equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q4 2019 and Q4 2018) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur

2,163.7 73.0% Property, plant and equipments, net 16,321.5 18,768.6 2,447.1 15.0% Total non-current assets 21,427.7 24,035.0 2,607.3 12.2% Total assets 24,389.6 29,161.6 4,772.0 19.6% Total interest-bearing

cash equivalents decreased as mentioned above, effect to the Group's property, plant and equipment and other advances have increased Baht 54.45 million and Baht 2.39 Management's Discussion and Analysis

Regarding EP 5.1 General Information Type of Business : Investing in other companies engaging in electricity generation by solar cell as well as electricity and steam generation by co-generation power plant

39.51 MB respectively. Cash and cash equivalents decreased as mentioned above, effect to the Group's property, plant and equipment and other advances have increased Baht 93.37 million and Baht 116.82

2016) of property, plant and equipment Mr. Geza Perlaki Mr. Krishnan Subramanian Aylur Authorized Director Authorized Director

lease payments and is subjected to an interest rate and decreases as lease payments are made throughout the periods. b. Right of Use (ROU) is recorded under assets (property, plant and equipment) at the

Company Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 4/7 cost improvement after commissioning of new glass plant at The Siam

, cash received from Overdraft and loan amount Baht 65.03 million. As the result, the Group's property, plant and equipment increased by Baht 99.00 million due to the purchase of 21 branches, in accordance

17.1% 0.2% Property, plant and equipment 4,365 35.8% 4,300 37.2% 1.5% Prepaid rental of land and bulidings 837 6.9% 821 7.1% 1.9% Others non-current assets 1,809 14.8% 1,382 11.9% 30.9% Total non-current