bearing debt was THB 29,828m. During 1Q19, a certain of outstanding loan was settled by net proceed received from SPRIME, reducing gearing ratio from 1.53x to 1.50x. However, a decimal rise of net gearing

renovation. Liquidity was maintained at healthy level with current ratio over 1, while capital structure was at optimal level with excellent ability to repay debt. 31-Dec-17 31-Dec-16 Chg Profitability ratio

% 4.6% Liquidity ratio 31-Dec-19 31-Dec-18 Current ratio (time) 1.41 1.35 Leverage ratio 31-Dec-19 31-Dec-18 Interest bearing debt to equity (time) 0.94 0.40 Net interest bearing debt to equity (time

Analysis For 2Q20 and 6M20 P a g e | 8 As of 30 June 2020, the Company had Interest bearing debt to equity attributable to owners of the Company (IBD/E) ratio at 3.20 times and IBD/E ratio excluding TFRS 16

value of the company and increase the equity portion, making a stronger financial statement, improve debt conditions, and improve the financial ratio, increase confidence with the financial institution

/Equity Ratio 1.75 1.44 1.75 1.44 Net Debt/Equity Ratio 1.28 1.18 1.28 1.18 Leverage (Net Debt/EBITDA) 3.76 3.03 3.76 3.03

2017 FY2016 Return on Equity (ROE) 8.37% 2.52% 12.22% 11.29% Return on Assets (ROA) 5.05% 1.56% 7.37% 6.97% Return on Fixed Assets (ROFA) 23.35% 22.33% 27.68% 31.92% Debt/Equity Ratio 0.69 0.62 0.69 0.62

% 7% 5% 7% Return on Fixed Assets (ROFA) 26% 29% 26% 29% Debt/Equity Ratio 1.41 1.34 1.41 1.34 Net Debt/Equity Ratio 1.11 0.81 1.11 0.81 Leverage (Net Debt/EBITDA) 2.80 2.25 2.80 2.25

% 36.06% Debt/Equity Ratio 1.34 0.67 1.34 0.67 Net Debt/Equity Ratio 0.81 0.25 0.81 0.25 Leverage (Net Debt/EBITDA) 2.27 0.71 2.27 0.71

period 63.72 113.16 -49.44 -44% Q2 2018 Q2 2017 FY 2018 FY 2017 Return on Equity (ROE) 17% 16% 16% 16% Return on Assets (ROA) 8% 10% 7% 10% Return on Fixed Assets (ROFA) 35% 33% 32% 34% Debt/Equity Ratio