3Q18 Opportunity Day Monday, November 12, 2018 Disclaimer This - - PowerPoint PPT Presentation

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3Q18 Opportunity Day Monday, November 12, 2018 Disclaimer This - - PowerPoint PPT Presentation

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3Q18 Opportunity Day Monday, November 12, 2018 Disclaimer This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals

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3Q18 Opportunity Day

Monday, November 12, 2018

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Disclaimer

This presentation includes forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described

  • herein. This presentation contains a number of forward-looking statements including, in particular,

statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. GGC has based these forward-looking statements on its views with respect to future events and financial performance. Actual financial performance of the entities described herein could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than

  • anticipated. Given these uncertainties, readers should not put undue reliance on any forward-looking

statements. Forward-looking statements represent estimates and assumptions only as of the date that they were

  • made. The information contained in this presentation is subject to change without notice and GGC

does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations.

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Agenda

Highlights GGC Growth Project Palm Oil Market Updates Financial Performance

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Awards in 3Q2018

รางวัลและการรับรองในไตรมาสที่ 3/2561

  • รางวัล CSR-DIW Continuous Award (การแสดงความรับผิดชอบของ

ผู้ประกอบการอุตสาหกรรมต่อสังคม) จากกรมโรงงานอุตสาหกรรม

  • รางวัลสถานประกอบกิจการต้นแบบดีเด่น ด้านความปลอดภัย อาชีวอนามัย

และสภาพแวดล้อมในการท างาน (ระดับเพชร) จากกรมสวัสดิการและ คุ้มครองแรงงาน

  • รางวัล 3 Rs Awards / รางวัลการใช้ประโยชน์ของเสียได้ทั้งหมด (Zero

Waste to Landfill Achievement Awards) และ รางวัลผลตอบแทน เศรษฐศาสตร์ที่ดี (3Rs+ Awards) จากกรมโรงงานอุตสาหกรรม

  • ประกาศนียบัตรฉลากลดโลกร้อน (Carbon Footprint Reduction) จาก

องค์การบริหารจัดการก๊าซเรือนกระจก (องค์การมหาชน) หรือ อบก.

  • รางวัล ECO Factory ประจ าปี 2561 จากกระทรวงดิจิตัลเพื่อเศรษฐกิจและ

สังคม กระทรวงอุตสาหกรรม และสภาอุตสาหกรรมแห่งประเทศไทย

Palm Oil Market Updates GGC Growth Project Highlights Financial Performance

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Key Highlights

3Q18 Highlights

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FA Business Unit: + Natural FA prices were being in competitive range to synthetic FA Financial Performance: + Consoled EBITDA +111% QoQ, +37% YoY + ME EBITDA +50% QoQ, +56% YoY + FA EBITDA +319%QoQ, +19% YoY + Both ME & FA plants utilized at full capacity

  • Annual maintenance shutdown FA plant
  • ME plant 2 will COD by Q4/2018

ME Business Unit: + Mandate of B7 + Since July 2nd, 2018, B20 has been implemented for large fleet and agricultural machinery + MOEN has revised the policy to increase minimum of mandate (6.5% -> 6.8%), on Nov 5th 2018

  • CPO & CPKO price continue downward

trend

  • Slow demand due to rainy season
  • THB appreciation over USD

Palm Oil Market Updates GGC Growth Project Highlights Financial Performance

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26.34 25.03 25.11 30.09 24.93 3Q17 2Q18 3Q18 9M17 9M18

3Q18 Operation Highlights

Palm Oil Market Update Financial Performance GGC Going Forward Highlights

CPO (DIT) : THB/Kg ME (EPPO) : THB/Litre

METHYL ESTER (B100) BUSINESS UNIT

Biodiesel Mandate ME EPPO P2F : THB/Kg GGC’s ME Operational Performance

Plant Utilization Rate Page 5 22.43 20.78 20.24 26.35 20.45 3Q17 2Q18 3Q18 9M17 9M18

THB/Kg 3Q17 2Q18 3Q18 9M17 9M18 ME EPPO 30.45 28.94 29.03 34.79 28.82

97,373 90,100 84,637 252,457 277,491 3Q17 2Q18 3Q18 9M17 9M18 Sales Volume (Tons) 3Q17 2Q18 3Q18 9M17 9M18

B5,B7 B7 B7 B7 B7

112% 108% 113% 101% 113% 3Q17 2Q18 3Q18 9M17 9M18

4.79 5.13 5.29 4.97 5.18 3Q17 2Q18 3Q18 9M17 9M18

109 116 187 454 483 3Q17 2Q18 3Q18 9M17 9M18

Palm Oil Market Updates GGC Growth Project Highlights Financial Performance

Adjusted EBITDA (MB)

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3Q18 Operation Highlights

FATTY ALCOHOLS BUSINESS UNIT

CPKO (MPOB) : USD/Ton FA (ICIS) : USD/Ton Natural Fatty Alcohols regained Competitiveness vs. Synthetic ones FA Market P2F : USD/Ton GGC’s FA Operational Performance

Plant Utilization Rate Page 6 Crude Oil Price (WTI) : USD/BBL Ethylene Price (USGC) : USD/Ton 1,156 921 882 1,224 980 3Q17 2Q18 3Q18 9M17 9M18 1,820 1,570 1,521 1,949 1,625 3Q17 2Q18 3Q18 9M17 9M18 433 465 463 481 449 3Q17 2Q18 3Q18 9M17 9M18

48 68 70 49 67 3Q17 2Q18 3Q18 9M17 9M18 704 582 663 712 638 3Q17 2Q18 3Q18 9M17 9M18

2,205 2,249 1,764 2,440 2,131 1,820 1,786 1,460 1,949 1,802 3Q17 2Q18 3Q18 9M17 9M18 Synthetic FA (C1215) Price : USD/Ton Natural Mid Cut FA (C1214) Price : USD/Ton 123% 120% 110% 108% 110% 3Q17 2Q18 3Q18 9M17 9M18 31,574 30,209 26,899 79,107 81,343 3Q17 2Q18 3Q18 9M17 9M18 Sales Volume (Tons) Adjusted EBITDA (MB) 245 170 159 897 593 3Q17 2Q18 3Q18 9M17 9M18

Palm Oil Market Updates GGC Growth Project Highlights Financial Performance

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Agenda

Highlights GGC Growth Project Palm Oil Market Updates Financial Performance

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Projects Timeline

Refined Glycerine Plant 2 20 KTA Project Methyl Ester Plant 2 Refined Glycerine Plant 2 Oleo Specialties Biocomplex Phase 1

Capacity Methyl Ester 200 KTA Refined Glycerine 20 KTA 14 KTA Sugarcane : 2.4 mm TPA Ethanol : 186 mm LPA CAPEX 1,650 MB 304 MB TBA 7,650 MB (GGC will hold 50%) Project Progress Update 100% Construction, Commissioning Test Contractor Bidding Feasibility Study FID : 4Q2018 Scheduled COD 4Q2018 4Q19 Target 2Q20 Early of 1Q21

Methyl Ester Plant 2 200 KTA Biocomplex Phase 1

Sugarcane : 2.4 mm TPA Ethanol : 186 mm LPA

Oleo Specialties 14 KTA

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2018

End

2019

End

2020

End

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Progress: On process to develop product recipe. Next Action: Following for alternative options study / pre- marketing Timeline: Target COD within Q2, 2020

Projects Timeline

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Progress: The project is in progress to do Plant Performance Acceptance. Next Action: Request 2 licenses required from DOEB 1) Received Anti-oxidation license on Sep 2018 2) Production and distribution license (expected to get license within Nov) Timeline: Target COD/Plant Acceptance within 4Q2018 Progress: Company had made technical evaluation and clarify scope of work with sub-EPC Contractor. They will propose bidding quotation within November 2018. Next Action: Expect to start construction within Q4/2018 Timeline: Target COD within Q4, 2019

Methyl Ester Plant2 Refined Glycerine Plant 2 Oleo Specialty

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Projects Timeline

Progress: In October 2018, the exceptional clause “except the factory in such location provide consent to the other” has been added to the draft of the amendment of the Notification of the Ministry of Industrial about the location of factory that using sugar cane as raw material in Thailand 2559.

BIOCOMPLEX

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Next Action: Proceed project to BoD for FID Timeline: Target COD within Q1,2021

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Agenda

Highlights GGC Growth Project Palm Oil Market Updates Financial Performance

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3Q18 Highlights of Palm Oil & Oleochemicals Market

Palm Oil Market Updates Financial Performance GGC Going Forward Highlights

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ME Chain ME Price & Spread FA Price & Spread FA Chain FA:

  • Natural FA demand in Q4/18 is healthy as entering high season of

HPC market

  • Natural FA price remains competitive to Synthetic FA
  • However, weak CNY and INR currencies might weight on buying

sentiment of Chinese and Indian buyers CPKO:

  • CPKO price shall be stable at the narrow range although demand

from Oleochemical sectors are healthy; ✓ Pressure from CNO price ✓ High Palm stock in Indonesia and Malaysia ME:

  • ME demand is expected to be healthy in Q4/18 due to;

✓ High consumption of Biodiesel in travelling season ✓ Additional demand as MOEN is pushing Biodiesel producers to blend more ME;  5th Nov 18: Min 6.5%6.8%  1st Jan 19: Min 6.8%6.9% ✓ MOEN’s initiative policy to push Biodiesel demand  B7 Plus: Increase Biodiesel blending from 7%  7.5%  B20: Use B20 in public transportation CPO:

  • Due to high stock level, local CPO price trends to be stable

although demand from Biodiesel sector is healthy

424 584 433 488 419 465 463 559 483 2,243 1,783 1,820 2,054 1,784 1,570 1,521 1,492 1,975 1,516 999 1,156 1,304 1,138 921 882 777 1,244 500 1,000 1,500 2,000 2,500 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 Oct'18 FY17 USD/T Spread FA CPKO 5.17 4.95 4.80 4.93 5.14 5.13 5.29 5.26 4.96 39.54 34.38 30.45 28.62 28.51 28.94 29.03 26.25 33.25 30.78 25.84 22.43 20.48 20.34 20.78 20.24 17.89 24.89 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 Oct'18 FY17 THB/KG Spread ME CPO

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Opportunity: Potential to increase Biodiesel blending rate

Increase blending percentage of Biodiesel

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  • B7 Plus:

✓ Negotiating with JAMA to increase Biodiesel blending ceiling from 7%  7.5% ✓ The policy shall help to support ME demand to increase around 7%-8%

  • B10:

✓ Target to complete driving test of B10 100,000 K.M.s within Feb’19. (Current Testing Progress of 50%) ✓ MOEN is cooperating with State Railway of Thailand to use B10 in train

  • B20:

✓ B20 consumption in Sep’18 was expected to be around 3.0-3.5 Million Littre/Month (equivalent to ME 0.6-0.7 Million Littre/Month) ✓ Gor.Bor.Ngor. approved to increase B20 subsidy from 3 THB/Littre to 5THB/Littre for 3 months (Dec18 – Feb19) ✓ MOEN is cooperating with Bangkok Mass Transit Authority (BMTA) and The Transport

  • Co. Ltd. to expand B20 usage to Public Transportation

 The policy will help to increase B20 demand up to 20.0 Million Littre/Month (equivalent to increase ME 2.2 Million Littre/Month, increase ME Demand 23,000 tons/year)

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Agenda

Highlights GGC Growth Project Palm Oil Market Updates Financial Performance

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Consolidated Financial Performance

Sales Revenue (MB) EBITDA & Adjusted EBITDA* (MB) / Adjusted EBITDA Margin* (%)

3Q18 3Q17 2Q18 9M17

ME EBITDA ME Adjusted EBITDA FA EBITDA FA Adjusted EBITDA Consolidated Adjusted EBITDA Margin

Net Profit (MB) & Net Profit Margin (%)

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9M18

3,277 2,690 2,370 8,822 7,834 1,903 1,546 1,334 5,431 4,737 5,180 4,236 3,704 14,253 12,571 3Q17 2Q18 3Q18 9M17 9M18 ME Business Unit FA Business Unit

55

  • 1,853

185 270

  • 1,603

3Q17 2Q18 3Q18 9M17 9M18 1.1%

  • 43.7%

5.0% 1.9%

  • 12.8%

102 109 106 116 159 187 298 454 428 483

109 245 31 170 130 159 452 897 209 593 211 354 137 286 289 346 750 1,351 637 1,076

6.8% 6.8% 9.3% 9.5% 8.6%

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Financial Position

Statements of Financial Position

Cash and Cash Equivalent Account Receivable, Inventory, and other Current Assets PP&E Non-current Assets Other Liabilities Interest Bearing Debt Shareholders’ Equities

December 31, 2017 Baht 14,535 million

Key Financial Ratios Repayment Plan Cash Flows

Million Baht Million Baht Million Baht

528 935 (2,292) 2,575 1,745

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*

*Cash from IPO was invested in ME2 project of 1,144 MB and WC 248 MB Ending Cash had not included short-term investment of 1,731MB

140 338 441 567 765 2018 2019 2020 2021 2022

September 30, 2017 Baht 12,793 million

2,422 +877

  • 738
  • 402

2,159

Beginning Cash Operating Cash Flows CAPEX & Investment Financing Ending Cash

9,058 7,923 11,073 9,080 9,265 833 2,689 2,400 2,258 2,258 FY15 FY16 FY17 2Q18 3Q18

0.1 0.3 0.2 0.2 0.2 0.6 1.8 2.1 2.4 2.2 Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Performance 3Q18 vs. 3Q17

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Net Profit : Million Baht

Operating profit: In 3Q18, the operating profit was a slightly lower than that of 3Q17, mainly attributed to the lower profitability of fatty alcohols driving but it was help offset by higher profitability of methyl ester. Stock Gain (Loss) & NRV: In 3Q18, the company recognized the stock loss & NRV of 57 MB, improved from 3Q17 by 86 MB, mainly due to the slowing pace of downward trend of crude palm oil prices and crude palm kernel oil price. Gain/(Loss) from FX: In 3Q18 was recorded loss of 10 MB while recorded loss in 3Q17 of 22 MB because THB appreciation in 3Q18 was less than 3Q17. Others: In 3Q18, the others item was higher than that of 3Q17, mainly resulted from the company recognized profit from investments in the Thai Ethoxylate Company Limited (TEX).

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Performance 3Q18 vs. 2Q18

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Net Profit : Million Baht

Operating profit: In 3Q18, the operating profit was higher than that of 2Q18, mainly attributed to the higher profitability of methyl ester. Stock Gain (Loss) & NRV: In 3Q18, the company recognized the stock loss & NRV of 57 MB, improved from 2Q18 by 92 MB, mainly due to the slowing pace of downward trend palm product price. Gain/(Loss) from FX: In 3Q18, the company was recorded the loss 10 MB against gain in 2Q18 of 44 MB due to the impact from the appreciation of the THB by 2%, while in 2Q18 the THB was depreciated 6%.

  • 1,853

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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Performance 9M18 vs. 9M17

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Net Profit : Million Baht

Operating profit: In 9M18, the operating profit was lower than that of 9M17, mainly attributed to the lower profitability of fatty alcohols. Stock Gain (Loss) & NRV: In 9M18, the company recognized the stock loss & NRV of 441 MB, improved from 9M17 by 159 MB, mainly due to the slowing pace of downward trend in palm product price. Gain/(Loss) from FX: In 9M18, the company was recorded gain of 7 MB against loss in 9M17 of 73 MB due to THB appreciation 7% in 9M17.

  • 1,853

Highlights Palm Oil Market Updates Financial Performance GGC Growth Project

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T H A N K Y O U

Global Green Chemicals Public Company Limited

555/1 , Energy Complex, Building A, 4th Floor, Vibhavadi Rangsit Road, Chatuchak, Chatuchak, Bangkok 10900, Thailand Tel: +66(0) 2 558 7306 Tel: +66(0) 2 558 7345 Fax: +66(0) 2 558 7301 www.ggcplc.com

For further information or enquiries, please contact our Investor Relations Team : ir@ggcplc.com

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Appendix

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Palm Oil & Oleochemicals Market

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CPKO CPO

2016 2017 2018

29.63 30.10 29.02 32.26 33.93 33.50 37.49 34.00 31.05 30.00 29.63 30.80 31.40 31.97 28.97 26.91 26.77 23.84 23.05 22.13 22.11 21.59 20.73 19.12 19.10 21.28 20.37 18.97 20.16 23.2 21.59 20.09 19.03 15.00 20.00 25.00 30.00 35.00 40.00 45.00 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 CPO_DIT(B/kg) 924 1,002 1,156 1,286 1,205 1,304 1,276 1,438 1,481 1,375 1,515 1,625 1,776 1,584 1,188 950 1,065 982 989 1,126 1,352 1,332 1,338 1,243 1,256 1148 1009 987 925 851 871 903 871

  • 500

1,000 1,500 2,000 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 CPKO(USD/Ton)

Glycerine

200 400 600 800 1000 1200 Spread(USD/Ton) RGL(USD/Ton) CGL(USD/Ton)

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Key Performance By Business Unit

Page 23 Note : (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV (2) Conversion ratio: 0.865 Tons = c.1,000 Liters (3) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and NRV

3Q2018 3Q2017 % YoY 2Q2018 % QoQ 9M/2018 9M/2017 % QoQ Utilization (%) 110% 123%

  • 13%

120%

  • 10%

110% 108% 2% Sales Volume (Ton) 26,899 31,574

  • 15%

30,209

  • 11%

81,343 79,107 3% Revenue from Sales (million baht) 1,334 1,903

  • 30%

1,546

  • 14%

4,737 5,431

  • 13%

EBITDA (million baht) 130 109 19% 31 319% 209 452

  • 54%

EBITDA margin(%) 9.7% 5.7% 4.0% 2.0% 7.7% 4.4% 8.3%

  • 3.9%

Stock Gain/(Loss) & NRV

  • 29
  • 136
  • 79%
  • 139
  • 79%
  • 384
  • 445
  • 14%

Adjusted EBITDA (million baht)(1) 159 245

  • 35%

170

  • 6%

593 897

  • 34%

Adjusted EBITDA Margin (%) 11.9% 12.9%

  • 1.0%

11.0% 0.9% 12.5% 16.5%

  • 4.0%

3Q2018 3Q2017 % YoY 2Q2018 % QoQ 9M/2018 9M/2017 % QoQ Utilization (%)(1) 113% 112% 1% 108% 5% 113% 101% 12% Sales Volume (ton) 84,637 97,373

  • 13%

90,100

  • 6% 277,491 252,457

10% Sales Volume (million litre)(2) 98 113

  • 13%

104

  • 6%

321 292 10% Sales Revenue (million baht) 2,370 3,277

  • 28%

2,690

  • 12%

7,834 8,822

  • 11%

EBITDA (million baht) 159 102 56% 106 50% 428 298 44% EBITDA margin (%) 6.7% 3.1% 3.6% 3.9% 2.8% 5.5% 3.4% 2.1% Stock Gain/(Loss) & NRV(million baht)

  • 28
  • 7

300%

  • 10

180%

  • 55
  • 156
  • 65%

Adjusted EBITDA (million baht)(3) 187 109 72% 116 61% 483 454 6% Adjusted EBITDA Margin (%) 7.9% 3.3% 4.6% 4.3% 3.6% 6.2% 5.1% 1.0%

METHYL ESTER (B100) BUSINESS UNIT FATTY ALCOHOLS BUSINESS UNIT

Note : (1) Nameplate Capacity 300,000 Tons per year (2) Conversion ratio: 0.865 Tons = c.1,000 Liters Note : (1) Nameplate Capacity 300,000 Tons per year (2) Conversion ratio: 0.865 Tons = c.1,000 Liters

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SLIDE 25

ลบ. % ลบ. % ลบ. % ลบ. % ลบ. % ลบ. % ลบ. % ลบ. % รายได้จากการขาย 3,704 100 5,180 100 (1,476) (28) 4,236 100 (532) (13) 12,571 100 14,253 100 (1,682) (12) วัตถุดิบ (2,693) (73) (4,167) (80) 1,474 (35) (3,285) (78) 592 (18) (9,500) (76) (11,054) (78) 1,554 (14) ค่าเผื่อมูลค่าสินค้าคงเหลือ (NRV)

  • - 18 0 (18)

n.a.

  • - -

n.a. 2 0 (1) (0) 3 (300) Product to Feed Margin 1,011 27 1,031 20 (20) (2) 951 22 60 6 3,073 24 3,198 22 (125) (4) ค่าใช้จ่ายแปรผันอื่น (472) (13) (468) (9) (4) 1 (485) (11) 13 (3) (1,452) (12) (1,245) (9) (207) 17 ค่าใช้จ่ายในการผลิต (138) (4) (130) (3) (8) 6 (130) (3) (8) 6 (394) (3) (406) (3) 12 (3) Stock Gain/(Loss) (57) (2) (161) (3) 104 (65) (149) (4) 92 (62) (441) (4) (600) (4) 159 (27) ค่าใช้จ่ายในการขายและบริหาร (73) (2) (72) (1) (1) 1 (83) (2) 10 (12) (227) (2) (228) (2) 1 (0) รายได้อื่นๆ 18 0 11 0 7 64 33 1 (15) (45) 78 1 31 0 47 152 EBITDA 289 8 211 4 78 37 137 3 152 111 637 5 750 5 (113) (15) ค่าเสื่อมราคาและตัดจ าหน่ายทางบัญชี (124) (3) (143) (3) 19 (13) (133) (3) 9 (7) (395) (3) (421) (3) 26 (6) EBIT 165 4 68 1 97 143 4 0 161 4,025 242 2 329 2 (87) (26) ค่าใช้จ่ายทางการเงินสุทธิ (5) (0) (12) (0) 7 (58) (8) (0) 3 (38) (19) (0) (49) (0) 30 (61) ก าไร/(ขาดทุน)จากอัตราแลกเปลี่ยน (1) (10) (0) (22) (0) 12 (55) 44 1 (54) (123) 7 0 (73) (1) 80 (110) ส่วนแบ่งก าไร/(ขาดทุน)จากเงินลงทุน 46 1 15 0 31 207 27 1 19 70 93 1 60 0 33 55 ค่าใช้จ่ายภาษีเงินได้ (11) (0) 6 0 (17) (283)

  • - (11)

na. (6) (0) 3 0 (9) (300) ก าไรสุทธิรวม 185 5 55 1 130 236 67 2 118 176 317 3 270 2 47 17 รายการพิเศษสุทธิภาษี(2)

  • - - - -

n.a. (1,920) (45) 1,920 n.a. (1,920) (15) - - (1,920) n.a. ก าไรสุทธิรวมหลังรายการพิเศษ 185 5 55 1 130 n.a. (1,853) (44) 2,038 (110) (1,603) (13) 270 2 (1,873) n.a. 9M/2561 9M/2560 YoY ไตรมาส 3/2561 ไตรมาส 3/2560 YoY ไตรมาส QoQ

Consolidated Income Statement

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