGE FROM THE SECRETARY-GENERAl 06 SEC BOARd 09 CApiTAl MARkET SupERviSORY BOARd 12 ExECuTivE OFFiCERS 13 O...

, efforts are being made to harmonise compliant assets and metrics covered by the different taxonomies across jurisdictions. The most prominent attempt in this sphere has been the development of a Common

variable cost side, particularly fuel, are not yet apparent. However, going into Q2 and the rest of the year variable cost savings will add to EBITDA as we see the impact of standardizing fuel across the

anticipated to continue in line with GDP growth. Downside risk on volumes in our nonferrous mining segment remains as new competitive capacity is expected to come online in the near future. Pricing impact on

$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop

Extreme weather, floods and droughts happened around the world. • Opportunities for green growth Businesses in different sectors need to adjust their business model and come up with innovative products

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

, reducing numbers of day branch employee come to work and negotiating with certain department stores for the exemption of rental expenses during the store closure and potential extension of the reduced rental

range of investors; (4) having financial readiness without any reasonable ground to believe that the financial status may cause damage or any other circumstance indicates an ongoing financial problem; (5

ground to believe that the financial status may cause damage or any other circumstance indicates an ongoing financial problem; (5) having a clear action plan which demonstrates determination for providing