= NTA of investment in the Company x The disposition proportion x 100 NTA of the Company = (14.96 X 99.99996%) X 100 191.61 = 7.81% (2) Net Profit from Core Business after tax Transaction size = Net

507.9 1,179.2 671.3 132.2 Project Management and overhead expenses 158.5 273.3 114.8 72.4 Total Expenses 2,390.6 7,114.9 4,724.3 197.6 Profit before share of loss from investments in joint ventures, 808.5

1,123.0 1,045.9 948.1 77.1 7.4 174.9 18.5 Profit for the period 102.8 35.5 67.4 67.3 189.6 35.4 52.5 In Q1–2019, the company’s total revenue increased form Q4–2018 and Q1–2018, representing an increase of

)% Fibers 51 59 52 (3)% 200 212 (6)% Feedstock 154 114 87 76% 476 217 120% Core EBIT 198 155 135 46% 613 410 49% Core Net Profit after Tax and NCI (US$ M) 137 110 82 68% 416 242 72% Core Net Profit after Tax

to approximately Baht 1,761.00 million. 25.10% of the equity value in SGAH that the Company will invest has a price range between USD 50.00 million and USD 100.00 million, or equivalent to between

foreign exchange rate) 1) Current Ratio (Times) 2.47 2.42 2) Profit to Total Revenue (excluded fuel costs) (%) 36.65 40.85 3) Return on Equity (%) 9.00 9.81 4) Return on Assets (%) 5.80 6.26 5) EBITDA

million (THB 8.4 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating Cash Flow of

of $304 million (THB 9.6 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating

lower revenue, higher administrative expenses, and a recognition of share of net losses from investments by the equity method. The Company reported net loss of THB 23 million compared to net profit of THB

(94)% 88 203 (56)% Core EBIT 231 178 288 (20)% 892 871 2% Core Net Profit after Tax and NCI4 159 128 234 (32)% 666 664 0% Core Net Profit after Tax and NCI (THBm) 5,027 4,042 7,463 (33)% 21,566 21,477 0