appropriate of capital structure The debt to equity ratio as at 30 September 2018 was 2.5:1, increased from the debt-to-equity ratio as at 31 December 2017, which was 2.0: 1. The increase was due to the

assets. Total liabilities stood at THB 42,533m while interest bearing debt was THB 29,466m. A decrease of gearing ratio from 1.53x to 1.44x and a decline of net gearing ratio from 1.35x to 1.28x were as a

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

net tangible assets (2) is computed from FKRMM’s NTA as of August 31, 2017 NTA of FKRMM as of August 31, 2 earnings of which used for clearing the internal debt between CRSB and FKRMM 2) Transaction’s

% 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

value of the foreign currency debt is lowered when converted back to Thai Baht. Performance comparison between Q2/ 2019 and Q1/ 2019 power plant business recorded an increase in revenue by THB 40 million

/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