186,111 17.0 208,149 18.4 (21,331) (9.9) Total Liabilities 519,868 47.3 539,355 46.7 469,412 42.9 503,082 44.4 (19,487) (3.6) Shareholders’ equity 580,044 52.7 616,692 53.3 624,530 57.1 630,128 55.6 (36,648

) major shareholders equity (60) (143) +58% (210) (286) +27% % net profit (loss) (4.9%) (9.8%) (4.2%) (5.3%) Depreciation and amortization 45 50 -11% 230 185 +24% EBITDA (18) (124) +86% 21 (87) +124

the Company has executed the Share Purchase Agreement with the existing shareholders of Akkrawat Crop Rotation Energy Company Limited (“Akkrawat”) in the amount of 25,000 shares, representing 50 percent

239.2 Total Liabilities 4,014.9 16,512.9 12,498.0 311.3 Total Shareholders’ Equity 2,743.5 6,412.5 3,669.0 133.7 หน้า 5 ของ 5   Total Assets of The Group as of December 31st,2017, an increase of assets

18.7 Total Liabilities 16,512.9 18,402.0 1,889.1 11.4 Total Shareholders’ Equity 6,412.5 8,801.3 2,388.8 37.3 As of December 31st, 2018. The Group has an increase of assets compared to the year 2017

Expenses of tax income 26.23 1.43% 23.26 1.67% 2.97 12.77 Net income 113.72 6.21% 107.55 7.70% 6.17 5.74 Profit sharing Attributed to the shareholders of the Company 96.19 5.25% 89.70 6.42% 6.49 7.24

) -8.32% SHAREHOLDERS' EQUITY Issued and paid-up share capital 1,316.25 1,316.25 0.00 0.00% Premium on ordinary shares 264.33 264.33 - 0.00% Surplus - warrants 310.00 310.00 - 0.00% Retained earnings

(37.44) (25.27) Total shareholders’ equity 290.04 72.38 296.99 66.72 (6.95) (2.34) Assets At the end of 2019, SAAM Group presented total assets of THB 400.73 million, mainly comprising property, plant and

down long-term loans for Bt1,414.4 million, while repayments of long-term loans and financial lease payment amounted to Bt336. 7 million and dividend payment to its shareholders of Bt934. 1 million 2.1.2

shareholders as well as to be the number one in the country conducting the non-performing debt management without collateral. Management Discussion and Analysis (MD&A) 2019 Page 2/6 Summary of Comprehensive