rate, one-time income/expense, in the 3Q16 and 3Q17 performance, EBT in 3Q17 would have declined by 449% YoY, reflecting higher financial costs (interest expenses) from convertible bonds worth US$180mn

2018, the Company had a consolidated net profit including equity of shareholders of the Company of THB 8.6mn. Financial Position (as of 31 December 2018) Assets Total assets of the Company stood at THB

March 2020, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 March 2020 31 March 2019 Increased (Decreased) Percentage

Asset (ROA) for the fiscal year of 2021 are 19.2% and 4.0%, respectively. Key Financial Ratio 3Q21 4Q21 FY20 FY21 Net Profit Margin (%) 17.0% 17.5% 17.3% 17.1% Interest Coverage ratio (Times) 3.2 3.7 3.2

Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Based Products Business Group 21 Natural Resources Business Group 23 Statement of Financial Position 26 Cash

1,123.0 1,045.9 948.1 77.1 7.4 174.9 18.5 Profit for the period 102.8 35.5 67.4 67.3 189.6 35.4 52.5 In Q1–2019, the company’s total revenue increased form Q4–2018 and Q1–2018, representing an increase of

advertising and marketing tools. 2018 was another all-time high financial record for MACO – a culmination of 4 consecutive years of record-breaking achievement – having achieved revenue and net profit of

% 45.4% Adjusted EBITDA margin 40.9% 42.3% 46.1% Net profit margin 24.5% 20.5% 20.6% Adjusted net profit margin 26.1% 22.5% 23.3% Note: The Company restated 2Q 2016/17 financial performance after the

% 25.5% 24.3% Adjusted net profit margin 22.5% 27.1% 28.2% 1Adjusted for share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest

exchange transactions, net 106,785 162,815 (56,030) (34.4) Gain (loss) on financial liabilities designated at fair value through profit or loss, net (87,923) 15,923 (103,846) (652.2) Gain (loss) on