contribution for this increase was due to the increase of properties, plant and equipment by THB 1,299 million or 13.5% resulting from payment of the construction, machine installation and system preparation

franchise agreement and purchase asset agreement amounting to Baht 95.00 million and increase transaction such as cash received from loan amount Baht 17.60 million. As the result, the Group's property, plant

) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property, plant

– net of THB 79mn, mainly from plant and equipment of MACO. Trade and other receivables were THB 1,572mn, an increase of THB 429mn. The increase in account receivables comprising of 1) trade receivables

million, respectively, increasing by THB 1,822 million or 16.6%. The main contribution for this increase was due to the increase of properties, plant and equipment by THB 1,430 million or 14.9% resulting

ratio was 1.35 times as the Company use short-term loan, bond and cash deposit as source of fund for Investment in Associates and purchase of Property, Plant and Equipment (PPE) The Company maintained

FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur Authorized Director

transaction such as cash received from loan amount Baht 20.57 million. As the result, the Group's property, plant and equipment increased by Baht 82.86 million due to the purchase of 21 branches, in accordance

cash equivalents 2) Leverage Q3 and FY use annualized EBITDA for the previous 4 quarters 3) ROFA = (Net profit + Depreciation)/ Average (current quarter and end of last year) of property, plant and

was 0.48x compared to that of last year at 0.55x. In 2019 the Company spent THB 1,784mn on capital expenditure and investment, primarily in investment properties, property, plant & equipment purchased