Discussion and Analysis of Financial Condition and Results of Operations for the year 2556 1 Translation UWC 023/2562 August 16, 2019 Subject : Management Discussion and Analysis for quarter 2-2019

Management Discussion and Analysis For the first quarter ended 31 March 2020 (reviewed) Ratchthani Leasing Public Company Limited May 13, 2020 Subject : Management Discussion and Analysis For the

Microsoft Word - 2008-034EN Management Discussion and Analysis for the Q2 2020 (Ending June 30^J 2020)-Rev (002) Ref. No. 2008/034EN August 13, 2020 Subject Management Discussion and Analysis for the

. Shareholders’ equity The total shareholders’ equity increased by 23 million Baht, due to the Company had unappropriated retained earnings increased. Analysis of financial status As of 30 June 2017, the Company

Baht, main reason came from the Company had unappropriated retained earnings during the nine-month period ended 30 September 2017 increased.  Analysis of financial status  The Current Ratio is 7.7:1

increased. 3. Analysis of financial status As of 30 September 2018, the Company had current ratio 10.90:1 times and Debt to Equity ratio equal to 0.08:1 times, compared to those of the same period of the

increased. 3. Analysis of financial status As of 30 September 2019, the Company had current ratio 16.69:1 times and Debt to Equity ratio equal to 0.10:1 times, compared to those of the same period of the

due to the higher gross profit and the lower administrative expenses. As a result, overall net profit of the Group is increased. Analysis of revenues Q1’ 2018 Q1’ 2017 Increase (decrease) Million Baht

profit from EMS business and retail business. As a result, overall net profit increased. Analysis of revenues EMS business In 2Q17, the Group generates revenue of Baht 553 million from EMS business, which

business and the lower administrative expenses. As a result, overall the profit of the Group was increased. Analysis of revenues Q3’ 2018 Q3’ 2017 Increase (decrease) Million Baht % Million Baht % Million