& amortization 8,556 9,052 9,572 12% 5.8% 24,960 27,471 10% (Gain) loss on disposals of PPE 12 15 (3.2) -127% -121% 22 40 82% Management benefit expense (41) (47) (30) -27% -36% (145) (112) -23% Other financial
) 0.20 0.09 Debt to equity (time) 1.76 1.11 31-Dec-19 31-Dec-18 Interest coverage ratio (time)** 7.76 7.73 ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P
25 6 -98% -77% 372 30 -92% Management benefit expense -33 -43 -45 37% 3.4% -144 -168 16% Other financial cost 0 -4 -4 n/m -0.6% 0 -17 n/m EBITDA 19,366 18,861 19,043 -1.7% 1.0% 78,710 76,619 -2.7
disposals of PPE 29 331 - NA NA - - Management benefit expense (35) (33) (40) 14% 23% (40) - Other financial cost 3 (0) (5) -254% 1772% (5) - EBITDA 18,868 19,366 19,576 3.8% 1.1% 22,777 3,201 EBITDA margin
& amortization 13,025 13,442 13,546 4.0% 0.8% 51,842 53,374 3.0% (Gain) loss on disposals of PPE 6 -7 26 349% n/m 30 26 -15% Management benefit expense -45 -37 -26 -42% -31% -168 -145 -13% Other financial cost -4
& amortization 13,546 13,222 13,118 -3.2 % -0.8 % 53,374 52,902 -0.9 % (Gain) loss on disposals of PPE 30 3 -8 -127 % -390 % 26 20 -23 % Management benefit expense -26 -36 -29 13 % -19 % -145 -133 -8.4 % Other
to equity (time) 1.56 1.11 30-Sep-19 30-Sep-18 Interest coverage ratio (time)** 6.59 7.46 * Annualized ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 3Q19 and 9M19 P a
-19 Interest coverage ratio (time)** 0.36 -1.03 4.22 ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 8 2020 Outlook In addition to the domestic and the