% Payable days (days) 145 81 Efficiency Ratios Leverage Ratios Return on assets4 (%) 14.0% 10.2% Liability to Equity (times) 0.4 0.5 Return on fixed assets5 (%) 80.4% 58.2% Debt to equity (times) 0.1 0.1

gross profit margin of 1.68 percent. Earnings Efficiency Return on Equity (ROE): The Corporate Group’s ROE decreased from 21.16 percent as at end of 2017 to 20.78 percent as at December 31, 2018 or a

acquisition of Saraburi Quicklime and the efforts of the team to successfully integrate the business and improve its efficiency brought both top-line and bottom-line growth. The increased capacity and market

days (days) 138 126 Efficiency Ratios Leverage Ratios Return on assets4 (%) 10.2% 5.1% Liability to Equity (times) 0.4 0.6 Return on fixed assets5 (%) 58.4% 29.7% Debt to equity (times) 0.0 0.2 Asset

days (days) 100.8 149.1 Efficiency Ratios Leverage Ratios Return on assets4 (%) 12.2% 8.5% Liability to Equity7 (times) 1.6 1.5 Return on fixed assets5 (%) 75.8% 60.1% Debt to equity8 (times) 1.0 0.9

six months ended June 30, 2017, primarily due to high efficiency of our new power plants became commercial operation in recent years Normalized net profit (NNP)  Normalized net profit increased 11.8

ratio 9M17 9M16 Gross profit margin 26.93% 26.71% EBITDA margin 15.48% 18.95% Net profit margin -0.61% 0.98% Efficiency ratio* 9M17 9M16 Return on equity 1.14% 3.27% Return on assets 1.49% 3.13% Liquidity

gross profit margin of 4.11 percent. Earnings Efficiency Return on Equity (ROE): The Corporate Group’s ROE increased from 18.58 percent as at end of 2016 to 21.16 percent as at December 31, 2017 or an

Gross profit margin 28.2% 28.1% 0.1% EBITDA margin 19.7% 16.9% 2.8% Net profit margin 4.8% 2.1% 2.7% Efficiency ratio Return on equity 5.7% 2.5% 3.2% Return on assets 4.9% 2.3% 2.6% Liquidity ratio

provide services through online only; (2) prepare readiness of sufficient personnel and other resources for operation of a branch office, including efficiency of management and compliance system; (3