on Equity ** (%) 14.57 13.94 4) Return on Assets ** (%) 8.61 8.53 5) EBITDA * (Million Baht) 3,044 3,181 6) EBITDA to Total Assets (%) 3.01 3.16 7) Debt to Equity Ratio (Times) 0.66 0.72 8) Debt

upgrading equipment health. This has significantly improved the Debt to Equity Ratio from 0.49 in 2016 to 0.20 in Q2-2019 and the Current Ratio from 0.33 in 2016 to 1.75 in Q2-2019. 1. Highlights 2 G J Steel

) (%) 44.83 46.08 3) Return on Equity *** (%) 10.59 9.43 4) Return on Assets *** (%) 6.28 5.75 5) EBITDA * (Million Baht) 2,611 2,557 6) EBITDA to Total Assets (%) 2.53 2.67 7) Debt to Equity Ratio (Times) 0.72

* (%) 75.8% 62.9% Debt to equity (times) 1.0 0.8 Assets turnover* (times) 0.5 0.4 Remark: financial ratios were calculated based on The Stock Exchange of Thailand’s formula. *The Company didn’t restate the

fixed assets (%) 63.1% 80.8% Debt to equity (times) 0.3 0.1 Assets turnover (times) 0.4 0.3 Remark:  During April – September 2018, the warrant holders exercised 1,121mn shares to purchase newly issued

97.72 million. Therefore, portions of company shareholding interest and non- controlling interest of subsidiary stood at Baht 1,441.94 million and Baht 207.75 million respectively. Debt to Equity ratio as

receivables 93.0% 81.1% Allowance for doubtful debt 34 32 % of total receivables 4.5% 3.4% LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 MARCH 2017 31 DECEMBER 2017 (Restated) (THB mn

199.76 million. Therefore, portions of company shareholding interest and non- controlling interest of subsidiary stood at Baht 1,418.36 million and Baht 197.37 million respectively. Debt to Equity ratio as

647 Up to 6 months 93 164 Over 6 months 39 22 Total 709 833 % of total receivables 93.0% 72.9% Allowance for doubtful debt 34 36 % of total receivables 4.5% 3.2% LIABILITIES AND SHAREHOLDERS’ EQUITY

-controlling interest of subsidiary stood at Baht 1,417.66 million and Baht 215.39 million respectively. 7 Debt to Equity ratio as at 30th September and 31st March 2019 were 0.39 and 0.41 times respectively. The