debt to EBITDA of 1x and decent interest coverage ratio of 14x in FY20. Asset turnover: Inventory was well-managed with inventory days declined from 51 days to 44 days due to lower handset stock. Account

, not lower than the specified ratio.          ** Subordinated debt refers to liabilities for which the rights of creditors are subordinated to those of general creditors. Such debt is unsecured and

&16 Key Financial Ratio Post-TFRS 9&16 (Bt mn/% to total asset) 4Q19 2Q20 2Q19 1Q19 2Q20 Cash 19,637 6.8% 25,826 7.0% Interest-bearing debt to equity (times) 1.5 1.5 1.3 ST investment 1,989 0.7% 1,732

32% Debt Service Coverage Ratio (times) 2.7 3.7 4.8 Right of use 58,723 17% 54,691 15% Return on Equity 42% 36% 36% Intangible asset 7,123 2.0% 9,315 2.5% Figures from P&L are annualized YTD. Defer tax

Cycle (days) 315.91 Debt to Equity Ratio (times) 0.05 Return on Equity - ROE (%) 3.70 Return on Assets - ROA (%) 3.52 Net Profit Margin (%) 14.15 Please be informed accordingly. Yours Sincerely, Mr

-income households. Nevertheless, high levels of household debt continue to weigh on household purchasing power. Headline inflation in the first quarter of 2019 was 1.2 percent, up from 0.4 percent in the

' performance in the past Q2/2020, many financial institutions have increased their NPL to total loan ratio. The company has a positive view of the situation in terms of purchasing additional non-performing debt

Ratio Financial Ratio As of December 31, 2019 As of December 31, 2019 Liquidity Ratio (times) 24.87 23.97 Debt to Equity Ratio (times) 0.05 0.04 Return on Equity - ROE (%) 3.79 (1.10) Return on Assets

retained earnings as a result of the recent dividend payment in May. Financial Ratio Financial Ratio As of June 30, 2019 Liquidity Ratio (times) 27.80 Debt to Equity Ratio (times) 0.04 Return on Equity - ROE

of September 30, 2019 Liquidity Ratio (times) 32.34 Debt to Equity Ratio (times) 0.03 Return on Equity - ROE (%) 0.48 Return on Assets - ROA (%) 0.46 Net Profit Margin (%) 0.74 Please be informed