ATM E- PIN PIN 1 8 BtoCEC BtoCEC LPG M&A M&A M&A LPG M&A 2

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1

2 ATM E- PIN PIN 1 8 BtoCEC BtoCEC LPG M&A M&A M&A LPG M&A 2

3 , ,

4 4

5

6 SMBC PwC PwC 6

7 SMBC PwC SMBC VWAP DCF VWAP 7

8 DCF DCF SMBC SMBC PwC DCF DCF DCF PwC PwC 8

9 DCF () SMBC PwC 9

10 10

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