) (31.1%) 1,767.6 2,388.2 620.6 35.1% Gross Profit/2 2,159.1 1,163.7 (995.5) (46.1%) 3,005.2 3,082.3 77.1 2.6% Net Profit 972.4 303.0 (669.3) (68.8%) 1,053.1 1,082.9 29.8 2.8% Normalized Total Revenue/3

Discussion & Analysis Q1/2022 Operating Highlights in Q1/2022 Q1/21 Q1/22 Change +/(-) (THB million) %YoY Operating Revenue 179 198 11% Gross Profit 105 120 14% EBITDA 57 58 2% Net Profit (Loss) for the

35% EBITDA 83 96 16% 142 177 25% Net Profit (Loss) for the Company 34 43 26% 49 77 57% Gross Profit Margin (%) 63.9% 64.2% 0.3% 62.4% 64.1% 1.7% EBITDA Margin1 (%) 35.5% 31.8% (3.7%) 32.6% 31.1% (1.5

33% EBITDA 83 103 24% 306 391 28% Net Profit (Loss) for the Company 36 47 31% 118 178 51% Gross Profit Margin (%) 62.9% 65.0% 2.1% 63.1% 64.8% 1.7% EBITDA Margin1 (%) 30.7% 32.1% 1.3% 32.1% 31.8% (0.3

Baht 40.6 million (or +4.1%) and the Food Business of Baht 75.6 million (or +16.6%). An increase of Net Profit mainly resulting from the more effective debt management that enabled the Company to reduce

net offering of THB 7,351.6 million (after deduction of related fees and expenses). In addition, the Company had repaid loans from the related parties, which was utilized in the acquisition of the

million Baht or 17% as compared to 2017. Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of

. 66 2 654 3344 Fax. 66 2 654 3323 Profit (Loss) As a result, the Company recorded net loss of 5,153 million Baht (59% of the total revenue), increased by 3,106% as compared to 2017 with net profit of

corporate income tax rate of 16.8% down from the ratio of 20.2% mainly due to the higher income tax expenses from better operational performance whereas less loss from the overseas subsidiaries. 6 Net profits

355.9 10.3% Total Cost 1,528.4 2,614.2 1,085.8 71.0% Gross Profit/2 1,802.9 1,074.0 (729.0) (40.4%) Net Profit 779.9 406.6 (373.3) (47.9%) Normalized Total Revenue/3 3,196.4 3,708.8 512.3 16.0% Normalized