)% 4.12 3.26 26% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are

Interest-bearing Debt to Equity decreased slightly from 0.25 to 0.24 times as a result of lower debts and lower equity after the annual dividend payment in the second quarter of 2019. Shareholders' Equity As

(attributable to equity holders of the parent) of Baht 195 million for the second quarter of 2019, a decrease of 15 percent compared to the second quarter of the previous year and net profit (attributable to

amendment of the Labor Protection Act since 2Q19. As of September 30, 2019, Net Interest-bearing Debt to Equity decreased slightly from 0.25 times to 0.23 times as a result of lower debt and lower equity

increased to support higher requirement for production. As of March 31, 2020, Net Interest-bearing Debt to Equity improved from 0.18 to 0.16 times as a result of lower debts and higher equity. Shareholders

liquidity reserve measure during the crisis and a decrease in trade and other current payables of Bt650 million in line with lower business. As of June 30, 2020, Net Interest-bearing Debt to Equity raised

generation capacity and 10 tons per hour of steam generation capacity with the project cost of approximately Baht 3,105 million (the debt proportion is approximately 75 percent and the equity proportion is

the year ended 31 Dec - Translation - Page 2 of 6 633 million to other countries both in Asia and Outside Asia, an increase of THB 318 million or 101.3% driven mainly by orders from Yemen and

-4- 2. Financial Status (The Company and Subsidiaries)  Unit : Baht 1,000 Total Assets Total Liabilities and Shareholders' Equity 0.7% 0.7% 1,651,391 1,639,963 1,651,391 1,639,963 Current assets

strategic moves and investments has been made throughout the year. To capture opportunities on the domestic front through one of the fastest-growing channels, OSP invested in Asia Vending Machine Operation