Total Assets) * 100 17) Return on Fixed Assets = ((Net Profit + Depreciation) / Average Total Fixed Assets) * 100 18) Total Assets Turnover = Total Revenue / Average Total Assets 19) Debt/Equity Ratio

Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net Operating Debt is Net Debt (total debt less cash and current investments) less cash outflow for the various projects

(THB million, %) Total Interest-Bearing Debt (THB million) +1% Total Assets As of 30 September 2020, total assets of the Company and its subsidiaries was THB 254,857 million, increased by THB 2,840

) * 100 4) Operating Profit Margin = (EBIT / Sales) * 100 5) Net Profit Margin = (Net Profit / Total Revenue) * 100 6) Debt/Equity Ratio = Total Debt / Equity 7) Net Debt/Equity Ratio = Net Debt / Equity

) Net Profit Margin = (Net Profit / Total Revenue) * 100 6) Debt/Equity Ratio = Total Debt / Equity 7) Net Debt/Equity Ratio = Net Debt / Equity

Agency and Financial Institutions Development Fund 1,469 1,314 2,504 11.8% (41.3)% 2,783 4,956 (43.8)% Debt issued and borrowings 1,552 1,520 1,533 2.1% 1.2% 3,073 3,063 0.3% Total interest expenses 9,090

0.57 Total debt to equity (times) 0.28 3.42 0.28 3.42 The company’s operating gross profit margins was 34.5% in Q4’18 compared to 32.7% in Q4’17. SG&A to net sales ratios of 21.1% in Q4’18 compared with

average total assets Return on equity (%) = Net profit divided by average equities attributed to owners of the company Debt to equity (x) = Total debt divided by shareholders’ equities Interest bearing debt

12,931 million Shareholders’ Equities Interest Bearing Debt P a g e | 12 - Management Discussion and Analysis 1Q2020 - Liabilities As of March 31, 2020, the Company had total liabilities of THB 3,467

(%) 3.2 4.7 4.6 Net profit to sales revenue(%) (43.7) 1.5 1.4 Return on total assets(%) (10.5) 4.6 3.0 Return on equity(%) (14.1) 6.5 4.0 Debt to equity(x) 0.4 0.3 0.3 Interest bearing debt to equity(x) 0.2