made a strong start to the year, with improvements in production volumes and margins across all segments and geographies. This performance is a result of our long-term investment strategy, the

N/A N/A 746,100 KPI 3 2019 (Baseline) 41% 97% 100% N/A Table 2–VE’s assessment of CHANEL’s SPTs Level of ambition4 KPI 1 ROBUST KPI 2 ROBUST KPI 3 ROBUST 1 This opinion is to be considered as the

enables the Company to focus on building the most robust O2O ecosystem in Thailand and designates MACO as the international business expansion vehicle for VGI.  VGI successfully acquired 23% in Kerry

securities on the SET and start trading on the 15 December 2017. The conversion of DTCPF to DREIT is a part of the Company’s business plan to strengthen financial capability. Dusit Thai Properties PCL, the

Business Performance Table 2: Segment Results Production Analysis 2Q 2018 production was 2,546 thousand tons, 15% year-on-year-increase, driven by high operating rates and the start of contribution from the

positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

set robust environmental standards for the market. • As many of you know, IFC is at the forefront of creating green financing markets in Asia, including Thailand. Through our recent sustainable

1,748mn and 273mn, respectively. Our robust operating and financial performance are a direct reflection of successful implementation of digitalisation strategy, strategic acquisitions as well as the

increasing 34%. Along with this acquisition the start-up of kiln 7 also contributed additional capacity which was particularly significant during the peak sugar season and also gave us the room to take